Russia Is Preparing For A “Perfect Storm” In The Global Economy

 

In recent months, Russia – some claim – has “strenuously prepared for Putin’s meeting with Trump”.

What does this mean?

Firstly, in April the Central Bank of the Russian Federation dumped nearly a half of US Treasuries that it had on its balance sheet, reducing their stock from $96.2 billion to $48.7 billion.

Moody’s: U.S. can forget about Triple-A rating if it violates debt ceiling

The Treasury is running out of time and money. [Moody’s]

 

The U.S. will lose its Triple-A rating if it violates the debt ceiling, even if it quickly acts to meet its obligations, a rating agency said Tuesday.

The U.S. is facing a looming deadline to raise the debt ceiling, and there’s concern that despite the insistence of figures including Treasury Secretary Steven Mnuchin and House Speaker Paul Ryan, it won’t get lifted in time. The Treasury has estimated it will reach the debt limit by Sept. 29.

Greece and Iran: The Dark Side of the Relationship

As you can glean from the article, there’s a lot more to the EU than business as usual. Some things will never see the light of day, but here we have a glimpse into the darker inner workings and depth of corruption within the Greek system. Greece is an extremely sick nation.

Greek problems aren’t limited to a constant economic and political hammering by Germany. The wounds are many, and bone deep.

It makes you wonder where you would even start to get your nation out of this mess if you were an honest Greek.

 

Greek Prime Minister Alexis Tsipras meets with Iranian Supreme Leader Ayatollah Ali Khamenei in Tehran, on February 8, 2016. (Image source: Office of the Supreme Leader)

 

• The Iranian government, with these two cases (Kabis and Noor 1), seems to hold in its hands a bomb that can blow up the Greek economic and political system. If Greek authorities seriously investigate these cases, they will trigger a domino-effect of disclosures that could well destabilize Greece’s government.
• Iran can blackmail and manipulate its political influence inside Greece, or Iran can use its ability to destabilize a member of NATO and Eurozone, Greece, to strengthen its international position.

As Sunnis and Shiites are fighting for regional hegemony in the Middle East — Syria, Yemen — Greece, as geographical gate for Europe and the Balkans, is a trophy country for the Iranian regime. In recent years, the Iranians have been exploiting the corrupt establishment’s thirst for money. Through drug dealing and oil smuggling, Iran seems to be trying to buy political influence and access to the Greek media. Well-informed diplomatic sources say that the Iranian Embassy in Athens is extremely active in Greece’s political and economic life behind the scenes.