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Western politicians and pundits should be more careful with their predictions for the Russian economy: Reports of its demise may prove to be premature. Bashing the Russian economy has lately become a popular pastime. In his state of the nation address last month, U.S. President Barack Obama said it was "in tatters." And yesterday, Anders Aslund of the Peterson Institute for International Economics published an article predicting a 10 percent drop in gross domestic product this year -- more or less in line with the apocalyptic predictions that prevailed when the oil price reached its nadir late last year and the ruble was in free fall. Aslund's forecast focuses on Russia's shrinking currency reserves, some of which have been earmarked for supporting government spending in difficult times. At $364.6 billion, they are down 26 percent from a year ago and $21.6 billion from the beginning of this year. Aslund expects $166 billion to be spent on infrastructure investments and bailing out companies, and another $100 billion to exit via capital flight and other currency outflows. As a result, given foreign debts of almost $600 billion, "Russia's reserve situation is approaching a critical limit," he says.

What this argument ignores is that Russia's foreign debts are declining along with its reserves -- that's what happens when the money is used to pay down state companies' obligations. Last year, for example, the combined foreign liabilities of the Russian government and companies dropped by $129.4 billion, compared with a $124.3 billion decline in foreign reserves. Beyond that, a large portion of Russian companies' remaining foreign debt is really part of a tax-evasion scheme: By lending themselves money from abroad, the companies transfer profits to lower-tax jurisdictions. Such loans can easily be extended if sanctions prevent the Russian side from paying. The declining price of oil is also less of a threat than many have warned. True, the Russian government's revenues from energy exports will fall in dollar terms. But because Russia's central bank has allowed the ruble's value against the dollar to decline, the ruble value of the revenues will be higher than they otherwise would be. As a result, Russia no longer requires $100 oil to balance its budget -- and the effect of lower oil prices on the broader economy will be muted.

Economists at the respected Gaidar Institute, for example, expect the floating of the ruble to roughly halve the negative GDP impact of the decline in oil prices. They estimate that Russian GDP will shrink by a moderate 2.7 percent this year, even if Brent oil trades at $40 (it traded at $61 today). That's just a bit more optimistic than the consensus among 39 economists polled by Bloomberg between Feb. 20 and Feb. 25: On average, they see a decline of 4 percent. Economic sanctions, which most forecasts assume will continue this year, are having less impact that many in the West would like to believe. Sergei Tsukhlo of the Gaidar Institute estimates that the sanctions have affected only 6 percent of Russian industrial enterprises. "Their effect remains quite insignificant despite all that's being said about them," he wrote, noting that trade disruptions with Ukraine have been more important.

US Trade Representative Michael Froman is drawing fire from Congressional Democrats for the Obama adminstration’s continued imposition of secrecy surrounding the Trans-Pacific Parternship. (Photo: AP file) Democratic lawmaker says tightly-controlled briefings on Trans-Pacific Partnership deal are aimed at keeping US constituents ignorant about what’s at stake Lawmakers in Congress who remain wary of the Trans-Pacific Partnership (TPP) trade agreement are raising further objections this week to the degree of secrecy surrounding briefings on the deal, with some arguing that the main reason at least one meeting has been registered “classified” is to help keep the American public ignorant about giveaways to corporate interests and its long-term implications.

As The Hill reports: Members will be allowed to attend the briefing on the proposed trade pact with 12 Latin American and Asian countries with one staff member who possesses an “active Secret-level or high clearance” compliant with House security rules. Rep. Rosa DeLauro (D-Conn.) told The Hill that the administration is being “needlessly secretive.” “Even now, when they are finally beginning to share details of the proposed deal with members of Congress, they are denying us the ability to consult with our staff or discuss details of the agreement with experts,” DeLauro told The Hill. Rep. Lloyd Doggett (D-Texas) condemned the classified briefing. “Making it classified further ensures that, even if we accidentally learn something, we cannot share it. What is [Froman]working so hard to hide? What is the specific legal basis for all this senseless secrecy?” Doggett said to The Hill. “Open trade should begin with open access,” Doggett said. “Members expected to vote on trade deals should be able to read the unredacted negotiating text.”

“I’m not happy about it,” Rep. Alan Grayson (D-Fla.) told the Huffington Post, referring to the briefing with Froman and Labor Secretary Thomas Perez on Wednesday. The meeting—focused on the section of the TPP that deals with the controversial ‘Investor-State Dispute Settlement’ (ISDS) mechanism—has been labeled “classified,” so that lawmakers and any of their staff who attend will be barred, under threat of punishment, of revealing what they learn with constituents or outside experts. According to the Huffington Post: ISDS has been part of U.S. free trade agreements since NAFTA was signed into law in 1993, and has become a particularly popular tool for multinational firms over the past few years. But while the topic remains controversial, particularly with Democrats, many critics of the administration emphasize that applying national security-style restrictions on such information is an abuse of the classified information system. An additional meeting earlier on Wednesday on currency manipulation with Froman and Treasury Secretary Jack Lew is not classified.

The Israeli Air Force assassinated, on Saturday at night, the former political prisoner and senior Hezbollah leader, Samir al-Kuntar, in an air strike in the Jermana area of the Syrian capital Damascus.

The Hezbollah party in Lebanon said the Israeli Air Force violated Syrian air space at around 10:30 at night, and fired five missiles into a residential building, killing six people, including al-Kuntar, and wounding at least twelve others. The Civil Defense Forces in Jermana said two Israeli war jets violated Syrian airspace and struck the building with four missiles. Initial reports were first unconfirmed, but his brother later announced on his Twitter account the confirmed dead of al-Kuntar. Samir al-Kuntar spent 29 years in Israeli prisons, and was released on July 16 2008, under a prisoner-swap agreement reached through negotiation between Hezbollah and the Israeli government through a third party. As part of the agreement, Israel released al-Kuntar and four other Hezbollah members, who were taken prisoner during the July 2006 war between Hezbollah and Israel, in which Israeli troops invaded and bombed Southern Lebanon, and Hezbollah fired rockets across the border into Israel. Hezbollah is the leading party in southern Lebanon, and has a fighting force that works to deflect further Israeli invasions into Lebanon.

The 2008 agreement also included the transfer of the remains of 199 fighters, including Palestinian and Lebanese fighters, in exchange for Hezbollah releasing the remains of Israeli soldiers killed during the war. Retired Israeli major general and current Member of Knesset (Parliament) with the Zionist Union party, Major. Gen. Eyal Ben-Reuven, hailed the reports of the assassination, and said that the Air Force and all others involved in the incident “should be commended for the successful operation.” Ben-Reuven, the former head of the Northern Command on the Israeli army, said the Israeli government is preparing for retaliatory attacks by Hezbollah. Israel held al-Kuntar responsible for the April 22nd 1979 attack that led to the death of four Israelis: a police officer, an Israeli civilian and his 4-year-old daughter, while the man’s other daughter, 2, was accidentally suffocated by her mother, while trying to keep her quiet. The attackers allegedly kidnapped the family in Nahariya and took them to a beach, then tried to load their hostages on a rubber boat.

cuador is in the eye of the storm. Obama's earlier 2010 attempt to forcibly unseat popular President Rafael Correa failed.  He's trying again. Ecuadorean democracy is being attacked. Since early June, US-orchestrated right-wing protests (mainly in Quito and Guayaquil) erupted. They continue at times violently to replace Correa with fascist rule. They began on the pretext of announced higher inheritance and capital gains taxes affecting about 2% of the population - the Law to Redistribute the Wealth now being debated after Correa halted its implementation to make rich Ecuadorians pay more along with creating more social enterprises, collectives and cooperatives.  Protest leaders want Correa forcibly ousted. Interior Minister Jose Serrano revealed a plot to storm the presidential palace, block airports and bridges on the Colombian and Peruvian borders, as well as attack security forces.

Serrano said opposition lawmakers Andres Paez and Lourdes Tiban conspired with former Col. Mario Pazmino to instigate violence and chaos during protests. Pazmino was former army military intelligence head - "very close to the CIA," according to Correa. In 2008, he was sacked for colluding with Colombia's bombing of Ecuador.

On Thursday, violent clashes erupted. Right-wing extremists attacked Ecuadorean police near Quito's presidential palace. Their plan to breach their lines failed. Four officers sustained injuries.

Greece and the troika (the International Monetary Fund, the EU, and the European Central Bank) are in a dangerous game of chicken. The Greeks have been threatened with a “Cyprus-Style prolonged bank holiday” if they “vote wrong.” But they have been bullied for too long and are saying “no more.”

A return to the polls was triggered in December, when the Parliament rejected Prime Minister Antonis Samaras’ pro-austerity candidate for president. In a general election, now set for January 25th, the EU-skeptic, anti-austerity, leftist Syriza party is likely to prevail. Syriza captured a 3% lead in the polls following mass public discontent over the harsh austerity measures Athens was forced to accept in return for a €240 billion bailout. Austerity has plunged the economy into conditions worse than in the Great Depression. As Professor Bill Black observes, the question is not why the Greek people are rising up to reject the barbarous measures but what took them so long. Ireland was similarly forced into an EU bailout with painful austerity measures attached. A series of letters has recently come to light showing that the Irish government was effectively blackmailed into it, with the threat that the ECB would otherwise cut off liquidity funding to Ireland’s banks. The same sort of threat has been leveled at the Greeks, but this time they are not taking the bait.

The veiled threat to the Greek Parliament was in a December memo from investment bank Goldman Sachs – the same bank that was earlier blamed for inducing the Greek crisis. Rolling Stone journalist Matt Taibbi wrote colorfully of it: The first thing you need to know about Goldman Sachs is that it’s everywhere. The world’s most powerful investment bank is a great vampire squid wrapped around the face of humanity, relentlessly jamming its blood funnel into anything that smells like money. In fact, the history of the recent financial crisis, which doubles as a history of the rapid decline and fall of the suddenly swindled dry American empire, reads like a Who’s Who of Goldman Sachs graduates.

German Chancellor Angela Merkel doesn’t oppose Greece leaving the eurozone. Talks about the possibility of Greece leaving the eurozone have gained renewed urgency after 30.4 % of polled Greeks said they would vote for Syriza, suggesting a chance that the left-wing party that runs on a platform of renegotiating bailout terms and national sovereignty as well as social justice could win the Greek snap parliamentary elections on January 25.

German Chancellor Angela Merkel said, according to the German magazine Der Spiegel, that Germany wouldn’t oppose a Greek exit from the eurozone if the people of Greece voted a party to power that opposes the current austerity measures in the country which came as conditionalities along with a EU and IMF bailout. Both Chancellor Merkel as well as German Finance Minister Wolfgang Schäuble reportedly believe that such a decision and development would be bearable for Germany as well as for the other eurozone member States. The Chancellor and the Finance Minister were cited as referring to progress made in the eurozone since 2012.

EUropean shares and bonds dropped last week after the Greek parliament rejected the current Prime Minister Antonius Samaras’ presidential candidate and set the country on a course towards snap parliamentary elections on January 25. A recent poll showed that the governing PASOK and New Democracy coalition had suffered substantial losses in popular support after they agreed to the EU/IMF bailout and associated conditions that have driven a large percentage of the middle class into abject poverty. Another issue that is hotly debated among Greeks is the loss of sovereignty over the county’s economic and fiscal policy, and domestic affairs, including social policies.

According to a survey made by Gallup, Vladimir Putin’s popularity increased by 29 percent compared with 2013 data, when 54 percent of Russians surveyed approved his role as leader of the country. Gallup attributed recent nationalism following Crimea's incorporation into Russia and the Sochi Winter Olympic Games to explain the rise in Putin’s popularity to 83 percent, despite the economic trouble that his nation currently faces due to the drop in oil prices. “Despite U.S. and European sanctions earlier this year over Moscow's intervention in Ukraine, more Russians see their economy getting better now than has been the case since 2008,” said Gallup. This week, US President Barack Obama acknowledged a strategy to weaken Russia’s economy through sanctions as well as a drop in oil prices.

“For the first time since 2008, a majority of Russians (73%) believe their country's leadership is leading them in the right direction. This renewed faith is apparent in their record-level confidence in the country's military (78%), their national government (64%), and honesty of elections (39%),” states the survey. Gallup also revealed that Russians also expressed increased satisfaction with their lifestyles. In 2014, a record-high 65 percent of Russians said they were satisfied with their freedom.

Venezuelan President Nicolas Maduro looks set to pass landmark legislation aimed at shielding the country from continued US aggression, after the Venezuelan parliament approved his request for temporary decree powers on Sunday.  Officially submitted to parliament last week, the petition was a response to the release of an Executive Order from the White House which classified Venezuela as an “extraordinary threat to U.S. national security”. The designation was preceded by a series of sanctions against Venezuelan officials enacted by the Obama administration, which cited unsubstantiated allegations of human rights abuses.  Venezuela and almost all countries in the Latin American region have interpreted the move as an act of interference and aggression. 

Venezuelans Mobilize in Marches and Military Exercises in Defense of Sovereignty Against U.S. Aggression

UNASUR Rejects US Aggressions on Venezuela Mar 16th Venezuelan Social Movements Take to the Streets to Oppose U.S. Aggression Mar 13th Venezuelan Assembly Grants Executive Powers while Military Drills in Defensive Exercises

Over 100,000 Venezuelans mobilized throughout the country for a series of national military exercises in defense of their national sovereignty on Saturday.

The exercise featured the participation of 20,000 civilian volunteers who joined an additional 80,000 soldiers of the Bolivarian National Armed Forces in nationwide preparations for a potential U.S. aggression against the Bolivarian Republic.  Alongside active duty soldiers participated members of the Bolivarian Militia, which was expanded by over 35,000 members by President Chávez in 2010. The Bolivarian Militia represents the foundation of a popular “civic-military alliance” that has kept the Bolivarian Revolution in power amid repeated efforts to overthrow the government, including the reversed 2002 coup backed by the United States. 

Bolivarian soldiers and civilians additionally welcomed the participation of a contingent of Russian soldiers and naval craft, who assisted in exercises testing Venezuela’s air defense system, which included the launching of Russian-made BM-30 Smerch ground to air missiles.  The defensive preparations inaugurated on Saturday will continue over the course of ten days, encompassing approximately 30 exercises. 

Despite an ongoing media circus in the West portraying a “popular uprising” in Hong Kong, China – in reality the Chinese people and particularly the citizens of Hong Kong have grown tired of the unrest.

After popular demand, the Public Opinion Programme (HKU POP) of the University of Hong Kong conducted a poll asking whether or not the “Occupy Central” movement should come to an end. An overwhelming 80% said yes with HKU POP stating specifically, “almost 80% called for an end to the occupation.” Bloomberg in their article, “Most Hong Kong People Want Pro-Democracy Protests to End Now,” would also admit: About 68 percent of 513 respondents said the government should clear the protesters immediately, according to a survey conducted by the University of Hong Kong Nov. 17-18.

Surely, with “Occupy Central” claiming to be a “pro-democracy” movement, it will heed the will of the people and voluntarily withdraw from Hong Kong’s streets indefinitely. However, despite the wording of Bloomberg’s headline, those blocking up Hong Kong’s streets are not “pro-democracy.” The backlash against “Occupy Central” is not the Hong Kong public turning on “pro-democracy” protesters but rather the Hong Kong public understanding “Occupy Central” has nothing at all to do with democracy in the first place. The degree to which the “Occupy Central” has been exposed as a foreign-backed political destabilization is so complete that there is little likelihood that such a destabilization will be possible in Hong Kong, or anywhere else inside of China well into the foreseeable future. Leaders including Benny Tai and Joshua Wong have all been linked to US State Department funded organizations, projects, and campaigns. “Occupy Central” leaders including Martin Lee and Anson Chan literally were in Washington D.C. earlier this year lobbying for US support in front of the very organizations funding the political activity of virtually every prominent “Occupy Central” leader. Even HKU POP has been implicated in “dirty money” used to qualify an ad hoc referendum carried out by “Occupy Central” ahead of the recent protests.

Iraqi Shi'ite militias were massing troops on Monday to cut remaining supply routes to Mosul, Islamic State's last major stronghold in Iraq, closing in on the road that links the Syrian and Iraqi parts of its self-declared caliphate.Five weeks into the U.S.-backed offensive on Mosul, Islamic State is fighting in the area of Tal Afar, 60 km (40 miles) to the west, against a coalition of Iranian-backed groups known as Popular Mobilisation forces.Cutting the western road to Tal Afar would seal off Mosul as the city is already surrounded to the north, south and east by Iraqi government and Kurdish peshmerga forces.

Scholars of terrorism credit a specific 1979 symposium in Jerusalem as a turning point in the U.S. and international usage of “terrorism” as we understand it today. The Jonathan Institute, founded following the death of Benjamin Netanyahu’s brother Yonatan during a raid to rescue hostages from a PLO hijacking, hosted a 1979 conference in Jerusalem— and a follow up in 1984 in Washington—on “International Terrorism.” Directed by Benjamin Netanyahu, the Jonathan Institute maintained close ties to the Israeli government. Current and former Israeli officials across the political spectrum—including Golda Meir, Menachem Begin, Yitzhak Rabin, Ezer Weizman, Moshe Dayan, and Shimon Peres—dominated its administrative committee. Lisa Stampnitsky, in her 2013 book Disciplining Terror, discusses how the Jonathan Institute helped internationalize Israel’s use of the term to describe terrorist violence as both irrational and illegitimate in both means and ends, and as primarily targeting democracies and “the West.” Previously, she notes, terrorism referred largely to rational political violence, either state or individual, and was dealt with as an issue of criminality and law. The shift helped Israel delegitimize the political aims of certain groups, such as the Palestinian resistance to its colonization and territorial occupation. One cannot be a “freedom fighter” if one’s political aims are demonized as illegitimate or irrational. Stampnitsky argues that the shift to using terrorism to describe violence outside the law also set the stage for retaliatory strikes (such as the 1986 U.S. air strikes in Libya in response to a bombing at a Berlin disco that killed an American soldier) and eventually for the doctrine of preemptive force that has characterized the post-9/11 “War on Terror.”

Israel’s role in the development of a specifically anti-Muslim discourse of terrorism is deeply intertwined with the foreign policies of American politicians. As Deepa Kumar and others have pointed out, American neocons and Israel’s Likud party jointly developed a shared language around Islamic terrorism. The 1979 Jonathan Institute conference was attended by prominent American officials and political figures, including future President George H.W. Bush and representatives of the American Enterprise Institute, the Center for Strategic and International Studies, and Commentary magazine who brought the ideas, and later a follow-up conference, back to the U.S. Intended to serve as an intervention into the international discourse on terrorism, the explicit aim of the Jerusalem conference was to awaken the Western world to the problem of terrorism as defined by the conference organizers. It contributed to entrenching in the minds of American conservatives what was popularized a few years later as the “clash of civilizations,” firmly situating Israel in the category of Western democracies threatened by Soviets and Palestinians. The follow-up conference in the United States in 1984 went further by emphasizing the relationship between Islam and terror. As Netanyahu himself wrote in the book that came out of the conference: “the battle against terrorism was part of a much larger struggle, one between the forces of civilization and the forces of barbarism.” Then, as now, Netanyahu presented Israel as the bulwark against terrorism, a specific kind of illegitimate political violence that threatens not just Israel but all democracies and the Western world.

Echoes of this framing of the debate on terrorism can be found in how Western politicians, including Netanyahu and Trump, discuss the issue. Terrorism, which has no single agreed-upon definition in U.S. or international law, now serves as a moniker applied to all violence that established states deem illegitimate. Most often these days, Western democracies use “terrorism” to describe violence committed by Muslims. As journalist Glenn Greenwald writes, “In other words, any violence by Muslims against the West is inherently ‘terrorism,’ even if targeted only at soldiers at war and/or designed to resist invasion and occupation.” The term functions not as a descriptive tool but an ideological one. It doesn’t merely identify a particular kind of violence. It justifies and even requires a particular kind of forceful response by the state. Israel today presents itself as the world’s expert on counterterrorism. It maintains a profitable security industry predicated on selling expertise and technology tested in its interactions with Palestinians. American tax dollars have been funneled into this industry through U.S. military aid, over 25% of which Israel was allowed to spend domestically (the new military aid deal signed by the Obama White House will phase out this allowance over the next 10 years, sending the rest of the $3.8 billion per year to U.S. defense contractors). The United States and Israel collaborate on counterterrorism initiatives, including joint military exercises and police exchange programs. Here tactics and skills are developed and exchanged for surveillance and violent repression of protests that primarily impact Muslims and people of color in the U.S. and Palestinians and Black Jews in Israel.

The practical consequence of solving this problem is that Bitcoin gives us, for the first time, a way for one Internet user to transfer a unique piece of digital property to another Internet user, such that the transfer is guaranteed to be safe and secure, everyone knows that the transfer has taken place, and nobody can challenge the legitimacy of the transfer. The consequences of this breakthrough are hard to overstate. What kinds of digital property might be transferred in this way? Think about digital signatures, digital contracts, digital keys (to physical locks, or to online lockers), digital ownership of physical assets such as cars and houses, digital stocks and bonds … and digital money. All these are exchanged through a distributed network of trust that does not require or rely upon a central intermediary like a bank or broker. And all in a way where only the owner of an asset can send it, only the intended recipient can receive it, the asset can only exist in one place at a time, and everyone can validate transactions and ownership of all assets anytime they want.

Denmark's Prime Minister announced a sweeping Cabinet reshuffle on Monday after her coalition collapsed over a deal involving United States investment bank Goldman Sachs. Six ministers from the leftist Socialist People's Party left Ms Helle Thorning-Schmidt's government Thursday over the controversial sale of a stake in state-controlled utilities giant DONG Energy to a group of investors led by the bank. The deal sparked an outcry few had anticipated amid fears Goldman Sachs could use tax havens to administer their holding in DONG and claims that the investment bank had been given unusually favourable terms. In a country of 5.6 million people, just under 200,000 have signed a petition protesting the sale of the company to a bank that has become a popular symbol of Wall Street excess after one US journalist dubbed it "the vampire squid".

The British government can tap into the cables carrying the world’s web traffic at will and spy on what people are doing on some of the world’s most popular social media sites, including YouTube, all without the knowledge or consent of the companies.Documents taken from the National Security Agency by Edward Snowden and obtained by NBC News detail how British cyber spies demonstrated a pilot program to their U.S. partners in 2012 in which they were able to monitor YouTube in real time and collect addresses from the billions of videos watched daily, as well as some user information, for analysis. At the time the documents were printed, they were also able to spy on Facebook and Twitter.

Called “Psychology A New Kind of SIGDEV" (Signals Development), the presentation includes a section that spells out “Broad real-time monitoring of online activity” of YouTube videos, URLs “liked” on Facebook, and Blogspot/Blogger visits. The monitoring program is called “Squeaky Dolphin.”Experts told NBC News the documents show the British had to have been either physically able to tap the cables carrying the world’s web traffic or able to use a third party to gain physical access to the massive stream of data, and would be able to extract some key data about specific users as well.

The FBI has seized the entire email database of a popular anonymous webmail service called TorMail meaning that all those secret mails now can be read by the US government. The database was taken while investigating a hosting company known for sheltering child porn last year and now the FBI claims that it has uncovered a vast trove of email which can be used in unrelated investigations. Taken from Freedom Hosting, the database surfaced in court papers last week when prosecutors indicted a Florida man for allegedly selling counterfeit credit cards online. The untouchables built a case in part by executing a search warrant on a Gmail account used by the counterfeiters, where they found that orders for forged cards were being sent to a TorMail e-mail account: "platplus@tormail.net." They then obtained a search warrant for the TorMail account, and then accessed it from the bureau's own copy of "data and information from the TorMail email server, including the content of TorMail email accounts." In othe rwords, the FBI is gathering information into a virtual lock box, and leaving it there until it can obtain specific authority to tap it later. So far it is not searching the trove for incriminating evidence before getting a warrant. But now it has a copy of the TorMail's servers, the bureau can execute endless search warrants.

Here's the US's exceptionalist promotion of "democracy" in action; Washington has recognized a coup d'etat in Ukraine that regime-changed a - for all its glaring faults - democratically elected government. And here is Russian President Vladimir Putin, already last year, talking about how Russia and China decided to trade in roubles and yuan, and stressing how Russia needs to quit the "excessive monopoly" of the US dollar. He had to be aware the Empire would strike back. Now there's more; Russian presidential adviser Sergey Glazyev <a href='http://asianmedia.com/GAAN/www/delivery/ck.php?n=a9473bc7&cb=%n' target='_blank'><img src='http://asianmedia.com/GAAN/www/delivery/avw.php?zoneid=36&cb=%n&n=a9473bc7&ct0=%c' border='0' alt='' ></a> told RIA Novosti, "Russia will abandon the US dollar as a reserve currency if the United States initiates sanctions against the Russian Federation." So the Empire struck back by giving "a little help" to regime change in the Ukraine. And Moscow counter-punched by taking control of Crimea in less than a day without firing a shot - with or without crack Spetsnaz brigades (UK-based think tanks say they are; Putin says they are not).

Putin's assessment of what happened in Ukraine is factually correct; "an anti-constitutional takeover and armed seizure of power". It's open to endless, mostly nasty debate whether the Kremlin overreacted or not. Considering the record of outright demonization of both Russia and Putin going on for years - and now reaching fever pitch - the Kremlin's swift reaction was quite measured. Putin applied Sun Tzu to the letter, and now plays the US against the EU. He has made it clear Moscow does not need to "invade" Ukraine. The 1997 Ukraine-Russia partition treaty specifically allows Russian troops in Crimea. And Russia after all is an active proponent of state sovereignty; it's under this principle that Moscow refuses a Western "intervention" in Syria. What he left the door open for is - oh cosmic irony of ironies - an American invention/intervention (and that, predictably, was undetectable by Western corporate media); the UN's R2P - "responsibility to protect" - in case the Western-aligned fascists and neo-nazis in Ukraine threaten Russians or Russian-speaking civilians with armed conflict. Samantha Power should be proud of herself.

The "West" once again has learned you don't mess with Russian intelligence, which in a nutshell preempted in Crimea a replica of the coup in Kiev, largely precipitated by UNA-UNSO - a shady, ultra-rightwing, crack paramilitary NATO-linked force using Ukraine as base, as exposed by William Engdahl. And Crimea was an even murkier operation, because those neo-nazis from Western Ukraine were in tandem with Tatar jihadis (the House of Saud will be heavily tempted to finance them from now on). The Kremlin is factually correct when pointing out that the coup was essentially conducted by fascists and ultra-right "nationalists" - Western code for neo-nazis. Svoboda ("Freedom") party political council member Yury Noyevy even admitted openly that using EU integration as a pretext "is a means to break our ties with Russia." Western corporate media always conveniently forgets that Svoboda - as well as the Right Sector fascists - follow in the steps of Galician fascist/terrorist Stepan Bandera, a notorious asset of a basket of "Western" intel agencies. Now Svoboda has managed to insert no less than six bigwigs as part of the new regime in Kiev.

My favorite story indicating the depth and degree of Obama’s loyalty to the wealthy Few comes from the spring of 2009. In his important book Confidence Men: Wall Street, Washington, and the Education of a President (2011), the Pulitzer Prize-winning author Ron Suskind tells a remarkable story from March of 2009. Three months into Barack Obama’s supposedly progressive, left-leaning presidency, popular anger at Wall Street was intense and the nation’s leading financial institutions were weak and on the defensive in the wake of the financial collapse and recession they had created. The new president called a meeting of the nation’s top 13 financial executives at the White House. The banking titans came into the meeting full of dread. As Suskind noted: “They were the CEOs of the thirteen largest banking institutions in the United States… And they were nervous in ways that these men are never nervous. Many would have had to reach back to their college days, or even grade school, to remember a moment when they felt this sort of lump-in-the-throat tension…As some of the most successful men in the country, they weren’t used to being pariahs… [and] they were indeed pariahs. The populist backlash against the financial sector—building steadily since September—was finally beginning to cause grave discomfort on Wall Street. As unemployment ballooned and credit tightened, the country began to look inward, toward the origins of the panic and its disastrous consequences.”

In the end, however, the anxious captains of high finance left the meeting pleased to learn that Obama was totally in their camp. For instead of standing up for those who had been harmed most by the crisis—workers, minorities, and the poor – Obama sided unequivocally with those who had caused the meltdown. “My administration is the only thing between you and the pitchforks,” Obama said. “You guys have an acute public relations problem that’s turning into a political problem. And I want to help…I’m not here to go after you. I’m protecting you…. I’m going to shield you from congressional and public anger.” For the banking elite who destroyed millions of jobs in their lust for profit, there was, as Suskind puts it, “Nothing to worry about. Whereas [President Franklin Delano] Roosevelt had [during the Great Depression] pushed for tough, viciously opposed reforms of Wall Street and famously said ‘I welcome their hate,’ Obama was saying ‘How can I help?’” As one leading banker told Suskind, “The sense of everyone after the meeting was relief. The president had us at a moment of real vulnerability. At that point, he could have ordered us to do just about anything and we would have rolled over. But he didn’t – he mostly wanted to help us out, to quell the mob.” When “the bankers arrived in the State Dining Room,” Suskind notes, “Obama had them scared and ready to do almost anything he said…. An hour later, they were upbeat, ready to fly home and commence business as usual” (Confidence Men).

This remarkable episode happened in the White House in a time when, to repeat, the Democrats held the majority in both houses of Congress along with an angry populace ready with good reason for Wall Street and 1% blood. And what did the populace get from this seemingly progressive alignment of the stars? The venerable left liberal journalist William Grieder put it very well in a March 2009 Washington Post Op-Ed: “a blunt lesson about power, who has it and who doesn’t.” Americans “watched Washington rush to rescue the very financial interests that caused the catastrophe. They learned that government has plenty of money to spend when the right people want it. ‘Where’s my bailout,’ became the rueful punch line at lunch counters and construction sites nationwide. Then to deepen the insult, people watched as establishment forces re-launched their campaign for ‘entitlement reform’ – a euphemism for whacking Social Security benefits, Medicare and Medicaid.”

One system builds profiles showing people’s web browsing histories. Another analyzes instant messenger communications, emails, Skype calls, text messages, cell phone locations, and social media interactions. Separate programs were built to keep tabs on “suspicious” Google searches and usage of Google Maps. The surveillance is underpinned by an opaque legal regime that has authorized GCHQ to sift through huge archives of metadata about the private phone calls, emails and Internet browsing logs of Brits, Americans, and any other citizens  all without a court order or judicial warrant.

The power of KARMA POLICE was illustrated in 2009, when GCHQ launched a top-secret operation to collect intelligence about people using the Internet to listen to radio shows. The agency used a sample of nearly 7 million metadata records, gathered over a period of three months, to observe the listening habits of more than 200,000 people across 185 countries, including the U.S., the U.K., Ireland, Canada, Mexico, Spain, the Netherlands, France, and Germany.

GCHQ’s documents indicate that the plans for KARMA POLICE were drawn up between 2007 and 2008. The system was designed to provide the agency with “either (a) a web browsing profile for every visible user on the Internet, or (b) a user profile for every visible website on the Internet.” The origin of the surveillance system’s name is not discussed in the documents. But KARMA POLICE is also the name of a popular song released in 1997 by the Grammy Award-winning British band Radiohead, suggesting the spies may have been fans. A verse repeated throughout the hit song includes the lyric, “This is what you’ll get, when you mess with us.”

As German Chancellor Angela Merkel has said, loans must be repaid. In principle, of course, she is right, but there are extenuating circumstances, including that the lenders baited the trap in which the Greeks have fallen. The lenders offered loans when they should have known that the borrowers had little chance of repaying them.Sometimes in Greece – as, for example, in Latin America – bank officers encouraged borrowing because they got bonuses for generating business, a common banking practice. Other loans were made for political purposes. Some also had “security” aspects.Collectively, the Greeks are “guilty” of accepting the loans. They should have known how hard it would be to repay them. Some, prudently, refused, but when the loans temporarily created a minor boom, almost everyone was swept up in the euphoria.

And the Greeks were not alone. Other heavy borrowers included the governments and peoples of Spain, Portugal, Italy and Ireland. This is what makes the current crisis more than just a Greek problem.Internationally, there are already signs that lenders are reacting to the Greek vote in panic. If one country that borrowed heavily is defaulting, they ask, which other heavily-borrowing country is likely to be next? Many have suggested it will be Spain. Apparently a number of lenders believe that popular Spanish movements resemble the coalition of groups supporting Greek Prime Minister Alexis Tsipras’s Syriza. The bankers may not particularly care about the politics or ideology, but they fear the turmoil.Bankers are usually noted for their prudence (especially when the risks of non-payment are readily apparent). And prudence argues for either making no new loans or even calling in those already made. This could dramatically harm the Spanish economy where already in this year nearly one in four workers could not find a job.So, it’s clear that the time of danger is here. What about the time for statesmanship? Ironically, the lenders do not seem to have yet understood that the “No” vote could save the Euro, save Greece – and potentially save Spain, Italy, Portugal and Ireland. Why is that so?

It is so because having secured his support at home, Prime Minister Tsipras can now afford to negotiate a sensible deal. And, having seen that Tsipras survived what amounted to a vote-of-no-confidence and would have meant his political removal if he had lost, Chancellor Merkel and French President Francois Hollande now realize that they must negotiate a sensible deal with Tsipras if they are to save the Euro and potentially the European Union.What would be the basis of a compromise? While there are details of considerable complexity, the heart of the matter is reasonably simple:First, Greece cannot repay the huge debt in the foreseeable future. That would have been true even if the Greeks had voted “yes.” Put starkly, the IMF, the European Central Bank and other creditors must forgive a large part of the Greek debt. They probably will choose to disguise “forgiveness” by calling it an extension into the remote future.