Say Goodbye To Income Equality

Wall Street Journal Reports: Income Inequality a “Key Issue” for Global Economy. Absolutely. Hands down, no questions asked. Without income equality and a strong middle class no nation or its economy can function properly for very long. Unfortunately, over the last two decades the FED has been hell bent on destroying the middle class for the benefit of the rich and powerful. Now we find ourselves in the economy where the 85 richest people have more wealth than the bottom 3.5 Billion people.

Will this trend change anytime soon? 

Not a chance. If we look at the actions of the Federal Reserve, they will perpetuate this trend until people get fed up and demand change. Until that time, they will continue to inflate the markets while providing free credit to the top 1-5%. Enriching them in the process. Unfairly I might add. As for you? Better luck next time. Either get rich or you will be stuck in this “income inequality conundrum” for the foreseeable future. A sad  state of affairs. 

Oh, I almost forgot, if you need someone to blame, blame Greenspan, Bernanke and Yellen. 

income inequality investwithalex

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Say Goodbye To Income Equality  Google

 

Income Inequality a ‘Key Issue’ for Global Economy

Income inequality is becoming a bigger issue on the global stage, with the IMF out this week saying it is one of the biggest challenges to global growth

“It’s a serious economic and political issue,” Eswar Prasad, author of the book “The Dollar Trap”, said this morning on the MoneyBeat show. “I’ve seen it close up-front in emerging markets.” When the people perceive that the vast majority of a nation’s wealth is going to small minority at the top, it erodes the desire for reform.

“Dealing with inequality is going to be a key issue in the years ahead,” he said. “Social instability is a major concern, not just in the advanced economies, but in many other emerging markets.”

Turning to China, where Premier Li warned about a wave of bankruptcies as the nation tries to introduce market-based reforms, Mr. Prasad said, “they’re playing a very dangerous game but one that they have no choice but to play.”

74% Of Americans Believe The US Is Still In Recession

That’s staggering. Just think about it. The stock market is up over 150%, the FEDs expanded their balance sheet by over $1 Trillion, the real estate market is enjoying its “dead cat bounce”, the unemployment is down to 6.6%….yet 74% of Americans believe we are still in recession. Of course, the gains we have seen over the last 5 years have disproportionately benefited the rich due to their access to cheap credit and their ability to speculate.  

The question is, what happens when the US actually falls back into a severe recession of 2014-2017 that we are predicting here? (Based on our timing and mathematical work) 

Will the Amercian public finally turn off the “American Idol” or “The Biggest Loser” and start asking questions about the US Economy and who is responsible? That would be nice, but I have my doubts. Even some of the most sophisticated investors that I talk to do not have a grasp of what is happening within our economy or our financial markets.  As such, I would expect this cycle of boom, bust, money print, boom, bust, money print…..to continue for the foreseeable future. 

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74% Of Americans Believe The US Is Still In Recession Google

 

Seventy-four percent of Americans believe that the nation is still in a recession, which may be a sign that the lower and middle classes are still anxious about unemployment, the value of their homes and stagnant wages.

 

In a new Fox News poll, when asked “For you and your family, does it feel like the recession is over, or does it feel like the country is still in a recession?” only 22% said they believed the downturn had ended. The 74% is better than the 86% from the poll in September 2010, but only barely, if the “improvements” in gross domestic product and unemployment rates are taken into account.

The results are troubling if people’s beliefs affect their behavior. It has been assumed that as unemployment fells and home prices made a modest recovery, Americans would become more likely to be aggressive consumers. But recent data tell otherwise. Holiday sales were poor by most measures. There is little sign that the median household income of Americans has moved much above the $51,000 that the Census Bureau reported for 2012, and in real dollars this is down from a decade ago. A recent Pew study found that:

But starting in the mid- to late 1970s, the uppermost tier’s income share began rising dramatically, while that of the bottom 90% started to fall. The top 1% took heavy hits from the dot-com crash and the Great Recession but recovered fairly quickly: according to Emmanuel Saez, an economics professor at UC-Berkeley, preliminary estimates for 2012 (which will be updated next month) have that group receiving nearly 22.5% of all pretax income, while the bottom 90%’s share is below 50% for the first time ever (49.6%, to be precise).

While there is no direct link between the two studies, the results from the Pew research may help explain the Fox News poll results. Apparently, many Americans feel left behind whatever recovery has happened — or they do not believe the recovery ever happened at all. 

The Secret To Beating The Market & The Street.

wealth-investwithalex

Just give it up. You are not going to be able to do it. Why? Here is why…

“Virtu, a high tech, high frequency trader, makes markets in more than 10,000 securities across 210 exchanges. According to the Virtu S1, in 2013 it had revenues of $664.5 million and net income of $182 million. Virtu said it ”had only one losing trading day during the period depicted, a total of 1,238 trading days.”

Let that sink in for a second. These guys had 1 losing trading day over the last 5 years and that is who you are competing against. How is that possible? Well, in this particular case the market is rigged as Virtu is able to make a few pennies here and there with no risk. Eventually, those pennies add up to massive gains as the article above indicates. And that’s who you are competing against. Day in and day out. 

Well, that’s not entirely true. There are a few things you can do to come out on top. 

  1. Just invest an index fund and forget about it. Keep adding money on a fixed schedule, keep the cost low and you will come out way ahead. 
  2. Become a Warren Buffett type of a stock picker. Takes a lot of work, but anyone can do it. 
  3. Become a market timer. If you can predict what the stock market is going to do you going to be able to minimize risk while setting yourself up for over sized returns. 

While we used to do #2, we now specialize in #3. If you would like to learn more, please Click Here

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Fisher, The Only Honest Member Of The FED: Stocks Are At “Eye-Popping Levels”

I have a lot of respect for Richard Fisher, the head of FED Bank of Dallas. He has been consistently honest. While Greenspan, Bernanke and now Yellen tend to blow smoke up everyone’s ass, Fisher has the tendency to call it as he sees it. 

His comments (see the article below) are, once again, right on the money.  I have already demonstrated  a number of times on this blog why the stock market is incredibly overpriced…. by any measure.

While a lot of money managers would argue that the stock market is not overpriced based on simplistic P/E ratio, they are missing the point. Corporate earnings have been driven by the same credit that has been driving this stock market rally. When credit dissapears, so will the earingins. Making today’s market incredibly expensive. More expensive than 2000 and 2007.

Will that lead to a similar collapse? I am not at liberty to say due to my obligations, but you can find the answers you seek here.  

Here is just one indicator of overvaluation. 
market to gdp

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Fisher, The Only Honest Member Of The FED: Stocks Are At “Eye-Popping Levels” Google

Richard Fisher

Richard Fisher, president of the Federal Reserve Bank of Dallas, on Wednesday said he was concerned about “eye-popping levels” of some stock market metrics, and said the central bank has to monitor the signs carefully to make sure another bubble isn’t forming.

In his speech in Mexico City, Fisher said some indicators like the price-to-projected forward earnings, price-to-sales ratios and market capitalization as a percentage of GDP, are at levels not seen since the dot-com boom of the late 1990s. He noted that margin debt is pushing up against all-time records. “We must monitor these indicators very carefully so as to ensure that the ghost of ‘irrational exuberance’ does not haunt us again,” Fisher said. While a few Fed officials have mentioned unease about stock prices, Fisher’s comments are the most pointed to date.

Fisher did not spare the bond market, saying that narrow spreads between corporate and Treasury debt “reflect lower risk premia on top of already abnormally low nominal yields.” Fisher is a voting member of the Fed’s monetary policy committee this year. He has been a strong opponent of the Fed’s latest round of asset purchases.

EU Fools Throw Away $15 Billion. Just A Regular Day At The Office.

You got to love EU Bureaucratic fools. Their own Union is basically insolvent and on the verge of a collapse, yet they are doing their best to waist another $15 Billion on an illegitimate Ukrainian government that paid snipers to kill innocent people two weeks ago.

Last time I checked Cyprus and Greece were in technical default. With Italy and Spain not that far behind and with French socialist party doings its best to drive out businesses and high net worth individuals, Germany is the only sane country left. However, with EU throwing their money away, the question is……for how long? 

Also, get a load of this, “the EU package is designed to assist a committed, inclusive and reforms-oriented government in rebuilding a stable and prosperous future for Ukraine,” Don’t make me laugh EU. Say goodbye to your $15 Billion, on top of $1 Billion from the US. You will never see it again. 

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EU Fools Throw Away $15 Billion. Just A Regular Day At The Office.  Google

EU Fools

BRUSSELS (AP) — The European Union is ready to give Ukraine 11 billion euros ($15 billion) in loans and grants over the coming years to help stabilize its economy, the head of the bloc’s executive arm said Wednesday.

The aid comes on top of $1 billion in energy subsidies the United States pledged Tuesday. It will help support Kiev while it negotiates a broad bailout program with the International Monetary Fund.

The EU package is “designed to assist a committed, inclusive and reforms-oriented government in rebuilding a stable and prosperous future for Ukraine,” Commission President Jose Manuel Barroso said.

The aid will include 1.6 billion euros in loans and 1.4 billion euros in grants from the EU budget and at least 8 billion euros fresh credit from financial institutions run by or controlled by the EU and its member states, the European Investment Bank and the European Bank for Reconstruction and Development.

The package foresees helping to modernize Ukraine’s gas transit system and providing technical assistance ranging from judicial reform to assistance in preparing elections, the Commission said. The package also calls for steps to accelerate achieving visa-free travel for Ukrainians to the 28-nation bloc.

That measure, if approved, would go down particularly badly in Moscow, since Russia has sought visa-free travel to Europe for its citizen for years. Suspending discussions on that project are among the measures EU leaders will consider at an emergency meeting Thursday to punish Russia over its occupation of Ukraine’s Crimean Peninsula.

 

Coincidentally, the headline figure of $15 billion for the EU’s aid package is the same amount that Russia was prepared to grant Ukraine in loans until the government of President Viktor Yanukovych was ousted last month.

Yanukovych took the Russian loans instead of a wide-ranging trade and economic agreement with the EU, a move that fuelled the protests that led to his ouster.

Barroso said that agreement was still on the table, and the EU is prepared to provisionally grant Ukraine the benefits deriving from it before a full ratification. Ukraine’s industrial and agricultural exporters could save some 900 million euros annually through reduced tariffs, the Commission said.

“The situation in Ukraine is a test of our capability and resolve to stabilize our neighborhood and to provide new opportunities for many, not just a few,” Barroso told reporters in Brussels. “We need to be up to this challenge.”

The timeline over which the EU funds and loans would be disbursed varied from a few hundred million euros this year to multi-billions between now and 2020. The details were left vague because the situation in Ukraine is still uncertain and negotiations between Kiev and the IMF are ongoing, EU officials said.

Most disbursements will likely hinge on the formation of a new Ukrainian government after elections in May and an agreement on wide-ranging reforms with the IMF. The fund will likely insist, among other things, on a currency devaluation and a sharp hike to natural gas prices, which Ukraine subsidizes heavily.

Ukraine estimates it needs $35 billion in international rescue loans over the next two years.

Putin To Germany: Do You Want To Use Firewood For Energy?

This is precisely why the EU will never pass any sort of a sanction against Russia. Doing so would collapse fragile EU economies. They rely way too much on Russian energy and I don’t see that changing anytime soon. 

Even though this hilarious video is a few years old it strikes at the heart of the matter. In it Putin tells German officials…..

“I don’t understand your energy policy. You are against our gas, yet you do not want to develop nuclear energy. What are you going  to use for energy? Firewood?  Guess what, you have to go and get that firewood from Siberia as well”.  (Everyone laughs).  

Will the US supply EU with natural gas, oil, etc…. if Russians decide to close the pipeline? Don’t make me laugh. And that is precisely why Putin can do whatever the hell he wants in Ukraine.  

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Putin To Germany: Do You Want To Use Firewood For Energy?  Google

How Long Before All The High Flyers Crash Back To Earth

There is no shortage of stocks going absolutely crazy over the last couple of months. To the upside that is. With the likes Tesla, Google, Netflix, Green Mountain, Facebook, etc…exhibiting double and triple digit gains over the last 12 months.

Are these surges justified?

ABSOLUTELY NOT.  While is some cases the fundamentals justify the rise, for the majority of highly speculative issues the primary driver has been just that….speculation and too much cheap credit floating around. With the stock market in its final “blow off” phase and the bear market just around the corner the companies above present us with a wonderful shorting opportunity.But, not yet. When these highly speculative stocks finally break, they will do so at X market multiple, maximizing our returns. 

When?  Please check out our exact market timing forecasts here. We are almost there.  

rocket ship to the moon investiwthalex

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How Long Before All The High Flyers Crash Back To Earth Google

Future Weapons Of War. US Treasury Bonds

What would be the first thing to happen if China and the US ever go to war?

Today, one of Putin’s advisers Sergei Glazyev gave us an indication. China would immediately dump $1.3 Trillion in the US Treasury at market. Many other nations would follow immediately (sell first, ask questions later) making the US insolvent and bankrupt overnight. Surging interest rates, collapsing equity markets and devastated economy would  be the immediate result. Surely, the FED would try to backstop any such action but they will be powerless given the volume. 

In fact, this action would probably cause more economic damage than any nuclear weapon could.  

It is unfortunate that the US finds itself in such a situation, but that is the price we have to pay for today’s “fake prosperity” through monetary policy, credit infusion and speculation. Even though Sergei Glazyev is being silenced for the time being, today, he gave us a clear indication of how future wars will be fought by suggesting that Russia should dump all of its Treasure holding if the US is to impose sanctions. 

1977TreasuryBond

MOSCOW, March 4 (RIA Novosti) – An adviser to Russian President Vladimir Putin said Tuesday that authorities would issue general advice to dump US government bonds in the event of Russian companies and individuals being targeted by sanctions over events in Ukraine.

Sergei Glazyev said the United States would be the first to suffer in the event of any sanctions regime.

“The Americans are threatening Russia with sanctions and pulling the EU into a trade and economic war with Russia,” Glazyev said. “Most of the sanctions against Russia will bring harm to the United States itself, because as far as trade relations with the United States go, we don’t depend on them in any way.”

Glazyev noted that Russia is a creditor to the United States.

“We hold a decent amount of treasury bonds – more than $200 billion – and if the United States dares to freeze accounts of Russian businesses and citizens, we can no longer view America as a reliable partner,” he said. “We will encourage everybody to dump US Treasury bonds, get rid of dollars as an unreliable currency and leave the US market.”

According to US Treasury data from the end of 2013, Russian investments in US government bonds total around $139 billion out of a total of $5.8 trillion of US debt held in foreign hands.

US Secretary of State John Kerry on Saturday warned that Russian military interventions in Ukraine, which have been justified by the Kremlin as protection for residents in heavily ethnic Russian-populated regions, could result in “serious repercussions” for Moscow.

“Unless immediate and concrete steps are taken by Russia to deescalate tensions, the effect on US-Russian relations and on Russia’s international standing will be profound,” Kerry said.

Kerry mentioned economic sanctions, visa bans and asset freezes as possible measures.

Former deputy energy minister and lively government critic Vladimir Milov slammed Glazyev’s remarks, saying they would put further downward pressure on the ruble, which was pushed down Monday to a record low of 36.5 against the dollar amid fears about the possible outbreak of war.

“That idiot Glazyev will keep talking until the dollar is worth 60 [rubles],” Milov wrote on his Twitter account.

A high-ranking Kremlin source was quick to distance his office from Glazyev’s remarks, however, insisting to RIA Novosti that they represented only his personal position.

Glazyev was just expressing his views as an academic, and not as a presidential adviser, the Kremlin insider said.

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Stock Market Update. March 3rd, 2014

z8

3/3/2014 – The volatility is back with the Dow Jones down -153 points (-0.94%) and the Nasdaq down -31 points (0.72%). 

While the rest of the world blames Ukraine and Russia we know better than that. The stock market is tracing out its exact structure. Throughout last week I have warned you that the volatility will back due to a number of significant points of force arriving throughout March. What we are seeing today is clear evidence of that…not in terms of downside, but in terms of volatility. With VIX (volatility index) up 16% today alone and interference patterns abound, March will remain a highly volatile month. 

The question everyone is asking….will this be the start of the bear market?

In terms of bear market structure, my mathematical and timing work show, and I continue to believe, today’s gap down must be closed before this up leg from XXXX completes itself and the bear market resumes. In fact, in our weekly update I presented you with an exact price target that must be achieved before the market turns around. I see very little evidence that such a point will not be reached. .

Further, my analysis shows that Ukraine’s hostilities will die down over the next few days, allowing the market some time to close its gap, recover it’s losses and to push higher to our target below.

As reported over the weekend, at this stage I have a number of very strong indications that the market will hit this point before turning around.

Date: XXXX
Price Target: XXXX

(*** Please Note: About 75% of the information contained within this section has been deliberately removed. Particularly, exact dates and prices of the upcoming turning points. As well as trading forecasts associated with them. I deem such information to be too valuable to be released onto the general public.  As such, this information is only available to my premium subscribers. If you are a premium subscriber please Click Here to log in. If  you would be interested in becoming a subscriber and gaining access to the most accurate forecasting service available anywhere, a forecasting service that gives you exact turning points in both price and time, please Click Here to learn more.Subscription is through lottery only. Don’t forget, we have a risk free 14-day trial). 

Hence, I suggest the following positioning over the next few days/weeks to minimize the risk while positioning yourself for a forecasted market action.

If You Are A Trader: XXXX

If No Position: XXXX

If Long: XXXX

If Short:  XXXX

Please Note: XXXX is available to our premium subscribers in our + Subscriber Section. It’s FREE to start. 

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Stock Market Update. March 3rd, 2014 Google

Welcome To Cold War II

Mother Russia is furious at the West. Here is quick summary of what the Russian media is saying in regards to the West’s reaction.  

  • The west is responsible for destabilizing Ukraine to begin with. 
  • Russia is acting within lawful framework as it tries to protect Russian interest in Ukraine.
  • New Ukrainian Government is illegitimate.  
  • Russia will not be intimidated by the West. They will answer every blow to Russia with the blow of their own. 

As you can see, this tag of war between Russia and the US is a clear case of “My $%ck is bigger than your co*#”.  Unfortunately, when we look back at this juncture a few years from now we might identify it as the beginning of Cold War 2. Where the only winners are 1. Retarded Politicians and 2. Military Industrial Complex. Too bad.   

Запад угрожает Москве санкциями и отзывает собственных дипломатов, а в США собирают подписи по вопросу об исключении России из ВТО

Дипломатические демарши Россию не испугали

Фото: ИЗВЕСТИЯ/Владимир Суворов

После того как 1 марта Совет Федерации РФ принял предложение президента Владимира Путина ввести войска на Украину для «нормализации общественно-политической обстановки» в стране, против Москвы развернулась настоящая дипломатическая война. Канада приняла решение об отзыве своего посла из России. Главу отечественной дипмиссии вызвал «на ковер» МИД Великобритании. Оттава, Париж, Лондон и Вашингтон приостановили подготовку к июньскому саммиту G8 в Сочи. 

Кроме того, Запад заговорил о возможном введении политических и экономических санкций против Москвы. В частности, на сайте американского Белого дома начался сбор подписей под петицией об исключении России из ВТО, отмене виз для членов российского правительства и их семей, а также заморозке их финансовых счетов в американских банках. Ее подписали уже более 5,8 тыс. человек. Собственный ответ Москве пообещал подготовить и Евросоюз, министры иностранных дел стран-членов которого собираются 3 марта на экстренное совещание в Брюсселе. 

Пока Россия отвечает ударом на удар. В ответ на оскорбительные заявления Обамы сенаторы предложили отозвать посла России в Вашингтоне. Найдутся адекватные меры и на другие заявления Запада. 

— На самом деле, вся эта истерика Евросоюза — не более чем пиар-пузырь, приуроченный к выборам в Европарламент 25 мая. По всем прогнозам, в следующем его составе окажется большое количество евроскептиков и нынешние еврокомиссары во главе с председателем Жозе Мануэлем Баррозу вынуждены будут уйти в отставку. А потому подобные их заявления сегодня надо делить как минимум надвое — во время избирательной кампании часто врут, — сказал «Известиям» зампредседателя комитета Совета Федерации по международным делам Андрей Климов. 

Новые же члены Еврокомиссии вряд ли продолжат после майских выборов затеянную в отношении Украины политику. По словам сенатора, те слишком хорошо понимают, что такого нахлебника, как Украина, членам ЕС просто не прокормить. 

— Пока Россия сталкивается со своего рода дипломатическими демаршами, то есть демонстративными действиями символического значения. Не приходится рассчитывать, что Россию в вопросе по Украине поддержат, — считает глава Совета по внешней и оборонной политике Федор Лукьянов. 

По словам эксперта, даже от Китая, который симпатизирует российской политике по отбрасыванию евроатлантической экспансии, ждать поддержки не стоит. Прежде всего — из-за довольно размытых постулатов международного публичного права. 

В то время как Москва стремится представить свою позицию как отклик на призыв о помощи россиянам в Крыму и действующему президенту Украины Виктору Януковичу, Запад видит в этом лишь попытку аннексировать часть территории суверенного государства. 

При этом, отмечает Лукьянов, ни США, ни страны ЕС не собираются проводить параллели с собственными вмешетельством «ради мира» во внутренние дела, например, Ирака или Ливии, а также призывами навести порядок в Сирии. 

— Двойные стандарты были, есть и будут основой международных отношений. Западные державы интерпретируют международное право по-разному — в зависимости от собственной выгоды, — говорит Лукьянов. 

Руководствуясь именно такими соображениями, США и Европа в определенный момент поддержали новое прозападное правительство Украины — закрыв глаза на юридический аспект произошедшей смены власти, отмечает председатель московской коллегии адвокатов «Николаев и партнеры», специалист по международному праву Юрий Николаев. 

— Янукович был выкинут из президентского кресла при помощи физической силы. Согласно правовой оценке, это стало настоящим госпереворотом — произошел захват власти, не предусмотренный украинским законодательством, — объясняет юрист. 

Как отмечает Николаев, ни Россия, ни, что примечательно, Евросоюз до сих пор не представили официальных документов, в которых признавали бы новое правительство как единственно легитимное. А значит, законным главой Украины всё еще остается Янукович. Следовательно, формально он вполне имеет право обратиться за помощью — в том числе и военной — к соседям. 

— Согласно украинскому законодательству, Янукович должен был бы обзавестись поддержкой парламента, прежде чем обращаться с такой просьбой к России. Однако здесь у него не оставалось выбора, ведь законно избранной народом рады уже не существует, — отмечает Николаев. 

Подобная логика отвечает позиции Москвы, которая настаивает еще и на своем долге. А именно — общем с Украиной историческом прошлом и защите проживающих на ее территории российских граждан. Ведь только в Крыму около 60% населения являются русскими. 

На ООН как на арбитра рассчитывать тоже не стоит. Даже если другие страны попытаются провести через организацию санкции против России, Москва, обладающая правом вето, никогда их не пропустит и сможет заблокировать любое решение по Украине. По словам специалистов, ООН лишь в очередной раз показывает сегодня свою несостоятельность в решении подобных вопросов. 

— В настоящее время такие вопросы переходят от международных организаций отдельным государствам. Так, вопреки ООН, ранее США и Великобритания решили самостоятельно нести в Ирак демократию на штыках, — отмечает Николаев. 

А интересов на Украине у Вашингтона не меньше, чем на Ближнем Востоке, считает он. В прошлом году здесь открыли крупное месторождение алмазов в Кировоградской области. Да и возможность заполучить военную базу под боком у РФ США бы вполне порадовала. 

Главный вопрос в том, экономические санкции какого рода и в каком объеме США и страны ЕС решатся самостоятельно применить против Москвы. 

— Подобное «наказание» со стороны Брюсселя и Вашингтона было бы для  России  болезненно, — считает Лукьянов. — Правда, пока неизвестно, насколько Вашингтон и Европа сами захотят пойти на собственные издержки и потери своего бизнеса. 

По словам сенатора Андрея Климова, США сегодня практически не имеют серьезного товарооборота с Россией, а потому экономические санкции Вашингтона большого вреда Москве не принесут. 

— При этом страны ЕС зависят от нас ничуть не меньше, а может, даже больше, чем мы от них, — говорит Климов. 

В частности, для Европы заменить поступающий из России газ будет нечем. По этой причине, ЕС вполне может начать переговоры с Россией отдельно от США. Да и единения в Евросоюзе в вопросе отношения к происходящему на Украине не наблюдается. 

— В сложившейся ситуации я бы вообще порекомендовал Брюсселю и Вашингтону принять санкции друг против друга. В отношении США — за разжигание гражданской войны и взрывоопасной ситуации в Европе. В отношении ряда стран ЕС — за то, что своим бездействием нарушили договоренности о нормализации ситуации на Украине от 21 февраля, что открыло ящик Пандоры, — говорит Климов. 

При этом экономически Россия может вполне выжить и в ситуации экономических санкций со стороны Брюсселя и Вашингтона. В настоящий момент Москва наращивает экономические связи со странами БРИКС. Как отмечает сенатор, в них проживает  40% населения Земли. По золотовалютным резервам группа в разы опережает Евросоюз. А совокупный ВВП входящих в БРИКС государств превышает ВВП США и ЕС

Читайте далее: http://izvestia.ru/news/566846#ixzz2uueXsK00

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