from Armstrong Economics:
China has aligned itself with Russia as often an ally in the international arena. China has made it known that it stands ready to use the right of “veto” any decision of the UN Security Council on the situation in Ukraine directed against Russia. To a large extent, our sources have been highlighting the outrage the world has had about the NSA and its wholesale collecting of everything on a global basis right down to tapping into Merkel’s personal phone calls. The price of the NSA has been the reversal of everything administrations sought to accomplish since Richard Nixon in making the world more peaceful. The paranoia of the NSA is reminiscent of Stalin who could not sleep at night worrying about who might be thinking about his demise. The NSA has rekindled the threat of world war and its arrogance is strangely the same aspect that led to the fall of the Athenian Empire as one-by-one its allies turned against it because of its lack of respect for other countries.
Yet there is a soft under-belly to the Russian-China relationship. To solidify Chinese support, Russia is willing to hand back territory China maintains was taken from it by the Soviet Union.
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