Cold War Gets Hot
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Sadly, it appears that the Minsk2 peace accords are failing and that SE Ukraine is once again moving toward hot war. As we've been stating here since early 2014, this is the most important international crisis of our time and certainly the most dangerous. It's time for you to start paying close attention again.
Frankly, there's so much information presented in this 38 minutes that it's difficult for me to summarize it into bullet points. Here's a background article published earlier today that gives you a feel for the current events on the ground. It's helpful, even though it is sourced from "Ukrainian reports" and clearly tilted in a pro-Kiev fashion: http://www.thedailybeast.com/articles/2015/08/12/ukraine-s-cold-war-gets-hot-as-combat-explodes-in-the-last-24-hours.html?via=ios
Of course, these weekly JBSFC discussions are NOT tilted in any fashion, which is why they are so extremely valuable for all of us wishing to find fair and balanced reporting on these extremely dangerous events. PLEASE take the time to listen to this podcast and PLEASE be sure to stay on top of this situation. There's so much talk out there about "September crises" and "major events this fall" and everyone is focused upon financial events as the possible root causes. Well, maybe or maybe not. We'll see. Events in Ukraine could once again start to spin out of control and, if they do, the ensuing crisis will be a lot more dangerous than derivative meltdowns and liquidity shortages.