Wednesday, May 21, 2014

Russian gas deal: another Obama black eye.

Russia and China have announced a gas deal worth $400B. Except it will not be conducted in US Dollars. This is a major blow to the Dollar and to the Obama effort to isolate Russia. Not much of the details are known at this time, except that the deal will be paid in currency other than dollars.

The deal brings to mind the quotation attributed to Pres Putin:

"Negotiating with Obama is like playing chess with a pigeon….
the pigeon knocks over all the pieces, shits on the board and
then struts around like it won the game."

~Vladimir Putin

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