Joe Gelet

What the Russian-Georgian War Means for the Euro

""Are you insane? Europe and Russia war? LOFL

and you get to write of SA?

Man I won't ever coem to an SA posting again ""

Europe has been at war for the last 5,000 years.. if anyone notice the reason USD became reserve currency was because Europe was demolished after WW2 and US was untouched with manufacturing base intact and a strong political footing being a driving force in the winning of Alliance powers.

Secondly, if anyone was watching the news, Russia invaded Georgia. Israel had troops in Georgia and trained Georgian forces. If one doesn't call that a 'war' then what is it? Tanks were rolling from Russia to Georgia and 1/2 of the country was destroyed by bombings. I'm sorry if it's "insane" to call that a war..

What the Russian-Georgian War Means for the Euro

The Russia we are facing is a new Russia, we have spent a lot of time reading intelligence reports since this situation began, from many sources. It is clear there exists a void of information in the administration, in finance, and in the general business community, about the new Russia. One excellent source that has this situation pinned down is Stratfor - see stratfor.com Other articles you can see on our blog eliteforexblog.com (just scroll back to previous posts about the situation and read the articles). While we are worried about Georgia, basically an irrelevant state, no one (except stratfor) noticed that Germany is negotiating a new security agreement with Russia. This new Russia is not a threat to anyone directly per se, it is a threat to the current global political framework. From the Russian perspective, they try to capitalize on high oil and a booming debt free economy. Isn't that what the west has been trying to convince them to do for the past 50 years? Now that the Russian's are capitalists, we can't complain that they are protecting their economic interests militarily, like the west has taught them.