Thursday, May 28, 2015
Russia will never give up Eastern Ukraine
Marc Faber: I don’t think it’s about Greece economically. it’s about the ECB and European banks that have lent money to Greece and if Greece defaults would have to take a huge loss and write-off. so they will lend more money and kick the can down the road.
Number 2; and this is overlooked by many people, it’s a political issue. if Greece leaves; or if Portugal leaves; or if Spain leaves; or if anyone leaves; the NATO countries led by America, basically, are very afraid that either the Russians establish closer relationship…. you have to look at the geography of eastern europe. You have the northern part of the Mediterranean - The Black Sea. And there you have Crimea Island and to the east of Crimea Island you have Eastern Ukraine.
The Russians will never give up Eastern Ukraine. It’s like the Chinese will not give up Hainan Island, you understand? It’s not going to happen under any condition. The West can bitch and talk and whatever they want - they’re not going to give it up. - in a recent interview with CNBC
Marc Faber is an international investor known for his uncanny predictions of the stock market and futures markets around the world.Dr. Doom also trades currencies and commodity futures like Gold and Oil.
Posted by Nicole Bourbaki