You can say it was a matter of being childish in the end. The coalition of the willing... or coalition of the sucker? How about coalition of the New Poor?
Per World Bank records for 2013, Russia, of course, is the new richest country in Europe (GDP-PPP of $3.4 trillion, besting Germany's $3.3 trillion), with cash reserves of $500 billion & one of the biggest gold reserves in the world. So when the so-called Western powers- all has-beens, drowning in debts, clearly in decline but still pretending to call the shots- disinvited the Russian President Vladimir Putin to their G7 Conference in a childish effort to show they still amount to something after being humiliated by Putin's Crimea victory. Expectedly, they all just fell flat some more on their faces. Since when did a group of has-beens become more powerful when the cash-rich one preferred to smooch anyway with another cash-rich one like him? Why should Putin waste time with the highly-indebted Western has-beens when the new richest European country, Russia, can always hang out with the new richest country in the world, China? Ano, magtitiyaga lang sa barya-barya?
Of course, this just goes to show the Western comedians are still in denial of their growing irrelevance in the new scheme of things, confirmed just recently by their Ukraine debacle. They still rely on the "smokes and mirrors" produced by their outdated propaganda machine and presstitute media, which, they admit or not, have lost credibility almost totally. In a way, the Crimea crisis was the final proof the media can't control the narrative anymore. Vladimir Putin is definitely the most popular politician in the world now, and by making him the underdog by a hated bunch (which the Western has-beens are increasingly becoming), his popularity can only soar.
The outdated Western mantra: Either you with us... Or not! Lol! In the first place, that G7 is already a bunch of comedians- why isn't China even there when the basket case France is there? How about Putin pointing his nose to the air: "Do I know these people? Hitsura nito!"
How can a bunch of jokers and a discredited media isolate the most popular politician in the world? Two things can only result: Putin will become more popular, and the jokers will become more discredited.
As they say in Tagalog, huwag patulan ang mga bata. Putin shouldnt stoop to their level. If ever, the Crimea drama is already a nudge to reality. With his astute mind and wit, Putin has more in his arsenal to provide more nudge.
All the more, the inevitability of a new world separate from the imploding Western financial system is getting closer and closer. The highly-liquid, cash-rich, commodity-rich alternatives led by Russia and China should undercut once and for all the tottering Ponzi of the comedians.
NB
A very small preview of things to come. When the US, with a relatively small trade with Russia so little or no leverage, still tried its usual cocky propaganda trick of projecting power ("sanctions") & sanctioned Bank Rossiaya, among others, Visa and Mastercard cockily followed suit and blocked their cards operating via those banks. Big wonder why they immediately restored their services soon after? Wonder no more, the Russians just announced they will be issuing their own national card in two months time. Imagine, just for being presumptuous, being shut out in the biggest market in Europe. Then imagine, forewarned, the Chinese following with their own. The comedy (AKA the dismantling of a financial empire) thickens.
World's Top Economies 2013
| Rank | Country | Purchasing Power Parity External Debts | |||||
| 1 | United States | $15.6 trillion $ 16,737,246,099,998 | |||||
| 2 | China | $12.4 trillion $ 710,700,000,000 | |||||
| 3 | India | $4.8 trillion $ 390,000,000,000 | |||||
| 4 | Japan | $4.5 trillion $ 2,719,000,000,000 | |||||
| 5 | Russia | $3.4 trillion $ 455,200,000,000 | |||||
| 6 | Germany | $3.3 trillion $ 5,624,000,000,000 | |||||
| 7 | Brazil | $2.4 trillion $ 405,300,000,000 | |||||
| 8 | France | $2.4 trillion $ 5,633,000,000,000 | |||||
| 9 | United Kingdom | $2.3 trillion $ 9,836,000,000,000 | |||||
| 10 | Mexico | $2.0 trillion $ 217,700,000,000 |
Source of PPP data: World Bank
Source of Exterbnal Debt: As compiled by Jedh.org from data of IMF & World Bank
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