Merkel Slams US Hegemony? “America Can’t Solve All The World’s Problems Anymore”

First Russia and China, then UAE, Egypt, and Turkey… and now it appears Germany (following a phone call with Putin) is pulling the rug out from under US hegemony – just as Obama’s warmongery ramps up…
*MERKEL SAYS U. S. CAN’T SOLVE ALL THE WORLD’S PROBLEMS ANYMORE Which is odd because just yesterday, President Obama (who never lies) stated “The United States is and will remain the one indispensable nation in the world…“ adding that “no other nation can do what we do.” Perhaps he is wrong?
‘Even a superpower can’t solve all of the problems alone anymore,’ German Chancellor Angela Merkel says.

This post was published at Zero Hedge on 08/27/2014.

Forget Geopolitical De-Escalation – Here’s The Real Reason Why Oil Is Tumbling

As with every other asset-class in the world now, fundamentals have taken a very distant back-seat to both liquidity (flow) and positioning (technicals) as traders are increasingly (in one way or another) on the same side of the same trade. Mainstream media will proclaim US energy “independence”, US sanctions ‘winning’ over Putin, or US airstrikes ‘calming’ down Middle East uncertainty; but the real reason oil is plunging is… the biggest mass liquidation of speculative longs in recorded 30 year history over the last few weeks…

This post was published at Zero Hedge on 08/26/2014.

Ukraine Releases Video Of Captured Russian Troops; They “Entered Accidentally” Russia Claims As Putin-Poroshenko Meeting Begins

Moments ago, Russian president Vladimir Putin arrived in Minsk, Belarus where upon the initiative of Belarusian President Alexander Lukashenko a summit between the Customs Union (Russia, Belarus and Kazakhstan) and Ukraine will be held on Tuesday. As Interfax adds, the meeting will also be attended by three European commissioners – EU High Representative for Foreign Affairs and Security Policy Catherine Ashton, Trade Commissioner Karel De Gucht and European Commission Vice President, Energy Commissioner Gunther Oettinger.
Amusingly, Putin’s arrival did not proceed without incident…
This will be second meeting in the past three months between Putin and Ukrainian President Petro Poroshenko organized with the mediation of a president a third country. However, official confirmation that a separate meeting between Putin and Poroshenko will take place does not yet exist.
As noted earlier, the main reason for the recent ramp in futures is because someone activated the de-escalation algo sending futs promptly from overnight lows to highs, on hopes there will be some resolution of Ukraine’s proxy civil war, and maybe a detente between Russia and Europe, where the latter is now on the verge of a triple-dip recession due to “costs” against Russia.

This post was published at Zero Hedge on 08/26/2014.

Ukraine’s Poroshenko “Optimistic” Over EU Deal, Putin Warns Of Consequences

When two of the richest presidents in the world currently met this morning in Minsk, the tensions was palpable. As Poroshenko (net worth ~$1.3 bn) and Putin (~$440bn) prepared for talks, the threats, promises, and hopes were everywhere…
*POROSHENKO SAYS ‘OPTIMISTIC’ ABOUT TODAY’S MEETINGS IN MINSK, INTERESTED IN EU, CUSTOMS UNION AGREEMENTS But Vladimir Putin – having reminded everyone that Russian capital represents 32% of the Ukraine banking system (threat or statement?) warned any EU association pact may force Russia to scrap trade preferences.

This post was published at Zero Hedge on 08/26/2014.