Posts Tagged ‘The Grand Chessboard’

Notes From Underground: Some Things to Ponder For the Second Quarter

March 31, 2014

As I was reading Zbigniew Brzezinski’s book, The Grand Chessboard (1997), this insight into the Russian desire to resurrect its political stature struck me for its prescience about the significance of present developments in the Eurasian heartland. Brzezinski writes, “However, if Moscow regains control over Ukraine, with its 52 million people and major resources as well as its access to the Black sea, Russia automatically again regains the wherewithal to become a powerful imperial state, spanning Europe and Asia. Ukraine’s loss of independence would have immediate consequences for Central Europe, transforming Poland into the geopolitical pivot on the eastern frontier of a united Europe.”

It is important to understand that the moves by Vladimir Putin have deeper meaning and importance the superficial analysis offered up on the network and financial news channels. This situation is going to be with the markets for a long while and its possible impact on the global financial scene should not be undervalued by the daily movements in the world’s equity markets. Putin seems to be timing his adventure on the basis of a U.S. president who has little desire to entangle itself in any foreign adventures and a Europe so is militarily weak and financially fragile. It seems that Putin has picked a propitious time to test the waters of global fortitude against Russian designs for a resurrection of its influence in the mapping out the future of the Eurasian land mass. Oh, by the way, the Russian rouble closed much stronger for the month after making all-time lows at 36.85 roubles to the dollar on March 3. The rouble ended the day at 35.03 to the dollar. Just putting perspective to overcome much of the noise.

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