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Russia has annexed Crimea as of today (LINK).
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"Sanctions" are a joke - confined to just 21 individuals and nothing at a corporate level - expanded after the annexation to others in the Arms Industry (LINK).
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As I predicted, Russia is now agitating Eastern Ukraine LINK (actually I said But if Russia is allowed to annex Crimea, then spoils to the powerful. There is no (military or political) reason Putin shouldn’t take Eastern Ukraine (where the Russians are a majority).
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It is going in the shitter faster than even I expected. Serbians have been flocking to Crimea to support the independence, now annexation (LINK). Jochen Bittner, a German with experience in the region, sees even more frightening parallels to Yugoslavia than I do. Even worse, he thinks that Putin might have lost control over the situation already. Muslim jihads, aware of the slaughter in Bosnia, are heading towards Crimea to protect Tartars.
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And our politicians in the US, a crap-tastic lot in the best of times, are flailing about like chickens with their heads cut off, content to scream "OBAMA" "BENGHAZI" and "DRONES" with nary a verb between - no matter how relevant to the current discussion.