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March 2017 by MICHAEL E. LEWITT

The Russians Are Coming! The Russians Are Coming!

newsletterthumbfeb2017Mr. Putin never had a better friend in the world than the former community organizer who promised Dmitry Medvedev in March 2012 that he could be an even better friend after he won a second term because he would have “more flexibility” to give in to Russian demands. On March 26, 2012, Mr. Obama was caught on a hot mic telling then Russian President Dmitry Medvedev “This is my last election…After my election I have more flexibility.” He was asking Mr. Medvedev for more time to deal with missile defense, and the outgoing Russian President assured Mr. Obama that “I will transmit this information to Vladimir.” Now one might ask why Mr. Obama would want more flexibility to work with the Russians, and the answer is that the winner of the Nobel Peace Prize wanted to rid the world of nuclear weapons. While this is an admirable goal, you’re supposed to let the other guy go first in reducing his nuclear weapons stockpile, especially when the other guy is a stone cold killer like his buddy Vlad. Mr. Obama never learned that lesson, which is why the American nuclear stockpile is in such bad shape while the world is experiencing a new nuclear arms race. And this is not fake news; these are irrefutable facts confirmed by multiple sources and writ large on the geopolitical map.

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Those of you old enough to remember the 1966 comedy The Russians Are Coming! The Russians Are Coming! starring Alan Alda, Jonathan Winters and Carl Reiner should check out http://www.imdb.com/videoplayer/vi4000187673?ref_=tt_pv_vi_aiv_1. But please do not confuse the hysterical townspeople for modern day liberals or journalists – any resemblance is purely coincidental. After viewing the clip, perhaps you can explain to me why we should seriously entertain the possibility that the Trump administration is conspiring with Russia to … well, do what exactly? After all, it was Barack Obama who behaved like Vladimir Putin’s BFF over the last eight years, which is the real reason the mainstream (i.e. liberal) media and Democrats are working overtime to promulgate one of the most implausible stories in recent history. On Mr. Obama’s watch, Putin took back Ukraine, established the first Russian Middle East military base in modern history, and saw his proxy state Iran establish hegemony over Iraq, Syria, Yemen and Libya while gaining a path to a nuclear weapons and $150 billion of sanctions relief to boot. Not a bad decade’s work for a dying economy whose population is going to drop in half by 2050.

The Credit Strategist newsletter has been published monthly since 2001 by Michael E. Lewitt and read by the financial elite as well as media, thought leaders, and policymakers around the world. The commentary has been featured in The New York Times, Barron’s, Bloomberg, Forbes, USA Today, PBS Newshour, The New Republic, and El Mundo.