Investors Business Daily Op-Ed: As Russian war jets buzz Europe, the ugly reality descends that it’s a new world out there and U.S. leadership is weak and unreliable. An alarm clock is going off in Europe to end its welfare state and step up its defense.
Because frankly, the only word for what’s going on now in Europe is scary.
Opinion: The Russian czar made an important speech in Sochi this past week that was completely ignored by the mainstream media.
Putin spoke of the new world order and Russia’s role in global politics emphasizing:
1. Russia will no longer play games and engage in back-room negotiations over trifles. But Russia is prepared for serious conversations and agreements, if these are conducive to collective security, are based on fairness and take into account the interests of each side.
2. All systems of global collective security now lie in ruins. There are no longer any international security guarantees at all. And the entity that destroyed them has a name: The United States of America.
3. The builders of the New World Order have failed, having built a sand castle. Whether or not a new world order of any sort is to be built is not just Russia’s decision, but it is a decision that will not be made without Russia.
The recent drop in oil prices will have a huge impact on Russian geopolitical ambitions. High prices over the past years allowed Russia the luxury of a 700 billion defense buildup. But as deflation causes energy prices to drop, Putin will be pressured to rebuild his dream of a Soviet Empire before his empire collapses.
Any new oil competition, like an oil find in Israel (Genesis 49:25), could light the fuse for the Ezekiel 38-39 invasion.