In regard to the meetings this week in Beijing, the redoubtable Michael Hudson tells it like it is. Here are a few selected passages taken from the transcript of this don't-miss video. "Mr. Obama also said that the United States was going to cut back carbon emissions. But at the same time, he's still pushing for the XL Pipeline … to bring Alberta tar sands oil into the United States. That, of course, is the single most high pollution activity on the entire planet." "Mr. Obama has looked very uncomfortable at these meetings because he knows that he hasn't gotten anything that he wants.” In Brisbane "... you're going to see … Europe being completely left out. The sanctions that the United States and NATO have insisted that Europe impose on Russia means don't trade with Russia. So Russia has put on the counter-sanctions against French and Baltic and European exports to Russia. French farmers are already demonstrating.” “The Baltic states are screaming because Europe, France, Latvia, and even Germany had been looking to the one growing market since the last few years is Russia, and the United States says, don't deal with Russia ... Europe is left in a position of economic stagnation and shrinking.”

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President Putin Pledges to Increase Trade with China and Asia to Rebuke Sanctions

The $400 billion, 40 year oil and gas deal between China and Russia is a response to the new cold war pressure and sanctions on Russia, says economist Michael Hudson - November 13, 14

http://youtu.be/8vRVbjDlsxc

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Michael Hudson is a Distinguished Research Professor of Economics at the University of Missouri, Kansas City. His two newest books are The Bubble and Beyond and Finance Capitalism and its Discontents. His upcoming book is titled Killing the Host: How Financial Parasites and Debt Bondage Destroy the Global Economy.