And even if it does, it will probably be financed by a reluctant dragon, which holds over US $1.5tn in eagle debt. Not even the eagle itself knows whether this immensely expensive gimmick will work. In the young 21st century, the key tug of war between the eagle and the bear concerns missile defence. So the bear started wondering what if in the end they take away all my security space and I’m geopolitically starved? That was more than clear between 19 – when NATO, against all promises made to former top bear Gorbachev, expanded all the way to Eastern Europe and the Baltic states. When the original Cold War ended – in theory – in late 1991, in a dacha in Belarus, with the bear almost in coma, the eagle assumed the bear’s right to an independent foreign policy which was also cancelled. Once upon a time in the young 21st century, the eagle, the bear and the dragon took their (furry) gloves off and engaged in a New Cold War. Let’s celebrate the end of an eventful 2011 with a fable. Obama has shifted the US military’s focus from the Middle East to Asia in an attempt to ‘contain’ China
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