Aug. 11 (Bloomberg) -- The euro fell to a five-month low against the dollar as fighting between Russia and Georgia spread to a second front, raising concern about stability in Europe. http://www.bloomberg.com/apps/news?pid=20601087&sid=amlkXhI0H7v8&refer=home
The dollar's 4 percent surge against the single European currency this month was enough to prompt Bank of America Corp. to tell its customers to exit trades betting on more gains. Morgan Stanley still forecasts the greenback will approach a record low by October as the U.S. housing slump and credit- market losses keep the Fed from raising interest rates this year.
http://www.ft.com/cms/s/077576b6-670b-11dd-808f-0000779fd18c,dwp_uuid=7c485a38-2f7a-11da-8b51-00000e2511c8,print=yes.html
Georgia on Sunday said it was pulling its troops out of the separatist province of South Ossetia but its appeals for a ceasefire in the widening conflict in the Caucasus failed to halt Russia's mounting military response.
As the focus of the fighting widened from South Ossetia to Abkhazia, another separatist region, Russian aircraft were reported to have struck at targets inside Georgia, including the civilian airport in the capital Tbilisi.
Local officials said Russia also deployed a naval squadron off the coast of Abkhazia where local separatists have historically enjoyed Russia's support.
The United States is denouncing the Russians as aggressors in the UN Security Council and accusing the Kremlin of engaging in a policy of "regime change," in Ambassador Khalilzad's phrase. The Russian response: "regime change" is "an American invention," but, hey, in Saakashvili's case, it might not be such a bad idea.... http://www.antiwar.com/justin/?articleid=13285
"My heart aches at this repetitious history of Russian dominance and aggression, whether Czarist, Bolshevik or Oligarchic," said Thomas Goltz, a US expert on the Caucasus. "We can ask the question: Did Misha [Saakashvili] go too far or get pulled into a trap? But it really makes no difference right now. Russia has just declared the 'post-Soviet era' over and a new age has begun." http://www.todayszaman.com/tz-web/detaylar.do?load=detay&link=149892&bolum=104
http://www.washingtonpost.com/wp-dyn/content/article/2008/08/10/AR2008081001871.html
http://www.globalresearch.ca/index.php?context=va&aid=9788 ...Georgia does not act militarily without the assent of Washington. The Georgian head of State is a US proxy and Georgia is a de facto US protectorate.
Who is behind this military agenda? What interests are being served? What is the purpose of the military operation.
There is evidence that the attacks were carefully coordinated by the US military and NATO.
