There are few things that get me as riled up as Charles Plosser flapping his gums about the certain peril of the printing press. But I think this article on Bloomberg.com comparing Angela Merkel to Catherine the Great comes pretty close, particularly when it tries to explain Mrs. Merkel’s oh so charming hesitance to push for sanctions against Russia for Putin’s land grab in Ukraine. According to the story, both Merkel and Putin have their roots in East Germany where she came of age as Putin served as a KGB official. But now they are all grown up and mature in their leadership roles. Or at least one would think. Only there’s a catch – Merkel can only afford principles when no money is involved.

Truth be told, the article that romanticizes Merkel’s and Putin’s East German ties made me vomit in my mouth and reminded me of “’Czechoslovakia ’tis but a small, far away country of which we know little about.”

There is something terribly wrong when an elected legislature can be taken over by force and a puppet prime minister appointed who subsequently appeals to his benefactor for military assistance and the “democratic” near West looks away, appearing as though it can’t afford principles.

It’s just a thought, but maybe if Germany weren’t insistent on economic depression as a monetary policy choice, perhaps principles would be a bit more affordable. Having a weak economic position, though the least dirty shirt in the EZ, does tend to present a bit of a national security issue – or at least makes it difficult to stand up for what I am sure we all know is right.

History doesn’t repeat itself, but it does rhyme; and to make no mistake, Putin taking over Crimea is a German national security issue. During the tail-end of the Great Depression it started off small; and when nobody did anything other than decry the military land grabs that started with Czechoslovakia and Poland, it mushroomed and ushered in a world war.

Putin isn’t getting any younger and I truly doubt that he has any particular feelings of camaraderie with Merkel, no matter how Bloomberg would like to spin it. Merkel is playing a dangerous game with a situation that needs to be nipped in the bud; and I fear the possibility that she’s going to find out how little doing something about it now will cost compared to when it becomes a much bigger problem.

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