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RUSSIA'S SINKING ECONOMY BECOMING A GLOBAL THREAT
Associated Press ^ | Tuesday, December 16, 2014 | Josh Boak

Posted on 12/16/2014 3:14:47 PM PST by Star Traveler

WASHINGTON (AP) -- Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy.

With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia's action in Ukraine.

The alarming 10 percent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations - a move that would inflict hundreds of billions in losses on lenders abroad.

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Foreign Affairs; Government; Japan; News/Current Events; Russia
KEYWORDS: china; crimea; donetsk; europeanunion; japan; ruble; russia; russiaeconomy; russiasanctions; ukraine; vladtheimploder
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I still like the gas prices ... :-) ...
1 posted on 12/16/2014 3:14:47 PM PST by Star Traveler
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To: Star Traveler

Saudi Arabia’s oil war against Iran and Russia
http://www.freerepublic.com/focus/f-news/3237849/posts


2 posted on 12/16/2014 3:15:23 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Star Traveler

A lesson in cutting off your nose to spite your face — see all involved parties.


3 posted on 12/16/2014 3:20:45 PM PST by The Ghost of FReepers Past (Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
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To: The Ghost of FReepers Past

Yup. To quote Hans Solo: “I have a bad feeling about this.”

Russia is feeling very threatened. Countries have gone to war over lesser provocations.


4 posted on 12/16/2014 3:25:12 PM PST by rbg81
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To: Star Traveler
It's the Obama socialist borrowing 17 trillion $ that is crashing the world economy.

by election time in 2016 the USA and world will be in a full depression (mark my words you heard it here first). This will allow Republicans to finally capture a super majority in Congress which will allow something to finally be done about this huge government and tyranny

5 posted on 12/16/2014 3:30:25 PM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
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To: Democrat_media

I guess Obama can just print up some more money in the White House basement to fund his favorite conflicts. He needs to save the rising debt numbers for his domestic socialist agenda.


6 posted on 12/16/2014 3:32:50 PM PST by The Ghost of FReepers Past (Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
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To: Democrat_media
This will allow Republicans..

To do what? The boldly push the liberal Obama agenda like they have done the last 6 years?

7 posted on 12/16/2014 3:33:19 PM PST by abishai
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To: abishai

the congress hasn’t taken power yet. you democrats controlled the senate.


8 posted on 12/16/2014 3:34:29 PM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
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To: abishai

the congress hasn’t taken power yet. you democrats controlled the senate and the presidency and the media. Republicans just had a few more Republicans in the House than Democrats. and so you blame everything on Republicans . no blame the media and the big eared bozo called Obama


9 posted on 12/16/2014 3:36:18 PM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
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To: Democrat_media

Okay, I’ll mark your words ... but it’s not likely on either count - the depression or the GOP.


10 posted on 12/16/2014 3:40:08 PM PST by Star Traveler (Remember to keep the Messiah of Israel in the One-World Government that we look forward to coming)
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To: Star Traveler
Who knows what the madman will do once cornered.
Russia is Mexico with nukes.


11 posted on 12/16/2014 3:40:25 PM PST by Bon mots (American Exceptionalism becomes American Acceptionalism under this regime... :()
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To: Star Traveler

Maybe a good time to be in Bonds.


12 posted on 12/16/2014 3:44:48 PM PST by Gasshog (DemoKKKrats: Leaders of the Free Stuff World)
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To: Star Traveler
The world economy is crashing . and here's why . It starts with an O. Obama that's why.take a look at Obama’s debt and see why Obama is crashing the world economy. a depression is coming. This is not sustainable:


13 posted on 12/16/2014 3:50:03 PM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
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To: Star Traveler

I’ve said this before. Our policies and sanctions have pushed others into war, and this will push Russia into war. The question is, how many will die from this next war?


14 posted on 12/16/2014 3:53:09 PM PST by realcleanguy
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To: Democrat_media

Regarding Obama’s accumulated debt, light as we all know travels 186,000 miles or about 7.5 times around the earth in once second. You’d have to let that light go for a year to accumulate six trillion miles, and we are fast approaching three of those. It’s such an obscenely large number it’s hard to comprehend.


15 posted on 12/16/2014 3:56:51 PM PST by SpaceBar
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To: rbg81

Whether we believe it to be true or not - Russians believe the West, lead by the USA, are waging economic warfare on them.

to think they will fold quickly is a fantasy.


16 posted on 12/16/2014 3:59:16 PM PST by PGR88
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To: Star Traveler; SAJ

Putin could embargo Russia’s ~~ 8 million barrels per day of oil, and embargo Russia’s exports of 1/3 of Europe’s natural gas.

Overnight Russia would replace Saudi Arabia as OPEC’s price-setting power-broker.


17 posted on 12/16/2014 4:01:40 PM PST by Southack (The one thing preppers need from the 1st World? http://tinyurl.com/ktfwljc .)
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To: Star Traveler

BS. Russia’s economy is the size of Italy’s economy.


18 posted on 12/16/2014 4:02:35 PM PST by Mikey_1962 (Democrats have destroyed more cities than Godzilla)
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To: PGR88

Tea leaves looking mighty dangerous in the next couple years.....


19 posted on 12/16/2014 4:03:32 PM PST by bicyclerepair (Ft. Lauderdale FL (zombie land). TERM LIMITS ... TERM LIMITS)
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To: Mikey_1962

Here is the CIA’s economic rankings.
https://www.cia.gov/library/publications/the-world-factbook/rankorder/2001rank.html
Italy has no nukes.


20 posted on 12/16/2014 4:08:30 PM PST by outofsalt ( If history teaches us anything it's that history rarely teaches us anything.)
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