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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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To: rbg81

We have a wounded wolf in Russia, a US Muslim sympathizor for Pres. welding power via post-it -notes, and a Eu teeting itself to find footing....all is good. /sarc.


41 posted on 12/16/2014 6:01:32 PM PST by caww
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To: caww

sneaky commie obama is being a dictator using memoranda. it’s still illegal

http://www.gramsgold.com/news/obama-racked-up-more-debt-than-all-presidents-combined


42 posted on 12/16/2014 6:11:42 PM PST by Democrat_media (The media is the problem. reporters are just democrat political activists posing as reporters)
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To: Mikey_1962

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

________________

Without their sunny disposition....and nukes.


43 posted on 12/16/2014 6:13:14 PM PST by Chickensoup (Leftist totalitarian fascism is on the move.)
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To: abishai; Democrat_media
To do what? The boldly push the liberal Obama agenda like they have done the last 6 years?

And the last six weeks.

And the last six days.

Much of the pre-election talk was about the use of congressional power over the purse to rein in Obama's socialist sgenda and his dictatorial rule.

So the first thing republicans do in the lame duck session is pass a full one year budget to finance Obama's Liberal Kingdom.

In doing so they just gave up one half of their two year window to use the budget to wield some authority via the budget.

They could have passed a short term continuing resolution and waited until January when Harry Reid is knocked out of power to do a full budget.

So what why the rush to do a full budget now?
It was due in September - they waited this long so why not use a CR to move the process to January?

What is motivating Boehner to do the democrats dirty work?


44 posted on 12/16/2014 7:02:58 PM PST by Iron Munro (D.H.S. has the same headcount as the US Marine Corps with twice the budget)
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To: The Ghost of FReepers Past; thackney

If Congress and the President simply opened up all those areas that they have closed to oil exploration over the years, and stopped the environMENTALists from blocking them, then we could get more oil at these lower prices. Fracking might dry up, but the more conventional, cheaper methods of extraction would come roaring back, thus avoiding the whole nose, face thing.

Please correct me if I’m wrong, thackney.


45 posted on 12/16/2014 7:09:18 PM PST by Tolerance Sucks Rocks (The mods stole my tagline.)
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To: Iron Munro

the democrats control the Presidency and Obama is acting like a dictator , the democrats control the media and the Senate. why aren’t you blaming Obama or the democrats? you support this dictator Obama .do you understand this Monster Obama has destroyed the free republic that was the USA? do you?

Amnesty fight: Obama admin tells courts they’re powerless to stop executive order

http://www.freerepublic.com/focus/f-news/3237919/posts

Obama is ruling like a socialist dictator, destroying America and our rights. Obama has given amnesty to millions of illegals through executive action. this is unconstitutional . now this monster threatens a federal judge.
Obama’s done a million crimes including sicking the IRS on conservatives and the BLM on mr Bundy ,giving amnesty to illegal by the stroke of its pen etc.

The media won’t expose him

and Obama’s debt is destroying the world economy . this marxist cretin has racked up more debt than all the presidents combined.

http://www.gramsgold.com/news/obama-racked-up-more-debt-than-all-presidents-combined

all economies are in a nosedive Russia, Japan, latin America, Europe all heading toward a depression. and it was this jug eared communist named Obama that borrowed so many trillions of dollars to cause this collapse. it’s happing look it up ,oil price is in a free fall cause economies are slowing(look at the gas price) .

“The total federal debt of the U.S. government has now increased more than $7 trillion during the six years Barack Obama has been president.

It is more than the debt increased under all U.S. presidents from George Washington through Bill Clinton combined, and it is more debt than was accumulated in the first 227 years of this nation’s existence—from 1776 through 2003.

Why aren’t we protesting in the streets demanding this thug dictator resign?


46 posted on 12/16/2014 7:10:11 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
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

All I see are Democrats with an R, most of them.

47 posted on 12/16/2014 7:11:12 PM PST by Tolerance Sucks Rocks (The mods stole my tagline.)
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To: rbg81

That’s what they get for their lack of diversification.

Screw them!


48 posted on 12/16/2014 7:12:40 PM PST by 4Liberty (Prejudice and generalizations. That's how Collectivists roll......)
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To: rbg81

“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.”

We live in a dangerous world. Evil is afoot; but I guess it always has been throughout history.
Amazing how a drop in energy prices back to levels of just 4 or 5 years ago can cause such disruption.
Will have to see. It seems like the news cycle goes pretty fast. Remember Ebola?
We were all going to die back in October; the media induced panic from that passed pretty quickly.
Hopefully Pooti poot can be back to just a curiosity ( a relatively harmless one)soon.


49 posted on 12/16/2014 7:13:29 PM PST by HereInTheHeartland (Pants up; don't loot)
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To: Star Traveler; Kartographer; blam; Marcella; JRandomFreeper

Remember, hackers, probably backed by Russia, have put all this bad code into our energy infrastructure. All the Russians have to do is to activate it, and it’s American Blackout.


50 posted on 12/16/2014 7:13:44 PM PST by Tolerance Sucks Rocks (The mods stole my tagline.)
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To: Iron Munro

http://www.freerepublic.com/focus/f-news/3237984/posts

Amnesty fight: Obama admin tells courts they’re powerless to stop executive order
wash times ^ | 12/16/14 | s dinan

Posted on 12/16/2014 5:39:41 PM PST by bestintxas

The administration warned a federal judge Monday to stay out of the debate over President Obama’s deportation amnesty, saying decisions about whom to deport fall squarely within the executive’s job description, “which this court lacks authority to review. In its first extended legal filing in one of the court challenges to the new amnesty, the Justice Department says courts have long held that an agency’s decision whether or not to prosecute someone or to enforce the law is entitled to “absolute discretion.”“Federal courts sit to decide cases and controversies, not to resolve disagreements about policy or politics,” said Joyce R. Branda, the acting assistant attorney general who took the lead on filing the brief.


51 posted on 12/16/2014 7:15:31 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

Everybody does


52 posted on 12/16/2014 7:22:28 PM PST by SevenofNine (We are Freepers, all your media bases belong to us ,resistance is futile)
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To: Soul of the South
“As far as natural gas to Europe is concerned he doesn’t have to embargo. He can just raise the price. There is no place the Europeans can go to replace Russian gas in the short to medium term. Pay up or freeze.”

You are right - Russia supplies their gas and they must have it. Putin is not sitting there waiting for ruin - he will do something to harm the US (actually can you say “Obama” whom he despises and I don't blame him). Like Palin sort of said, “I can see Russia from my house.” Well, I can see WWIII in the not distant future.

53 posted on 12/16/2014 7:45:11 PM PST by Marcella (Prepping can save your life today. Going Galt is freedom.)
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To: Kartographer

Ping to 53.


54 posted on 12/16/2014 7:48:57 PM PST by Marcella (Prepping can save your life today. Going Galt is freedom.)
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To: Iron Munro
What is motivating Boehner to do the democrats dirty work?

Easy. Boehner and the RATs have the same goal -- vastly increased State Power over the individual.

Boehner, McConnell and the rest of the evil GOPe are rabid Statists.

55 posted on 12/16/2014 7:50:49 PM PST by sand88 (We can never legislate our way back to Liberty)
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To: Tolerance Sucks Rocks

“Remember, hackers, probably backed by Russia, have put all this bad code into our energy infrastructure. All the Russians have to do is to activate it, and it’s American Blackout.”

If Putin has that button to push, he will do it at some point just to show Obama who is the real boss.


56 posted on 12/16/2014 7:55:05 PM PST by Marcella (Prepping can save your life today. Going Galt is freedom.)
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To: Marcella

Even as we freeze in the dark, we will still have the last laugh on Putin. Without America around anymore, Russia is more vulnerable to invasion by China.

“I just might die with a smile on my face after all” — The Smiths (paraphrase).


57 posted on 12/16/2014 8:00:25 PM PST by Tolerance Sucks Rocks (The mods stole my tagline.)
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To: Tolerance Sucks Rocks

“Even as we freeze in the dark...”

I’m a prepper so I will be warm. :0)


58 posted on 12/16/2014 8:16:48 PM PST by Marcella (Prepping can save your life today. Going Galt is freedom.)
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To: The Ghost of FReepers Past

Bull.
When the Pretender in Chief took office gas in my parts was $1.87. We weren’t on the verge of global war then.


59 posted on 12/16/2014 8:23:49 PM PST by Shadowstrike (Be polite, Be professional, but have a plan to kill everyone you meet.)
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To: Marcella

Hopefully, you’re capable of cutting your own firewood, because that is what it will take. And I mean cutting trees down, too.


60 posted on 12/16/2014 8:24:02 PM PST by Tolerance Sucks Rocks (The mods stole my tagline.)
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