Posted on 03/25/2014 2:21:44 AM PDT by Olog-hai
The G7 club of wealthy nations has canceled a summit with Russia over its annexation of Crimea, but emerging economies have protested against its exclusion from a G20 meeting. […]
For its part, US ally Australia had indicated Russia might also be excluded from a G20 summit in Brisbane in November.
But Brazil, China, India, and South Africa rejected the idea.
They said, together with Russia, also at The Hague, where almost 60 countries had sent VIPs to a Nuclear Security Summit, that “the escalation of hostile language, sanctions and counter-sanctions … does not contribute to a sustainable and peaceful solution” to the Ukraine crisis. “The custodianship of the G20 belongs to all member states equally and no one member state can unilaterally determine its nature.” …
(Excerpt) Read more at euobserver.com ...
Hahahahahahaaaa. HOw’s that hope in change working for ya?
This will get out of hand and we will be unlikely to retain the dollar as the world’s reserve currency.
When the dollar loses it’s status as reserve currency/petrodollar our economy is toast.
Capital outflows are already hitting Russia.
Russia flexed its muscles and immediately choked itself.
This has turned into a pissing contest between the man child and Putin.
Except Putin isn’t playing while Team BO throws hissy fits.
What do you get when you have an inexperienced boob running foreign policy? You’re lookin’ at it right now.
What do Freepers want, no pressure on Russia and total appeasement just because Obama’s applying a little bit of pressure?
Wouldn’t be much of a G20 if the US, EU, Australia, Canada and Japan stayed home.
What do Freepers want, no pressure on Russia and total appeasement just because Obama’s applying a little bit of pressure?
Wouldn’t be much of a G20 if the US, EU, Australia, Canada and Japan stayed home.
We have gone from the iron curtain to the wall of BRICS.
Then pull out and let the G19 meet. What has membership ever done for us?
G7 Hits BRIC Wall
It’s no surprise that the racist socialist regime in South Africa, the socialist regime in Brazil, and the Chicoms hang with the dictator Putin, it’s also to be expected that India (sharing a continent with Russia and China, and having a long history of ties with Russia from the days of Soviet policy of containment of China) would hang with him. But the sanctions have already had an impact in Russia, Europe is emerging from winter, world petroleum prices have been in a stable range for some time, our production is rising, Canada’s is rising, and Russia’s is falling. Thanks Olog-hai.
US companies are the largest source of foreign investment in Russia.
Penalizing companies who invest in Russia, would be even more foolhardy than the annexation of a sovereign country.
I doubt they would do that, but rogue countries often act irrationally. So, we will see.
Outside of Call Centers, what does India bring to the economic table?
But Europe depends on Russian gas and oil.
Russia has all the raw materials it needs. It can go it alone. Europe can’t
So what.
What is Russia going to do? Cut off oil and gas and make choke itself to death financially...lol.
Those are idle threats that they cannot sustain for more than a few weeks.
Russia may be willing to do just that.
It’s economic suicide...especially with the spring coming...let them.
Putin’s timing was poor.
Honestly right now which currency would be strong enough to replace the dollar? Maybe an IMF bundle of currencies but I’m not seeing that happen soon.
“Russia has all the raw materials it needs. It can go it alone. Europe can’t”
LOL, they have to steal other nation’s ports just to base their navy.
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