Posted on 10/19/2015 1:54:20 AM PDT by elhombrelibre
Vladimir Putin is falling back on Soviet-era self-reliance as oil wealth evaporates and sanctions cut off vitally-needed technology
Russia is running out of money. President Vladimir Putin is taking a strategic gamble, depleting the Kremlin's last reserve funds to cover the budget and to pay for an escalating war in Syria at the same time.
The three big rating agencies have all issued alerts over recent days, warning that the country's public finances are deteriorating fast and furiously. There is no prospect of an oil revival as long as Saudi Arabia continues to flood the market. Russia cannot borrow abroad at a viable cost.
Standard & Poor's says the budget deficit will balloon to 4.4pc of GDP this year, including short-falls in local government spending and social security. The government has committed a further $40bn to bailing out the banking system.
(Excerpt) Read more at telegraph.co.uk ...
"This would be smaller than Holland ($850bn) or half the size of Texas ($1.4 trillion), a remarkable state of affairs for a country vying for superpower military status in Europe and the Middle East."
Russia could take out Saudi Arabia and resolve the oil glut problem.
Well, they’re partnering with Iran, so that might be their thinking. It’s definitely the type of thinking Putin would have.
Does “They” mean China or Russia?
Putin is chest deep in the Big Muddy. And the fool said to march on.
“Russia could take out Saudi Arabia and resolve the oil glut problem.”
I believe this could possibly be the main goal of why they are in Syria. To build an alliance with Iran and Iraq and control the Mid-East oil.
He is betting on the US to do nothing and Iran to become the major power in the region.
He’s very big on Iran; he’s helped them a lot with their air defense and nuclear program.
China. When it’s international investments, they seem to be fairly cautious. Internally, it sounds like they’re as wasteful as any big government monopoly, creating whole cities no one lives in. Abroad their actions look more commercially and militarily strategic.
America’s deficit for the year was 33% of their GDP, what pikers.
Right now the most vitally needed technology is being deployed over Syria.
And it is working....
Hell is running out of virgins and a record pace. :-)
—— pay for an escalating war in Syria——
What costs are incurred by having troops in syria rather than having them on military reservations in Siberia
The limited actions in Syria are not all that expensive when measured in new money required
Fuel and ammunition and maintenance of equipment are expenses that will be greater.
But, it’s russia..... in the soviet union stuff was made with no regard for anything other than the production plan
the back load of stuff probably is not only unknown but can’t be measured
fuel is free if you disregard the opportunity cost presuming it can be sold
transport to syria is probably less expensive than transport to far far eastern bases.
I won’t deny some current expense, but it is not Napoleon invaiding Russia
Oh sure. That’s all true. It’s cost aren’t too great if they don’t last long and if they don’t become more intense. Time will tell about that. Fighting these types of enemies takes a lot of time.
“Russia could take out Saudi Arabia and resolve the oil glut problem.”
One possible outcome may be that Russia’s economic dependence on China would increase. China could lend money to Russia while others would not. Of course, China would demand some collateral.
“’The chief effect has been to shrink the Russian economy in global terms. “GDP was $2.3 trillion at the peak. It is now $1.2 trillion, and I fear we are going back to the level of 1998 when it was $700bn,” he said.”
“This would be smaller than Holland ($850bn) or half the size of Texas ($1.4 trillion), a remarkable state of affairs for a country vying for superpower military status in Europe and the Middle East.’ “
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