When is oil going to be priced in Rubles?
if we’re borrowing a trillion a year with no intention and no ability to pay it off, does anyone think this is not our future?
I remember when Iran was making all kinds of noise about how it was no longer going to price oil in US dollars. Seems like it was only yesterday.
It sure is going to be hard to build all those Aircraft Carriers and Army Divisions, build an Air Force to dominate the skies against the United States, France, Britain, Germany, and the other 24 NATO nations, and equip their 1 year draftees with futuristic Star Wars weapons, if this keeps up.
This reminds me of what happened in the 1930’s. Unfortunately, you haven’t heard the end of the new Russian TZAR, Mr Putin. If he has to protect his place in the Russian higher archy, he will start a war somewhere, in all probability, in the Middle East. A war in the Middle East will jack up the oil prices all over the world.
Uncomfortable deja vous. Prelude to....and pretext for...
war. And obam owns it.
I believe he takes his marching orders first, then attends to personal business.
It’s time for Putin to send in more tanks.
These guys can be dangerous.
Well this is a way to start a war. My God, what are the clowns in Washington thinking? How to crash us big time?
Purposefully crash the Russian economy and get nuked.
17%...
wow.. that’s tempting... can you imagine getting a CD locked in at anything NEAR that ?
of course you would be betting the Ruble would not fall much further, but honestly if you locked it in for 20 years or such, surely whatever financial problems happening now would blow over by then.
The market has done to the Russians what Reagan did to the Soviet Union. The only thing bad about it is that Zero will take credit.
Watch and learn, see how everyday people in Russia cope with this. The world financial system remains in a very precarious state. It could be us someday, so I wouldn’t gloat.
I smell war. I smell Gog and Magog of Ezekiel 38 & 39!! It is coming and soon.
America headed for crash as oil prices plummet and housing bubble bursts.
It is absurd to think that a country that is among the richest in natural resources would be brought to the point of "economic freefall" by whatever insignificant measures the Obama administration has done (with great fanfare).
Russia is among the most dominant players in oil markets and at times the single most dominant player. It can exert tremendous influence over the market.
It is also not unusual for countries to devalue their currencies for their own gain, and should it surprise anyone that Russia would do so aggressively, vindictively, almost as an act of war, without regard for the welfare of its common citizens?
I thought FReepers might appreciate a perspective that didn't originate in disinformation brainstorming session.