Posted on 12/28/2014 6:24:46 AM PST by Kaslin
So Putin needs to find more dollars, and he needs to find them now. Where, you ask? Well, the answer is as obvious as it is unlikely: Russia’s companies. Now, the government has said it will never use capital controls—forbidding people and corporations from turning their rubles into foreign currency—even as it’s started to introduce them. It’s already ordered the big exporters to sell some of their dollars for rubles, and then keep their dollar reserves at that level from now on.
Me too, that’s 4 Trillion bucks!
I’ve never heard that about Russia.
Where did all the Freepers go who think Russia is not a third world country? LOL!
How He and His Cronies Stole Russia (Putin) http://www.freerepublic.com/focus/news/3241331/posts
I could not agree more.
I feel like singing Dandy Don Mererith theme song turn off the lights game is over for Russia
China alone cannot stop the economic collapse of Russia, they can slow it a bit and will rape Russia in return.
Russia (Putin) created this mess and now no one will invest in anything Russian for a long long time. Putin thought he could take on the world and he lost.
Putin is not smart he is an idiot. Putin is not strong, he is a thug, a punk. He will not wake up one morning soon and go to hell. Russia will most likely end up with someone just like Putin running the country again. Bottom line Russians get what they deserve.
You are thinking too jingoisticly. America, is run by the oligarchs. This was most evident with the BS the House pulled right after the election. When the oligarchs run things, they only care about their money and power. It doesn’t matter where it comes from.
Unfortunately there are some here on FreeRepublic who cling to the mid-20th century notion that those big ponds on the east and west coast can isolate the United States from the rest of the world, and if we just bring back big smokestack companies like Studebaker and Packard, everything would be honky-dory.
We are simply a little less screwed than Russia. But we will find ourselves in breadlines or trenches before this is done. Some people think the 2008 recession was bad.
It could be worse this time.
We will see.
I've got a feeling the final currency will be lead.
Re: “Russia has about $4000 billion in foreign currency reserves...”
That equals $4 trillion, which sounds very high.
I wonder if the author meant $400 billion?
If you just read Lifschultz’s letter in the article it is worth the time to read it.
Well it is interesting, but I'm not sure I'm buying it. It is true Europe is in no position to coerce Russia in the short term, but that has been true since they put in the first pipeline in the 1990s. During that interval, both Europe and the US have been through a Russian meltdown due to low oil prices. Such a shock might actually get them serious about energy independence, making thorium reactors rather more palatable. Their big problem is their own greenie left, just as it is here.
As to the article, many of the supposed "History of US Foreign Policy Disasters" are either twisted stretches or completely bogus; for example, unless I'm mistaken the US opposed German reparations after WWI, which was instead a French demand.
So why should I heed such an "analyst"? The US is more economically strung out to Asia than Europe anyway. A good swift dose of reality might just get them dealing with their Islamic underbelly before that cancer metastasizes.
The list of foreign policy failures were Shedlock’s not Lifschultz’s. I think the letter written by Lifschultz presents the Russian view and it is quite interesting.
Clearly so. I was lumping them because the latter was cited in support of the former perspective. The people who escaped the entire discussion were the traders, yet to a serious degree, they are more culpable for the volatility of the "adjustments" than anyone.
I am moved to recall what Mahathir Mohammed's currency controls in Malaysia did to these destructive creeps, particularly Soros. That his name goes unmentioned in a discussion of currency wars is particularly telling.
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