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Russian Hyperinflation Deja Vu?
Presented with little comment aside to ask... just how many lives does a Russian Ruble have?
Note: The Russian Ruble has devalued against the USD over 11% in the last few weeks (at an annualized pace of 91%)...
h/t Steve Hanke and @Not_Jim_Cramer
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Where's the US when Russia retaliates with "GAS FOR GOLD, OIL FOR GOLD"?
Fucked. Fucked right in the ass. That's where. Barry loves getting fucked in the ass! Fuck you Obama!
I tend to think "oil for gold" is when the CIA and its ilk make the world believe that Russia started WWIII with a false flag. And I think Putin knows this. I heard a great interview of Paul Craig Roberts today (linked by someone here -- can't remember who but thanks), and he thinks the neocons will back down before actually starting a hot war. I'm not so sure he's right if their fiat based dollar system is threatened overtly.
Oil for gold is when that Malaysian jet takes off from the Maldives or wherever towards Russia with an EMP
Marx/Lenin were right about the West hanging themselves with their own rope.
Which would be true, if the west weren't currently run by socialists.
"socialists" care about people,
the west is ran by NATIONAL-SOCIALISTS, NAZI's
NAZI's are big corporations and socialism for the corporation
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Socialism for the PEOPLE has NEVER existed in the USA, ever.
Idiot ^^^^^
^^^^^^^^sycophants
The Russian economy will be crushed. America has a lot of power. People forget that because most of us are overweight and shop at Walmart. Bitches.
Who in Russia cares about it? For last 23 post-Soviet years we had been through so many defaults, hyperinflations and in general hard times so one more time is not a problem. Crimea is Russian land with Russian people and it is worth any sanctions.
NAZI is an acronym with the word socialist in it. You didn't really just try to say nazi's are bad but socialists are good, did you?
Time for you to get banned again, spambot.
Time to you to stop talking to yourself.
What's the matter, did somebody kick you in the pussy?
Like North Korean Socialism?
Cuban Socialism?
Cambodian Socialism?
Cultural Revolution Socialism?
If we get the "good" Peoples Socialism, I'm long mass graves.
And T.Douglas' eyes just rolled over in his grave (again)
"They had built up a straw man and now they were knocking it down"-TD
PS
A greenie for Knuks, for whom the penny has finally dropped:
LEFTY DON'T GOLF
Socialist hate people. They despise people. They think people are stupid, malign and evil, and that why you need a state to overthrow the rule of law, make economic choices for them and control them. As Hayek made abundently clear in 'the road to serfdom' Nazism is socialism. Not whatever fantasy you have in your head.
The greatest "socialists" are and were always the millionaires and billionaires.
Collectivism and hand steered world revolution is the hot dream of these nwo-fuckers.
Looky what happens when a millionaire is not playing ball.
Emails Reveal Deceased Hedge Fund Manager Refused To Join Bill Gates’ "Worthless" Giving Pledge
http://www.buzzfeed.com/rosiegray/exclusive-emails-reveal-deceased-hedge...
I guess that's why the Nazis showed up at Ludwig von Mises's door the morning after he fled to Switzerland. And fearing for his safety even in Switzerland, he fled to the US.
You want Socialism for the people? Go to Venezuela and wait in line for toilet paper and other basic necessities, if you can even get them.
If Barry thinks Russia will leave the Crimea over money, he is blowing smoke up his own ass.
The Russkies don't worry about food. They have wodka.
(Come to think of it, we could make some righteous change selling tickets to that show.)
When you get right down to it, oligarchs (whether socialist or capitalist) care little for the concerns of the "little people".
One side will exploit their emotions to keep them on the EBT plantation, the other will exploit their labor to keep them on the treadmill grasping for the golden ring.
I'm sure both varieties get a real kick out of this theater of the absurd, of having gala's and balls for the poor & infirmed, of starting wars of distraction, of prying into our lives to see what else can be "mined"...but make no mistake, a day of reckoning is coming.
I'll pull the lever on all of them with a ;-)
"I'm sure both varieties get a real kick out of this theater of the absurd, of having gala's and balls for the poor & infirmed, of starting wars of distraction, of prying into our lives to see what else can be "mined"...but make no mistake, a day of reckoning is coming."
I'am positive. These sick bastards enjoy the theater.
VV Putin was never about money.
wolves are always offended when kept from sheep.
he is blowing smoke up his own ass.
That's where 90% of the man-made global warming is coming from.
Knuckles...for whatever it's worth, the last world dynasty mentioned in the bible is the west.
When our gig is up, so is the world's.
The west could all implode, and the rest of the world would be just fine.
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biblical history, was still written by the assholes who won prior war's, like all history,
Religion, is great example of bullshit, ... while Religion has its purpose to pacificy morons inclined to violence, calling the the MOSSAD "Jewish" is a crock of shit.
It would be lik calling "CHARLIE MANSION" a Christian.
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In all human history there will always be good place to live and bad places, ..
Some of us have the 10 commandments hard-wired in our hearts, others need to have them pounded into them,... the latter need religion, the prior do not.
That is because the prior are hard wired to live by natural law as defined by God
Grown-ass folks are still setting their clocks by a 2000 year old fairy tale.
Christ on a stick, folks, it's a little late in the game for this shit.
All the people who've brought us to this point cannot be believers to have behaved the way they have. How is faith in man working for ya there pal?
Sure they 'believe', in Mammon. 'Turning the other cheek' hasn't had much of an effect, in case you hadn't noticed.
"What Jesus fails to appreciate is that the meek are part of the problem."-Reg of the PFJ
Both the US and the Russians have had air-burst EMP devices since the 60s. Not like the EMP pulse of a nuke designed to do physical damage, they pop WAY up in the atmospere. They cover a HUGE diameter and can fry any unshielded electronics instantly. Not just integrated circuit boards. They can fry some pretty stout electro-mechanical components, too, like electric motors, generators, etc.
I'm told about the only thing safe from them are electro-chemical systems. Like batteries and human beings.
Just repeating what has been told to me by family who claim to have military knowlege in this area.
EMP damage depends on a few factors, but the two main things are wire length and shielding. A basic handheld radio, cellphone, flashlight, or other small electronics simply doesn't have enough length for a meaningful voltage gradient to develop over it and cause problems. At distances where an EMP would cause issues with small electronics or integrated circuits, well, trust me, you got bigger problems than the ipad not working, like finding some replacement skin.
Anything with a long enough wire -- power grid and anything atttached to it, wireline telephones, cable TV/internet, large antennas -- will get smoked by high altitude EMP. This pretty much terminates a developed economy.
There's an in-depth study of vehicles that wasn't done too long ago, and an EMP only stopped about half of them, and all but one was back with just a power cycle of the ignition switch. Fixing the grid won't be so easy, I doubt it'd be back to where it was before an EMP in a lifetime.
Agreed re restoration in a lifetime... the biggest issue would be that so many components would need to be replaced, and the manufacture of those replacement parts would be near impossible without machinery... so we'd be sitting there rebuilding all sorts of machines to create more powerful machines, so we could recreate some of the components used in the industrial systems.
I'll trust you on the rest. If I was not on the upper floors of my apartment building, I'd build a faraday cage maybe for some useful electronics.
http://www.thesurvivalistblog.net/building-a-faraday-cage/ - some of the comments are pretty critical of the article... it was just a quick link i found.
http://www.futurescience.com/emp.html
Ranger, I read the article. It isn't totally correct as some of the comments stated. He confuses electrical potential such as lightning with electromagnetic radiation such as in an EMP. They aren't the same. The electric grid and anything with long wires will be fried. Things connected to the grid, cable or telephone wires will probably be fried as well. Other stuff not so much. I agree with the long timeline for restoration.
seek, what odds do you place on an emp being utilized against the u.s.?
Pretty low odds IMO. I'm no gambler nor an expert on geopolitics, but it needs to be realized that an EMP is an all-or-nothing commitment to WW3.
In a nutshell, anyone that triggers a EMP against the US is detonating a nuclear weapon on/above US soil, and destroying infrastructure on a national scale. The response to such an attack would be apocalyptic.
Suppose, if you will, there are already nukes orbiting the earth above the US. An attack could be initiated via a missile on a false flagged freighter in the Gulf of Mexico, carried in by a civilian airliner like a 777, or dropped from orbit. In theory, it would be awfully hard to figure out who did it. And so what if we did? Would we really initiate the end of the world by retaliating with a world ending strike for an attack that didn't actually kill anyone? Yes, the majority of the population would die but that would be on us for being unprepared.
It would be risky. But if it were pulled off the puller(s) would own the world.
"Would we really initiate the end of the world by retaliating with a world ending strike for an attack that didn't actually kill anyone? Yes, the majority of the population would die......." ------TheReplacement
Wha...? Huh? If the attack didn't kill anyone then how did the majority of the population die? Old age??
You didn't really read the whole thread, did you? Keep up, this shit ain't gonna wait on your slow ass
"Would we really initiate the end of the world by retaliating with a world ending strike for an attack that didn't actually kill anyone?"
Yes, we would. The whole game theory of nukes requires that it happen.
Barry would call for a beer summit first, followed by talking through, while Putin annexes Delaware.
I'm not sure that EMPs would be used in quite the way many think. A few rental trucks in Langley, Manhattan, Silicon Valley and some other spots would achieve quite a lot, no matter what happened with the electrical grid.
Anyway, take or leave that, of course, but another point is that people also think far, far too much in terms of electronics and not nearly enough in terms of biological agents. Water, air...
I think the ability to control the situation in a war with a nation like Russia would deteriorate much more swiftly than the old fucks in charge truly realize. I may be and hope I am wrong.
An EMP that brought down the power grid would be a global extinction level event.
The Fukushima nuclear power plant disaster is all anyone needs to realize this. Even if reactors could be shut down safely, which is questionable, there are dozens of plants in the US with on-site spent fuel storage pools. Without electricity to run the cooling systems, the water boils off and then the spent fuel rods start to burn.
For those who have seen the film Dr. Strangelove, you can consider nuclear power plants to be the equivalent, in terms of end results, of the doomsday device.
Here you can read the 2008 EMP Commission Report: http://www.empcommission.org/docs/A2473-EMP_Commission-7MB.pdf
Neocon's are insane, your giving them credit much,
They have already killed 100 million too get the money-tree where it is today, they're NOT going to walk away from this kind of power.
Besides the entire CIA/mossad pension system is dependent upon this free fiat to infinity, ... millions of people have a vested interest in MURDER.
Where is RM? Did he get deleted?
In the last Century the NEO-CON's killed 100 Million, I say in this century they will kill a BILLION.
War is coming LTR.
I agree with you, and I don't think PCR is right on that call. The neocons are insane in the clinical sense -- completely detatched from reality. Listen to McCain sometime, he really believes most of the shit he's spewing. The left has their own version of this, but it seems to be limited to the nanny-state-cures-all mentality. Don't forget the neocons have more than a few of the religious right who think it's a duty to bring about the end times as well.
You touch on a key point, though -- if the fiat system is threatened, both sides of the one party lose all their power. Even worse, there's more than enough evidence floating about in files within the government that would allow specific people to be blamed and identified as major enablers of the banking-based takeover (and subsequent collapse) of the US. If the system collapses a lot of the people responsible will be at best wishing for an event that obliterates records, and at worst doing their most to bring that to fruition.
All files are kept by IRON-MOUNTAIN and all facilitys are pre-wired for incineration.
All file(s) today of course could mean NSA HQ in UTAH, ... but it will still burn, ..
Just like when the Berlin Wall fell, the cockroaches MUST cover their tracks.
I was just reading today that most parts of the gov parts of DC are wired with explosives, in the event they need to be blown up to keep them out of prying hands / eyes. I don't know if any of that is true, but it seemed plausible... Military installations, I assume the military would just blow them up manually... bomb them to smithereens.
Like WTC #7 ??? Was it prewired for Demolition to keep the Enron case, and other scandals, from being discovered and prosecuted?
You sound like a Conspiracy Theorist...
/s
Back in the 70's I was in the military. We had instructions to use incendiary devices to destroy sensitive information and equipment. It was manual back then, I wouldn't know how it will be done now.
Is that the same Iron Mountain, in which the Argentinean financial files burned about 6 weeks ago, and which killed a number of staffers?
Bathhouse Barry strikes again!
BHO n his ilk r just a bunch of satanist, homosexusal, canabalistic pedophiles. Nothing more to say...
Damn right Kirk. Well said.
+100
Nope.
If the US gives up running the world they can tell them to shove it.
Shit, never will get to that point anyway.
What was it 5% of Russia's exports go to USA, and that's 99% caviar and vodka.
Not likely that Russian expats in the USA will have to pay in gold.
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The USA has no leverage over Russia.
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Putin is happy to get EURO's for his oil, that is real money.
If the USA bought massive oil from Russia, then yes PUTIN would be demanding Euro's, or GOLD.
The Euro is real money?
Oh, that's right, they print larger 500EU denominations backed by jackshit
Guess the ECB could take St. Francis of A Sissy's foreskin from Banca Monte dei Paschi di Siena for collateral, next.
Who knows?
Spend it while it's hot.
That, doesn't sound right.
A continuum of FIAT, where shit is on the left, and gold is on the RIGHT.
The EURO is right of center, and the USD is far left, down near bitcoin, litecoin, and other shit FIAT.
Far right would be CHF, SGD, NOK.
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You would like people to think that ALL FIAT is SAME, it is NOT.
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Everybody wants EURO's now, its why there is WAR in CRIMEA, every tribe is trying to be the SOLE supplier of heating-oil to EUROPE, to get those euros.
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Everybody knows that the USD money-tree is about to DIE, and the CIA/MOSSAD has payrolls/pensions to make otherwise everything collapses and that outcome is NOT planned in any of the scenarios.
Stepping aside from the content of posts for the moment, I must say zionhead, I am intrigued by the pic you post for your identity. It strikes me as a cross between Steven Hawkings & Hilliary Clinton.
Creepy to the max.
Hillary 2016, Creepy sort of like having sex with Dick Cheney. Take a good long look at the next President of the USA.
Cass Sunstein say's those who mock and denigrate Hitlery like this should be imprisoned.
I was thinking the exact thing the other day. Maybe there is a crick in her neck from a night chewing on Huma Abedin's carpet?
Gas for any other currency would have the same effect. Russia sells gas for all currencies..would implode all paper currencies. They are all dependent on the USD>
RIPS
Fuck Paper!
I wonder are these naked shorts or are there really that many rubles held abroad that are being dumped? This would be a great time for Putin to buy Rubles through an intermediary and kick some fascist banker ass.
Probably some of both. I wouldn't own Rubles right now. The face of Western opposition to Russia may seem laughable in its incompetence, but the oligarchs behind the scenes are not stupid. Putin's true foe is not the clown in the Whitehouse.
ah, but the clock is running on the oligarchs. they have exported far more usa clownbux than putin has rubles.
Pay no attention to the man behind the curtain.
... and the same goes for your leetle dawg;)
"the biggest bankers to Ukraine are the Ukrainians." Obviously the Russians are backing that entire State up that "Putiestan" is invading.
Soon "no more Russian Bankers."
Since you all love "precipitous acts" in these here parts (starting fires for someone else to put out..and none of you are alone in that regard i might add) let me define the term for you:
http://books.google.com/books?id=M_DBt_t_1CsC&pg=PA35&lpg=PA35&dq=precip...
Not that many a State Agent understands this concept very well actually. "Why not kill women and children?" however "thinking two moves ahead" here...you might not understand where you are going "with this"...but that "computer" sure does.
so when "Junior" goes off to war...know this..."he's already been war-gamed." (DEAD.) That's why there is no substitute for skilled diplomacy...because by definition "the machine won't talk to its enemies but only with its friends."
So we need diplomats...people..."go over there, see what the guy's problem is." Maybe he's just angry with himself or has some personal problems that need "tweeking"?
Surely we can be reasonable and discuss these affairs.
Let me give you ignorant phucks a simple example: http://www.youtube.com/watch?v=68QbPnGQNFA
"Surely we can call each other names and not be killed for it."
What makes you think that the oligarchs behind the clown prez are U.S. based?
Recall that the Fed put up 16 TRILLION in loans to EU banks.
And exactly who are the owners of the Fed...has that ever been traced down to the family/individual level?
There's a lot of speculation that the real controllers are shaking the tree so as to scare all the plebes into asking for salvation. That theory makes as much or more sense to me than anything else.
Look at the tend, every revelation shows that markets are rigged, revolutions are rigged, FX/Gold/Libor/Stocks are rigged.
Why shouldn't world events also be orchestrated?
I suspect the folk at the very top are crafty & smart beyond imagination.
Agreed Rand. Russia looks relatively immune to Western pressure, but the real questions are
1 Who has something to lose, and
2 Are they able to do something about it?
Pressure from within is the killer, especially in a relatively low tech, under capitalized country.
Russia's economy is already a mess without any sanctions. If hair Kerry and 0 push sanctions the Ruble will disintegrate.The US has too many countries dependent on the dollar debt they have, best play is short Ruble.
I respect Putin for his transparency but he is still a communist.
Exactly. Either obama is in control and is incompetent, or he isn't in control and is a puppet. You can't have it both ways. Well, he can be incompetent, but under that scenario it doesn't matter.
puppet. so was Bush, so was Clinton... I don't think Daddy Bush was. Daddy Bush was a bad, bad muthafucka in his own right.
What we'd learn, I bet, if some enterprising Deltas grabbed him and got him chatting.
Him, and Cheney.
Oh yeah, and Larry Silverstein.
A fella can dream, can't he?
The more than Putin looks like the competent party in the room, the more money and power will legitimize him and the Russian economy. He's a real threat to western money interests, unlike, say, Iran. Capital wants basically want one thing: stability. If he can hold his gains WITH stability following shortly thereafter, he's got a shot at attracting more capital in the long run instead of scaring it away.
BTW- Putin knows this already. Today's vote in Crimea is aimed directly at legitimizing his actions. Believe that line of logic or not, the optics of it are now as follows: this was not just a brutal military overrun of an unwilling population. They voted to be part of Russia, not Ukraine. Whatever actions the west now takes to push back, they may be seen as the aggressor.
Sorry, gravity will win this one.
The Ruble will not fool the smart money. The oil/gas Russia has is not enough to keep his country from exponentially increasing their debt - aka - trying the Bernanke trick will not work for the Ruble, no matter how much weight Putin can bench or how many testosterone shot he takes.
I think China has postured in the 180 degree fashion in holding so many US FX reserves, correct?
All that needs to happen is the Chinese Government start buying Rubles like its going out of style and they would crush these EU/US banker pussies, they arent going to stay short against the red dragon! Thats like thinking you are going to outlast Benny Big Bucks in 2009 at the FED!
Russia and China have this planned out alrerady folks, they've ran the situationals on this and have options, its just guessing what their "red lines" are, thats got everyone up at night!
+1 "They" think Russia will throw in the towel on the Ruble like they always do thus causing internal problems for Putie. I hope it backfires on them big time and the USD gets the big international FLUSH.
If the Dollar flushes so does every other currency in the world.
Why not? Silver lost more than twice its value based on its high of a couple of years ago. They will continue to play these games so long as the system remains intact that allows it.
If silver were a woman I would punch her in the tits and call her a deadbeat with no ambition. Then I'd drive away and kick dirt up in her face, then after a few minutes I'd come back and she would think I was going to stop but i'd just drive by and give her the finger.
If silver were a woman, at least you'd have good memories. As it is, that bitch took half my net worth but she's still living in the house looking all shiny and pretty but mocking me.
Good point. It's worse though. Thw woman would have eventually left. This thing still sits there like the blob.
When I've had too much to drink, I take it out like an old highschool yearbook.
I do that with my pecker.
The judges were looking for "I do that with my pecker".
Tremendous.
You guys are writing like silver is the Sandra Bernhard of investments when it's really Amy Adams. Let her make Talladega Nights, she'll be winning Oscars eventually.
Crap now I have that Sandra Bernhard image stuck in my head... must... sell... silver....
You remind of your friend who was shot down while he was hammered in a bar by some arrogant chick.
His pain was over in a minute. This is endless.
You should have known silver was no get rich quick scheme. Silver is a wealth preserver. Come back to ZH in 5 years and cry us a river.
i'm buying more if we see $15. but in the meantime i'm going to verbally abuse her until we see $30. At $40 I will beg her to take me back.
Silver hates when you talk about gold.
I'd rather be "shot down" by an arrogant bitch in a Bar then end up being married to the fucking, miserable cunt.
They can eat muffin or read "Romance" Novels for the rest of their days living alone.
If they do not have respect for me then I do not want them around me. There is far too much other pussy in the World than to have to deal with that kind of crap.
Was it Method Man who said...
"The only thing as good as pussy is another pussy."
Personally, I'd've specified 'Asian', but regardless your preference, there's an abundance.
You guys are caught up with how everyone else views silver. As with women, it shouldn't matter what everyone else says, it's how you feel.
Good man. Ya gotta hold her.
A theory -
In the past 30 days, the cartel has lost control of the gold market and we are now back to a solid linear trend until the inflation numbers pick up. After that it's "Goodnight Irene"!
With that being the case, only the control of silver will dampen enthusiasm for PMs in the short term since silver has to be prevented from confirming gold's move. The market is still small enough to be controlled...until it can't. Silver will catch up. It always does.
Again, just my theory du jour.
Sounds like one of my old girl friends - fortunately my net worth at the time consisted of an old car and a shiny watch and yes, she mocked me
Chris Brown is that you ??
So you found out silver was at my house last night. Well, she's back, and she's looking good!
So now I can add you to my lipstick list. You and Max Keiser.
Keiser turned silver into his personal maid. I however love the girl.
Damn fonz sounds like your ex was real bitch. All I ever wanted was for them ( x 3) to stay out of my bank account.
Hilarious Fonz. Truly - epic.
I'm still waiting to post to the Blythe though. Our time will come - I have no doubt.
http://www.youtube.com/watch?v=W8ahBqVuT68
Sylver IS a woman.
http://www.sylversite.be/
Damn Fonz - all a man asks is to be fucked by their woman and she did what you asked.
The punching in the tits thing is a little harsh, just sell all her shit and change the locks.
This is how cockroaches roll. Fuck with the money backed by nothing. Who cares if workers lose their life savings or children go hungry, or if civility within society breaks down? Who bleeds when war starts and lives are lost? Certainly not the parasite class of banksters.
Anybody know roughly how much gold russia is holding?
http://www.ftseglobalmarkets.com/news/wgc-releases-official-gold-holdings.html
Try this for a quick look...
Tyler posted a fancy chart a while back if you want to search.
DaddyO
Thanks, it looks like a little over 1,000 tonnes
Who needs gold if you have oil and gas?
Nobody can use gold when there is hyperinflation. Want to see the look on hungry people's faces when you say you want to give them gold for their car.
I did not mark you down but you really have this wrong.
I am sure if there is very little to be had anywhere on the globe, then you would be right. But folks panned for gold in Zimbabwe hoping to find even tiny bits just to buy bread.
https://www.youtube.com/watch?v=s3LdNxV0yPM
West or East of Urals?
I thought Russia had one of the lowest Debt ratios?
Seems like he was positioning the Rubble for something just like this.
Race to the bottom!
many productive people ( in various countries ) and resource rich countries lack money, while some unproductive people and overpopulated countries have plenty of money. All because the production of money is controlled by some very unproductive people.
Cold war 2 or WW3?
Rusia and China can return the favor and destoy the US financial markets.
Use the HFTs systems to your advantage.
HFT algos: Eminently Hackable Systems
Talk about Eminently Hackable Systems where's the fonestar?
Wait and see what happens to fiat based currencies when the #2 exporter of crude oil (Russia) decides to cut back on production. Also wait and see where the social unrest is when gas is $10 a gallon.
Normally, I would be in 100% agreeance with you when it comes to actual natural reasources and production vs fiat. However this is the not the case. Russia cannot survive unless they export oil/gas. Even if the price pops, they dont get paid unless they export.
they survived much worse. they can offer to exchange oil only for other real goods and watch as the ponzi unravels.
China will be more than happy to buy every barrel of crude or cubic meter of LNG Europe decides not to buy.
as many times in the past, resolve of russia is being underestimated. They may be vodka loving and all that, but living through a very cold winters for a long time, also have made them a very resilient bunch.
Russians can be very clever
And not scared of much
Whereas the American Bitchass loves a good cheetoh while Kardashians are on!
A price reduction for most Europeans.
I think you meant $50 per gallon.
Ok, the second time in this thread alone you are pimping your shit blog? FUCK OFF ALREADY !
How can I post purdy pictures?
one has to distinguish Soviet ruble and Russian ruble
all those 1990ies devaluations in former soviet republics were actually soviet ruble collapses
btw as it appears now the best investment ( i mean honest not thievery) back then was to buy land around major cities (so called datchas)
I just took a leak. At the rate I'm losing water I should be dead of thirst in an hour.
Russia's economy is a LOT better off now than in the 1990's. Look at their debt to gdp, and fx and gold reserves. They're coming up.
It is more depenent on gas and oil exports than it has ever been. It still runs on the infrastructure built in 1970s with very little modernization being done to it over the years. Russian economy can be described as better organized than it was in 1990s, but is it better? Hm, no. In 1999, Russia needed oil at $28/barrel to balance the budget. Today, the oil must be at $103 for Russian budget to be balanced (and it continues to trend in the same direction). They years of relative success were due to the rising raw materials prices, nothing else. Much like a typical banana republic, Russia can celebrate that price of bananas went up and pat itself on the shoulder for this great success. But just like a typical banana republic, Russia blows its sudden riches on buying luxuries it cannot afford in long-term, not on building its economy.
"Russia blows its sudden riches on buying luxuries it cannot afford in long-term, not on building its economy."
They should try a 17 trillion debt fuck like here in 'Merica!
Russians and former Soviets please share your wisdom gained from the collapse your Union. What would you like to tell us Americans that would be of benefit? What mistakes did you make or see others make? What do you wish you had done differently? What do you wish you had done more of? What could be be in for?
Think about America in the 1930s. There was a lot of violence. There was a lot of bloodshed. There was a lot of organized crime. There was a lot of local corruption. It was grift and graft. Everybody was out to steal everybody else's nickel because there was a whole lot of want and unfulfilled need with little to go around.
Multiply that by ten fold or one hundred fold. That is what it will be like.
Add in collapsing healthcare during the process. Post-Soviet expected lifespans went into the toilet. Lasted 20 years at least.
Add interesting diseases :- HIV, diptheria, tuberculosis...
Fun times
/s
In 1999 I read a lot of books on the Great Depression to try to get an idea about what might happen if the worst of Y2K played out. I did not recall reading about much violence and bloodshed. Just proud people keeping to themselves and slowly starving. I really enjoyed Studs Terkel's Hard Times: an oral history of the great dpression. Are you implying this was all propaganda?
Sounds like today
I was in Russia in 1992 when the inflation hit and I could get about 100 Rubles for $1, so a steak dinner in a restaurant cost 25 cents, military belts with brass buckles were 3 cents, watches were 20 cents. It was fun. Wonder when tourists will come here and have the same fun...
Fun if you have dollars for Rubles, not so much if you have Rubles.
Just wait, Yellen is working on the dollar crash, and the Chinese on the petro-dollar unhinging.
This is not inflatioin Russia itself. It is inflation on internaional trade. Since Russia is a net exporter this will be beneficial for them (reevigmre valuable currency). I would expect to see large increases in energy prices.
Anyone else have letters skipping as you post? PIA
Aside from raw materials (and a bit of arms), Russia exports very little, if anything worth mentioning. Most consumer good are imported. What it means is not that Russian exports would magically grow; they are limited by the global demand for raw materils. But rather it means that Russians would suddenly be able to buy less.
Hyperinflation is a bankster weapon rather than a natural part of the economic cycle. It most famously occurred in Germany in the 1930's and according to Milton Friedman only occurred because the Rothschild linked private banks that had taken control of the German central bank, initiated it. So if there is hyperinflation the Rothschilds are the likely culprits...hopefully this time they will regret what they have done.
I get the feeling that the FED and Obama are playing darts in a bar, and Russia is playing chess while sober. A devalued petro-Ruble will make its gass and oil more expensive. A petro-ruble really can not devalue easily past a certain point.
Once the population beat their ipads into swords and begin to turn on the kleptocracy that has done most of the damage politicians will begin to give more than occasional lip service to conservative political views. Most will, in fact, demand that was their agenda all along. The real question is at that point where the front be where Vlad is laying land mines. Closer to home than you think. Ultimately people may choose socialism in whatever form over a completely corrupt financial system that makes them debt slaves for generations while funding a fantastically wealthy elite and their constant disregard for the legal system. Barry is doing this quite nicely at this point to save his disasterous single payer health care system attempt. The irony is the people behind the former iron curtain may be the ones ultimately saving our ass, if we can survive.