R K Posted November 7, 2014 Share Posted November 7, 2014 Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 7, 2014 Share Posted November 7, 2014 theyll issue something else. Quote Link to comment Share on other sites More sharing options...
PricedOutNative Posted November 7, 2014 Share Posted November 7, 2014 That will teach them for attempting to cut the dollar out of the oil trade… Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 7, 2014 Share Posted November 7, 2014 Shale gas blues...........how dare oil rich countries have to actually work for a living. Quote Link to comment Share on other sites More sharing options...
Lifes a game Posted November 7, 2014 Share Posted November 7, 2014 Atleast they wont be at the mercy of the western banks afterwards Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 7, 2014 Share Posted November 7, 2014 An example of what happens to an economy when they don't play by the rules as dictated by the world supreme leaders....basically Merkel and Obama. Meanwhile Merkel has the same torture pencilled in for the UK after we leave the EU. Quote Link to comment Share on other sites More sharing options...
R K Posted November 7, 2014 Author Share Posted November 7, 2014 http://blogs.ft.com/beyond-brics/2014/11/07/roubles-slide-revives-memories-of-dark-days-of-1998-and-2008/ Central bank given up Capital flight hyperwotsits Vlad just got made Quote Link to comment Share on other sites More sharing options...
GinAndPlatonic Posted November 7, 2014 Share Posted November 7, 2014 (edited) NATO has scrambled fighter jets to intercept an unusually high number of Russian military aircraft on Oct. 28 and 29 http://uk.businessinsider.com/nato-has-intercepted-number-of-russian-jets-2014-10?r=US If the bear is cornered it will react Edited November 7, 2014 by GinAndPlatonic Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 7, 2014 Share Posted November 7, 2014 (edited) NATO has scrambled fighter jets to intercept an unusually high number of Russian military aircraft on Oct. 28 and 29 http://uk.businessinsider.com/nato-has-intercepted-number-of-russian-jets-2014-10?r=US If the bear is cornered it will react It's got a few ace cards up its sleeve yet.....just turn the gas line off then we can all suffer together. Edited November 7, 2014 by crashmonitor Quote Link to comment Share on other sites More sharing options...
bankstersparadise Posted November 7, 2014 Share Posted November 7, 2014 Don't forget whilst that has been happening real wage growth has beaten real decline in FX rate and so the average Russian on the street is still better off in USD. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted November 7, 2014 Share Posted November 7, 2014 It's interesting where this is going to go from a geo-political standpoint. Putin certainly isn't in the same position as Mubarack, whose options were strongly limited by western opinion. The west of course has significant interest in a stable Russia, not too strong or too weak of course. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 7, 2014 Share Posted November 7, 2014 It's got a few ace cards up its sleeve yet.....just turn the gas line off then we can all suffer together. Yeah right, we've got what 14 days gas storage capacity. Try your best Putin...... He won't last more than 13 days before he breaks and turns it back on...... I'm in the process of having a log burner fitted in the house, so if this does happen at least we have an option to heat some of the house. Quote Link to comment Share on other sites More sharing options...
interestrateripoff Posted November 7, 2014 Share Posted November 7, 2014 It's interesting where this is going to go from a geo-political standpoint. Putin certainly isn't in the same position as Mubarack, whose options were strongly limited by western opinion. The west of course has significant interest in a stable Russia, not too strong or too weak of course. In old school politics this balance was achieved with the old powers of Britain, Germany and France. Luckily the US decided in it's wisdom to get rid of the old school, now there is no power in Europe to contain the bear. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 7, 2014 Share Posted November 7, 2014 http://blogs.ft.com/beyond-brics/2014/11/07/roubles-slide-revives-memories-of-dark-days-of-1998-and-2008/ Central bank given up Capital flight hyperwotsits Vlad just got made Imagine they just default. Who is the loser then? Quote Link to comment Share on other sites More sharing options...
crashmonitor Posted November 7, 2014 Share Posted November 7, 2014 One assumes that Putin is playing the long game.....if Russia holds the Crimea for a few decades to come then it will be paid back in the end. Quote Link to comment Share on other sites More sharing options...
R K Posted November 7, 2014 Author Share Posted November 7, 2014 (edited) Imagine they just default. Who is the loser then? Vlad. Thought you were an Austrian who insists people/countries pay their debts? Edited November 7, 2014 by R K Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 7, 2014 Share Posted November 7, 2014 Vlad. Thought you were an Austrian who insists people/countries pay their debts? Where in austrian is there an insistence of debt repayment. The Whole essence of default is covered in the BUST phase of the Austrian Economic cycle. probably worth a bit more study than rumourmongering I suggest. Anyway, Vlad has some gas...we dont...we say, we wont pay in roubles, and by the way, we want our dollars back....what Does Vlad have to do?...he has all the gas he needs. Quote Link to comment Share on other sites More sharing options...
Gigantic Purple Slug Posted November 7, 2014 Share Posted November 7, 2014 Where in austrian is there an insistence of debt repayment. The Whole essence of default is covered in the BUST phase of the Austrian Economic cycle. probably worth a bit more study than rumourmongering I suggest. Anyway, Vlad has some gas...we dont...we say, we wont pay in roubles, and by the way, we want our dollars back....what Does Vlad have to do?...he has all the gas he needs. Well yes. Gas alone does not equal all the stuff that people want though, at least in the short term. Russia, like the US probably does have the ability to turn inwards completely should it desire. I doubt whether that would be much fun for the population in the short term but in the long term they could make something of it. Quote Link to comment Share on other sites More sharing options...
200p Posted November 7, 2014 Share Posted November 7, 2014 Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 7, 2014 Share Posted November 7, 2014 Well yes. Gas alone does not equal all the stuff that people want though, at least in the short term. Russia, like the US probably does have the ability to turn inwards completely should it desire. I doubt whether that would be much fun for the population in the short term but in the long term they could make something of it. People have lived on islands, continents, ice, deserts, whereever, thousands of years before someone thought of banking. Difficult, maybe, but one day, something vital is going to run out...and nature has one way of restoring balance. Quote Link to comment Share on other sites More sharing options...
onlyme2 Posted November 7, 2014 Share Posted November 7, 2014 (edited) I thought the whole world was trying to devalue as a means to beggar thy neighbour policies. Looks like they've got a winning strategy. Expect the Bank of England, PBoC, BoJ, ECB to be looking on jealously. Sometimes a bit of isolation can cause a resurgence. Look at the development of a payment system to rival VISA and Mastercard for instance. Difficult short term but could end up stronger long term. Cheese. Apparently one of the american "jack" cheeses is no longer available, so busy getting own replacement going. They could probably start up a whole semiconductor industry or take one of the linux distros and make it their own and base all their internal service government / service sector around that platform. So, yes, if the will is there and greed at the top does not take over and waste the resources available it would be possible to have a renaissance entirely due to being shut out of simply buying shit in. With the modern web it would be almost impossble NOT to get details of any IP / process / that they did not have, so in many ways far more viable now than in the past. Like the Chinese they probably already have one copy of pretty much any non-military device/part/machine that they could ever want to reverse engineer. Edited November 7, 2014 by onlyme2 Quote Link to comment Share on other sites More sharing options...
Executive Sadman Posted November 7, 2014 Share Posted November 7, 2014 So assuming the neo-nazi's dont kill you for being non-russian...a christmas break in St petersburg could be quite cheap? Quote Link to comment Share on other sites More sharing options...
R K Posted November 7, 2014 Author Share Posted November 7, 2014 Where in austrian is there an insistence of debt repayment. The Whole essence of default is covered in the BUST phase of the Austrian Economic cycle. probably worth a bit more study than rumourmongering I suggest. Anyway, Vlad has some gas...we dont...we say, we wont pay in roubles, and by the way, we want our dollars back....what Does Vlad have to do?...he has all the gas he needs. US/UK modest inflation = bad Russian (hyper) inflation = good Wish you Austrians would make your minds up! Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 7, 2014 Share Posted November 7, 2014 US/UK modest inflation = bad Russian (hyper) inflation = good Wish you Austrians would make your minds up! Are you deliberately making false claims to discredit, or are you genuinely not aware of the Austrian theory of credit cycles..where all those things you mention are good and bad in the different phases of the cycles...cause and effect. There is no mind to make up...there is a need to recognise what stage of the cycle you are in. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted November 7, 2014 Share Posted November 7, 2014 Cheese. Apparently one of the american "jack" cheeses is no longer available, so busy getting own replacement going. They could probably start up a whole semiconductor industry or take one of the linux distros and make it their own and base all their internal service government / service sector around that platform. So, yes, if the will is there and greed at the top does not take over and waste the resources available it would be possible to have a renaissance entirely due to being shut out of simply buying shit in. With the modern web it would be almost impossble NOT to get details of any IP / process / that they did not have, so in many ways far more viable now than in the past. Like the Chinese they probably already have one copy of pretty much any non-military device/part/machine that they could ever want to reverse engineer. China was closed for centuries...they built walls to keep us out. Quote Link to comment Share on other sites More sharing options...
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