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Russia's Demise
Posted: Mon Oct 19, 2015 6:47 am
by Ibanez
Fascinating article on Russia's economy woes.
http://www.telegraph.co.uk/finance/econ ... looms.html" onclick="window.open(this.href);return false;
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.
Vladislav Inozemtsev, from the Center for Post-Industrial Studies in Moscow, said the likely outcome is a retreat into autarky and pauperised decline, ending in withdrawal from the global trading system. “This way leads us towards a quasi-Soviet economy detached from the world and, at the same time, proud of its autarky; towards a deteriorating economy which compensates for the drop in living standards with pervasive propaganda,” he wrote
Some of you guys will enjoy the part of the article about America's oil production being a thorn in Russia's paw.
Re: Russia's Demise
Posted: Mon Oct 19, 2015 7:27 am
by Grizalltheway
B-but Putin's the man!!
Re: Russia's Demise
Posted: Mon Oct 19, 2015 7:31 am
by GannonFan
Again, thank you Fracking!
(oh, and Putin's really the only thing holding Russia together - if he exits the scene the Russia will collapse like it's 1989 all over again).
Re: Russia's Demise
Posted: Mon Oct 19, 2015 7:33 am
by ASUG8
Grizalltheway wrote:B-but Putin's the man!!
Re: Russia's Demise
Posted: Mon Oct 19, 2015 7:36 am
by ASUG8
Re: Russia's Demise
Posted: Mon Oct 19, 2015 7:38 am
by Grizalltheway
ASUG8 wrote:Grizalltheway wrote:B-but Putin's the man!!
Vladimir Putin is falling back on Soviet-era self-reliance as oil wealth evaporates and sanctions cut off vitally-needed technology
I guess they're doing something, but keep memeing away!
Re: Russia's Demise
Posted: Mon Oct 19, 2015 7:40 am
by ASUG8
Lighten up, Francis.
Re: Russia's Demise
Posted: Mon Oct 19, 2015 8:27 am
by Bronco
Re: Russia's Demise
Posted: Mon Oct 19, 2015 8:31 am
by kalm
Is this thread about Russia crumbling or kicking ass?
Re: Russia's Demise
Posted: Mon Oct 19, 2015 8:39 am
by ASUG8
kalm wrote:Is this thread about Russia crumbling or kicking ass?
Yes.
Re: Russia's Demise
Posted: Mon Oct 19, 2015 9:19 am
by andy7171
Re: Russia's Demise
Posted: Mon Oct 19, 2015 9:44 am
by Chizzang
Russia is collapsing...
Oh God no!!!
If Obama is in office when they crumble he'll get credit
Lord Reagan does not approve
Re: Russia's Demise
Posted: Mon Oct 19, 2015 10:26 am
by SDHornet
Re: Russia's Demise
Posted: Mon Oct 19, 2015 10:27 am
by CID1990
russia will never collapse
it is the trailerpark of the global village and trailparks do not collapse as long as there is cheap bodka and slutty women
