Chrissy wrote: 2seaoat wrote:What about the children who have been dying in Africa.....why is Putin suddenly going to take an interest in children. This is geopolitical gamesmanship and Syria is a counterbalance to the Nato member Turkey, and from our placement of short range missiles in Turkey during the early 60s the historic Russian ties with Nassar and Syria and the short lived union between the two was promoted and enhanced by the former Soviet Union. People have to understand and know history to have any semblance of a understanding of how this is playing out.
Russia was pulled from bankruptcy by oil and natural gas pricing. Western Europe is dependent on Russian Natural gas, and with the same fracking technology some of Europe is going to be self sufficient on natural gas. As the United States cuts our demand of oil and increases our supplies, Russia is facing real economic challenge. This geopolitical strategy, and showmanship. A hot war in Syria is not in the cards. I am not suggesting that the Civil war is not hot, nor am I suggesting that we should not be working for a cease fire, but global war.....nope.
I have some news for you about Russia's economic status and how that came to be. It wasn't all oil and natural gas. It was a banking model.
Russia was not participating in the global banking models until this year. their banks were privatized, hence the global market crash did not effect them. there are a few smaller countries that also do not participate in the global banking system, surprisingly enough Syria is one of those countries.
http://rbth.ru/business/2013/06/07/russian_banking_business_goes_global_26853.html
What we are watching is this. a new world order has emerged. the puppets have got us and sold our sovereignty away.
one little problem, American economy has to completely die before a new world currency can arise. we are well on our way to that and you seaoat have become the most ardent odumbass supporter here. You have now surpassed FT in sheeplyhood.
Actually, that wasn't the case at all. Duetsch Bank which is a global bank has had a strong presence in Russia for a long time. As you can read from this except the reason why Russian's GDP didn't sink as low was they were prepared and had money for a rainy day.
"If I look back and then look ahead, the first thing I would remark is that the macroeconomic response by the Central Bank, by the Ministry of Finance in Russia was on target and much quicker than it was in the west. So, the policy response was very appropriate for the difficulties that Russia faced and significantly aided in making sure that Russia came out of the crisis in an OK state. The reasons why the Government was able to do that was because it had saved enough for a rainy day, precisely for this event. Also, because, I believe, Russian policy makers successfully learned from some of the crises of the past in order to deal with this new crisis, whereas Western policy makers weren't nearly as quick to react to what was happening. So, I think, that speaks very highly of officials involved into finance ministry and the top levels at the CB. Looking forward, I believe that what Russia needs to be concerned with is making sure it continues to keep inflation in check – that's probably the single most important risk factor for Russia from a macro perspective.
One of the big benefits of the crisis has been that Government spending was reduced or kept flat, since it was the Government spending that was actually feeding the inflation rate. Having reduced inflation from the double digits that it was for most of the decade to single digits, to around 6%, has been a huge achievement.
Now when you look, you see that the inflation during the summer time has been creeping up again, not just because of the drought, not just because of the agriculture impact, but also because of the increased government spending, probably leading up to the next election cycle. That's the point that Russian policy makers need to really watch carefully.
http://rt.com/business/russia-economy-double-dip/
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