Russia is spiralling down into recession ( Archived) (61)

take look at question thread in au/nz

Is same here, however they are sinking the ship on the way out.
Try this:
In the Upper House Parliament of Australia the Senate
Ex Army Military Police lady

time the EU woke up

China Offers Russia Ruble Help



Saudi Arabia and the United Arab Emirates reiterated pledges to keep pumping the same amount of crude, blaming non-OPEC producers for the glut of oil that’s driven prices to the lowest in five years.

"“ Can you imagine what would happen to the dollar if China stopped supporting it?”"



"Government external debt not too important" you say.

You clearly suffer from acute American mania.

Foreign debt is not "government" debt. It is economic debt, currency debt.It's money owed. It cannot be ignored forever.
It will have its effects. One way or the other.

When creditor countries accept to roll over due debt, the increasing interest must still be paid. The US is struggling to maintain interest payments. It is unable to even begin to pay off its actual debts.

Only China still supports the dollar, other creditors just tread water by collecting interest year after year.

The US economy is a sinking ship. It goes deeper into debt every day.

More monopoly dollars are printed up by the fed and loaned to the government to service the debt (repaid to the fed (with interest, of course) to keep things running. This ensures continual devaluation of the dollar.

In the past, the US used dirty tricks to maintain the dollar's value.

In the 70s, they lent money to poor countries but indexed the loans to the value of the dollar at the time of lending. Then the US went wild with overspending. The more they wasted, the more debtor countries had to pay back on their loans. The poorest people in the world ended up paying for the irresponsible good life in the US (and its wars).

What's more, since the entire world used the dollar as reserve currency (as per the Bretton Woods agreement at the end of WW2) the whole world was forced to support the dollar. The US had promised to maintain the gold standard and to keep the value of the dollar fixed at 35 dollars to the ounce.

When the US failed to keep its promises, the rest of the world actually paid for the high standard of living in the US.

Another scam revolved around conflict. The West intentionally set up Israel right in the Middle East and armed it to the teeth and allowed it to develop nuclear capability. As a result all countries in the region had to also engage in an arms race to protect themselves from Israel and from each other. This allowed the US to exert influence through arms and security agreements. Thus even more of the wealth of poor countries (that could have been used to improve the lives of their people) flowed into the US military industrial coffers.

And then, lets not forget energy. OPEC puppets were forced to accept only dollars for all energy transactions, so again nations were forced to support the dollar.

None of these scams work any more. Iraq, Syria and Iran began accepting Euros for oil years ago.

The US quickly found an excuse to topple and destroy Iraq, then created mercenary insurgents to attack Syria, Egypt, and Libya.

They would love to also destroy Iran. Thankfully China and Russia are there to prevent that.

Since the old scams don't work anymore the US and its gang of lackey nations are now trying to create a new globalist scam in which imaginary global crises are used to justify imposing control over sovereign nations by force. Any nation that doesn't submit is labelled as a rogue state and attacked by some sort of improvised coalition.

Meantime, the mega-rich elite maintain and strengthen their position by siphoning wealth out of the middle class in the homeland through wars and taxation to the point that soon there will be only the tiny, extremely rich ruling elite, masses of poor, and between them, a class of soldiers and police, armed to the teeth and controlled entirely by the elite.

Totalitarian economies always crumble, but it takes some time.
I'd say the US (and G8) are well over half-way to meltdown. In fact the whole thing could cascade to ruin very quickly given even a small triggering event to get the snowball rolling.

As for the supposed oil-glut.
It's a manufactured illusion intended to hurt Russia.
But it will backfire and hurt US energy companies even more.

Private US shale-oil production is only profitable if prices remain high. The government cannot and will not bail out the energy companies.

Like occurred with the Texas oil boom of the 1980s, the current shale oil industry will end up rusting away in the fields. Once the investors have been stung once, they will look elsewhere for their bonanza.

Russian oil is relatively cheap to extract. Russia can sit on its oil and sell it after US production dies off. They suffer presently but will gain in the end as US companies goes bust.

The situation also aligns Russian interests with those of OPEC nations.
The oil countries are asking themselves whether Russia or the US would offer them the better deal as partners.

The US is in no position to occupy any more countries. If OPEC countries decide to switch camps and side with Russia and/or China, there's not much the US could do about it.

People in the US have very limited opportunity to hear anything other than the official lies. They are repeated endlessly by every available source, with minor variations to give the illusion of diversity of thought. Supposedly opposing viewpoints are voiced by obvious crackpots thereby reinforcing the prevailing delusion.

They urgently need ballast for their coal barges?

or answer male reporters questions!hm.prez.

He did that on purpose to give women a voice which he felt was being drowned out by men. Hail to the chief.

Rouble still dropped badly though , showing up in our beef and milk powder returns . Feeling the hit personally with beef , others in my family will feel the powder drop with having to drive and operate older gear . Gold's cheap at the moment . So is the AU$ with Kiwi @ .92-94 .