I thought our economic sanctions were destroying Russia. We know they have pushed Germany into recession. Does a country on the verge of economic collapse, as our captured MSM blathers about on a daily basis, pay down $53 billion of debt in one quarter? Our empire adds $200 billion of debt per quarter.
Russian debt as a percentage of GDP is 13%. U.S. debt as a percentage of GDP is 101%. Who are we fooling. We live in the out of control empire in decline. Russia already experienced their fall. They learned their lesson. Debt leads to decline. Putin will win this economic battle.
Obama’s master plan is to try and bankrupt Russia by driving the price of oil down and making Europe stop trade with Russia. In the short term Russia will be negatively impacted. The Russians are a stoic people. They aren’t spoiled, debt addicted, iGadget distracted morons. They’ll withstand the pain without making a peep. Putin’s popularity is near 80%.
By driving the price of oil downward, Obama will derail his shale oil revolution. His sanctions are already pushing Europe back into recession. He has already pushed Russia and China closer together. His actions will accelerate the move away from the USD as the world’s only currency.
Russia will have Europe by the balls this winter with their natural gas reserves. The oil will still be under Russian soil long after Obama’s idiotic plan goes awry. The Middle East countries need the price to stay above $90 per barrel to sustain their economies. They will not cooperate with Obama for too long.
Putin is playing chess. Obama is playing tiddly-winks.
“De-Dollarizing” Russia Pays Down Near-Record $53 Billion In Debt In Third Quarter
Submitted by Tyler Durden on 10/10/2014 17:23 -0400
Despite the reassuring narrative from The West that Russia faces “costs” and is increasingly “isolated” due to sanctions for its actions in Ukraine, the most recent data suggests reality is quite different. First, capital outflows slowed dramatically in Q3 (from $23.7 billion in Q2 to $13 billion in Q3) with September seeing capital inflows for the first time since Sept 2013. Second, Russia’s current account surplus was significantly stronger than expected ($11.4 billion vs $8.8 billion expected) driven by increased trade. Third, and perhaps most crucially, Russia paid down a massive $52.8 billion in foreign debt as Putin “de-dollarizes” at near record pace, reducing external debt to the lowest since 2012.
As Goldman explains, Trade and income improved notably…
The current account balance for Q3 came in at a surplus of US$11.4bn, above consensus expectations of US$8.8bn and up sharply from a small deficit of US$0.7bn in Q3 2013.
On our estimates, on a seasonally-adjusted basis, this now puts the current account at 3.8% of GDP, up from a low point of 1% in Q2 2013 and 1.6% for the full-year 2013.
The improvement in the current account came from both the trade balance, where imports have contracted (due to slowing domestic demand and the weaker Ruble), and from the income balance.
In our view, the latter could be due to either cyclical or structural factors, which are difficult for us to pinpoint, but risks to our current account balance forecasts nonetheless remain to the upside.
Meanwhile,
Net private capital outflows stood at US$13bn for the quarter, up slightly from US$10bn in Q3 2013 and similar to the pattern seen in Q2.
*RUSSIA 3Q CAPITAL OUTFLOWS SLOW TO $13B VS $23.7B OUTFLOW IN 2Q
*RUSSIA HAD $11.6B NET CAPITAL INFLOW IN JUNE: CENTRAL BANK
June was first monthly net inflow since Sept. 2013, according to central bank statement.
And finally – “de-dollarization” accelerates as Russia pays down its foreign debt at the fastest pace since Lehman…
* * *
“Isolated” Indeed!
Obama’s game of checkers may very well end up in war.
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I fuckin love chess.
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Our country is a situation comedy. The American people twice elected this preening mulatto clown. We are going to get exactly what we deserve. Putin is laughing his ass off. I have had quite a bit of contact with folks like Putin. They are tough, hard, serious, well-educated men with absolutely no illusions about the world or power. They do not live in a fantasy world. I suspect the Russians and Chinese -among others – are just waiting for the right moment to teach us a lesson we will never forget.
When I see a white man or, worse, some middle-aged white woman, with an Obama sticker on their car, it makes my blood boil. I would be perfectly happy to see them beaten to a pulp, raped, robbed or ruined by the FSA. I would like to see Gwyneth Paltrow locked in a hip-hop festival – I wonder how “handsome” she would consider the muh diks who would vie to “escort” her. Unfortunately these morons have put me and my family in danger too, to say nothing of our country as a whole. I think I will move to Antarctica.
Never forget that Obongo is a puppet of the Cabal and that the Paltrow type is what Lenin referred to as “useful idiots”. Stand with Rand and BC-LR to all
Obama isn’t doing this, it’s Cheney and his neo-con buddies, dug in at Raven Rock, “Site R”.
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Europe is going to need Russian gas/oil this winter for obvious reasons. For those of you who haven’t figured it out, Germany is also controlled by Zionist influence like most of the EU. Perhaps not as much as America, but it’s there. Political loyalties will probably “shift” by the time the snow falls this winter in Deutschland. By then, Merkel’s nuts will be in a wringer.
IT’S GONNA BE A LONG COLD WINTER – HERE (USA) AND ABROAD.