Quote:
Originally Posted by DanielDudley
We know who the Saudis are in bed with, and it is no coincidence that the Russians were just shut out on a major pipeline to Western Europe. Killing a lot of bird here with this stone.
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I agree. If there is any target here, it is Putin's Russia. In the budget he just released, he priced oil at $100, so he is gradually getting cornered.
"A joke currently doing the rounds is revealing about the Russian economy's financial difficulties.
Mr Putin, the rouble and oil are all heading for 63. The president will turn 63 next October, oil is already trading at close to $63 per barrel, and the rouble - currently at 53 to the dollar - is very likely to slide to 63 next year.
The triple-63 reality is grim. The rouble has lost 40% of its value so far this year, inflation is at 9%, stock prices are back to mid-2009 levels, and net capital outflow is likely to reach a record 6% of GDP this year." Source: BBC
Ian
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----- “Only two things are infinite, the universe and human stupidity, and I'm not sure about the former.” A. Einstein -----
Last edited by imcarthur; 12-11-2014 at 02:43 PM..
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