(Only in my imagination.) Russian President Putin may be push to the wall due to the economic sanction by the West, and (deliberate) free fall of crude oil in which Russias economy is 80% dependent on oil revenue. God forbids, if Russia will preempt and attack the West including America without warning will surely ignite a thermo nuclear war. Putin has an aggressive personality and he may not be able to accept what’s happening to Russian’s economy and it’s people. He would not just capitulate and allow the West to make a fool out of him, so what he thinks). He may not realize that the element leading to the price collapse of oil is a natural occurrence as a result of world wide economic meltdown. Many countries including Japan which 2 hours ago announced that its economy is in recession. Sometimes, when many nations experience hardship, war maybe imminent. Putin has a hostile attitude towards the West which includes EU and America. In the latest Olympic held in Russia, Putin spent almost 40 billion dollars just to show the West that Russia can afford to show a lavish display of opulence. Instead, the European Union and America seems to mock Russia and belittle its achievement. Then again, Putin was given a cold shoulder because of it’s annexation of Crimea, Ukrane. He was treated as an outcast or an odd ball in the G-20 meeting in Brisbane, Australia. And feeling uncomfortable, he suddenly left the G-20 meeting without farther announcement. Last Friday, November 28, 2014, Russia said that it would not intervene in the Ruble exchange rate. Today, they have no choice. The ruble has lost 6% of its value in just one day and forced Russian Central bank to intervene. Sometime next week, the effect of Ruble depreciation would be felt by the Russian Consumers when there will be a panic buying which comes natural when value of currency goes down. Mickey Mouse money, same people calls it. And its not far fetch that what happens to Russia may happen to us, about the wild escalation of commodity prices. As of now, everyone is grumbling on the incessant increase of prices, what more when the illusion of that 7.4% GNP as mentioned by PNoy was nothing but illusion. We allowed our corrupt government to to fool us, now, we may be the next who will engage on panic buying inspire of lower fuel prices. Just remember this, when ever there are more money in circulation than the commodities to buy, there will surely be a hyper inflation. Next year, our corrupt government will unprecedentely unlatch billions and billions of pesos just to win in the 2016 election. We may enter a recession, not because of any other reason but because of too much money in circulation. Beware. theguardian/business/2014/dec/01/russian-intervenes-central-bank-rouble-crumbles
Posted on: Tue, 02 Dec 2014 06:18:09 +0000
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