Article

2010-07-06 Economy

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by Fred 2010-07-06 00:00|| || Front Page|| [2 views ] Top

#1 Obama has reached success. He has helped to kill BP and hand it to the Russians and chinese, communists that is....

Posted by 49 Pan 2010-07-06 00:26|| 2010-07-06 00:26|| Front Page Top

#2 Rosneft and Gazprom? Won't happen. These are the Russian state mafia's slush funds, writ large. Putin himself probably pulls over a billion a year from each one using the time-honored new Russian trick of funneling profits through trading subsidiaries registered in Switzerland or Lichtenstein. These companies make Enron look like a Junior Achievement project.

That said, with Turkey's defection and NATO nations' impotence and impending bankruptcy, it esems pretty obvious that this nation will either have to develop some kind of alliance with Putin's Russia, shambolic bandit-state thought it is, or else face the prospect of the Chinese filling all the breaches left by a retreateing and near-bankrupt West. Even the Brits have announced large military cuts, as well as an end to the "special relationship." With NATO's 2nd-largest military gone over to the other side, and 3rd-largest military a shell of its former self, the alliance is a dead letter.

And Fortress America's not an option when your debt's being downgraded and most of your public pension funds are permanently, irretrievably underwater.

Look east, fellow Americans. Russia's the only game in town now.

Posted by lex 2010-07-06 08:36|| 2010-07-06 08:36|| Front Page Top

23:48 Pappy
23:42 SteveS
23:33 Super Hose
23:28 Super Hose
23:11 Asymmetrical Triangulation
23:09 49 Pan
23:04 49 Pan
23:00 JohnQC
22:55 JohnQC
22:53 DMFD
22:51 Goober Goobelopolous
22:50 JohnQC
22:43 JohnQC
22:38 Ford Maude Elle
22:32 JohnQC
22:31 tipper
22:30 logi_cal
22:22 3dc
22:01 Halliburton - Mysterious Conspiracy Division
21:57 logi_cal
21:54 JohnQC
21:41 Frank G
21:39 Alaska Paul
21:38 Frank G