Article

2008-09-06 Caucasus/Russia/Central Asia

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 2008-09-06 00:00|| || Front Page|| [2 views ] Top

#1 The ruble is taking a beating as well - nobody wants to hold that currency given how irrational an actor the Putin gangster state has become, so Russia's central back has had to step in multiple times to bolster the Ruble against people that are going back to dollars and Euros.

Posted by OldSpook 2008-09-06 00:19|| 2008-09-06 00:19|| Front Page Top

#2 Oh boy, weak currency, dropping oil prices and a down market. Those poor KGB millionaires stand to lose a killing.

Posted by Mike N. 2008-09-06 01:22|| 2008-09-06 01:22|| Front Page Top

#3 It is not what the were doing that was entirely wrong, but how they went about it that bothers me.

Another time, another place, another way, and another intent would have had me happy with a rise in Russian power.

Posted by newc">newc 2008-09-06 04:24|| 2008-09-06 04:24|| Front Page Top

#4 the good news is they won't have as much money to "invest" in our election process.

Posted by Betty Grating2215 2008-09-06 04:28|| 2008-09-06 04:28|| Front Page Top

#5 I read the other day that some US $25 billion had been pulled out of the economy, separate from the stock market. That may be a rumour, though.

Posted by trailing wife ">trailing wife 2008-09-06 08:29|| 2008-09-06 08:29|| Front Page Top

#6 Russia will make $200 billion from oil and gas exports this year. That's with a GDP of $1200 billion. Other raw materials exports are also doing very well. There's plenty of money for the KGB princes and oligarchs to steal and still provide a few crumbs for the peasants.

Posted by ed 2008-09-06 09:29|| 2008-09-06 09:29|| Front Page Top

#7 So they're following the California model of a bunch of dialectic entrenched oligarchs crashing the economy and driving investments out of the borders while they pursue their own power interests?

Posted by Procopius2k 2008-09-06 09:36|| 2008-09-06 09:36|| Front Page Top

#8 They'll nationalize. It's only a matter of time, that's why the investor pullout.

Posted by Sleack Guelph4631 2008-09-06 19:24|| 2008-09-06 19:24|| Front Page Top

23:57 OldSpook
23:48 Capsu 78
23:47 Capsu 78
23:39 Mike
23:33 CrazyFool
23:15 eLarson
22:57 anonymous2u
22:45 anonymous2u
22:44 Abdominal Snowman
22:41 anonymous2u
22:39 Spike Uniter
22:37 anonymous2u
22:36 Procopius2k
22:29 Frank G
22:25 Andy Creath6042
22:20 Alaska Paul
22:16 Alaska Paul
22:10 lotp
22:10 Pappy
22:09 European Conservative
22:07 European Conservative
22:07 Frank G
22:05 Frank G
22:04 Abdominal Snowman