Commentary & Analysis by L. A. Marzulli
Russia’s next financial option may be ‘nuclear’
Russian companies need to buy dollars now in order to pay off foreign debts in December, this month we have to pay over $30 billion to foreign creditors. In January we don’t have much to pay in dollars, so the rate may stabilize,” Prosviryakov said.
The collapse of the Russian Ruble, in my opinion is deliberate and it comes on the heels of the tumbling price of oil, as crude fell to below $60 per barrel. http://www.businessinsider.com/oil-still-below-60-2014-12
I would posit that this has been a deliberate push-back by the US in retaliation to BRICS—Brazil, Russia, India, China and South Africa—who want another default currency other than the US petro-dollar.
This whole international scenario is being manipulated by the US and the Saudi’s. Of course here in the USA we are all enjoying the low price at the pump. But here’s the rub, with this sudden fall of the price of a barrel of oil, it begs the question, why didn’t this happen let’s say a few years ago, when the price at the pump was almost $6 bucks a gallon?
What I’m getting at is this. The whole game is controlled and rigged. The Saudi’s are in bed with us as we sell them arms and buy their oil. http://www.bloomberg.com/news/2013-10-15/u-s-seeks-10-8-billion-weapons-sale-to-u-a-e-saudis.html
The BRICS nations pose a direct threat to the US petro-dollar and this is why the price of oil has dropped. Russia is the second largest exporter of oil, in the world, which sells over 7.2 million barrels a day just behind Saudi Arabia. Another point to consider is this, when Saddam was in control or Iraq, and started to trade oil in Euro’s, rather than the US dollar. This is one reason I believe we invaded that country. http://content.time.com/time/magazine/article/0,9171,998512,00.html
Examine the quote above: Russian companies need to buy dollars now in order to pay off foreign debts in December, this month we have to pay over $30 billion to foreign creditors. In January we don’t have much to pay in dollars, so the rate may stabilize,”
What Americans should be outraged at is the blatant manipulation of the gas prices in this country. There is no gas shortage only greed and avarice on the part of Big Oil!
In closing todays post. It will be interesting to see what Putin does to counterbalance this financial attack by the US. Another point to consider is this. If the US looses its grip on the petro-dollar it could cause a major financial collapse in this country. Meanwhile keep looking at the Bill Cosby stories that won’t go away instead of the fact that Congress just passed another 1.2 TRILLION dollar budget. It’s beyond the pale at this point….