The price of oil isn’t merely about oil. It is about food, the U.S. dollar and power-politics. Westerners, however, are always “mystified” when the Russians seem to act contrary to their own economic interest (as if economic interests were the only interests). It is true that Russia has benefitted from high energy prices. More significantly, Russia will benefit even more when the U.S. dollar collapses. - JR Nyquest
Sunday, August 10, 2008
While you and I head to the beach, pool, mountains this weekend, a shooting war has sprung up not 200 miles from NATO's lines in the FSU republic of Georgia.
This is serious stuff. Russia HAS no Loyal Opposition. No peaceniks. No San Francisco Left. Russia is ALL business, murderous and barbarous, and MUCH more dangerous than the FSU. In this moment of the "Chess Game", this most recent move is ALL about Iran. And Russia is now CLEARLY supporting Iran with military assets, just in case anybody in Washington missed it.
This is Russia's moment. The OECD countries are in a terrible economic position, and hence a weakening political position. It has been my position that:
an energy crisis = a food crisis.
You see, I am not the only guy that thinks the U.S.$ is on the ropes (and yes, it is still on the ropes despite the fact that the Euro is now falling versus the U.S.$. Who said either one of these currencies survives?). The difference is... I am just trying to make a living forecasting what's next in the markets... While Russia is trying to destroy the U.S. via its currency and the world wide price of oil. Think me dramatic? Yeah, well I think only a FOOL thinks that Russia is any improvement over the old U.S.S.R. The guys running the Russian show have consolidated their power, jettisoned property, political, and human rights, clearing the decks to take full advantage of the energy crisis facing the U.S. over the next 5 years.
This is the world we live in.
Mentatt (at) yahoo (d0t) com
Posted by The Short Story Man at 6:08 AM