Dec 28, 2014 11:00
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It's clear that russia is going to need help from the IMF soon and the US will pressure the IMF to make any bailout conditioned on oil still being linked to the dollar.
The State Department has said point blank that they want a stronger dollar because they know that the only realistic way for Europe to get out their financial problems is for the Euro to fall and the dollar to rise. And, for good historical reasons they are terrified about facisim breaking out in europe if the economy doesn't stabilize.
For that reason, the US will also start buying rubles soon in order to raise the value of the ruble. The reason being that europe has been getting a lot of tourism money from Russians and that is starting to dry up with the lower ruble, so in order to help the EU economy they need to keep the ruble valuable. This too, works against Putin's plan, if, indeed, it is his plan.
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https://www.globalpolicy.org/component/content/article/173/30447.html
I wonder if that sort of thing comes up regularly.
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So no-one should say that this is not going to have some consequences for the global balance as it currently exists.
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Importantly, big corporations are very bad at actually paying invoices.
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