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originally posted by: Logarock
originally posted by: YouNeedMe
a reply to: InverseLookingGlass
Blaming Russia.. how USA of them. The dollar is on it's way out, there's no stopping that now. The world has had enough of Americas Sh*t
One has to wonder why with all the land and oil fields Russia is said to have why they need to import anything.
LOL. It was more like if I cant have them then they wont have them. Maybe Sadam was addressing deeper philosophical things. lol.
Sadam was a Russian stooge when he invaded Kuwait. Testing the waters, paying some bills, firing some SCUDs. ect.
people can cope for several years with such conditions far more easier than you think.
originally posted by: Jonjonj
There is only one true "economic" asset worth anything on earth. Neither gold nor paper money nor diamonds...it's land. If you want to see who is in the front row. follow the land deals
Thus, the Western world, built on the hegemony of the petrodollar, is in a catastrophic situation. In which it cannot survive without oil and gas supplies from Russia. And Russia is now ready to sell its oil and gas to the West only in exchange for physical gold!
WE showed them where and how to get oil out of their country.
If we consider the time period of the mid-1980's to the mid-1990's, Soviet and former Soviet oil production declined from a high of 12.66 million barrels per day in 1987 to a low of about 7 million barrels per day in 1995 (BP 1996).
Putin then went and took all the money the U.S. gave Russia to destroy their nuclear weapons that were agreed upon to be destroyed in the INF and Start treaty's properly and started using that money to build NEW Nuclear missiles.
In the 1970's and 1980's the Soviet Union was trying to get Eastern Europe to cut its reliance on oil especially from the Soviet Union so that it could export more oil for foreign hard currency (CIA, 1985). Before 1989, the Soviets provided as much oil as Eastern Europe needed using a bartering system (FBIS, 1989). In reality the oil was given away at well below world prices (Balabanov and Deitz 1991). The Soviet Union was practically giving away its oil to Eastern Europe, Cuba and North Korea in order to hold up their economies and Soviet influence.