Russia Economic Warfare

While the U.S. is dealing with the economic threats faced due to Covid-19, and years of fed fueled excess risk taking, Russia and Saudi Arabia stick the last dagger in to our economy.

Estimates put U.S. oil’s contribution to our GDP anywhere between 10%-15%. Which may look small at first glance, but given we were growing at 3% annually at our best, this number starts to look much more significant. Airlines, cruise ships, Hotels, Casino’s, Hollywood and theaters, public transportation, and many other industries are taking a death blow. Our corporate debt is the highest it has ever been in history, so needless to say, shutting down the country for months, will have impacts felt for a very long time.

That brings us back to our Russian comrades. The timing of this war against U.S. shale industry, is impeccable. Beating your enemy while they are down, seems to be the strategy.

“The Saudis insisted on overall cuts to be shared by OPEC and non-OPEC with a 2:1 ratio. Russia saw no need for any cuts because, in its view, earlier OPEC and non-OPEC curtailments had allowed the US shale oil industry to fill the gap.”

Now, many people say we have already been here before, shale companies went out of business and everything went on as usual. While they are right, this time it is very different. The whole country is at a stand still, interests rates are at zero, and nearly every industry is knocking on capitol hill doors for a bailout. Corporate debt is at an all time high, and many companies are insolvent without government intervention. This is plain and simple economic warfare. The U.S. already anticipates $3 trillion in bailouts for citizens and businesses alike, and thats not even taking shale into consideration.

Russia and Saudi’s can survive for a year with oil prices sub $20/pb, we most definitely can’t. Seems like the winners will be Russia and Saudi Arabia as they get their market share back.

What do you think the long term impact of all this printing, borrowing and spending have ? Can we survive a shale bust along with everything else going on ?

Oil War
Saudi's Big Winners

Russia is currently a debt free nation.

The tides, they're ah changin.

What debt? Who do we owe?

You mean the pieces of paper that say we owe the central banks a bunch of money and Russia doesn't?

The debt that with the flick of a few pens, can disappear into thin air?

Tides are changing, that's true... but the tides change every day, this will be no different.

At some point, the central banks are going to have to either call in all debts, or erase them from the books. Financial slavery for decades to come, or financial freedom for all. There doesn't seem to be any other option.

~Namaste

a reply to: HanSolo31

There's a recession coming thanks to Corona and the measures being used to tackle it so oil consumption and price is falling anyway , over supply does not increase consumption but lower prices means more money in our pockets which given the bumpy times ahead is a good thing.

As for printing, borrowing and spending money you don't have it's a bad thing but it's made worse when you're already in colossal debt , Trump neglected to fix the roof when the Sun was shining and now it looks like we're set for a global storm.

a reply to: SonOfTheLawOfOne

What debt? Who do we owe?

Here's a breakdown of who owns the $21.21 trillion of your debt.
www.marketwatch.com...

You can't default on debt payments as like you or I your country has a credit rating , if you lose that you lose.

originally posted by: Flesh699
Russia is currently a debt free nation.

The tides, they're ah changin.

Source for your statement please!!!!!

originally posted by: gortex
a reply to: SonOfTheLawOfOne

What debt? Who do we owe?

Here's a breakdown of who owns the $21.21 trillion of your debt.
www.marketwatch.com...

You can't default on debt payments as like you or I your country has a credit rating , if you lose that you lose.

None of that matters when everyone in the world is in the same boat.

By your source, 70% is owned by America. If you own me $20, it doesn't matter that I put down in my little black book that you owe me $20, I can choose to scratch it off the list and decide not to give you $20 again in the future or ask you to do me a "favor" in return. The mafia has been working this way forever. Our American mafia (the Fed, Wall Street, banks) is no different.

Like I said... with the flick of a few pens, it's gone, and that goes for everyone, not just us. It's all paper, it's not "real" debt or money, and if you think otherwise, I have bridge for sale.

~Namaste

a reply to: SonOfTheLawOfOne

Like I said... with the flick of a few pens, it's gone, and that goes for everyone, not just us. It's all paper, it's not "real" debt or money, and if you think otherwise, I have bridge for sale.

It was us that sold you the bridge , judging by what you wrote you live in a similar fantasy as the guy who bought the bridge.

A slash of the pen does not write off that kind of debt.

originally posted by: gortex
a reply to: SonOfTheLawOfOne

Like I said... with the flick of a few pens, it's gone, and that goes for everyone, not just us. It's all paper, it's not "real" debt or money, and if you think otherwise, I have bridge for sale.

It was us that sold you the bridge , judging by what you wrote you live in a similar fantasy as the guy who bought the bridge.

A slash of the pen does not write off that kind of debt.

Sure it does. I just gave you an example with $20, it doesn't matter if it's 20 trillion, it's just a number and paper.

What if I don't pay my debt? My reputation to borrow money changes? So what, I still don't have to pay and only a Court can enforce that. Who is going to enforce $20+ trillion in debt? Nobody. What are they going to take from us? Nothing. Good luck to any country that tries to come here and take it.

You know nothing about me, and if you can judge me by one thing I write about a fictitious debt system, it says more about the fantasy world you want to live in than mine.

~Namaste

The US did economical warfare first with the cold war and after that after this Ukraine thing. Just look at the propaganda machine after blaming Russia for everything, even Trump's election.

If Russia is doing some war if you say so, Russia has all the reasons doing so. And what about Tesla, not good when more and more driving electric