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Russia invades Georgia and then, shortly after, oil prices tank. Insuring an economic comeback temporarily. Obama gets credit, then my generation retires and  the economy tanks for many years.

One theory anyway.

Of course the economy may not recover under OB and we kill each other scrambling for food at the local Walmart. How about hoarding a large supply in the closet next to your illegal Glock.

You’re going to need it.

Too many broke dicks lose everything they own and they get a touch of envy. Bang you dead.

Got food stashed, guns loaded and car packed? I have plenty of room up here  in redneck heaven. Still have $45000 coming in. Walmart rules here at least a couple of more years.

You have to like snow, though. It has snowed here so far this season 13 out of 14 days. And another 7 days predicted ahead.

The summers make up for it. Fish like you wouldn’t believe. No gang bangers though. Hardly any crime. Quiet. Cheap living.

Oh yea. No rap music!

The Oil Drum | Discussions about Energy and Our Future

Not any longer. Simply put, Russia is in trouble. Its much-ballyhooed $600 billion cash reserve base dropped by a quarter by Dec. 1, to about $450 billion, and even further since. Much of that has gone to bailing out banks, select oligarchs and propping up the ruble. But with no sign of an end to the global recession, Putin is allowing the ruble’s value to decline rather than pouring limitless reserves into the currency. This Wall Street Journal interview with down-on-his-luck oligarch Oleg Deripaska tells it extremely well. (Note to Barack Obama’s Russia team: South Stream is on hold for at least 18 months or two years; Russia doesn’t have the wherewithal to finance it; Nord Stream is more likely, but again financing will be a problem. That is an opening that was not present before the financial crisis.)


Written by mrcauser

December 31, 2008 at 6:30 pm

Posted in Uncategorized

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