2026 TeoTwawKi ... 2032 Darkest Interregnum Message Board

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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.27

-0.2%

Nov 21 4:00 PM EST

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To: elmatador who wrote (107968)	10/12/2014 12:23:28 AM
From: Elroy Jetson	Read Replies (1) of 218003

The reason Putin cut-off Western food imports to Russia is to keep Russia's import/export ratio stable under sanctions, because they don't really have any currency reserves. Last year Putin effectively cut-off imports of most clothing with odd regulations designed to keep out imports. Stuff like requiring women's underwear to have 2% cotton in the fabric. Internal budget accounting is not a problem as the Russian state can deed itself ownership of anything within Russia it wants. But externally Russia is close to full production of oil or gas. To expand production will take a lot of capital, but sanctions have cut that off - access to loans or capital contributions from western oil and gas partners. Life is quickly getting sparse for Russian residents.

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