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Old 07-18-2009, 03:47 AM   #16
arek
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^^

Might have to due with the pigment of his skin /being a US president? eastern european's aren't the friendliest of folks when it comes to the matter.

Last edited by arek; 07-18-2009 at 03:51 AM.
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Old 07-18-2009, 04:31 AM   #17
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Quote:
Originally Posted by arek View Post
^^

Might have to due with the pigment of his skin /being a US president? eastern european's aren't the friendliest of folks when it comes to the matter.


I doubt that. Eastern european are not that bad in racism. I would think that like many most folks there do not see Obama as the real deal!
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Lo there do I see my mother.
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Old 07-18-2009, 04:35 AM   #18
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Russia, who is Russia? They went from being one of the worlds super powers to being nothing. They were a superpower all through lies.

Funny you should say that cause Russia has no where near the debt US has and is still growing Economically! Plus its more or less self sufficient with oil and minerals.
And to top it off they are run by the most hard core bastard with huge balls than any other politician in the world at the moment and have the backing of lets say some "night" folks!!!!
I wouldnt mess with Russia at the moment as after China they probably have the biggest financial resources and potential at the moment!
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"Lo there do I see my father.
Lo there do I see my mother.
Lo there do I see my brothers and my sisters.
Lo there do I see the line of my people back to the beginning.
Lo they do call to me
they bid me take my place among them in the Halls of Valhalla,
where the brave may live forever"
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Old 07-18-2009, 10:35 AM   #19
2K6E60
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True to an extent, Russia is behind China and India. But a growing country (economically) none-the-less.

Quote:
Originally Posted by magnus View Post
Funny you should say that cause Russia has no where near the debt US has and is still growing Economically! Plus its more or less self sufficient with oil and minerals.
And to top it off they are run by the most hard core bastard with huge balls than any other politician in the world at the moment and have the backing of lets say some "night" folks!!!!
I wouldnt mess with Russia at the moment as after China they probably have the biggest financial resources and potential at the moment!
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Old 07-18-2009, 01:49 PM   #20
arek
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I doubt that. Eastern european are not that bad in racism. I would think that like many most folks there do not see Obama as the real deal!
Haha, you are joking right??

I dont know one polish person that isn't racist...

except myself of course!!

ahhaah
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Old 07-19-2009, 09:47 AM   #21
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Originally Posted by magnus View Post
Funny you should say that cause Russia has no where near the debt US has and is still growing Economically! Plus its more or less self sufficient with oil and minerals.
And to top it off they are run by the most hard core bastard with huge balls than any other politician in the world at the moment and have the backing of lets say some "night" folks!!!!
I wouldnt mess with Russia at the moment as after China they probably have the biggest financial resources and potential at the moment!
Really! I wonder why they can't afford to keep their Nuclear Submarines running. I wonder why their navy is sitting in the dock rusting. So if they have lot's of money this should not be a problem. Russia just like their Prime Minister is a Joke.

"From Wikipedia, the free encyclopedia
(Redirected from 2008 Russian financial crisis)
Jump to: navigation, search
For the 1998 crisis, see 1998 Russian financial crisis.
This article may need to be rewritten entirely to comply with Wikipedia's quality standards. You can help. The discussion page may contain suggestions. (January 2009)
This article may need to be updated. Please update this article to reflect recent events or newly available information, and remove this template when finished. Please see the talk page for more information. (May 2009)

The 2008–2009 Russian financial crisis, part of the world Economic crisis of 2008, is an ongoing crisis in the Russian financial markets that has been compounded by political fears after the war with Georgia, as well as renewed concern about state intervention in corporations of strategic interest, Putin's poor policy and by the plummeting price of Urals heavy crude oil, which has lost more than 70% of its value since its record peak of $147 on 4 July 2008. While according to the World Bank Russia’s strong short-term macroeconomic fundamentals make it better prepared than many emerging economies to deal with the crisis, its underlying structural weaknesses and high dependence on the price of a single commodity make its impact more pronounced than would otherwise be the case.[1]

In November 2008, there were reports that trade in Russian shares had increasingly shifted to London traded Global Depositary Receipts during frequent suspensions in Moscow, dictated by rules imposed by the regulator to reduce volatility on Moscow's increasingly illiquid stock market.[2] Reuters reported more than $1 trillion has been wiped off the value of Russia's shares during the crisis.[3]

As the crisis progressed, it became clear the Kremlin would play the dominant role in deciding which Russian oligarchs -- many of whom were highly leveraged -- would survive the crisis.[4] Reuters and the Financial Times speculated that the crisis would be used to increase the Kremlin's control over key strategic assets in a reverse of the "loans for shares" sales of the 1990s, when the state sold off major assets to the oligarchs in return for loans.[5] State VEB bank was used to refinance the debt of Oleg Deripaska, once ranked by Forbes as Russia's richest man, but demanded a 25 percent stake in Norilsk Nickel as collateral for the $4.5 billion loan.[6] The Financial Times called it another "sale of the century", a reference to the book about the Russian asset sales of the 1990s by Chrystia Freeland.[7]

In February 2009, Fitch Ratings downgraded Russia's Long-term foreign and local currency Issuer Default ratings (IDR) to 'BBB' from 'BBB+', the Short-term foreign currency IDR to 'F3' from 'F2' and the Country Ceiling to 'BBB+' from 'A-' (A minus). "The downgrade reflects the negative impact on Russia from the fall in commodity prices and the dislocation to global capital markets that has left Russian banks and companies struggling to refinance external debt, and the difficulties Russia faces in managing the necessary macroeconomic policy adjustments," said Edward Parker, Head of Emerging Europe in Fitch's Sovereigns team. "The scale of capital outflows and the pace of decline in Russia's foreign exchange reserves have materially weakened the sovereign balance sheet," said Mr Parker. Russia's foreign exchange reserves (FXR) have fallen by USD210bn, from their peak at end-July 2008 to USD386.5bn as at 23 January 2009, albeit around USD58bn of which was due to valuation effects.[8] The euro fell to session lows versus the dollar below $1.29 after ratings agency "

http://en.wikipedia.org/wiki/2008_Ru...nancial_crisis
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