Medvedev blames U.S. for world financial crisis

[Michael88]

Quote from krazykarl:

Ivonovich knows how corrupt the Russian state is, even moreso then the US. In Russia it's almost like a fraternity of corruption in the administration, with the numbers the government puts out even more distorted then the US.

Don't forget the breadlines in Russia about 10 yrs ago..... Their president has a lot of balls to talk about the US's depression in the 30s and not acknowledge his own barely a decade old.

I didnt say russia economy is strong, and there is no corruption... I said with money you can do miracles to resume quickly

With oil at $135 or perhaps more in the future... and usa weak... russia - if plays wisely - can become international key player thanks to huge $$$$$ of oil...

Why not Ivanovich ?

 

[krazykarl]

Quote from Michael88:

I didnt say russia economy is strong, and there is no corruption... I said with money you can do miracles to resume quickly

With oil at $135 or perhaps more in the future... and usa weak... russia - if plays wisely - can become international key player thanks to huge $$$$$ of oil...

Why not Ivanovich ?

My point is there is no MONEY! Russia is getting some increases due to commodity prices, but that's temporary.

 

[Michael88]

Quote from krazykarl:

My point is there is no MONEY! Russia is getting some increases due to commodity prices, but that's temporary.

Over four years of rising crude oil prices, Russia accumulated $157 billion in its oil proceeds fund, one of 40 or so sovereign wealth funds worldwide with a total of $2.5 trillion under management.

NY times (feb2008) : http://www.nytimes.com/2008/02/01/business/worldbusiness/01fund.html

and this with oil not at $140...

 

[krazykarl]

Quote from Michael88:

Over four years of rising crude oil prices, Russia accumulated $157 billion in its oil proceeds fund, one of 40 or so sovereign wealth funds worldwide with a total of $2.5 trillion under management.

NY times (feb2008) : http://www.nytimes.com/2008/02/01/business/worldbusiness/01fund.html

and this with oil not at $140...

$157 billion is like what the US spends for a few months in Iraq.....

 

[Michael88]

Quote from krazykarl:

$157 billion is like what the US spends for a few months in Iraq.....

I said "russia - if plays wisely", I dont see USA in Irak as a wise move

 

[stock777]

How can a country run by and for criminals and gangsters say anything about anyone?

 

[piezoe]

Quote from Michael88:

...
10 years ago the country was bankrupt... who will have ever imagined they will come back that fast ?

Spassiba OIL and FED

So, do you think if Russia can do it there is at least some hope that the US might be able to come back?

 

[Michael88]

Quote from piezoe:

So, do you think if Russia can do it there is at least some hope that the US might be able to come back?

Who knows ? All is possible, if future was predictable it will be easy to trade

 

[yg10]

Quote from Michael88:



If Russia play it wisely, you may have huge geopolitical changes soon...

Do you consider this president's Medvedev speech as the part of this
wise play?

 

[Michael88]

Quote from yg10:

Do you consider this president's Medvedev speech as the part of this
wise play?

I dont have comments on his speech especially, I am not at the kremlin to know if there was a logic behind this speech.

I just said Russia has a chance, probably small I agree.

After if they will use it or not, its another story.