Russia's Economy is Imploding...

[Rockhopper]

When the 37-year-old single mother of two operates a cash register at a grocery store in western Moscow, some elderly customers rebuke her for the new, higher prices on almost everything in the store - from domestically grown buckwheat, a staple of the Russian diet, to imported alcohol, bananas and avocados.
 
"They think the shop is mine and it's my whim to just make up new prices," fumes the plump, dark-haired woman who asked not to be photographed because she is afraid of losing her job. "They take it out on me as if it's my fault."
 
When she goes home, to a two-bedroom apartment in a Soviet-era concrete building, her 14-year-old daughter and 12-year-old son pester her with requests to buy new winter clothes and mobile phones. "They think I print money, though my salary is just 30,000 [rubles] a month," Semikhina says.
 
In one year, her monthly salary lost more than one-third of its dollar value - from about $910 in December 2013 to $575 early this week. This is the combined effect of plummeting oil prices, Western sanctions imposed on Moscow in August for annexing Crimea, and supporting rebels in eastern Ukraine - and the deep, chronic problems in Russia's corruption-crippled economy.

Low oil prices ruined the Soviet economy in the late 1980s causing the USSR to collapse - and prompted Russia's default in 1998. After 15 years in power, President Vladimir Putin has turned out to be a bad student of history. His nation is still badly addicted to the "oil needle" with hydrocarbons making up two-thirds of Russia's exports - and a half of its budget revenue.

Source

Tim.

[Monk (in hiding)]

How does low oil prices make any difference to the average person?

The dollar is based on petro, so it's OB1 and his Jewish/ city sate of London banksters trying to collapse the Worlds economy?

Inflation in the USA since 2001 has increased 34%.

So if one was making $20 hour in 2001, now they would need to make $26.8 hour.

http://www.usinflationcalculator.com/


Wages have gone DOWN!

[Rockhopper]

How does low oil prices make any difference to the average person?

Mostly because everything we buy, consume or eat has a transport component in it VM/Omega.

When there is a fuel price increase it filters through as higher prices. Russia relies on oil revenue to pay it's bills. Not good to rely on one product.

Yep, real wages have gone down. There is a move to lower them even further too if Wall St./COL have their own way.

Tim.

[Lenzabi]

Odd thing is, many still think it is all Banks owned by Jewish concerns like Rothschilds, yet they sold their stocks in it to W.A.S.P.s maybe they are Masonic WASPS, but still, the Banksters are no longer for decades strictly Jewish. Others are in the act now.

[Stargate]

At some point the fall will become dangerous for Russians to purchase from Europe and the rest of the world, that in it self will create a decline in some countries production and help to increase the jobless rate. At the moment the US is benefting and moving the economy out of the danger of recession.

[Mordae]

Yeah, the economy is in recession, however that could change if the Russians decide they'd like payment for gas in gold.

Meantime, they have a great opportunity to make the country more self reliant, which isn't really such a bad thing.

[Rockhopper]

But will Putin do that Mordles? That is the big question. He's more about holding onto power than actually re-building the economy.

He's not inclined to want payment in gold either, he's tied into the banking system that plagues us.

Tim.

[Lenzabi]

Putin is living in fantasies of a Russian Empire.

[Monk (in hiding)]

Yeah, he needs to join the empire of the Vatican, London and Washington DC.

[Mordae]

But will Putin do that Mordles? That is the big question. He's more about holding onto power than actually re-building the economy.

He's not inclined to want payment in gold either, he's tied into the banking system that plagues us.

Tim.

I'm not sure Tim, on some things such as agriculture and horticulture he appears to be leaning in that direction...at least that was the principal that he used when he applied the retaliatory sanction's on the EU and US. For the rest, who knows.

[Rockhopper]

You may well be right Mordles, who knows what that man is thinking. I doubt that he knows what he's thinking either.

Yep Len. He's playing the Nationalistic Jingoism game with the people there.

Tim.

[Monk (in hiding)]

The USA is the one who should be worried...

Russia is leaving the dictatorship of the market where oil goods are based on the dollar and won't back down in face of a drastic drop in world prices on energy resources, Russian President Vladimir Putin said Friday.

http://sputniknews.com/politics/20141114/1014725978.html

[Rockhopper]

Vlad is troubled alright. For all his bluster the low oil prices are hurting Russia which relies of oil sales. If he increases production it will lower the price further so that's not an option. A country can sell their oil in whatever currency they want but they must buy it in US$. So it will be a while yet before the hegemony is broken.

He is instrumental in setting up the BRICS group but it not going well either.

Tim.

[Sponsored content]