Vladimir Putin ripped the facade off the US MSM MOPE of a recovery, stating that there are ‘alarming signals‘ that could ‘transform into a full blown crisis’, and that Russia is ‘prepared for economic meltdown‘.
Got PYZZ? Apparently Putin’s been stacking along with the Chinese.
The Russian economy is prepared for a possible economic meltdown as a result of the slowing of global growth and the escalating eurozone debt crisis, President Vladimir Putin said on Thursday.
At a meeting with regional ombudsmen, Putin said the situation was complex both in the European and global economies.
“In the United States, the engine of the world economy, the situation looks better but macroeconomic indices that are vital for the economy’s sustainability are no better than in Europe. Their debt state [in the United States] is 104 percent [of U.S. GDP],” he said.
Aside from this, the U.S. financial system is burdened with mortgage loans issued against state guarantees, he said.
“All these factors cause certain alarm. Now news is coming that China’s economic development rates have slightly slowed and declined and China is one of the world’s largest consumers. These are, no doubt, alarming signals. Let us hope that these concerns do not transform into a full-blown crisis,” Putin said. “Let us hope for the better but prepare for the worse,” Putin added.
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Obviously, Putin is prepping too!
Going to be very interesting the next few months.
Waiting on one more dip…
Say what you will about Putin, but so far, he’s the only world leader to stand up to the United States so far.
And, I’m sure he recognizes what’s going on in Venezuela as well.
Russia has long been known for their physicists and mathematicians, many of which were hire by Wall Street to help design trading algorithms. Also, they went through their own debt crisis about 20 years ago. So when the Russkies start throwing out words like economic meltdown its a little scary! These Russians are really good at analyzing numbers and making predictive models.
Just don’t say anything bad about Putin or you’ll likely be tossed in a Russian prison.
The Russian Stock Market also soared after they went bankrupt, Vladmir’s probably getting ready to make a ton going down, then make even more on the swing up.
https://www.facebook.com/photo.php?fbid=370804219654730&set=a.178324995569321.42684.178303555571465&type=1&theater
Seems that Putin sees the writing on the wall. He sees what Time Magazine sees.
Russia is no where near as strong as they would like us to think they are. Their GDP is between $1.7 and 1.9 trillion, one third of China and 15% of ours. They have a birth dearth demographic implosion so this will not encourage economic growth. They are resource rich and are buying precious metals by the handful. But Putin one tough hombre and they have lots of nukes which makes them a force to be reckoned with. I have respect for Russian people and their strength Putin plays the Chorney Zhup in the White House like an out of tune Balilaika.
T’ain’t necessarily so. They have lived through a significant upheaval in their union and have a KGB operative at the helm. He knows how to play the game much better than Obama, Like taking candy from a baby. He wants to make his move and has a great opportunity if we hit bottom.
I would be wary of the Russian bear.
Putin is pretty mouthy for a guy whose country ALREADY went bankrupt.
Also. considering the economic state of the world, I bet that in the dead of night Putin gives thanks to God for the fact that Russia has oil and gas. Without those they would be more screwed than Europe is.
Russia is like Canada in many ways. Where they have oil, they drill it, Where the have metals, coal and other resources, they mine them. Wish TPTB would get out of our way, off our backs and out of our pockets and allow us to do they same. Alas it seems we are marked for destruction by the elites.