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Is a Liquidity crisis on horizon?

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    #21
    Regarding Putin seeing the economic consequences coming.
    What I have read, indicates that he surrounded himself with a bunch of yes men. They were told to run these war scenarios, but never told that it was no longer a practice, So they kept giving the answers that Putin wanted to hear.
    So he didn't see this coming, and they weren't prepared.
    But the economic sanctions themselves aren't half the problem. It's the technology and the parts and the service, and the expertise. Their energy and agriculture and forestry and mining and communication and military etc is completely reliant on outside imported technology and assistance.

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      #22
      Some good insight fellas 👍
      I am concerned that the usd is vulnerable and will not be seen by many in the world as a safe haven anymore.
      I did read that Putin has been increasing his gold stockpile to north of 2000 tonnes since 2014.
      Now I see Russia central bank has set the value of 1 gram of gold to equal 5000 rubles.
      Putin now has said their gas and oil can only be paid for in rubles.
      So therefore he has linked the price of Russian oil and gas to gold.
      So European countries either gonna have to buy rubles or trade gold for their gas and oil.
      This should increase the demand for rubles should it not?

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        #23
        Originally posted by Old Cowzilla View Post
        I wonder who really is going to rebuild the Ukraine hmmmm I think I know who.
        The same ones who are replacing the munitions Russia is depleting.

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          #24
          Originally posted by LEP View Post
          Pretty much anywhere in the world wants the USD. No matter what Russia and China do. Russia is trying to force importers of Russian goods to pay in Rubles to try and give it some support but it isn't working.

          Never bet against the USD in troubled times.
          except in 07
          we were building drilling rigs in the boom of that time in nisku
          all of a sudden the suppliers in texas for mud equipment wanted CAD,

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            #25
            Originally posted by AlbertaFarmer5 View Post
            Regarding Putin seeing the economic consequences coming.
            What I have read, indicates that he surrounded himself with a bunch of yes men. They were told to run these war scenarios, but never told that it was no longer a practice, So they kept giving the answers that Putin wanted to hear.
            So he didn't see this coming, and they weren't prepared.
            But the economic sanctions themselves aren't half the problem. It's the technology and the parts and the service, and the expertise. Their energy and agriculture and forestry and mining and communication and military etc is completely reliant on outside imported technology and assistance.
            That last sentence is starting to sound like US.

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