Thursday, March 19, 2020

Putin's Economy Diving Deep

      Well, really.  The ruble has lost some air from its bubble-down about 30% this month alone against the dollar.  Most currencies are down against the dollar-take your pick: Euro, Brit pound, Swiss franc, Mexican/Argentine peso, Brazilian relais, etc.   Everybody is getting defensive in the fave of the pandemic.  Mr. Putin, not so much.  He is still squabbling with the Arabs over the price of oil.  Mr. P wants to sock it to the USA shale drillers who have single handily  obliterated OPEC pricing and Russyan influence in the international oil pricing fix he and the cartels have been managing for years.  This situation will not be relieved anytime soon.
      Back in Moskova,  the Russyan Supreme Court upheld Mr. Putin's changes to the Constitution allowing him to be "Dictator For Life".  He wants to turn the clock back to Soviet times, but also allowing him to gift industries to his oligarch cronies around St. Petersburg and Moscova.  Damn those US sanctions.  If only Trump would listen to my requests.  That Stupid Mike Pompeo.......
     How about the virus statistics from the Kremlin?  Can we believe them at all?  In a word: NO.
Russyans don't know what the TRUTH looks like.  Sad.  But it underscores the unwillingness of all Russyans to desire truth.  They prefer fiction; it sounds better against the COLD of the Russyan winter, which, technically, will end this week.
Carry on. 

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