Quote Originally Posted by lucy View Post
Russia? Give me a break. If it weren't for their natural resources, they'd be ... hmm ... like, say, Brasil two decades ago. There is no diverse economic power behind Russia, almost no modern industry, no innovation. Besides, nobody trusts them (not as long as Putin and his cronies do as they please) and imho trust is a pretty important issue in this discussion.

But, yeah, I guess eventually one day there will be other currencies like the dollar now. The Euro could have been one, but won't for some time, not after the EU failed to ensure that their members stick to the rules.
Don’t push Russia aside, lucy, because Putin knows that if he doesn’t get it right this time, there could be another revolution. The people are not happy but if he gets rid of the corruption like he has promised, then all those natural resources will give him the power he needs to get elected once more. The people will stand behind a strong Russian leader, and it is the natural resources, that is making Russia so rich.

You only have to see how far China has come in the last ten years with their kind of capitalism. In the last five years they have been astounding, and the creeping up has ended. The Chinese are habitual secretive nation, always sitting the other side of the wall ready to pounce. They, with a good quarter of the world debt held by them, are in a very strong position to do as they please. No doubt with their patience of watching and taking bites they will not strike until they think there is a chance of being successful.


Be well IAN 2411