The Rouble Bites the Dust
The value of the Russian Ruble dropped by half last week. Russian debt is now junk.
Please note this is the same economic model of spend-and-debt favored by United States President Barack Obama. This decline in Russian buying power is probably why Obama reached out to Cuba.. to keep brother Castro’s grand communist experiment afloat. I can hear New York Mayor Bill DeBlasio crying all the way out here.
The excuses and rationalizations about this renewed failure of communist kleptocracy will be fascinating to hear. Will President Obama offer Putin a mutually assured destruction package of foreign loans?
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