T
Tiger5150
Guest
@Tiger5150 I'm no economics expert, but dont be so naïve In your assumptions that the rest of europe will come out of this unscathed and that the US will help prop up markets, they cant ..
I agree in the most part.
Trouble is from the minute that Putin violently invaded a sovereign country, the rest of the world had a decision to make. Would you like to pay in blood or Euro/USD$. Choose your payment method.
The whole of Europe (and the rest of the world) have ridden a wave of globalisation and suddenly understand the flip side of that. Germany, the most progressive nation in Europe if not the world, with a ruling party of Social Democrats (liberal Left) in coalition with the Greens, have have just allocated billions of Euros to increasing their own oil and coal production.
This is going to make world look away from Russia/China for the next 20 years. The Russian economy will take decades to recover. The rest of the West will take a hit, recover and take capital away from Russia.