Beforer we discuss The Empire of Chaos ongoing attacks on "The Assassin Putin" and The Master of the Universe attempts to topple any challenge to Washington's global hegemony, we thought the following chart may give some much needed context for where the pain really is - the drop in the oil price in local currency terms has been the least of all major nations... for Russia
A strong and deep 7.00 magnitude earthquake struck Russia’s Far Eastern Kamchatka peninsula on Saturday morning according to the US Geological Survey (USGS) The quake hit 106 kilometers north of Petropavlovsk-Kamchatskiy, the capital city of Russia’s Kamchatka Krai. According to the Geological Survey the quake occurred at 0325 GMT at a depth of 160 kilometres (100 miles), about 95 kilometres northeast of the Russian town of Yelizovo in the Kamchatka Krai region.
Russia have said that they have uncovered a system where ISIS militants transfer new gunmen recruits to their terror regime via cooperation with Turkey. According to Andrey Przhezdomsky, an advisor to the head of the National Anti-Terrorist Committee: “In Turkey, there is an organized system of transferring additions to the ISIL terrorist organization [former name of IS] or the so-called Daesh, outlawed in Russia”. Russia’s special services know all the routes of sending the recruits, he said.
Submitted by Nick Cunningham via OilPrice.com,
The rumors of a coordinated production cut between OPEC and Russia continue to grow more serious. The latest comes from the Russian energy minister Alexander Novak, who insisted that Russia will hold talks with OPEC in February on a possible agreement to reduce output.
It is safe to say that nobody expected the BOJ stunner announced last night, when Kuroda announced that Japan would become the latest country to unleash negative interest rates, for one simple reason: Kuroda himself said Japan would not adopt negative rates just one week ago! However, a few BIS conference calls since then clearly changed the Japanese central banker's mind and as we wrote, and as those who are just waking up are shocked to learn, negative rates are now a reality in Japan.