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Coffee Shop
What Should The Response Be?
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<blockquote data-quote="greybeard" data-source="post: 1587289" data-attributes="member: 18945"><p>Russia doesn't need the money any more than any other country does, and especially not compared to our own country. They have very little debt .. about 25% of their GDP compared to US having over 100% of our own GDP in debt. </p><p>Our total external debt (what we owe other nations) is way higher too.</p><p>United States $19,765,887 million</p><p>Russia owes other countries only $468 million</p><p></p><p>Their big export is natural gas and their biggest buyer is Europe which is one of the reasons they wanted ukraine back in the fold. The big pipeline from Russia to EU runs thru Ukraine. EU is over 60% dependent on Russia for nat gas and no easy way out of it. Russia produces more nat gas than any other nation..#2 is (you guessed it) Iran.</p><p>Under Putin, they have positioned themselves pretty good on the world economic stage. Gasoline prices at the pump are cheaper in Moscow than they are in Houston Tx.</p></blockquote><p></p>
[QUOTE="greybeard, post: 1587289, member: 18945"] Russia doesn't need the money any more than any other country does, and especially not compared to our own country. They have very little debt .. about 25% of their GDP compared to US having over 100% of our own GDP in debt. Our total external debt (what we owe other nations) is way higher too. United States $19,765,887 million Russia owes other countries only $468 million Their big export is natural gas and their biggest buyer is Europe which is one of the reasons they wanted ukraine back in the fold. The big pipeline from Russia to EU runs thru Ukraine. EU is over 60% dependent on Russia for nat gas and no easy way out of it. Russia produces more nat gas than any other nation..#2 is (you guessed it) Iran. Under Putin, they have positioned themselves pretty good on the world economic stage. Gasoline prices at the pump are cheaper in Moscow than they are in Houston Tx. [/QUOTE]
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