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Old 12-16-2014, 07:55 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,619,570 times
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Quote:
Originally Posted by leoliu View Post
I did not know that Texas and Alaska have already broken apart from the rest of the country...

But seriously, while Texas is big on oil, its medical and technological innovations are leading the rest of the country/world, not to mention its red neck politics.
Wondering how long Alaskan citizens will continue to get their yearly oil dividend check from the state.Oil is still the biggest industry in Texas…by far.
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Old 12-16-2014, 08:00 AM
 
3,335 posts, read 3,125,061 times
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Quote:
Originally Posted by bluedog2 View Post
Wondering how long Alaskan citizens will continue to get their yearly oil dividend check from the state.
I am not worried about Alaskans in the falling of their oil economy. The Federal government or other US tax payers will bail them out when their oil economy falls apart. But for ppl like saudi arabians, they will have to learn a new trade to pull through the rest of their parasitic lives...
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Old 12-16-2014, 08:04 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,619,570 times
Reputation: 6211
Quote:
Originally Posted by leoliu View Post
I am not worried about Alaskans in the falling of their oil economy. The Federal government or other US tax payers will bail them out when their oil economy falls apart. But for ppl like saudi arabians, they will have to learn a new trade to pull through the rest of their parasitic lives...
Saudi Arabians are the ones controlling the oil prices.Prices have gone down only because they have chosen to drive prices down for their own economic and political reasons.They want US oil companies to go under and they want Iran and Russia to go under,among other things. Prices will skyrocket again whenever they want to slow down production and create a scarcity.Don't worry about them. They are running the show.

http://blogs.reuters.com/great-debat...-with-its-oil/

"The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil—which requires higher prices to remain competitive with conventional production—out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war. Since the Syrian uprising began in 2011, regional and world powers have played out a series of proxy battles there " ….

The kingdom believes it can protect itself from the impact of the price drops. It can always increase oil production to make up for falling prices, or soften the blow of lower profits by accessing some of its $750 billion stashed in foreign reserves."

Last edited by bluedog2; 12-16-2014 at 08:16 AM..
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Old 12-16-2014, 09:36 AM
 
3,335 posts, read 3,125,061 times
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Quote:
Originally Posted by bluedog2 View Post
Saudi Arabians are the ones controlling the oil prices.Prices have gone down only because they have chosen to drive prices down for their own economic and political reasons.They want US oil companies to go under and they want Iran and Russia to go under,among other things. Prices will skyrocket again whenever they want to slow down production and create a scarcity.Don't worry about them. They are running the show.

Saudi Arabia is playing chicken with its oil

"The kingdom has two targets in its latest oil war: it is trying to squeeze U.S. shale oil—which requires higher prices to remain competitive with conventional production—out of the market. More broadly, the Saudis are also punishing two rivals, Russia and Iran, for their support of Bashar al-Assad’s regime in the Syrian civil war. Since the Syrian uprising began in 2011, regional and world powers have played out a series of proxy battles there " ….
"

Russians are not going to give up easily, and I sense an imminent Russian missile attack on the Saudis if the Russian government could not stop their national disaster from worsening via non-military measures...this oil manipulation is way too brutal and will destabilize the entire world.
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Old 12-16-2014, 09:46 AM
 
Location: Beautiful Pelham Parkway,The Bronx
8,389 posts, read 19,619,570 times
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Quote:
Originally Posted by leoliu View Post
Russians are not going to give up easily, and I sense an imminent Russian missile attack on the Saudis if the Russian government could not stop their national disaster from worsening via non-military measures...this oil manipulation is way too brutal and will destabilize the entire world.
The lower oil prices are a boon to most of the world.Although some US oil interests might get hurt we are for the most part thrilled to watch Russia,Iran and Syria go down the tubes and have our economy improve.

One could quite easily argue that oil manipulation will have a stabilizing effect rather than a destabilizing effect.It's more likely Russia will back off on Crimea and stop supporting Syria. Iran might come to the table as well. If Putin gets any crazy ideas, his own Oligarchs will get rid of him.They may already be plotting this because they now know that he is an impediment to their continued wealth.
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Old 12-16-2014, 09:49 AM
bg7
 
7,698 posts, read 7,627,262 times
Reputation: 14991
Quote:
Originally Posted by leoliu View Post
Russians are not going to give up easily, and I sense an imminent Russian missile attack on the Saudis if the Russian government could not stop their national disaster from worsening via non-military measures...this oil manipulation is way too brutal and will destabilize the entire world.

That's not going to happen.
You haven't got a realistic grasp on international affairs.
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Old 12-16-2014, 11:06 AM
 
Location: Bronx
14,773 posts, read 17,397,072 times
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Quote:
Originally Posted by leoliu View Post
I have to say that it is a stunning experience to view how Russia is struggling in the wake of an ongoing oil plunge and national budget and currency crisis. Let's discuss what to do here at home in NYC to prepare or even to benefit from a disappearing world power.

A burning question to ask is what will NYC RE market catch a big cold from the ongoing Russia/BRICK crisis? Anybody seeing similar situations in his or her previous life would be kindly willing to opine?
You worry a lot about NYC, but all great western cities come to an end of dominance. This has happened to Athens, Alexandria, Rome, Constantionople, Venice, Paris, London and some day NYC, other cities also suffered similar fates such as Jerusalem and Baghdad, sadly all these cities still exist but lost their former prominent roles on world stage to a certain degree. These cities prospered off of trade, arts and knowledge.

The politics of the world shifting East for the first time in 500 years and the dominance of the Atlantic trade which dominated by once Spain/Portugal, than Netherlands briefly, than Britain and the USA is finally coming to an end and the USA knows this, this is the reason why the US is pushing for the Trans Pacific Partnership with Mexico, Canada, Chile, japan, Australia, Indonesia, South Korea Peru and other Pacfic Rim countries except for Russia, China and North Korea which these countries still represent the continental economic system. The City of NY was built on the Atlantic system if anyone does not know this. Once the Atlantic system declines, NYC wont be the leading city it once was in terms of finance as well as real estate. This wont happen until the foreseeable future. So whoever thinks NYC will be the greatest city forever is really mistaken!

As for the NYC Real Estate Market? I remember reading and listening to news excerpt about an Individual from the PRC buying the Woldorf Astoria building in Manhattan. Their is a great fear about letting America's enemies buying properties in expensive places like NYC and San Francisco. Mind you these Russian and Chinese Oligarchs do not pay full price for these properties and only a down payment with trickles of other payments here and their. Russian and Chinese billionaires are controlled by their states and backed by their states compared to American, Latin American, Western European and other Billionaires who are backed by other banks, and other investors in their own realms or states and not by the government, in these countries including the USA the rich and the wealthy control the government. In China and Russia the Rich and wealthy do not control anything and can easily be brought down. A good example of this is the Lukoil Oligarch who was imprisoned by the Putin Regime! Russia and China are authoritian absolutist states and will be this way for the foreseeable future. Things are decided by Putin and his friends in Russia, and in China choices are made by Chinese Communist Party, its members. Chinese and Russian oligarchs can back out of American real estate game if told so by their leaders. What JP Morgan, Citi bank going to do if Russia and PRC pull out of the Real Estate market? They gonna ask the DOD to nuke Moscow or Beijing? Not gonna happen!
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Old 12-16-2014, 11:15 AM
 
9,872 posts, read 7,676,937 times
Reputation: 4669
At the end of the day we found out that Russia hasn't got much to export besides crude. And the World doesn't have the storage for it other than where it came from. So they raise rates to pay for their fixed costs. But nobody needs to borrow from them anyway.
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Old 12-16-2014, 11:19 AM
 
1,975 posts, read 1,234,875 times
Reputation: 1182
Quote:
Originally Posted by Bronxguyanese View Post
You worry a lot about NYC, but all great western cities come to an end of dominance. This has happened to Athens, Alexandria, Rome, Constantionople, Venice, Paris, London and some day NYC, other cities also suffered similar fates such as Jerusalem and Baghdad, sadly all these cities still exist but lost their former prominent roles on world stage to a certain degree. These cities prospered off of trade, arts and knowledge.

The politics of the world shifting East for the first time in 500 years and the dominance of the Atlantic trade which dominated by once Spain/Portugal, than Netherlands briefly, than Britain and the USA is finally coming to an end and the USA knows this, this is the reason why the US is pushing for the Trans Pacific Partnership with Mexico, Canada, Chile, japan, Australia, Indonesia, South Korea Peru and other Pacfic Rim countries except for Russia, China and North Korea which these countries still represent the continental economic system. The City of NY was built on the Atlantic system if anyone does not know this. Once the Atlantic system declines, NYC wont be the leading city it once was in terms of finance as well as real estate. This wont happen until the foreseeable future. So whoever thinks NYC will be the greatest city forever is really mistaken!

As for the NYC Real Estate Market? I remember reading and listening to news excerpt about an Individual from the PRC buying the Woldorf Astoria building in Manhattan. Their is a great fear about letting America's enemies buying properties in expensive places like NYC and San Francisco. Mind you these Russian and Chinese Oligarchs do not pay full price for these properties and only a down payment with trickles of other payments here and their. Russian and Chinese billionaires are controlled by their states and backed by their states compared to American, Latin American, Western European and other Billionaires who are backed by other banks, and other investors in their own realms or states and not by the government, in these countries including the USA the rich and the wealthy control the government. In China and Russia the Rich and wealthy do not control anything and can easily be brought down. A good example of this is the Lukoil Oligarch who was imprisoned by the Putin Regime! Russia and China are authoritian absolutist states and will be this way for the foreseeable future. Things are decided by Putin and his friends in Russia, and in China choices are made by Chinese Communist Party, its members. Chinese and Russian oligarchs can back out of American real estate game if told so by their leaders. What JP Morgan, Citi bank going to do if Russia and PRC pull out of the Real Estate market? They gonna ask the DOD to nuke Moscow or Beijing? Not gonna happen!
You should read the below article I linked. It is educational and will help you understand NYC Real Estate Market (specifically from a foreigners perspective).

Why New York Real Estate Is the New Swiss Bank Account -- New York Magazine
[url=http://nymag.com/news/features/foreigners-hiding-money-new-york-real-estate-2014-6[/url]

Last edited by NYer23; 12-16-2014 at 11:35 AM..
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Old 12-16-2014, 11:36 AM
 
Location: Bronx
14,773 posts, read 17,397,072 times
Reputation: 7506
Quote:
Originally Posted by Kefir King View Post
Russia will survive.



Would that the United States get a bit more "isolated" instead of fighting wars all over the globe.

Currency crisis? A country that is as isolated as you say CANNOT have a currency crisis...it can print all it wants and never have to worry about the relationship of its currency to any other.
I agree with this!

Quote:
Originally Posted by leoliu View Post
Russia's slide toward economic crisis


A year ago, Russia's economy was growing by about 1.5% and President Vladimir Putin was preparing to host the Sochi Winter Olympics.

Fast forward 12 months: Moscow is trying to prevent a currency crisis turning into an economic catastrophe, and finds itself more isolated than at any other point in the last 25 years.
[CENTER] [/CENTER]


The crisis carries big risks for Western banks and companies that do business with Russia.



So how did it come to this?
Sanctions due to Crimea Invasion, Russia support for Syrian regime. I wonder how will this impact Russia's ally China, Iran and North Korea? How did thie happen? Western banks loaned to Russia, aswell as Russians buying properties in London and in NYC. Our Markets are intertwined with theirs to some degree.

Quote:
Originally Posted by G-Dale View Post
At the end of the day we found out that Russia hasn't got much to export besides crude. And the World doesn't have the storage for it other than where it came from. So they raise rates to pay for their fixed costs. But nobody needs to borrow from them anyway.
Oil has an energy resouces is not going away anytime soon unless the oil wells on earth become completely depleted or we find some new energy resources like cold fusion or hydrothermal energy. Russia is currently opening piplines that will stretch to China. Also Russia is going to build a pipline that stretches to South Korea giving both North Korea and South Korea oil. But still Russia is sliding into a Recession thanks to American Sanctions and lowering of oil prices from Opec cartel.
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