THE RUSSIAN OIL OLYMPICS

"Russian tanks are rolling again, but why now?

For one thing, the high oil prices that have propped up the Russian economy are now faltering. The bubble has burst. The Russian stock market (RTS) dropped 25% so far this year.

This stock crash is in spite of vast Russian oil profits. With most of the Russian oil money looted from Russia, and now Russian oil prices falling, the economy is suffering. Real estate has been more expensive in Moscow than in anyplace in the world. That bubble too may now change.

As Jack (Dr. Wheeler) said yesterday (8/08) "Russia has no future beyond ephemerally high oil prices. Once they crash, so does Russia."

The orchestration of high oil prices has fallen apart since America (meaning the Republicans) finally started to get serious about oil supplies. With the future showing cheaper oil, what supported the gluttonous Russian mafia has disappeared. The Putinistas know this, and need a distraction to keep the people feeling powerful and Russian."

And of course, what is a more nationalistic time to show Russia's power but at the start of the Olympics? The whole operation is awash in testosterone."

-- Dagny D'Anconia