Expert: Russia can shake the banking system of the West

In possession of the capital of Russia has economic instruments for response to the actions of the West, through which Russia can before the Foundation of shocking global banking system, writes political scientist and journalist Pepe Escobar in the column on the Internet representation Agency Sputnik.
Escobar drew attention to the underlying economic performance of Russia and the United States. State dog capital of Russia is only 13, 4% of GDP, while external debt capital of the United States - an impressive 74% of GDP (data for 2013). Budget shortage in the United States When it is placed at the level of 4% of GDP, compared to only 0, 5% Russia, RIA " Novosti ". The reviews columnist, fluctuations in the ruble exchange rate Not due to fundamentals, but are consequences of the economic attack the US and the EU and oil derivatives. The problem for the West is Escobar writes that the financing of the Russian economy over tied to fundamental indicators, rather than American, which makes it more than resistant to stress." The defensive strategy of the capital of Russia is Not so bad. In the key field - energy - problems for the West, and Not for the Russian Federation. If the EU does Not want to buy something that offers Gazprom, Europe will be in big trouble, " said the journalist. Escobar believes that to address the current issues in the economy need to reduce dependence on payment in foreign markets. With tools to respond to economic pressure from the West, such a scenario is extremely likely." Do not forget that the Russian Federation can always impose a moratorium on the payment of external debt obligations in the amount of over 600 billion dollars. This will shake up the Foundation of the global banking system, " says the writer. In his vision, the implementation of such a scenario, the welfare of the EU and the US will start to melt away. The policy of economic warfare on the Russian capital from Brussels does Not change the situation really, says Escobar. Russia controls nearly 25% of the world's oil and gas resources, while the situation in other regions with the presence of natural resources can be extremely unstable." Europe is doing everything in its power to cut itself off from the most reliable supplier of hydrocarbons, prompting Moscow to shift to China and other Asian markets, " says the writer." Now imagine the Russian Federation and China, creating a monetary Union whose currency is backed by gold and natural resources, in the form of alternatives to the failed model " debt of democracy.<


sections: Politics