European Tribune - Comments - Wannabe NATO member on war path

Wannabe NATO member on war path | 100 comments (100 topical, 0 editorial, 0 hidden)

Re: Wannabe NATO member on war path (4.00 / 2)

US government. The substantial part of about 600 bln $ in Russian foreign reserves and stabilization fund is invested into t-bills (USG debt) and also into Fannie Mae (propping US housing market).

Russia sells oil, gets unneeded money which free marketers in economic block are saying is too risky to spend inside Russia and lends the money to the USG so that USG can spend more on Georgian arms.

by blackhawk on Fri Aug 8th, 2008 at 06:24:51 PM EST
[ Parent ]

Re: Wannabe NATO member on war path (none / 1)

Georgian arms aren't really a significant expense. As far as spending it inside Russia - doesn't it already have some inflation issues? It has to park that money someplace, the choices for liquid investments of that scale are pretty much limited to the US and the Eurozone.

by MarekNYC on Fri Aug 8th, 2008 at 06:33:25 PM EST
[ Parent ]

Wannabe NATO member on war path | 100 comments (100 topical, 0 editorial, 0 hidden)

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