The Forum > General Discussion > Turnbull gives US the heave-ho
Turnbull gives US the heave-ho
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>>China and Russia are winning the peace through real production and taking control of their banking systems.<<
Russia's economy is officially a basket case.
"Russia’s economy is teetering on the verge of recession. The central bank says it expects the next two years to bring no growth. Inflation is on the rise. The rouble has lost 30% of its value since the start of the year, and with it the faith of the country’s businessmen."
http://www.economist.com/news/briefing/21633816-more-decade-oil-income-and-consumer-spending-have-delivered-growth-vladimir-putins
"The economy is expected to contract by a whopping 3.5 to 4 percent in 2015 against bad, but not overly serious inflation of 15 percent. What's more, experts from the World Bank, International Monetary Fund, investment banks, government agencies, the Finance Ministry, Economic Development Ministry and the Central Bank — all predict the same thing: another year of moderate economic decline followed by a slight recovery and then stagnation for the foreseeable future."
http://www.themoscowtimes.com/opinion/article/no-good-news-for-russias-economy/538862.html
And your concept of China having control over its banking system also needs closer scrutiny...
"Chinese banks are facing their worst year in more than a decade as they try to push bad loans off their books. Profit growth at Chinese banks slowed significantly during the first half of 2015 compared with the first quarter. The nation’s largest lender by assets, Industrial & Commercial Bank of China Ltd., reported net-profit growth of 0.6% in the first half from a year earlier. By contrast, its first-quarter profit grew 1.4% from a year earlier, while its first-half 2014 profit grew 7% from the same period in 2013."
http://www.wsj.com/articles/s-p-says-chinas-banks-face-growing-risk-from-bad-debt-1442837903
But hey, facts have never stood in the way of your conspiracy-nut theories before, have they.