Tuesday, January 6, 2015

 Is Putin Creating a New World Order?  :  Information Clearing House - ICH

 Is Putin Creating a New World Order?  :  Information Clearing House - ICHJanuary 06, 2015 "ICH" - "Counterpunch" - It’s hard to know which country is going to suffer the most from falling oil prices. Up to now, of course, Russia, Iran and Venezuela have taken the biggest hit, but that will probably change as time goes on. What the Obama administration should be worried about is the second-order effects that will eventually show up in terms of higher unemployment, market volatility, and wobbly bank balance sheets. That’s where the real damage is going to crop up because that’s where red ink and bad loans can metastasize into a full-blown financial crisis. Check out this blurb from Nick Cunningham at Oilprice.com and you’ll see what I mean: