
Give up?
It’s Russia, with a miniscule Debt to GDP Ratio of 65%.
Economic sanctions and plunging oil prices are certainly hurting their economy over the short-term. But they can withstand the onslaught. The Russian people have known nothing but hardship for centuries. They have been attacked countless times by the West. They have withstood 70 years of Soviet rule. And they are still standing – with very little debt.
The list above is like a row of dominoes. As soon as one of the dominoes at the top falls, the rest of the world falls too. That is why the powers that be are desperately trying to keep the Greek domino from falling. And they are only the seventh most unstable domino. To think this can go on forever is delusional. It will end and it will change the world forever.
And Russia will still have the oil and gas under their feet.





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