Medvedev - "Cannot rule out the collapse of the Euro"

[DMac]

http://www.bloomberg.com/apps/news?pid=newsarchive&sid=aHplQFUiZo0E

Article covers Medvedev speaking on Euro, Iran, BP

[Steal]

I dont get it.Quote> The government will use tax incentives and other free-market economic policies to attract investment, he said, as Russia seeks to diversify its economy away from natural resources.

Menwhile, China is swooping in all over the globe and gobbling up , wheeling and dealing for everyones natural resources.

[the white rabbit]

Seems to be going up .

[FreeEnergy]

Steal, over 60% of Russia's import is oil and gas. If you exclude military equipment and add timber it would be a staggering percentage. Over 90% of Russia's imports to USA are minerals and raw materials (including timber). Over 50% of Russia's budget is revenue from oil and gas.

Russia terribly needs to diversify into manufacturing something other than military equipment.


China is swooping resources because you can't manufacture anything if you don't have any.