The anchor of the global system is shifting from debt claims to real assets, and the implications are profound
During his Valdai speech on Thursday, Russian President Vladimir Putin made the following rather dry statement:
“It’s impossible to imagine that a drop in Russian oil production will maintain normal conditions in the global energy sector and the global economy.”
It certainly wasn’t the highlight of the night, and I haven’t seen it in the headlines of any of the recaps. The statement is, of course, true. Putin is saying: “you can’t kick us out.”
But let’s unpack this a bit and try to get a bird’s eye view of what this mundane statement…
Read the full article at RT.COM
