Tuesday, January 29, 2019

Russia's Foreign Debt at Decade Low, as Economy Shifts Away from Neo-Liberal Order

The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris take a look at how Russia continues to aggressively disengage from the dollar dominated neo-liberal world order. The Russian government has announced that it has cut its foreign debt to decade lows, while boosting national reserves.

Meanwhile the Russian economy moves ever closer to China, in economic and geopolitical spheres.

Isolationism, of a sort, works. It encourages domestic productive activity, generating employment.

[Posted at the SpookyWeather blog, January 29th, 2019.]