iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,473 Blog Posts

RUSSIA’S MEDVEDEV WARNS FRANCE OF WAR

The former President of Russia and current Chair of the Security Council of Europe had some choice words for France today, after statements by their Finance Minister saying the west was in the process of collapsing the Russian economy.

French Finance Minister Bruno Le Maire said: “We are going to wage a total economic and financial war on Russia […] We are going to cause the collapse of the Russian economy.”

Russia’s response:

He even sent another tweet in French to avoid any confusion. Things are certainly ratcheting up, as the US now alleges Russia of war crimes, very rich coming from America all things considered.

All of this is having a profound effect on crude, now up 9% to $105 for the session. Interestingly, many oil stocks are down, however, due to overall market weakness.

LMT and other defense stocks are up sharply again today.

In related news, Moldova is next!

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4 comments

  1. zombie

    FIG!

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    • tha pirate

      Hey Zombie, long time.

      Well boys, looks like our friend Zombie is back – perhaps in time for the coming Zombie apocalypse Brandon is brewing : D

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      • zombie

        Lol ?. Thanks Pirate. Always lurking, prepared for these end of times.

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  2. soupbone

    the French ministers’ statement was soft-headed and didn’t even tip the arrogance scale up to EU standards.

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