GOLD is the money of the KINGS, SILVER is the money of the GENTLEMEN, BARTER is the money of the PEASANTS, but DEBT is the money of the SLAVES!!!

Tuesday, December 2, 2014

Russia government warns about recession in first quarter of 2015







Russian economy in the red: Moscow says it’s economy will be hit with recession at the beginning of next year. The country’s Economic Development Ministry has slashed the growth forecast, saying recession will come in the first quarter of 2015. The ministry has estimated that the Gross Domestic Product---GDP---will decline to point-eight-percent. Earlier, officials had predicted a growth of 1.2 percent. Authorities are warning that the Russian economy can even sink to record lows in mid-2015. The economic development ministry says a sharp fall in global oil prices as well as Western sanctions are the main reasons behind Russia’s bad economy.

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