(18 December 2014, 01:10)Devonian Wrote: (18 December 2014, 00:35)Steve Wrote: What puzzles me is why Saudi are crashing the Russian economy. They must have known it would happen, what do they have to gain from it ?
Maybe they are being encouraged to do so by a third party
That had crossed my mind, especially when I remembered that Russia has recently signed an agreement with China to trade oil in currency other than the Dollar.
Saudi won't want a Dollar crash, as they have so many of them, but I'd have expected them to keep things stable as they quietly offloaded their Dollars for Gold ( or indeed for anything with a future ).