Malaysia (and other Asian countries) faced the real "debt trap" sprung by the the West during the 1997-1998 Asian Financial Crisis. George Soros short-circuited the Thai Baht and caused it's value to fall something like 40%. The other countries around Thailand like Malaysia were basically forced to devalue their currency to compete with Thailand in international trade, but of course inflation skyrocketed, the stock market and Real estate market crashed. Mahathir basically saved Malaysian financial system from collapse by pegging the currency (3.8 Ringgit) to the US $1 dollar. One of the most outspoken anti-American and anti-western political leaders in the world, too bad Malaysia has such discriminatory policies to it's ethnic Chinese minority to this day.
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- Thread starter bd popeye
- Start date
Just sell 1-3 javelin to the black market and you and your buddies can get off frontline duty.
It’s time to stock up on firewood from your local park forest. Lmao
Next stop, banning Russian natural gas, and then destroying their own economy lol
They will just buy the "Latvian blend" and similar BS. Since when does Latvia have oil?
Expect all sorts of phoney baloney oil sources to show up.
You cannot just replace the world's second largest oil producer with more oil production than #3 Saudi Arabia just like that.
The mere idea is bonkers.
Just to give you some comparison, Russia produces 3x the amount of oil than that of Iran, and almost 17x that of Venezuela.
In theory Iran could produce a lot more oil, but it would require dropping sanctions and like 8 years of investment.
As for Venezuela, they have the world's largest oil reserves, but it is in the oil shales of the Orinoco. It might take two decades of investment to get the oil out. And it would not be cheap since it is heavy hard to extract oil.
Expect all sorts of phoney baloney oil sources to show up.
You cannot just replace the world's second largest oil producer with more oil production than #3 Saudi Arabia just like that.
The mere idea is bonkers.
Just to give you some comparison, Russia produces 3x the amount of oil than that of Iran, and almost 17x that of Venezuela.
In theory Iran could produce a lot more oil, but it would require dropping sanctions and like 8 years of investment.
As for Venezuela, they have the world's largest oil reserves, but it is in the oil shales of the Orinoco. It might take two decades of investment to get the oil out. And it would not be cheap since it is heavy hard to extract oil.
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"Who needs oil anyways, we can power our entire cities and industries with our support for Ukraine, Slava Ukraini!"
I hope Uganda's president has a good grip over the courts and the military.