This economic collapse has it's benefits.

Remember when Putin invaded Georgia? Remember when Chavez called Bush the devil at a UN Conference? Remember when Ahmadinejad threatened to wipe Israel off the face of the earth? Remember when all of these guys mysteriously came out of the woodwork and rattled their sabres? Well, they were awash in petro dollars and were feeling pretty good about life when oil hit $147/barrel.

Well now this torpid trio are singing a slightly different tune. News comes out of the UK suggests that while US maybe hurting, this economic recession has virtually sunk the economies of these countries. Mind you all three have been heavily investing into military expansions. Chavez was buying aircraft carriers, Ahmadinejad is developing nuclear weaponry and long range ballistics and Putin has been resurrecting his military might across all major disciplines.

Of course they are all blaming America for their problems, but expecting them to admit that they have no economy what so ever and instead wasted money for military purposes - would probably be too much to ask.

Rejoice Americans, it is not all bad!

Russia Story
Iran Story
Venezuela story

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