Russian Economy General News: #2

Mistake is an underestimation, that would be treasenous to any countries citizen when you privatize water. In hundret years when the air gets more and more polluded they will privatize and tax fresh air. The entire EU/US is hideous construct money and power hungry to the core and brings absolutley nothing possitive. Privatizaion should be banned for anything that is bound to social sector.

kvs wrote:

Mike E wrote:
As I said, privatization and government do not mix... Also, your typical "privatize" ends off being a government-cause problem. - Go read what I said on "private prisons". Yeah, typical conservatives tend to be rather stupid at times (depends), but IMHO they still have a better economic awareness than Keynesians and/or Socialists... The problem actually isn't within the system itself, but inside of big money, corporations, statist governments, and most of all, LOBBYISTS!

Our MIC is a direct result of our large government, as everything proves... France isn't Socialist for crying out loud! They are liberal, boosted by artificial inflation and the IMF much like the US. - Most here in the US are huge fans of the "universal" Canadian healthcare system, guess they are wrong...

Did you just call Putin "Putler"? That is a typical Western troll phrase, and not something I expect coming from you... The US has a boatload of debt because of the Keynesian Fed, IMF, QE you name it. 

I was being sarcastic.   Yeltsin was feted as some great democrat and Putin is demonized as a tyrant.   The opposite is true.   Yeltsin packed Russian jails and Putin released near 200,000 by introducing proper judicial reform, including probation and jury trials.  

The West's love-affair with Boris Yeltsin is/was sickening. Don't forget one of Yeltsin's first acts was to fire tank shells at his own parliament building, very democratic of him...

Just because a current government in western hemisphere are doing shit does not mean you have to give away your living standards to some private companies which are not bound to any social solidarity or morality to benefit the people. It is the duty of a government and even more of all citizens to hold both private and government sector beneath interest of citizens, giving the one or the other power is suicide of a civilisation. That is why i am for high standards of education which should implement critical thinking subjects in all schools but also for high academic educations pol-ed (political education) but which is hard to fullfil since that will be always either totally biased or artifically leading interest and knowledge in an unwanted direction, there for people should be at least preasured for researching everything and anything especially when it comes politics and geopolitics because that can decide between peace and war. Educated people are unwanted by governments, at least by governments that have interests like US and EU.

higurashihougi wrote:Economics is not my specialization, but due to my experience I will say:

1)Oligarchs do not only appeared in private sector, but also in state-owned sector, too. Private oligarchs are seen a lot in the U.S. State-owned oligarchs were in the former USSR. Some corrputed people use the cover of "public service" to make money for their selfish needs. For me, most oligarchs, whether in private or state-owned sector, are bullshits liars who only care for themselves.

2)Privatization increase the competitiveness, autonomous and independence of local small enterprises, and enable the people to share the burden of the State. Nationalization increase the strength of the State, increase the public services and welfare, and reduce the power of oligarchs who try to monopolize the market.

3)The principle is that "do not let too much wealth lies in the hand of too few people". Depends on the circumstance, who is having too much, we choose privatization or nationalization. A mixed economy with strong and large state-owned enterprises in vital sectors, and extensive privatization in other ones seems to be most suitable.

4)Being born in a Socialist country, I am a strong supporter of Statism, and I prefer a strong and extensive healthcare, education, media system owned by the State. Private enterprise needs to be maintained to create competitiveness. Military enterprises, of course, must be 100% state-owned.

5)All kinds of land has to be public-owned, not private-owned. I don't know about the law in the U.S., but in Vietnam, public-owned is different from state-owned. It means that both the people and the state are the co-owners of the land. If the state want to take the land, it has to ask the people.

Only if the state use that land for the sake of national defence, national security, public benefits, national economy (schools, parks, culture centers, commercial centers...), it can take the land without the agreement of the people.

Mike E wrote:
European "conservative" = American "liberal". Women's rights are a liberal movement, and not a conservative one...  (They are both liberal and conservative) IMHO federalism is better than your typical, statist, central government.

Correct me if I am wrong, but for me, unlike the EU, in the U.S. politicians tends to not claim themselves to be left-wing or socialist, and the policies tends to be more neoliberal than the EU. The effect of "Red Scare" tends to be quite strong and long-lasting.

Again, correct me if I am wrong.

1) That is true... However, if the private sector is "privatized right" (as in it isn't a government sponsored way to have money exchange hands...) the power of oligarchs should diminish....

2) Yes and no..... I agree with what you said on the basics of privatization, but not on nationalization... IMHO, nationalization simply increases the power of a group of people that very well could be corrupted oligarchs... As James Madison once said (not direct quote), "those you put in power are bound to use it for themselves" or something like that, and it is very true... Just look at how Mao rose to power based on the idea that he was for the people, but in reality he was just a selfish jerk!

3) That I can agree with... Keep in mind that "true" privatization is based on the idea of keeping the power and wealth from spreading to just a few via government, and having companies compete to sell their products whatever it may be.

4) I understand, people born in their country are almost bound to support their government and it's ideology. I am the exact opposite, in fact many call me an Anarchist, which I don't reject...For myself and many others; government = statism = putting people in power = inevitable corruption.

5) That makes sense... Here in the US we have good ole' private land, which I do support. Whoever pays for it should own it!

You are mostly correct... They tend not to really announce if the are left-wing etc, but rather just join a party based on nothing. The mainstream ideology here is "neo-idiocy"

Werewolf wrote:Just because a current government in western hemisphere are doing shit does not mean you have to give away your living standards to some private companies which are not bound to any social solidarity or morality to benefit the people. It is the duty of a government and even more of all citizens to hold both private and government sector beneath interest of citizens, giving the one or the other power is suicide of a civilisation. That is why i am for high standards of education which should implement critical thinking subjects in all schools but also for high academic educations pol-ed (political education) but which is hard to fullfil since that will be always either totally biased or artifically leading interest and knowledge in an unwanted direction, there for people should be at least preasured for researching everything and anything especially when it comes politics and geopolitics because that can decide between peace and war. Educated people are unwanted own by governments, at least by governments that have interests like US and EU.

Who said you have to "give it away"? The idea is that, replace government in the areas where it fails, and replace it with private companies that would compete for a deal etc. It is the duty of government, to control the people and make money off of them, at least that is what we've seen in the past! As far as I'm concerned, having governments compromises the people. When it comes to school, I am all for abolishing the terrible failure known as "public schools". Instead private schools, which would have to live up to the standards of High School and colleges.

Mike E wrote:

Werewolf wrote:Just because a current government in western hemisphere are doing shit does not mean you have to give away your living standards to some private companies which are not bound to any social solidarity or morality to benefit the people. It is the duty of a government and even more of all citizens to hold both private and government sector beneath interest of citizens, giving the one or the other power is suicide of a civilisation. That is why i am for high standards of education which should implement critical thinking subjects in all schools but also for high academic educations pol-ed (political education) but which is hard to fullfil since that will be always either totally biased or artifically leading interest and knowledge in an unwanted direction, there for people should be at least preasured for researching everything and anything especially when it comes politics and geopolitics because that can decide between peace and war. Educated people are unwanted own by governments, at least by governments that have interests like US and EU.

Who said you have to "give it away"? The idea is that, replace government in the areas where it fails, and replace it with private companies that would compete for a deal etc. It is the duty of government, to control the people and make money off of them, at least that is what we've seen in the past! As far as I'm concerned, having governments compromises the people. When it comes to school, I am all for abolishing the terrible failure known as "public schools". Instead private schools, which would have to live up to the standards of High School and colleges.

Privatizing social sectors is not only stupid it is hazardous. Privatizing lot of things will not bring competitive market since that is what we have today big companies try to hold back major technologies which are great but would diminish their income because they are far more durable like technologies in car industry useage of special like teflon materials in engines and no need for using oil to keep friction low, same as computer industry they holding back technology so they have already something they can publish in two years, while the peasants (we) are buying same crap like in graphics cards which are altered in such pathetic ways that everyone at home could do. They just overclock processors and graphic cards and sell the same old graphics card as a GTX version for 200€ more and add a bigger ventilator.

Privatizing education of such crucial things like a countries education is a genocide of the intellect and crippling the future of a country. Companies will not educate your people to be actually smart and sceptic but to be consumer peasants that will only consume and consume that is a sure thing how to destroy countries and their futures.

It is one thing to try to solve problems which are existend in government and bound to one sort of laws and possibilities how to change things or how to proceed to alter them to a good system and it is a complete different thing to privatize things and than be not able and in no position to alter anything. Because when it is privatized and lot of countries have laws that children must go to school, some countries even forbid home schooling so your nations future will be only in hands of private organisations and companies which can be bought and bribed by bigger companies especially when your educational system is privatized in a smaller country and then comes a bigger industrial country and just buys the company that is responsible for the education of your citizens. Great solution really great. That would be end of anyones country.

Werewolf wrote:

Mike E wrote:

Werewolf wrote:Just because a current government in western hemisphere are doing shit does not mean you have to give away your living standards to some private companies which are not bound to any social solidarity or morality to benefit the people. It is the duty of a government and even more of all citizens to hold both private and government sector beneath interest of citizens, giving the one or the other power is suicide of a civilisation. That is why i am for high standards of education which should implement critical thinking subjects in all schools but also for high academic educations pol-ed (political education) but which is hard to fullfil since that will be always either totally biased or artifically leading interest and knowledge in an unwanted direction, there for people should be at least preasured for researching everything and anything especially when it comes politics and geopolitics because that can decide between peace and war. Educated people are unwanted own by governments, at least by governments that have interests like US and EU.

Who said you have to "give it away"? The idea is that, replace government in the areas where it fails, and replace it with private companies that would compete for a deal etc. It is the duty of government, to control the people and make money off of them, at least that is what we've seen in the past! As far as I'm concerned, having governments compromises the people. When it comes to school, I am all for abolishing the terrible failure known as "public schools". Instead private schools, which would have to live up to the standards of High School and colleges.

Privatizing social sectors is not only stupid it is hazardous. Privatizing lot of things will not bring competitive market since that is what we have today big companies try to hold back major technologies which are great but would diminish their income because they are far more durable like technologies in car industry useage of special like teflon materials in engines and no need for using oil to keep friction low, same as computer industry they holding back technology so they have already something they can publish in two years, while the peasants (we) are buying same crap like in graphics cards which are altered in such pathetic ways that everyone at home could do. They just overclock processors and graphic cards and sell the same old graphics card as a GTX version for 200€ more and add a bigger ventilator.

Privatizing education of such crucial things like a countries education is a genocide of the intellect and crippling the future of a country. Companies will not educate your people to be actually smart and sceptic but to be consumer peasants that will only consume and consume that is a sure thing how to destroy countries and their futures.

It is one thing to try to solve problems which are existend in government and bound to one sort of laws and possibilities how to change things or how to proceed to alter them to a good system and it is a complete different thing to privatize things and than be not able and in no position to alter anything. Because when it is privatized and lot of countries have laws that children must go to school, some countries even forbid home schooling so your nations future will be only in hands of private organisations and companies which can be bought and bribed by bigger companies especially when your educational system is privatized in a smaller country and then comes a bigger industrial country and just buys the company that is responsible for the education of your citizens. Great solution really great. That would be end of anyones country.

Werewolf, because this will go on forever, let's keep it at "to each his own". I base my ideologies on what I've seen (the failures of government) and experienced (the failures of the public education system, and that was before common core).

Mike E wrote:

Werewolf wrote:

Mike E wrote:

Werewolf wrote:Just because a current government in western hemisphere are doing shit does not mean you have to give away your living standards to some private companies which are not bound to any social solidarity or morality to benefit the people. It is the duty of a government and even more of all citizens to hold both private and government sector beneath interest of citizens, giving the one or the other power is suicide of a civilisation. That is why i am for high standards of education which should implement critical thinking subjects in all schools but also for high academic educations pol-ed (political education) but which is hard to fullfil since that will be always either totally biased or artifically leading interest and knowledge in an unwanted direction, there for people should be at least preasured for researching everything and anything especially when it comes politics and geopolitics because that can decide between peace and war. Educated people are unwanted own by governments, at least by governments that have interests like US and EU.

Who said you have to "give it away"? The idea is that, replace government in the areas where it fails, and replace it with private companies that would compete for a deal etc. It is the duty of government, to control the people and make money off of them, at least that is what we've seen in the past! As far as I'm concerned, having governments compromises the people. When it comes to school, I am all for abolishing the terrible failure known as "public schools". Instead private schools, which would have to live up to the standards of High School and colleges.

Privatizing social sectors is not only stupid it is hazardous. Privatizing lot of things will not bring competitive market since that is what we have today big companies try to hold back major technologies which are great but would diminish their income because they are far more durable like technologies in car industry useage of special like teflon materials in engines and no need for using oil to keep friction low, same as computer industry they holding back technology so they have already something they can publish in two years, while the peasants (we) are buying same crap like in graphics cards which are altered in such pathetic ways that everyone at home could do. They just overclock processors and graphic cards and sell the same old graphics card as a GTX version for 200€ more and add a bigger ventilator.

Privatizing education of such crucial things like a countries education is a genocide of the intellect and crippling the future of a country. Companies will not educate your people to be actually smart and sceptic but to be consumer peasants that will only consume and consume that is a sure thing how to destroy countries and their futures.

It is one thing to try to solve problems which are existend in government and bound to one sort of laws and possibilities how to change things or how to proceed to alter them to a good system and it is a complete different thing to privatize things and than be not able and in no position to alter anything. Because when it is privatized and lot of countries have laws that children must go to school, some countries even forbid home schooling so your nations future will be only in hands of private organisations and companies which can be bought and bribed by bigger companies especially when your educational system is privatized in a smaller country and then comes a bigger industrial country and just buys the company that is responsible for the education of your citizens. Great solution really great. That would be end of anyones country.

Werewolf, because this will go on forever, let's keep it at "to each his own". I base my ideologies on what I've seen (the failures of government) and experienced (the failures of the public education system, and that was before common core).

You are living in the US and you blame the government for educational disaster while your Government is already run by Private organisations, by the entire MIC, the private Federal Reserve Bank who is printing your countries money and therefor controlling its laws, the energy sector who already owns your prisons, the pharmacy industry who owns your health care system and hospitals and pays your doctors commission for eagerly give recepies for patience to get new pills and medicaments so the pharmacy industry makes more money. Your country is already privatized, there is far less in governments hands than in private hands. You already live the dream of privatized social sector.

Mike E wrote:

Werewolf wrote:Just because a current government in western hemisphere are doing shit does not mean you have to give away your living standards to some private companies which are not bound to any social solidarity or morality to benefit the people. It is the duty of a government and even more of all citizens to hold both private and government sector beneath interest of citizens, giving the one or the other power is suicide of a civilisation. That is why i am for high standards of education which should implement critical thinking subjects in all schools but also for high academic educations pol-ed (political education) but which is hard to fullfil since that will be always either totally biased or artifically leading interest and knowledge in an unwanted direction, there for people should be at least preasured for researching everything and anything especially when it comes politics and geopolitics because that can decide between peace and war. Educated people are unwanted own by governments, at least by governments that have interests like US and EU.

Who said you have to "give it away"? The idea is that, replace government in the areas where it fails, and replace it with private companies that would compete for a deal etc. It is the duty of government, to control the people and make money off of them, at least that is what we've seen in the past! As far as I'm concerned, having governments compromises the people. When it comes to school, I am all for abolishing the terrible failure known as "public schools". Instead private schools, which would have to live up to the standards of High School and colleges.

Mike, I'm not sure why you'd see private schooling as some sort of "saviour" for the USA. Personally, I think it would be some sort of death knell for it.

Are you saying companies tender to run schools where only taxes pay for the schooling? Sort of, state owned schools RUN by private management companies?

Or are you saying parents have to buy their kids education and choose how much to spend, according to their budgets and desires etc?
ie no State schools, only private schools with a massive variation in quality?

Britain is probably the home of the State-run-private school divide. And its the reason why I utterly hate Britain. It is a modern day apartheid, the class "system" (read corruption) personified. Basically it means smart kids suffer poor resources and therefore poor schooling, get poor grades and get into poorer unis and get poorer careers. And the cycle repeats. The privately educated are often very dim, but the huge resrouces thrown at them, the corruption in the exam system, university entrance, recruitment etc, means they end up rich and exploiting their much more talented peers from State schools. Its why Britain went from the most powerful country in the World, to an utter also ran, in the space of less than 50 yrs.

There keeps being the big lie promoted. That a crap organisation suddenly becomes brilliant if its put in private ownership. All that happens is that money is spent on pr to hide the problem, and the customers just become tools of profit. Looks at Enron, the victims of Madoff, of Union Carbide, Blackwater, Custar Battles etc etc. These places cant police themselves, but they can be pretty good at covering the truth.

I havent got any problem with the market system IF its in the right place.

Are you suggesting that high school education would have to be bought from these private companies? All that would happen is rich kids get a good education, and normal income kids get a shit one, regardless of ability.

In many countries, someone from a private school is considered to be a bit dim. People will say "why did his parents need to spend so much on his education". And its these countries that often have the most impressive, skilled young workers- across the board.

If Britain's state-private school apartheid got much bigger, I think it could ferment into a complete meltdown of civil unrest.

Werewolf wrote:

Mike E wrote:

Werewolf wrote:

Mike E wrote:

Werewolf wrote:Just because a current government in western hemisphere are doing shit does not mean you have to give away your living standards to some private companies which are not bound to any social solidarity or morality to benefit the people. It is the duty of a government and even more of all citizens to hold both private and government sector beneath interest of citizens, giving the one or the other power is suicide of a civilisation. That is why i am for high standards of education which should implement critical thinking subjects in all schools but also for high academic educations pol-ed (political education) but which is hard to fullfil since that will be always either totally biased or artifically leading interest and knowledge in an unwanted direction, there for people should be at least preasured for researching everything and anything especially when it comes politics and geopolitics because that can decide between peace and war. Educated people are unwanted own by governments, at least by governments that have interests like US and EU.

Who said you have to "give it away"? The idea is that, replace government in the areas where it fails, and replace it with private companies that would compete for a deal etc. It is the duty of government, to control the people and make money off of them, at least that is what we've seen in the past! As far as I'm concerned, having governments compromises the people. When it comes to school, I am all for abolishing the terrible failure known as "public schools". Instead private schools, which would have to live up to the standards of High School and colleges.

Privatizing social sectors is not only stupid it is hazardous. Privatizing lot of things will not bring competitive market since that is what we have today big companies try to hold back major technologies which are great but would diminish their income because they are far more durable like technologies in car industry useage of special like teflon materials in engines and no need for using oil to keep friction low, same as computer industry they holding back technology so they have already something they can publish in two years, while the peasants (we) are buying same crap like in graphics cards which are altered in such pathetic ways that everyone at home could do. They just overclock processors and graphic cards and sell the same old graphics card as a GTX version for 200€ more and add a bigger ventilator.

Privatizing education of such crucial things like a countries education is a genocide of the intellect and crippling the future of a country. Companies will not educate your people to be actually smart and sceptic but to be consumer peasants that will only consume and consume that is a sure thing how to destroy countries and their futures.

It is one thing to try to solve problems which are existend in government and bound to one sort of laws and possibilities how to change things or how to proceed to alter them to a good system and it is a complete different thing to privatize things and than be not able and in no position to alter anything. Because when it is privatized and lot of countries have laws that children must go to school, some countries even forbid home schooling so your nations future will be only in hands of private organisations and companies which can be bought and bribed by bigger companies especially when your educational system is privatized in a smaller country and then comes a bigger industrial country and just buys the company that is responsible for the education of your citizens. Great solution really great. That would be end of anyones country.

Werewolf, because this will go on forever, let's keep it at "to each his own". I base my ideologies on what I've seen (the failures of government) and experienced (the failures of the public education system, and that was before common core).

You are living in the US and you blame the government for educational disaster while your Government is already run by Private organisations, by the entire MIC, the private Federal Reserve Bank who is printing your countries money and therefor controlling its laws, the energy sector who already owns your prisons, the pharmacy industry who owns your health care system and hospitals and pays your doctors commission for eagerly give recepies for patience to get new pills and medicaments so the pharmacy industry makes more money. Your country is already privatized, there is far less in governments hands than in private hands. You already live the dream of privatized social sector.

I live in the exact opposite.... Werewolf, I'v said this before, I don't support the "private sector" most people think of. - They might as well be part of the government, as they already own it... The idea, is rather than have the government supporting contractors to build roads (for instance), have the people pick who they want to do the service etc. Have the companies, small and/or large, compete to win the deal. I am against the Fed, which might as well be a part of our government, and you know that... Werewolf, if anything, we here in the US live in a statist state!

So you are giving me as an example that the government needs a road and the "people" whoever those people might be decide which company has to build the road. That reminds me of a joke about bribings which would IMO have quite lot of ground in your example.

The joke goes like:

A city wants to build a new bridge and have a budget of 10 mln USD.
The cities council and project supervisor go and ask an american engineer for a costs estimate for the project.
The american engineer estimates around 8 mln USD cost for the total project.
The cities council and supervisor find that is to much and ask for the german engineer and his costs estimation he tells them it would cost 6mln for total project.
The City believes they still can do better and go ask for a Chinese engineer and his costs estimation and the chinese engineer tells them it would cost 10 mln in total.
The cities council asks why so much for one simple bridge and the chinese engineer replies we hire the german engineer to build the bridge for 6 Mln and we both get 2 mln USD each.


The problem with such system we have today here in Germany with the new Berlin airport that costed already 400 Mln was ordered by the government with a private company building it, a corrupt system, nothing is ready, no standards are met, the entire airport can not be used and the corruption will go on for next 5 years to complete this disaster. The entire shit was started in 2006 and after 8 years and several corruption scandals they finally have chosen one single guy to sue him to seddle down the corruption scandale but that crap will still go on.

Private companies are not the solution and are far worse than the government itself.

Okay, as I'm tiring of this discussion, Werewolf and everybody please go research "voluntaryism", the NAP, and other forms of government-less societies... I not a huge fan of explaining something, and have nobody gain anything from it, so please....

Just a bit of caution about private schools. From what I know first and second hand, these entities try to maximize revenues so they will not fail students. If we are talking about university level, then they are even worse.

I don't know what the solution is. The current public system in Canada is turning into a total, ludicrous joke. The US system is slightly ahead of Canada in terms of decay. The whole idea of "public service" has been tainted and the public is afraid of reform that does not involve privatization. I would purge all of the school boards and various PTAs and liberate the teachers. If Johnny can't add by the time he is in grade eight, then he is a retard and not a victim of the evil school system. Pandering to the lowest common denominator is a crime against normal students.

Ulyukayev: "Russian defense industry spends 3 times more than on education and health"


On the eve of the Cabinet has approved the federal budget for the near trёhletku

Russia needs a different balance of the budget, in which the share of spending on the economy, education and health will be higher than spending on defense and transfer to the Pension Fund, Minister of Economic Development of Russia Alexei Ulyukayev.


According to the minister, the Russian authorities did not have to choose between a balanced budget and economic growth as well as a trap for this choice leads to a crisis in the economy.


"We need another budget balance: a balanced budget, which comes without a deficit, but in which the share of spending on the economy, education, health and culture is three times less than the cost of defense, security and transfer of pension fund - I can not think of a budget balanced. This is an absolute imbalance "- said Ulyukayev, speaking at a luncheon of the Savings Bank at an economic forum in Sochi.


The problem, he says, is not that the Russian budget high proportion of expenditure in relation to GDP, and that these costs are substandard, RIA "Novosti". He recalled that when policies 2020, they talked about the budget maneuver: an increase of 3% of GDP share of production costs and the reduction of the same amount as the others.  "We got these" three plus - minus three ", only in the opposite direction: we increased overhead costs, reduced performance," - said Ulyukayev.


"We need to maintain tight fiscal policy, but it must be a reasonable stiffness, from which in any case should not suffer the manufacturing cost or investment in human capital," - said the Minister.


In turn, the Minister of Finance Anton Siluanov also noted that the defense spending budget reduces maneuverability. "Military spending is so difficult to maneuver in the budget that you need to optimize them and share them to cut," - he said.  Siluanov added that the budget can be found reserves, mainly at the expense of social spending.  "We need to be more targeted approach to their distribution," - he said.


On the eve of the government approved the draft federal budget for the next three years.  It takes into account all of the current economic realities: the stagnation of GDP, the acceleration of inflation, high rates of capital flight, restricting access to international financial resources, the growth of credit rates.


At the same time, the draft budget is based on the optimistic assumption that the Ukrainian crisis will be resolved and sanctions against Russia - canceled.  As previously wrote, "MK", ​​Ministry of Economic Development also relies on the fact that oil has dropped below $ 100 per barrel.  All this, coupled with sustained consumer demand, low unemployment, decline in imports due to the weakening of the ruble will help keep the Russian economy afloat.


In this regard, the government has also waived the introduction of new taxes, including sales tax, and public spending cuts.  Wait for peace proposed by saving on the growth of salaries, pensions and some investraskhodah, says RBC.

I'm not 100% sure this is the best place to post this, but.............

Japan’s Prime Minister Offers Meeting With Putin on Sidelines of November APEC Summit

Japanese Prime Minister Shinzo Abe and Russian President Vladimir Putin will possibly have a meeeting on situation in Ukraine and sanctions against Russia on the sidelines of November APEC summit in Beijing.

TOKYO, September 22 (RIA Novosti) - Japanese Prime Minister Shinzo Abe has offered Russian President Vladimir Putin to meet on the sidelines of November APEC summit in Beijing, Japanese Chief Cabinet Secretary, Yoshihide Suga said Monday. "Yesterday Prime Minister Shinzo Abe and Russian President Vladimir Putin had a telephone conversation. The Prime Minister told Putin that he considers it important to use the arena of international events such as the APEC summit, which will be held in Beijing in November, for the bilateral meeting. Both leaders acknowledged the importance of continuing the dialogue between Japan and Russia," Suga said at the press conference. Last time the two leaders met in early February at the opening of the Olympic Games in Sochi. Suga refrained from answering the question whether the issue of additional sanctions against Russia was discussed during a telephone conversation. Media reports suggested that Japan would announce a new package of sanctions against Russia in connection with the situation in Ukraine. In March, Japan suspended talks with Moscow on visa restrictions and slowed the start of negotiations on dangerous military activities in space prevention and investment cooperation. In April, the country banned visas for 23 Russian officials. In early August, the Japanese government implemented sanctions against 39 politicians and officials, who represented the Republic of Crimea, Donetsk and Luhansk people's republics. Japan also implemented a ban on the import of goods from Crimea. Putin repeatedly stated that using sanctions in foreign policy is not effective and never yields any results, warning that sanctions cause certain damage to those using this measure.

Mike E wrote:Okay, as I'm tiring of this discussion, Werewolf and everybody please go research "voluntaryism", the NAP, and other forms of government-less societies... I not a huge fan of explaining something, and have nobody gain anything from it, so please....

welcome on the train, no need to discuss things with people who have not a open view but a agenda, if 3 arguments with strong fundamentals and facts dont work and that on one and the same issue... dont bother making a fourth one, i didnt studied economic theory privetly, read textbook's on the issue to be dragged down to a crackerbarrel niveau, gladly russia does devolope in the right direction even if slowly, and is one of the most fiscally sound countrys, that is actaully ready to make the painfull cuts and sacrifices befor going on a borrowing binge

Russia’s capital outflow to hit $120 billion in 2014 — ministry

MOSCOW, September 22. /ITAR-TASS/. Russia’s capital outflow may range from $90 billion to $120 billion in 2014, Deputy Economic Development Minister Alexey Vedev said on Monday.

“External and internal political risks may trigger a capital outflow in 2014, which may range from $90 billion to $120 billion, considering the developments around the Sistema holding company and a fall in its market value,” the deputy minister said.

Sochi investment forum inks 398 deals worth $15 billion — Medvedev

GORKI, September 22. /ITAR-TASS/. A total of 398 contracts worth 603 billion rubles ($15.5 billion) were signed at the international investment forum held in the Russian Black Sea resort of Sochi last week, Prime Minister Dmitry Medvedev said on Monday.
“To my mind, the forum was a success as a lot of interesting contracts were signed there,” Medvedev said at a meeting with Russian vice-premiers.

The Russian prime minister said at the same time that the issues discussed at the forum were the most important thing rather than the number and the sums of contracts signed at the investment conference.

The forum focused on the discussion of the government’s regional policy in the current conditions and the investment environment in Russian regions, the premier said. “The dialogue was very intense and involved the participation of government members, governors, experts and business representatives,” the Russian premier said.

The Sochi investment forum offered its participants an opportunity to speak about attracting additional investment in current conditions to Russian regions, the premier said. “Proposals were made on taxes, tariffs and infrastructure, including measures to support entrepreneurial activity,” Medvedev said.

Russia needs to raise the competitiveness of its economy, strengthen the domestic market and replace imports with its own output, the premier said.

Russia was taking measures for import substitution before but “now this policy has to be continued”, Medvedev said, especially considering that a whole range of goods have been barred from the domestic market as Russia’s response to Western sanctions, the premier said.

Austin, on behalf of Itar Tass, please change the title. Or make one less exaggerated (i know, you didnt make that title but I hate media hype). In the article it clearly states outflow may range from $90 - $120B not exactly $120B.

But what this does tell me is that these monetarists in Russia has no idea what they are doing or even whats going on. A $30B difference in their speculation clearly shows that.

World economy is screwed. Investers all over are withdrawing funds. UK already lost over $200B from outflow.

Whats funny though, is if you search for it, they all come up with Russian outflow, crying wolf. But they are trying their best to hide their own issues it seems. Only 1 article I could find of UK capital outflow (which is worst than Russia's by a huge margine). http://uk.mobile.reuters.com/article/idUKKBN0H71IV20140912?irpc=932

You would think more places would have posted this but no. I know India has a very high capital outflow since its damaging the Rupee, but they dont state what it is. Cannot even find an article about US capital outflow either.

So either Russia is more open/democratic about its statistics system than others, or english media is all riding the Russia doomed train and trying to hide the fact they are in worst condition than Russia.

Now going to another rant.

Regarding capital outflow:

The outflow also adds in Russian investments abroad. Russia has ridculous investments abroad and I am thinking they need to investigate these investments. They should start telling their own people to invest in their own country or friendly countries or face the issues of sanctions and no bailout. VTB bank is all crying cause they are losing hundreds of millions in its investments in Ukraine. Well, screw them. Bet the owner of VTB is one of those fifth columnists cause he is vocal about his losses.

Too many Russians seem to be either dumb or are just waiting for the opportunity to flee with money because they still are investing in US companies even though US has a history of freezing assets of people in a sanctioned country. Yet Russians still throwing money at them. Either highly gullible/dumb or are just gonna pull a trick to run away with the cash. So this is why Russians themselves should never look up to/admire or defend these people. Cause these people are helping in screwing their country

/rant

Nice

Medvedev: Investment Forum in Sochi contracts for 600 billion rubles

In your face Carl Bildt

IKEA Plans $2.5Bln Expansion Across Russia

http://www.themoscowtimes.com/business/article/ikea-plans-2-5bln-expansion-across-russia/507557.html