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    Russian Economy General News: #3

    Viktor
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    Post  Viktor Sat Jan 10, 2015 11:42 pm

    Russia GDP just got BIGGER by 1.8833% in 2014 according to IMF  Laughing  Laughing  russia  russia  thumbsup

    LINK
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    Post  Kyo Sun Jan 11, 2015 12:20 am

    kvs wrote:
    Vann7 wrote:Didn't Fitch so called "rating agency" was giving excelent ratings to the american ENRON energy company..
    and others Banks.. and later they went bankrupt overnight..?  

    This is why i like so much the western anglo-jewish financial industry.. is full of SHIT and disinformation and
    they attack any nation not in line with American GLobal agendas.

    The US GDP is a fiction.  Supposedly 50% of it is finance "industry" out of 70% which is services.   WTF is the finance "industry"?
    Industry produces tangible goods.   Shuffling money back and forth is an empty process that adds nothing to the economy,
    yet it is being counted as a big contribution.   The GDP accounting is full of voodoo which makes the final sum tunable to any
    level desired.   For example, foreign borrowing is considered as a plus for the GDP even though the loan plus interest
    must be paid off.   Clearly foreign borrowing should be counted as a net negative even if the borrowed money produces economic
    gain.  That economic gain is counted as a positive already.


    Some data about the US economy.

    http://sputniknews.com/columnists/20141227/1016303725.html
    sepheronx
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    Post  sepheronx Sun Jan 11, 2015 1:48 am

    kvs wrote:
    Vann7 wrote:Didn't Fitch so called "rating agency" was giving excelent ratings to the american ENRON energy company..
    and others Banks.. and later they went bankrupt overnight..?  

    This is why i like so much the western anglo-jewish financial industry.. is full of SHIT and disinformation and
    they attack any nation not in line with American GLobal agendas.

    The US GDP is a fiction.  Supposedly 50% of it is finance "industry" out of 70% which is services.   WTF is the finance "industry"?
    Industry produces tangible goods.   Shuffling money back and forth is an empty process that adds nothing to the economy,
    yet it is being counted as a big contribution.   The GDP accounting is full of voodoo which makes the final sum tunable to any
    level desired.   For example, foreign borrowing is considered as a plus for the GDP even though the loan plus interest
    must be paid off.   Clearly foreign borrowing should be counted as a net negative even if the borrowed money produces economic
    gain.  That economic gain is counted as a positive already.


    Funny that the money coming in as loans is counted as GDP growth but when it is payed off, it is counted as Capital flight.
    kvs
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    Post  kvs Sun Jan 11, 2015 3:01 am

    http://orientalreview.org/2014/09/29/massive-new-debt-hides-years-of-negative-gdp-growth-in-eu-and-usa/

    Using debt to produce fake growth. Things are ugly and will get worse.
    medo
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    Post  medo Sun Jan 11, 2015 11:10 am

    Kyo wrote:
    kvs wrote:
    Vann7 wrote:Didn't Fitch so called "rating agency" was giving excelent ratings to the american ENRON energy company..
    and others Banks.. and later they went bankrupt overnight..?  

    This is why i like so much the western anglo-jewish financial industry.. is full of SHIT and disinformation and
    they attack any nation not in line with American GLobal agendas.

    The US GDP is a fiction.  Supposedly 50% of it is finance "industry" out of 70% which is services.   WTF is the finance "industry"?
    Industry produces tangible goods.   Shuffling money back and forth is an empty process that adds nothing to the economy,
    yet it is being counted as a big contribution.   The GDP accounting is full of voodoo which makes the final sum tunable to any
    level desired.   For example, foreign borrowing is considered as a plus for the GDP even though the loan plus interest
    must be paid off.   Clearly foreign borrowing should be counted as a net negative even if the borrowed money produces economic
    gain.  That economic gain is counted as a positive already.


    Some data about the US economy.

    http://sputniknews.com/columnists/20141227/1016303725.html

    You must not forget, that in 2014 US and EU include criminal activity in GDP like drugs, weapons, prostitution, etc. Prior this was not included in GDP. This phantom GDP growth in US could only show, how big part of US GDP is in criminal activity. Obama need more criminals for better GDP statistics.
    sepheronx
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    Post  sepheronx Sun Jan 11, 2015 3:40 pm

    medo wrote:
    Kyo wrote:
    kvs wrote:
    Vann7 wrote:Didn't Fitch so called "rating agency" was giving excelent ratings to the american ENRON energy company..
    and others Banks.. and later they went bankrupt overnight..?  

    This is why i like so much the western anglo-jewish financial industry.. is full of SHIT and disinformation and
    they attack any nation not in line with American GLobal agendas.

    The US GDP is a fiction.  Supposedly 50% of it is finance "industry" out of 70% which is services.   WTF is the finance "industry"?
    Industry produces tangible goods.   Shuffling money back and forth is an empty process that adds nothing to the economy,
    yet it is being counted as a big contribution.   The GDP accounting is full of voodoo which makes the final sum tunable to any
    level desired.   For example, foreign borrowing is considered as a plus for the GDP even though the loan plus interest
    must be paid off.   Clearly foreign borrowing should be counted as a net negative even if the borrowed money produces economic
    gain.  That economic gain is counted as a positive already.


    Some data about the US economy.

    http://sputniknews.com/columnists/20141227/1016303725.html

    You must not forget, that in 2014 US and EU include criminal activity in GDP like drugs, weapons, prostitution, etc. Prior this was not included in GDP. This phantom GDP growth in US could only show, how big part of US GDP is in criminal activity. Obama need more criminals for better GDP statistics.

    I dont know if US did that, but UK and Italy were confirmed to doing that. US added medicare costs, undetermind loss of about $1T from the books (so it was automatically assumed $1T was spent on US goods in US market) and defense spending (makes some sense but not entirely) into GDP growth figures. Other is government has been caught (I believe confirmed) in manipulating stock and bond market by purchasing (FED) of stocks in S&P 500 and Japanese bonds/stocks after recent QE for both Japan and US (Japan buy stock and bonds from their own and US market after QE)
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    Post  Vann7 Sun Jan 11, 2015 6:12 pm



    a little of topic..
    Information i saw recently.. was that aircraft French carrier Charles de Gaulle was heading towards Middle east..
    days earlier ,the shootings in France began by muslins. Wink


    SO by "coincidence" France knew before hand.. their aircraft carrier will be need to see action in that zone.
    IT could be a new nofly zone 2.0 in Syria with the pretext to "fight ISIS".
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    Post  par far Mon Jan 12, 2015 12:31 am

    Vann7 wrote:

    a little of topic..
    Information i saw recently.. was that aircraft French carrier Charles de Gaulle was heading towards Middle east..
    days earlier ,the shootings in France began by muslins.  Wink


    SO by "coincidence" France knew before hand.. their aircraft carrier will be need to see action in that zone.
    IT could be a new nofly zone 2.0 in Syria with the pretext to "fight ISIS".


    I don't think President Putin would let a no fly zone happen in Syria.
    ExBeobachter1987
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    Post  ExBeobachter1987 Mon Jan 12, 2015 12:25 pm

    flamming_python wrote:I'll also say that Russia can hit back at the West hard through the Ukraine. Make them pay through the ass for this ruin of an economy.

    A German official recently called on Russia not to call in the Ukraine's debts, which the British FM found a little weird given that Germany is among the nations sanctioning Russia.
    But really it just goes to highlight just how much of a crappy Germany has been put in, forced to pay the Ukraine's bills.

    - Russia should call in all debts. Naturally. Every single one. Immediately and all at the same time.
    - It should dump all the toxic Ukrainian bonds that it has; even if it looses money, the main thing is that the Ukraine (and through them - the West) looses more and the Ukrainian economy and government is clearly not headed to a better place; so dumping bonds now would be prudent.
    - Increase import restrictions on a larger variety of goods; notably, any Ukrainian company involved in Ukrainian MoD orders (however pathetic they may be); should be sanctioned and not allowed to business with Russian companies.. although this may have to wait for a while until Russia can substitute all critical Ukrainian military imports. However the preliminary stages should be launched now.
    - It should play some games with the Ukrainian currency & stocks too - but only if it stands to gain some money itself through the speculation.
    - Refuse to sell them coal. Let them buy coal from the rebels instead. But this may have to wait again, until import substitution of military goods is completed.
    - Offer all Ukrainian qualified workers at defence & high-tech companies endangered by the ruling retards - work as specialists in Russia.
    - Speaking of import substituion for Ukrainian goods - speed it the hell up. We can hardly tie the noose any tighter while they're holding our balls in a bear trap.
    - Ban all Ukrainian ruling party, all Maidanists, all members of the even more nationalist 'opposition parties', all participants in unconstitutional military action in the Donbass - from Russia. Freeze any accounts and assets they may have in Russian banks, or in Russian soil. Require all Russian companies/enterprises having dealings with any such persons - to cut their business ties with them. Any products produced by any businesses owned by any of these individuals, or any services offered by such companies - must be banned from Russian territory.

    Replacing strategic imports from Ukraine is not the only issue.
    Kiev has leverage on Russia through the control of most of Crimea's energy supply.
    Russia can't afford a full-scale economic war against Maidanist Ukraine as long as both problems are not solved.
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    Post  sepheronx Mon Jan 12, 2015 3:37 pm

    ExBeobachter1987 wrote:
    flamming_python wrote:I'll also say that Russia can hit back at the West hard through the Ukraine. Make them pay through the ass for this ruin of an economy.

    A German official recently called on Russia not to call in the Ukraine's debts, which the British FM found a little weird given that Germany is among the nations sanctioning Russia.
    But really it just goes to highlight just how much of a crappy Germany has been put in, forced to pay the Ukraine's bills.

    - Russia should call in all debts. Naturally. Every single one. Immediately and all at the same time.
    - It should dump all the toxic Ukrainian bonds that it has; even if it looses money, the main thing is that the Ukraine (and through them - the West) looses more and the Ukrainian economy and government is clearly not headed to a better place; so dumping bonds now would be prudent.
    - Increase import restrictions on a larger variety of goods; notably, any Ukrainian company involved in Ukrainian MoD orders (however pathetic they may be); should be sanctioned and not allowed to business with Russian companies.. although this may have to wait for a while until Russia can substitute all critical Ukrainian military imports. However the preliminary stages should be launched now.
    - It should play some games with the Ukrainian currency & stocks too - but only if it stands to gain some money itself through the speculation.
    - Refuse to sell them coal. Let them buy coal from the rebels instead. But this may have to wait again, until import substitution of military goods is completed.
    - Offer all Ukrainian qualified workers at defence & high-tech companies endangered by the ruling retards - work as specialists in Russia.
    - Speaking of import substituion for Ukrainian goods - speed it the hell up. We can hardly tie the noose any tighter while they're holding our balls in a bear trap.
    - Ban all Ukrainian ruling party, all Maidanists, all members of the even more nationalist 'opposition parties', all participants in unconstitutional military action in the Donbass - from Russia. Freeze any accounts and assets they may have in Russian banks, or in Russian soil. Require all Russian companies/enterprises having dealings with any such persons - to cut their business ties with them. Any products produced by any businesses owned by any of these individuals, or any services offered by such companies - must be banned from Russian territory.

    Replacing strategic imports from Ukraine is not the only issue.
    Kiev has leverage on Russia through the control of most of Crimea's energy supply.
    Russia can't afford a full-scale economic war against Maidanist Ukraine as long as both problems are not solved.

    The electrical supply can be a problem, but I imagine running lines to Crimea from Rostov for some basic electricity shouldn't take that long or be a problem. What will though is sustaining that. They will need a bridge over the kerch straight as soon as possible and they been talking about that in Crimea like crazy. I suppose the next thing is also to build some sort of electrical generating stations in Crimea. There is uchan SU waterfall in Crimean mountains close to Yalta and should be a good place to put a small hydroelectric dam to help power Yalta itself for example. As well, since the slopes of the mountains don't seem too steep, possibly wind turbines may be a good build too.
    sepheronx
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    Post  sepheronx Mon Jan 12, 2015 5:49 pm

    US fast-food chain Carl's Jr. closes restaurants in Russia

    Boo hoo hoo. Garbage food leaving country.

    Funny thing is, they operate in countries like Mexico whom are poorer. What is really kicking these people is that their profits in dollar (USD) amount has dropped due to devaluation of Ruble. But they will end up losing the sector anyway, which Rusburger seems to be eating up (they are expanding pretty fast for a new company). This may make rise to newer, smaller, fast food joints.
    OminousSpudd
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    Post  OminousSpudd Mon Jan 12, 2015 10:30 pm

    sepheronx wrote:US fast-food chain Carl's Jr. closes restaurants in Russia

    Boo hoo hoo.  Garbage food leaving country.

    Funny thing is, they operate in countries like Mexico whom are poorer.  What is really kicking these people is that their profits in dollar (USD) amount has dropped due to devaluation of Ruble.  But they will end up losing the sector anyway, which Rusburger seems to be eating up (they are expanding pretty fast for a new company).  This may make rise to newer, smaller, fast food joints.

    "newer, smaller, RUSSIAN, fast food joints."

    Fixed it for you. Very Happy
    magnumcromagnon
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    Post  magnumcromagnon Mon Jan 12, 2015 11:10 pm

    sepheronx wrote:US fast-food chain Carl's Jr. closes restaurants in Russia

    Boo hoo hoo.  Garbage food leaving country.

    Funny thing is, they operate in countries like Mexico whom are poorer.  What is really kicking these people is that their profits in dollar (USD) amount has dropped due to devaluation of Ruble.  But they will end up losing the sector anyway, which Rusburger seems to be eating up (they are expanding pretty fast for a new company).  This may make rise to newer, smaller, fast food joints.

    Gosh forbid Russian lips never grace their legendary pink slime burgers.Rolling Eyes I think the average Russian life epectancy grew by 10 years... lol1
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    Post  sepheronx Tue Jan 13, 2015 12:08 am

    CBR was saying that key interest rates may stay high for a while since inflation is up. Russian gov either needs to intervene in CB or provide their own loan system. Maybe set up a gov controlled bank and hand out loans at their own rates to small and medium businesses.
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    Post  Vann7 Tue Jan 13, 2015 5:50 am

    WOW ..This is a very  interesting program.. about what lies ahead on world economy..
    is done by a forum of former US politicians with knowledge of economy and world politics.
    The funder i think was candidate for US presidency at one time.. i like their format how well presented
    is their information..  They have been warning for years already since the Arab spring began of the Rise
    of islamic extremism  with US government sponsoring of them. They are pro US constitution ,and the return
    of Americans freedoms and to take their nation control again from the anglozionist elite and US military industry.

    In This program ,they claim US economy will implode and that the detonator will be
    the low oil prices.. and other things that they are estimating will happen and they explain the reasons
    why based on their investigations and research. They are saying that US economy trick.. how they manage
    the nation to not go bankrupt and hide their artificial economy..is through creating world wars..   Shocked
    and later use it to their economic advantage.  US is a War based economy and they are now trying to provoke
    another world war ,before their artificial economy bubble implodes..

    very good conference that everyone who likes to know about world economy should see.




    If what they claim is accurate.. then that will explain why so many Americans politicians sell their souls to
    the International Jewish banking mafia.. and promote violence and wars around the world.. If the economy bubble implodes , US will go bankrupt overnight and the nation will divide and civil wars and riots will start in every place.
    IF people remembers well.. when the US navy plans to Attack Syria failed , and obama accepted Russia plan to remove Syria chemical weapons.. for a strange reasons the federal government was shut down for a week.. They were planning to start a expensive war against Syria ,even when they had no money to keep government open?
    weird indeed. there is a direct relation between US military conflicts and their economy. They need wars to keep going their economy ,in every new administration for their economy bubble not collapse.



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    Post  George1 Tue Jan 13, 2015 4:07 pm

    Russia charts substitution route to end NATO-country imports


    Last edited by George1 on Wed Oct 28, 2015 1:46 pm; edited 1 time in total
    Viktor
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    Post  Viktor Tue Jan 13, 2015 6:43 pm

    Nice thumbsup

    Russia's Reserve Fund Grew by 72.9%, National Welfare Fund by 51.3% in 2014

    Latin America, BRICS Should Have Their Own Rating Agencies: Economist

    First Ratings by Russian-Chinese Agency to Be Released in 2015

    Imports to Russia from abroad in 2014 decreased by 8.2%

    Russia for 11 months has increased fish exports to $ 3.3 billion

    Ukraine since early January imported from Russia about 70 thousand tons of coal

    Russia for 11 months of 2014 reduced the import of meat by 20%

    Offshore companies forbidden to hold public procurement
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    Post  par far Tue Jan 13, 2015 10:38 pm

    Vann7 wrote:WOW ..This is a very  interesting program.. about what lies ahead on world economy..
    is done by a forum of former US politicians with knowledge of economy and world politics.
    The funder i think was candidate for US presidency at one time.. i like their format how well presented
    is their information..  They have been warning for years already since the Arab spring began of the Rise
    of islamic extremism  with US government sponsoring of them. They are pro US constitution ,and the return
    of Americans freedoms and to take their nation control again from the anglozionist elite and US military industry.

    In This program ,they claim US economy will implode and that the detonator will be
    the low oil prices.. and other things that they are estimating will happen and they explain the reasons
    why based on their investigations and research. They are saying that US economy trick.. how they manage
    the nation to not go bankrupt and hide their artificial economy..is through creating world wars..   Shocked
    and later use it to their economic advantage.  US is a War based economy and they are now trying to provoke
    another world war ,before their artificial economy bubble implodes..

    very good conference that everyone who likes to know about world economy should see.




    If what they claim is accurate.. then that will explain why so many Americans politicians sell their souls to
    the International Jewish banking mafia.. and promote violence and wars around the world.. If the economy bubble implodes , US will go bankrupt overnight and the nation will divide and civil wars and riots will start in every place.  
    IF people remembers well.. when the US navy plans to Attack Syria failed , and obama accepted Russia plan to remove Syria chemical weapons.. for a strange reasons the federal government was shut down for a week.. They were planning to start a expensive war against Syria ,even when they had no money to keep government open?
    weird indeed. there is a direct relation between US military conflicts and their economy. They need wars to keep going their economy ,in every new administration for their economy bubble not collapse.






    This is no surpise, the US economy has been war based for the last 30 years(if you look at US history they have been at war one way or another, from civil war to Cold War to present).

    Can/should Russia head that way? I mean Russia does export a lot weaponry, it could be good for the Russian economy.
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    Post  sepheronx Tue Jan 13, 2015 11:15 pm

    No. Heck no. Why would Russia want to lead in anything? Why would any country? They do their own thing and that is that. If anyone could, would be China, because of population mixed with the all the goods they produce for the world market.

    Russia has a chance to be their own producer/developers, and do things their own methods. Work with those who are willing to work with them, without losing their own interests.
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    Post  Vann7 Wed Jan 14, 2015 12:30 am

    par far wrote:

    This is no surpise, the US economy has been war based for the last 30 years(if you look at US history they have been at war one way or another, from civil war to Cold War to present).

    Can/should Russia head that way? I mean Russia does export a lot weaponry, it could be good for the Russian economy.


    And that is not even hide by US Presidents.. in a meeting in 2005 in Argentina , George Bush Jr.. Told Ernesto
    Kichner the ARgentinian president in that time on his face that,that ...

    Listen by yourself.. what the president neutral president of argentina (neither left or right) in 2005 told to Oliver stone in an interview.. he told that bush told him..

     " All United States economic growth have been done thanks to wars"....George W Bush.

    I bet TR1's that love so much his "democracy and freedom" loving nation USA will now promote PUTIN to to do the same.. in RUssia. TO boost their economy provoking wars in nations. and invading as bush did in third world nations killing millions. or perhaps do the same as moderate Obama.. that instead of invading with their own armies they recruit hundreds of thousands alqaeda fighters to do the job by proxy?  

    and that it was the reason for the grown Of US economy according to Bush and that he was trying to convince them Latin America to accept their policy.  And this is how US artificial economy works.. by creating wars ,that either they can easily win or that they will not be in the front line and can choose when to enter if there is a need or not to enter if there is a risk for them to be wiped.. And this is why Americans were the biggest winners in war world 2.. the only nation not invaded and they only enter in europe when NAZIS were defeated already in the eastern front and were in retreat to germany..  later they take the credit for the winning the war in holywood and their propaganda media..

     

    So basically TR1's lovely "freedom nation" USA ,strategy is to provoke a full scale war in Europe between Russia and their Closer neighbors ie. .Ukraine ,Poland and baltic States.. and use the conflict (that they created) to sabotage Russia economy and to sabotage all Russian business with their European colonies and completely isolate them from the west. Later use the destroyed economy and more divided society for the wars ,for more easily finance unrest in the nation.  This is how they manipulate entire nations.. they sabotage their economy... but making it look as if was direct result of their own actions..  in the case of Russia.. they justify their sabotage to Russian economy by blocking their european allies business.. based on "Russian agression" to Crimea. When in reality just like more independent european nations told.. it was USA who provoked the civil war in Ukraine and the violence with their financed coup and not Russia.. and RUssia role was merely to defend their nation security and protect Crimeans for being burned alive as happened in Odessa for their support to Russia.  after Criminals took control through violence of kiev.

    So all said.. this means that all Russia needs to do ,to completely defeat and Crush USA is to block any attempt of
    NATO to start a war , and exercise maximum restrain when Russia is provoked into a fight. And that if they need to help military an ally to defend civilians lives ,to do it better covertly.. so that it doesn't affect foreign investors perception of Russia and their economy.
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    Post  AbsoluteZero Wed Jan 14, 2015 2:31 am


    US dollar tops 65 rubles on Moscow Exchange as oil price drops

    http://itar-tass.com/en/economy/770881

    Also there are reports that RF economy will contract by a around 3-4% in 2015, though this is not as bad as the contraction in 2009, it is still a setback for the whole economy, thanks to the ongoing economic war and sabotage being waged against RF. I really wished they did more to stir the economy away from its dependence on oil prices since the last economic crisis, but i guess its a long process that takes some time to fully achieve. Also, Russia started trade with China and some other countries using their own currencies, I hope this will help the rouble in some way or another.
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    Post  Vann7 Wed Jan 14, 2015 2:40 am

    In others news.. TR1 lovely FInance minister the 5th column Alexei Kudrin
    is throwing more jabs at Putin ,falled short of calling him ignorant  for Not Cooperating with USA .. can anyone explain why that bastard have not been put in Jail and shot in the head?

    http://rbth.com/business/2015/01/13/kudrin_russias_economy_not_up_to_modern_challenges_42841.html

    The bastard is now officially a new political western activist.. and leads an NGO.. called "Civil Initiatives Committee"
    to try to "influence" the government..  anyone knows if that bastard NGO group have been declared foreign agent
    yet?

    Basically he says that RUssia needs to cooperate with USA.. and submit to them... You will not believe what the
    bastard told.. he suggested Russia to give up CRIMEA.. so the west lower his sanctions. Because otherwise the sanctions will continue.. he also again shows as example other BRICS nations ,how they do not have any sanctions..
    Im sure that monkey will not debate with anyone his arguments ,that are laughable. As if any of those other nations he mentions was any threat to USA world leadership and NATO expansion and an obstacle for USA global agendas.

    I wish someone kill that bastard..really makes me angry charlatans , who sell the lives of millions for for his personal fame and money he should have been offered.  

    The motherfucker thinks that all will be peace as soon Russia give up Crimea and eastern ukraine..and US and NATO will just pack their suitcases and military hardware and stop militarizing Russian borders.. Im sure the Imbecile is aware that NATO was expanding towards Russian borders threatening their nation security much before there was any conflict in Ukraine. Someone kill the bastard already.. he should be torched alive in front of moscow ,with navalny and so they experience the same fate of how the pro Russian protesters died in odessa. pirat

    But before that they should receive for a whole week electroshocks in the ass for his treason. Im sure we will hear more from that bastard.. Is amazing how can that human trash be the Finance minister of Putin at some point.

    Interestingly kudrin came to power through Yeltsin who was a western puppet.. and western media praise him a lot.
    and oddly enough the bastard was asked to resign not by Putin but by Medvendev.   Neutral  , it seems his full betrayal to Russia began at that period that medvedev was in power.

    Here is a huge but old list of the amount of western financed NGOS operating in Russia..
    at least 80 groups have declared to be Foreign Agents by the Russian laws..

    http://civicsolidarity.org/article/676/russia-list-ngos-named-foreign-agents-updated-20-september

    That should be around 10,000 to 30,000 USAmaidans trolls living in Russia..

    I will not be surprised not even remotely if this forum have been infiltrated by western NGOs.. too.
    to promote the freedom and democracy and "human rights" bullshit you always hear in the west.


    Last edited by Vann7 on Wed Jan 14, 2015 3:37 am; edited 3 times in total
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    Vann7


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    Russian Economy General News: #3 - Page 29 Empty Re: Russian Economy General News: #3

    Post  Vann7 Wed Jan 14, 2015 3:10 am

    AbsoluteZero wrote:
    US dollar tops 65 rubles on Moscow Exchange as oil price drops

    http://itar-tass.com/en/economy/770881

    Also there are reports that RF economy will contract by a around 3-4% in 2015, though this is not as bad as the contraction in 2009, it is still a setback for the whole economy, thanks to the ongoing economic war and sabotage being waged against RF. I really wished they did more to stir the economy away from its dependence on oil prices since the last economic crisis, but i guess its a long process that takes some time to fully achieve. Also, Russia started trade with China and some other countries using their own currencies, I hope this will help the rouble in some way or another.


    I don't think the problem is oil "dependence"  , since someone already said Russia economy only 17% to 18% depend on Energy.. Is much more than that.. is Direct attacks on the RUble by the west.. Blackmailing anyone  in the west who have rubles and business in Russia to leave the country.  I think the problem is Russia dependence on Europe more than anything.. Instead of Russia building pipelines to CHina now..they should have done that a decade before , that is diversifying its economy from Europe and having more economy with Asia emerging markets. There is a Huge market in Asia not taken advantage.. because most of Asia are undeveloped nations.. Russia should have worked to help All Asian nations become more modern nations.. so the more developed they are the more energy they will consume and the more RUssia will sell . Had Russia had a strong energy business with Asia..and better trade with Latin america too.. none of this European sanctions will matter. Because they will have depended very little of western investments.  Also Russia could have invested more in their own technology.. industry.. Is absolutely no reason why Russia needs to buy millions of americans PCs or buy products from apple or cars when they can build their own.

    for comparisons.. i heard comments on countries like Nigeria for example.. that depends MORE
    on oil sales than Russia and their currency have not depreciated as much. Is a direct attack on the RUble what happens..currency war.. and blackmailing on western US and European investors to leave Russia.
    kvs
    kvs


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    Russian Economy General News: #3 - Page 29 Empty Re: Russian Economy General News: #3

    Post  kvs Wed Jan 14, 2015 4:04 am

    AbsoluteZero wrote:
    US dollar tops 65 rubles on Moscow Exchange as oil price drops

    http://itar-tass.com/en/economy/770881

    Also there are reports that RF economy will contract by a around 3-4% in 2015, though this is not as bad as the contraction in 2009, it is still a setback for the whole economy, thanks to the ongoing economic war and sabotage being waged against RF. I really wished they did more to stir the economy away from its dependence on oil prices since the last economic crisis, but i guess its a long process that takes some time to fully achieve. Also, Russia started trade with China and some other countries using their own currencies, I hope this will help the rouble in some way or another.

    The forex market is composed of idiots and malicious participants. They actually push the line that Russia depends on oil like Saudi Arabia. But these morons are doing Russia a favour by offsetting the oil price decline in dollars so that its price in rubles is not falling. This results in import substitution in Russia since its economy is sufficiently diversified and most prices are determined by domestic market forces.

    I do not buy the 4% decline in 2015. After listening to ludicrous forecasts of 7% in GDP drop for Ukraine in 2014 I can't take any of this
    crap seriously. I think a reasonable decline for Russia is 0.4% and there may actually be growth depending on how fast the import
    substitution occurs. Russia is supposed to replace most of its military component imports from Ukraine in 2015. It is already ramping up
    substitution of imported food products such as meat.
    GarryB
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    Post  GarryB Wed Jan 14, 2015 4:59 am

    No, Russia should not promote wars to sell weapons.

    Russia should sell weapons to countries so they can defend themselves and build up their economies and become wealthy so they can trade in other commodities.

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