Russian Economy General News: #9

Singular_Transform wrote:
It works by the opposite way.
The US maintained its dominance over the world trade by maintaining the biggest navy in the wolrd, and be capable to close/open trade routes anywhere.

The US external debt has to considered in the context, anyone willing to lend money and use the US dollar BECAUSE they can pay it back, and they can keep the flow of dollar dominated trade open. Now, the Iranian debt not worth as much as the US , considering the US can block the Iranian payment by goods over sea.

As soon as Russia, India, Iran,China , Brazil posses big enough Navy to block the local activity of the US the dollar as trade currency will dismiss, and the current global trade will collapse.

GunshipDemocracy wrote:

and how they build this navy whiteout money?! without industry? well first you need to have strong industry and "critical mass" , luxembour or Switzeralns althoug rich cannot be worlds hegeomons.

GunshipDemocracy wrote:
it is much dimpleed: oli is only traded in USD. Most of govts are forced to buy T-bonds. Saddam an d Qaddafi tried not to... if you trade in $ you need bank accounts in Us banks. You need SWIFT.
Well as long  

GunshipDemocracy wrote:
Brazil is out of picture here. They are by 2 orders of magnitude below US, china or Russia in military power. India now is more like "Crouching Tiger". Things boils down to Russia and China. Why do you need fleet in case of Russia? to trade with Asia? or Europe? did you ever look at map? :D:D Fleet is not only to protect near sea zones. Then economy boost and switching also gradually to ( I presume) Chinese based economy center. Any sudden movements are not bad to economy.  


BTW IMHO Most of people wanting Russia reject dollars and be rich have hardly  contact with real life economics
Africa meaning os growing but still first things first: make

Hole wrote:Navy got nothing to do with reserve currency status of Amiland.

Ever heard of the Petro-Dollar?

Germany, Japan, Italy, France, Pakistan, Paraguay, Marokko - all countries must hold Dollars to be able to buy oil from OPEC countries. This made it possibly for Amiland to print ore and more money.

Their big navy is a inheritance of WWII.

Hole wrote:You mean every tanker is guarded by a ami ship? How come so many were taken over by somali pirates?

England became rich because of slaves and ressources from its colonies. This times are gone.
Amiland can maintain this insance levels of debt because of the petro-dollar and the dismissing of the gold standard.


The fiat currency numbers from one bank to another are not send by sea either. No need for ships to guard them.

If a country like Germany or Japan would decide to buy its oil from Iran in Euro or Ruble, the Dollar would be finished in a few years.

miketheterrible wrote:

ZoA wrote:

miketheterrible wrote:

You're one to talk..........

I did not see you contribute anything meaningful. Vacuous comments from peanut gallery are useless.

Much more than your whining, lying ass.  All you contributed to this is - Putin is DUmb hur durrr. Russian economy is dying, hurrrrr.  Thanks Libtards.

Go do something else with your life, cause this isn't working for you.  Let us just talk news rather than hearing your diatribe.  Unlike you, we actually provided NEWS and talked about it, rather than hearing you cry the same shit every time.  Yeah, you hate Putin and the CBR and what not.  We get it.  Now fuck off.

Thanks.

Singular_Transform wrote:

Hole wrote:You mean every tanker is guarded by a ami ship? How come so many were taken over by somali pirates?

England became rich because of slaves and ressources from its colonies. This times are gone.
Amiland can maintain this insance levels of debt because of the petro-dollar and the dismissing of the gold standard.


The fiat currency numbers from one bank to another are not send by sea either. No need for ships to guard them.

If a country like Germany or Japan would decide to buy its oil from Iran in Euro or Ruble, the Dollar would be finished in a few years.

The No.1 oile exporter is Russia.
So, by your logic, Russia making the USA great.And Russia choose to accept payments for its oil in dollars, and to accumulate dollar assets.

Singular_Transform wrote:This is the reason why I said the USA economical size compared to the world economy is the main reason of the failing military power. Up to 2000 the USA/WEU WAS the global economy (with same Japanese influence)

the CCCP/China/Europe spent best part of the 20th century to recover from war devastation. The US meantime pumped out as many weapons it can, with the preserved economical capacity.

GunshipDemocracy wrote:
You can pay for oil by anyting that you want. The question is the willingness of the seller to accept the given currency.
Say, would be happy Russia to accept for the oil / gas shipment instead of 200 billion $ or Euro say 1000 billion Polish zloty, or say 10000 billion indian roupie ?

GunshipDemocracy wrote:
It is not a matter of global dominance, rather than only local clamp down.
As soon as the USA can't control critical points of the shipping lanes its influence waning .

Hole wrote:
In 2008 they realised the problem of just going along with the Dollar system. But change takes time if you don´t want to hurt yourself to much.

The book has been criticized for promoting antisemitic conspiracy theories.[22] The book says that Jews have been conspiring to covertly influence historical events ranging from the Battle of Waterloo to the assassination of John F. Kennedy, with the intention of increasing their wealth and influence.[23]

Singular_Transform wrote:

The No.1 oile exporter is Russia.
So, by your logic, Russia making the USA great.And Russia choose to accept payments for its oil in dollars, and to accumulate dollar assets.

KomissarBojanchev wrote:
And yet all of you still cant justify the why Putin made his cabinet consist of neoliberal scum whose ideas caused the hell of the 90s, instead of comptenent economists who actually want improve the lives of the Russian people, and are found in large numbers. You haven't disproven that raising the retirment age is a traitorous disgusting policy towards the Russian people who are under enough economic burden as of now. You haven't disproven the retardation of not having an income tax, but instead a shitty bourgeois flat tax that sucks the working and middle class dry while letting the parasitic oligarchs live in luxury.  

If Putin still keeps Medvedev, Mutko, and Kudrin, he's domestically incompetent.

Hole wrote:There was not much Russia or China could do before 2008. The whole global system was set up in this way. Bretton Woods. Marshall plan. World bank. IMF. The creation of tax heavens.

The icing on the cake was the breaking up of the Gold standard.

Austin wrote:So what happens when US sanctions all these EU companies on Nord Stream-2 , Will they be forced to stop working on this project ? What can Germany do that , Seems Sanctions can stop the project for good ? Is this true ?

Austin wrote:So what happens when US sanctions all these EU companies on Nord Stream-2 , Will they be forced to stop working on this project ? What can Germany do that , Seems Sanctions can stop the project for good ? Is this true ?

Hole wrote:They even want to pay for this "friendship".

kvs wrote: Any attempt to coerce
Russia to ship via PukeKraine is transparent aggression and basis for "force majeur" on all contracts.

Hannibal Barca wrote:
This is escalating real quick. In the last week the orange moron and his cronies managed to bad mouth:

...
It should be noted that under existing Russian laws and regulations, the Russian President and Russian Government may impose sanctions on foreign persons at any time. Indeed, the President has exercised this right several times over the last few years (e.g. in 2014 following the first round of sanctions when the Russian Government imposed food bans on imports from countries that had imposed sanctions on Russia, the various sanctions that were introduced against Turkey after the Turkish military shot down a Russian plane, etc.). This fact was also highlighted by Mr. Andrey Klishas, Chairman of the Federation Council’s Constitutional and State Construction Committee when addressing the draft, who reportedly stated that he believed the draft law to be unnecessary since the Russian authorities already have the authority to retaliate against western sanctions. Given the foregoing, the Counter-Sanctions Law appears to be more of a political statement/reaction to the sanctions as opposed to a new set of rules providing additional authority to the President and Russian Government to retaliate against the imposition of western sanctions. 

...

In addition to the Counter-Sanctions Law, the Duma also adopted in its first reading a separate draft law on May 15, 2018, which introduces criminal liability for compliance with or contribution to sanctions from the U.S. or other countries (the “Criminal Liability Draft Law”). Under current Russian law, criminal liability may only be imposed on individuals. 

The second reading of the Criminal Liability Draft Law has not been scheduled yet and the consideration of this draft law is subject to further discussions and analysis.
...
Recent press indicates that if the Criminal Liability Draft Law is split into two separate draft laws (an administrative draft law for compliance with sanctions and a criminal draft law for contributing to western sanctions), the criminal draft law may be adopted by the middle of July, while the administrative draft law will need to be introduced to the Duma and may be adopted before autumn 2018.

The protests target corruption and a proposed tax bill that protesters say will reduce living standards in a country with double digit unemployment, 21 percent of the population living below the poverty line, and finances and services burdened by the influx of more than 2 million refugees, including 600,000 plus Syrians.

The bill would raise taxes on employees by at least five percent and on companies by between 20 and 40 percent in line with the terms of a three-year $723 million dollar loan from the International Monetary Fund (IMF) that Jordan secured in 2016.

Kudrin promised to represent "almost all ministers" for violations in the execution of state programs

According to the head of the Accounting Chamber, almost every ministry and department has shortcomings in the implementation of state programs and financial violations
Moscow. 4 June. INTERFAX.RU - Chairman of the Audit Chamber of the Russian Federation Alexei Kudrin at a meeting with Russian President Vladimir Putin said that almost all Russian ministries and departments have violations in the implementation of state programs.

"I can say that in almost every ministry or department there are at least small, but there are shortcomings in the implementation of state programs, failure to meet certain indicators, financial violations - somewhere less, somewhere more." Almost all ministers and heads of departments will receive presentations, "- said Kudrin, whose words are given in the transcript of the meeting on the Kremlin's website.

The head of the Accounting Chamber added that according to the results of the last year ten materials have already been sent to the prosecutor's office. As a whole, in 2017 as a result of the Chamber of Accounts, 35 criminal cases were opened.

In addition, Kudrin promised that the Accounting Chamber would monitor the execution of the "May" presidential decree.

"But now I want to put emphasis on translating the inspections to a greater extent to evaluate the effectiveness results to achieve the final result of the strategic goals of your decree in May this year and the government programs that will accompany the implementation of these strategic goals," Kudrin said at the meeting. .

"To accurately describe the result, how these resources affect their achievement, and how this result is achieved step by step - this will become the key direction of the work of the Accounting Chamber," the head of the JV said. {}

ZoA wrote:

If almost 40% of Russian male population already dies before retirement this would become even more ugly if retirement age would be increased to 65 years. This is part of the idea, as all forced pension savings of those people that died before retirement would be expropriated by pension fonds.

Lesson is that liberal anti labour and pro “competitiveness”  economic policies newer contribute to stable economic growth, they only facilitate impoverishment  of the population and generate