Vann7 wrote:par far wrote:sepheronx wrote:flamming_python wrote:Is there any proof for the government buying up those shares? Some official statements or info from another source?
Forgive me but all these 'Putin's grandmaster thinking cannot be fully comprehended by us mere mortals' articles don't inspire believability.
They are not going to outright say it, and I do believe some of the comments are exaggerated, but I theorized prior to this events that Rus gov would allow companies and stocks to go under and buy them back at a mere fraction of the cost. Seems this is what they did. But there is still over $500B of private debt that will either need tk default on or something else.
What happens if they default?
Then the Russian Government will take control of those companies..take control of those companies for pennies
and nationalize them..all done legally. The Government debt is very small.. the major debt is private companies with assests in the west. As long As Russian Banks and Government have income..and can pay their debt is they have any.. then Russia will survive any crisis.. But the most important business Banks and Energy. that were under pressure and risk.are now safe... and in controls of the government. But i don't think they will want to carry all their business on their shoulders.. and instead will finance them..
But in real practice.. Russia government have the resources to Nationalize all their private industry and take control of it.. become some kind of new COmmunism.. under capitalism. Russia have close to 400$billion reserves and and a lot of things to sell that everyone needs.. from Energy to Company shares to technology. But having control of all Rosfnet is a BIG plus ,because the income will go completely to Russian government. and this will allow them to better handle the oil crisis without burning their gold reserves. So yes Oil now is at ~$50 more or less.. but Russian government profits are now up to 50% higher. This means that the margin of profit is even smaller now..
Russian government could be selling oil at $30 or $20 and still make profit.. Obviously an adjustment of Russian budget and spending will have to be reduced.
It was all planned... the attack on the ruble was not Russia initiative ..but US and Saudi Arabia.. then Russia decided
to allow the west to near collapse the ruble and then buy back all their energy shares from the hands of americans and europeans. Russia will be very rich selling cheap energy once they build pipelines through all Asia.. China/India/South korea and Japan. And Saudi Arabia will be doomed.
What is an irony is that American and European investors.. that lost their energy shares for panic..thinking Russia economy will collapse.. are victims of their own western media... however Russian media if you look how they reported everything from Dec1 to dec 16.. was not a lot different from how CNN did it.. I remember clearly how the
chairman of the central bank told "They lost control of the ruble" and that people need to adjust to a new reality..
and just hours later.. Medvedev says they have Enough resources to REVERSE the ruble performance and that is value at that time. .was not based on reality but on emotions.. (emotions that they helped to create)...
People are still looking for those mysterious speculators destroying the Ruble they were all duped into thinking Russia had no control of the ruble.. to allow them buy very cheap their energy shares.
In other news.. it seems INDIA is now target of the western elite.. they are spreading panic about the safety of
Indian airliners.. about rumors of terrorist that will hijack their planes.. Pretty much USA is on a full scale economic
warfare against BRICS nations.. All this planes falling form the sky is economic warfare against their airlines. and their economy.. it was Malaysia the only nation who did a trial for warcrimes against BUSH for the IRAQ invasion.
I hope they do one against Obama for the SYria and Ukraine war.
They have been waging economic warfare against India for a while now, hope India is ready. How do you stop economic warfare against airlines? Do start hitting their airlines(you can't be on defensive all the time?