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    Russian Economy General News: #7

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    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Sat Sep 24, 2016 11:14 am

    The debt is not just a political problem but also an economic one. The government has to keep servicing the debt which means revenue ends up paying interest and as debt grows the interest payment grows , the government borrows more and it gets cyclic.

    As some point this has to burst and there are other problems too ,  To quote my friend where we have discussion on economic issue
    https://forums.bharat-rakshak.com/posting.php?mode=quote&f=2&p=2043624

    The Bond yield curve is flat.
    The credit curve is going up exponentially.
    The Swap curve is inverting.

    Each tell a story which is opposite to the others if we look at historical data.

    Singular_trafo
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    Re: Russian Economy General News: #7

    Post  Singular_trafo on Sat Sep 24, 2016 4:34 pm

    Austin wrote:The debt is not just a political problem but also an economic one. The government has to keep servicing the debt which means revenue ends up paying interest and as debt grows the interest payment grows , the government borrows more and it gets cyclic.

    As some point this has to burst and there are other problems too ,  To quote my friend where we have discussion on economic issue
    https://forums.bharat-rakshak.com/posting.php?mode=quote&f=2&p=2043624

    The Bond yield curve is flat.
    The credit curve is going up exponentially.
    The Swap curve is inverting.

    Each tell a story which is opposite to the others if we look at historical data.

    Simple sequence of observed events doesn't mean correlation or causality .

    The goverment with the parliament has all rigth to change the monetary system, the rules of it that govern it , or anything else that it wish.

    Example the goverment can pay 22% interest, but if it wish it can tax it by 99%.It is a simple decision, nothing else.


    So, the goverment paid intrest rate , debt level and so on in its own currency cant be compared to the other economical actors paramters, these are defining the system, and not affected by the system.

    The goverment is the base of the coordinate system, and everything else can be analysed in the context of the goverment in a given monetary system.

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    Re: Russian Economy General News: #7

    Post  Austin on Sat Sep 24, 2016 5:01 pm

    Singular_trafo wrote:
    Austin wrote:The debt is not just a political problem but also an economic one. The government has to keep servicing the debt which means revenue ends up paying interest and as debt grows the interest payment grows , the government borrows more and it gets cyclic.

    As some point this has to burst and there are other problems too ,  To quote my friend where we have discussion on economic issue
    https://forums.bharat-rakshak.com/posting.php?mode=quote&f=2&p=2043624

    The Bond yield curve is flat.
    The credit curve is going up exponentially.
    The Swap curve is inverting.

    Each tell a story which is opposite to the others if we look at historical data.

    Simple sequence of observed events doesn't mean correlation or causality .

    The goverment with the parliament has all rigth to change the monetary system, the rules of it that govern it , or anything else that it wish.

    Example the goverment can pay 22% interest, but if it wish it can tax it by 99%.It is a simple decision, nothing else.


    So, the goverment paid intrest rate , debt level and so on  in its own currency  cant be compared to the other economical actors paramters, these are defining the  system, and not affected by the system.

    The goverment is the base of the coordinate system, and everything else can be analysed in the context of the goverment in a given monetary system.

    22 % interest and 99 % tax Rolling Eyes

    Sure it would be a very simple thing to do when all that Fed managed to do in 8 years is to increase interest rate by 0.5 from near zero

    Singular_trafo
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    Re: Russian Economy General News: #7

    Post  Singular_trafo on Sat Sep 24, 2016 8:37 pm

    Austin wrote:
    Singular_trafo wrote:
    Austin wrote:The debt is not just a political problem but also an economic one. The government has to keep servicing the debt which means revenue ends up paying interest and as debt grows the interest payment grows , the government borrows more and it gets cyclic.

    As some point this has to burst and there are other problems too ,  To quote my friend where we have discussion on economic issue
    https://forums.bharat-rakshak.com/posting.php?mode=quote&f=2&p=2043624

    The Bond yield curve is flat.
    The credit curve is going up exponentially.
    The Swap curve is inverting.

    Each tell a story which is opposite to the others if we look at historical data.

    Simple sequence of observed events doesn't mean correlation or causality .

    The goverment with the parliament has all rigth to change the monetary system, the rules of it that govern it , or anything else that it wish.

    Example the goverment can pay 22% interest, but if it wish it can tax it by 99%.It is a simple decision, nothing else.


    So, the goverment paid intrest rate , debt level and so on  in its own currency  cant be compared to the other economical actors paramters, these are defining the  system, and not affected by the system.

    The goverment is the base of the coordinate system, and everything else can be analysed in the context of the goverment in a given monetary system.

    22 % interest and 99 % tax Rolling Eyes

    Sure it would be a very simple thing to do when all that Fed managed to do in 8 years is to increase interest rate by 0.5 from near zero

    It is not falsify, but supports my theory.

    The FED can't solve the problem , because it is political.


    Question is, what is more important for the US goverment, the imperium or the citizens of the homeland?

    The solution is political, and the fed can't do anything about it.


    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Tue Sep 27, 2016 3:01 pm

    David Stockman: Economy is on the edge of ruin


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    Re: Russian Economy General News: #7

    Post  Austin on Wed Sep 28, 2016 9:02 am

    Peter Schiff-No Way Out for Fed Trapped in Monetary Roach Motel

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    Re: Russian Economy General News: #7

    Post  Austin on Wed Sep 28, 2016 12:48 pm

    US threatens more sanction on Syria

    https://ria.ru/syria/20160928/1478029171.html

    The White House made the expansion of sanctions against Russia for Syria


    US authorities have attributed a new crisis with the support that Russia has the Syrian government.


    "We did not remove from consideration the prospect of additional financial sanctions." - Josh Ernest said.


    According to the US president's press secretary, limit established as "an effective tool to support our (US - Ed.) Interests around the world." He noted that the United States will coordinate their action on the issue of sanctions with their partners.


    Commenting on the words of Ernest, a spokesman for the Russian president, Dmitry Peskov, later said that Washington's position is misunderstanding. According to the representative of the Kremlin, "obsession with the sanctions policy of no good to anyone not brought."

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    Re: Russian Economy General News: #7

    Post  Austin on Thu Sep 29, 2016 4:16 pm


    CB awaits stabilization of international reserves in 2018


    Interfax

    The Bank of Russia in the baseline scenario expects stabilization of international reserves at around $ 400 billion from 2018 In the optimistic scenario the regulator does not preclude their growth to $ 500 billion through the purchase of foreign currency to the draft Guidelines for the monetary policy of Russia in the years 2017-2019 .
    International reserves, according to the Central Bank for 2016 are expected to grow from $ 360 billion on January 1, 2017 amount to $ 379 billion. It is assumed that they were in the baseline scenario with the price of oil at $ 40 / barrel. on January 1, 2018 will be $ 394 billion, on January 1, 2019 - $ 399 billion on January 1, 2020 - $ 405 ppb According to the risk prediction, comprising the oil price of about $ 25/barr., international reserves will be reduced and on January 1, 2018 will be $ 369 billion, on January 1, 2019 - $ 362 billion on January 1, 2020 - $ 361 billion.
    "The figures [base case scenario] laid some growth of foreign exchange reserves due to the reduction of debt to credit institutions to the Bank of Russia in repo transactions currency refinancing", - said the first deputy chairman Dmitry Tulin at a briefing on Wednesday. According to him, the increase in reserves in this scenario is due to the operations of buying gold.
    The Bank of Russia will consider the possibility of resumption of purchases of foreign currency to replenish international reserves to $ 500 billion in the implementation of the optimistic scenario, that is, with an increase in oil prices to $ 55 / bbl. in 2019. However, the regulator does not set specific deadlines to achieve this value, as the current level of reserves is already "quite comfortable".
    The Central Bank regularly replenish international reserves by acquiring gold in the domestic market. The resumption of purchases of foreign currency to replenish reserves will be considered only if the conduct of these operations will not conflict with the implementation of the goal of price and financial stability, it emphasizes the regulator.
    The volume of international reserves of $ 500 billion over the adequacy calculated according to standard criteria. However, according to the Bank of Russia, it is a higher level of reserves is desirable for stable functioning of the Russian economy in an unfavorable external economic environment and the actions of the international trade and financial sanctions.

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    Re: Russian Economy General News: #7

    Post  kvs on Thu Sep 29, 2016 4:29 pm

    Austin wrote:
    CB awaits stabilization of international reserves in 2018


    Interfax


    The Bank of Russia in the baseline scenario expects stabilization of international reserves at around $ 400 billion from 2018 In the optimistic scenario the regulator does not preclude their growth to $ 500 billion through the purchase of foreign currency to the draft Guidelines for the monetary policy of Russia in the years 2017-2019 .
    International reserves, according to the Central Bank for 2016 are expected to grow from $ 360 billion on January 1, 2017 amount to $ 379 billion. It is assumed that they were in the baseline scenario with the price of oil at $ 40 / barrel. on January 1, 2018 will be $ 394 billion, on January 1, 2019 - $ 399 billion on January 1, 2020 - $ 405 ppb According to the risk prediction, comprising the oil price of about $ 25/barr., international reserves will be reduced and on January 1, 2018 will be $ 369 billion, on January 1, 2019 - $ 362 billion on January 1, 2020 - $ 361 billion.
    "The figures [base case scenario] laid some growth of foreign exchange reserves due to the reduction of debt to credit institutions to the Bank of Russia in repo transactions currency refinancing", - said the first deputy chairman Dmitry Tulin at a briefing on Wednesday. According to him, the increase in reserves in this scenario is due to the operations of buying gold.
    The Bank of Russia will consider the possibility of resumption of purchases of foreign currency to replenish international reserves to $ 500 billion in the implementation of the optimistic scenario, that is, with an increase in oil prices to $ 55 / bbl. in 2019. However, the regulator does not set specific deadlines to achieve this value, as the current level of reserves is already "quite comfortable".
    The Central Bank regularly replenish international reserves by acquiring gold in the domestic market. The resumption of purchases of foreign currency to replenish reserves will be considered only if the conduct of these operations will not conflict with the implementation of the goal of price and financial stability, it emphasizes the regulator.
    The volume of international reserves of $ 500 billion over the adequacy calculated according to standard criteria. However, according to the Bank of Russia, it is a higher level of reserves is desirable for stable functioning of the Russian economy in an unfavorable external economic environment and the actions of the international trade and financial sanctions.

    Russia is running out of money and will collapse any day now!

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    Re: Russian Economy General News: #7

    Post  Austin on Thu Sep 29, 2016 4:44 pm

    [size=35]"Aeroflot" is working on contracts for 20 SSJ100 aircraft and 50 ships MS-21[/size]
    https://ria.ru/economy/20160929/1478142411.html


    Novo-Ogaryovo, September 29 -. RIA Novosti / Prime "Aeroflot" is working on contracts for the supply of additional 20 aircraft Sukhoi Superjet 100 (SSJ100) and 50 vessels MS-21, the general director Vitaly Savelyev airlines.

    "We are now at the stage of elaboration of the contract for an additional 20 machines Sukhoi Superjet and working on a contract for the machine MC-21, 50 cars," - said Savelyev at a meeting with Russian President Vladimir Putin.
    He noted that the supply of SSJ100 is expected in 2017-2018. "We're going to get 20 cars for 2017 and 2018, and now we are discussing on time," - said the head of Russia's largest air carrier.
    As of July 31, 2016 "Aeroflot" operated 172 aircraft, most of the ships make the Airbus A320, Airbus A330 and the Sukhoi SuperJet 100. Russian regional jets of the new generation Sukhoi SuperJet 100 airline received in June 2011 (in the framework of a solid order 30 Sukhoi SuperJet 100 aircraft).
    Also, the airline "Aeroflot" group of operators will be the first of a new medium-haul passenger airliner MS-21-300.

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    Re: Russian Economy General News: #7

    Post  Austin on Sat Oct 01, 2016 1:34 pm

    Neoliberalism and Financial Warfare: Can Russia Learn From Brazil’s Fate?

    http://www.globalresearch.ca/neoliberalism-and-financial-warfare-can-russia-learn-from-brazils-fate/5548534

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    Re: Russian Economy General News: #7

    Post  kvs on Sat Oct 01, 2016 3:22 pm

    Austin wrote:Neoliberalism and Financial Warfare: Can Russia Learn From Brazil’s Fate?

    http://www.globalresearch.ca/neoliberalism-and-financial-warfare-can-russia-learn-from-brazils-fate/5548534


    Uncle Scam already tried this stunt in Russia several times. But Russians didn't fall for the "regime is corrupt, we want democracy now"
    intellectual excrement. Ukrainians did fall for this and are now being f*cked in the ass 24/7.

    The rest of the article is excellent. Nabiullina needs to be shot along with the rest of the CBR 5th column. Roberts nullifies all of
    monetarism with a single line statement: the inflationary pressure from money issued by the CBR and the same amount borrowed abroad
    is exactly the same.

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 8:36 am

    Carl Icahn Interview About Economy & Battle w/ Bill Ackman


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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 8:49 am

    Very interesting Interview , What do you thing kvs

    Paul Singer - Full Interview At Delivering Alpha (Sept 2016)


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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 8:56 am

    The Ministry of Finance has predicted revenues for the next three years

    https://ria.ru/economy/20161001/1478303134.html

    Office creates budget for the 2017-2019 years, starting from the zero balance of the reserve fund every three years means.


    According to the preliminary parameters of the budget for 2016, the country's expenditures will amount to 16.4 trillion rubles, revenues - 13.37 trillion rubles, the deficit will be 3.7% of GDP. Budget expenditures in the years 2017-2019 are frozen at the level of 15.78 trillion rubles. It is planned that in 2017 revenues will amount to 13.03 trillion rubles, in 2018 - 13.77 trillion rubles, in 2019 - 14.64 trillion rubles.



    The parameters of the budget authority lays negative figures on the volume of foreign loans - a minus 40 billion rubles in 2017 and minus 129 billion rubles in 2018. Thus, the net funds raised by the external debt will be less than the maintenance costs of the current debt. It is planned that the parameters for external borrowing in 2019 will be back in positive values, and the amount to 20 billion rubles.


    In addition, the federal budget revenues from privatization in the next three-year laid down in the amount of billion rubles per year. This year, revenues for this article amount to 382 billion rubles.


    In addition, the rate of state companies to pay dividends in the amount of 50% of the profits will provide the budget in 2017 269 billion rubles, in 2018 - 274 billion rubles, in 2019 - 288 billion.

    According to the presentation, the Ministry of Finance extends until 2019 inclusive measure to raise the severance tax on gas, the use of this year. This will bring in a budget of 170 billion rubles a year.


    In 2017, the increase in excise duties on petroleum products will bring to the budget 50 billion rubles, in 2018 - 75 billion rubles, in 2019 - 90 billion rubles.


    Also, the Ministry of Finance is planning in the next three years to index the excise tax on tobacco by 10%, which will replenish the budget a total of 243 billion rubles.


    In the presentation the Finance Ministry said that the funds of the RF Reserve Fund will be exhausted as early as 2017. At the same time the balance of the National Welfare Fund, excluding funds deposited in financial assets in 2017 will amount to 2.07 trillion rubles, in 2018 - 914 billion rubles, in 2019 the remainder of liquid assets amount to 500 billion rubles.

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 02, 2016 9:00 am

    According to the preliminary parameters of the budget for 2016, the country's expenditures will amount to 16.4 trillion rubles, revenues - 13.37 trillion rubles, the deficit will be 3.7% of GDP


    If I do some back paper calculation ,  exp 16.4 and rev 13.37  makes deficit  3.03 Trillion Ruble which is 3.7 % of GDP

    So GDP is roughly 82 Trillion Ruble for Russia

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    Re: Russian Economy General News: #7

    Post  Project Canada on Mon Oct 03, 2016 5:12 am

    Medvedev: Russian government to work on a project basis

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    Re: Russian Economy General News: #7

    Post  Austin on Mon Oct 03, 2016 6:10 am

    David Stockman: America Now Lives Under A 'Perverted Regime' 


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    Re: Russian Economy General News: #7

    Post  Austin on Sat Oct 08, 2016 1:26 pm

    Good Details on MOF proposal for 2017-2019 Budget

    https://ria.ru/economy/20161007/1478757703.html

    They want to reduce def budget by 1 trillion rouble

    Expenditure under the "National Defense" Ministry of Finance plans to reduce in 2017 to 2.84 trillion rubles in 2017 against 3.889 trillion rubles in 2016. In 2018 and 2019 the costs of this article would amount to 2,728 trillion and 2,816 trillion rubles.

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    Re: Russian Economy General News: #7

    Post  kvs on Sat Oct 08, 2016 3:18 pm

    http://www.zerohedge.com/news/2016-10-07/norway-announces-massive-2017-withdrawals-sovereign-wealth-fund-cover-deficits

    Norway Announces Massive Withdrawals From Sovereign Wealth Fund To Cover Deficits





    I bet all the anti-Russian hysterics who claim that Russia is imploding because it is tapping a minor wealth fund have
    nothing to say about Norway.

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 09, 2016 7:14 am

    Ministry of Finance has projected defence budget for 2017-2019 , 1 Trillion roubles in cut

    https://ria.ru/economy/20161007/1478757703.html

    Expenditure under the "National Defense" Ministry of Finance plans to reduce in 2017 to 2.84 trillion rubles in 2017 against 3.889 trillion rubles in 2016. In 2018 and 2019 the costs of this article would amount to 2,728 trillion and 2,816 trillion rubles.

    In Trillion roubles

    2011 - 1.515 
    2012 - 1.812
    2013 -  2.106
    2014 -  2.49
    2015 -   3.032 
    2016 -  3.889
    2017 -  2.84  ( proposal )
    2018 -  2.728 ( proposal )
    2019 -  2.816 ( proposal )

    Total =  23,22 Trillion

    If Finance Minister proposal is accepted as is then Russian Defence budget for the Decade would be meeting SAP 2020 goal of 23 trillion rouble ( 19 trillion for defence budget , 4 Trillion of MIC )

    there is still 2020 def budget to be accounted for but that would come under new SAP 2018-2025

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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 09, 2016 11:51 am

    kvs watch this interview with Jim Rickards

    Jim Rickards new book has come and his interview with Max Keisar starts at 12:00 , Very interesting interview , He says every thing will be elevated to IMF SDR and these are already documented in fine prints and laws passed , Watch the interview

    Keiser Report Bubble economy sins


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    Re: Russian Economy General News: #7

    Post  Austin on Sun Oct 09, 2016 11:52 am

    Russian austerity planned for 2017-2019 "election budget"

    http://www.intellinews.com/russian-austerity-planned-for-2017-2019-election-budget-107577/

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    Re: Russian Economy General News: #7

    Post  franco on Sun Oct 09, 2016 2:09 pm

    The Russian Ruble continues to get stronger to the US$. Closed out on Friday trading at 62.3 per. The Central Bank has been trying to keep it closer to 70 per, to stimulate foreign buying of Russian goods.

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    Re: Russian Economy General News: #7

    Post  Austin on Tue Oct 11, 2016 4:47 pm

    David Stockman says , Election is Over and Hillary has won but she will be handicapped.

    Hillary is Evil and Liar to the core this will have serious implication for Russia and its Economy


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