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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 Wed Nov 02, 2016 5:06 am

    Hannibal Barca wrote:Firstly, I will be really surprised if Trump doesn't win.


    Hillary has been scripted to win by the power that be in the US , Trump is just a side show but not the show itself. If there was any free and fair election in US then certainly Trump would have had his fair chance but  this one is rigged for hillary.She even told her supporters to ignore all polls and that she will win Cool




    Secondly, I don't think anyone knows when or how the next economic crisis will unfold and I don't think anyone can predict how major is gonna be either.
    Problem is that we should had a huge crisis ongoing long ago, but most western centers realize that this will be an existential treat for them so they try to hang on
    delaying everything against economic data and common sense.
    I do think that the next crisis is gonna have geopolitical consequences. European Union rot from inside and the dollar can hold for so long
    without real economic data backing it up.

    Jim Rickards states SDR status will be elevated to reserve currency replacing USD and Euro and others

    Project Canada
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    Re: Russian Economy General News: #7

    Post  Project Canada on Wed Nov 02, 2016 11:23 am




    Can Russia build a tech-based economy?


    When over 13,000 entrepreneurs and investors last week visited the Open Innovations forum just outside of Moscow, concerns arose about the pace of technological advances in Russia

    Skolkovo Technology Park, one of Russia's largest science parks, is just an hour drive from Moscow's city center. Designed as an alternative to Silicon Valley in the U.S., Skolkovo is a key part of Russia's dream to build an economy based on scientific and technological innovation.

    On Oct. 26-28, Skolkovo Technopark hosted the Open Innovations forum, which is the Russian government's flagship tech event. The forum is seen as an opportunity to inspire technological development in the sanctions-hit country.

    This year, the event highlighted everything that is wrong with Russia's innovation infrastructure, ranging from low demand for new technology, to the lack of investment for early-stage startups.

    Freedom for startups?

    Pekka Viljakainen, adviser to Skolkovo Foundation's president, said large Russian corporations investing in startups seek a controlling stake of at least 30 precent.

    “There is not enough mutual trust in the local business environment,“ Viljakainen said in his speech at Open Innovations. “Companies are afraid to lose control under the current situation.“

    Such pressure, however, can cause a reverse effect whereby the startup's founders are not motivated to take risks and accept responsibility. Viljakainen believes tech entrepreneurs can create a unique product only if they are given more freedom.

    Evgeny Kuznetsov, CEO of RVC, one of Russia’s development institutes and a key player in building the county’s innovation system, admitted that long-established companies in Russia do not have the necessary experience and instruments to work properly with startups. Moreover, Russian senior executives and top managers often think that they have no need of innovation.

    Kuznetzov said, for example, that this is a big mistake made by local energy companies. According to the annual Innovation Report, budgets in Russia for R&D decreased while the demand for new technology has been increasing.

    “Big business has to cooperate with the innovation sector,“ Kuznetsov said. He admitted that many startups eventually move abroad because they don't fit into the purchasing strategy of major Russian companies.

    Venture vitamins needed

    The Russian government is actively fostering the innovation process, encouraging and supporting startups through organizations such as RVC, Skolkovo, the Agency for Strategic Initiatives (ASI) and many others. But the top down approach to innovation doesn’t help tech companies to grow fast enough.

    According to Ruslan Musin, the founder of SpeakUS, a mobile app that breaks down language barriers with the help of real interpreters, the infrastructure for startups is in the early stage of development.

    “It seems that window dressing gets more attention than deeper processes,“ he told RBTH, adding that his startup had a positive experience getting support at its place of residency, the Strogino science park, which belongs to the Moscow city government.

    “There are favorable conditions for starting a tech business in Russia, but the issue is further development,“ Musin said. “The venture capital market in the country is almost non-existent, and startups need financial “venture vitamins“ for growth. Of course, something is happening, but innovation can’t be developed separately from other industries.“

    http://rbth.com/science_and_tech/2016/11/01/can-russia-build-a-tech-based-economy_644021


    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Wed Nov 02, 2016 12:31 pm

    Hannibal Barca wrote:Secondly, I don't think anyone knows when or how the next economic crisis will unfold and I don't think anyone can predict how major is gonna be either.
    Problem is that we should had a huge crisis ongoing long ago, but most western centers realize that this will be an existential treat for them so they try to hang on
    delaying everything against economic data and common sense.
    I do think that the next crisis is gonna have geopolitical consequences. European Union rot from inside and the dollar can hold for so long
    without real economic data backing it up.

    You Must Watch this


    Hannibal Barca
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    Re: Russian Economy General News: #7

    Post  Hannibal Barca on Wed Nov 02, 2016 12:44 pm

    Well, Stockman is a joke.
    He sells gold and says these things again and again every day the last 8 years.
    One day he will be proved correct.... but until then, there will be a million times that he will be proved wrong Smile

    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Wed Nov 02, 2016 1:25 pm

    Hannibal Barca wrote:Well, Stockman is a joke.
    He sells gold and says these things again and again every day the last 8 years.
    One day he will be proved correct.... but until then, there will be a million times that he will be proved wrong Smile

    I have been watching Stockman for few years now and no he does not Sell Gold At All.

    His Agenda is not to sell any thing but to put his prospective on US Economy.

    Would suggest you go through the video and even this one below

    https://www.youtube.com/watch?v=FweX41DH67M

    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Wed Nov 02, 2016 1:25 pm

    Russia may spend additional $11.1 bln from Reserve Fund to cover deficit this year

    More:
    http://tass.com/economy/910194

    Hannibal Barca
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    Re: Russian Economy General News: #7

    Post  Hannibal Barca on Wed Nov 02, 2016 2:31 pm

    Austin, we all know that American economy is sick. We all know that China is the rising economy.
    Even Hillary knows that.
    What we don't know is when the next crisis is gonna hit, how it will unfold and how serious is gonna be.
    Stockman is an economic failure in what ever he tried and offers no arguments. He just repeat that they are doomed and that tomorrow morning Armageddon starts.
    He is not productive when he speaks, just repeats this again and again.
    Fact is, they carried already for too long in this condition mainly because there is no alternative for the moment.

    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Sat Nov 05, 2016 4:34 am

    Allocating part of Russian reserves in yuan will make global finances more stable — PM

    More:
    http://tass.com/economy/910577

    Project Canada
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    Re: Russian Economy General News: #7

    Post  Project Canada on Sat Nov 05, 2016 7:04 pm




    Russia enters re-industrialization stage — Medvedev

    http://tass.com/economy/910574



    Russia, Japan choose Voronezh for urban realm improvement project - minister


    http://tass.com/society/910606



    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Tue Nov 08, 2016 8:57 am

    China-Russia trade to grow to $200bn – PM Medvedev
    https://www.rt.com/business/365645-russia-china-minister-deals/

    Is A Russia-China Economic Alliance On The Horizon?
    http://www.forbes.com/sites/sarahsu/2016/11/07/is-a-russia-china-economic-alliance-on-the-horizon/print/

    miketheterrible
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    Re: Russian Economy General News: #7

    Post  miketheterrible on Tue Nov 08, 2016 2:25 pm

    China and other countries such as African or Asian needs Russia for both resources and their scientific base while Russia needs the markets. Only natural, especially since not us existence is threatened by the US. India is a wildcard and thus neither reliable for either side. Not good or bad.

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    Re: Russian Economy General News: #7

    Post  Austin on Tue Nov 08, 2016 4:46 pm

    As Russia saves most of its reserves in USD and Euro, Can US or EU block all the money in their Banks which belong to Russian Central Bank ?

    Can they block over night ?

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    Re: Russian Economy General News: #7

    Post  miketheterrible on Tue Nov 08, 2016 5:04 pm

    Yes, and they done it before to Iraq. But do this to major players will get others to hedge against the USD.

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    Re: Russian Economy General News: #7

    Post  Project Canada on Tue Nov 08, 2016 5:24 pm

    which is why Russia must gradually reduce their reserves in USD/Euro to a minimum, the less leverage the US and its cronies over Russia (and its allies) the better, this will limit US actions to these countries down to only starting a war, which in turn will further expose uncle Scam's real face to the world

    Austin
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    Re: Russian Economy General News: #7

    Post  Austin on Tue Nov 08, 2016 6:55 pm

    miketheterrible wrote:Yes, and they done it before to Iraq. But do this to major players will get others to hedge against the USD.

    Which means it can happen to Russia too , EU and US can do that to Russia.

    Why is central bank so foolish inspite of all sanctions they keep reserve in USD and Euro , Is Putin foolish too

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    Re: Russian Economy General News: #7

    Post  GunshipDemocracy on Tue Nov 08, 2016 7:32 pm

    Austin wrote:
    miketheterrible wrote:Yes, and they done it before to Iraq. But do this to major players will get others to hedge against the USD.

    Which means it can happen to Russia too , EU and US can do that to Russia.

    Why is central bank so foolish inspite of all sanctions they keep reserve in USD and Euro , Is Putin foolish too

    Then Russia can nationalize all western investments not to mention stop paying any debts back (some trillions + $500bln) but i do not think it is going to happen any time. We both know CBR keeps reserves in papers securities not cash mainly. This is also way of balancing attacks to destabilize Russia. Like lack of liquidity.

    We do not know what reasons behind CBR decisions are to behind scenes blackmails and threats...

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    Re: Russian Economy General News: #7

    Post  miketheterrible on Tue Nov 08, 2016 7:32 pm

    Austin wrote:
    miketheterrible wrote:Yes, and they done it before to Iraq. But do this to major players will get others to hedge against the USD.

    Which means it can happen to Russia too , EU and US can do that to Russia.

    Why is central bank so foolish inspite of all sanctions they keep reserve in USD and Euro , Is Putin foolish too

    It is a two way game. The Central bank of Russia is doing what all central banks do - play the money market to see if their gambles win. On other hand, they have been diversifying their reserves and still keep USD as a "in case". Reality states if US tries this, it could break their own backs as their currency would no longer be considered safe. But this was already the case with both Libya and Iraq. So you got people who realise this and made changes in Russia. And you got people who stuck with the only thing they know of, what they were taught, and just don't know better (Central Bank). Not malicious, just not imaginative or inventive in their techniques. Which can pose a problem to Russia, yes.

    GunshipDemocracy
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    Re: Russian Economy General News: #7

    Post  GunshipDemocracy on Tue Nov 08, 2016 7:45 pm

    miketheterrible wrote: But this was already the case with both Libya and Iraq. So you got people who realise this and made changes in Russia. And you got people who stuck with the only thing they know of, what they were taught, and just don't know better (Central Bank). Not malicious, just not imaginative or inventive in their techniques. Which can pose a problem to Russia, yes.

    Libya or Iraq did not have nukes and highly developed science/technology. If Us tries to bloc something they would get mor edamge themselves.

    So far they did not even push for more sanctions...means to me thet not far is from their problems

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    Re: Russian Economy General News: #7

    Post  andalusia on Wed Nov 09, 2016 6:31 pm

    Project Canada wrote:which is why Russia must gradually reduce their reserves in USD/Euro to a minimum, the less leverage the US and its cronies over Russia (and its allies) the better, this will limit US actions to these countries down to only starting a war, which in turn will further expose uncle Scam's real face to the world

    You make a good point. People on this forum are optimistic Trump will be different than the other presidents, I have plenty of reservations. Will he continue American financial imperialism or stop it? He says he wants good relations with the world and respects them as partners. Obama said the same thing and made promises like reducing student loan debt but that did not happen.

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    Re: Russian Economy General News: #7

    Post  kvs on Wed Nov 09, 2016 11:57 pm

    andalusia wrote:
    Project Canada wrote:which is why Russia must gradually reduce their reserves in USD/Euro to a minimum, the less leverage the US and its cronies over Russia (and its allies) the better, this will limit US actions to these countries down to only starting a war, which in turn will further expose uncle Scam's real face to the world

    You make a good point. People on this forum are optimistic Trump will be different than the other presidents, I have plenty of reservations.  Will he continue American financial imperialism or stop it? He says he wants good relations with the world and respects them as partners.  Obama said the same thing and made promises like reducing student loan debt but that did not happen.  

    Yes, Trump is just another US oligarch who is not going to fundamentally change the character of that Empire. But he seems not to be completely
    demented with the anti-Russian neocon agenda like Killary. So there may be some sanity increase if he manages to stay in office in the next 4 years
    without being assassinated or impeached. There are still a lot of neocons in the Republican Party who occupy senate and congress seats. They
    could conspire with neocons in the Democratic Party to bring Trump down over some contrived claims.

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    Re: Russian Economy General News: #7

    Post  Austin on Thu Nov 10, 2016 5:48 am

    Russia cannot depend on Good Will of US President for the well being of its economy and why should it even keep currency of a country that is most hostile towards Russia ? Would US do the same if the relation were at same level , no it wont.

    Just dump those USD and Euro for God Sake , Just buy more gold and invest in IMF SDR and Chinese Renminbi

    keep USD/Euro reserve no more than 20 % of Forex
    Keep 30 % Chinese Renminbi
    Keep 40 % Physical Gold
    Keep 10 % in IMF SDR and other denomations.

    Is Putin waiting for a day when they will confiscate Russian forex and then Nukes on them is it ?

    If required decrease Chinese Renminbi to 20 % and keep 50 % physcial gold

    By buying USD they are just subsidising US Economy, how naieve can CBR/Putin be

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    Re: Russian Economy General News: #7

    Post  Austin on Thu Nov 10, 2016 5:57 am

    The Chinese Currency is now into IMF SDR , The Central Bank has little reason not to keep forex in Renminbi.

    Cut a long term deal with Chinese to sell Oil/Gas in Renminbi ( besides USD/Euro ) and in return for long term chinese investement into Russian Economy , Chinese have huge requirement for Oil/Gas and if they would most happy purchase more from Russia if we sell them in Renminbi and Russia would be more than happy to let Chinese Companies Invest in Russian Economy.

    This would drive West into Panic and would force them to reconcile with Russia , Its like killing two birds with one Stone.

    If need be add Rouble to the Oil Basket so that any one who wants to purchase Energy Resource from Russia can do so in Rouble/Renminbi/USD/Euro

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    Re: Russian Economy General News: #7

    Post  miketheterrible on Thu Nov 10, 2016 6:10 am

    Putin doesn't control the CBR nor has control over the Forex. That is the CBR. If Putin interferes with it, it would be breaking the constitution which would force Putin to be indicted. The constitution needs to be changed first. CBR still has to work in favor of the Russian federation, but it can do so on its terms and one of that is how they deal with the FOREX. Unfortunately the US is a major economy due to its strength in both Banking and Administration, that it's currency is a safe investment and one that is a low risk investment compared to Yuan, Rupee, Yen, etc. Even Euro isn't as safe. Gold is also not exactly safe investment either as evident as late with constant fluctuations. So they stick to the safest one in terms of returns.

    But it is growing unsafe due to hostility of US. And also its faltering economy. But as someone else said, the US will not hold it back because they know the Russians can cause major damage to US economy both directly (pulling its investments, calling in the debt owned by US, and forcing sale of needed resources in Rubles or other currency (which will strike hard at commodity prices) and indirectly (other countries dropping USD as well in fear they lose out). Reason they could do it to Iraq and Libya was due to US having the advantage over those two (Iraq needed the equipment and cannot buy from Russia without the money. US won't give it to Iraq unless they buy from US) countries and their very lack of importance in the international stage.

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    Re: Russian Economy General News: #7

    Post  Austin on Thu Nov 10, 2016 6:21 am

    The CBR does not appear to be working in favour of Russia but the Global Central Bank and that is Bull Shift argument that CBR is independent , All Central Bank work in co-ordination with their Government , The Fed does that , Indias RBI does that and so does EU Draggi.

    Russia cannot afford to be passive , How Russia would react to US confiscating its Forex is secondary but primary it should work to secure its asset , It has to be proactive.

    I am not saying dump the USD/Euro entirely but just reduce its % from 45/40 % to like 15/15 % that would give US/Euro less leverage over Russia . Cut deal with chinese to keep forex in Renminbi and sell it in same in return for Long Term Investement in Russian Economy , Russia does not need security gurantees from Chinese like Gulf countries need from US but Chinese Economic Investment is what it needs.

    The West are going to screw up Russia as long as it plays by its Rule Book . Gold is the Most Prefect Asset outside the power of any Central Bank in world buy it as much as one can , Russia should have Gold Reserves of atleast 5000 Tons , The Germans have around 4000 and US 8000 i.e if they even exisit in US vaults.

    Rouble will be at a qualatatively different level if the Forex has 50 % gold reserves but the CBR has to do it. CBR right now is more than happy controlling inflation by High Interest Rates choking the economy of cheap money and thinks it has done a great thing controlling inflation ! Duh

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    Re: Russian Economy General News: #7

    Post  Austin on Thu Nov 10, 2016 6:55 am

    The World Bank announced a reduction of poverty in Russia


      • [url=http://vk.com/share.php?url=http%3A%2F%2Fizvestia.ru%2Fnews%2F643938&title=%D0%92%D1%81%D0%B5%D0%BC%D0%B8%D1%80%D0%BD%D1%8B%D0%B9 %D0%B1%D0%B0%D0%BD%D0%BA %D1%81%D0%BE%D0%BE%D0%B1%D1%89%D0%B8%D0%BB %D0%BE %D1%81%D0%BD%D0%B8%D0%B6%D0%B5%D0%BD%D0%B8%D0%B8 %D0%B1%D0%B5%D0%B4%D0%BD%D0%BE%D1%81%D1%82%D0%B8 %D0%B2 %D0%A0%D0%BE%D1%81%D1%81%D0%B8%D0%B8 -][/url]


    The decrease in this indicator affect the process of import substitution

    World Bank Chief Economist (WB) by Apurva Sanghi Russia presented a report on Russia, which was a reduction of poverty by 0.5 percentage points. It is associated with the program of import substitution and high yield. In addition, the World Bank expects a further decrease in the level of poverty in the Russian Federation due to the country's economic recovery.

    According to World Bank data, in the first half of 2016 14.6% of Russia's population (21.4 million people) were living below the poverty level, which is 0.5 percentage points lower than last year.

    Apurva Sanghi said that while food inflation has declined a second, and poverty has declined due to the fact that this food are the basis of purchases of the poorest citizens. At the same time, he said, is still vulnerable middle class.

    As Rosstat data show, food prices grew in January-September by only 2.4%, which is significantly lower than last year. CB noted that an important role in this process was played by the seasonal deflation, harvest 2016 and reducing the rate of inflation. Indicators for Agriculture has been achieved by the introduction of programs to support the agricultural sector in the framework of the import


    Читайте далее: http://izvestia.ru/news/643938#ixzz4PaB2yolX

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