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    Russian Economy General News: #5

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    PapaDragon

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    Re: Russian Economy General News: #5

    Post  PapaDragon on Tue Aug 11, 2015 9:55 am

    higurashihougi wrote:
    PapaDragon wrote:
    In the meantime sdelanounas.ru is so loaded with pictures of cows, it looks like Playboy for bulls.  lol1

    ''European Dairy Industry in Crisis Due to Russian Food Embargo

    European dairy farmers are facing their most serious economic crisis in decades, largely as a result of the ongoing sanctions war between EU member countries and Russia.''


    http://sputniknews.com/business/20150810/1025581375.html

    At this rate we will need cow emoticon pretty soon... Razz

    Now they began to beg Russia for mercy

    http://www.thenews.pl/1/10/Artykul/216457,Agriculture-Minister-calls-on-Russia-to-halt-food-burning

    I want to appeal to President Putin lest he walk in the footsteps of his predecessors from the Soviet Union, especially from the 1930s, and not destroy food. Russians today need this food and in our Slavic tradition the destruction of the bread is considered a very grave sin," the minister said at a Friday press conference. Speaking about 'predecessors', Sawicki was referring to the 1930s hunger in Ukraine which was deliberately caused on Stalin's orders and involved destruction of grain hidden by farmers from the authorities''

    lol1 lol1 lol1

    Holy shit, is this moron trying intentionaly to reinforce stereotypes about Poles?

    Russians today most definitely do not need this crap given the trajectory of agicultural develpment in Russia right now.

    If I were him I would be more concerned about what will happened with Polish (and EU) farmers when Russian food exports hit EU shelves in several short years.

    As for Ukrainian ''famine'' urban legend, I am sure that everyone else in USSR was eating lobsters and caviar while ukrops were ''starved intentionally''.  Rolling Eyes

    I know you read it but I'll repost it for others:
    Holodomor Hoax: Joseph Stalin's Crime That Never Took Place

    Playing into the hands of Ukrainian nationalists, a monument to the so-called Ukrainian "Holodomor," one the 20th century's most famous myths and vitriolic pieces of anti-Soviet Propaganda, has been erected in the US capital.
    Rally to support Ukraine's integration with Europe on Independence Square, Kiev

    http://sputniknews.com/politics/20150809/1025560345.html[/b]

    Hilarious how he suddenly mention the fact that they are Slavs like Ruskies since they usually believe that Poles are ''chosen nation'' superior to Russians.

    Things must be desperate for this to happen.

    Also, nice of him to admit that all that crap was smuggled by Poland. Good thing he has diplomatic immunity. lol1


    No disrespect for Poles on this forum. love
    I just had to call this ass-talking clown out...

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    KoTeMoRe

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Tue Aug 11, 2015 9:56 am

    Ivan the Colorado wrote:
    American Eagle wrote:Russian economy contracts by 4% Very Happy Very Happy Very Happy
    ft.com/cms/s/3/8e640b2e-3f71-11e5-b98b-87c7270955cf.html
    Kinda obvious why you are here. Don't worry, Russia's recession will end in the next two quarters.
    Mods please take him out.

    Noooooooo, I want to keep him. We need more wisdom from Donald Tramp. Right Donald?

    Guest
    Guest

    Re: Russian Economy General News: #5

    Post  Guest on Tue Aug 11, 2015 9:59 am

    KoTeMoRe wrote:
    Ivan the Colorado wrote:
    American Eagle wrote:Russian economy contracts by 4% Very Happy Very Happy Very Happy
    ft.com/cms/s/3/8e640b2e-3f71-11e5-b98b-87c7270955cf.html
    Kinda obvious why you are here. Don't worry, Russia's recession will end in the next two quarters.
    Mods please take him out.

    Noooooooo, I want to keep him. We need more wisdom from Donald Tramp. Right Donald?
    Nah, besides Donald Trump is a pretty big fan of Russia and has advocated for restoring ties, so I like him. This is just another lost refugee fleeing from TheMess.
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    KoTeMoRe

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Tue Aug 11, 2015 10:00 am

    Ivan the Colorado wrote:
    KoTeMoRe wrote:
    Ivan the Colorado wrote:
    American Eagle wrote:Russian economy contracts by 4% Very Happy Very Happy Very Happy
    ft.com/cms/s/3/8e640b2e-3f71-11e5-b98b-87c7270955cf.html
    Kinda obvious why you are here. Don't worry, Russia's recession will end in the next two quarters.
    Mods please take him out.

    Noooooooo, I want to keep him. We need more wisdom from Donald Tramp. Right Donald?
    Nah, besides Donald Trump is a pretty big fan of Russia and has advocated for restoring ties, so I like him. This is just another lost refugee fleeing from TheMess.

    Yeah but this one is Donald TrAmp. Mind the details, bre.

    Guest
    Guest

    Re: Russian Economy General News: #5

    Post  Guest on Tue Aug 11, 2015 10:11 am

    KoTeMoRe wrote:
    Ivan the Colorado wrote:
    KoTeMoRe wrote:
    Ivan the Colorado wrote:
    American Eagle wrote:Russian economy contracts by 4% Very Happy Very Happy Very Happy
    ft.com/cms/s/3/8e640b2e-3f71-11e5-b98b-87c7270955cf.html
    Kinda obvious why you are here. Don't worry, Russia's recession will end in the next two quarters.
    Mods please take him out.

    Noooooooo, I want to keep him. We need more wisdom from Donald Tramp. Right Donald?
    Nah, besides Donald Trump is a pretty big fan of Russia and has advocated for restoring ties, so I like him. This is just another lost refugee fleeing from TheMess.

    Yeah but this one is Donald TrAmp. Mind the details, bre.
    Ahh, I still think we should kick the tramp out. pwnd
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    KoTeMoRe

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Tue Aug 11, 2015 10:13 am

    kvs wrote:
    ExBeobachter1987 wrote:

    Russia’s economy shrank the most since 2009 after a currency crisis jolted consumer demand, while a selloff in oil threatens to drag the country into a deeper recession.

    Gross domestic product contracted 4.6 percent in the second quarter from a year earlier after a 2.2 percent decline in the previous three months, the Federal Statistics Service in Moscow said on Monday, citing preliminary data. That was worse than the median forecast for a 4.5 percent slump in a Bloomberg survey of 18 analysts. The Economy Ministry had projected that output shrank 4.4 percent in the period, calling it “the lowest point” for Russia.




    The above graph is fraudulent.   GKS only has quarterly GDP figures for the first quarter of 2015.  There are no figures for June of 2015.
    The graph is a splice of the GKS figures and the -5% forecast from Moody's.  

    http://www.gks.ru/free_doc/new_site/vvp/tab6a.xls

    If you look around on the GKS site you will see industrial production took a hit in the second quarter but has bounced back.  So the GDP
    ramp you see in the above graph is not consistent.   Inflation was high in the first quarter but the inflation spike from last year fizzled out
    by the end of March.   So the GDP drop should have been larger in the first quarter as the shock was still significant.    Given the production
    figures I will wait until the end of the year before buying into the -5% GDP drop claim.  

    The above graph is "sourced" from the GKS, it isn't the GKS. Don't forget also this is a Cst Price graph. The choice is indeed made in order to magnify the current situation. It's a propaganda war yooo. Don't sweat it.

    Karl Haushofer

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    Re: Russian Economy General News: #5

    Post  Karl Haushofer on Tue Aug 11, 2015 10:19 am

    KoTeMoRe wrote:
    Ivan the Colorado wrote:
    American Eagle wrote:Russian economy contracts by 4% Very Happy Very Happy Very Happy
    ft.com/cms/s/3/8e640b2e-3f71-11e5-b98b-87c7270955cf.html
    Kinda obvious why you are here. Don't worry, Russia's recession will end in the next two quarters.
    Mods please take him out.

    Noooooooo, I want to keep him. We need more wisdom from Donald Tramp. Right Donald?
    But isn't Trump the least anti-Russian of all candidates? Jeb Bush and Hillary Clinton are more hostile than him.
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    higurashihougi

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    Re: Russian Economy General News: #5

    Post  higurashihougi on Tue Aug 11, 2015 10:52 am

    PapaDragon wrote:

    lol1 lol1 lol1

    Holy shit, is this moron trying intentionaly to reinforce stereotypes about Poles?

    Russians today most definitely do not need this crap given the trajectory of agicultural develpment in Russia right now.

    If I were him I would be more concerned about what will happened with Polish (and EU) farmers when Russian food exports hit EU shelves in several short years.

    As for Ukrainian ''famine'' urban legend, I am sure that everyone else in USSR was eating lobsters and caviar while ukrops were ''starved intentionally''.  Rolling Eyes

    Probably certain "historians" in the future may say that Putin causes huge genocide in EU countries because of the intentional destruction of EU food which causes the bankrupt of EU farmers and then collapse of EU agriculture... Laughing Laughing
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    Viktor

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    Re: Russian Economy General News: #5

    Post  Viktor on Tue Aug 11, 2015 5:52 pm

    Nice thumbsup

    Energy: Russia and Iran are discussing a deal "Oil Products"

    Vann7

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    Re: Russian Economy General News: #5

    Post  Vann7 on Tue Aug 11, 2015 6:52 pm

    Not an economist , but i don't think if Europe goes tomorrow and lift all the sanctions on
    Russia ,tha Russia will be able to "pass the page" and start buying European products again..
    Russia was forced to invest heavily on its agriculture and forced into an import substitution
    program from western technology ,not only creating local technology but using alternative one
    from EuroAsia.

    This means that it will take at least years before sanctions are lifted for Europe to regain
    the Russian market they had.. Because Russia is not going to throw away all the $billions invested on its agriculture and import technology substitution ,creating new companies ,for later
    go and sabotage their own local Industry ,by allowing Euopeans to continue business as usual.

    So the way it looks.. unless something historical happens.. like Europe officially split from America, in the way of retaking its Sovereignty and power back ,and refusing to follow blindly
    any of their policies and something with bullet proof legal guarantees created ,like a free trade zone between Russia and Europe ,from Lisboa Portugal to Vladivostok..  With big economic penalties for violating the free trade pact..Then the chance of Europeans regaining the Russian
    market will be very small.

    Russia is paying the price of the very short sight vision of Putin , allowing its economic minister KUDRIN to first Westernisize the Russian market thinking AMericans were going to allow their Europeans economies to fully integrate with Russia ,something that could threaten the very existence of NATO without turning the world in wars first.. and creating revolutions at their borders.  It was not like there was no signs already?   Did anyone forget It was a US coup what
    removed Georgia Pro Russian president ,replacing him for a PRO US one?  Or how in Ukraine was as early as the 2,000s under a major NGO attack by US proxies ,creating a CIA-ultra nationalism anti RUssia movement? Yakunovych many forget was overthrow not one but TWO TIMES!!! already..  

    Meaning the US was not hiding its real intentions ever.. from Isolating Russia from the world..
    and was only expecting the best moment.. They simply take Ukraine and later most of Russian
    gas no longer could travel to Europe.. Is beyond incompetence ,just total failure ,to not have a Plan B ,in case what already happened in Georgia in 2008.. happens in Ukraine... and that today for example many warships in Russia defense industry depends on Ukraine gas engines..?

    Russia is not now when they have to start seeking an import substitution,, but 20 years AGO..
    So Russia is late 2 decades..in this.. It should have been FUCKING CLEAR after the 90s ,for Russians ,that US intentions was to destroy Russia plain and simple.. after Yugoeslavia ,Serbia and IRAQ... and the increasing NGO operations in Russia and its Borders a the expansion of NATO to Russian borders.. IT should have been FUCKING clear for PUTIN after Georgia attack
    on Russia...what were the Americans aiming..  But they fucking waited for Americans to try a second revolution in 2013/2014 Ukraine and put CIANAZIS in power to actually ,to start an import substitution program..and start thinking in removing their dependence in Western Technology.

    Americans seeks nothing but World Total Domination , and split of Russia in many parts , they simply dont accept any competition that stand in middle of Americans plans to install a military
    base in every nation in the world. and have all the laws in every nation being dictated by them and  have ZERO voices to oppose it..   So its really disappointing to see how Putin had all the power he needed in Russsia to turn Russia into Isolation proof country.. as USA today is. That
    can get the technology its needs internally with their own  Industries .. in case the world try to isolate them. But that Russia did nothing.. All Putin and Medvedev focused was to continue building more nukes as a "deterrence" modernize its military and trying to turn Gazprom into a world monopoly.

    So is a retarded policy.. Russia cannot be neutral nation in the world like India or China and expect later their interest to be respected... Everytime you see Putin complaining and complaining and complaining like a girl , the west did this ,the west did that.. and dont take them seriously ..but he is the biggest one to blame..for allowing Russia to become so dependent on the nations American economy have a real strong control..  From my view , the only positive
    thing about Putin is that he is patriotic..and united the country and good in diplomacy.. But his lack of vision is pathetic at best..  I really say Russia needs a new leader that can move Russia
    to a new level..  and that realize if they want to save Russia from another soviet collapse ,they need to become a much more influential nation , not by building more nukes or warship ,but by becoming a more attractive nation for Europe other than a Gas Station and safe travel to ISS. ,so much that Europe could see Russia as an alternative to USA.  But as know it is.. there doesn't look like Russia will ever takes its feet from the mud , and will continue to be a Second rate power ,that no one of the developed modern economies takes seriously in International level.. with a reactionary policy. and only do things AFTER they are forced to do it.

    Russia have no alternative to either Lead the world..or be told what to do. It needs to dominate Americans or be dominated by them.. there is no medium terms. Americans have auto imposed
    a role of world leadership ,that they can backup with its artificially created major Economy ,its Industrial and technology power and military block.  And Russia have no choice , but to become a real Super dominating power like USA is.. or become sidelined always ,and always ignored ,and always disrespected. It seems there is an attempt by RUssian government now ,of moving in that Direction.. with their import substitution but seems very timid and too little .It seems for me that Putin is wrongly expecting that economic hardship in Europe for following American sanctions  ,will be "too much " for europeans and suddenly change overnight and move into a Russian alliance, but im afraid , if thats their strategy ,they will be waiting forever.

    All said , people expecting BRICS to be what "kills America" or "Helps Russia"  to diminish American financial Domination in the world and lure away Europe from US" ,will be in for a major disappointment.  Because that will never have a chance ,to ever replace US dominating role ,in the world , and will only become at best more like a pressure on US dollar .That is reduce americans magic ability to never ending increase its debt without negative consequences. but nothing else.

    The only way out of Russia to stop sucking and avoid being isolated totally from the developed world.. in the west.. Is for Russia to Europeanize Asia.. This is.. IF Russia refuse to compete
    with Americans and take the lead in the world.. Then the other only alternative will be for
    Russia to compete with americans at the Asia continent level.. and turn Asia major economies
    into a very modern and developed continent . and its quality of life too ,to be no inferior to the western one. Turn Asia into a single united force. With their own Internet , united military/defense not just to fight extremist ,as Russia see it now. but to counter AMericans/NATO too if they threaten with wars an allied nation or that threaten their interest.

    Back to reality ,This "Asian integration" at the level US/EUrope have.. will never happen
    . it will go against Russia own identity ,that was made by Russian Tzars..,This means instead of integration between Europe and Russia.. like Peter the great/Catherine wanted.. it will mean open Borders between Russia and Asia . And There is something called skin color and very drastic culture differences ,that will make it near impossible for most of Russian society to become part of them.  This is not even mentioning the religion part..  Russia have problems of
    integration with their own Republics because religion.. imagine now integration with a foreign
    nation like IRAN.. that worship an ayatolah.. or India that worship several gods..and animals. etc. All said .. the only real practical alternative RUssia society have to secure its future is becoming itself a real alternative to USA for the European society that is...  that is start an industrial revolution ,and compete very well with any popular thing that Americans produce and Europe wants..so that Europe no longer will have a need of such destructive relationship with US in order to not lose their business ,a relation that have turned the world into a very destructive world of chaos that is today.


    Last edited by Vann7 on Tue Aug 11, 2015 8:42 pm; edited 5 times in total
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    Neutrality

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    Re: Russian Economy General News: #5

    Post  Neutrality on Tue Aug 11, 2015 7:31 pm

    I think it's pretty clear to anyone who's interested in geopolitics that these sanctions were a perfect opportunity to remove Russia as a global oil competitor. The situation in Ukraine and Crimea created a perfect reason for the US and EU to "punish" Russia. There was no other way to do it "legally". The most important thing that they forgot though is that Russia can play this game too and considering for a moment Russia's history and its resilience, in the long-term it will be them who will bear the consequences.

    Sow the wind, reap the whirlwind.
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    KoTeMoRe

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Tue Aug 11, 2015 7:51 pm

    Vann7 wrote:
    Not an economist , but i don't think if Europe goes tomorrow and lift all the sanctions on
    Russia ,tha Russia will be able to "pass the page" and start buying European products again..
    Russia was forced to invest heavily on its agriculture and forced into an import substitution
    program from western technology ,not only creating local technology but using alternative one
    from EuroAsia.

    Actually the Russians would be welcomed in heartbeat. Look at Iran, "Terror sponsor",relatively lucrative market. Now think about Russia. See where I'm going with this? This is business. Will always be business.

    This means that it will take at least years before sanctions are lifted for Europe to regain
    the Russian market they had.. Because Russia is not going to throw away all the $billions invested on its agriculture and import technology substitution ,creating new companies ,for later
    go and sabotage their own local Industry ,by allowing Euopeans to continue business as usual.

    What would be great is that Europe ceases its subsidies on its Agro-sector. That would level the playing field. As it is, there's simply not much Russia can do to offset the price madness of Euro CAP. No matter how much modernization you put into it, Russia's labour cost will be greater than the CAP.

    So the way it looks.. unless something historical happens.. like Europe officially split from America, in the way of retaking its Sovereignty and power back ,and refusing to follow blindly
    any of their policies and something with bullet proof legal guarantees created ,like a free trade zone between Russia and Europe ,from Lisboa Portugal to Vladivostok..  With big economic penalties for violating the free trade pact..Then the chance of Europeans regaining the Russian
    market will be very small.

    A free trade zone as it is is self-defeating for Russia. The Russian sectors bar certain niche structures are all overmatched by their European counterparts. What is needed is to pinpoint areas where Russia can do damage and get back parts. As it is most of those areas are politically tied and clearly not open to competition. So Russia cannot before a total overhaul of its industrial structure allow that FTZ. It was that same issue that caused the Ukraine debacle.

    Europe wanting a backdoor in Russian market.


    Russia is paying the price of the very short sight vision of Putin , allowing its economic minister KUDRIN to first Westernisize the Russian market thinking AMericans were going to allow their Europeans economies to fully integrate with Russia ,something that could threaten the very existence of NATO without turning the world in wars first.. and creating revolutions at their borders.  It was not like there was no signs already?   Did anyone forget It was a US coup what
    removed Georgia Pro Russian president ,replacing him for a PRO US one?  Or how in Ukraine was as early as the 2,000s under a major NGO attack by US proxies ,creating a CIA-ultra nationalism anti RUssia movement? Yakunovych many forget was overthrow not one but TWO TIMES!!! already.
    .  

    What short sight. I can see I'm getting robbed, but if there's an army of them, and I'm on my dying bed what you think will happen if I try to nab the robbers? Same for Russia. Russia just got back on its feet. And you're asking it to start an MMA with half the top fighters. All at once. Do you understand that Politics at state level take decades?

    Meaning the US was not hiding its real intentions ever.. from Isolating Russia from the world..
    and was only expecting the best moment.. They simply take Ukraine and later most of Russian
    gas no longer could travel to Europe.. Is beyond incompetence ,just total failure ,to not have a Plan B ,in case what already happened in Georgia in 2008.. happens in Ukraine... and that today for example many warships in Russia defense industry depends on Ukraine gas engines..?

    Yeah well half of Europe depends on Spanish flaps for their A400M, guess what happens if Spain goes bust and Catalan Nationalists get the power? Same for a lot of projects. The idea however is that Ukraine was part of a former system, that Russia found beneficial to both. So did the Ukrainian MIC. At that point there was little fuss about who owed who. However the structure of Ukraine was a permanent challenge. It wasn't stable enough and it wasn't ready for the kind of economical beating it recieved these last two decades. This is also partly Russia's fault. Russia didn't picked an option since the beginning, mostly because the countries, once the Bandera BS and Nationalist crap on both sides drops, are basically the same fucking people. Not because of nature or culture (off course they play a great part) but mostly because of a forme Soviet system that has calibrated both people in the same mold (give or take). And this makes your assertion completely out of the mark. Russia needs a stable Ukraine, because that allows it to not loose badly to a behemoth of market like the Euro-Zone. That bet however, didn't count with the new wave of svidomites. And the rest is history.



    Russia is not now when they have to start seeking an import substitution,, but 20 years AGO..
    So Russia is late 2 decades..in this.. It should have been FUCKING CLEAR after the 90s ,for Russians ,that US intentions was to destroy Russia plain and simple.. after Yugoeslavia ,Serbia and IRAQ... and the increasing NGO operations in Russia and its Borders a the expansion of NATO to Russian borders.. IT should have been FUCKING clear for PUTIN after Georgia attack
    on Russia...what were the Americans aiming..  But they fucking waited for Americans to try a second revolution in 2013/2014 Ukraine and put CIANAZIS in power to actually ,to start an import substitution program..and start thinking in removing their dependence in Western Technology.

    Se above, Russia wasn't able to do that for obvious reasons, it's called economy for that matter.

    Americans seeks nothing but World Total Domination , and split of Russia in many parts , they simply dont accept any competition that stand in middle of Americans plans to install a military
    base in every nation in the world. and have all the laws in every nation being dictated by them and  have ZERO voices to oppose it..   So its really disappointing to see how Putin had all the power he needed in Russsia to turn Russia into Isolation proof country.. as USA today is. That
    can get the technology its needs internally with their own  Industries .. in case the world try to isolate them. But that Russia did nothing.. All Putin and Medvedev focused was to continue building more nukes as a "deterrence" modernize its military and trying to turn Gazprom into a world monopoly.

    America has already failed into that twice, I don't see they will "get there anytime". Insstead of rummaging the "Russian debacle", look at the US total and utter deliquescence in terms of geopolicy. They created a pit of chaos in the Middle East while their most direct competitor was gaining speed and steam. Now they're faced with a Russian dilemma which they can't solve. Empoverishing Russia isn't easy by now, for that you need also to greatly reduce their export advantage, and that unfortunately they can't really do. Because that would mean braking the world economy back to 2000 levels. That means that a lot of asset destruction will be desired. That kind of asset destruction can't come from a bubble, it has to be war. You really think the US is ready to go to war against Russia, on Russia's turf?

    So is a retarded policy.. Russia cannot be neutral nation in the world like India or China and expect later their interest to be respected... Everytime you see Putin complaining and complaining and complaining like a girl , the west did this ,the west did that.. and dont take them seriously ..but he is the biggest one to blame..for allowing Russia to become so dependent on the nations American economy have a real strong control..  From my view , the only positive
    thing about Putin is that he is patriotic..and united the country and good in diplomacy.. But his lack of vision is pathetic at best..  I really say Russia needs a new leader that can move Russia
    to a new level..  and that realize if they want to save Russia from a world war 3 , they need to become a much influential nation ,so much that Europe could see Russia as an alternative to USA.  But as know it is.. there doesnt seem to be any Hope for a better world ,until someone
    dethrone US auto imposed role leadership ,that they can backup with its dominating artificially created Economy ,that leads the world ,its Industrial power and military block.

    But you don't know how the next guy will behave either? China might be a lot more self centered and more open to dialogue, but it could also be a far pettier partner once on top. And that means this whole charade will swing back again. Simple.

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    max steel

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    Re: Russian Economy General News: #5

    Post  max steel on Tue Aug 11, 2015 8:05 pm

    Vann7 where are you from ?

    Vann7

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    Re: Russian Economy General News: #5

    Post  Vann7 on Tue Aug 11, 2015 8:31 pm

    max steel wrote:Vann7 where are you from ?


    Used to live in USA.. but no longer there.. now live in latin america..
    Have friends pro US and anti US.. so i know both sides of the coin.. Smile

    And im not "anti-american" as many will think.. only anti-injustice . World could
    be a far more fair place if it was more balanced and the most developed nations
    be more independent.
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    GarryB

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    Re: Russian Economy General News: #5

    Post  GarryB on Wed Aug 12, 2015 5:49 am

    And Russia have no choice , but to become a real Super dominating power like USA is.. or become sidelined always ,and always ignored ,and always disrespected.

    The simple fact is that before the US perverted the world order there was never a single country that dominated the whole world, and hopefully in the future there wont be another one... it is not healthy for the dominating country or the world that is dominated.

    Having Russia dominating the world the way the US tries to now would be no better for the world than the current situation. Might is right is not a good way to regulate things, and you don't save people by bombing them.

    Hopefully the US dollar will stop being the standard international currency and the US wont be able to just print more money when it needs it... and the US will have to work and pay off its debts like all other countries.

    I hope there is no huge crash for the US, because that will mean suffering.. and not for the rich fuckers who caused all the problems... they will likely flee to countries like New Zealand or Australia with all their money... We will be ready for them....  Twisted Evil

    Would also add that if the Polish minister objects to the destruction of food being illegally imported into Russia then perhaps the solution is for Poland to stop the economic sanctions against Russia that created the food embargo in the first place.

    After sourcing food from all sorts of new places including central and south america, asia, and africa I suspect when the food embargo stops that Russia will have rather more food options than they have ever had before, including domestic sources and getting their market share back might not be so easy.

    Perhaps a tarriff could be applied when the embargo is ended to the food produce of countries that impose sanctions on Russia as a future penalty. the income generated by the tarriffs can be used to create a fund to reimberse those Russian entities who suffer under previous and future sanctions, and to undermine government support EU food producers receive to make them more competitive.

    I know for a fact that here in New Zealand the government might help farmers for floods or droughts or severe winters but otherwise the farmers are on their own, which makes it harder for them to compete in world markets. I know that the US limits our imports of beef to protect their farmers. Our moderate climate means we don't need to have indoor facilities for animals during the winter.

    Austin

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    Re: Russian Economy General News: #5

    Post  Austin on Wed Aug 12, 2015 7:43 am


    Austin

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    Re: Russian Economy General News: #5

    Post  Austin on Wed Aug 12, 2015 8:53 am

    Russian Saving rate is going down it stands at 23 % in 2014

    http://www.tradingeconomics.com/russia/gross-domestic-savings-percent-of-gdp-wb-data.html

    Should work out on saving , China for eg has saving rate of 49 % and India at more than 30 %
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    sepheronx

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    Re: Russian Economy General News: #5

    Post  sepheronx on Wed Aug 12, 2015 2:21 pm

    As much as it sucks, we need to understand that this is quarterly and by comparison of last year.  The final calculation is done next year or end of this year. For example, in 2008/2009 it was dropping between 5-9% but end of 2009 it calculated a total of 7-8% drop.

    One problem is that GDP nominal takes into the countries currency into consideration. Austins above graph is that (GDP nominal calculated in USD). What would the PPP be looking like? I imagine PPP would have dropped too, mainly due to inflation increase, but by how much? PPP makes more sense as now Russia is becoming even more self reliant than before.

    Anyway, this will help drive the gov to start really orientating their aim towards self reliance and domestic development. I mean, #1 complaint for GDP drop in second quarter is mainly to do with domestic consumers not spending, which is fault of nearly all forms of groups who told everyone about belt tightening. Well, CBR fault actually. And lack of cheap credit thanks to CBR is also helping in stunting growth. But it is how they are trying to help the currency.

    Austin wrote:Russian Saving rate is going down it stands at 23 % in 2014

    http://www.tradingeconomics.com/russia/gross-domestic-savings-percent-of-gdp-wb-data.html

    Should work out on saving , China for eg has saving rate of 49 % and India at more than 30 %

    One thing Russia is using is their savings for a lot of investment projects. Does it tie into this? Dont know. But when you are in a bind and needing to invest in domestic, then holding onto large savings isnt necessarily good.

    Both Russia and India seems to have real economies and both, even in troubled times, didnt resort to things like QE, like US, EU and China are using to keep themselves afloat. Which I find both interesting and worthy of appraise. One thing someone in Russia said that they could obtain gdp growth was QE and using it for cheap credit and investment purposes. CBR and rus gov refused.
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    KoTeMoRe

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Wed Aug 12, 2015 2:41 pm

    It's actually a very bad sign for a consummer based economy like Russia's in a time of crisis to have people save over a quarter of their income per capita.
    China for instance is difficult to asses, since the level of savings has plummeted, and the over half income is stronlgy biased by the overall performance of the companies (a lot of them family owned) and usually direct to account saving schemes for money already pre-planned to be spent on housing and education.

    Therefore it is very difficult to compare the kind of spending. The Chinese HATE credit. It's like a second death to them. In the meantime I don't know how Indians manage their savings, I would like to ask you Austin.

    The crisis makes things worse. With Russians having to fork more for the same level of quality of life. Those 5% drop from 2013 is pretty much in line with the RUB fall.
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    sepheronx

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    Re: Russian Economy General News: #5

    Post  sepheronx on Wed Aug 12, 2015 3:07 pm

    Yes, but tightening the belt makes it even worst than rouble value drop. India is also a consumer based economy and there was a time the rupee was 10rupee/1USD. Credit is also something almost none existant for most unless you are already semi wealthy. Most dont even have a credit card - at least villagers for that matter (I know this through my wife) and although Indian GDP nominal isnt rrally high (PPP it is very high), it still chugs along and continues to grow. Russian CBR was stupid enough to push the whole mantra of "dont spend. Save" when we all know what that leads to. At least agriculture industries will help Russia grow as people cannot stop eating.

    BTW, with minimum wage increasing by 7% in Russia this year, I imagine people will start spending again.
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    KoTeMoRe

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    Re: Russian Economy General News: #5

    Post  KoTeMoRe on Wed Aug 12, 2015 5:34 pm

    sepheronx wrote:Yes, but tightening the belt makes it even worst than rouble value drop. India is also a consumer based economy and there was a time the rupee was 10rupee/1USD. Credit is also something almost none existant for most unless you are already semi wealthy. Most dont even have a credit card - at least villagers for that matter (I know this through my wife) and although Indian GDP nominal isnt rrally high (PPP it is very high), it still chugs along and continues to grow. Russian CBR was stupid enough to push the whole mantra of "dont spend. Save" when we all know what that leads to.  At least agriculture industries will help Russia grow as people cannot stop eating.

    BTW, with minimum wage increasing by 7% in Russia this year, I imagine people will start spending again.

    I actually doubt India has the same issues like Russia. India has for a good part of the workforce 20th century issues. They have half their workforce in the Agricultural sector which puts the level of saving and investment at a very specific situation. Most of the Agro-Workforce are daily callers and hands, which makes them very fragile, therefore the saving schemes are a SHTF type of plans, with very low yields (if any). The rest of the workforce though has a very schizophrenic relationship to savings, most of the high class tends to have unproductive saving schemes but very interesting investment (albeit conservative), the bulk of the productive savings are made by the middle class. Just like...the Rest of the capitalist World.

    Tightenig the belt is a natural, albeit bad, withdrawal reflex. Like most things human, we don't fare very well under pressure.




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    Re: Russian Economy General News: #5

    Post  Vann7 on Wed Aug 12, 2015 5:45 pm



    I hope there is no huge crash for the US, because that will mean suffering.. and not for the rich fuckers who caused all the problems... they will likely flee to countries like New Zealand or Australia with all their money... We will be ready for them....


    Neither i think a dollar crash is the best way to get rid of US gov Mafia in power and
    they having hostage half of the planet..  The best way for Russia to deal with America
    is not making more nukes , and spending in countless warships.. instead Russia needs to
    become a very prosperous nation and invest very heavily on in education system.. The way
    for Russia solve its constants attacks and sabotage of Americans and close allies is by becoming
    a leader in technology and science and create an industrial revolution.. So that Russia becomes synonymous of the leading power in technology ,entertainment and space... and high quality of life..  Only those things will open the eyes of Europe and realize they dont need to follow American policies ,that Russia is better than America and the future is with them.  

    With an Independent Europe ,with a close business alliance with Russia ,it will be impossible for US NATO to exist.. impossible for their Imperialism to continue..and will just become ,just another regional power ,and will need to respect international laws for first time or else become isolated..  Europe choose is destructive path , of following US destructive policies ,only
    because they do not see other alternative to American Business.. Greece choose austerity ,because they dont see Russia as an alternative to European Business that are close to American business..  Had Russia had a very successful Business Industry with a very developed
    nation ,not just military ,or space ,but the entire nation..things will be really different , it will be
    a difference world.. And Russia will stop Americans wars and NATO without firing a single shot..
    Russia becoming the most successful modern and developed nation is the most peaceful ,easy
    way to end US imperialism and their world destructive policies. This is why i become upset
    when Russia cut funding in the things that could allow Russia to become a more attractive nation for the world .. like its space program.. BUilding a large navy or more nukes will have zero influence with the west.. Is actually Dangerous Russia policy ,because they are basically
    preparing for a war.. instead of becoming a more influential nation in the world and avoid even the idea of it.   What will be more influential.. 30 new stealth warships? or Russia landing in a manned program to Jupiter moons? and Mars?  i say the later..  Is shocking how no one in the Russia government advice Putin  that their main problem is an influence problem.. and not Americans missile Shield in europe or NATO..  Russia cannot continue being a second rate power and start becoming as influential is not more than USA.. This does not means to become an empire.. only means to become the most attractive modern nation in the world.. to live and to make business for Europeans.. that is.

    when you look at things from distance ,the whole thing , the problems Russia face are that they are flirting with Europe , to get them away of American orbit.. but that they do nothing to be taken seriously. Other than a need relation of cheaper Gas..and cheaper taxi to space.. but nothing else.. You never see African Maidans.. or Middle east maidans or Asian maidans..
    no one wants to be closer to undeveloped nations.. the whole EuroMaidan will have never happened at all.. and its civil war. had Russia was seen as a very Modern and developed nation better than US and Europe and the future..


    Last edited by Vann7 on Wed Aug 12, 2015 6:00 pm; edited 1 time in total

    Austin

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    Re: Russian Economy General News: #5

    Post  Austin on Thu Aug 13, 2015 6:21 am

    A Year Under Sanctions - Here is How Russian Banks are Faring

    Asian capital markets could become an outlet for Russian banks, but in the long run. The fact is that Asian investment bankers are afraid to work with banks subjects to sanctions because it may mean sanctions for them as well. For example, the US Treasury has done the same thing with the Iranian banks’ counterparties.

    Analysts fear that the sanctions could be extended indefinitely. The banks could withstand one or two years in the mode of severe restrictions, but a 10-year break in relations would lead to serious consequences. “A further extension of the sectoral sanctions will lead to the isolation of the banks. We will slowly come to a planned economy. It will no longer be a market,” TASS’s source from one of the top-30 banks said. According to the source, dependence of banks on the Central Bank and the state will grow as the sanctions are extended.

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    Re: Russian Economy General News: #5

    Post  Austin on Thu Aug 13, 2015 1:39 pm

    I guess if Russia has to move towards a planned economy then they will have to curb capital acocunt convertibility of rouble and stop free movement of capital to prevent capital outflows

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    Re: Russian Economy General News: #5

    Post  Austin on Thu Aug 13, 2015 1:40 pm

    Recent Declines in Ruble Will not Derail Russia's Recovery

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