Russian Economy General News: #11

kvs wrote:

miketheterrible wrote:It was thought up of much earlier (30's) but surveyers didn't complete in 1974.  Guess that is where I made a mistake.

Sorry if I sound harsh, it is hard to convey sentiment via email and board posts.

There were Stalinist projects that never got completed because the technological and industrial level were not that high and
the demand was not there.   In particular this project:

https://en.wikipedia.org/wiki/Northern_Latitudinal_Railway

The project is massive considering that it is going through permafrost.   They can't just put down some gravel and rails.

im aware, I just wasnt aware though that surveying took that long. But hey, at least its complete and that is what matters.

What are the chances that ASEAN signs a free trade with RCEP?


A decent article how President took out the greedy assholes.

"It was during the purge of oligarchs and vulture capitalists that the true power behind Mikhail Khodorkovsky emerged. When it became likely he would be arrested, he arranged to have all his shares from the Yukos Oil Company transferred to the ownership of Jacob Rothschild. The transfer took place in November of 2003, giving Lord Rothschild control of shares estimated by the Sunday Times to be worth $13.5 billion. Putin subsequently liquidated and nationalized Yukos by seizing and selling off its shares to state oil companies at much below market value.

So Putin has declared war on the most powerful people on the planet."




https://thesaker.is/putin-expels-the-families/

par far wrote:What are the chances that ASEAN signs a free trade with RCEP?

Just signed, early this week.
But it will take a while to get into effect due to the rectification process of each parties.

https://asean.org/asean-hits-historic-milestone-signing-rcep/

zepia wrote:

par far wrote:What are the chances that ASEAN signs a free trade with RCEP?

Just signed, early this week.
But it will take a while to get into effect due to the rectification process of each parties.

https://asean.org/asean-hits-historic-milestone-signing-rcep/

Sorry I meant to say EAEU.

Will the EAEU sign a free trade agreement with RCEP?

par far wrote:

zepia wrote:

par far wrote:What are the chances that ASEAN signs a free trade with RCEP?

Just signed, early this week.
But it will take a while to get into effect due to the rectification process of each parties.

https://asean.org/asean-hits-historic-milestone-signing-rcep/

Sorry I meant to say EAEU.

Will the EAEU sign a free trade agreement with RCEP?

Well, the RCEP itself takes 8 years to negotiate, The draft comes with some caveat for smaller countries like Laos or Cambodia to make them not end up in severely disadvantage position, Even then India still decide to pull off in last minutes for not beneficial enough.
Free trade deal between EAEU and all RCEP partners will be even more tedious negotiation, if ever happen at all.
FTA between EAEU and some individual country seem a lot more feasible.

zepia wrote:

par far wrote:

zepia wrote:

par far wrote:What are the chances that ASEAN signs a free trade with RCEP?

Just signed, early this week.
But it will take a while to get into effect due to the rectification process of each parties.

https://asean.org/asean-hits-historic-milestone-signing-rcep/

Sorry I meant to say EAEU.

Will the EAEU sign a free trade agreement with RCEP?

Well, the RCEP itself takes 8 years to negotiate, The draft comes with some caveat for smaller countries like Laos or Cambodia to make them not end up in severely disadvantage position, Even then India still decide to pull off in last minutes for not beneficial enough.
Free trade deal between EAEU and all RCEP partners will be even more tedious negotiation, if ever happen at all.
FTA between EAEU and some individual country seem a lot more feasible.

India pulled out because Modi was sucking up to the US. Modi's Hindu fascist Nationalists will destroy that country.

kvs wrote:Free trade is an American imperial fetish.   The concept is stupid since it allows large foreign companies with economies of
scale to suppress competitors in other countries.   America loves to have this top dog staying on top forever regime.   Russia
and most countries do not need it.   So import controls need to exist and allow co-development instead of domination.

Free trade is an Imperial British invention that America soundly rejected in the 19th century as did Germany. That is how America built its industrial base. America only became a proponent of free trade when it essentially evolved into the successor of the British Empire.

Does anyone know if the Sakhalin bridge is still on track for 2021 start?

Free trade does not exist when sanctions are imposed on Russian and Chinese companies.

Particularly clear with 5g networks where the US is behind China so claims China might be doing what everyone knows US companies are doing (ie spying on everyone) and demands they be banned.... can't beat them... sabotage.

It bans it... if it can't buy it...

How is the Dow breaking records when millions of people in Murica are jobless?

par far wrote:How is the Dow breaking records when millions of people in Murica are jobless?

The most important determinant of stock prices is liquidity - how much money is chasing how many shares. The normal alternative to stocks is debt. In a world of near zero or negative interest rates not much competition; hence the multiples and prices get bid higher and higher. The game of musical chairs cannot go on forever...something has to give in the end and that something will be the US dollar. It is one reason you are seeing bitcoin increase in value because (although it is certainly an imperfect assets) it has a defined finite supply. I am of the opinion that the people who control the global financial system know exactly what they are doing and the predictable outcome of their actions. The dollar will be replaced by a global cryptocurrency (not bitcoin).

kvs wrote:Bitcoin is just as vapid as the US dollar.   It is some fiat-like abstraction that is not tied to any economy.   So it is like using
art works or antique cars as currency.   Yeah, gold is like that too.   But at the end of the day only physical economies and
energy matter.

What I find interesting is that the Venezuelan military has now set up their own digital coin.

Send this a...hole the videos of russian cities developing in the last 20 years we have here in one thread. But he would propably believe that they´re fraud. "Russians can´t build roads or bridges."

yeah, It is rather hilarious.  I mean, there are so many examples and videos and pictures of cities, towns and even villages being upgraded.

If I was asked this question, my answer would have been:

- Well, its hard to upgrade all villages in just 20 years and only at best 10 years having any kind of money.  Especially since a huge portion of villages are dying and people are moving off to towns and cities, one has to ask what would be the purpose to modernize villages?  The method where companies are buying up the land, building mass farms and small villages of their own for employees, have worked out better - takes advantage of the land, creates work, and a modern living standard.  The others?  Well, all depends.  One has to actually give examples like names and location of areas rather than "I have seen....:"
- Out of 20 years, we have created a lot.  Not only are we re-industrializing, but we are also fixing the errors of the 90's - fixing the medical, education and overall institutions.
- Have you traveled to Omsk? Tomsk? Norilsk? How about Vladivostok or surrounding areas?  Plenty of development and modernization of living standards.
- Average Russian now makes much more than they ever have.  Plus, due to cost of living, our citizens have much higher amount of savings and along with a solid consumption rate that makes us less dependent on export and more on domestic needs.  While poverty exists, much is being done to fix it.  And there will never be able to fully fix it unless we get rid of capitalism and go back to communism where the unproductive and unwilling get to live lavish.  But that bankrupt us before.

There are plenty others, but as KVS said, he would ignore them.  Putin is right in saying to the reporter that the question was a lazy attempt of a political jab at them.  Obviously it didn't work but hey, that is what these morons (so called journalists) do.

To really jab back, I would say "We managed to build a bridge - largest in europe, for less money and less time than an airport in Germany".

Even the richest countries in the world struggle with urbanisation and the migration of young people from rural to urban areas looking for a social life and a job off the farm they grew up on...

It is not even a wealth/poverty thing, it is a social problem that bites hard when it comes to harvest times... but it is ironic in that it mimics western society where a small group of land owners need people to work their land to get the best productivity from it, but are not prepared to pay a decent wage to make their products more competitive. The result is often even their own children don't want to work for them... you get the Luke Skywalker effect...