Russian Economy General News: #12

Russian national projects soften investment decline in Russia in 2020, says expert

Russian Minister of Economic Development Maxim Reshetnikov announced on February 9 that the decline in investment in Russia at the end of 2020 is estimated at 4.3%, which is a "good result" in current conditions

MOSCOW, February 10. /TASS/. Implementation of national projects, in particular, measures within the framework of the Comprehensive Plan of the Backbone Infrastructure, could mitigate decline in investments in Russia in 2020, according to Head of the Center for Investment Analysis and Macroeconomic Research at the Center for Strategic Research (CSR) Daniil Nametkin.

Russian Minister of Economic Development Maxim Reshetnikov announced on February 9 that the decline in investment in Russia at the end of 2020 is estimated at 4.3%, which is a "good result" in current conditions. The Russian State Statistics Service has not yet published an assessment of investment dynamics for 2020. The latest data for 9 months of 2020 indicated a 4.1% decline in annual terms.

"This is consistent with other economic indicators at the end of the year: industrial production fell by 2.9%, freight turnover fell by 4.9%. Thus, a significant deterioration in the economic environment was superimposed on the internal structural problems of the Russian economy associated with insufficiently favorable investment climate. At the same time, implementation of national projects could mitigate the fall in capital investments in 2020, in particular, measures within the framework of the Comprehensive Plan of Backbone Infrastructure," Nametkin told TASS.

According to the expert, the low base of 2020 allows to expect an increase in investments in fixed assets in Russia by the end of 2021. According to the forecast of the Ministry of Economic Development, the figure will grow by 3.9% this year. In 2022 and 2023, investment growth is projected to accelerate to 5.3% and 5.1%, respectively.

https://tass.com/economy/1254817

AlfaT8 wrote:

calripson wrote:No, Russia's birthrate is experiencing the effects of the disastrous 1990s under Yeltsin - that missing generation is now the women of child bearing age and there just aren't enough of them.

What?!

Dude, it's not because there are not enough of them, it's because they aren't having enough kids.
Russia's Fertility rate is around 1.5~1.7, in order to have a stable population, you need a rate of 2.1 minimal.
This means that women in Russia still aren't having kids at the needed levels, because they are wasting their fertile years in Careers and other nonsense.
Unless Russia brings down the Hammer and put Women back in the kitchen, they are eventually F'ed.

half true ,half not so ,it all depends the angle of your reasoning, sending womens back to the kitchen ,wil not necessarily will want them to make babies , if for example the economy is stagnated ,salaries are low and cost of life high , you could end with a situation that is not desired at all, for example look at the world population statistics ,the african muslim countries and middle east and even russia muslim republics are the zones that experience the largest fertility rate ,that is incredibly high , up to 7 children per women average in countries in africa , and middle east ,like niger and yemen ,this have been historical standards , but as you see numbers of population does not automatically  transfer into a better economy. and in Russia case , womens in the kitchen who have a good education ,will understand easily as 1 2 3 , that having children with bad salaries ,in the middle of poverty is not a good thing ,so they will avoid them.  


So this "sending women to the kitchen" ,could end blowing back ,at the nation ,because the productivity will be a lot lower and those womens that stay home ,will not marry and not even have children ,so will be a total waste for the nation in terms of productivity ,on top you have a male population crisis , this appears to be hidden in the official numbers ,because every blog i see in youtube of russian girls ,they always tell the same thing ,they want to move out of russia because.
l

1)for better opportunities of grow for them
2)cold weather  of russia sucks , they are aware of much better weather in other countries ,
and they hate to have  8-10 months of snow ,nearly all the year.
3)Low population of mens.  

every single women of the dozens i have subscribed tells exactly the same thing , weather they are conservative or liberal ,pro putin or not , they all agree on this ,and this is what you see consistently
everywhere on the streets,in schools ,university , in restaurants ,in drink bars , you always see more womens  than men. and this can't be a coincidence. if you visit india which i also check bloggers ,is completely the other way , more men and very few women . I think russia gov hide their real numbers ,to not scare women and that they leave. but all this is speculation.

What Russia needs is a quality ,not quantity

top fertility rates nations.

notice how backwards outdated culture countries are the ones who highest fertility rates
but the less productive nations in the world.. those massive increase in population does not
helped them at all in becoming better nations.

Because like i said ,having a very large population ,that drop college and is uneducated , non pro ,
what you will get is a welfare nation ,a middle east ,or africa ,that more than half of the women population depends on social aid ,free money . Russia need a higher level of education period. return to the soviet union era of education ,if the state lacks of any originality to the develop its own , something even better , when society is poorly educated , they end in the streets protesting for every little thing , for "Democracy and freedom" , education and education and more education , so society learn to live without depending on the government for anything.  make English language and chinesse mandatory in every school from start to end . english for what? because the best written books in business ,education, entertainment and politics are in English. so a society that is having fun and enjoying life ,while having a good job ,or chasing a professional degree don't have time to complain or even less to go to a protest.


Is about quality and not about quantity . Look at Canada  or south korea ,nations with 20% the population of Russia ,that are more successful and more modern economy ,than russia's gas station,
that comes most of russia budget according to anton siluanov interview , with far superior quality of life per citizen than russia ,better roads and infrastructure across the entire country than russia.  

11. Russia
2019 Nominal GDP in Current U.S. Dollars: $1.70 trillion3
2019 PPP Adjusted GDP in Current International Dollars: $4.28 trillion4
2019 GDP Growth: 1.3%5
2019 Nominal GDP Per Capita in Current U.S. Dollars: $11,5856
Russia is the world's 11th largest economy, with a GDP of $1.70 trillion as of 2019, 1.3% higher than in 2018.1 Russia has moved toward a more market-based economy over the 30 years since the collapse of the Soviet Union, but government ownership of and intervention in business is still common. As a leading exporter of oil and gas, as well as other minerals and metals,

Russia's economy is highly sensitive to swings in world commodity prices.


12. South Korea
2019 Nominal GDP in Current U.S. Dollars: $1.65 trillion3
2019 PPP Adjusted GDP in Current International Dollars: $2.23 trillion4
2019 GDP Growth: 2.0%5
2019 Nominal GDP Per Capita in Current U.S. Dollars: $31,8466


South Korea, with a GDP of $1.65 trillion in 2019, is the 12th largest world economy.1 South Korea's economy is a 20th century success story that is today firmly established as an advanced, industrial economy. Known for its strategy of export-led growth and the dominance of its chaebols (large business conglomerates), in recent decades South Korea has built network of free trade agreements that cover 58 countries which account for over three-quarters of the world's GDP. It is a major producer and exporter of electronics, telecommunications equipment, and motor vehicles.  

https://www.investopedia.com/insights/worlds-top-economies/#12-south-korea

Russia is a land commodities based led economy ,this is economy 101 , the most basic form
of developing an economy , agriculture ,mining ,and oil and natural gas. this is like african economies , russia have basically not changed its economic commodities driven ,in more than 300 years . is the same thing ,with faster production and better tools ,but economy is the basically the same.  all that russia makes in taxi to space or nuclear reactors is a tiny part ,not revelant in the economy.

When you have a strong education system ,the end result will be people highly trained and prepared
to take the nation to the next level . and this is not just pretty words , but is how it is.
The problem however to do this in real practice ,is a problem of government standing in the way of this reforms. You cannot have a true education revolution in Russia ,when your government is run by fools and dumb people and the king of that fools is their president.  

if i was president of russia , i will have transformed schools and universities like religious temples ,
to worship knowledge and education , to worship science and technology , and human behavior studies , to worship common sense over religion ,whenever there is doubt ,common sense and people happyness goes first. Invest heavily on the education system ,instead of bullshit olympics and avenues , create amazing schools ,that everyone will love to go , with not only classes of science and maths and the usual classes , but also classes art and music , not only classical ,but also modern art ,and modern music  , transforms schools and unviersities in young people second home. with dormitory rooms in all of them ,showers ,swimming pools  with hot water, and gyms to exercise the fisical body.  

this early and very strong education system ,is what will promote the 21 century post industrial revolution that russia needs. but putin have been wasting 20 years of his life , developing russia
in a backwards way , as a follower of the american world , now is byting dust ,because surprisingly
not ,the american system was never designed for the benefit of russia. so what putin was trying to do is imposible ,to prosper and grow in a system designed by the west , to help them consolidate its hegemony and to bring down any competition.

Did i said that russia biggest problem is a leadership crisis?  
All Russian major problems ,that they face ,is that russia is a leaderless nation ,Putin is a manager ,
but not a leader , and to make things worse ,he lacks of energy and enthusiam to inspire the russian population to be spectacular in their jobs. The root of all russian problems is a leadership issue, a motivation issue . if you get the correct motivators ,the correct leadership in power ,you will have hundreds of millions of people ,like an army ,moving the entire country to make the economy not only to work ,but to be fantastic . not only a "stable" nation ,as putin always say he wants.. but to transform russia in the most developed and fantastic nation in the world. But for such a thing to happen ,you need first leaders that knows , their own capabilities first . Russia government cannot teach others ,what they don't know themselves.   So as long russia is ruled by backward thinkers
that look to the past ,to get any inspiration , then russia will continue being a punching bag of the west ,and will continue influencing the young generations in russia ,to oppose their government.


Summary of what russia needs...
1) Russia have a leadership crisis , putin needs to either resign or hire competent people
to do the most important thing about this job ,that is to inspire ,to motivate all population to take
control of their lives and not depend on the government ,to take russia to the next level.
2) long term.. russia needs an education revolution , with focus on science ,mathematics and research on human behavior ,human development , and transform schools and universities into society second home ,and their favorite place to be. fully equipped with all things ,for young generations to get education . that is the state becomes like a parent when it comes to education
and their real biological parents role will be the emotional side and assistance to the government in their protection and security.

3) short term , russia needs to digitalize the economy 100% , like china . all payments done using smartphones ,and heavily promote small business ,that every home in russia become a business , there is always something people have in their homes ,that they can sell they don't need or something a family can teach on the russian internet and live from donations and sposorship . something similar to what google is doing ,with youtube , that people make money ,creating content. for example a mechanic can make extra money teaching other how to repair their cars.. or a grandma can make money showing how to make a cake.

this digitalization of the economy will tremendously help and motivate russians to create their own business , and don't depend on the government for anything. and also improve the nation security too , because whenever you buy anything , the government will know where society did the transaction. right now this is happening already ,google is doing this , and this is from where all the liberals in russia get their money . google ads, monetize russians for speaking badly about their government , Russia government needs to digitlize its economy and promote small business . this
will have a big impact short term ,because will allow people to start a business ,without investing a single dollar on the business, just monetize their teaching on how to do anything on the internet or those that simply produce content for entertainment , can make money from advertisement.

Guys, i have been trying to find Russian Gold/Silver bullions, i had found some coins at APMEX, but not much else.

Anybody got any ideas?

Russia Vs Jewish Capital


https://www.stalkerzone.org/russia-vs-jewish-capital/

Sad, why are Russians so obsessed with regulations and taxes.
They seem to have problems with Free-market and private property on this issue.
I wonder if Jewelry is also regulated like this.

Your thoughts guys.

Vann7 wrote:

AlfaT8 wrote:

calripson wrote:No, Russia's birthrate is experiencing the effects of the disastrous 1990s under Yeltsin - that missing generation is now the women of child bearing age and there just aren't enough of them.

What?!

Dude, it's not because there are not enough of them, it's because they aren't having enough kids.
Russia's Fertility rate is around 1.5~1.7, in order to have a stable population, you need a rate of 2.1 minimal.
This means that women in Russia still aren't having kids at the needed levels, because they are wasting their fertile years in Careers and other nonsense.
Unless Russia brings down the Hammer and put Women back in the kitchen, they are eventually F'ed.

half true ,half not so ,it all depends the angle of your reasoning, sending womens back to the kitchen ,wil not necessarily will want them to make babies , if for example the economy is stagnated ,salaries are low and cost of life high , you could end with a situation that is not desired at all, for example look at the world population statistics ,the african muslim countries and middle east and even russia muslim republics are the zones that experience the largest fertility rate ,that is incredibly high , up to 7 children per women average in countries in africa , and middle east ,like niger and yemen ,this have been historical standards , but as you see numbers of population does not automatically  transfer into a better economy. and in Russia case , womens in the kitchen who have a good education ,will understand easily as 1 2 3 , that having children with bad salaries ,in the middle of poverty is not a good thing ,so they will avoid them.  

Bhhahaha, how did i miss this.

Listen, i am not talking about "Quantity, Quality" nonsense, you want a stable population,... yes.
Then get this through your skulls, you need Patriarchy, get Women out of schools, get them out of careers, and get them back in the kitchen.

You know why these very underdeveloped countries have high fertility, because women don't have much of an option in these places.
They are not underdeveloped because of their population, they have their population BECAUSE they are underdeveloped.
Numerous papers were written on the issue of overpopulation in Africa, do you know what the answer was to counter it, it was Women's rights, education and of course careers.
So what do we in the West do, when we are facing a declining population, the answer is CRYSTAL clear, but people don't want to admit it, because Egalitarianism is the Holy Sacred Cow of the West.

Your GDP, PPP, development, all can be as great as you want, but when your population is constantly in decline, then it is just a party that is going to crash when said fertility reaches critical decline.
And guess what happens when you don't have a population to pay into your Welfare state, total collapse or Mass immigration, there are no 2 way around this, only delays.

AlfaT8 wrote:Sad, why are Russians so obsessed with regulations and taxes.
They seem to have problems with Free-market and private property on this issue.
I wonder if Jewelry is also regulated like this.

Your thoughts guys.

Regulations exist for a reason. If it wasn't for regulation, then the gold and other precious goods would be taken and then moved abroad. This has happened in the past and still happening in India till they decided to put heavy taxes.

Taxes also exist because it brings money to the budget that helps develop the economy, duh.

Look at the glorious free market of the United States or even Canada - Roads are shit, infrastructure falling apart, and privatized everything so it all costs a small fortune.

kvs wrote:That is overly harsh.   The problem is that women have been indoctrinated into the feminist cult.  They have a perverse
ideology where men are the enemy and they think that male-dominated society is a nightmare of oppression.   This nonsense
is destroying marriage and families.   "Liberated" females ride the cock carousel into their 30s when they start losing fertility.
They expect to find the perfect husband, aka slave, by the time they are hitting their 40s.   Feminists have reduced men
to objects and only care about their wallet.   No normal male should ever associate with a feminist.  

I get where you are coming from kvs, i have heard this argument from numerous TradCon/Centrist voices, and i just don't see it as such.
This isn't simply because of Feminism, Feminism is nothing more than the Vanguard as well as the Scapegoat to Women's behavior in general.
I believe that that is just another way of trying to blame anything else, but Women themselves.

I have come to the conclusion that Women are just a product of their environment.
In the environment of Women's Rights and Egalitarianism, in general you will inevitably create Feminism and all it's subsets.
Leading to the Suppression of Men's rights of private property with the eventual end goal of Socialism and in the end, the Ruin of your society.
I am watching this unfold as we speak.

The only solution is a return to Patriarchy, no matter how i see it, without the suppression of Women's freedoms their is no path to solid fertility.
Only decline and delays.

miketheterrible wrote:Regulations exist for a reason.  If it wasn't for regulation, then the gold and other precious goods would be taken and then moved abroad.  This has happened in the past and still happening in India till they decided to put heavy taxes.

Taxes also exist because it brings money to the budget that helps develop the economy, duh.

Look at the glorious free market of the United States or even Canada - Roads are shit, infrastructure falling apart, and privatized everything so it all costs a small fortune.

How silly, instead of regulating every bar that gets traded it would make more sense to just regulate how much is supplied to the Bullion market instead.

If you want to promote a dollarless economy, then it would be best not to tax one of the best alternatives to the dollar.

Yes, that's why people are buying Bullions for when SHTF, sadly Russia is actively preventing this, forcing people to put their savings in dollars.
This all just looks like old Soviet habits dying hard.
And i am talking about this Bullion issue, i don't see how the Wests terrible management has anything to do with this.

https://mondestuff.com/world-news/putin-announces-total-independence-from-rothschild-controlled-us-dollar/

Leaving this here for more knowledgeable members to comment on.

Is this article (reasonably) accurate? Or clickbaity bullcrap?

Putin Announces Total Independence from ‘Rothschild-Controlled’ US Dollar



In a statement about the news, Mr. Putin said his country is finally free from the “icy grip” of the Rothschild banking cartel and New World Order cabal.



Two years previous, President Putin prohibited Jacob Rothschild and his New World Order banking cabal from operating in Russian territory “under any circumstances.”

Now, following his current election success, Putin has vowed to continue “unburdening” Russia’s economy from the dangerous monopoly of the US dollar in order to guarantee Russian sovereignty in an increasingly globalized world.

Addressing the Russian Parliament following his inauguration, Vladimir Putin said that stating “total independence” from the worldwide banking cartel and Rothschild global money providing organizations would be the “biggest gift” he could provide to future generations.

“We used to behave naïvely, but now we see that the WTO [the World Trade Organization] rules are all too often broken, the restrictions are imposed for political reasons, which they call sanctions. Plus more and more of them are imposed to secure its favorite competitive advantages,” Putin said.



He stated that the brand-new “constraints,” breaking the world trade principles, make the world see that monopoly of the United States dollar threatens for many areas.Putin says he’s freed Russia from dependence on the US Dollar

According to the Russian leader, de-dollarization needs to be promoted on principle, in order to protect the country’s sovereignty.

The Rothschild-controlled US Dollar
While Putin did not call an alternative currency, it is thought he is against any currency ending up being a quasi-world currency– specifically if that currency is pushed by the Rothschild’s International Monetary Fund and WTO.

“They said we could not do it, they said we would be destroyed,” Putin told personnel and senior associates at an event last year.

“Our future generations will be born without Rothschild chains around their wrists and ankles.

“This is the best present we can provide.”

Russian Finance Minister Alexei Kudrin likewise spoke at the occasion and applauded Putin’s accomplishment in driving the Rothschilds out of the country.

“They do not go quickly,” Kudrin stated.

“But we have shown it is possible.



“The greatest tradition that can be passed on to your kids and grandchildren is not cash or other material things built up in life, however, rather a tradition of liberty from enslavement.”Putin declares Russia to be finally free from the ‘icy grip’ of Lord Jacob Rothschild

By making the last payment on all the former Soviet republics debts to the world’s central banks– making Russia the first nation to set itself totally free from the oppressive grip of the New World Order’s banking system– Putin has actually made sure future generations of Russians will not live in financial obligation slavery to the globalist cabal.

It is understood that the Rothschild banking racket was a noose tied around the neck of the Russian economy.

When the knot was tightened up, the economy would struggle and choke.

The International Monetary Fund (IMF) and World Bank have been major players in the global financial landscape ever considering that their creation in 1944.

These international banking organizations, which are independently controlled by the infamous Rothschild banking family, first pressure nations to decontrol their financial sector, permitting private banks to loot their economies.

Once the governments are forced to bail-out their deregulated monetary sector, the IMF or World Bank establishes a loan package composed in secret by central lenders and finance ministers that undermine their national sovereignty and require them to embrace policies of austerity that damage employees, families, and the environment.



Russia was the first country to grow wise to the ploy.



They have actually worked extremely hard to gain monetary self-reliance and have subsequently finished the process of kicking the Rothschild-managed banks from their nation.

Putin’s plan
Early in his presidency Putin made a priority of unifying Russia socially, spiritually, and financially. He ordered the arrest of the Rothschild backed oligarch Mikhail Khodorkovsky who had actually made Rothschild, Henry Kissinger and Arthur Hartman directors of the Open Russia Foundation.

Last year Putin advised his cabinet that he was handling the Rothschilds and globalist banksters by “grabbing them by the scruff of the neck and kicking them out Russia’s back door.”

“They do not own the world, and they do not have carte blanch to do whatever they desire.

“If we do not challenge them there will be other problems. We will not be bullied by them.”

elconquistador wrote:https://mondestuff.com/world-news/putin-announces-total-independence-from-rothschild-controlled-us-dollar/

Leaving this here for more knowledgeable members to comment on.

Is this article (reasonably) accurate? Or clickbaity bullcrap?

Looks like total Clickbait.

Putin is not someone who reveals his hand like this.

It looks like a lot of patched together quotes, topped of by insertions that he was referring to the Rothschilds, too much missing context.
So i can't take it seriously.

I am gonna have see video evidence to believe this stuff.

AlfaT8 wrote:

kvs wrote:That is overly harsh.   The problem is that women have been indoctrinated into the feminist cult.  They have a perverse
ideology where men are the enemy and they think that male-dominated society is a nightmare of oppression.   This nonsense
is destroying marriage and families.   "Liberated" females ride the cock carousel into their 30s when they start losing fertility.
They expect to find the perfect husband, aka slave, by the time they are hitting their 40s.   Feminists have reduced men
to objects and only care about their wallet.   No normal male should ever associate with a feminist.  

I get where you are coming from kvs, i have heard this argument from numerous TradCon/Centrist voices, and i just don't see it as such.
This isn't simply because of Feminism, Feminism is nothing more than the Vanguard as well as the Scapegoat to Women's behavior in general.
I believe that that is just another way of trying to blame anything else, but Women themselves.

I have come to the conclusion that Women are just a product of their environment.
In the environment of Women's Rights and Egalitarianism, in general you will inevitably create Feminism and all it's subsets.
Leading to the Suppression of Men's rights of private property with the eventual end goal of Socialism and in the end, the Ruin of your society.
I am watching this unfold as we speak.

The only solution is a return to Patriarchy, no matter how i see it, without the suppression of Women's freedoms their is no path to solid fertility.
Only decline and delays.

miketheterrible wrote:Regulations exist for a reason.  If it wasn't for regulation, then the gold and other precious goods would be taken and then moved abroad.  This has happened in the past and still happening in India till they decided to put heavy taxes.

Taxes also exist because it brings money to the budget that helps develop the economy, duh.

Look at the glorious free market of the United States or even Canada - Roads are shit, infrastructure falling apart, and privatized everything so it all costs a small fortune.

How silly, instead of regulating every bar that gets traded it would make more sense to just regulate how much is supplied to the Bullion market instead.

If you want to promote a dollarless economy, then it would be best not to tax one of the best alternatives to the dollar.

Yes, that's why people are buying Bullions for when SHTF, sadly Russia is actively preventing this, forcing people to put their savings in dollars.
This all just looks like old Soviet habits dying hard.
And i am talking about this Bullion issue, i don't see how the Wests terrible management has anything to do with this.

Why would the Russian state be interested in people holding gold and silver, vs holding Rubles?  De-dollarization in gold/silver isn't exactly what you think it is. Russia's Ruble isn't tied to really anything but a currency that floats based upon speculations than it is based upon resources and or industrial strength.

If Russians dumped Rubles and buying gold/silver will help tank the Ruble thus hurting the Russian budget/economy overall.  Average Russian doesn't hold USD and or Euro's.  These are rich people.  They wont be buying Gold/Silver either.  So instead, they will dump their dollars in a de-dollarization form into other investments - cryptocurrency, property, etc.  If they do dump in Gold and Silver, the taxes will benefit the Russian state as it means more tax money for them.

Other issue is people moving said physical assets like gold and silver outside of the country.  Major issue in India hence why the change in the law of it.

Silver and Gold are a finite product.  If they just let everyone to buy it, then the state will have nothing itself to use as leverage.  Hence why the state is more interested in having the Gold for themselves then the people.  The average person on the other hand has no real purpose to hold onto Gold or Silver rather than a fiat currency because you cannot walk into a store and exchange the gold or silver for food.  The Russian government, like every other government around the world, wants their population to use the state currency than a metal.

Instead, Russia should be enticing its citizens to buy Russian stocks and look towards a Russian crypto coin.  Metals is a heavily controlled market.

I'll reiterate - Russians buying gold or Silver has nothing to do with De-dollarization.  Instead it has to do with or if Rich people buy into it or not.

elconquistador wrote:https://mondestuff.com/world-news/putin-announces-total-independence-from-rothschild-controlled-us-dollar/

Leaving this here for more knowledgeable members to comment on.

Is this article (reasonably) accurate? Or clickbaity bullcrap?

If true (ie not just the fevered imaginings of some scribbler) then it is indeed huge. national leaders simply don't even acknowledge the existence of the caballistic nature of the House of Rothschild, let alone call them for the thieving scum they are, or show them the extended middle finger.

As much as I fervently want to belive this at face value, i'll need to see this confirmed by other, more "official" sources.

kvs wrote:As long as the Russian government does not follow the money printing policy of most western governments its fiat will be good enough.
Nixon moving off the gold backed dollar standard lead to problems which do not automatically develop everywhere.   The Russian
government has shown way more fiscal restraint even without any leash on it in the form of gold backing.   The desire to dump
fiat and get gold and silver instead is not a big thing in Russia, unlike in the USA.  

The total money in the national economy is not fixed and floats together with the size of the GDP.   As pointed out above, gold is
finite so over time it will be spread thin if every unit of paper currency was to be backed by it.   Paper currency serves the purpose
of an abstract medium of exchange.   It should not carry any value aside from this function.   That is why using gold and silver coins
is a bad idea since people will just hoard these coins or strip some fraction of them.   Real wealth over time is in assets other than
cash.

My view is that golds primary function should be as the basis of an international trading currency used to facilitate foreign trade on an equitable basis, specifically designed to be unaffected by the deliberate debasement and value manipulation of national currencies (such as the degenerate USD).  

The concept as I envision it is quite simple - prices on international trades are negotiated in a gold-backed trading currency of the buyer/sellers choice (eg, 1,208 "Putins" ). The buyer then uses their local currency to purchase that quantity from a brokerage (for minimal fees as mandated by gov regulations, sufficent to cover only the real cost of the transaction) according to the prevailing FOREX rate. Once the account is settled, the seller then sells that trading currency in exchange for their choice of national currecies, again at prevailing rates. An essential part of this system is that the gold-backed currency cannot be retained by either party - it MUST be transacted as intended.  It use is transitory, and SOLELY as a medium to conduct trade. Any other uses (eg short-term speculation) are STRICTLY FORBIDDEN.  

The beauty is that the gold-backed currency has an intrinsic value based on gold price, and currency supply is limited by gold supply, thereby ensuring a level of "scarcity" and retention of value.    Should a particular nation abuse its national currency (eg the US Kleptocracy with its penchant for profligate QE) then this will inevitably be reflected in its exchange rate and the predictable consequences will result.

Those statements in the way they are presented would be highly uncharacteristic of Putin. Regardless, Russia following the path that has been chosen is de facto showing the middle finger to the globalist financial elite, no need for calling names.

LMFS wrote:Those statements in the way they are presented would be highly uncharacteristic of Putin. Regardless, Russia following the path that has been chosen is de facto showing the middle finger to the globalist financial elite, no need for calling names.

very true, it is just clickbait.

Russia Sets Record for Non-Resource-Based Exports Third Year in a Row

Russia’s post-Soviet economy has been heavily reliant on the export of natural resources such as oil, gas and timber, with energy alone accounting for nearly 70 percent of total exports in the early 2010s. In recent years, the government has taken steps to increase the share of non-primary, non-energy products in Russia’s basket of exports.

Russia exported the equivalent of $161.3 billion in non-resource, non-energy-based goods abroad in 2020, Veronika Nikishina, director of the Russian Export Center, told Sputnik.

- This figure is a new absolute record for the third year in a row, surpassing the $155.1 billion recorded in 2019, and $154.3 billion in goods in this category exported in 2018.

Metal goods are said to have accounted for 20.8 percent of the $161.3 billion figure, with machine goods accounting for 17.7 percent, food products for 17.3 percent, and chemicals for 16 percent.

Among agricultural exports, wheat exporters were said to have shown the biggest gains, exporting over $1.8 billion more in 2020 than in the previous year. Exporters of sunflower oil enjoyed growth of $600 million.

Among chemical industry exports, exports of polyethylene, the chemical compound used in packaging and containers, spiked by $449 million. Medical equipment also saw a rise in exports.

China was the largest single buyer of Russian non-resource exports in 2020, accounting for $16.4 billion of the total. Kazakhstan, Belarus, Turkey, and the Netherlands rounded out the top five, accounting for $12.3 billion, $9.4 billion, $8.15 billion and $6.2 billion, respectively.

In a related development, Russian business newspaper RBK reported Wednesday that Russian exports under closed articles of customs statistics, which include military equipment, dropped 16 percent in 2020 to $11.48 billion from $13.6 billion in the previous year.

Along with military equipment, this figure is said to include civilian helicopters and airplanes, rare-earth metal compounds, and some nuclear-related materials. China, India, Algeria, and Egypt were listed as the biggest purchases of Russian weapons over the past year. The newspaper attributed part of the decline to delays or cancellations of contracts caused to

The Russian economy’s dependence on the export of energy resources and raw materials and the import of finished goods grew through most of the 1990s and 2000s, but began sliding in 2014 amid tensions with the West over the crisis in Ukraine as the state moved to introduce a series of import substitution programs. In 2019, exports accounted for about 25 percent of the country's total economy. Russia’s GDP suffered a 3.1 percent drop in 2020, with the country’s national statistics agency attributing the decline to restrictions introduced to combat the pandemic, as well as the drop in global demand for energy.

https://sputniknews.com/russia/202102171082107908-russia-sets-record-for-non-resource-based-exports-third-year-in-a-row/

miketheterrible wrote:Why would the Russian state be interested in people holding gold and silver, vs holding Rubles?  De-dollarization in gold/silver isn't exactly what you think it is. Russia's Ruble isn't tied to really anything but a currency that floats based upon speculations than it is based upon resources and or industrial strength.

If Russians dumped Rubles and buying gold/silver will help tank the Ruble thus hurting the Russian budget/economy overall.  Average Russian doesn't hold USD and or Euro's.  These are rich people.  They wont be buying Gold/Silver either.  So instead, they will dump their dollars in a de-dollarization form into other investments - cryptocurrency, property, etc.  If they do dump in Gold and Silver, the taxes will benefit the Russian state as it means more tax money for them.

Other issue is people moving said physical assets like gold and silver outside of the country.  Major issue in India hence why the change in the law of it.

Silver and Gold are a finite product.  If they just let everyone to buy it, then the state will have nothing itself to use as leverage.  Hence why the state is more interested in having the Gold for themselves then the people.  The average person on the other hand has no real purpose to hold onto Gold or Silver rather than a fiat currency because you cannot walk into a store and exchange the gold or silver for food.  The Russian government, like every other government around the world, wants their population to use the state currency than a metal.

Instead, Russia should be enticing its citizens to buy Russian stocks and look towards a Russian crypto coin.  Metals is a heavily controlled market.

I'll reiterate - Russians buying gold or Silver has nothing to do with De-dollarization.  Instead it has to do with or if Rich people buy into it or not.

That's exactly it, the ruble isn't a hard asset, but Silver and Gold are, and that's why people buy them.

How the heck would it tank the Ruble??.... first of all, there isn't enough Silver or Gold to do that.
"Average Russian doesn't hold USD".. ok, now that's just a lie, i remember the last recession, numerous people try to save in dollars, according to Russia's own reports.
What??....Crypto??, no, unless they're young entrepreneurs, that ain't happening.
And where is this mentality of Taxing benefits everyone come from?... you don't need to Tax everything under the sun, you know how dystopian that is.
More Taxes means less money for the people.

The hell happened in India?... Yea, they're are gonna move it to another country, because it's their property, they are gonna do what they want with it, was their some cabal buying up Bricks of metals to export?

I am not saying open Russia's metal reserves, i am saying let the market exist, let the people trade, to have some assurance, if anything funny go happens just control the amount allowed on the market.
Yes, every government wants people to use their Fiat, and guess what, most people want to put something safe away, they want a hard asset that wont depreciate, and one of those assets sought after most is Metal.

Stocks and coins go up and down, coins especially, that's why you get metals, it's stupidly heavily regulated.
A remnant of Stalin going after the Silver Kopeks, hard habits indeed.

Ooh, it has a lot to do with De-dollarization, especially if you are trying to convince people to stop saving in dollars, open the Bullion markets, and the Dollar will be gone from the Russian economy before you could say Da svidania.

Russia’s public debt up to 17.8% of GDP in 2020

The public debt of the Russian Federation in 2020 increased by $73 bln, according to the Accounts Chamber Artyom Geodakyan/TASS

MOSCOW, February 24. /TASS/. Russia's public debt increased by 39.9% in 2020 to 18.99 trillion rubles ($257 bln), which is 17.8% of GDP, according to the documents published by the the Accounts Chamber.

"The public debt of the Russian Federation in 2020 increased by 5 trillion 418.2 billion rubles ($73 bln), or 39.9%, and amounted to 18 trillion 985.6 billion rubles, or 17.8% of GDP," the Accounts Chamber said.

According to the Accounts Chamber, in 2019 the public debt grew by 7.8% or 976 billion rubles ($13 bln), and its volume reached 13 trillion 567.4 billion rubles ($183 bln) or 12.3% of GDP. At the same time, domestic debt increased by 4 trillion 618.5 billion rubles ($62.4 bln), or 45.4%, amounting to 14 trillion 790.5 billion rubles ($200 bln). Foreign debt in foreign currency increased by $1.9 billion, or 3.5%, to $56.8 billion.

(Total state debt of Eurozone to be above 100% of GDP in 2020)

franco wrote:Russia’s public debt up to 17.8% of GDP in 2020

The public debt of the Russian Federation in 2020 increased by $73 bln, according to the Accounts Chamber Artyom Geodakyan/TASS

MOSCOW, February 24. /TASS/. Russia's public debt increased by 39.9% in 2020 to 18.99 trillion rubles ($257 bln), which is 17.8% of GDP, according to the documents published by the the Accounts Chamber.

"The public debt of the Russian Federation in 2020 increased by 5 trillion 418.2 billion rubles ($73 bln), or 39.9%, and amounted to 18 trillion 985.6 billion rubles, or 17.8% of GDP," the Accounts Chamber said.

According to the Accounts Chamber, in 2019 the public debt grew by 7.8% or 976 billion rubles ($13 bln), and its volume reached 13 trillion 567.4 billion rubles ($183 bln) or 12.3% of GDP. At the same time, domestic debt increased by 4 trillion 618.5 billion rubles ($62.4 bln), or 45.4%, amounting to 14 trillion 790.5 billion rubles ($200 bln). Foreign debt in foreign currency increased by $1.9 billion, or 3.5%, to $56.8 billion.

(Total state debt of Eurozone to be above 100% of GDP in 2020)

Oil prices were in the $45 range last year. For 2021 they are already in the mid $60 dollar range and estimates from Goldman Sachs and others see $70-$75 oil by year end. It takes time to bring production back online. Russian tax revenues increase by roughly $1.5 billion per $1 increase in the price of oil so they should be looking at $40-$50 billion more in tax revenue from oil in 2021. Also, the economy decreased in 2020, so the denominator decreased.

You mean decreased in 2020, not 2021.

AlfaT8 wrote:

miketheterrible wrote:Why would the Russian state be interested in people holding gold and silver, vs holding Rubles?  De-dollarization in gold/silver isn't exactly what you think it is. Russia's Ruble isn't tied to really anything but a currency that floats based upon speculations than it is based upon resources and or industrial strength.

If Russians dumped Rubles and buying gold/silver will help tank the Ruble thus hurting the Russian budget/economy overall.  Average Russian doesn't hold USD and or Euro's.  These are rich people.  They wont be buying Gold/Silver either.  So instead, they will dump their dollars in a de-dollarization form into other investments - cryptocurrency, property, etc.  If they do dump in Gold and Silver, the taxes will benefit the Russian state as it means more tax money for them.

Other issue is people moving said physical assets like gold and silver outside of the country.  Major issue in India hence why the change in the law of it.

Silver and Gold are a finite product.  If they just let everyone to buy it, then the state will have nothing itself to use as leverage.  Hence why the state is more interested in having the Gold for themselves then the people.  The average person on the other hand has no real purpose to hold onto Gold or Silver rather than a fiat currency because you cannot walk into a store and exchange the gold or silver for food.  The Russian government, like every other government around the world, wants their population to use the state currency than a metal.

Instead, Russia should be enticing its citizens to buy Russian stocks and look towards a Russian crypto coin.  Metals is a heavily controlled market.

I'll reiterate - Russians buying gold or Silver has nothing to do with De-dollarization.  Instead it has to do with or if Rich people buy into it or not.

That's exactly it, the ruble isn't a hard asset, but Silver and Gold are, and that's why people buy them.

How the heck would it tank the Ruble??.... first of all, there isn't enough Silver or Gold to do that.
"Average Russian doesn't hold USD".. ok, now that's just a lie, i remember the last recession, numerous people try to save in dollars, according to Russia's own reports.
What??....Crypto??, no, unless they're young entrepreneurs, that ain't happening.
And where is this mentality of Taxing benefits everyone come from?... you don't need to Tax everything under the sun, you know how dystopian that is.
More Taxes means less money for the people.

The hell happened in India?... Yea, they're are gonna move it to another country, because it's their property, they are gonna do what they want with it, was their some cabal buying up Bricks of metals to export?

I am not saying open Russia's metal reserves, i am saying let the market exist, let the people trade, to have some assurance, if anything funny go happens just control the amount allowed on the market.
Yes, every government wants people to use their Fiat, and guess what, most people want to put something safe away, they want a hard asset that wont depreciate, and one of those assets sought after most is Metal.

Stocks and coins go up and down, coins especially, that's why you get metals, it's stupidly heavily regulated.
A remnant of Stalin going after the Silver Kopeks, hard habits indeed.

Ooh, it has a lot to do with De-dollarization, especially if you are trying to convince people to stop saving in dollars, open the Bullion markets, and the Dollar will be gone from the Russian economy before you could say Da svidania.

You are way out of your hole here buddy.

I'll start with calling out your bullshit - how much USD does average Russian own?

We already know how much the banks have in deposits (rubles).

Also, your understanding how speculators work prove you need education on the subject of currency valuation.  I suggest you go do some learning on the subject. Google it.

I'll give you a hint - people dumping currency to buy assets that have little intrinsic value like gold and silver, or USD or Euros in Russian market, will allow speculators to attack the currency as they too would dump their money, causing inflation.

Taxing it, like everyone else does, give Russian state more money back per gold/silver/USD than initially, as well also prevent people dumping it's currency forcing inflation due to speculators. This has happened already in short period of time.

You live in fantasy thinking people will exchange silver and gold for food and bullets if fiat drops. That won't happen because the government will step in one way or the other and that has happened during Weimer Republic days too or Iran with its inflation where they introduced a new currency to supplement Rial.

Russian electronic commercial giant Wildberries announces its entry into three new EU countries: France, Italy and Spain.

https://mundo.sputniknews.com/20210224/1109128225.html