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    Russian Economy General News: #2

    Viktor
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    Post  Viktor on Mon Sep 22, 2014 7:28 pm

    zg18 wrote:In your face Carl Bildt Laughing

    That lunatic is now charged with corruption because he was taking money from another lunatic maniac Sucky_Willy our well known friend Very Happy
    Mike E
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    Post  Mike E on Mon Sep 22, 2014 7:50 pm

    higurashihougi wrote:
    NationalRus wrote:
    Mike E wrote:Okay, as I'm tiring of this discussion, Werewolf and everybody please go research "voluntaryism", the NAP, and other forms of government-less societies... I not a huge fan of explaining something, and have nobody gain anything from it, so please....

    welcome on the train, no need to discuss things with people who have not a open view but a agenda, if 3 arguments with strong fundamentals and facts dont work and that on one and the same issue... dont bother making a fourth one, i didnt studied economic theory privetly, read textbook's on the issue to be dragged down to a crackerbarrel niveau, gladly russia does devolope in the right direction even if slowly, and is one of the most fiscally sound countrys, that is actaully ready to make the painfull cuts and sacrifices befor going on a borrowing binge

    What Mike and NationalRus try to embrace is a market with nearly perfect competition, that's mean in the market there is lot a lot a lot of small enterprises with more or less similar holdings and strength, and everybody has more or less equal to opportunity to join the market. This market has high competitiveness and create various choices for the consumers, which will facilitate the quality of the products and improve the service of the enteprises.

    What I and Werewolf try to embrace, is a country with effective bureaucrat and low corrpution, a democracy goverment with is truly represent the people and are under strong supervision of the people. Under such system, what the state and goverment does are nearly equal to what ALL THE PEOPLE do, therefore extensive state-owned enterprises and public services are truly beneficial.

    Anarchists and voluntarysts like Mike E want to reduce the limitations of the goverment and create more and more opened area for all people to participate in and share the same level of opportunity, that also increase the autonomy, freedom, and creativity of the people. Statists like me belive in the Formula of Left-wing Democracy: "state = public; goverment = all the people; nation >>>>> individual", therefore we want a strong state-owned enterprise which does things by the people, for the people, of the people, works for the sake of the people, not for selfish benefits and profits of the company leaders.

    In reality, none of these things happens. Either in private sectors or in the goverment, fat cats and oligarchs dominate the market, occupy nearly all the assets and power, and create thick barrier which prevents small enteprises from entering the market. That's what we call oligopoly.

    That's why I say, privatization or nationalization, it depends on the circumstance. In all cases, people need a strong legal, executive and supervising systems to kick the ass of the bullshiters and supervise the acts of the enteprises.

    @Mike: There are oligarch in the private sector, too, if we look back in the late 19th and early 20th century, the area where consortiums, syndicates, and trusts dominated the market and monopoly the economy. But today, we have anti-trust, anti-monopoly laws and system so the problem is more or less resolved, and the competitiveness has been increased.

    Austin wrote:Ulyukayev: "Russian defense industry spends 3 times more than on education and health"

    Understandable. First, Russia is one of the main weapon exporters. Second, we have this and that in Ossetia, Ukraina, and the war-mongers in the West. But then I would like to see more investment in the civillian industry and agriculture. After all, a strong military (強兵) is being fed by a wealthy country (富國).
    Oh yeah, cause Marxism isn't a Utopian belief.... Voluntarism isn't based around competition, but rather based on the idea that civilization can flourish with or without a government. - In theory it sounds great, but even I have to admit that it never has been attempted.

    I understand that.... However, Madison was 100% correct when he stated that interest + power = corruption. Do you honestly think that any government today is "for the people"? - That is the reason your typical MURICAN' Tea-bagger is an idiot, becuase they sincerely believe that a piece of paper (the Constitution) will "force" the government to be small, and "for the people"! - Yep, cause we all "know" that will work. As for the idea of a government that "does what the people wants".... - Hate to say this, but most of the time the "people" are a bunch of uneducated idiots! If we had a similar system here in the US, our country would be ashes, and I'm not kidding!

    The idea is to limit the power of both companies and the government.... As of right now (in the US and many other countries), the government works to benefit corporations and other organizations, ever hear of "lobbyists"? - They and the MIC are the real rulers of this countries and the "others". In fact, by stopping QE and reducing corrupted contracts for large corporations (Lockheed...), they will be the ones the most affected at first! Statism can be anything from monarchy to fascism to communism... - It means "government intervention", so any economic or political intervening form of government is statist. As I've said before, corruption is bound to happen when there is power, and the opportunity for ones gain.


    You and Werewolf don't seem to get what "private sector" I am talking about... I don't mean the Fed, or large companies like Boeing which "rule the world" via government. - The basis is simple, slowly move government services over to either the "large private sector" (you guys are so scared of) or to small businesses that can offer the services. It may not be perfect, but government services are about as bad as you can possibly get. 

    IMHO, go watch "introductions to Voluntarism" by Molyneux (who or may or may not know and like) or you could go for the crazier side by watching Kokesh. - His interviews are great, more so when he absolutely murders a Marxist, Liberal, or Republican.

     - I know that, and I think that you can find my opinion on that in one of my "paragraphs". 

    You and Werewolf base your ideology on government, I hate to break it to you, but government has NEVER truly been for its people, and never will. You can ban lobbyists, take away an oligarchs wealth, and add more anti-corporation laws, but they will NEVER be muted. They will buy politicians on the inside as demonstrated by every country today, and bit by bit they will take back the power until you are back to square one! Corruption exists, and it will NEVER go away until you limit its power, which is called "government".


    Last edited by Mike E on Tue Sep 23, 2014 4:38 am; edited 2 times in total
    NationalRus
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    Post  NationalRus on Tue Sep 23, 2014 4:24 am

    lets return from "economic rants" back to "economic news"
    sepheronx
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    Post  sepheronx on Tue Sep 23, 2014 3:12 pm

    Due to sales slumped on cars in Russia, Avtovaz is laying off 2,200 people out of a total of 64,000 employees. Wow, they have a lot of employees for a car manufacturer.

    Anyway, maybe the Russian government needs to look into other methods to convince peoole to purchase new cars. Maybe new taxes and restart their cash for clunkers program (which boosted sales last time).

    Mechel, largest mining company in Russia that has been in financial trouble for years, stocks slumped by over 20%.

    I guess the company needs to be sold off or find other ways to deal with its mess. And I dont agree with US methods like chapter 11 bankruptsy that is common over their.
    sepheronx
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    Post  sepheronx on Tue Sep 23, 2014 3:25 pm

    So the deal with mechel is that shares plummeted after VTB and Putin made a comment about its lack of a future in its current form. Seems they were pissed that mechel refused to do a debt to bond sale concept to help clear majority of its debt amd financial issues, amd instead went to court. So bankruptsy is in the eyes for this company.

    I wonder who will replace it and who will buy up its assets?
    magnumcromagnon
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    Post  magnumcromagnon on Tue Sep 23, 2014 8:09 pm

    Russian Oligarch Arkady Rotenberg (net worth $2.6 billion USD) Italian assets worth $36 million have been frozen by the Italian govt., looks like a lot of Oligarchs will pay dearly for not keeping Russia's money that they stole in Russia, now it'll force them to rethink. This will have the opposite effect that NATO wants, the most dangerous faction to the Russian population is the neoliberal financier oligarch faction, by doing this their actually weakening their own influence in Russia lol! lol1 Razz russia
    sepheronx
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    Post  sepheronx on Tue Sep 23, 2014 9:24 pm

    Now Norwey is joining sanctions against Russia.

    Why now all of a sudden?
    TR1
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    Post  TR1 on Tue Sep 23, 2014 9:32 pm

    magnumcromagnon wrote:Russian Oligarch Arkady Rotenberg (net worth $2.6 billion USD) Italian assets worth $36 million have been frozen by the Italian govt., looks like a lot of Oligarchs will pay dearly for not keeping Russia's money that they stole in Russia, now it'll force them to rethink. This will have the opposite effect that NATO wants, the most dangerous faction to the Russian population is the neoliberal financier oligarch faction, by doing this their actually weakening their own influence in Russia lol! lol1 Razz russia

    No. They have plenty of money inside Russia to huddle for the winter.

    What it does do, is potentially make them angry at our beloved Tsar and protector.
    Viktor
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    Post  Viktor on Tue Sep 23, 2014 9:44 pm

    sepheronx wrote:Now Norwey is joining sanctions against Russia.

    Why now all of a sudden?

    US pressure - it took a bit longer to break Norway too.
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    Post  sepheronx on Tue Sep 23, 2014 10:01 pm

    Ah I see. Its because Norwey is losing tons from the sanctions on the fish market to Russia so I think this is a counter.

    Oh well, im looking forward to any blowback. It will make it look funnier if they pull back on the 30th when EU reviews to see if they pull sanctions.

    Too little too late I say.
    magnumcromagnon
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    Post  magnumcromagnon on Wed Sep 24, 2014 12:33 am

    TR1 wrote:
    magnumcromagnon wrote:Russian Oligarch Arkady Rotenberg (net worth $2.6 billion USD) Italian assets worth $36 million have been frozen by the Italian govt., looks like a lot of Oligarchs will pay dearly for not keeping Russia's money that they stole in Russia, now it'll force them to rethink. This will have the opposite effect that NATO wants, the most dangerous faction to the Russian population is the neoliberal financier oligarch faction, by doing this their actually weakening their own influence in Russia lol! lol1 Razz russia

    No. They have plenty of money inside Russia to huddle for the winter.

    What it does do, is potentially make them angry at our beloved Tsar and protector.

    Mr. Hope and Change?
    TheArmenian
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    Post  TheArmenian on Wed Sep 24, 2014 8:57 am

    sepheronx wrote:Due to sales slumped on cars in Russia, Avtovaz is laying off 2,200 people out of a total of 64,000 employees. Wow, they have a lot of employees for a car manufacturer.

    Anyway, maybe the Russian government needs to look into other methods to convince peoole to purchase new cars. Maybe new taxes and restart their cash for clunkers program (which boosted sales last time).

    Mechel, largest mining company in Russia that has been in financial trouble for years, stocks slumped by over 20%.

    I guess the company needs to be sold off or find other ways to deal with its mess. And I dont agree with US methods like chapter 11 bankruptsy that is common over their.

    Cash for Clunkers has restarted this month. It should help.
    sepheronx
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    Post  sepheronx on Wed Sep 24, 2014 3:40 pm

    Seems with Japans growing problems (car sales fall, problems with quality parts, 80% of its manufacturing gone to China and its currency, Yen, drops to its lowest in decades) put more sanctions on Russia, specifically VEB bank which has clients in Japan.

    This comes at a strange time when Russia agreed with peace deal in Minsk. Yet Japan blames it on the Ukraine mess. What it probably is, is all about the Kuril Islands which Japan signed away rights to in the 1954 San Fransisco treaty.

    Putin is to arrive in Japan soon to talk with Abe. But in this case, Russia should tell them that all of their assets in Russia can be stripped away and any access to Russian energy as well. This comes at a time when Japan is facing energy issues so they have little room for negotiations. This also damages Japans business prospects.

    Also in the news, Chinese foreign banks refuse to handle Russians offshore accounting due to sanctions. This is turn will force Russians to keep their money at home or in Hong Kong (as hong kong banks offered to hold money).
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    Post  sepheronx on Wed Sep 24, 2014 3:49 pm

    Seems that sanctions are not working. http://m.rbth.com/business

    Sochi business forums have now new contracts for various regions in Russia. Total is investing in energy extraction in Russia. This comes as a surprise since I thought they were canceling work with Lukoil. But now they are doing another project with them.

    But it appears that these other regions are more interested in doing JV with other countries besides EU, Japan, US and China. They now want to do further business with India and Brazil too.
    Viktor
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    Post  Viktor on Wed Sep 24, 2014 7:34 pm

    Nice  thumbsup

    Turkish company opened a large plant in Tatarstan

    Rosstat: the unemployment rate in Russia fell to 4.8%

    kvs
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    Post  kvs on Thu Sep 25, 2014 12:47 am

    Viktor wrote:Nice  thumbsup

    Turkish company opened a large plant in Tatarstan

    Rosstat: the unemployment rate in Russia fell to 4.8%



    But we were told that the Russian economy is stagnating. Clearly not. Unemployment goes up during stagnation and recession periods. And before some clown claims that this is only because of government interference in the Russian economy, Russia is not running any make work projects. In fact, it is still following the monetarist advice from the 1990s and this is private sector job creation. Of course, it helps to spend money on rearmament but such spending cannot explain the low unemployment rate. The labour force is 76 million and military-associated industry employs 2.5 million people. It's not like you can take the unemployed and retask them to be engineers and machinists by snapping your fingers.
    Mike E
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    Post  Mike E on Thu Sep 25, 2014 12:54 am

    kvs wrote:
    Viktor wrote:Nice  thumbsup

    Turkish company opened a large plant in Tatarstan

    Rosstat: the unemployment rate in Russia fell to 4.8%



    But we were told that the Russian economy is stagnating.   Clearly not.   Unemployment goes up during stagnation and recession periods.   And before some clown claims that this is only because of government interference in the Russian economy, Russia is not running any make work projects.   In fact, it is still following the monetarist advice from the 1990s and this is private sector job creation.   Of course, it helps to spend money on rearmament but such spending cannot explain the low unemployment rate.   The labour force is 76 million and military-associated industry employs 2.5 million people.   It's not like you can take the unemployed and retask them to be engineers and machinists by snapping your fingers.
    +1 Of course the West will spin things so it looks like the Russian economy is struggling, but the reality is anything but that... Russia's big push to China is proof that their economy is looking to grow further, so let's hope that works out well... I just want to see Russia pioneering the next-generation of reactors (LFTR's), as China is working on them and a joint-effort could be extremely beneficial... As for the MIC, it is flourishing considering the sanctions. - Isn't funny how Russia has a lower unemployment rate than the US?
    sepheronx
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    Post  sepheronx on Thu Sep 25, 2014 3:56 am

    [url=Moscow Stock Exchange to start trading in Hong Kong dollars Source: Russia Beyond the Headlines - http://rbth.com/news/2014/09/24/moscow_stock_exchange_to_start_trading_in_hong_kong_dollars_40071.html)]Moscow Stock Exchange to start trading in HKD[/url]

    As well, I was reading some industrialist in Russia complaining about sanctions and he said the one most important factor to Russia's growth is FDI. This is a fricking joke! I hope this guy gets a hard look at reality. India has much lower FDI than Russia and is doing far better than Russia in the market. If a nation relies on FDI, then that nation has piss poor industrial complex. Actually, China's FDI is not that much larger than Russia's but their industrial production far exceeds Russia's.

    Russian government needs a swift kick in the ass. And these old school monetarists needs a good swift kick themselves.
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    Post  Firebird on Thu Sep 25, 2014 10:40 pm

    The NATO economic warfare against Russia reminds me of some Middle Eastern banana republic.

    Say some woman gets attacked by perverts and then she gets jailed for "causing it".

    Its clear NATO wanted to steal the Crimea and place missiles in Donbass, so it now comes out with this bullshit.

    I wonder if Russia could be provoked into military action somewhere. Or "overt" destabilisation of some form.
    I'm thinking of sponsoring someone else's invasion of the Lvov area etc.

    If Russia has to get grief for doing nothing, maybe it should GET something.

    -----------
    As an aside, I actually think some of these "analyst forecasts" are scare tactics against Russia ie pure bullshit forecasts.
    Russia can cause massive ec damage to the EU. And the US is now losing credibility with many places due to its economic (and other!) terroro campaigns.
    Viktor
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    Post  Viktor on Fri Sep 26, 2014 10:05 pm

    As zg18 said correctly few days ago

    Central Bank of Russia continues to increase gold reserves

    As a result, the total reserves of Russia rose to 1,112.5 tons of gold
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    Post  Viktor on Sat Sep 27, 2014 3:06 am

    Russia is gona get 3.1 bin$ by the end of the year + prepay for any future gas at 385$/m3

    Under Pact, Russians To Give Gas To Ukraine

    Under Friday’s deal, which Moscow and Kiev are expected to approve by next week, Ukraine would pay Russia $3.1 billion toward its outstanding bill, in two separate installments by the end of the year. In exchange, Gazprom will ensure that at least 5 billion cubic meters of gas are supplied to Ukraine from October to March at the set price of $385 per 1,000 cubic meters, which must be prepaid before delivery
    kvs
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    Post  kvs on Sat Sep 27, 2014 7:21 pm

    http://www.bloomberg.com/news/2014-09-27/rosneft-says-exxon-arctic-well-strikes-oil.html


    Russia, viewed by the Obama administration as hostile to U.S. interests, has discovered what may prove to be a vast pool of oil in one of the world’s most remote places with the help of America’s largest energy company.

    Russia’s state-run OAO Rosneft (ROSN) said a well drilled in the Kara Sea region of the Arctic Ocean with Exxon Mobil Corp. (XOM) struck oil, showing the region has the potential to become one of the world’s most important crude-producing areas.

    The announcement was made by Igor Sechin, Rosneft’s chief executive officer, who spent two days sailing on a Russian research ship to the drilling rig where the find was unveiled today. The well found about 1 billion barrels of oil and similar geology nearby means the surrounding area may hold more than the U.S. part of the Gulf or Mexico, he said.

    “It exceeded our expectations,” Sechin said in an interview. This discovery is of “exceptional significance in showing the presence of hydrocarbons in the Arctic.”

    Eat that Obama. I guess those "vital US interests" are the overthrow of democratically elected president in Ukraine and installing a bunch of ethno-fascist
    butchers who have killed over 5,000 civilians in the Donbas. There is self determination for 1.6 million Kosovo Albanians and there is zero self-determination for 8 million people in the Donbas according to the US and its imperial "vital interests".

    I am glad that Exxon won't have a chance to profit from this find. Suck on some fracked gas America.
    KomissarBojanchev
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    Post  KomissarBojanchev on Sat Sep 27, 2014 7:29 pm

    Lets hope the wolrd willl have switched almost entirely to renewable and nuclear  nuclear energy before these oil pckets are opened to continue to pollute the world.

    I hope russia's main plan for the future isn't "drill, drill drill, and destroy the north pole ecosystem so we can make drilling easier" but rather focus on methane and nuclear fusion
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    Post  kvs on Sat Sep 27, 2014 8:12 pm

    KomissarBojanchev wrote:Lets hope the wolrd willl have switched almost entirely to renewable and nuclear  nuclear energy before these oil pckets are opened to continue to pollute the world.

    I hope russia's main plan for the future isn't "drill, drill drill, and destroy the north pole ecosystem so we can make drilling easier" but rather focus on methane and nuclear fusion

    I agree, but given NATO's oil crack addiction such news has got to hurt.

    Russia is the only country (aside from China) that is going to deploy a new fleet of fast neutron breeder reactors (the BN-1200 series) during the 2020s. Stupid governments like in Germany are going from nuclear to coal (and indirect nuclear since Germany is buying electricity from France). Alternatives are nice and should be applauded, but there is no large scale energy storage technology that can make them viable without a constant baseload from conventional power sources.
    KomissarBojanchev
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    Post  KomissarBojanchev on Sat Sep 27, 2014 9:02 pm

    kvs wrote:
    KomissarBojanchev wrote:Lets hope the wolrd willl have switched almost entirely to renewable and nuclear  nuclear energy before these oil pckets are opened to continue to pollute the world.

    I hope russia's main plan for the future isn't "drill, drill drill, and destroy the north pole ecosystem so we can make drilling easier" but rather focus on methane and nuclear fusion

    I agree, but given NATO's oil crack addiction such news has got to hurt.  

    Russia is the only country (aside from China) that is going to deploy a new fleet of fast neutron breeder reactors (the BN-1200 series) during the 2020s.  Stupid governments like in Germany are going from nuclear to coal (and indirect nuclear since Germany is buying electricity from France).   Alternatives are nice and should be applauded, but there is no large scale energy storage technology that can make them viable without a constant baseload from  conventional power sources.  
    Thats why less money should be spent on drilling research and instead on making alternative energy better and makingf fossil fuels safer for the enviroment.

    I think the west has done much more to make our enviroment go to hell, but that doesn't mean russia should try follow their example.

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