Sergey Glazyev does it again.. bitching again about the Russia Central bank
with conspirational theories. What is really annoying is not the bullshit he claims..
but that Independent news blogger sites like the SAKER.. or any other does not held accounted Glazyev for their previous failed predictions ,that turned to be 100% wrong..
Is like you ask an Future teller that is very popular for his predictions,what will happen in 2015..
But then 2015 pass and nothing he predicted happens.. then in 2016 another interview is given,
and no one have to courtesy to ask them for their failed prediction. and instead ask for more
predictions of now what will happen in 2016.. then in 2016 nothing what he predict happens.. then again he is not questioned for failing.
Glazyev claimed that Nabiullina.. the head of Central bank..
had to be shot and was destroying Russia economy.. back in november 2014 interview..
But now every major economic news outlet.. is saying She saving Russia economy from
collapse.. and giving credit to her for stabilizing the Ruble. He falled short in calling her
a western agent.. but he conveniently fails to mention that Putin , elected her as President
of the Central bank..and that he trust in her.. and that he whenever asked he support her
decisions.. so Either Putin is lying ..or Glaziev is a disinformant.
Glazyev claimed that the central bank was sabotaging Putin demands of a new Payment system.
and that nothing was done.. -WRONG!!
Glazyev Complains about what happened in December 2014.. how Central Bank raised interest.
but conventiently ignores how much they were lowered since then and that central bank told will continue lowering them to control inflation.
and the best one..
Glazyev claims Russia Central bank have not lower the inflation at all.. is all
our imagination folks.. ..
So everyone else have to be lying..
He paint a picture of an Evil Central bank lead by Nabiullina that do not listen Putin and is in
bed with the IMF.. and only receive orders from washington DC..
What kind of President is Putin then? that he will declare a financial war against US dollar,
create an alternative to the IMF ,called BRICS and start dropping US dollar in any transanctions with BRICS and others nations. Perhaps no one told Putin , his central bank is in bed with the IMF.. looks completely Moronic to try to fight the west financial system if your bank is not yours after all..and belongs to Americans?
How could Putin even stand a chance to Oppose US ,if he did not have ways to control
the Russia Central bank? For example LYbia bank was completely under control of the IMF..
and when the conflict began in Lybia that Qadaffi refused to step down? what Americans did?
they froze ALL Lybia bank accounts. with all their Gold that was being stored in France and Europe banks. Lybia lost like 400 billions $USd all its money ,with just a sign of Obama on paper.. with their sanctions..
Im sure Putin will have never dare to fight the western financial system hegemony ,creating
BRICS and stopping using US dollar.. if he knew that the Central bank in Russia is an american/BRitish private bank..and nothing else. How dumb the west.. why bother lowering Oil prices..and militarization of Russian borders.. if all the IMF had to do ,to destroy Russia and the ruble is freeze the Russian Central Bank operations.? Apparently Obama neither knows
the Russia central bank is a "puppet of the IMF"
The claims that Russia Central bank is independent is completely bullshit. Independent means that independent. that does not depend of any outside thing ..but it behaves as a dependent
institution of the Russian government. Putin tells them what to do..when and how.. Buy Gold now.. and trade now in dollars, give a loan to that bank now,lower interest now.. And Putin even elect the head of the Bank..and if that wasn't enough, wikipedia says half of the profits
of the Russian central Bank goes to the Russian government. so independent my Ass.
Russia central bank based on real life behaviour act more like a hybrid National/private bank.
as a Semi-Independent Institution ,that have its own strong autonomy but cannot do whatever they want. and actually the Russian Government somehow have quite big influence on it. I suspect the Russian Government control 30 to 50% or more of the shares of the central bank..Because according to wiki, the TOP 5 Russian banks in Russia are state controlled Banks..
the one ones under western sanctions.. and they operate under this Russia Central bank.. So independent not really.. is Semi-Independent ,Semi-National bank. Which i think is the best solution.. Allows Russia to attract Capital from
Abroad.. NAtionalizing the bank.. should have also a very negative consequences in money
transanctions.. all banks in the world makes transanction through an Internet like ,but private
secure service.. called Swift.. based in Europe.. and without it.. credit cards will not work..neither it will be possible for Europe to Pay Russia for the Gas they get. since had to be through their communication secure lines..Europeans control. Neither possible for any investment in Russia from the west.. unless people bring money in cash.. which is not an effective way of trading money. Neither possible for Russian banks to operate in the west..
since they have business in US and Europe.
In a semi private ,semi nation bank..both sides Private and Russian Government have influence.. and any decision taken have to be done by mutual agreement and that Russia
Government do have the power to completely Nationalize it at any time they want it.. But they
dont do it..because that will make Russian banks to lose access to western Financial Markets which Russia profit significanly ,specially selling energy to the west. IF Europe and US stop trading with Russia ,then they will be no point of continue to have western Investors in their
Central bank. and can nationalize it in full.
here is a quote from forum poster about the article..that mirror my views.
That Glazyev guy sure has some groupies, The Saker should create a fan-club...
Russian central bank slapped hard on Soros and co Banksters by slapping them hard makin them loose their skirts just before new year with the super increase of the key rate.
No bonuses for american hawk traders...
End of the speculative riot on the rubble of the last 2014 quarter!
Why dont you talk about this mr Glazyev???
Naturally since then they reduce it little by little to allow easy cash flows for Com Banks.
It was the right move back then, it still is.
It's always easier to spit in the pot blabbing about radical solution, fixed interest rate and so on than to have a rational and working money policy!
I find it rather curious that even though this site tend to idolize Putin a lot (i do too Jeez that guy is something) but always forget that he put the head of the central bank in charge and she s a personnal friend of him.