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Old May 14th, 2007 #1
Правда
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Thumbs up Oy vey! Russian National Debt falls to 8%

Quote:
Originally Posted by International Finance Jewry
Kill me viz a knife Moishe! Zhe Nazi Russians don't vant to accept our loans! Soon zhey vill be out of debt to our international usury schemes! And zhey jast auctioned off Yukos, Vhich used to belong to our good Jewisches Mensch Khordokovsky! Oy vot can ve do, G-d help uns.
http://www.huliq.com/21549/russias-2...historical-low

Russia's state debt in 2008 will total 8.5% of the gross domestic product (GDP) and will be the lowest in the country's history, the finance minister said Monday.

"The state debt [in 2008] will be the lowest in the history of the Russian Federation, totaling 8.5% of GDP," Alexei Kudrin said at a parliament session.

Kudrin said debt to GDP ratio was considerably higher in other countries, totaling about 60% in the United States and 100% in Italy.

The Russian government is seeking to replace funds raised on world capital markets with domestic borrowing to provide guarantees for investment in Russia, Kudrin said.

The finance ministry earlier said the proportion of foreign debt in Russia's state liabilities would fall to 53.5% in 2007, to 47.2% in 2008, and to 42.6% in 2009.

Inflation in Russia will stay within the projected range of 7.0-8.0% in 2007 but higher world oil prices or larger capital inflow could generate the risks of the ruble's appreciation by 1-2% above targets, Kudrin said.

The finance minister said that in its monetary policy guidelines Russia's Central Bank outlined the ruble's appreciation within the range of 0-10% in the next three years, adding that the national currency had gained about 4% against the dollar/euro basket since the beginning of 2007.

Russia's federal budget posted a surplus of an estimated 539 billion rubles (about $21 billion) in January-April 2007, the finance minister said. - RIA Novosti



http://www.thedesertsun.com/apps/pbc.../1238/business

Russia's industrial base, including its vast mining interests, which had been sold by Yeltsin to his cronies for a fraction of their real worth, was taken back by the central government. [Sieg Heil! ]

Also included in this democratic unraveling was the bulk of the Russian media, now state-controlled. Even the global multi-national energy conglomerates have recently been bought out or left with minority positions.

In 2000, Putin's first full year, Russia's real gross domestic product grew by 10percent and has averaged over six percent annually since then. This puts Russia way ahead of the growth rate in the U.S. and the laggard European Union's 27 members.

Even Russia's retail trade, which was of little consequence during the Soviet, or the preceding Imperial periods, has averaged a gain of over 12 percent annually during Putin's six and one half year power reign.

Russia's overall economy has greatly enhanced its cash position. That country has practically repaid its International Monetary Fund debt, and trails only the Southeast Asian dynamos, China and Japan in foreign currency reserves, exceeding $250 billion.
 
Old May 14th, 2007 #2
Karen Z.
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OK I Know it's not a perfect place but at this point i want to live in Russia badly enough I'm thinking of swimming.
 
Old May 14th, 2007 #3
Donnachaidh
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It would appear that there are many positive developements in Russia. At least, it is on a far better trajectory than the kwa. I'll hold off on trying to move there until the first pogrom just to be sure that the usual suspects are not still pulling the strings. Where is the enterprising WN travel agent to organize tours for WNs'?
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Old May 14th, 2007 #4
Joe Snuffy
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It will take an outspoken WN leader in another country to get me to move there unless this one gets too bad.
 
Old May 15th, 2007 #5
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Putin is nearly the perfect leader imo.

1. In areas where the free markets work well like motor vehicles its a competitive market. With sales growing astronomically.. Ford is number 1 there now as I understand! Establishing rule of law so business can actually be conducted. Before it was mainly corruption, or even the risk of corruption stifled wealth creation.

2. In other areas like natural resources, where state wealth was basically given away and a tiny group of individuals made super rich.. many in the multi-billions... he has taken back state control and using the resources for all Russians. I can see contracting private companies where they have expertise but the main bulk of the money from resources should go to the people.

3. Hes gone after illegal immigrants chasing many right out of the country, much to the complaint of greedy businessmen.. meaning there is upward pressure on wages, and relieving some pressure on real estate.

4. Paying off the national debt instead of going further into debt. Then earning interest on their investments. That 250 billion they have will help Russians in downtimes and provide a nice income stream.

5. Simlifying regulations. When there is too many regulations you can't do anything. The Russian tax code was a complicated mess like the US one.. Putin made it a flat 13% tax, regardless of how you made the money. The next year tax revenues rocketed, as the economy exploded and went legit. This simplication increases order, as the rule of law is respected when it is simple, few and effective rules.

6. Media.. Russian media was taken over by the same mainly Jewish oligarchs that looted the resources. So they were stifling change that threatened their position, and doing the usual anti-white propoganda. Now Putin and people loyal to Putin control most media, so they can get their message out.
 
Old May 15th, 2007 #6
Hugo Böse
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Quote:
Originally Posted by BuffScotsman View Post
Putin is nearly the perfect leader imo.

1. In areas where the free markets work well like motor vehicles its a competitive market. With sales growing astronomically.. Ford is number 1 there now as I understand! Establishing rule of law so business can actually be conducted. Before it was mainly corruption, or even the risk of corruption stifled wealth creation.

2. In other areas like natural resources, where state wealth was basically given away and a tiny group of individuals made super rich.. many in the multi-billions... he has taken back state control and using the resources for all Russians. I can see contracting private companies where they have expertise but the main bulk of the money from resources should go to the people.

3. Hes gone after illegal immigrants chasing many right out of the country, much to the complaint of greedy businessmen.. meaning there is upward pressure on wages, and relieving some pressure on real estate.

4. Paying off the national debt instead of going further into debt. Then earning interest on their investments. That 250 billion they have will help Russians in downtimes and provide a nice income stream.

5. Simlifying regulations. When there is too many regulations you can't do anything. The Russian tax code was a complicated mess like the US one.. Putin made it a flat 13% tax, regardless of how you made the money. The next year tax revenues rocketed, as the economy exploded and went legit. This simplication increases order, as the rule of law is respected when it is simple, few and effective rules.

6. Media.. Russian media was taken over by the same mainly Jewish oligarchs that looted the resources. So they were stifling change that threatened their position, and doing the usual anti-white propoganda. Now Putin and people loyal to Putin control most media, so they can get their message out.
There were times where Western nations had good leadership as well, post war Germany had reasonable leadership, in terms of business conditions, until the middle or end of the 1960ies, this was the source of the so called Wirtschafts Wunder, or economic miracle in English. Then in the beginning of the 1970ies the socialists came into power throughout the West and we know what happened then. It will be interesting to see how the Russians handle the temptations of socialism in the future.
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Old May 15th, 2007 #7
alex
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It looks like the implementation of socialist measures (partial nationalization of the resource industry) has resulted in the partial recovery of the Russian economy.

Nevertheless much more is needed. Hopefully the Russians will not resist the
temptations of socialism in the future. It would be interesting if they resist the temptations of capitalism and free market in the after-Putin era however.

As for German economic history: By the time the socalled "socialists" (how can one call the SPD, the Democratic Party or the Labor Party socialist is beyond my understanding) got in power the economic recovery (Wirtschaftswunder) was already over and the country was filled with foreigners.
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Old May 15th, 2007 #8
BuffScotsman
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Quote:
Originally Posted by Right is Right View Post
There were times where Western nations had good leadership as well, post war Germany had reasonable leadership, in terms of business conditions, until the middle or end of the 1960ies, this was the source of the so called Wirtschafts Wunder, or economic miracle in English. Then in the beginning of the 1970ies the socialists came into power throughout the West and we know what happened then. It will be interesting to see how the Russians handle the temptations of socialism in the future.
I was reading the Russian budget for 2007 after I made my post, and they are doing huge increases in education and healthcare. Some people don't really consider those areas socialism though. I personally think a lot is how you carry out the program. And how you tax to get the money. Its somewhat different using resource exports to finance it, then having confiscatory tax levels. The Russian education system honestly seemed very good under communism. While the US education system, is widely viewed as failing many students. Obviously other areas of communism were failures like food production.

Often good economic policies mean the population doesn't need much help. For example kicking out the millions of non-Russian migrant workers like they have done creates labor shortages which drives up wages and lowers unemployment. While driving down housing costs.
 
Old May 15th, 2007 #9
BuffScotsman
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Quote:
Originally Posted by alex View Post
It looks like the implementation of socialist measures (partial nationalization of the resource industry) has resulted in the partial recovery of the Russian economy.

Nevertheless much more is needed. Hopefully the Russians will not resist the
temptations of socialism in the future. It would be interesting if they resist the temptations of capitalism and free market in the after-Putin era however.

As for German economic history: By the time the socalled "socialists" (how can one call the SPD, the Democratic Party or the Labor Party socialist is beyond my understanding) got in power the economic recovery (Wirtschaftswunder) was already over and the country was filled with foreigners.
I think everyone has different definitions of socialism. Sort of like left wing and right wing.

My personal belief is what works works. Anything where there is no reasonable limits to supply I think makes sense in a total free market. Think of televisions, if demand grows we make more. Food production.. same thing, and we know it doesn't work very well ran by the government.

On the other hand what about the water company. There is just one for a city, and everyone needs it. Thats the type of things the super rich want privatized. A natural monopoly. Then make up some story of water running out and jack up the prices.
 
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