Russia & Co defy financial storm

The global financial crisis topped the agenda of the summit of the Commonwealth of Independent States. The leaders of former Soviet states gathered in the Kyrgyz capital Bishkek to discuss ways of lessening its affect on their countries.

Category:

News & Politics

Tags:

• Russia
• CIS
• summit
• crisis
• credit
• crunch

[Holso5]

Putin, let me guess you watched that 4-part documentary.... THat stuff is nonesense. They ask why a BMW in USA costs half of what it costs in Russia and come with a 90 minute conspiracy theory, while the answer is obvious if you look at your receipt. TAXES. Russia charges huge taxes on autos and US charges little.

[PutinProper]

Dollar is a cancer, because it really worth nothing. Marshall plan was actually an ingenious plan to create neo-colonial system which allows US to export dollar to Europe, and further everywhere. Now US has an exclusive right to print as much dollars as it wants (those 700bln going to be created the same way), which, starting from 1971, aren't guaranteed by anything!

So, actually, US can get quite real goods from all around the world for the worthless piece of paper called dollar.

[Holso5]

its not zero its about $40 billion. The $150billion will be used to buy equity stakes in companies and to increase reserves at banks. Buying outright equity is dumb - investors just take that money and run. It is unclear whether reserves at banks will help the crisis or whether more will be required. Either way, reserve funds are getting depleted.

Again, you should try to articulate your views on teh dollar.

[PutinProper]

Russian state debt is almost zero.

So, almost entire external debt is a debt of Russian corporations and banks. And national reserves guarantee there will be no external default for Russian financial system

Those 150$ billions aren't going to be just subtracted from reserves to nowhere. They will be used to cover external debts. At the same time, Russian state gets its share in those rescued banks and corporations. Similar to what is happening in USA, except that USA has no real life money.

[Holso5]

care to explain why dollar is "a cancer"?

Russia had roughly $500 billion before the crisis. Medvev just signed a $150 billion package to help financial markets. And the financial crisis is far from over. While you right that Russia has more currency reserves than debt, that doesn't take into account debt of major russian corporations that are too big to fail and its banks.

Also, care to explain why it would benefit US to "default russian economy"?

[FUTUREFIGHTER]

Gavnadavi Kolhoznik go Kopai Kartoshky

[FUTUREFIGHTER]

you sound like your dumb fuck Finance Minister Kudrin whose idea was to invest Russias 20 billion dollar to Fanie Mae and that Fanie mae is about To go Bankrupt that means you lost your 20 Bill you fucking Baran

[PutinProper]

Oh, shut up already you stupid little monkey.

Come back then you at least 15.

[PutinProper]

Real "solving" would be total denying of the dollar. Dollar is a cancer for Russian and world economics.

This takes time, some several years. This will happen anyway.

Russian currency reserves aren't depleted. Russia has enough reserves to cover all debts. So, US will not be able to default Russian economy. This is the main purpose of keeping Russian national reserves in US currency.

[FUTUREFIGHTER]

Te nado Valenki odet i Kartoshku Kopat v zimoi Kolhoznik Baran bilin

i Love calling you mother fucking Baran bilin