I don't know if you could call it lucky. Putin didn't stand in the way of it, at the very least. In addition, anyone in finance will tell you that Russia's Central Bank is an exceptionally well run institution that has built a world-class regulator group, with an in-house research and science department relying on the latest and the greatest. So that all their policies are evidence based, not ideology based. Of course, time will tell how the war will affect it. |
What on earth makes you think the U.S. defaulted on its debt? |
Right. Nabiullina is an excellent Central Bank Chairwoman. |
10x Janet yellen as a global finance chief |
Nabiullina is indeed excellent. Think where the Russian economy could have been with a Nemstov or a Navalny in the kremlin. It’s a shame Yeltsin handed over the reins to Putin, who destroyed all the potential Russia had after the collapse of the Soviet Union with his corruption and theft. Unfortunately, the economy will ultimately fold again and Elvira won’t be able to do anything about it. |
Yes, excellent. She resigned when Putin invaded Ukraine. But her resignation was not accepted. |
Navalny, you have got to be kidding me. A white nationalist who compared Central Asian labor migrants and people from the Caucasus to rodents. No thank you. Nemtsov is a different story, he was a competent governor to his jurisdiction. But you're mistaken about Yeltsin - Boris led the wave of corruption and theft of state assets during his presidency. Beginning with corrupt, dirty-as-hell "loans for shares" scheme where he had the oligarchs bankroll his election in exchange for the promise to sell them state assets for a song after he won (and he did). And this, boys and girls, is how the world's largest nickel, copper and aluminum production facilities were sold at the price of a midrange office building to the right people. And thus the first fortunes were made, thanks to Papa Boris. |
Pp here. You misunderstood, I think it’s a shame that Yeltsin chose Putin and agree that letting the communists win would have been preferable to loans for shares. Take your point on Navalny, though I’m not sure he’s much more of a nationalist than almost any potential Russian leader. But, at this point, I don’t see much hope for Russia to pull out of the death spiral that is gaining velocity with Putin’s invasion of Ukraine. |
No, you have totally backwards. You know nothing about Russia history. You can hate Putin for what he is but he rescued Russia from total collapsed of the Yeltsin years. 1989-1999 were the worst of Russia years. Putin came in and stabilized the economy and the country. Sure he and his cronies made a killing but he rescue the country from oligarchs, western thieves. It isn't for no reason he is so popular in Russia because Russians reminder well the Yeltsin years, the so-called "democratic years" |
All of this should have been common knowledge. It is obvious to anyone with a rudimentary knowledge of how mass communications work that the Ukraine coverage is designed and managed by professional services firms to serve the goals that were set for them. It has nothing to do with the truth. I mean do you really believe that Zelensky doesn't own a business suit? Of course he does. Someone, a well respected PR advisor, told him the first day of the war, from now on, you wear a khaki T shirt. Every single damn day. Run your laundry if you must. Remember your upper body workouts, we don't want these T-shirts to expose flabby arms. You are a strong, buff, wartime president. Work these biceps. Wear Le Costume. Also, review the coverage in mainstream media and count the # of times the war is described as "unprovoked". Do you really think that fifty journalists have simultaneously come up with the same word to describe it? No. They have talking points and FAQs based on a communications strategy someone well paid designed. And it's working! For the simple minded, that is. Note how all coverage of Ukraine's far-right, white supremacist forces has suddenly disappeared or got rebranded with oh, they were bad once, they are so good now. In the meantime, DHS is concerned about violent extremists and white supremacists returning from the battlefields in Ukraine and bringing what they learned there to the US. Do you hear about it? Nope. The fog of war is thick. |
| Oh, and the corruption, illegal arms trade, and money laundering |
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I think ukraine will be able to stop the offensive and also get some of its lands back. But not the whole lot gained by Russia since February.
The conflict will then freeze, Russia trying to keep what it gained and Ukraine trying to bring as much pain and chaos as possible to the newly Russian territories. It will go on for years. I don’t see how any truce is possible right now. |
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First of all, the era of dollar-dominated “financing” is drawing to a close.
Second, to the extent that a default says anything at all about a nations’ trustworthiness, it’s pretty obvious to everyone that the United States froze the assets of the Russian government. Not sure how that really effects Russia’s creditworthiness. |