Why Putin’s Economy Survives

[Tailswipe]

If they divest themselves of their nuclear stockpile, the rest of the world will leave Russia alone.

Almost none of the US/Russia fallout in the last few years has been about nuclear weapons.

[kamuimac]

Or maybe it's because your sanctions did jack shit and you aren't a sole superpower after all.
But keep believing in your strategy. It has failed you only for like 30 times in the past 2 years.

a bit of this but they fail to realise that just like americans , russian are very proud nation who are really proud of their country and ready to support it. and they didnt buy the fake myth like americans did with their "american dream" which was nthing but a hoax from very begginging build around extortion of work of immigrants .

besides what sanctions we talk about when whole this time oil and military companies in both us and russia were cooperating very closely - propaganda is nice for clueless public .

[Ulmita]

Yo the article is a bunch of bonobo theories, garbage rank as usual from wsj. Russia had and still has huge foreign reserve(s) (yes multiple) pools. One of them is almost 400 billion USD, which this year actually grew!

Not only you will read clueless, propaganda like this, but noone will tell you that not only Russia's economy is surviving, not only they have started to rebuild their reserves, they are also spending like madmen on their gold reserves. Russia two months ago did the biggest gold purchase of any nation in the past millennium. From previous spring till now they've added SHITONS of gold to their reserves which (to stabilize rubble, leave usd dependency) add up to some spectacular amounts.

Russia is not going anywhere like some from these boards like to think. In fact, Russia can only grow. They have a huge area to expand, they have ∞ natural resources and they are just missing the population. Basically when the Russians decide to start fucking, they will become a superpower.

[Deleted]

That's not the point. The article says that Russia hasn't been thriving, but the point is how the economy survived the collapse of oil prices.

What is survival? Venezuela did also "survived" the land have not collapsed, the ruling party is still in power.

[Cybran]

I don't think you know what a superpower is.

A country with world wide influence and power projection. Russia is present in Vietnam, made a ceasefire deal in Syria without USA and installed trump as president.

Pretty super if you think about it.

[HolgerDK]

Yo the article is a bunch of bonobo theories, garbage rank as usual from wsj. Russia had and still has huge foreign reserve(s) (yes multiple) pools. One of them is almost 400 billion USD, which this year actually grew!

Not only you will read clueless, propaganda like this, but noone will tell you that not only Russia's economy is surviving, not only they have started to rebuild their reserves, they are also spending like madmen on their gold reserves. Russia two months ago did the biggest gold purchase of any nation in the past millennium. From previous spring till now they've added SHITONS of gold to their reserves which (to stabilize rubble, leave usd dependency) add up to some spectacular amounts.

Russia is not going anywhere like some from these boards like to think. In fact, Russia can only grow. They have a huge area to expand, they have ∞ natural resources and they are just missing the population. Basically when the Russians decide to start fucking, they will become a superpower.

Good luck competing with China, India and USA, all of which dwarf Russia in one way or another.

[Cybran]

Good luck competing with China, India and USA, all of which dwarf Russia in one way or another.

It doesn't have to. It just has to support Le Pen, break the EU and make pick up the small pieces.

What choice will Denmark have to oppose Russia when you lose your pig subsidies and markets.

[Deleted]

Yo the article is a bunch of bonobo theories, garbage rank as usual from wsj. Russia had and still has huge foreign reserve(s) (yes multiple) pools. One of them is almost 400 billion USD, which this year actually grew!

So if I have 100 units of money in fund A and 100 units of money in fund B. I take out 50 units of money in fund A and use 40 to cover the budget deficit and inserts 10 units of money in fund B, and then brag that my fund B have gone from 100 units of money to 110 units of money is a empty boast.

they are also spending like madmen on their gold reserves.

Ask yourself one thing why do Russia need such a large gold reserve? Have they no confidence in their own currency?

Next question why do they make official accounting so hard, give out figures from different funds at different times, insted of a simpel total summ of all funds, so it is easy to see how much they have increased or decreased. It almost as they do not want us to know....

[Independent voter]

Good luck competing with China, India and USA, all of which dwarf Russia in one way or another.

Good luck with Mexico.

[oxymoronic]

USSR and Russia are completely different entities
It's like saying that "once US and USSR were comparable. Now New York state is competing with Spain."

Your wisdom hurts.

not sure if serious of if you misunderstood.

[Ulmita]

So if I have 100 units of money in fund A and 100 units of money in fund B. I take out 50 units of money in fund A and use 40 to cover the budget deficit and inserts 10 units of money in fund B, and then brag that my fund B have gone from 100 units of money to 110 units of money is a empty boast.

Russian economy in 2016 grew by 0.something % so by definition they will have some money coming into those reserves. Russia in 2016 went through some tremendous reforms in their economy. You see the sanctions and oil war was what they needed to wake up.

Ask yourself one thing why do Russia need such a large gold reserve? Have they no confidence in their own currency?

Getting gold makes you immune to sanctions in case you missed it. If a country can back up their own currency in gold, their currency is rock solid. In case of Russia it served as means of dumping the USD.

Next question why do they make official accounting so hard, give out figures from different funds at different times, insted of a simpel total summ of all funds, so it is easy to see how much they have increased or decreased. It almost as they do not want us to know....

I think many nations have many different fund pools. I also believe that they have more money / funds "hidden" that they want the rest of the world to know.

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Good luck with Mexico.

These graphics are for laughs only and you should not take them seriously. They don't take in consideration major things like economy restructuring and reforms. Russia will be back in G8 in the next 5 - 10 years

[CostinR]

What is survival? Venezuela did also "survived" the land have not collapsed, the ruling party is still in power.

They aren't. They lost parliament elections in Venezuala. Maduro just hasn't faced another presidential election yet.

Russia has an economic problem sure but it is a stable economy.

[Sorshen]

Yo the article is a bunch of bonobo theories, garbage rank as usual from wsj. Russia had and still has huge foreign reserve(s) (yes multiple) pools. One of them is almost 400 billion USD, which this year actually grew!

Not only you will read clueless, propaganda like this, but noone will tell you that not only Russia's economy is surviving, not only they have started to rebuild their reserves, they are also spending like madmen on their gold reserves. Russia two months ago did the biggest gold purchase of any nation in the past millennium. From previous spring till now they've added SHITONS of gold to their reserves which (to stabilize rubble, leave usd dependency) add up to some spectacular amounts.

Russia is not going anywhere like some from these boards like to think. In fact, Russia can only grow. They have a huge area to expand, they have ∞ natural resources and they are just missing the population. Basically when the Russians decide to start fucking, they will become a superpower.

The gold the USSR stole you mean?

[Ulmita]

The gold the USSR stole you mean?

No, they are buying tons and tons of gold. Just in August they bough over 21 tons (yes in one month!). In October they bought the largest amount since 1998 where they bought almost 50 tones...

[Sorshen]

No, they are buying tons and tons of gold. Just in August they bough over 21 tons (yes in one month!). In October they bought the largest amount since 1998 where they bought almost 50 tones...

If they're doing so well, maybe they could pay their historic debts and return the ~120 tonnes they stole from Romania.

[Deleted]

Pretty accurate article.

Thing about corruption in Russia is it isn't caused by government, it is caused by soviet mentality of people. USSR engraved corruption in people souls. New generation simply accepts things as they are because they don't know any better, so circle of corruption continues.

Do you know why every second vehicle in Russia has a dash cam? Not because of police corruption, but because its pretty much guaranteed that if you get into accident and fault lies with other party, other party will be lying to put blame on you. As a bonus we do get to see awesome crash videos, that should be used by driving instructors all over the world to show students how not to drive.

For some reason western politicians think by replacing Putin corruption will suddenly disappear. That is delusional way of thinking by people that have 0 insight on Russians. Whatever replacement will be, it won't help. They only possible difference is replacement might suck up to west and sell out what remains of Russia industry, which is what western countries do want.

[Deleted]

Russian economy in 2016 grew by 0.something % so by definition they will have some money coming into those reserves.

http://tass.com/economy/922516 TASS 26 dec "Russia’s GDP decline will amount to 0.5% in the end of 2016 instead of 0.6% which was forecast earlier," so the economy did not grew overall in 2016.

Getting gold makes you immune to sanctions in case you missed it. If a country can back up their own currency in gold, their currency is rock solid. In case of Russia it served as means of dumping the USD.

First in which way make gold you immun to sanctions? No I will not trade with you even if you offer gold instead of rubel for my trade goods.

You cant back up your currency in gold, becuse the total value of the currency exceeds the value of the gold reserve several times, the gold standard is dead. You can only use the gold reserve as a asset. The Rubel is not rock solid becuse it still have relatively high inflation and fluctuation.

I think many nations have many different fund pools. I also believe that they have more money / funds "hidden" that they want the rest of the world to know.

You realy think Russia have large amounts of money stashed away that nobady know about Maybe on Putins and the Oligarchy secret accounts but that is not accounts that the state can use. But you know a country is in crise then it counting pension funds (for future use) as money available to use now.

[KrazyK923]

Jesus its pretty scary seeing the Russian apologists in this thread with the plethora of information out about the horrible shit they've done to gays.

[Deleted]

I read n read, soviet this, soviet that. Title promised Russian economics 2016 not that I should read a book on Soviet Economics.

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Jesus its pretty scary seeing the Russian apologists in this thread with the plethora of information out about the horrible shit they've done to gays.

Don't care.

[KrazyK923]

Don't care.

Must be nice to care for literally nobody but yourself in this world.