Military Review

Sergei Glazyev: The policy of the Central Bank leads to a collapse of the economy

90
Sergei Glazyev: The policy of the Central Bank leads to a collapse of the economy



In the studio of the TV channel Tsargrad - Doctor of Economics, Academician of the Russian Academy of Sciences and Advisor to the President of Russia Sergey Glazyev. In an interview with the deputy editor-in-chief of the TV channel Yury Pronko, he answered the main questions concerning the functioning of the financial and economic system of Russia.

Yuri Pronko: At the International Economic Forum held in Astana, President of the Republic of Kazakhstan Nursultan Nazarbayev drew attention to the need for the development of cryptocurrency. Can you express your comment, your opinion?

Sergei Glazyev: The President of Kazakhstan said the following: “It is advisable to consider the possibility of introducing a global settlement cryptocurrency.” That is, the word “world” is very important here. Because there are cryptocurrencies in general now, but these are some private tools that are in demand. Cryptocurrency is an electronic tool protected by special encryption methods. And the specificity of cryptocurrency is that each next cryptocurrency is becoming more and more expensive. Therefore, the flip side of the emission of these today's cryptocurrencies is the increase in electricity consumption for their production.

The cryptocurrency is interesting to me because each cryptomoney has a unique number, it cannot be faked. It is in demand precisely because it is highly liquid, tied to the owner, in the sense that it cannot be stolen, and you can buy and sell it. I do not think that cryptocurrencies can be used as independent substitutes for conventional money, because ordinary money is fiat money that is created under commitments.

Modern economic growth cannot be imagined without fiat money. And cryptocurrencies - they are more like gold. Their prey is worth the money. Therefore, to create a loan out of nothing with cryptocurrency will not work. As a result, the advantage of the modern state, which has the right, relying on its monopoly on the issue of money, to create a loan simply from this monopoly, is lost. Within reasonable limits, of course. Because if fiat money is not issued in a targeted manner, then most likely it will lead to inflation. As we had at one time, when we issued two trillion rubles to rescue banks during the crisis, and the banks collapsed and brought down the foreign exchange market. They began to buy currency instead of investing money in the development of production. Therefore, the secret of effective use of monetary monopoly is associated with the targeted use of money. Cryptocurrency - it is good because you can trace its intended use, as if all the money labeled. Here our opponents say that it is impossible to issue money, since everything is stolen, but here all the money is labeled.

Accordingly, the question arises, can we apply this property of cryptocurrency to ordinary money? I think we can, and the information workers know how to do this. If we issue money, for example, to finance investments for small and medium-sized businesses or for infrastructure development, we can mark them so that they no longer fall into the foreign exchange market, the computer will discard them. They can not be used for speculation. At some point, this money will turn into a salary. And then there will be, therefore, a mechanism for conversion from protected money to ordinary money. But in all other functions they are the same. Then the state can dramatically increase the efficiency of using fiat money that is issued for lending investments.



As for the world currency, this is the favorite topic of the forum in Astana. Ten years ago, Nazarbayev for the first time brought together experts from different countries and, in addition to the on-duty theme of Eurasian integration, suggested thinking about reforming the global financial architecture. A competition of projects was announced, in which experts from different countries offered their approaches to reforming the global financial system. This topic arose almost simultaneously with the global financial crisis, and the essence of Nazarbayev’s reasoning was that the world monetary system was unfair.

First, the dollar issue is in favor of the US budget. We are financing, in fact, US military spending. Secondly, it generates a nonequivalence of international economic exchange. And thirdly, modern reserve currencies are, in fact, private currencies that belong to individual states, and in America they even belong to the private Federal Reserve System, that is, no one is responsible for their purchasing power.

These currencies can devalue at any time, they can simply impose a financial embargo, as they have already done against Russia. Or what they did with Iran when they disconnected from the settlement system. All that was in dollars and euros was frozen. And it happened more than once. The global monetary system serves the interests of the American financial oligarchy. And it is no secret to anyone that the global financial crisis, along with objective reasons related to structural changes in the economy, also had its monetarist component - pyramid schemes that were built on the basis of the issue of the dollar under the financial pyramid of US treasury bills.

Yu.P .: Do you think that the cryptocurrency can act as an alternative to this?

SG: That's about crypto, I would not hurry. But I am sure that the world will eventually move to the contractual currency ...

Yu.P .: That is, to give up the current reserve currencies?

SG: Refuses to use currencies that are not guaranteed by international law. Here is an example of an international currency that is issued on the basis of an international agreement, is the euro. This example would be nice to expand further. Today we are talking about Eurasian integration. Among our areas of work is the creation of a single financial market, but there is no task to move to a supranational currency. It was discussed, but we saw how difficult it is to work with the euro - first the Greek crisis, then the Spanish, Portuguese.

The fact is that the creation of a single currency implies a unified policy of public debt. And then Russia will not be able alone, say, to issue state obligations, because it will be necessary to negotiate with everyone. And in Europe they did not think about it. They introduced a single currency, and a single debt policy was not fixed. With the exception of some general recommendations, like the budget deficit is no more than 3 percent. But the point is that Greece, for example, has issued more government debt bonds than it could afford. The central bank bought them, printed the euro under this case. Now they do not know how to reduce balance here. You can, of course, zero and forgive everything, but for some reason while they do not go for it.

We have an interesting experience in the introduction of contractual currency, which is formed on the basis of an international treaty. And, it seems to me, the most important thing is that the issue of world currency should be controlled by the states that use it. There are two such calculated currencies. The first is the IMF SDR, which is a unit of account. And the second was the ECU, which was part of a European currency snake. Such a tool to us today would be very helpful. Our heads of state have put a certain reasonable limit on integration, we are creating a common market for goods, services, capital, common standards, a single financial market, but at the same time we are not creating a single financial system. We, in general, expected that the ruble, as the currency in which the vast majority of transactions in mutual trade, with the exception of energy, go, will become the reserve currency of the Eurasian Economic Union. Moreover, Russia accounts for more than 80 percent of the economic potential of the Eurasian Union, which means that our financial system is somewhere 85-90 percent of the entire financial system of the Eurasian Union. Therefore, in a natural way, the ruble itself became a reserve currency. Belarus at that time had already included it in the basket of reserve currencies.

Yu.P .: Yes, but last week it became known about the statement of the President of Belarus and the National Bank of this republic that they are refusing the ruble.

S.G .: It’s not that they refuse, it is the market that refuses the ruble in conditions of very high volatility. You can not even claim to the regional reserve currency, if the rate jumps like horrible, and no one can predict it.

Yu.P .: According to the forecast of some high-ranking officials from the financial and economic bloc of the government and the Central Bank of Russia, by the end of the year the ruble may fall by at least 20 percent. So maybe this is the answer to the question why the leadership of the neighboring republic, with which we form the Union State, decided to abandon the Russian ruble as a reserve currency of the Republic of Belarus?

S.G .: If the ruble exchange rate is an indefinite thing and is governed not by the state, but by speculators. At the same time, even our energy sources, with which we could support ruble trade, are traded mainly in dollars, including within the Eurasian Union. As a result, the ruble loses its appeal.

It is not accidentally written in the Law on the Central Bank that the main function of the Central Bank is the stability of the national currency. When the Central Bank declined responsibility for the stability of the ruble, it is, from my point of view, not only a violation of the Law on the Central Bank, but also a very dangerous action in its consequences. Even if we assume that the Central Bank correctly conducts inflation targeting, which, from their point of view, will automatically ensure further stability and economic growth. This is only a small part of what is needed for stable growth. Low inflation is good, but it alone does not generate investment. In the arguments of our leaders of the economic bloc of the government is full of internal contradictions.

To begin with, there can be no low inflation with a galloping rate. It is excluded. If the rate falls, inflation grows. Especially in an open economy, which depends on imports. According to statistics, more than half of consumer goods of large cities is formed by imports. Therefore, the fall of the course we all felt on ourselves. The 60 percent inflation jump, which occurred in 2014-2015, was caused by a depreciation. It was the fall factor that played a major role in breaking up the inflationary wave, with which the Central Bank began to struggle by reducing money, squeezing demand and eliminating investment in the development of the economy. And now the same thing can happen.

Because when the ruble exchange rate falls, import prices rise, and when the rate, on the contrary, increases, prices do not fall. Economists call this the ratchet effect. Because the trading system responds as it benefits. If the course falls, it means that import prices are rising. And when the course is growing, it is not a fact that they will lower prices. This will happen only if demand begins to curl. This, in fact, was the main factor in the current price reduction. With such a policy, when the ruble rate is determined by speculators, the investor cannot invest in the manufacturing sector, since he does not know what the rate will be in six months or a year. With a jumping course, there can be no investment by definition.

Therefore, when the Central Bank abandoned the free swimming course, and speculators picked it up, we had a giant funnel, which pushes money from the real sector into a speculative one. Moreover, exports and imports fell, investments fell, a financial embargo was imposed against us. It means that there are less objective factors influencing the course. The demand for foreign currency decreased, and the supply decreased, which meant investment decreased. And the volume of transactions in the foreign exchange market has grown fivefold in three years. How does that come about? Objectively, the need for currency speculation is decreasing, and their volume is growing. This takes place only in one case, when speculative operations that are not connected with trade in goods and with some real investments dominate the market. This is a purely speculative investment, the meaning of which is the game of oscillations.

The main players there are large American hedge funds, comparable in power to the entire Russian banking system combined. The central bank artificially creates an eldorado for international speculators, who take money in the United States at two percent per annum and bring it to Russia, freely passing with this speculative capital. Not to build factories or mills, but to invest in our securities, including government securities, and continue to have a difference. We have a yield of 10 percent securities, the price of a western loan there is 2-3 percent. 7 percent is taken not from the air, but at the expense of us, due to the destabilization of our economy, due to the fact that money flows away from the investment sphere and is transferred to large speculative players who sway the market and manipulate it. First, in 2014, they brought it down. Now, it means that they charge it up. Speculative capital comes regardless of the sanctions. Because Americans are not fools, they imposed sanctions only on medium and long-term money. And if you take money for a month or two weeks, then please take as much as you want. And the speculator no longer needs it, he plays short positions.

Yu.P .: Is it enough for them two weeks?

SG: So what happens as a result. The central bank is trying to keep them in the market due to the high interest rate. This means that we all have money dear. We cannot invest anything in production at this interest rate. If the interest for a loan is twice the rate of profitability, then what company can take this loan? No one takes it. This means that the real sector is giving money back to the Central Bank. Eight trillions have already given over these three years. Remain on their money, which they take from a simple turnover. And given that before the crisis, half of our working capital was formed through loans, then consider that production has shrunk. Production shrinks, which means capital is concentrated on the stock exchange.

The central bank, which constantly says it opposes printing money, starts issuing its own bonds at 8-9 percent per annum and takes money from the speculative market. He will pay these interest at first at the expense of profit, and then it will become unprofitable. That is, the central bank becomes unprofitable. This is generally nonsense for a normal economy. And then he begins to cover the loss issue of money. This printing of money is not for the development of production and the economy, but for providing super-profits for speculators. And when the Minister of Economy says that they have raised the interest rate, and this may cause an outflow of speculative capital. Well, yes, this is how a speculative market behaves, will cause an outflow. But why do we need such capital at all?

Yu.P .: And why was it necessary to create such conditions?

SG: It turns out that all the power of our state financial system works on the income of international, mostly American speculators. For their sake, the Central Bank holds high interest rates and issues bonds, which are then financed by issuing. And all this will ultimately lead to the very consequences that the Minister casually said.

What are the consequences? It means that in our country in the conditions of an open economy and, once again, the free movement of capital across the border, the Central Bank artificially keeps speculative capital at the expense of a high interest rate. Thus, he kills loans in the manufacturing sector. Investments in the real sector have been falling for the third year in a row. Of course, they are, but not at the expense of banks.

The central bank, I note, not only does not fulfill its main function - stabilization of the exchange rate. He also, in fact, transferred the transmission mechanism, which allows to turn savings into investments, into idle mode, by launching a speculative flywheel there. The share of the banking sector in financing investments is now 2-3 percent. And the share of bank loans in attracting investment financing from enterprises has already been for many years 7-8 percent, and now it has become even less.

The central bank, in fact, stopped the most important thing in the banking system - the transmission mechanism. As a result, banks are idling in terms of economic development. They collect savings, but either give them back to the population through consumer credit and mortgages, or they go to the foreign exchange market, where they receive superprofits along with manipulators, and the borrowers in the real sector become bankrupt. After all, those who make investments, they were counting on funding for years. And it stops, enterprises stop, investments are deadened and depreciate. The degradation of the real sector entails a technological lag and decline in competitiveness, which is an objective factor in the decline in the exchange rate. And so, for the fourth or fifth time, we walk in a circle and step on the same rake. We will stabilize inflation by squeezing money in the real sector, which is degrading and causing a drop in competitiveness. There is pressure on the course. This is how much talk there is now that the course is too high and competitiveness does not match.

Yu.P .: Officials openly say that the fall will be at least 20 percent.

SG: There is pressure from exporters that it is necessary to lower the rate, because we cannot cope, so to speak. Competitiveness is falling, which puts pressure on the depreciation, because paying for the technological lag is the decline in revenues, which is reflected in the fact that imports become more expensive. We have to work more and more in order to get the same volume of goods for import. And you can completely hurt your head if you step on the same rake indefinitely. Now the main threat is that the ruble exchange rate is actually in the hands of speculators who manipulate the market. The central bank holds them, artificially keeping high yields. This is a well-known carry trade - a terrible disease that all countries are trying to avoid ...

Yu.P .: What will this lead to, and what is the staleness of this situation?

SG: Carry trade is that cheap money from abroad comes here and accelerates due to high incomes. This situation can not continue indefinitely. Sooner or later it ends, and foreign speculators begin to leave. And this entails the simultaneous collapse of both the foreign exchange and financial markets. So it was already in 1998 year, when the GKO pyramid collapsed.

Yu.P .: Does this mean that we shake again?

SG: No, I believe that we still have opportunities to prevent such a course of events. To do this, take appropriate measures to limit the movement of speculative capital and to stabilize the course.

Yu.P .: That is, if we do not do this, we still shy away?

S.G .: If we do not do this, then the question of whether we dodge or not will be decided for us in Chicago. It is there that the mirror currency market with the ruble operates. And it is the American financial speculators, since the Central Bank threw the ruble into their management, today formulate a policy on the foreign exchange market. It does not depend on us. When they decide to leave the Russian market, we do not know. And the ministers do not know. And the head of the Central Bank does not know.

Yu.P .: But nevertheless in our hands to change this situation?

SG: In order to change it, it is necessary to introduce control over the cross-border movement of capital and not to allow a sharp outflow of speculative capital. If a speculator is going to withdraw money, then he must declare it in advance in a few months.
Author:
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  1. krops777
    krops777 25 June 2017 15: 10
    +13
    Glazyev and Kasatonov may be good economists and patriots, but they are not the ones who rule the ball, alas.
    1. Astoria
      Astoria 25 June 2017 23: 44
      +3
      Glazyev and Kasatonov may be good utopian patriots, and thank God and Allah that they do not rule the ball.
    2. Olgovich
      Olgovich 26 June 2017 07: 49
      +3
      Quote: krops777
      Glazyev and Kasatonov may be good economists

      Sergey Glazyev, 2003: Central Bank policy leads to economic collapse
      Sergey Glazyev, 2004: Central Bank policy leads to economic collapse
      Sergey Glazyev, 2005: Central Bank policy leads to economic collapse
      Sergey Glazyev, 2006: Central Bank policy leads to economic collapse
      Sergey Glazyev, 2007: Central Bank policy leads to economic collapse
      Sergey Glazyev, 2008: Central Bank policy leads to economic collapse
      Sergey Glazyev, 2009: Central Bank policy leads to economic collapse
      Sergey Glazyev, 2010-2017: Central Bank policy leads to a collapse of the economy yes lol
      1. Vittt
        Vittt 26 June 2017 23: 41
        -1
        Quote: Olgovich
        Quote: krops777
        Glazyev and Kasatonov may be good economists

        Sergey Glazyev, 2003: Central Bank policy leads to economic collapse
        Sergey Glazyev, 2004: Central Bank policy leads to economic collapse
        Sergey Glazyev, 2005: Central Bank policy leads to economic collapse
        Sergey Glazyev, 2006: Central Bank policy leads to economic collapse
        Sergey Glazyev, 2007: Central Bank policy leads to economic collapse
        Sergey Glazyev, 2008: Central Bank policy leads to economic collapse
        Sergey Glazyev, 2009: Central Bank policy leads to economic collapse
        Sergey Glazyev, 2010-2017: Central Bank policy leads to a collapse of the economy yes lol

        Let there be srach
    3. Young_Communist
      Young_Communist 26 June 2017 12: 20
      0
      Quote: krops777
      Glazyev and Kasatonov may be good economists and patriots, but they are not the ones who rule the ball, alas.

      And let's write a letter on behalf of VO to Putin, where he will open his eyes to the fact that the Nabiulins, Greffs and Chubais are national traitors and then he will appoint Glazyev and Katasonov patriots in their place.
    4. yehat
      yehat 26 June 2017 14: 19
      +2
      the saddest thing is not even this, but the fact that if society agrees with Glazyev, that this should be done, the task will be entrusted to those who have brought the situation to the point of intervention.
      And the result will be appropriate, but Glazyev will be to blame.
      that's what makes you sad
    5. siberalt
      siberalt 26 June 2017 20: 21
      +3
      Glazyev on the fingers explains that almost all of our economy rests on speculators. Russia is not even allowed to have its own state issuing bank. Then what kind of sovereignty can one talk about?
      1. Astoria
        Astoria 26 June 2017 22: 09
        0
        Glazyev on the fingers explains that
        he is a grief economist, but with patriotic sauce crying
  2. HEATHER
    HEATHER 25 June 2017 15: 46
    +6
    Oh! Glazyev! Gorgeous. It is worth listening to as Besonov. wassat
    1. Boris55
      Boris55 26 June 2017 10: 02
      0
      Quote: VERESK
      Oh! Glazyev! Gorgeous. It is worth listening ...

      Glazyev said a lot of things:
    2. Victor N
      Victor N 28 June 2017 01: 34
      0
      The tundra is an ice steppe and melancholy aaaaa ....... Do not give in!
  3. samarin1969
    samarin1969 25 June 2017 18: 57
    +15
    Glazyev gives another excellent analysis ... Very high quality and understandable.
    Unfortunately, the “RF” is moving in the opposite direction: towards the expansion of the rights of speculative “investors”.
    And the arguments about possible financial integration within the framework of the Eurasian Economic Community are doubtful. The former Soviet republics have their own economic and political interests. These are only temporary "fellow travelers".
    The fact that the richest state of resources is humiliating itself before the Fed is, politically correct, the "fault" of the leadership of the "Russian Federation."
    1. Kolya
      Kolya 25 June 2017 20: 41
      +5
      Quote: samarin1969
      "RF" is moving in the opposite direction

      This turn in the opposite direction began to prevail sharply after the imposition of sanctions by the West. They attacked the oligarchs, which forced the oligarchs to steer the country in a different direction. Question: why are the helmsmen for the oligarchs and not for the country and people?
      1. samarin1969
        samarin1969 25 June 2017 21: 04
        +8
        Oligarchs always work in your pocket. The trouble is that there are no “own” oligarchs who expand their financial empires, but also develop their country. "Ours", for the most part, behave like foreign invaders ........... Your last question is a "question of questions" .... Judging by the modern history of the "RF" ALL the helmsmen serve THOSE WHO THEIR DELIVERED .... The rest of the "politics" is a flash mob for the "electorate".
        1. NordUral
          NordUral 25 June 2017 22: 07
          +8
          Yes, there were no oligarchs. The myth is to justify capitalism.
          1. samarin1969
            samarin1969 25 June 2017 23: 06
            +6
            Quote: NordUral
            Yes, there were no oligarchs. The myth is to justify capitalism.

            There is a difference. The Stroganovs, Krupp, Tereshchenko, Gates, Musk worked and work for themselves and their countries - "ours" work for offshore.
            1. Yarhann
              Yarhann 26 June 2017 00: 59
              +8
              capitalists working for states is damn something new - always and at all times capitalists have been milking the statesmen and were opportunists and regarding krupp and gates and the mask is fine and justly fair - many of them would not become so rich if they didn’t suck in on the state feeder in time. and our oligarchs are not different from foreign ones. and with the current global movement of capital, it is not surprising that the loot travels the world in search of maximum profit. and the belief that capital will work for the state is for children and suckers. Financial TNCs now rule the world and they wanted the nation-states and those who want power because they will always buy any law in any country in the world and any person in any country will choose the necessary senator or president deputy. And not the Russian Federation, not the shuttles here are not unique, just as everything is ruled by world capital. But elections and dermacocracy are for the people that would slightly rebel and believe that something depends on them))
      2. NordUral
        NordUral 25 June 2017 22: 10
        +2
        So they are practically all in one bag, who is the oligarch himself, who is the servant on the salary of the oligarch.
      3. yehat
        yehat 26 June 2017 14: 20
        0
        Yes, the direction has not changed. it’s just that it’s become more difficult to cover sores because of sanctions.
    2. HEATHER
      HEATHER 25 June 2017 20: 54
      +3
      I can talk too. After a certain amount of liters. Not water, of course. When this person ran for our governors, such a high was from his words, the Jews would envy. Maybe he speaks well. But, as a manager, the absolute is minus 0! I don’t understand how it was yapping in the Duma. Although I can grind with my tongue and not turn over my bags.
      1. NordUral
        NordUral 25 June 2017 22: 06
        +3
        It can be seen, you know how to chat.
    3. NordUral
      NordUral 25 June 2017 22: 13
      +2
      The quotes for the word WINE are superfluous. With all the conclusions arising from these words.
      1. HEATHER
        HEATHER 25 June 2017 22: 19
        +4
        The quotes for the word WINE are superfluous.I’ll drink. But I won’t give up smoking. Do you have problems with Glazyev? So you approve of his literature, which no one listens to. I don’t know about you, but I distrust this body.
        1. Pulya
          Pulya 26 June 2017 05: 51
          +4
          Quote: VERESK
          The quotes for the word WINE are superfluous.I’ll drink. But I won’t give up smoking. Do you have problems with Glazyev? So you approve of his literature, which no one listens to. I don’t know about you, but I distrust this body.


          And who do you trust ???
          You can find out his name, to understand where (direction) your movement (views) ???
          Just to criticize is not enough.
  4. Olfred
    Olfred 25 June 2017 20: 06
    +2
    it’s just an unhealthy rush with these cryptocurrencies, it would be better if the economy was improved and, accordingly, the living conditions of the population, and I don’t care if you buy anything if you don’t give anything to yours ... although I agree - now, for example, bitcoin costs quite a lot, but cryptocurrencies rate floating, it needs to be supported i.e. invest real money hi
    1. NordUral
      NordUral 25 June 2017 22: 09
      +5
      Someone brains the brains of Putin with these matters. And he is glad.
  5. olimpiada15
    olimpiada15 25 June 2017 21: 10
    +9
    There is no doubt that the policy of the Central Bank leads to a collapse of the economy, while the country's leadership as the government, deputies of the State Duma, and especially the owners of large businesses will not suffer: as usual, they keep their capital in the west, and the poor working people roll back to the brink of survival, which is now happening . The purchasing power of the ruble is constantly falling. Therefore, the population cannot have a significant reserve for a rainy day — money is depreciating, and the Central Bank will definitely provide a “rainy day” for the population. In addition, new payments are being imposed on the population. Why did you introduce a fee for overhaul? Across the country, this is not a small amount of money, but the goal can never be achieved, devaluing the rate above the rate of accumulation, in five years from the first annual accumulation there will be an amount for a couple of nails. This is not a major overhaul; it is providing banks with free, non-refundable money for use in speculation with the goal of depreciating the ruble. The people were obliged to pay the profits of speculators. And the obligation of the population to maintain a mass of new near-communal offices is not the development of the economy, but damage to development. When goods are bought, money works to develop production, and these offices only reduce the purchasing power of the population. The real economy is primarily the production of goods. The population needs to defend themselves, because the current financial and economic bloc will not change the course towards destroying the country's economy, and they will not allow specialists of a different sense to power. The best option for production is self-financing, when profits remain in production. Such enterprises operated in the late Soviet period. And now, enterprises are financially bloodless, because the current model involves the withdrawal of profits from the enterprise and return with the condition of withdrawing future profits in favor of investors: this excludes the effective development of production. But how to unite a people who no longer believe anyone, and what is absolutely justified: there are no and cannot be honest people in the capitalist system. We need to return to the socialist model, radically updated.
    1. Victor N
      Victor N 28 June 2017 01: 52
      0
      They said everything and a lot, but too chaotically, it needs to be converted into a system.
      For example: overhaul. It must be carried out - or the house will collapse before the expiration of the standard service life. Who should do this and allocate money if the house is owned by the residents? Of course the tenants themselves. As from time immemorial in the village happened. But the tenants-owners themselves do not repair anything. So you have to force them! It is also important to tell them that if the house collapses, then no one should compensate them for the new housing (their property) - only for themselves. It's just that, right? But they don’t understand!
      1. olimpiada15
        olimpiada15 1 July 2017 10: 10
        0
        People understand herself in a council at home. But overhaul contributions are depreciating money: accumulation rate = depreciation rates. This is money working for banks, for speculators, but it is impossible to save up for overhaul. For the population, this is lost money. I sent a direct line to the question “give interest-free loans for major repairs to those houses where the collection rate is stably high: people will pay but live in a house that does not collapse. Interest-free because 1) the houses were repaired at the expense of the state, but it has not fulfilled its obligations 2) Banks have been using our money for 4 years, it would be fair to restore the status quo, now the population will use bank money for 4 years, because over the past years they have used our money. : he will receive taxes for repairs: VAT on materials and social security for salaries, a good fee throughout the country, but this was not even considered, because this overhaul fee is just an excuse for taking money from the population, the money will be used to lower the rate rubles, and the repair will never be carried out, the houses will be destroyed, the banks will spend money and the population will pay without hope for this repair.
  6. NordUral
    NordUral 25 June 2017 22: 04
    +3
    It seems to me that Sergey Glazyev does not agree much on the role of the Central Bank of the Russian Federation, or rather, the Central Bank does not know anyone, and simply does not say that Russia immediately needs a truly national means of payment.
    1. HEATHER
      HEATHER 25 June 2017 23: 12
      +2
      I thinkUrgently advise him. Maybe your idea will be included in the list of London interests.
  7. Astoria
    Astoria 25 June 2017 23: 35
    +2
    I love Glazyev - the second Gaidar, although unlike the first one there may even be a patriot, I did not hold a candle, but according to the proposed measures, there is another supporter of shock measures. But God, Stolypin is spinning in a coffin like in a centrifuge - give Russia 15 calm years, but no, let's experiment further, especially with a patriotic sauce with notes of a Masonic conspiracy.

    Approximate course of events:
    - Let's limit the movement of capital - and let's: 1) the rate of 60 per dollar - no longer, do not want 150.
    2) Inflation has risen again, where? Probably not due to a double devaluation.
    3) The population of the Russian Federation begins to convert deposits into foreign currency - What to do, we prohibit foreign currency deposits, and it is also advisable to keep currency on hand. And you see - they got used to it, investors are bad.
    4) Where did we get the black currency market? - We need again an article for currency speculators, 15 years or a lifetime (we still have a moratorium).
    5) why the stock market, private pension funds, insurance, banks in * opera - well, probably not because the value of pledged assets goes to hell.

    Everything that has been done over the past 10-15 years is flushed into the toilet, you had savings, now you can wipe the genitals with them, consumption flies to the tartar, and production flies after it - the experiment was a success.

    Summary, in order to panic indoors, it is enough to shout “FIRE” ?, and if you also close the door, then there will be more than enough victims.
    1. yehat
      yehat 26 June 2017 14: 22
      +1
      in fact, Glazyev offers almost the same thing as Stolypin did in the 3rd wave of reforms, correcting the mistakes of the first two.
      1. yehat
        yehat 26 June 2017 14: 25
        0
        and as for speculators - this is true.
        Japan because of this, from the collapse of the 80s, still cannot recover.
        China has not without loss experienced 2 powerful crises.
        Extremely harsh anti-speculation legislation was then introduced in both countries.
        But we have a flower bed of liberalism
        1. Astoria
          Astoria 3 July 2017 12: 53
          0
          But we have a flower bed of liberalism
          - What do you specifically propose to ban?
          1. yehat
            yehat 3 July 2017 14: 10
            0
            and what, the ban is the only means of regulation?
            need to create an intolerant environment for frank economic delirium
            intolerance of speculation beyond measure, intolerance of delusional exploitation of resources
            (for example, Russian post or hotel from Russian Railways or public sector salary)
            intolerance of conspiracy and other forms of abuse of monopolies
            intolerance to the forms of cutting the country's resources, when all the poor and only some billionaires, etc.
            And this is a whole network of regulatory rules, laws and regulations, only part of which prohibits, as well as taxes, tariffs, various forms of calling to account for excesses (simple forms of removal of officials, environmental taxes and other harm, and in the same spirit)
            In our country now, arrogant people can do a lot and can make the lives of many hells.
            1. Astoria
              Astoria 3 July 2017 15: 30
              0
              and what, the ban is the only means of regulation?
              need to create an intolerant environment for frank economic delirium
              intolerance of speculation beyond measure, intolerance of delusional exploitation of resources
              (for example, Russian post or hotel from Russian Railways or public sector salary)
              intolerance of conspiracy and other forms of abuse of monopolies
              intolerance to the forms of cutting the country's resources, when all the poor and only some billionaires, etc.
              And this is a whole network of regulatory rules, laws and regulations, only part of which prohibits, as well as taxes, tariffs, various forms of calling to account for excesses (simple forms of removal of officials, environmental taxes and other harm, and in the same spirit)
              In our country now, arrogant people can do a lot and can make the lives of many hells.
              - conceptually, this is a stream of consciousness, I am also for world peace laughing .

              When we talk about legislation, there are two modes: All that is not prohibited by law is allowed and All that is not permitted by law is prohibited

              So: you said you need to limit speculation
              harsh legislation against speculation
              - What do you specifically propose to prohibit (limit)?
              1. yehat
                yehat 4 July 2017 09: 16
                0
                I don’t understand, do you want me to create and voice the program as Glazyev?
                give me an institute, financing, time and a good salary - I’ll say specifically
                1. Astoria
                  Astoria 4 July 2017 10: 31
                  0
                  I don't want anything from you laughing

                  You mentioned the experience of China and Japan in the field of legislation - to the question of what specifically would you propose to prohibit (limit), in addition to the slogans and proposals to finance your economic program, I have not heard anything. The conclusions are disappointing:

                  “We need to study, study and study, but with deep social currents we’ll wait: we have not yet grown up to them and, honestly, we don’t understand anything about them.” A.P. Chekhov. wink
                  1. yehat
                    yehat 4 July 2017 10: 33
                    0
                    I graduated with honors from economics and economics at NSU
                    it's about learning. I just don’t want to carry half a piece of garbage. Any local recipe will not fix everything. The economy is a complex of measures.
                    1. Astoria
                      Astoria 4 July 2017 11: 56
                      0
                      how do you say wink
    2. Victor N
      Victor N 28 June 2017 01: 57
      0
      Freshmen are systematically telling me something else!
      And nothing: on the fourth they begin to ask little questions. And on the fifth, some even listen to the answers.
      1. Astoria
        Astoria 3 July 2017 13: 03
        0
        Victor, no offense, suddenly you are a person of age, but most likely even your sophomores are smarter than you, and you have remained in the economy of households. calculation. hi
  8. Astoria
    Astoria 25 June 2017 23: 41
    +4
    If you want the elite to keep money in Russia - here is a simple recipe for you:
    1) Quality medicine
    2) Quality education
    3) Protection of rights
    1. Yarhann
      Yarhann 26 June 2017 01: 09
      +6
      all these rules have nothing to do with grandmas. the only and most important rule that ensures the preservation of capital is the protection of private property rights - this is the primary rule in all developed capitalist countries, and all medical education is freedom of citizens and the rights of citizens are secondary conditions arising from their first main and only right.
      1. Astoria
        Astoria 26 June 2017 09: 49
        0
        Sorry, when you need advice from a specialist from UkroSomalia, you will be contacted. Train mov, with Russian you are getting worse. laughing
        1. Victor N
          Victor N 28 June 2017 02: 03
          0
          ugly.
    2. The comment was deleted.
    3. DenZ
      DenZ 26 June 2017 12: 34
      0
      Quote: Astoria
      Quality medicine

      It is not directly related to capital (large, for sure)
      Quote: Astoria
      Quality education

      In part. We need competent specialists to create technology
      Quote: Astoria
      Rights protection

      Whom are we protecting? Gays?
      1. Astoria
        Astoria 26 June 2017 12: 53
        +1
        denz, denz, denz - I will explain to you on fingers:
        1) Protection of rights - and here are gays, (although someone that interests tongue ) ownership and fair trial
        2) Medicine - people get sick from time to time, they have bobos and if they have denyushki they want to be treated well, and if there is no one to treat them they are looking for a country where they will be treated.
        3) Education laughing it’s not only technology, but also the one who will change your pipes, drill a tooth, repair a car. I speak in general, not only about higher, but also about professional education.
        1. DenZ
          DenZ 26 June 2017 15: 24
          +1
          Well, with the rights, understandably, you specified. Medicine (it’s related to this area of ​​work) and I can say for sure that those who have money in the city clinic will not go anyway. For retention of capitalists in the country the level of honey. maintenance does not matter. A person with money will always find a foreign country where you can recover or one or two clinics in your country (since we now actually have a health care optimization program (in fact, it’s just a reduction))
          By education, it is profitable to produce goods where the cost of labor is lower and not where it is smarter. Why did manufactures migrate from Europe to China? Because the Chinese are smarter and there is a higher level of education?
          In general, I agree with you only on the point of protection of rights (the rights of the owners of capital specifically), and even if there is a low tax level in the country.
          1. Astoria
            Astoria 26 June 2017 16: 54
            +1
            1) When I talk about elites, these are not only billionaires (oligarchs, capitalists), but, in principle, people who have a higher income than the middle class have. Who are they, let's call them
            High Net Worth Individual (HNWI) - people whose fortune is + - $ 1 million and above. As of 2016, about 132 people in the Russian Federation. Sorry, but when you say that education and medicine are not important for these people - let them buy abroad, you must admit - this is stupid.

            2)
            rights of capital owners
            And the protection of intellectual property, and legal proceedings, you oversimplify the issue.

            + Medicine, education and the protection of rights form the human environment, providing its basic needs and creating a platform for self-realization.

            I do not know why you are talking about taxes and labor costs. If we proceed from these parameters, then all millionaires would have to move to Africa by setting up an offshore kibbutzim there and exploiting the labor of black slaves. wink
    4. Victor N
      Victor N 28 June 2017 02: 00
      0
      And why is all this the elite?
      For their money, they already have it. And they do not intend to stand in lines.
  9. Every
    Every 26 June 2017 03: 31
    +3
    In many ways, he is right:

    The Central Bank artificially creates an eldorado for international speculators who take money in the United States at two percent per annum and bring it to Russia, freely go with this speculative capital. Not in order to build factories or factories, but in order to invest in our securities, including government securities, to continue to make a difference. We have a yield of 10 percent, the price of a Western loan is 2-3 percent. 7 percent are taken not from the air, but at the expense of us and you,


    Those. a certain person takes a cheap loan to the EU or the USA, buys Russian Central Banks, then sells them with a yield of 10%, repays the loan at 2-3% and the difference is in his pocket.

    The question is: what provides profitability, where to get these very 10%?
    Next:
    The central bank artificially holds speculative capital at the expense of a high interest rate. Thus, he kills loans in the manufacturing sector.


    The question is - what is more profitable for banks to lend to the real sector, where loans need to be issued for several years and at an affordable interest, or to buy government securities with this money and quickly make a profit?
    I think the answer is clear.
    In 1998 there was just such a situation. The state issued T-bills with high returns. At first, this made it possible to attract some funds, but then there was nothing to pay% and the persons buying GKOs left, taking the money invested.
    As a result - default.

    Carry trade is that cheap money from abroad comes here and accelerates due to high incomes. This situation cannot continue indefinitely. Sooner or later, it ends, and foreign speculators begin to come out. And this entails a simultaneous collapse of the foreign exchange and financial markets. That was already in 1998, when the GKO pyramid collapsed.
    1. Astoria
      Astoria 26 June 2017 09: 22
      0
      Every, you have some kind of economic pun in mind.


      In 1998 there was just such a situation. The state issued T-bills with high returns. At first, this made it possible to attract some funds, but then there was nothing to pay% and the persons buying GKOs left, taking the money invested.
      As a result - default.
      - Nonsense is rare, the situation is basically different, from the word in general. In 1998, the following discrepancies existed: 1) GKO pyramid - the budget deficit was financed by short-term debts, and this debt grew like a snowball.
      2) a fixed exchange rate.
      1. Every
        Every 26 June 2017 13: 12
        +1
        Every, you have some kind of economic pun in your thoughts

        In general, it is customary to first give facts and then draw conclusions, and not vice versa.

        - Nonsense is rare, the situation is basically different, from the word in general.


        GKO pyramid - the budget deficit was financed by short-term debts, and this debt grew like a snowball.

        So what am I talking about?
        At first, this made it possible to attract some funds, but then there was nothing to pay% and the persons buying GKOs left, taking the money invested.

        If before that, money for payments was taken from newly attracted investments (a typical pyramid), then after the investors left, there was nowhere to take money to service the remaining debts. As a result, a refusal to fulfill obligations.
        The same Faberge, only on the side.
        1. Astoria
          Astoria 26 June 2017 13: 32
          0
          If before that, money for payments was taken from newly attracted investments (a typical pyramid), then after the investors left, there was nowhere to take money to service the remaining debts. As a result, a refusal to fulfill obligations.
          The same Faberge, only on the side.
          -

          1) The macroeconomic reasons are completely different - the budget deficit was created by the state’s inability to collect taxes and to serve its needs, for example, 98, my recommendation to you before setting it as an example of what it was caused by.

          2) Incomparable amounts of the state debt of the Russian Federation in 2017 and 1998 and its relationship to GDP.
          1. Every
            Every 26 June 2017 13: 46
            0
            I will not argue, perhaps.
            1. Victor N
              Victor N 28 June 2017 02: 09
              0
              To argue with students is unprofessional.
    2. Astoria
      Astoria 26 June 2017 09: 32
      0
      The central bank artificially holds speculative capital at the expense of a high interest rate. Thus, he kills loans in the manufacturing sector.
      The question is - what is more profitable for banks to lend to the real sector, where loans need to be issued for several years and at an affordable interest, or to buy government securities with this money and quickly make a profit?
      I think the answer is clear.
      - Only cats breed quickly laughing look at the OFZ profitability and the cost of raising money from banks at the population / corporations. ? Where is the quick profit? laughing
      1. Every
        Every 26 June 2017 13: 20
        +1
        I asked:
        The question is - what is more profitable for banks to lend to the real sector, where loans need to be issued for several years and at an affordable interest, or to buy government securities with this money and quickly make a profit?

        Where is there even a word about attracting money from banks from the population / corporations.?
        The question is clearly posed - investment in the real sector or currency speculation, which is more profitable.
        There is no question of raising any money from the population in my question.
        Do not sculpt there, which is not there.
        1. Astoria
          Astoria 26 June 2017 13: 34
          0
          You hear a ring, but you don’t know where it is. laughing in order to invest money, they must be taken from somewhere and at some cost. Therefore, I repeat for the gifted, compare the cost of attracting money and figure out where overprofit can come from.
          1. Every
            Every 26 June 2017 13: 50
            +1
            Twenty five again
            For Martians, explain on fingers:
            The question is clearly posed - investment in the real sector or currency speculation, which is more profitable?
            I don’t ask where to get them and where the superprofit might come from, I ask clearly and clearly (even for Martians) - which is more profitable?
            1. Astoria
              Astoria 26 June 2017 14: 10
              0
              You are fixated on numbers, but you don’t understand the essence, so it’s more profitable:
              1) Project A - invest in government securities at 10% for a year
              2) Project B - invest in a plant at 15% for a year

              Answer:

              1) it all depends on whether the risks of each project are correctly assessed (does the% rate for each project take into account the risks of the project) and at what cost you will attract money, in what currency, for how long, etc.

              Here is a simple example: foreigners took money at 2-3%, and suppose in May they exchanged for rubles at the rate of 55 and bought GS at a rate of 10%, now the rate is 60 and if it remains so until the end of the year, the investment will still be negative for foreigners .
              1. Every
                Every 26 June 2017 14: 15
                0
                Well, at least one sensible explanation.
                Although I doubt that the money invested in the plant for 1 year is too little. If the plant needs to buy new equipment, then the return on it will be in 3-5 years.
                1. Astoria
                  Astoria 26 June 2017 14: 36
                  0
                  Look, Glazyev offers to give cheap money simply by issuing it (by typing), but in the medium to long term, this decision is not correct.

                  Imagine inflation and the restriction on the withdrawal of capital, it is like a boiling boiler to which the lid is held by hands.

                  We need a strong domestic financial market, and otherwise, every time we need money, we will print it.
                  1. Every
                    Every 26 June 2017 14: 48
                    0
                    I agree to all 100%. If you print money and just throw it into the economy, it will only have a short-term effect. And in the future will lead to higher inflation.

                    I did not say that I agree with everything with him.

                    So after all, they do not need to be printed, now almost $ 105 billion has been invested in US government securities.
                    So let Dima not n .... t, there is money.
                    To ensure investment in real sectors of the economy, even a small part of this money will be enough.
                    ($ 20-30 billion)
                    To give enterprises inexpensive loans from these funds (preferably targeted, that is, for the development of production, the purchase of new equipment, etc.)
                    But instead, they are invested in the Central Bank. because the return on them will be much earlier.
                    In fact, this is the main thing in my posts - the Central Bank's priority is not investment in real sectors of the economy, but speculative profit schemes.
                    1. Astoria
                      Astoria 26 June 2017 17: 04
                      0
                      I do not know whether the allocation of reserves in foreign securities is good / bad, but in principle, who prevents the Ministry of Finance from issuing government securities secured by US government securities deposited abroad in which the Central Bank has placed foreign exchange reserves. Most likely the policy is as follows - gold reserves is the last frontier of financial defense that should not be spent on lending tasks.

                      For example, over the past three years, pension savings, instead of working for the economy, have closed budget gaps, and this seems to me more harmful than the placement of gold reserves in foreign government securities.
                    2. fif21
                      fif21 26 June 2017 19: 36
                      0
                      Quote: Every
                      To give enterprises cheap loans

                      Have you decided to develop your economy? Create competition for partners? Neither the US nor the EU will allow this! And since the economy of the Russian Federation (not raw) is developing, then we will be "strangled" by sanctions, by the liver wassat
                    3. Victor N
                      Victor N 28 June 2017 02: 17
                      0
                      Well, well, well, they could not stand it! Money, like a word, is very difficult to keep; the temptation will drive them into the speculative market, if any. Well, very simple.
                2. Astoria
                  Astoria 26 June 2017 17: 13
                  0
                  return from it will be in 3-5 years.
                  - this goes without saying, I say that there is no cheap money in the country, how much corruption eats away, and this risk is also put by foreign investors at the interest rate for investments in the Russian Federation.
    3. Astoria
      Astoria 26 June 2017 09: 48
      0
      In many ways, he is right:
      The Central Bank artificially creates an eldorado for international speculators who take money in the United States at two percent per annum and bring it to Russia, freely go with this speculative capital. Not in order to build factories or factories, but in order to invest in our securities, including government securities, to continue to make a difference. We have a yield of 10 percent, the price of a Western loan is 2-3 percent. 7 percent are taken not from the air, but at the expense of us and you,
      Those. a certain person takes a cheap loan to the EU or the USA, buys Russian Central Banks, then sells them with a yield of 10%, repays the loan at 2-3% and the difference is in his pocket.
      The question is: what provides profitability, where to get these very 10%?
      - The question is not clear, what does the key rate of the Central Bank depend on or what does the value of government securities depend on?
      1. Every
        Every 26 June 2017 13: 16
        0
        There is not a word in the question about the key rate of the Central Bank or what the value of government securities depends on.
        And the question is very clear:
        where to get these same 10% for payments?
        I do not know, otherwise I would not ask.
        If you don’t have an answer, it’s better to be silent than to rivet comments about anything.
        1. Astoria
          Astoria 26 June 2017 13: 40
          0
          Listen sir, 10% is the value of what money, or according to yours for payments for what? If this is the Key rate, this is the minimum interest rate at which the Central Bank of Russia (CBR) provides loans to commercial banks for a period of 1 week, and at the same time it is the maximum rate at which the CBR is ready to accept money from banks for deposits.

          Or is it the value of a GS or something else, or you just read the word on the fence, and there really is firewood. No need to blame people for their own lack of knowledge of the basics of economics. lol
          1. Every
            Every 26 June 2017 13: 55
            +1
            And again, liters of water and not a word on the issue.
            Familiar with such people, unfortunately.
            One more time:
            an investor buys government securities, he buys them in order to make a profit, profit on such securities - 10%
            The question is where to get this money for payments of these very 10%, from what sources to take money?
            1. Astoria
              Astoria 26 June 2017 14: 16
              +1
              For silly questions, silly answers:

              "- Where do you get the money?
              - In the nightstand.
              - And where are they from?
              - The wife is laying.
              - And where did she come from?
              - I give.
              “Well, where are you taking them?”
              - In the nightstand ... "

              The state is the borrower, the state has income / expenses (budget). Accordingly, from the budget. Well, maybe in your parallel universe Martians bring money laughing
              1. Every
                Every 26 June 2017 14: 25
                0
                Well, in fact, they answered my question (which I wanted) from the budget.
                Since you took over right rate my comments will carry duty responsible for your statements, economically savvy you ours.
                Therefore, the following question:
                And from what sources is the budget formed?
                1. Astoria
                  Astoria 26 June 2017 17: 09
                  +1
                  What you are seeking was clear five more questions ago what - You want to get an answer to the question why money in the economy is expensive, but instead of asking it, you are foolish. crying - I answered the question above -
                  we need a strong domestic financial market, and otherwise, every time we need money, we will print / borrow it abroad.
                2. fif21
                  fif21 26 June 2017 19: 21
                  0
                  Quote: Every
                  And from what sources is the budget formed?
                  Stop the stupid argument. For all, taxpayers pay. That is, we are with you. But whoever shoves our money into their pockets — our thieves or Westerners, is no longer important. hi
                  1. Victor N
                    Victor N 28 June 2017 02: 25
                    0
                    To pay interest you need to either earn or steal from the budget from the military, teachers .... To earn 5% in real production during the year is a difficult task, an example is even hard to find. Unless to breed rabbits, well, I don’t know ......
  10. forty-eighth
    forty-eighth 26 June 2017 13: 44
    0
    Judging by what Glazyev wrote about the stock exchange, the economist is so-so ...
    He seriously believes that “playing short positions” is a short-term investment? Does he really think that something collapsed on the Moscow stock exchange in 2014, and is now recovering?
  11. Appraiser
    Appraiser 26 June 2017 17: 00
    0
    Sergey Glazyev: "The Central Bank's policy leads to a collapse of the economy"
    Thank God in the state that there are still sane people. When will the eyes of the prime minister and president open.
    Although apparently our prime minister is blind and deaf .... am
  12. serge siberian
    serge siberian 26 June 2017 17: 33
    +1
    First, please forgive me if I make anyone angry, -profits of no more than 40% can be withdrawn from the country.
    The second on the stock exchange to establish legal order, violators out with a fine.
    the head of the Central Bank, who is not doing his job well, should not continue to work, and those who have nominated this person as a specialist also lose their job as an Automaton without any discounts.
    1. Victor N
      Victor N 28 June 2017 02: 27
      0
      Saber in the studio!
  13. fif21
    fif21 26 June 2017 18: 44
    +1
    The economy and finances of Russia are 100% integrated into the global economy. Sharks from the USA, England rule it ... Glazyev proposes to abandon the rules established by them, but who will allow him? Who will refuse the dollar and the euro? Sharks need Russia as a raw material appendage, they will not be able to control it with the help of sanctions, wait for the "democratic" change of the Government of the Russian Federation, they will not be able to change, wait for it to be drawn into the war. Examples - Libya, Iraq, Syria ... So far, nuclear weapons save from direct intervention, but so far. The economic bloc of the Government is still engaged in the robbery of its own economy for the sake of the west. How to stop the withdrawal of speculative capital abroad? Introduce a tax on it, no profit, no interest! Withdraw money in offshore - pay 50% of the amount! But who will do it? Horror on the face of Medvedev, we can be deprived of foreign investment! , they can disconnect us from the international payment system! Well, what else can I talk about! We lie tight under the mattress covers. hi
    1. Astoria
      Astoria 26 June 2017 22: 05
      +1
      How many high-profile slogans you have, it remains to add: scandals, intrigues, investigations laughing
    2. Victor N
      Victor N 28 June 2017 02: 31
      0
      No one has ever advertised the withdrawal of money to offshore companies, it is being done imperceptibly, quietly, and tracking is very difficult: you need a platoon of financial spies ((expensive!),
  14. tank64rus
    tank64rus 26 June 2017 18: 53
    +1
    In a country where there is supposedly a Higher School of Economics, there is no economic management.
    1. fif21
      fif21 26 June 2017 19: 26
      0
      Quote: tank64rus
      In a country where there is supposedly a Higher School of Economics
      If you add - the colonial economy, then everything will fall into place. hi Putin has so far managed to "let off steam from the barrel" but for how long? hi
  15. Kashchenko
    Kashchenko 26 June 2017 21: 27
    0
    Says Nabibulin, predicts Glazyev .., prophesies .... Yes, any of them can say anything .. These are parts of the tentacles of one Octopus., Whatever they do and do not say, it only leads to pumping money out of the country and people. AND SO THROUGHOUT THE WORLD .. Hotb in the States, even in Angola .., even with us .. Their whole task is only to give their owners as much and as long as possible to drink financial blood from countries and the population .. Devour resources of life. .
    1. Victor N
      Victor N 28 June 2017 02: 35
      0
      Your words so gloriously hopeless blew .....
      But you need to force yourself and the country's economy to LIVE and prosper. About that and the debate.