Back or forward? In the nineties or in the bright future?

The agency Bloomberg, referring to its sources, recently reported that the Central Bank of the Russian Federation plans to start printing money to buy back the issue of federal loan bonds in order to cover public debt. It is worth noting that the direct purchase of OFZs by the Central Bank is currently prohibited, therefore it is planned to resort to a mechanism called a repo transaction.

A repurchase agreement is a transaction of the purchase (sale) of a security with an obligation to resell (purchase) through a specified period at a price predetermined in this agreement.

In other words, the Central Bank’s plan is this: we print candy wrappers (because we can), print OFZs (we offer to lend to the state), OFZ banks redeem at auctions (we borrow from banks), then the Central Bank buys these OFZs from banks back for printed money, but “make-believe”, with the condition that in a year the banks will return the money, and the Central Bank will return the banks to OFZ.

Theoretically, you can kill two birds with one stone. The first hare is covering the budget deficit without large expenditures from the untouchable national welfare fund. The second hare - the banks do not seem to spend money on the purchase of OFZs, which means they can continue to lend to the population and business if they consider this business profitable.

At the same time, so that servicing a public debt should not cost absolutely insane money, the Central Bank at a meeting on April 24 made it clear that it plans to cut the key rate at an accelerated pace. Lower rate - lower OFZ coupon.

On the other hand, the previous example of the use of something similar in 1995-1998, the Russian population will not forget soon, because, on the one hand, the issue of money can cause a sharp increase in inflation, on the other hand, banks that know about it can expect the ruble to depreciate instead support the economy to buy currency with all the money, thereby weakening the ruble even more.

So what will happen? The collapse of the ruble at an accelerated pace or covering the budget deficit without wasting reserve funds, which can instead be directed, for example, to support the economy? Wait and see.

Comments

[Pessimist22]

And what to do, I forgot to say.

[Valery Valery]

Quote: Pessimist22

And what to do, I forgot to say.

To panic.

[Pessimist22]

To whom, I need to work, this year I need to build a new garage and another greenhouse, I bought more materials in the winter.

[Stas157]

Back or forward? In the nineties or a brighter future?

The Zaputins scared the 90s so much. And then they almost came ... What bottom will they continue to scare?

[Golovan Jack]

Quote: Stas157

so much scared 90. And then they almost came ...

"Almost" doesn't count. Moreover, before what was in the 90s, now - as to the moon and back. Do not argue, I remember those times, but you simply cannot remember them. For the youth of age

[Malyuta]

Quote: Golovan Jack

Moreover, before what happened in the 90s, now it’s like to the moon and back.

Ragozin will take you to the moon, he promised, just like that from a trampoline, and rush off into space away on your own exhaust.
Both of you already have a small earthly framework, there’s already no one to triillite here, but lunatics ...., no one has thought of yet

[Golovan Jack]

Quote: Malyuta

there’s no one to triill here

So drop here already troll. Although ... you don’t know anything else ...

[Kostyar]

Back or forward? In the nineties or in the bright future?

And someone has doubts about how the corrupt elite will act ???

[Revival]

Now you see, they will begin to praise them in comparison with the USSR.
And it’s hard to say that this is not the 90s at all, and that you cannot know and remember anything about them.
It’s in their eyes that God's dew, they change their shoes the hedgehog before the flight

[Cyril G ...]

The right is not about Zaputintsy. First nefig compare. Not those raskladah. Secondly, I do not want to repeat. Highly. The years are not the same. Then it was 20+, now 50+. The forces are not the same.

[kjhg]

Why panic? After all, the fairy-tale promised us a breakthrough. For 20 years he had been preparing himself and preparing the country for this breakthrough. Here we observe it, apparently. So everything will be fine with us. At least 25 million high-tech jobs await us ahead. Well, if anything, if the enemies or interventionists think of something bad, then we will go to heaven anyway. Oh, it's good to live under the leadership of a wise leader. No one has this, neither France, nor England, nor Japan, nor, especially, the United States. No one else in the world knows how to reset. For that, our can. Eh, and we were lucky with him. What about his team? This is unique on unique! Specialists of extra class, not otherwise. One sechin is worth the whole Trump team combined. I can’t even imagine how many wonderful things await us ahead. America will envy us .

[Pessimist22]

Putin’s entire team is almost all the former members of the CPSU or the Komsomol, led by himself, brought up on the works of Marx, Lenin, Stalin! The party brought up a worthy change!

[tatra]

And what, again, the cowardly ideology of the enemies of the communists who seized Russia "and we have nothing to do with it, it's all the communists are to blame"? If people want to do, they do, if they do not succeed, they look for reasons - why it doesn’t work, what to do so that it works out, and if they don’t want to do well, then they cowardly shift responsibility for what they did - on others .

[Graduate student]

Quote: tatra

it's all communists to blame

Of course not. Blame those who betrayed the ideals and teachings of Lenin and their past.

[tatra]

WHO betrayed something? On the territory of the USSR, all 100 years after the October Revolution, there lived and live real, by conviction, communists and their supporters, who never betrayed their convictions, their Soviet State, and the enemies of the communists, who always, both in the USSR, and after their capture of the USSR, pretended and are pretending to be those who are beneficial to them at the moment - and "loyal communists", and "ideological anti-communists", and democrats, and liberals, and monarchists, and "great philanthropists" - STRICT in their propaganda against the communists - and NONE of this were not .

[Malyuta]

Quote: Pessimist22

Putin’s entire team is almost all former members of the CPSU or the Komsomol,

That pugabych accuses the entire legacy of Lenin's state building.

[New Year day]

Quote: Pessimist22

brought up on the works of Marx, Lenin, Stalin!

poorly studied. Looks like all school time spent on beer and "sports". If they knew well, then they did not repeat the classic mistakes of capitalism

[Graduate student]

Quote: Pessimist22

brought up on the works of Marx, Lenin, Stalin

They didn’t even teach them, they didn’t even read them, but they were all in the ranks of the party and the Komsomol

[dvina71]

Quote: kjhg

Why panic? After all, the fairy-tale promised us a breakthrough.

I have never been a fan of Putin .. but reading this .. I have to admit that MO is turning into garbage ..
Account must be deleted ..

[kjhg]

Quote: dvina71

I have to admit that MO turns into garbage ..

IN?
Do you know what I will tell you? We are all living people living in Russia. Over the past 20 years, we have all come this way with Putin and his gang. Our comments are just a mirror image of our life. And yes, in recent years, comments have become more pessimistic. Why? I think this does not need to be explained.

Quote: dvina71

Account must be deleted ..

Your right. But do you think other moods have gotten better?

[dvina71]

Quote: kjhg

And yes, in recent years, comments have become more pessimistic.

Firstly ... yes, I have no complaints about the Ministry of Defense, I have no direct relations with their structure, but they always pay regularly for working with them .. although they are demanding on the level of performance.
Two .. IN was once an analytical and fact-finding resource .. now .. instead of analytics, a stream of thoughts .. and it is wildly plus.
A comment from the technical characteristics of the equipment is minus ...

[New Year day]

Quote: dvina71

and his wildly plus.
A comment from the technical characteristics of the equipment is minus ...

here I agree with you! Without even reading or refuting! Just a refrigerator and a wallet dictates a different agenda
After all, I must admit, life is becoming sadder and more hopeless.

[Nikolai Grek]

Quote: Silvestr

Just a refrigerator and a wallet dictates a different agenda

in tyrnet less sit with all your gang ... maybe life will get better !!

[tagil]

Do you know what I will tell you? We are all living people living in Russia. Over the past 20 years, we have all come this way with Putin and his gang.

According to Bloomberg agency estimates, residents of 133 countries of the world would like to see their presidents !!! Including 12 EU countries. And you have such a swell that Putin is bad for you. Perhaps Donald is our Trump nicer ??? You would be here for your gang to tell people something, it’s not Putin’s, so maybe someone will listen.

[Fan-fan]

You just forgot to say that Russia is in 60th place in terms of living standards (Wikipedia data), i.e. we lagged behind such "giants" as Cuba, Panama, Belize, even from some Antigua and Barbuda.
So these 133 countries would not have stood the rule of our oligarchs for several years.

[tagil]

YES?! And I read that Russia is in 114th place and what do you want to say? And which oligarchs can Russia stand? And do not wring your hands. Normal country prosrali in the 90s. And finally, I say again that I am not for Putin and not against Putin, he was chosen by more than 70% of the country, whether someone likes it or not.

[Graduate student]

Quote: Tagil

According to Bloomberg agency estimates, residents of 133 countries of the world would like to see their presidents !!! Including 12 EU countries

I do not mind that he would be their president. We’ll at least choose a new president.

[tagil]

So what's the matter, the time will come to choose. Only I can bet that you will bark at the new president in exactly the same way, and the next and next and and until the end of the centuries.

[ALARI]

So let them take it in parts, and many will also pay extra.

[Fan-fan]

Account must be deleted ..
Your right. But do you think other moods have gotten better?

Firstly, do not leave, everyone else will be bored.
Secondly, yes, there are resources where the administrator has banned all the unwanted and only one opinion remains on the site, for example, "politicus". Here on "VO" for the time being they are not banned for opposing opinions, they give everyone their say, and this is correct.

[Nikolai Grek]

Quote: kjhg

Our comments are just a mirror image of our life.

yes uzhzhzhzhzhzhzhzh ... you are in poverty ... you see, from this there is always tyrnet and why to write comments here permanently !!!

[ALARI]

Yes, today tyrnet luxury is utterly unbridled, like a roll of toilet paper.

[Nikolai Grek]

Quote: ALARI

Yes, today tyrnet luxury is utterly unbridled, like a roll of toilet paper.

so poor people are not up to tyrnet ... all the more not to "gadgets" from which you can go out and constantly scribble comments !!

[Gardamir]

MO turns into trash ..

And what does the Ministry of Defense have to do with it? I hope you keep your word said delete, then delete.

[Revival]

I support you, delete your account faster

[Andobor]

Quote: dvina71

I have to admit that MO turns into garbage ..

- an information war, it’s time to get used to our realities, - the entire network of hired zasntsi is polluted, and here they are a good half, in terms of activity anyway.

[NordUral]

Resolve, as did the one for whom you are going to make hara-kiri. And then, with renewed vigor and new nickname, smash the enemies in VO.

[Vikxnumx]

America will envy us fellow.

"And then the survivors will envy the dead!" (from)

[Malyuta]

Quote: kjhg

America will envy us

Of course, he will be envious, because our main manager has the most comfortable bunker and personal shaman.

[New Year day]

Quote: kjhg

After all, the fairy-tale promised us a breakthrough. For 20 years he had been preparing himself and preparing the country for this breakthrough.

and pulled .... back All that is acquired in 20 years of overwork goes down the toilet

[kjhg]

Quote: Silvestr

All that is acquired in 20 years of overwork goes down the toilet

That's for sure. Free cash is rapidly melting. If I hadn’t solved the housing problem at one time, I don’t even know how I would have solved it today. Most likely, NO. But today's youth are less fortunate. Most of them have no prospects. Sincerely sorry for them.

[Malyuta]

Quote: kjhg

But today's youth are less fortunate. Most of them have no prospects.

The sooner they understand the futility of the education erroneously called the state, the sooner they will change it or demolish it.

[Revival]

What can one promise who does not keep his word given publicly. 0

[Graduate student]

Quote: kjhg

America will envy us

Yeah, they are envious, but we can be proud that we could not use the Soviet legacy in industry correctly, but with the adopted amendments to the constitution.

[lucul]

The Bloomberg agency, referring to its sources, recently reported that the Central Bank of the Russian Federation plans to start printing money for the repurchase of the issue of federal loan bonds in order to cover public debt

Ahaha, Bloomberg in his own way, the state is drowning in them, and they are looking for a mote in the eyes of others, but they don’t see logs in their ....
And right there, I see, appeared in the comments, a bunch of Bloomberg podmasters ....

[Not_invented]

Where is Bloomberg looking for a mote? They wrote that according to their information, there is such a plan. Nowhere is it said whether it is a good plan or a bad plan, it is not said anywhere that everything is bad or good in Russia. It is written that to cover the budget deficit. Well, there really is a deficit, after such a drop in oil and gas revenues. And the value judgments in their note are somehow not visible at all.

[lucul]

Where is Bloomberg looking for a mote? They wrote that according to their information, there is such a plan. Nowhere is it good or bad

I'm talking about the fact that the United States has already, since January 2020, printed 3 !!! $ trillion to cover the liquidity crisis, but Bloomberg does not write about it, but Russia is going to print something - it was joyfully reported to the whole world)))

[Not_invented]

Bloomberg did not wool on this topic, so I won’t say that they write or don’t write, but no one hides the fact that the United States prints money. About QE, thousands of articles have been written on news, special and even entertainment resources.

[Kronos]

They can print 100 and they will not get worse from this

[lucul]

They can print 100 and they will not get worse from this

So at our expense they print))))
And here - "if only there was no war" ...

[ALARI]

They can print dollars as you want, for them they are not only a means of payment, but also investments of other countries in the US economy. Other countries will simply buy this money from them, and who buys the ruble as a commodity? And a dollar please.

[Graduate student]

Quote: Valery Valery

Quote: Pessimist22

And what to do, I forgot to say.

To panic.

The worst is panic. But with such financiers and economists, followers of the Gaidar school, this is perhaps the most correct

[knn54]

Igor, banks "do not give offense."

[Svarog]

So what will happen? The collapse of the ruble at an accelerated pace or covering the budget deficit without wasting reserve funds, which can instead be directed, for example, to support the economy? Wait and see

It will happen, everything that usually happens .. the scheme is debugged .. banks will receive money and buy dollars and securities of other countries on them. The population will receive loans at 28% per annum .. well, in the general hello 90s. Here, all 90s are afraid, and two years ago I wrote that they were approaching ..

[Olgovich]

Quote: Pessimist22

And what to do, I forgot to say.

But criticizes!

and shouting, not carrying bags ...

[Snail N9]

Let's speculate on whether REPO will help us or not. The author refers to the repo of the 90s. However, everyone remembers that it was REPO that caused the collapse of the ruble at that time, and why? Let's remember what the financial market and the repo market were like back then. The most important thing is that the economy, both world and Russian, was developing quite normally, they were GROWING, that is, there was a demand for money and, most importantly, there was MONEY ON THE MARKET, that is, businessmen and entrepreneurs had it, and there was a lot of money. Therefore, to avoid inflation, the Central Bank decided to withdraw some of the money from the domestic market through REPO. However, at the same time he accidentally made (or did it on purpose to please some people) a cardinal mistake - he set monthly terms of the buyout with a guaranteed excess of the price. In simple terms, you buy REPOs at $ 1, and after 3 months you can sell them at a price of $ 1,1, and in a year sell for $ 1,5. Moreover, the rates of excess of the price from the nominal were set crazy from 2,5 to 20%. In addition, REPOs began to be issued simply in huge series with a constant increase in interest on them. Consider the fact that the Central Bank's discount rate was at that time, simply negligible. Naturally, speculators took advantage of this - they began to buy REPOs, then sell them and buy dollars, exchange dollars for rubles and buy REPOs, etc. In the end, there were so many REPOs on hand that the state simply did not have the money to pay them off and free dollars to exchange the ruble for the dollar - demand for the dollar, and its rate rushed up. Now the situation is different. Firstly, the world is seized by the global crisis because of the coronavirus, there is a restructuring of the entire world economy and hence a global global decline in business activity. In Russia, the purposeful policy of the state and the Central Bank to impoverish the population and entrepreneurs has led to the fact that the population does not have extra money - this time, secondly, entrepreneurs, under the burden of an internal crisis, who suffered colossal losses during self-isolation, also do not have extra funds and therefore arises the most important question, why repo at all? How does a “new” repo differ from a simple loan at low rates? Just to get around the silly rule of not printing "extra money"? Bypass the rule of "emission" of the ruble, imposed on Russia by the IMF, tied to dollar "proceeds"? Unfortunately, now there is a general decline in business activity, economies are shrinking and shrinking, consumption is slowing down. There is a structural change in the economies and the banking sector. REPO in such conditions? Yes, "will not take off", from the word - "at all" ... Simply reduce the discount rate to zero or make it generally negative - this will "take off".

[Fan-fan]

And what to do, I forgot to say.

I will tell. Buy hated dollars, unless, of course, someone still has "free" rubles.

[Not_invented]

Please explain who and where criticized something? Bloomberg did not give any assessment in his news, I, too, in this article.

[fa2998]

We need to sell foreign liabilities. We have recently begun to credit America with a newer one. There will be a currency, there are funds to service our debts, and there are people who want to buy inside the country, and now the rubles will appear.
And these loans? Almost the entire financial sector, with the participation of the state. They will shift from one pocket to another. Naturally, someone will have interest. And inflation will be out of our pocket!

[NordUral]

The change of power, the social system and all the attendant actions, in the first place, the abolition of the results of the capture of the 90s and nationalization.

[Graduate student]

Quote: NordUral

NordUral (Eugene)

Correctly. We must return to the Soviet system.

[NordUral]

I’ve been repeating about it for five years!

[Svarog]

Quote: NordUral

I’ve been repeating about it for five years!

You are not alone! There are many of us, but there will be even more

[NordUral]

I agree, Vladimir!

[Graduate student]

Quote: Pessimist22

And what to do, I forgot to say.

Vote in the elections correctly.

[Grandfather]

Back or forward? In the nineties or in the bright future?

yes, I don’t care, the main thing is "zaputina" ... no one except him, and nabiulin, and silanes ... this is our EVERYTHING ... absolutely ...

[Boris Razor]

Back or forward? In the nineties or in the bright future?

Forward! From the abolition of St. George's Day in 1592, straight to the Code of Laws on the State of People in the State in 1833.

[Not_invented]

From the Pechenegs to the Polovtsians, from the Polovtsians to the Spartans. From the Spartans to Neolith :)

[depressant]

Author!
When it comes to money, you can’t talk in a yornish tone - just as you did. I read it. Understood nothing! I went to Zen, found the same article, and again didn’t understand anything. Then - Wikipedia, Kommersant, other publications, and again - did not understand anything! Ditching an hour and a half of his barely warming life.
Our rubles are secured by foreign currency. Oil prices have fallen, there are few dollars, so the Central Bank prints few rubles, few Russian money is supplied to ordinary banks from the Central Bank for interest, and the country needs money! So or not? Let's say so. And then a repo transaction is proposed.
Questions step by step:
1. Nabiullina still prints the right amount of rubles. Question: who prints federal loan bonds - the Central Bank or the Russian government represented by the Ministry of Finance?
2. Who organizes auctions for the sale of federal loan bonds (OFZ) - the Central Bank or the government?
3. Further questions depend on the answers to the first two.
Just do not send me to reputable financial textbooks and even more so - mockingly accuse me of ignorance. I suppose many people in financial matters are the same as me. They will read the article and, having understood only that Putin is going to languish over the pillar of the National Wealth Fund as Koschey the Immortal, will leave without comment. Come on step by step! Who, what and why.

[Not_invented]

OFZs are issued by the Ministry of Finance of the Russian Federation, and auctions, respectively, are also organized by the Ministry of Finance. And who, what and why, I myself have no idea. My note is, let's say, informational. I just wanted to point out the fact that, according to Bloomberg, our Central Bank is going to resort to measures that it has been afraid of like plague since 1998. And why, so many economists here - so many opinions. According to Nabiullina, for example, the distribution of money to the population will lead to a sharp increase in inflation, and according to the opposition Glazyev, it will lead to an increase in demand -> support the economy without an increase in inflation. It's the same with printing money. Some economists think one thing, others another. Which one is right? Nobody will tell you that.

[depressant]

Yeah, that’s what it means ...
Citizens will not go to auctions to sell government debt - even those who have at least some money. No one wants to buy bonds and thus help the government, which has thrown the people so many times and is throwing it now, not wanting to help the needy with funds from the National Welfare Fund. Nobody can oblige citizens to buy government bonds. Small and medium businesses are out and have the same opinion. And you can't force a large one. Realizing this, Nabiullina, out of a desire to help Putin save the ill-fated Fund (she owes Putin a lot - she covered her crimes with the purchase of Sberbank), says to ordinary banks: buy bonds, I will print money for you. But I will not give you the bonds in your hands, they will still be in my safe, and you, having received the money, distribute them to the population: to children, to each citizen, or to those who have lost their jobs (the government itself got confused about who and how much to distribute ), enterprises, etc. And at the end of the year I'll give you the bonds in your hands. Such a strange sale. Most likely banks will "buy" bonds. But, having received real money, they are unlikely to rush to distribute it widely to the population, as the president demands. Well, for the sake of appearance, they will give it to someone. Little. The rest of the money will be immediately withdrawn to the exchange for financial speculation, and then - in foreign currency directly to offshore companies. Because we do not have Tobin's rule, which, if necessary, sharply restricts the activities of financial speculators. As a result, by the end of the year the banks will be rich, the population ... ???
In other words, when there is not a sufficient influx of currency into the country under which rubles are issued, and we are faced with just such a situation, the government issues an imitation of currency — its debt obligations. The population according to the described scheme will receive crumbs. If at all, he gets something. And the government, spreading its arms wide and shrugging its shoulders, said, they say, they did everything they could. Bribes from us are smooth.
It turns out that we have such a financial system.

[Boris Razor]

Quote: depressant

No one can oblige citizens to buy government bonds

Until recently, everyone thought that no one could take and close under house arrest all citizens in a row.

[NordUral]

Lyudmila Yakovlevna!
With these, it will be almost 100% likely to repeat the 98th year.

[depressant]

Eugene, I admit such an opportunity. But I hope for the best. The president must prove himself. He seems to have remained ambitions. But we have a bad era. Digitalization combined with freelance plus a weakening population due to the crisis and, most importantly, coronavirus is very bad. It is difficult to do anything under such conditions. Moreover, nothing has been done before. The complete failure of domestic politics. She was shameful.

[NordUral]

Your answer saddened me, Lyudmila Yakovlevna. You are a reasonable woman, how can you believe in this? What other evidence is needed to make it clear to you which side this Mr. is?

[Uncle lee]

Hold on tight!

[Grandfather]

Quote from Uncle Lee

Hold on tight!

especially not at all ....

[Svarog]

Quote from Uncle Lee

Hold on tight!

Apparently soon the chop will start .. and so we can’t resist ..

[Graduate student]

Quote: Uncle Lee

Hold on tight!

We are holding on, but it’s not clear what we are holding on to

[sagitch]

Speculators rule, and there you’ll be lucky, either in the crisis of the 98th, or in the crisis of 2021. All is one crisis!

[Grandfather]

I’m scared, but the future of Russia is even worse.

[Pessimist22]

You increase the dose and the world will sparkle with new colors!

[NordUral]

Have you, Igor, already played after increasing the dose?

[codetalker]

Russia has a great future. People will work, create families, raise children. Everything is as usual. But you seem to choke on your bile ...

[kepmor]

so we have been hearing about the "beautiful far" from the fabulously zeroed for the second ten years ... only at the end, instead of "bile", it seems like "going to heaven" is promised ...

[sagitch]

And our great-grandfathers and grandfathers and parents have heard about the "beautiful far away", and we hear about the same. Or maybe it is now? Isn't it enough for us? That's right, reasoning ...

[Grandfather]

Quote: codetalker

Russia has a great future. People will work, create families, raise children.

Sveta Kuritsyna?

[kepmor]

see the brains from nature the girl received according to the name ...

[Svarog]

Quote: kepmor

see the brains from nature the girl received according to the name ...

So the whole EP has exactly such brains ..

[alone]

Quote: Svarog

So the whole EP has exactly such brains ..

In vain you are so .. They have brains. So stealing without brains is impossible ..

[NordUral]

Our brains are not much better than this sweet girl, if these are still in power.

[New Year day]

Quote: kepmor

see the brains from nature the girl received according to the name ...

this is the pro-government electorate Or a crook! Pevrym - a lot is not necessary, the second can be kept on a cook

[Revival]

Here is the electorate! Absolutely revealing portrait!

[Revival]

Judging by state statistics, they are becoming extinct at an increasing pace.
Is this a success? Or did they not "fit in"?

[codetalker]

Did I say something about the success of the current demographic policy? I say that one way or another Russia has a good future. From this, the Russophobia, who settled here and writhe out patriots, is contorted. Look how much higher noted.

[NordUral]

I say that one way or another Russia has a good future.

I liked you so much. Expand, please, whom and what is more specific is waiting for this wonderful future in Russia.

[Graduate student]

Quote: sagitch

Speculators rule

So we do not have a market, we have a flea market, so speculators and they rule

[samarin1969]

The Central Bank decided to "play at the Fed" ... Low rates with rising inflationary risks - this can really lead to a jump in the rate. Anonymous author rights.
And suspiciously, in recent months, the state has started shifting finances from one "pocket" to another: both Rosneft assets, Sberbank, and OFZs are being successfully placed in large volumes.

[dvina71]

Quote: samarin1969

OFZs are successfully placed in large volumes.

Only about 14 billion rubles to date ..
In the 2020 budget for servicing the public debt of 886 mln.rub .., with a budget of 2020 trillion.
Yes, a surplus of 880bn was expected .. which now may not be

Before the Fed, the Central Bank of the Russian Federation, oh, how far .. it’s irresponsible to the financial system of the country and the state .. But the Fed does not care, as usual they will dump their costs into the rest of the world ..

[samarin1969]

Quote: dvina71

Only about 14 billion rubles to date ..

Um ... Financial news quotes on OFZs are full of headlines "successful", "record", etc.
In April, more than 200 (!!) billion rubles were attracted under OFZ. And in the second quarter "the plan of the RF Ministry of Finance" - 600 billion (!!!).
Why is all this necessary? A fan of showing off on RBC, Mr. Vyugin believes that ..
“The president is very afraid of spending the funds of the National Welfare Fund, .... because the NWF has spent - and there is nothing else. Psychologically it becomes bad because you don't know what will happen next. " ... This is said about 165 billion "non-rubles" NWF.

[dvina71]

Quote: samarin1969

Um ... Financial news quotes on OFZs are full of headlines "successful", "record", etc.

It’s possible that from sleep I was mistaken in zeros.
Here is the current information on securities of the Central Bank
https://www.minfin.ru/ru/document/?id_4=126517-obemy_razmeshchennykh_gosudarstvennykh_tsennykh_bumag_po_sostoyaniyu_na_29.04.2020

[Graduate student]

Quote: dvina71

But the Fed does not care, as usual they will dump their costs in the rest of the world ..

And where is the Central Bank? To our people?

[Graduate student]

Quote: samarin1969

The Central Bank decided to "play at the Fed"

They can only "play", they seem to be unable to work

[NordUral]

From right to left, and even in secret. And the pants are all one and not ours.

[9PA]

And what's wrong with that? The whole capitalist world lives like this. And it is probably good that we have such opportunities. And as the story of Nabiullina shows, eating his bread with caviar is not in vain. Unlike the basil, starling zakharova holoikova char

[kepmor]

well, if for elvirushka bread with caviar from the FRS / IMF, then yes ... his creature is "deservedly" eating ...

[9PA]

And what is wrong with her politics? Too tough? Big inflation, what's wrong?

[kepmor]

for nothing but connivance with financial speculators it is necessary to drive "in the neck" ...

[9PA]

Why didn’t you drive Chubais Gaidar? Who are you going to drive and how?

[kepmor]

Well then, let's get a drunk with a hunchback to the heap ... a familiar trick of the adepts nullified ...
essentially what? ... no ... all the best ...

[9PA]

In essence, inflation is at the level of 5-6 percent, placement of loans at 6,5 percent, the ref rate is 5,5. Sustainability of the financial sector during a period of severe crisis. This is essentially mine. And what is your essence? Why drive in the neck? What are the disadvantages?

[kepmor]

judging by the dynamics of prices for fuels and lubricants, food, utilities, medicines, etc. for the past 2019, the notorious 5-6% can be seen only in the mustache of peskov ...
Well, to the population of the Central Bank rate of 5,5 ... if the gref, costin with avenues on deposits on average only 4-5 per annum give ...
I don’t even want to talk about business lending ... some matyushas at the exit ...
PS no offense, dear ... a long stay in the country of "pink ponies" is harmful to health and psyche ... the end ...

[Revival]

And where does the capitalist world?
Feudalism "medieval" is completely different as we see

[Graduate student]

Quote: 9PA

The whole capitalist world lives like this.

But we don’t want to live like that

[regdan]

Crap crap as always. And everyone knows about it, but cowards are afraid to tell the truth.

[9PA]

In what crap?

[Fan-fan]

At least in the fact that they cannot already contain pensioners, or have you forgotten that they took 5 years of pensions from the elderly?

[9PA]

What does the Central Bank and the elderly. Why are you putting everything together?

[Revival]

More likely in everything.

[Svarog]

Quote: Revival

More likely in everything.

It’s hard to say where they were not missed. really all over ..

[NordUral]

Vladimir! Let's face it. They have not guessed anything. What was conceived in perestroika - everything is done. And in recent years, everything has only accelerated.
The people of Russia need to understand that they are destroying it and drawing conclusions. It’s not too late yet.

[Svarog]

Quote: NordUral

The people of Russia need to understand that they are destroying it and drawing conclusions. It’s not too late yet.

I agree. People should already wake up.

[A. Privalov]

Quote: Pessimist22

And what to do, I forgot to say.

I recall an old joke.

Grandfather teaches grandson:
- And now, Yosik, I will reveal to you the biggest secret of our family. One day the president will say that he does not change a mediocre government just because "these are already experienced" and "survived crises." From now on, you must be on your guard. Remember?
- Remember, grandfather.
- Then the head of this very government will suddenly say that he advises everyone to keep money in rubles. Here you have to get ready, collect all your rubles in one pile. And even take them wherever you can.
- Well, grandfather.
- Well, when the Minister of Finance begins to reassure: "Do not buy dollars. The government and the Central Bank have all the tools to ensure the financial stability of the state" ...
- Then I have to calm down?
- Coming! Just at that moment grab this whole bunch and urgently, you hear, URGENTLY run to the bank to change them for dollars! This 100% means that the cunning of the government want to throw everyone and again muddied the crisis!

[alone]

Quote: A. Privalov

I recall an old joke.

Yes, this is not a joke .. This is reality

[DEDPIHTO]

In other words, the Central Bank’s plan is this: we print candy wrappers (because we can), print OFZs (we offer to lend to the state), OFZ banks redeem at auctions (we borrow from banks), then the Central Bank buys these OFZs from banks back for printed money, but “make-believe”, with the condition that in a year the banks will return the money, and the Central Bank will return the banks to OFZ.

Well, like this! It is more usual to engage in fraudsters, speculators and scammers in various frauds, they did not teach economics in the doorways ..

[Not_invented]

The problem is that all the so-called developed countries do this. Because more money in the economy - higher demand - more opportunity for production. Since 2008, they are only engaged in what wrappers print. And they don’t have any inflation, on the fall to the currencies of countries that don’t do so - on the contrary. So it’s not always bad. The question is whether our Central Bank can do so to candy wrappers, but without inflation.

[DEDPIHTO]

The problem is that our ruined economy, which receives the main profit from the sale of energy resources, CANNOT BE COMPARED WITH SELF-SUFFICIENT ECONOMIES. The ruble must be provided with Russian goods, then you can dream, to print candy wrappers and without inflation,

[Not_invented]

A vicious circle is obtained. For more plants to operate cost-effectively, demand is needed. For demand, people need money. For people to have money, they need a strong economy, so that there is a strong economy, they need more plants, so there are more plants, we need demand ...

[Golovan Jack]

Quote: Not_invented

For demand, people need money ...

... and also for factories to produce something competitive. And with this, as I understand it, while I’ve strained, and no “money from people” will solve this problem - this money will stimulate the development of not local, but even Chinese industry

[Svarog]

Quote: Golovan Jack

.. and also that factories produce something competitive

Roman, you spoke directly in my words

Quote: Golovan Jack

with this, as I understand it, while straining,

Did you sleep today? I don’t understand what is happening ..

Quote: Golovan Jack

this money stimulates the development of Chinese industry, not local

It remains to add to your comment that for 30 years they have not given birth to anything and, in fact, they won’t differ from what I write. I’ll even put a plus for you, maybe something has changed in you this night and you decided to be honest

[Golovan Jack]

Quote: Svarog

for 30 years they never gave birth to anything

Well, not quite so, of course ... or rather - not at all so. But so far, the buyer basically "votes" for imports.

Moreover, what is funny - the hypothetical "money distributed to the population" will only help those "factories" that are already "afloat" and already produce products worthy of the attention of buyers. Outsiders will remain in flight - "their" share of the money will go to the Chinese.

This suggests that simply "filling the economy with money" the problem is not solved. And how it is solved is a separate big conversation, which I am not ready to conduct now. Cases, affairs ...

Quote: Svarog

Roman, you spoke directly in my words

It seemed to you asleep ... buddy. Have a coffee, take a bath ... re-read. I think it will

[DEDPIHTO]

Quote: Not_invented

A vicious circle is obtained. For more plants to operate cost-effectively, demand is needed. For demand, people need money. For people to have money, they need a strong economy, so that there is a strong economy, they need more plants, so there are more plants, we need demand ...

Demand for various goods has not disappeared, only foreign corporations are fulfilling it, because hucksters-Yeltsiput liberals have ruined their production. PLANNED ECONOMY (factories builds and provides jobs for the state), which is not possible under the current regime.

[DEDPIHTO]

A small addition to my post, I forgot to point out, as yet another obstacle to the development of our own industry, these are constantly changing rules of the game. By whom? See my first post in this garden.

[Pessimist22]

Our production was not competitive, and as soon as the borders were opened, our citizens gave preference to import, so they would have to order borders and turn off the Internet, prohibit criticizing the government, etc., because it was the same with the previous regime?

[DEDPIHTO]

Well, if you forbid liberals to criticize the people's (Soviet) power, it’s very good. And I don’t see anything terrible in closing the borders for the period of the restoration of my own economy, at least some people will not drag any infection into the country. Painful will be the cure for your brother, yes.

[Pessimist22]

My brother? We need to work with the peasants under any authority, my ancestors have been engaged in beekeeping and tillage for hundreds of years, so I always have to work, and if I don’t, then I will also complain about how badly I live under the current regime .

[DEDPIHTO]

Oh, liberal beekeeper. Well, what can I say, liberalism is worse than the coronavirus. Although in your case, I believe that it was inspired by a zombie creator. Sorry, there’s no time for discussion anymore, you have to go to the bathhouse to heat, yesterday (Saturday bathing day) the pressure didn’t release in any way, so that it would fail ..

[Malyuta]

Quote: DEPHIHTO

Yesterday (Saturday bathing day) the pressure didn’t release in any way so that it would fail ..

Comrade, take care of yourself, because the current medetsine is unlikely to help you.

[Golovan Jack]

Quote: DEPHIHTO

in your case, I suppose that it was inspired by a zomboyaschik

Oh, the doctor has come, he is giving out diagnoses

Quote: DEPHIHTO

Yesterday the pressure didn’t let go in order to fail him ..

Physician, heal thyself

[tatra]

Under this mantra about the "non-competitive" Soviet economy, the enemies of the USSR, after you seized the USSR / Russia, rushed to destroy all sectors of the economy, and turned the country into a backward appendage of raw materials and a market for foreign production and food products. And Putin also put the blame for the raw materials economy you created on the Soviet communists with "galoshes". And you, as always, have nothing to do with it.

[AU Ivanov.]

Who put the country on an oil needle? Case is not Brezhnev? And the kpsesovtsy were not Soviet, in the full sense of the word, they ruled the country without regard to the Soviets.

[Graduate student]

Quote: AU Ivanov.

Case is not Brezhnev?

The fact that under him the country began to supply oil abroad does not mean that he put the country on a needle. We sat on the needle precisely after the arrival of a run-of-the-mill economy in our country.

[IS-80_RVGK2]

Oh how. Who has been stopping you from getting off her for 30 years? And when the US sells its oil is it also a needle or not?

[AU Ivanov.]

About the States will need to see. It is possible that they will sit on the needle. And getting off the needle is very difficult: the market, alas, is already divided and breaking into it with your product is not just difficult, but archipresent.

[Svarog]

Quote: AS Ivanov.

Who put the country on an oil needle? Case is not Brezhnev?

Yes, you have already changed the training manual .. where is the oil needle?

[Golovan Jack]

The dependence of the GNP of the USSR on oil prices

And what, in fact, does this graph have to do with the presence or absence of a "needle"?

GNP (calculated as it should. Including products manufactured, but nafig nobody needs) - separately, "needle" (foreign exchange receipts, and purchases on them, in particular, consumer goods) - separately.

"Svarog", the letter is worth tightening up, at least slightly ...

Quote: Svarog

Yes, you already change the training manual ..

This is for you, my friend, a training manual ... literate people don’t need it, and Ivanov, unlike the people, is clearly literate

[Svarog]

Quote: Golovan Jack

This is for you, my friend, a training manual ... literate people don’t need it, and Ivanov, unlike the people, is clearly literate

You have the whole competent company here
Educate yourself if the schedule is not mastered .. everything is painted in detail here, well, so that there would simply not be any questions.
The share of revenues from the sale of fuel and electricity (please pay attention - fuel and electricity) in the budget does not actually exceed 10,3% in the most “dependent” years, and on average between 1980 and 1990 it was about 8%
https://topwar.ru/36212-a-byla-li-zavisimost-sssr-ot-eksporta-nefti.html

[Golovan Jack]

Quote: Svarog

The share of revenues from the sale of fuel and electricity (please pay attention - fuel and electricity) in the budget does not actually exceed 10,3% in the most “dependent” years

Yeah .. only the income was in bucks, and in rubles it was calculated according to the state course ... which really didn't match anything

"Svarog", have a rest already. Talk about anything, the level of preparation does not allow you to conduct it. And in your training manual this is not really ... a little bird for you

[Graduate student]

Quote: tatra

Under this spell about the "non-competitive" Soviet economy, the enemies of the USSR after you captured the USSR / Russia and rushed to destroy all sectors of the economy

Then it turned out that the Soviet system was excellent, we still live on its inheritance. It just had to be reformed a bit, and not to destroy or plunder.

[AU Ivanov.]

What will you produce at these plants? More precisely: who will buy it? Will you buy a Russian smartphone? I definitely don’t. Where will you put the products, probably to the warehouse? How many months will these plants go bankrupt?

[DEDPIHTO]

Quote: AU Ivanov.

What will you produce at these plants? More precisely: who will buy it? Will you buy a Russian smartphone? I definitely don’t. Where will you put the products, probably to the warehouse? How many months will these plants go bankrupt?

Ivanov, I will tell you a terrible secret - I have a Russian smartphone! More precisely, the Russian brand highscreen, naturally made in China, for the reasons indicated by me above. An excellent device and inexpensive. So relax with your stamps and show-offs. ,, You will not take off the gas ,, (c)

[AU Ivanov.]

Keyword: Chinese assembly. And I had a laptop RoverPC, the assembly is Moscow. Disgusting assembly of excellent components. To the trash heap! There was a snow blower, also ours - in the same place, in the trash. I bought Chinese - it works. Both of these factories for the assembly of laptops and for the production of small agricultural machinery no longer exist. Explain why? Why are factories closing? Because their products are in the trash heap. Nobody argues: it is necessary to develop production. But the products must, at least, not be inferior to the Chinese, otherwise the plant will go bankrupt. And "they will not take - we will turn off the gas" - this is a direct road to the scoop. Do you want to go there? I, personally, no.

[Pessimist22]

Yes, you don’t prove anything to them, they’re not into the scoop, they want to return the departed youth when it was good.

[AU Ivanov.]

So in my youth and I would not refuse. But in the scoop - no.
Putin absolutely correctly said:
“Whoever does not regret the collapse of the USSR has no heart. And the one who wants to restore it in its former form has no head. "

[Not_invented]

No country with a high standard of living is limited by domestic demand. Just because it, for this very level, will not be enough. Our native oil is a perfect example. There is a demand for oil - Russia is good, there is no demand for oil - Russia is bad, and our oil is the main export commodity. Need external demand. And we, unfortunately, have sanctions instead of demand.

[A. Privalov]

Quote: Not_invented

And we, unfortunately, have sanctions instead of demand.

You have some strange sanctions. Those against whom they are directed look pretty decent and have even recovered, while those who seem to have nothing to do with it are blown away ...

[Not_invented]

Why do I have? :) I do not deal with sanctions.
The fact is that because of the sanctions, even the gas pipelines that Germany needs are abruptly stopped being built, and gas, accordingly, is being sold. And this situation does not contribute to the development of the Russian economy. I would like the country's leadership to find ways to solve problems without a "reward" in the form of sanctions from the "Western partners", but it, the leadership, as you rightly noted, did not suffer too much ...

[Nemchinov Vl]

not so vicious if as under Stalin (!).
If the amount of money printed (for issue (OFZ)) flows directly into its production (plant / shipyard / enterprise / farm) domestically (!), and not bought on this "debt" of another state (or the Fed) (!),. That is, the money released directly flows into their own economy, raising the value of their currency (an increase in the production of their issued / produced goods) (!), but do not strengthen the FOREIGN currencies exchange rate, since they do not go for redemption of OTHERS debt obligations ...(!) Somehow it should work.

[NordUral]

Anyone interested in the eternal mystery of the egg and chicken, which is quite applicable in this important issue, then I suggest reading the amusing book "Quota or the Society of Abundance" on a forced vacation. I found it on the shelves of a bookstore in the remote Vologda region in the village of Minkovo. This bookstore amazed me with a huge selection of books, but it was back in 1975, so I still remember this cave of treasures.
And the book itself turned out to be so interesting, although socialism stood in the yard, and no matter how it was in the yard. But my economically vicious nature was hooked (I forgot to say that we worked in the summer on building a garage for a collective farm (coven) in the village of Vasilyevo (also an unforgettable experience for a young and fragile soul of a Soviet student, sagas could be composed).
In general, I will interrupt the flow of memories, otherwise I can differentiate myself from distant youth.
And I advise you to leaf through the book, there is very interesting advice on the issue raised.
http://lib.ru/INPROZ/WERKOR/quota.txt
Vercors, Coronel. "Quota, or Supporters of Abundance"
For some reason, now it’s not society that writes, but supporters of abundance. Or maybe my memory failed me.

[Vikxnumx]

The ruble must be provided with Russian goods, then you can dream, to print candy wrappers and without inflation,

So they have a budget surplus, and not the construction of new industries for these "savings" ...

[9PA]

Inflation targeting At the level of 6-7 percent, placement of offs at 7 percent, is this not an achievement? It is unlikely that they will accelerate inflation. Even the latest events have not fallen off

[Vikxnumx]

Inflation targeting At the level of 6-7 percent, placement of offs at 7 percent, is this not an achievement?

Why swear ???

[Revival]

Exactly DEVELOPED countries!
And are we with feudalism from the Middle Ages?

[9PA]

So the whole world lives like that, by these rules

[Graduate student]

Quote: 9PA

So the whole world lives like that, by these rules

Tomorrow the whole world will live by the rules of Satanism, will we also have to stick to these rules?

[9PA]

Typical dodges. Well, turn off Russia from the global financial system and die of hunger along with the notorious old people

[Sotskiy]

Quote: DEPHIHTO

It is more usual to engage in fraudsters, speculators and scammers in various frauds, they did not teach economics in the doorways ..

So, this is the essence of reprevatized capitalism.

[parusnik]

In a brighter future, in the 90s

[AU Ivanov.]

The main thing is not to scoop. The 90s is not the worst.

[Kronos]

A typical Yeltsinoid, if only it weren’t for the USSR, it would take away everything stolen from the people

[AU Ivanov.]

And what is it that I stole from you, dear. It was the case, in the 80s, merged gasoline with the An-2, but I do not recall theft the more. But on the sofa, yes - I did not sit, I was spinning. Therefore, I do not whine.

[AU Ivanov.]

Due to which republics was there an increase? So there and now the population is growing, despite the standard of living lower than ours. And in the Russian Empire, population growth was much higher than in the USSR, despite the colossal infant mortality. Why didn’t they talk about it, although then the Russians multiplied more actively than in the USSR.

[kjhg]

Do not believe it, but mainly due to the RSFSR.

Quote: AS Ivanov.

And in the Russian Empire, population growth was much higher than in the USSR,

Listen, what are we comparing with now? In the Russian Empire, the number did not always grow rapidly. What years will we compare? Why are you translating arrows? I wrote to you only because you say that in the 90s it was better than under the Union. Well, be so kind as to answer for your words. Why do you say that in this ... it was better than during the times of the Union. If you can’t explain, then say so. There will be nothing more to discuss with such a person.

[AU Ivanov.]

The nineties must be compared with the post-revolutionary period. Both there and there was a change in the political system, hence all the perturbations. I do not think that in the 90s our human, and even material losses, were higher than losses after the October Revolution. The change of power, as a rule, leads to losses, ruin, and other delights of life.

[IS-80_RVGK2]

Yeah, you give Russia the beginning of the last century when the effective ones got to the helm. How much did the talented capitalists manage to ruin the country and almost completely lose control over the situation?

[Revival]

All the same, I had to break the bottom to at least blurt out something.
It’s hard for you now and it’s getting harder, the facts do not give scope to the defense anymore. Tighten yourself to the praise of the damned 90s, soon from despair and fuck you will begin to praise apparently.
The failures are most clearly visible in your comments, when you have to break through the bottom deeper and deeper in your attempts to "protect" ...))))

[Graduate student]

Quote: parusnik

In a brighter future, in the 90s

I think it will be worse than in the 90s

[Doccor18]

We print some pieces of paper, sell
for other pieces of paper, then to exchange for third pieces of paper ...
GDP is growing ...
And where is the real sector of the economy?
Where are hundreds of plants? Where is a research institute with millions of engineers?
Paperwork economy
not pull out of the crisis.

[9PA]

And there is no such goal to return our country to the level of industrialized

[Doccor18]

It is very unfortunate that there is no such purpose.

[Nemchinov Vl]

Quote: Doccor18

And where is the real sector of the economy?
Where are hundreds of plants? Where is a research institute with millions of engineers? ...

Quote: 9PA

And there is no such goal to return our country to the level of industrialized

so this is sad (!)

Quote: Doccor18

It is very unfortunate that there is no such purpose.

and yet "Yes" (!)
But for example: if the money received from the sale of bonds / OFZ /, from three to five auctions, from conducted over the course of 2-3 years (roughly from one of the spring и one of the autumn in each year) to consistently pour into "Metalist-Samara", creating there (based on it) - center for offshore gas turbine engine building and gear assembly (similar to the Soviet "Zarya-Mashproekt"), then in about 2-3-4 years, the first gas turbine engines and gearboxes will already appear there (!), and shipbuilding programs for the resumption of the Navy, finally cease to slip (!)...

[AU Ivanov.]

Sorry, why do millions of engineers at the research institute? This is an indicator of low computerization in particular and low labor productivity in general.

[rocket757]

In general, it "storms" everywhere.
Quiet only where there is simply nothing to "storm"!
We lived in a "quiet swamp", we "escaped" from it, or rather they pulled us out of it!
Now, on the seas, on the waves, we will hang out with the rest of the "progressive world"!
That's the whole dialectic of the present day!

[Pvi1206]

judging by previous actions of the country's economic power, everything will be done again not in the interests of the people ...

[9PA]

It is socialism in the interests of the people, capitalism in the interests of capital. Do we have capitalism (still wild) or socialism?

[AU Ivanov.]

We have neither this nor that. We have not yet reached the point of normal capitalism. Capitalism performed by former communists is darkness and horror.

[tatra]

Enough of demagogy already. And in the USSR there was real socialism - state capitalism, in which the revenues that under capitalism go into the bottomless pockets of the capitalists went to the country's income, and were spent on the upkeep, development of the country, the great social benefits of the people, and the enemies of the communists imposed on Russia and its people the classic capitalism-when neither the government nor the capitalists owe anything to the people. The authorities collect taxes, and the capitalists believe that their duty is limited to paying taxes and hiring workers.

[AU Ivanov.]

So was socialism in the USSR or state capitalism? You already decide. And income in the USSR was squandered into various banana republics (probably by the will of the people, yeah). And they drove there hundreds of thousands of tons of goods that were in short supply in the Union. Here is such a concern for the people.

[Kronos]

Ordinary mantras have not built the right capitalism. Common Huckster Frames

[AU Ivanov.]

As if Soviet socialism was right? And there were excuses too, then they had temporary difficulties, then the war, which ended more than forty years ago.

[Kronos]

He was normal in the USSR with minuses, of course, but no more

[IS-80_RVGK2]

What is normal? With a bunch of blacks, Turks, Chinese, Ukrainians, Mexicans, migrant workers? With the bombing of democratic oil tyranny bombs? With a bunch of people on benefits without the normal provision of medicine?

[Revival]

No, it’s normal with a bunch of people without benefits and without the normal provision of medicine and anything else, well, except for fines and taxes, they forge here every week

[alone]

The situation now is that I don’t feel like going back to the 90s, and it’s not going forward anyway .. To go forward, we must break and admit the fallacy of everything that has been done in 20 years. Recognizing this is to sign a political death sentence. So it turned out a collapse .. They got it ..

[123456789]

Quote: depressant

Come on step by step! Who, what and why.

So they will rob (Wedding in Robin)

[businessv]

The collapse of the ruble at an accelerated pace or covering the budget deficit without wasting reserve funds, which can instead be directed, for example, to support the economy? Wait and see.

I think there’s no need to watch here either - the collapse of the ruble is so familiar and profitable for the oligarchy that they won’t talk about it! They will acquire the currency and will wait for the ruble to issue, followed by its depreciation, as they always did. As for the expenditures of the state reserve for the recovery of the economy, this is from the realm of science fiction because if such an idea has not visited the minds of our rulers even once in 20 years, it will not even today!

[Snail N9]

We can now, only bitterly recall the team of Primakov, Maslyukov and Gerashchenko, who settled a similar crisis in the late 90s. And although the situation was somewhat different then from today (then there were still quite a lot of operating enterprises of the manufacturing sector, which are now destroyed for the sake of the "raw material"), but I think they could pull the country out of the present ass - in fact, they simply would not have allowed the country to reach the present its position. However, the field of such professionals is now completely cleared out, for the sake of the "IMF managers shaking hands" from the HSE named after Gaidar, sycophants and henchmen of all stripes. There is no one now, to make competent decisions, without looking back at the IMF, without fear of responsibility, there is no one to "turn the plane". Alas, sad times await us ...

[KSVK]

Quote: 9PA

And what is wrong with her politics? Too tough? Big inflation, what's wrong?

Yes, everything is wrong. And not only in her. She is just a stupid performer. As they said, it does so.
But the general domestic policy is a complete asshole.
With tariffs for housing and communal services, with interest on loans, with frostbitten prices for fuel and electricity, our producers do not even have to try to compete with developed economies. And we will continue to depend on the influx of currency from the sale of energy. And the limitations of the money supply for "inflation targeting" then target inflation. And along with this leads to the extinction of the economy. Money is the blood of economics. But once again I repeat that to solve the problem of competitiveness of the economy must be addressed in a comprehensive manner.

PS I want to warn fans to take a walk.
The spouse quarantined (for three weeks she couldn’t even take out the trash) about Kovid and the next day, after quarantine ended, she went to the Peshkom clinic. Therefore, she did not draw up a pass. The next day, the good news, a fine flew in at 4000 rubles. So be careful.

[orlovtube]

Airbag for all citizens of the Russian Federation
1. Create a state bank for servicing bonus personal accounts of citizens of the Russian Federation
2. Put 90% of the NB fund into personal bonus accounts of citizens of the Russian Federation (about $ 3000 per account)
3.Monthly give out to your hands no more than 100 dollars.
4. Monthly transfer to personal accounts of citizens of the Russian Federation 50% of the total sales of raw materials
5. In order to encourage savings, establish account returns of at least 10% per annum

[IS-80_RVGK2]

And all these dreamers and Wishlist, will they at least somehow argue? Or crowed, and then at least do not dawn?

[AU Ivanov.]

Freebie? The Swiss refused it. She corrupts.

[9PA]

Against the background of all this obscurantism, Eli reads a strategy and what is no plan

[orlovtube]

Quote: IS-80_RVGK2

And all these dreamers and Wishlist, will they at least somehow argue? Or crowed, and then at least do not dawn?

I suggest one of the possible scenarios

[orlovtube]

Quote: AU Ivanov.

Freebie? The Swiss refused it. She corrupts.

What is good for the Russian, Swiss freebie

[agond]

Quote: kjhg

No one has this, neither France, nor England, nor Japan, nor, especially, the United States. No one else in the world knows how to reset. For that, our can. Eh, and we were lucky with him.

The reasons for zeroing are mainly not inside the country, but outside, in the USA, they flood the whole world with their dollar bills, and the ruble was tied to it by conversion, this has its advantages, but there are also disadvantages, the main one is capital outflow, export from the country of valuable resources, the import into the country of a mass of goods that can be successfully done by ourselves, including conversion, facilitates the import of drugs. They knew well about these minuses and Stalin abolished the NEP, abolished the free exchange of the ruble (gold) and began industrialization, by the way, during the time of the NEP, smugglers walked across the borders for the sake of our ruble, border guards walked past the dogs to stop them. even artillery had to be used,

[And Makarov]

I remember in childhood such a hopelessness was