We don’t believe in dollars anymore, but why don’t we believe in ourselves
You've been told there's nowhere to run
Such a forecast, which was recently published by the Bank of Russia, looks more like an order. At the very least, indulgence. Or even worse - to the cry of alarmists "save yourself, who can", more precisely - who wants to.
Specifically, the Central Bank of the Russian Federation raised its own forecast for the outflow of capital from Russia. Instead of the previously assumed, that is, before the special operation, the $151 billion leak will amount to $243 billion.
In the next 2023, the situation with the outflow of money from the country is not expected to be so frightening, however, the amount of $69 billion has been raised to $125 billion. And this is after unprecedented sanctions, after Russia was disconnected from SWIFT and after the alleged complete curtailment of banking operations with unfriendly countries.
The beginning of the special operation, as especially advanced financiers immediately began to convince us, should have been the beginning of the end of the omnipotence of the dollar in Russia. Isn't that why the dollars ran over the hill? And the Bank of Russia is not even trying to do anything about it.
Don't go crazy
The blow to the population was dealt with a terrible force - the currencies were quickly allowed to jump at the rate of almost twice, after which thousands of citizens rushed not to sell the notes that had risen in price, on the contrary - to buy.
And after all, which is typical, no one was embarrassed to sell dollars from euros for 150-200 rubles. But no one, well, almost no one, from the bankers was in a hurry to buy at least a hundred. But what can you take from her, from the public - she always acts exactly the opposite in a critical situation.
But even this is if our financial authorities allow it, the public. A big financial catastrophe did not happen only because the people do not have so many dollars and euros in their hands, as they tried to convince us from the same Central Bank.
And the public with foreign exchange cash in a pocket is a minority in Russia, and even those few who still have euros and dollars cherish them under Turkey or Egypt.
And in general, speeches about accumulating currency within the country, in fact, remained speeches - after all, foreign accounts of companies and banks were strictly ordered not to be touched. They remain quite suitable channels for the source of dollars and euros.
What are you fussing me about, it's not money, let's give rubles!
Remember the cult Soviet-Polish film "Deja Vu" and this brilliant response of the administrator of the Odessa hotel to the attempt of the seasoned killer John Pollack to pay off in dollars. And the exchange at the bakery at the rate of 65 kopecks for each "green"?
To stop the outflow of funds from the country, of course, it is necessary. And dollars from euros, and rubles too, Yes, even yuan - this does not change the essence of the matter, although in general Karl Marx, citing the US Federal Reserve as an example, called the export of capital the best type of export.
But the whole point is that, with rare exceptions, on our part, alas, there has never been any export of capital. Russian money continues to work for anyone, but not for the real Russian economy.
The short-term restriction on the transfer of currency abroad in the form of the mandatory sale of export, and therefore obviously foreign currency, proceeds turned out to be too short. But the liberalization of the foreign exchange turnover in the country is, it seems, forever, although only as long as liberals rule the ball in our finances.
It is with their direct submission that instead of de-dollarization we have what we have - an outflow of dollars, and instead of strengthening financial sovereignty - the transformation of Russia into an uninterrupted supplier of currency directly into the pockets of those who are now by no means on our side.
From a sick head to what?
Today it is quite possible to think, but no, to believe that those very lost $300 billion from state reserves were terribly disturbing to our liberals from power. Otherwise, why are they so calmly informing you and me about the upcoming leakage of even larger sums from the country.
It seems to us that the whole point is that the general public has long given up on the monetary authorities and the bankers lured by them, and at the same time on the entire business hangout tied to exports. The Bank of Russia announces the horrors of the currency absolutely calmly. And really, what's the point of knowing a lot and being upset because of this, if you yourself are unable to change anything in any case.
And you can still think that someone in the country is engaged in the withdrawal of capital, absolutely unknown to anyone. Come on, gentlemen from the Central Bank and the Ministry of Finance - if it's not you yourself, then those who act either on your direct instructions, or simply because of the absolute unwillingness to do anything with money here and now.
Like, with those efforts, well, no use. The stakes are too high, any decent project will immediately be plundered, or rather, sawn up like in the good old days, when the words “no money” were really cruel, but true. For which it got a lot and to this day goes to you-know-who.
The policy of connivance of the Bank of Russia with the export of money abroad and its arrest by the enemy in the conditions of a special operation makes us immediately recall both Talleyrand and our professor Milyukov.
The first said that such a thing is worse than a crime - it is a mistake. And the second simply asked what it was - stupidity or treason? We won’t repeat about stupidity, it doesn’t seem like, but the second one doesn’t even need to be proved, even if they sue us.
No money, no need
There is no money in Russia for whom and for what? To increase pensions, to build a frozen highway Moscow-Kazan or launch a full-fledged second branch of the BAM? But you never know what else in Russia could be spent on.
And you don’t have to go far for examples - after all, for the purchase of normal weapons and equipment for the troops of the LPR and DPR and for the restoration of Mariupol. And is it not our money, by chance, that goes to a new American Lend-Lease for Ukraine?
The United States itself definitely does not have normal money, although they can no longer print it, but call it on the computer as much as they like. It helps, however, rather poorly, the mechanisms for global inflation have been launched for a long time, and launched, in a different sense of the same word, frankly, utterly.
In the meantime, in unison with the Central Bank and the Ministry of Finance, they have already started talking in the Accounts Chamber. This, probably, can be considered a kind of deja vu for its leader Alexei Kudrin, who for many years headed the financial department, and indeed the entire economic bloc of the government.
So, in the RF SP they propose either to sterilize, or to delete dollars and euros from the balance sheet of the National Welfare Fund, like other "unfriendly" currencies. So as not to spoil the picture with the income of the NWF.
In general, write off the joy of the enemy. And what will we achieve with this? Paper happiness? For whom and for what? Gentlemen, auditors, don’t you think that the people did not react in any way to the loss of 300 billion dollars and euros from the reserves, because they perfectly understood that nothing would fall from them. Never.
These are not Stalinist bonds for you, for which, many years after the death of the leader of the peoples, you had to honestly pay off.
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