Military Review

“These guys viewed default as a commercial operation”

25
15 years ago, the head of the Russian government, Sergei Kiriyenko (Kindersurprise among the people) announced the introduction of a “set of measures aimed at normalizing financial and budgetary policies” - the default and the devaluation of the ruble. Especially for "AN" to the question "What did the default 1998 teach you?" Are answered ...


Mikhail Khazin, economist, journalist, president of the Neocon expert consulting company:

“This would completely debunk the whole demagogy of the liberal reformers team.”


- But then it was possible to prevent a default and get out of the imminent crisis. If the planned devaluation had been carried out in the autumn of 1997, we would get all the advantages of the economic growth of 1999-2003. without a sharp decline and subsequent troubles. But this would completely debunk the whole demagogy of the team of liberal reformers and their understanding of economics. In addition, it would lead to the removal of this team from power - and so, despite the default, it not only survived, but over time strengthened its position.

The default was organized by the liberal team, more precisely, its leadership as part of Chubais, Dubinin, Zadornov, Aleksashenko, Kudrin and Ignatiev. Well, the ideological leader was Gaidar.

Maybe there was someone else, but these people definitely made the appropriate decision. Moreover, they implemented a unique stories phenomenon - default on debts denominated in national currency. It would seem, print rubles and pay all the debts - after all, inflation will be so and so. But no, according to the T-bills, the default was declared!

The reason for this, most likely, is that these guys viewed default as a commercial operation and warned “their own” people to leave the T-bills. As a result, that part of the new business that has grown, bypassing privatization, that is, in an honest way, has suffered greatly. Without a "friendship" with bribe-based liberal reformers.

David Yakobashvili, President of the RusBrand Non-Profit Partnership, Chairman of the Board of Directors of Wimm-Bill-Dann Foods OJSC, Member of the RSPP Bureau:

“Crisis has become for all a certain kind of measure”


- Yes, the crisis made us concentrate, otherwise we were slightly relaxed before him. So we concentrate and try to show ourselves from the best side. You can say now we are fighting.

But before, in fact, it was a completely different time, and since then everyone has changed a lot. That is, everyone during the crisis showed what he is capable of and much more.

Many showed themselves from the negative side, some pettiness appeared in people, and dishonesty began to crawl out. But, on the other hand, in someone, on the contrary, it was during the trials of the crisis that the decency suddenly manifested itself. The crisis has become for all a certain kind of measure, because during a difficult situation, people themselves and manifest for real.

But, as you know, crises primarily occur in the minds. And the main and most important thing that can be done to overcome it is the restoration of confidence and consumption.

Mikhail Delyagin, Director of the Institute for the Problems of Globalization:

"The heirs and disciples of the authors of default lead the country to disaster"


- Like Putin now, Yeltsin 15 years ago completely transferred the issues of socio-economic policy to the liberals, and they led him to a completely natural disaster. I think that the same will happen with Putin, just a little later - due to slightly different oil prices.

Now the socio-economic bloc in Russia is led by the heirs and disciples of the authors of default, who are leading the country to a catastrophe. Dvorkovich is a loyal liberal, Shuvalov is a loyal liberal, has long been Voloshin’s left hand. Ulyukaev - faithful Gaidar. Siluanov from the Ministry of Finance is a student of Kudrin, the first deputy minister of finance at the time of default and shortly thereafter. And who is Mrs. Nabiullina? Whether a graduate student, or just an assistant to Mr. Yassin ...

Stealing and lying as a state strategy continues today, and they make the state incompetent.

As soon as the state refuses to serve the people, it turns into an aggregate of separated gangs who cannot agree among themselves and, even realizing this, still lead the country to a catastrophe in which they themselves will die!

Before the default, people saw and realized that the country was headed by effective and professional managers who professionally and effectively rob them. As a result - fierce hatred!

After the default, the country saw that non-professionals stood at the head of the government (while in Russia there was an insanely low standard of living), but people understood that the state is trying to do something to normalize life.

After the default, society turned out to be healthier than before it, not because people were forced to survive, but because they saw that they were ruled by at least partly responsible people.

When strong Soviet managers, Primakov, Maslyukov and Gerashchenko, came to rake the “Augean stables” (no one would turn the language to accuse them of theft), people saw that this team was really trying to pull the country out of the hole.

Yevgeny Yasin, Scientific Director of the Higher School of Economics:
“There was not enough understanding in Russian economic circles”


- You should not look for someone guilty in the 1998 technical default of the year. The reasons for its occurrence were many: the heavy legacy of the USSR, from which Russia took on debts, 4,5 times the total capital of its banks, insufficient development of a market economy, inconsistency and inopportune actions of various players, underdevelopment of the banking system and much more.

In 1996, a lot of money was spent on presidential elections, there was no money in the treasury, so it was decided to issue state short-term liabilities (T-bills) to borrow under them.

So the 1998 crisis of the year was inevitable. To be honest, I thought that we would enter it earlier, but the crisis in Asia broke out, and this played into our hands. Russia was second in line after the countries of Southeast Asia, but did not pay attention to signals coming from there (for example, oil cost 15 dollars per barrel), as it was busy with its own problems.

Attempts by Western experts to warn of impending danger turned out to be ineffective, because in Russian economic circles - due to the novelty of the phenomenon - there was not enough understanding of how market mechanisms work.

Sergey Borisov, Deputy Chairman of the Government Commission on Competition and Development of Small and Medium Enterprises, Chairman of the Board of Trustees of the All-Russian Public Organization of Small and Medium Business “OPORA Russia”:

“Only a diversified economy can be the answer to an inefficient raw materials economy.”


- The crisis helped me to believe with even greater force that the Russian small and medium business is undervalued and has simply enormous potential to move our economy forward.

The answer to an inefficient commodity economy can only be a diversified economy with a very deep market structure, where there will be strong competition that encourages innovation as a means of competition. And then, accordingly, the level of competitiveness will increase more and more.

Andrei Trapeznikov, member of the board and corporate director of Rosnano, former member of the board of RAO UES of Russia:

“The crisis made it more efficient and more intensive to work”


- The crisis helped us, because it made us work more efficiently and more intensively. Indeed, in times of crisis and a fall in commodity prices, interest in innovative technologies begins to grow.

Oksana Dmitrieva, First Deputy Chairman of the State Duma Committee on Budget and Taxes, Doctor of Economic Sciences, Professor:

“The world system is still built taking into account the leading position of the USA”


- So far, nothing has changed. The world system is still built taking into account the leading position of the United States, which remained the main world economy, and there are no fundamentally different ready-made ideas today.

Fluctuations in the US market results in much larger fluctuations in the Russian market. We do nothing to counteract the decline in production. It was necessary to reduce taxes, expand state demand and provide cheap loans.

The devaluation of the ruble at best can be smooth, and if there are errors in the monetary policy, then a landslide. Unfortunately, with inadequate actions of the Russian monetary authorities, the situation depends only on an external factor: on the growth of prices for raw materials.

Such a monostructural economy, as in Russia, focused primarily on the export of raw materials, is very unstable to crises, and not only to its own, but also to those that occur in those countries to which Russia exports raw materials.
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  1. alexng
    alexng 19 August 2013 06: 39 New
    +7
    Liberasts and liberalists in Africa. There is nothing to add.
    1. vladimirZ
      vladimirZ 19 August 2013 07: 06 New
      +3
      Before the "liberals in Africa" ​​we do not care. We need to deal with our “libersts”, push them out of power, and institute criminal proceedings against them for the damage done to Russia and the Russian people.
      The head of Russia should be representatives of a party of a social orientation, defending the priorities of a planned economy that excludes the onset of an economic crisis, the development priorities of the Russian economy based on not industry sectors focused on other crisis countries, but on processing industries focused primarily on the domestic Russian market and post-Soviet market.
      It is necessary to direct the financial resources of the Reserve and Stabilization Funds of Russia not to US and Western securities to stimulate their economies, but to the processing industries of Russia on the basis of PLANNED ECONOMY, for the benefit of the whole people and Russia.
      Unfortunately, while the "liberals" are in power, this will not happen, and at any moment, new Kindersurprises will be able to organize a new default to the detriment of Russia and the Russian people and for the good of their own "liberalists" wallet.
    2. Alexander Romanov
      Alexander Romanov 19 August 2013 08: 29 New
      +3
      Anecdote of that time- The Minister of Finance runs into a jewelry store, wiping his sweaty forehead: the girl has everything that remains for me, watches, rings, earrings, chains, gold, silver ... I take everything. The people in the store, but what happened? Minister to the people, yes nothing happened, tomorrow you will learn everything from the newspapers.
  2. Garrin
    Garrin 19 August 2013 06: 43 New
    +6
    The default was organized by the liberal team, more precisely, its leadership as part of Chubais, Dubinin, Zadornov, Aleksashenko, Kudrin and Ignatiev. Well, the ideological leader was Gaidar.

    When will these remaining bastards be identified by pillars?
    1. Denis
      Denis 19 August 2013 06: 52 New
      +3
      Quote: Garrin
      When will these remaining bastards be identified by pillars?
      Then the next step should be a review of the results of privatization. And who will do this?
  3. dimon-media
    dimon-media 19 August 2013 06: 49 New
    +1
    Disengage from, as Zhirik once put it, from cf green paper and there will be no more crises. How long will we pay for the mistakes of others and feed pindostan?
  4. My address
    My address 19 August 2013 06: 54 New
    +3
    And we continue to slip these rakes.
    Who commands the economy in the country? The same.
    Maybe they have changed? How so!
  5. dimon-media
    dimon-media 19 August 2013 06: 59 New
    +2
    In fact, the United States and its financial system are theater of the absurd
  6. Alan
    Alan 19 August 2013 07: 02 New
    +5
    Quote: Garrin
    There were many reasons for its occurrence: the difficult legacy of the USSR, from which Russia accepted its debts,

    Nonsense to ruin the economy of the USSR, these so-called reformers began, but it’s simpler to say thieves got into power. And due to the Soviet heritage, we still live, and all thanks to the backlog that we received from our fathers of grandfathers. And the fact that the economy needs to be diversified is not said only by the lazy, only things are still there.
    1. Gari
      19 August 2013 10: 45 New
      +1
      Quote: Alan
      Nonsense to ruin the economy of the USSR, these so-called reformers began, but it’s simpler to say thieves got into power.

      Led by Judas
  7. Revolver
    Revolver 19 August 2013 07: 08 New
    +3
    The reason for this, most likely, is that these guys viewed the default as a commercial operation and warned “their own” people to leave the GKO.

    In America, for transmitting financial information inaccessible to the general public, they are tried and imprisoned. And for using such information in securities trading, the so-called [insider trading] is put on even more, and often with confiscation. So the point is not capitalism and not even liberalism, but that, firstly, the legislation is not debugged, and secondly, that individuals can afford to live not according to the laws, but according to concepts.
  8. dimon-media
    dimon-media 19 August 2013 07: 10 New
    +1
    Another video. When will the end be to them ..
    1. Revolver
      Revolver 19 August 2013 07: 57 New
      +1
      Quote: dimon-media
      Another video. When will the end be to them ..

      Like, "let my cow die, if only the neighbor’s house burns out"?
      1. Armata
        Armata 19 August 2013 10: 27 New
        +2
        Quote: Nagan
        Like, "let my cow die, if only the neighbor’s house burns out"?
        And what became scary? Don’t be afraid, a superman will come, a spiderman and a piece of iron with a super suit and will save all of you poor and unfortunate. There is a correct statement, “Sooner or later you will have to pay for your sins”, and now the country of criminals is not at all sorry.
        1. dimon-media
          dimon-media 19 August 2013 11: 23 New
          0
          That's right you said. How can you feel sorry for those who parasitize on everything and everyone? Whose speculative economy is stimulated by military operations, color revolutions and the destruction of third countries? I, too, like you don’t have a single gram of compassion for this "star-striped evil empire
      2. dimon-media
        dimon-media 19 August 2013 11: 11 New
        0
        the "cow" does not die with us. we live within our means unlike you.
        1. Revolver
          Revolver 19 August 2013 23: 48 New
          -3
          Quote: dimon-media
          the "cow" does not die with us. we live within our means unlike you.

          Well, figure out what will happen to the price of crude oil if America’s economy doesn’t even collapse, but simply withers away like in 2008, but longer — about a couple of years without a break? Taki will fall below the baseboard. And gas will fall along with oil, because at a certain price for oil it will become more profitable to burn oil in the furnaces, and gas demand will fall. And what is the lower oil price inherent in the Russian budget? I don’t remember exactly, but somewhere around $ 100 / barrel. And what was the last 2 times when the price of oil fell below $ 30, remember? That's right, the collapse of the Union in 1991 and the default of 1998.
          Well, since I really want to see how the neighbor’s house is on fire?
          1. dimon-media
            dimon-media 20 August 2013 10: 29 New
            0
            Quote: Nagan
            Well, since I really want to see how the neighbor’s house is on fire?

            Do not believe it. I really want to see. At least one eye. The fact that the USSR collapsed is only partly to blame for the low oil price. Quite inconsequential. The CIA made its contribution to this collapse. Pro-Western propaganda, brainwashing the population, bribery, recruitment of state. officials, introducing their agents into the domestic policy.
            And we will deal with oil prices when we break away from your "green, worthless candy wrapper and move on to calculating our national currencies or create our own allied reserve monetary unit with allied countries. And in general, our economy and budget not 100% depends on the price of oil, and some part of it. To be honest, you are already sick of your raw materials appendage! We have that, besides oil, there is nothing at all and we are not producing anything chtoli ??? Look at yourself, mattresses! In addition to oil futures, bonds and cf-th bucks, you do not know how to produce anything and cannot!
            S, S. I would give my life and not regret it, if only your monster called the USA bent in deadly agony.
      3. Alan
        Alan 19 August 2013 21: 31 New
        +1
        Our house burned more than once in 1991 and 1998, and many more fires were of varying degrees of intensity, and each time representatives of your flag “threw firewood” into the fire and rejoiced in the “beautiful light”. When I didn’t get a salary for 8 months, when I’m sorry, I’ve got 2-3 days, there was simply nothing to do when my country was pulled apart in the corners, with the help of beautiful words about the “democracy” of the sovereignty of your (judging by the flag) “state department” the hooting of the Hollywood tolerasts and the local fifth column. As you know, I had a great desire to see how their house burns and for this not only cows are not sorry, but I myself am ready to die just to see this sight !!!
    2. Grigorich 1962
      Grigorich 1962 19 August 2013 09: 35 New
      +2
      I sleep and see this video .......
      it’s necessary to ruin the States ... but it’s painfully tenacious this infection
      and yet ... I’m sure that Mankind has no prospects in the 22nd century, or maybe earlier if this American infection will continue to live.
  9. Normal
    Normal 19 August 2013 08: 20 New
    +5
    Yevgeny Yasin, Scientific Director of the Higher School of Economics:
    “There was not enough understanding in Russian economic circles”

    - You should not look for the one responsible for the technical default of 1998. ....... there was not enough understanding of how market mechanisms work.


    Here's the fuck! There was no understanding of how to make state property affordable, and how market mechanisms worked, there was no understanding. Doctor of Economics, uncle! .... am
    1. Cpa
      Cpa 20 August 2013 03: 19 New
      +1
      He followed Yasin’s economic forecasts for the 3 years (HSE rector all the same), not one came true! But he was able to buy a buggatti veyron! Either he lives according to other forecasts, or he earns not by market instruments.
  10. And raid
    And raid 19 August 2013 09: 17 New
    -2
    In Russia, a default is needed in order to disperse the entire bureaucratic sharaga and it will definitely be, everything is clear! And keep your savings in dollars, the whole world is built on them. Only in Russia everything rises in price in rubles and dollars, at a time when the whole world is getting cheaper, it cannot go on like this for a long time ....
    1. lewerlin53rus
      lewerlin53rus 19 August 2013 12: 27 New
      0
      Well, we had a default of 98, so what? People began to live better? And the officials disappeared? And investing in dollars is to finance our overseas enemy partners. Then it’s better in gold, for that matter. For centuries it’s been checked, unlike green fucked paper, secured only by empty promises
    2. dimon-media
      dimon-media 20 August 2013 10: 48 New
      0
      The default is needed not by Russia, but by the USA! Default and declare yourself as a bankrupt country! Only then will the United States have a chance to get rid of an unimaginable public debt.
  11. Grigorich 1962
    Grigorich 1962 19 August 2013 09: 25 New
    +1
    official surprises .... yes .... this is our national ....
  12. vot-te-raz
    vot-te-raz 19 August 2013 09: 40 New
    +3
    - You should not look for someone guilty in the 1998 technical default of the year. The reasons for its occurrence were many: the heavy legacy of the USSR, from which Russia took on debts, 4,5 times the total capital of its banks, insufficient development of a market economy, inconsistency and inopportune actions of various players, underdevelopment of the banking system and much more.

    What a heavy legacy ??
    Thousands of factories and enterprises
    - the best education in the world
    -the strongest army in the world
    Yes, a very difficult legacy, so heavy that we have been getting rid of it for 25 years now (apparently to make it easier).
    How to get rid of all this, then we will heal)).
  13. kartalovkolya
    kartalovkolya 19 August 2013 09: 50 New
    +3
    Default - a tool of scum and enemies of Russia! We are a self-sufficient country (the only one in the world) !!!! That's why these stripes hate us so much!
  14. Valery Neonov
    Valery Neonov 19 August 2013 11: 14 New
    +1
    Somehow you’re worrying ...: then there was Russian Prime Minister Sergei Kiriyenko (popularly known as Kindersurprise),now Eifonchik... Everything from them, from the Anglo-Saxons, is “boys in short pants,” or, more simply, agents of influence.
    Quote: kartalovkolya
    We are a self-sufficient country

    ++. Here's another, would the government take the right course ....
  15. tank64rus
    tank64rus 19 August 2013 11: 48 New
    +3
    For these "economists", people and the state are simply raw materials for profit. They have long been soul in London where their family accounts, etc. When will they get what they deserve.
    1. Cpa
      Cpa 20 August 2013 03: 58 New
      +1
      “I’ll leave to live in London” (c) - having leitmotif their souls and looking at the world through the prism of it. And with such songs they instill teens, and a couple of times a week stories about diapers of a newborn prince on TV, our golden anniversary coins print with the head of a British queens. Their wives give birth in Europe, their children buy Amer’s pork for Russia, and somehow, in color, our pig farms are burned right there because of the plague.
      Shevarnadze’s wife for the whole country decided to separate Georgia.
      Gaidar decided to kill the "least fit."
      It’s a shame for them to be a patriot, especially “fermented.” Most live with a suitcase mood, so you can’t lure them into the regions.
      It is hard to believe that all this is stupid.
      At the beginning of the twentieth century, the children of nobles lived in Europe, not really knowing the Russian language, managing hereditary enterprises and lands from there, through clerks. And they did it here that they wanted.
      But what if, having destroyed the USSR, they decided to revive traditions, and now all our clerks rule us? We don’t really know where they got the money for state auctions from the beginning of the nineties.
      Maybe this is nonsense, but what if the newly-born "nobles" were given money to buy assets, in exchange for loyalty to the west. That would explain a lot.
      1. Normal
        Normal 20 August 2013 18: 26 New
        +1
        Quote: KPA
        But what if, having destroyed the USSR, they decided to revive traditions, and now all of us clerks rule?

        Exactly! Exactly clerks! And how to be afraid to be left without a warm chair and a satisfying place, although it is stolen so much that the great-grandchildren do not work. After all, they understand that as soon as the owner expels them, the stolen goods will be immediately taken away.
        So one thing remains - to die in office. Perhaps the successor of the family will not let the world go. Therefore, it does not plant the GDP of the main thieves in order to create a tradition of impunity and irresponsibility, to secure the descendants and the stolen capital of the clerks.
  16. ivshubarin
    ivshubarin 19 August 2013 12: 48 New
    +1
    Grandpa Gaidar would know what his grandson will grow up