Military Review

Paradoxes of the Russian financial reserve: the reserve can neither be stored nor spent

98
Perhaps, there is no more controversial (in relation to it experts and the general public) segment in the Russian economy than a large accumulative “jug” filled with the resources of the Reserve Fund and the National Wealth Fund. The contradictory attitude towards the funds of the mentioned funds is as follows: some are confident that these monetary savings, coming mainly from the sale of oil and gas abroad, cannot be touched at all in the current economic situation both in Russia and in the world; others say that to sit on a money bag full of trillions of rubles, while the manufacturing sector - the locomotive of the Russian economy - is in a deplorable state, extremely non-constructive and even criminal. Each of the parties is trying to present its “reinforced concrete” arguments in order to strengthen both its own confidence in its own rightness and to attract new supporters to its side.


Paradoxes of the Russian financial reserve: the reserve can neither be stored nor spent


In addition to these two sides of the dispute, which periodically arises in the economic plane, there is a third party. Its representatives are not at all sure that Russia has trillionth of savings. More precisely, we are sure that until some time these accumulations were, but then a certain tectonic shift took place, and most of the money was leaked into the resulting funnel.

Let us try to understand what the Russian “nugget” is today, what state it is in, and how it protects Russians from crises or from news of impending crises.

So, the National Welfare Fund (FDNB) and the Reserve Fund (RFD) appeared in our country for more than 5 years - in the 2008 year, when the Stabilization Fund ceased to exist, breaking up into two new sectors. The financial assets of FDNB and RFD are controlled by the government of the Russian Federation, which at one time decided to keep these funds exclusively in foreign currencies. The lion's share of the funds of the two funds is stored in euro- and dollar equivalent, up to 10% of the funds - in British pounds sterling.

When it was decided that the funds of the funds should be held in foreign currencies, there were cries of bewilderment in Russia: they say why we are talking about the Russian financial reserve and national welfare, and the money ultimately works for third-party economies. State ministers from the Ministry of Finance responded to these claims like this: there is nothing terrible about buying foreign currency for the FDNB and RFD, since there are almost no “outside economies” in the world, and the global economy was born into which the Russian financial system fully integrated. They say that the dollar and the euro will stretch our economy by the ears ...

It would seem that the Ministry of Finance gave clear explanations, and therefore the “annoying” Russians (well, like you and I) should have been left behind, believing that the government financiers were right. However, further government moves lost at least some connection with economic realities. It turned out that the Russian authorities suddenly decided to take the path of the post-crisis strengthening of the Russian ruble. And to go with the goal of ultimately making it, no less, a world reserve currency. It seems to be a very patriotic goal - to strengthen the national currency, increase its prestige ... But such a patriotism can be supported in the current conditions only by a person who absolutely does not understand anything in economics. The fact is that to strengthen the national currency at a time when two funds (RFD and FDNB) are fully packed with dollars, euros and pounds sterling means that the capitalization of these funds is actually directly reduced. Indeed, in Russia neither dollars, nor euros, nor pounds sterling are directly used in trade operations. In order to make any transactions, we need rubles, which at the high rate of the add will be substantially less than it could be before the start of actions to “increase the prestige of the national currency”.

As a comparison, you can give a Chinese example. The PRC authorities have been persisting for several years, trying to artificially lower the value of the yuan. What for? Why, this leads to the fact that all over the world the goods produced in the Middle Kingdom are practically out of competition in terms of price. Washington and London have repeatedly tried to put pressure on official Beijing to “take into account the real value of the yuan,” but Beijing simply ignored these attacks, forcing the financiers from Wall Street to sprinkle saliva in impotent rage. At the same time, China, by and large, is a damn if anyone wants to consider the yuan as a reserve currency or not ... Beijing is somewhat higher than that. They already know very well that without a Chinese manufacturer, supported by government decisions at the rate of national currency, the world economy will simply deflate.

We also announced Napoleon’s financial plans for the ruble, but then, apparently, they remembered in time that the country has reserves that are not stored in rubles. I had to urgently correct the plans to strengthen the ruble, but continued to practice the Kudrinsky policy of accumulating foreign currency from selling oil and gas “for a rainy day”. The idea to continue to fill the jugs and beat one's hands if desired, to send funds from the Reserve Fund to the development of the real sector of the economy was difficult to refuse. The reason was that the ruble equivalent of the two funds began to grow due to the beginning of the growth of the dollar and the euro against the ruble. This growth finally convinced the representatives of the Russian authorities to abandon (at least at this time) the idea of ​​strengthening the ruble. In just over a year (from May 2012 to July 2013), the ruble, so to speak, capitalization of RFD and FDNB increased by 1,22 trillion rubles in aggregate! Only now the lion's share of this growth is connected with the rapid growth of oil and gas exports abroad, and with the depreciation of the ruble against major world currencies.
This added confidence in the correctness of those financiers who said that it was the transfer of funds from the Russian reserve to foreign currencies that would lead to positive changes. But the question is: what kind of positive developments in this regard can be seen? Yes - the ruble mass, if we were to take and transfer all the funds of the two funds into Russian rubles, indeed, at the moment it would be more than in 2012. But, firstly, no one is going to transfer funds into rubles, and, secondly, the percentage of imports of goods after Russia's accession to the WTO today is such that all ruble “earnings” are eaten up by higher prices for foreign-made products. Paradoxical, it turns out, the situation: it is impossible to spend money RFD and FDNB, since we can remain without a safety cushion on the eve of the next crisis predicted by Western financiers, in addition, also by spinning inflation, and not to spend, too The economy has a negative impact on the dynamics of its growth (growth, by the way, fell to a record low in the last 5 years). How to be?

One of the proposals was voiced recently by Vladimir Putin - to use a certain percentage of the Reserve Fund for the development of infrastructure. At his suggestion, money should be spent on building new highways, increasing the throughput of railways and ports, and that kind of money will eventually come back, what is called, a hundredfold. But the problem is that they will not return the next day after the order to allocate funds from the RFD for the development of the country's infrastructure, but at least in 7-8 years, and in our realities - through 15-20, if at all. For modern bureaucrats from the economy, who also want to warm up their hands on the Reserve Fund, such terms are, of course, unacceptable. For them, it would be acceptable if the majority of the funds allocated from the RFD went not at all to the construction of ports and loading terminals, but directly into their pocket.

The words about the development of infrastructure are certainly beautiful, but how can these words be turned into reality with corruption going to new records? If you create another regulatory body that will monitor the transparency of investments, then where is the guarantee that this body will not get bogged down in a corruption quagmire? There is no guarantee. Although if you do work, roll up your sleeves, then there will be guarantees. Examples in stories enough ...

But will foreign financial whales give us money to develop the economy? This is also a big question. Those gentlemen from Wall Street, to put it mildly, will not be completely satisfied if Moscow refuses hundreds of billions of dollars, transferring it into rubles and sending it to the development of the real sector of the Russian economy. After all, they can arrange a second Cyprus: the money is still not in our hands ...

Sometimes it seems that this fact is the main reason that the funds of the funds in a certain amount are still not put into real work, but are at the next stage of keeping foreign currencies afloat ... The word “crisis” reappears as the main horror story. Like, how can you survive in Russia if you begin to manage the reserve money? The crisis will ruin you into powder! Agree, but this is an effective thing, aimed at ensuring that our government experts in finance and further Cerberus sat on the currency “pot”, guarding the sacred dollar.
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  1. a52333
    a52333 28 August 2013 10: 11
    +8
    Thank you for the article +.
    The same gentlemen on Wall Street will be, to put it mildly, not quite happy if Moscow refuses a hundred billion dollars, converting it into rubles and directing it to the development of the real sector of the Russian economy.
    Let them rub their opinion. GDP is MORE IMPORTANT to show teeth than in the issue of Snowden.
    1. ziqzaq
      ziqzaq 28 August 2013 10: 23
      27
      Quote: a52333
      GDP is MORE IMPORTANT to show teeth than in the issue of Snowden.

      It’s more important for the country to cultivate patriotism in people, political activity will then succeed in throwing liberals off the people's neck, but what happens, like the bowels of Russia, is the property of the people, the government sells oil, gas and gives the same money at domestic interest rates to domestic enterprises and citizens .. .....
      The Stalinist model of the economy must be returned ....
    2. Suhov
      Suhov 28 August 2013 10: 38
      +9
      Paradoxes of the Russian financial reserve: reserve you can neither store nor spend

      What are these puzzles?
      What is this object that can neither be stored nor spent?
      Although...
      Maybe this is a reserve that is no longer.
      recourse
      1. ale-x
        ale-x 28 August 2013 14: 53
        +9
        This is a reserve that no one will allow us to spend on a good, in a good understanding, business. Like the gold that was given to hold in their hands, Europeans to Americans.
        1. DEfindER
          DEfindER 28 August 2013 16: 48
          +3
          Quote: ale-x
          This is a reserve that no one will allow us to spend on good.

          That’s the whole point, unless they allow them to grow a competitor, they’re not fools to give our money to us for development, at best they will give them in the form of debt papers .. and there are enough reasons to freeze our accounts, for example, violation minority rights .. Therefore, the only way to develop the oil refining industry and to allow all energy resources to enter the domestic market is the only way industrialization is possible. Enough to pay indemnity for the defeat in the Cold War, by which we have already pulled the economies of the entire Western world out of the crisis, it’s time to stop already .. insatiable creature capitalism will not stretch and all the resources of our planet ..
      2. nycsson
        nycsson 28 August 2013 18: 12
        +1
        Quote: Sukhov
        Maybe this is a reserve that is no longer ...

        Of course not! Forget about the money. They have already forgiven us.
    3. user
      user 28 August 2013 11: 42
      10
      Here I will not agree with you.
      Rothschild (in my opinion) also said that if we have a printing press, it doesn’t matter who is in power. And with this way of storing savings, We have them under a hood.
    4. kartalovkolya
      kartalovkolya 28 August 2013 12: 38
      +3
      I agree with you completely, but I want to add that now this money is being used to prepare aggression against Syria, and then against Russia. Isn't it a crime to finance your own death? We need to immediately withdraw our money from the hands of our worst enemies and "put in order" the financial brains "geniuses" who created all this (felling trees and a quilted jacket bored them)!
    5. Alez
      Alez 28 August 2013 12: 51
      20
      Dollars will not go anywhere; we lend to foreign economies. This is excess money, sterilized from circulation. They will never go to our enterprises at 3% per annum, they will never go to a mortgage for young families at 2% per annum. They will lie until the US economy collapses, and we have a shot at these people. Then, the GDP of Dimon’s rating will drop to zero. We will tear our hair out, cursing the capitalists, and the capitalists will laugh at this time, telling how they pumped Russia’s blood (oil) for toilet paper for 20-30 years.
      1. marat63
        marat63 28 August 2013 13: 48
        +2
        fully support
    6. Alexander P
      Alexander P 28 August 2013 16: 01
      0
      It is appropriate Russian proverb, Hush, go, come faster!
    7. Andrey Yuryevich
      Andrey Yuryevich 29 August 2013 04: 35
      +1
      instead of showing teeth, would you explain where the notorious "stab.fond" disappeared?
  2. varov14
    varov14 28 August 2013 10: 16
    17
    It's just that our "national treasure" Gazprom works for America. Indirectly to the war in Syria - we must call a spade a spade.
    1. a52333
      a52333 28 August 2013 10: 20
      +1
      Something your idea about Gazprom is incomprehensible, and even contradicts itself. Can you explain it in more detail? And what does Gazprom have to do with it?
    2. a52333
      a52333 28 August 2013 12: 53
      0
      It's just that our "national treasure" Gazprom works for America. Indirectly to the war in Syria - we must call a spade a spade.
      Something is not you, not your plusers do not comment on your opinion. I'll try it myself.
      It's just that our "national treasure" Gazprom works for America.
      Indirectly to the war in Syria - you need to call a spade a spade.
      TE in Syria, Gazprom is at war with Gazprom? lol
      The state controls 50,002% of the shares, the rest are investors. Gazprom’s interest in Syria to prevent Qatar from extending the pipe. The interests of investors are different, others with the interests of our state, possibly different.
    3. Airman
      Airman 28 August 2013 13: 39
      +1
      Quote: varov14
      It's just that our "national treasure" Gazprom works for America. Indirectly to the war in Syria - we must call a spade a spade.

      And when you try to take the money, it suddenly turns out that ALL ACCOUNTS ARE ARRESTED, since in Russia there is no shit democracy and gay rights are violated.
    4. CTEPX
      CTEPX 29 August 2013 08: 41
      0
      Quote: varov14
      It's just that our "national treasure" Gazprom works for America.

      You are not just wrong, not right to the point of misinformation)).
      Where do our famous "funds" come from? From our own budget.
      Hence our budget is tightly controlled by our "friends" and their henchmen. And they are the ones who indirectly finance the war in Syria.
      Who is the main donor of the budget? Not Gazprom)). They are trying to kill Gazprom because huge funds are not under the control of the built tribute collection system, and whether they work badly or well for Russia. Moreover, the stupid spending visible to everyone is mere pennies)). We don't know what the real sums are spent on, but judging by the reaction of the "friends" - that's right)).
  3. The comment was deleted.
  4. Standard Oil
    Standard Oil 28 August 2013 10: 30
    20
    In Russia, after the surrender of the USSR and the planned economy to the liberal market philosophy, the puppet leadership of the Russian Federation established an economic model in itself in the image and likeness of Western countries, creating an independent Central Bank obedient to someone unknown, and paying a certain tribute to the winner country (USA), any attempt to influence independence The Central Bank was brutally punished and punished to this day, no matter in which country, no matter what official, for the Shadow government, which runs errands for presidents and ministers, the army of the media and intelligence services, your rank is absolutely insignificant and whether you are even the President of the United States, encroaching on " holy "you run the risk of getting a bullet in the head somewhere in Dallas and a magnificent funeral, and if you are accommodating and follow all the instructions of the" Center ", then a comfortable existence and a happy old age are guaranteed for you and most presidents and ministers, etc., choose a comfortable existence and old age and there is no need to harbor illusions about Putin, he is exactly the same puppet of World Bans Kirov, like Yeltsin, and our money from the "Stabilization Fund" will not go anywhere, but on the contrary, we will diligently pay tribute to them, exactly what they tell us. It is interesting to read Starikov on the topic or "World bondage robbery by ..." Katasonov well or, at worst, the "Law on the Central Bank of the Russian Federation" to lose any illusions.
    1. a52333
      a52333 28 August 2013 10: 51
      +4
      I have read and appreciate Starikov's opinion. Subscribed under the support group About "Nationalization of the Central Bank"
      "you risk getting a bullet in the head somewhere in Dallas and a lavish funeral, and
      I agree one hundred percent. You must act carefully and consistently.
      1) Nationalization of the Central Bank
      2) Pause
      3) Deoffshorization.
      4) Pause
      Otherwise, you can run into.
    2. Yarosvet
      Yarosvet 28 August 2013 11: 56
      0
      Quote: Standard Oil
      or at worst, the "Law on the Central Bank of the Russian Federation".

      Quote: a52333
      Nationalization of the Central Bank

      Gentlemen - can you be independent of other hamadrils? I suspect that no, because in order to be independent of other hamadrils you yourself must be hamadrils.
      1. nbw
        nbw 28 August 2013 15: 39
        -1
        Gentlemen - can you be independent of other hamadrils?


        Take the ruble (10, 100, 1000, iron, luggage - it does not matter), use it with your nose and find the emblem of the Russian Federation on it and an indication of the state. affiliation. Then, for comparison, you can do the same with the Soviet ruble. Then come back, non-hamadryl.
        1. Yarosvet
          Yarosvet 28 August 2013 16: 50
          +2
          Quote: nbw
          Take the ruble
          Well, you’re a straight genius - the coat of arms of the interim government discovered laughing

          Open ACTIVE Federal Law on the Central Bank and find there at least a word that BANK OF RUSSIAbeing FEDERAL AUTHORITY aimed at protecting and ensuring sustainability RUBLE - is something else than the Central Bank of the Russian Federation.
          1. nbw
            nbw 28 August 2013 16: 59
            +2
            is something else than the CBR.

            What kind of demagoguery? What kind of wording - "something else"? Please provide evidence of your implicit statement that the Bank of Russia is the State Bank of the Russian Federation.

            aimed at protecting and ensuring stability

            State Bank should have a goal increasing the economic potential of the countrywhich belongs, and not to ensure the stability of an incomprehensible candy wrapper with a bird that has lowered its wings. Hint: RMB rate.
            1. Yarosvet
              Yarosvet 28 August 2013 17: 14
              0
              Quote: nbw
              Please provide evidence of your implicit claim that the Bank of Russia is the State Bank of the Russian Federation.
              Reread Part 1 of Article 1 of the Federal Law on the Central Bank.

              State Bank should have a goal increasing the economic potential of the country
              Because you so want?
              But the uncles you vote for, including you, believe that raising the economic potential of the country should Ministry of Economic Development of the Russian Federation, and, surprisingly, I agree with them on this issue.

              and not ensure the stability of an incomprehensible candy wrapper with a bird drooping its wings
              You do not seem to get into what a bank as such is.
        2. grafrozow
          grafrozow 28 August 2013 23: 08
          0
          Quote: nbw
          Take the ruble (10, 100, 1000, iron, luggage - it does not matter), use it with your nose and find the emblem of the Russian Federation on it and an indication of the state. affiliation.
          The emblem is not Russia, but the affiliation is indicated, the Bank of Russia.
    3. ism_ek
      ism_ek 28 August 2013 12: 25
      +5
      The reason for the bankruptcy of the USSR was not a planned economy, but a thoughtless "acceleration". In the early 80s, the situation repeated the current one. The economy stagnated. Gorbachev and company decided to disperse the economy by spending reserves. The money was taken from the accounts of citizens in the Savings Banks and foreign loans. But no one thought about the effectiveness of such investments. The deficit was 10% of GDP, and the economy grew by a maximum of 3%. The reserves of the USSR were enough for 5 years. Russia's current reserves will last for a much shorter period.
      Now we need to discuss not the waste of reserves, but the effectiveness of existing spending. It is pointless to spend reserves if we know for sure that they will not lead to adequate economic growth. It’s the same as buying vodka in order to turn in bottles.
      1. ksan
        ksan 28 August 2013 14: 02
        +1
        ism_ek RU Today, 12:25 ↑ New

        The reason for the bankruptcy of the USSR was not a planned economy, but a thoughtless "acceleration". In the early 80s, the situation repeated the current one. The economy stagnated. Gorbachev and company decided to disperse the economy by spending reserves. The money was taken from the accounts of citizens in the Savings Banks and foreign loans. But no one thought about the effectiveness of such investments. The deficit was 10% of GDP, and the economy grew by a maximum of 3%. The reserves of the USSR were enough for 5 years. Russia's current reserves will last for a much shorter period.
        Now we need to discuss not the waste of reserves, but the effectiveness of existing spending. It is pointless to spend reserves if we know for sure that they will not lead to adequate economic growth. It’s the same as buying vodka in order to turn in bottles.
        I also think that reserves should be invested in the economy. But invest only on a "returnable" basis, in profitable projects. That's why they are reserves. And their size and what (what currency) is another question. PS The Chinese are about to reduce their "reserve fund", they have more than $ 3 trillion. The Chinese believe that $ 500 billion is enough for them. The rest can be launched into the development of China, which causes terrible discontent in America
        1. ism_ek
          ism_ek 28 August 2013 14: 46
          +1
          Quote: ksan
          But invest only on a "returnable" basis, in profitable projects.
          Do you know such projects? We do not have such projects.
          Industry over the past 15 years has been destroyed. Tariffs for energy and utilities are growing at 50% per year. It is shameful to be an entrepreneur now. Everything is maximized. Young people dream of an official career.
          We are offered to invest in corporations such as Russian Railways. But you need to understand that we will not receive a return from these funds. If Russian Railways had recouped projects, they could easily take money in the West.
  5. gispanec
    gispanec 28 August 2013 10: 30
    14
    Yes ... Gazprom ... Rosneft .... almost all gas and oil producing-transporting organizations directly or indirectly work under shaving .... somewhere more somewhere less, but usually their mongrels are at the helm. Take the example of ural potassium ?? ... so they took a Russian Jew by the balls for the fact that 1 wanted to be a monopalist
    2 - did not pay all taxes; there are 3 ... 4 .... 5 .... it would seem that they didn’t take it and took it ... they caught a thief and what ?? ... they scream about all this politicization of all Russian channels business ....... the developer threw me ..... the company owes me money and does not pay, the employer did not pay deductions to me for the pension fund and what ?? ... this case is decided in court ... so and here the private trader jumped ... and it’s good that they took him .... let our embossed oligarchs think carefully about that ... are they gods, and if they are gods, then at whose expense ???? ... it’s harmful to steal for health ...... sorry ... boiling up ..
    1. CTEPX
      CTEPX 29 August 2013 09: 11
      0
      Quote: gispanec
      Yes ... Gazprom ... Rosneft .... almost all gas-oil producing-transporting organizations directly or indirectly work under shaving ....

      About Gazprom and the Britons in more detail, if not difficult)).
  6. Nikitin
    Nikitin 28 August 2013 10: 33
    16
    "Oil billions in US securities means:
    RUSSIA CANNOT TRUST YOUR MONEY
    And with this state do you want to negotiate an economic recovery? WITH
    this state must agree on a place in the cemetery!
    State money abroad at a low interest rate means:
    the state recognizes its economic, financial, monetary
    insolvency. Pull the nest egg into the neighbor’s pipe; the Zhinka didn’t drink it!
    Why invested at such a low percentage? And in America they also know how
    kickbacks to pay, you have to think. One percent out of a hundred billion is already something
    poor official.
    All this means a lethal diagnosis:
    TODAY'S RUSSIAN STATE NO MONEY WILL HELP
    Lord. Hard to believe yourself. But we are dealing with one of the classic
    symptoms of an overdue revolution.
    Or pack your bags. Or lubricate the weapon. Or urgently reform
    the state in intelligence and justice by cruel measures "M. Weller, Quote from the book" The Great Last Chance "
  7. Dimach
    Dimach 28 August 2013 10: 36
    +4
    This is an ordinary tribute to the winner from the losing side. Revenues from the sale of resources (part) are left to the Americans.
    1. Yarosvet
      Yarosvet 28 August 2013 12: 01
      -1
      Quote: Dimach
      This is an ordinary tribute to the winner from the losing side.

      Studio surrender agreement
  8. z-exit
    z-exit 28 August 2013 10: 40
    -14 qualifying.
    Quote from the article: But such a patriotism in the current conditions can be supported only by a person who absolutely does not understand anything in the economy. The thing is that strengthening the national currency at a time when two funds at once (RFd and FDNB) are completely stuffed with dollars, euros and pounds sterling means virtually directly reducing the capitalization of these funds. Indeed, in Russia, neither dollars, nor euros, nor pounds sterling are directly used in trading operations.

    Typical reasoning amateur. One of the main principles of investing is not to keep all your eggs in one basket.. Reserves all the more. Kudrin did everything right. Less need to listen to such, as you put it, "annoying" Russians. Today, unless you just need to be even more distributed among the types of currencies and assets (such as, for example, bonds, precious metals, and other low-risk assets). The preponderance of the share of the dollar in the reserve is easily explained in view of its dominance in settlements with supplies for the sold raw materials. The dollar’s ​​share today needs to be reduced due to the active purchase of other assets (gold, for example), Putin has said this more than once. This is done by the way, it would be better if they wrote about it.
    And in general, my advice to you: do not write articles anymore on such topics that are difficult for you. There are other fields for writing, where your energy rushing into writing letters will not take on the color of grief-patriotism. Reserves should be diversified and that’s it.
    1. Dilshat
      Dilshat 28 August 2013 11: 04
      +3
      It will be interesting for us to hear your opinion as a pro. Enlighten us, comment on this video here http://www.youtube.com/watch?v=xBw538EmOA0&list=PLAE5E098683E76016&index=19 Give your links. I speak without any irony. I would like to hear many different opinions .
      1. z-exit
        z-exit 28 August 2013 11: 52
        +2
        Quote: Dilshat
        It will be interesting for us to hear your opinion as a pro. Enlighten us, comment on this video here http://www.youtube.com/watch?v=xBw538EmOA0&list=PLAE5E098683E76016&index=19 Give your links. I speak without any irony. I would like to hear many different opinions .


        I don’t want to disappoint you, but if you are really interested in my opinion as a "pro", then the economy, including in the field of investments, should be studied mainly not by video content. Therefore, I can only recommend scientific and pseudo-scientific literature with the subsequent "link" to a specialized bookstore. It is unacceptable to invest the entire reserve fund in the Russian economy. Since there is a concept of liquidity, that is, all the money in the same Russian Railways and the roads is "zasunov", we risk it at the right time (at the moment of need to prevent a crisis, for example, or another situation with an acute shortage of funds, well, you never know the Olympics are on the nose, war too maybe) not to receive this money back. Therefore, reserves are kept in "liquid" assets. It makes no sense at all to keep a reserve in rubles, since the Russian Federation has a printing press and it can be put into operation very quickly (as in the time of Yeltsin) and the inflation rate will be the same, that from the reserve money into the economy, throw in absolutely everything from the press equally.
        1. CTEPX
          CTEPX 29 August 2013 08: 59
          0
          Quote: z-exit
          Therefore, reserves are kept in "liquid" assets.

          This article just says that our gold reserves are absolutely illiquid)).
    2. My address
      My address 28 August 2013 11: 10
      12
      Z-exit.
      A favorite example.

      You are a business owner. You need funds. Your economic director offers everything that you can, give to the bank of competitors at 2% per annum, and borrow them from 6% for development.
      Nothing like this example?

      In 90, I had to deal with the economy and did not ruin anything or anyone. Although a techie by education. I know for sure that utopia, not friends with common sense, do or scoundrels, or stupid. And do not refer to the inaccessible to normal people of the complexity of the type of quantum mechanics, taught. She also keeps on common sense.
      1. z-exit
        z-exit 28 August 2013 11: 19
        -2
        Quote: My address
        You are a business owner. You need funds. Your economic director offers everything that you can, give to the bank of competitors at 2% per annum, and borrow them from 6% for development.


        Of course, it would be possible to speculate about the disadvantage of the position of the enterprise in the situation that you gave as an example, but I see no reason to flood here since the example is still a bit from a different area, about other problems. It is about the problem of debt and the problem of attracting loans in view of the inaccessibility of own funds or their banal absence in the required volume that arose for unknown reasons. Accordingly, the example here is not suitable as an analogue of what we are currently discussing. What foreign debts of the Russian Federation are you implying? Before the IMF? We have no debts there.
        There is a finite share of loans from abroad, it has even increased recently, but believe me, it is so insignificant in view of the fact that it is at a level much lower than that of a number of developed countries (almost all).
        The given example is also not suitable due to the fact that, in contrast to the owner of the enterprise, the Russian Federation, as the author of the article put it, "sits on a bag of money." Therefore, I see the further development of the discussion in two main keys:
        1) Do I need to spend the reserve? If yes, then what for.
        2) If you do not spend the reserve fund, then where to keep this "money bag".
        1. My address
          My address 28 August 2013 11: 55
          +3
          Where did I mention or hint about duty? So where?

          Why does not an example suit, give specifics, how quite rightly the Marshal Romanov on this site demands in the same way. And in my approach. Our gold currency in our enemies is at a low interest, and it is profitable for enterprises to borrow there, but at a higher one. Or the example does not fit because of extreme clarity?

          What other discussion? Even GDP, not talking about site visitors, knows where to spend money and where to keep it.

          As I understand it, you are an economist by education. Then simply and briefly in the theses substantiate the genius of Kudrin and other Gaidar, but genius for Russia.
          1. z-exit
            z-exit 28 August 2013 12: 24
            +3
            Quote: My address
            Where did I mention or hint about duty? So where?


            "and for development to borrow from them at 6%" - that is, to form a debt.
            The Russian Federation now, if it does, without bias towards abuse and for objective reasons that are completely explainable without a conspiracy theory.
            Here the problem is buried deeper than we are discussing, the problem is that "shaking off" the dollar and equalizing the reserve in the ratio of currencies (in favor of the BRIC countries, for example) is a very difficult task. To exchange the dollar for something useful in small volumes is a very real task, they will sell you the same gold without any problems, for example, but as soon as it comes to a massive exchange (in such volumes as our reserves), difficulties arise even with the issuing US dollar, not to mention China, India, etc. where the leadership is also not fools. The whole problem lies not in the reluctance of such a massive exchange, but in the fact that it is taking place now in conditions when the next day 10 comes to replace one exchanged dollar, since we can sell oil, gas and much more only for a dollar ... Therefore, as they say in such cases, this problem is of a systemic nature and can be solved only at the geopolitical level, where the managers of the gold reserves have little weight, alas. Therefore, all that can be done quickly with this dollar now is to exchange it for US Treasury bonds and little-needed derivatives in order to get at least some percentage, but in the future, decide where to shake off this good.
          2. yanus
            yanus 28 August 2013 12: 59
            0
            Quote: My address
            Where did I mention or hint about duty? So where?

            Why does not an example suit, give specifics, how quite rightly the Marshal Romanov on this site demands in the same way. And in my approach. Our gold currency in our enemies is at a low interest, and it is profitable for enterprises to borrow there, but at a higher one. Or the example does not fit because of extreme clarity?

            Of course, I understand that everything has suddenly become analysts for us, but is it necessary to understand something a little? No, really ...
            Let's reflect a little on the topic, what if oil prices will fall by half? After all, there were such examples (once it ended with the collapse of such a rather big country). As long as you have a "pod" - you can go through for a year or two, for example - 2008. And if there is no egg-capsule? Here you personally go through the pensioner with the news - "We are reducing your pension by 25% in connection with the fall in oil prices"?

            Imagine another situation. The enterprise borrows money from the bourgeoisie for opening / development and is shut down in six months. Of the assets, two computers and a non-liquid warehouse remain. Bourgeois bank in flight. The same was the state in flight. But the bank will write off, but the state? Are you personally ready to finance losers-businessmen from your taxes? What about corruption under "bad loans"?
            Our "money box" is kept at low interest and low interest is a payment for a money back guarantee. Actually, this is spelled out in the laws - to invest assets in instruments of the highest reliability. The basis of such instruments is government bonds. No, you can, of course, buy gold futures. You can get a bunch of interest, but you can just as well lose all the money. But government bonds - a 2% guarantee.
            Why the egg-capsule abroad? Because, in order not to cause an overheating of the economy, this economy must be orders of magnitude larger than the sum of the "money box". Therefore, the US government bonds are still in demand, despite any howls.
            Why do the bourgeois borrow us expensive? And you open statistics on Rosiii for new companies. More precisely, how many of them close in the first year. Apparently there are the same economists as you are working ... High interest rates cover credit risks. it is precisely because of this that consumer loans are the most expensive - they have the most non-repayments and no collateral.

            Is it really impossible to invest surplus money in the economy? Yes it is possible, of course, and this is being done.
            A typical example is the sale of arms for export on credit. The loan is given to the state, which means a guaranteed return. At the same time, money immediately returns to its own economy and helps the development of the military-industrial complex.
            Generally related loans to other states are quite effective.

            And stories in the style - "the stabilization fund must be invested in their own economy" is stupid populism from the lack of education of the population. And this is at best, at worst - a way to cut budget money
            1. z-exit
              z-exit 28 August 2013 13: 16
              0
              Quote: yanus
              Is it really impossible to invest surplus money in the economy?

              I hasten to upset you. Reserves, except in currency and gold, are almost no more, well, bonds are still reliable, maybe just a little bit.
              I didn’t pass you, you write everything correctly, but do not forget, we are discussing reserves now, and not state investments in general. Reserves investing is significantly different from investing in other funds. Here the task is different, so that reserves after these investments do not cease to be reserves. This greatly complicates the task, here you can’t invest in Russian Railways and the Far East, maybe everything will be needed in two weeks, and everything is already ... no ... they bought railroad ties, they will say Russian Railways ... disassemble and sell the railroad ties and buy weapons if you we need money, we won’t help anything else, we don’t have money ... (example in case of war)
              1. ksan
                ksan 28 August 2013 14: 16
                +1
                I hasten to upset you. Reserves, except in currency and gold, are almost no more, well, bonds are still reliable, maybe just a little bit.
                I didn’t pass you, you write everything correctly, but do not forget, we are discussing reserves now, and not state investments in general. Reserves investing is significantly different from investing in other funds. Here the task is different, so that reserves after these investments do not cease to be reserves. This greatly complicates the task, here you can’t invest in Russian Railways and the Far East, maybe everything will be needed in two weeks, and everything is already ... no ... they bought railroad ties, they will say Russian Railways ... disassemble and sell the railroad ties and buy weapons if you we need money, we won’t help anything else, we don’t have money ... (example in case of war)
                And if a conflict (military) requiring reserves directly contradicts the interests of America? And practically everything EVERYTHING that Russia does contradicts its interests. What then?
                1. z-exit
                  z-exit 28 August 2013 14: 56
                  -1
                  Quote: ksan
                  And if a conflict (military) requiring reserves directly contradicts the interests of America? And practically everything EVERYTHING that Russia does contradicts its interests. What then?

                  Obviously, in this case, Russia receives the risk of losing the right of claim for that part of its reserves that was invested in financially controlled instruments controlled by the states. In order to avoid such an undesirable dependence, it is necessary to diversify assets by countries (BRIC for example) and assets (buying gold). He wrote about it above.
                  With proper allocation of reserves, the consequences of such decisions on the part of the United States will be minimized.
                  Judge for yourself. Let us hypothetically assume that Russia's reserve is structured correctly and competently. Well, let's say that the share of US Treasuries and currency in the reserve is no more than 20%. As it should be, if not for the oil trade with almost all countries only for the dollar, which constantly bends this currency balance in the direction of overvaluation. The question is, what then can the United States do with our reserve? Do you think this 20% will block? Ruled out. It can, of course, block this part, but I think it will not for many reasons, one of the most important of which will be the fear of losing its "face" in front of other countries (the United States is proud of the reputation of paying off its debts on its bonds on demand, for more than 200 For such a reputation the US is chosen by many) The blocking of Russian securities can lead to the flight of a number of countries from the dollar, which ultimately will primarily damage the US government itself on a much larger scale than Russia.
                  1. Blackwing
                    Blackwing 28 August 2013 16: 45
                    +1
                    Quote: z-exit
                    Do you think this 20% will block? Ruled out. Of course, it can block this part, but I think it will not for many reasons, one of the most important of which will be the fear of losing its "face" in front of other countries (the United States is proud of the reputation of paying off its debt on its bonds on demand, for more than 200 years, without a single negative pretender. For such a reputation, the United States is chosen by many)


                    Unfortunately, you are deeply mistaken - http://russian.rt.com/article/14050.
                    This is how the United States values ​​its reputation. When it is profitable for them, they will show a large cookie.
                    Investments / investments in currency / cb that are not provided with goods is the most risky investment. As an economist, you should at least know this.
                    1. z-exit
                      z-exit 28 August 2013 19: 43
                      0
                      Quote: blackwing
                      Unfortunately, you are deeply mistaken - http://russian.rt.com/article/14050


                      Read carefully I wrote about US bonds , which for 200 years I repeat have a brilliant reputation. I hope you understand that gold and bonds are absolutely different assets with completely different histories. The golden "deeds" of the USA really have a negative historical background, what you refer to was more than once in the history of the USA (remember Sh.D. Gol, and similarly with Canada)
                      Well, about investments in foreign currency, I did not say that they are risk-free, on the contrary, they are also risky. But it is unfortunately impossible to abandon the currency in the reserve (I emphasize in the "reserve", and not in the investment portfolio), since it is this currency that provides the highest liquidity. There are ways to minimize currency risks and I wrote about them above (diversification).
              2. yanus
                yanus 28 August 2013 14: 27
                +1
                Quote: z-exit
                I didn’t pass you, you write everything correctly, but do not forget, we are discussing reserves now, and not state investments in general.

                Well, reserves for that and reserves to be in reserve - reliable and easily accessible.
                Actually government bonds are very, very liquid. To sell US government bonds for 1 billion dollars is to press a couple of buttons on the computer.
                1. z-exit
                  z-exit 28 August 2013 15: 21
                  0
                  Quote: yanus
                  To sell US government bonds for 1 billion dollars is to press a couple of buttons on the computer

                  Yes, it really is, but to sell honey mushrooms for dollars, and then again buy bonds for these dollars that do not bring 1% of income for a year ... that’s the problem of the exporting countries that are already stuffed with this dollar. The best economists of countries such as Russia, China, India, etc. are struggling with this problem.
                  If someone believes that he has an economic solution (I emphasize "economic", not political, military, etc.) for this situation and is sure that he can do something smarter than Kudrin did in his time, well dare - a great future awaits you, because such knowledge is in demand not only in Russia, but also in a number of other countries, like the same China, India, Brazil ...
                  Good luck hi
              3. CTEPX
                CTEPX 29 August 2013 09: 08
                -1
                Quote: z-exit
                Quote: yanus Is it really impossible to invest surplus money in the economy? I hasten to upset you. Reserves except in currency and gold, almost nothing else

                It's nice when two specially trained people are talking to each other)).
            2. Yarosvet
              Yarosvet 28 August 2013 13: 30
              +2
              Quote: yanus
              The loan is given to the state, which means a guaranteed return.

              Yeah - guaranteed laughing
              1. yanus
                yanus 28 August 2013 14: 24
                +2
                Quote: Yarosvet
                Quote: yanus
                The loan is given to the state, which means a guaranteed return.

                Yeah - guaranteed laughing

                First, these questions are to the leadership of the USSR
                Secondly, government bonds have levels of reliability. In the USA, the main European countries, it is maximum. For those listed by you, it is minimal and, by law, our money can not be invested there.
                1. ksan
                  ksan 28 August 2013 14: 54
                  +2
                  First, these questions are to the leadership of the USSR
                  Secondly, government bonds have levels of reliability. In the USA, the main European countries, it is maximum. For those listed by you, it is minimal and, by law, our money can not be invested there.
                  And in the third, the "reliability levels" of these very American securities, the American agencies and establish. And what about debts: Who can provide information that the Amers have written off someone's debt? But America (the IMF) owes half the world, so why is Russia writing off its debts? Or is Russia the richest in the world? And debt, even "hopeless", is a lever of influence (pressure) to advance one's interests.
                2. Yarosvet
                  Yarosvet 28 August 2013 15: 58
                  +1
                  Quote: yanus
                  government bonds have levels of reliability. In the USA, the main European countries, it is maximum.
                  I agree with that.
                  Moreover, in the paradigm of globalization and adoption as the norm of social Darwinism with a significant stratification of society, such investments are a legitimate regularity.

                  Another thing is that article 7 of the Constitution of the Russian Federation logically requires directly opposite actions - the development of the domestic market, production, a significant increase in social guarantees - that is, not stash, but investing in money in our own economy.
                3. Blackwing
                  Blackwing 28 August 2013 16: 49
                  0
                  Have you ever wondered who puts national, corporate ratings?
                  If S&P and Moody's are under your control - why would you worry about giving bad ratings to your companies / government?
            3. ksan
              ksan 28 August 2013 14: 43
              +3

              And stories in the style - "the stabilization fund must be invested in their own economy" is stupid populism from the lack of education of the population. And this is at best, at worst - a way to cut budget money
              If you invest in your own economy "stupid populism", then invest in the American economy when ours is a betrayal in the priest. Don't you think?
              1. Blackwing
                Blackwing 28 August 2013 16: 50
                0
                100% agree.
  9. Dilshat
    Dilshat 28 August 2013 10: 44
    +4
    In pursuit of the Fed’s refinancing rate and the Central Bank’s ruble, that’s it. But Putin regretted that Kudrin was leaving the Ministry of Finance. A country without a treasury is a colony. Therefore, it makes no sense for China to create an alliance with a foreign colony.
    For Russia, the song of one Person becomes relevant:

    If there is a flock, there is a shepherd,
    If there is a body, there must be a spirit,
    If there is a step, there must be a trace,
    If there is darkness, there must be light.
    Do you want to change this world
    Can you accept as is
    Get up and go out of the ordinary,
    Sit on an electric chair or a throne?

    Again, outside the windows is a white day,
    The day is causing me to fight.
    I feel, closing my eyes, -
    The whole world goes to war with me.
    He died tragically in his prime under strange circumstances. Was it because he sang the wrong songs?
  10. Samsebenaum
    Samsebenaum 28 August 2013 10: 45
    +6
    "... the reserve can neither be stored nor spent."

    Who said "no"? Who's in the way?
    It is possible for us if there is such a goal.
    With all the intricacies of financial and banking mechanisms, I want to express my attitude to this problem: Money must work. To work, and not to lie in a "dead" mass.
    Our money should work for our economy. Daily and hourly.
    And we do not need paradoxes. Only effective solutions are needed.
    For reference: The paradox is the lack of order in a causal relationship (example: there is a reason, but there is no effect; there is a consequence, but there is no reason).
  11. MIKHAN
    MIKHAN 28 August 2013 10: 45
    +7
    Something I have a hunch that we will never return this money (from the funds) .. It will be insulting.
    1. ksan
      ksan 28 August 2013 13: 40
      +1
      But who told you that these funds are with someone? Why don’t we see them or cannot spend? Whether or not to spend this money is decided by the Government of the Russian Federation. And what kind of government will be with us ultimately also depends on us.
  12. Nikitin
    Nikitin 28 August 2013 10: 49
    13
    The "safety cushion" in the form of any placement abroad for a "rainy day" is a lie for the electorate in order to justify the crime of the authorities against their own people. And this is not a pillow - but a noose around our neck. Is it really not clear that in "dark days" the strongest survive and no one gives money to the weak, even their own. Russia's "safety cushion" is its own economy, jobs, and its ability to provide food and other material benefits for itself and its army. All the rest is verbiage from the evil one.
  13. The comment was deleted.
  14. My address
    My address 28 August 2013 10: 51
    +1
    I have a question.
    Someone will bang their head against the wall when the gold currency is "accidentally lost"? Shoot himself like a decent person, but at the same time curse the liberals? Or will the crisis be to blame?
  15. Asan Ata
    Asan Ata 28 August 2013 10: 53
    +4
    If you keep money in the pocket of the enemy, then either he is not the enemy, that is, you are deeply mistaken. Or it’s not your money. You just need to understand one thing - what happened during the collapse of the USSR? Surrender with prescribed actions to control the country and transfer values ​​to the winner’s pocket, or what? Remember a bunch of pro-American managers from the time of Gorbachev-Yeltsin, strict instructions on the destruction of part of the nuclear arsenal, a bunch of trained Russian American military. Probably, all the same, secret documents were signed so as not to get partisanism and resistance. The Federal Reserve Fund and the RFD feed the US economy, on the one hand, and rob Russia of money on the other. So, was there any surrender?
  16. Vorchun
    Vorchun 28 August 2013 10: 55
    +5
    I am in the economy of zero (as probably many), but would prefer to sit on my little bar of gold, although physically and not comfortable than on a bag of dollars.
    1. tirazu
      tirazu 28 August 2013 12: 00
      0
      Specifically, you can save a little bar of gold in a difficult situation. And imagine what will happen to world gold prices if any state throws a couple of hundred tons onto the market? Suppose the same thing happened to oil prices of 80 s.
      1. Blackwing
        Blackwing 28 August 2013 16: 55
        0
        In the short run, gold prices may fall. Because the whole world market is a soap bubble and exclusively speculative capital works on it. contracts for oil, gas, gold, etc. are concluded without delivery of goods.
        Somewhere statistics were given for 10-11 years, that the volume of trading in oil futures exceeded the threshold at which, in the case of execution of contracts, there was not enough oil worldwide.
  17. optimist
    optimist 28 August 2013 10: 55
    +4
    Well what can I say? "Woe to the vanquished," as the ancients said. They are stubbornly trying to drum into us that the "dashing 90s" and dancing to someone else's tune have sunk into oblivion. And although this ebna's vomit has already been eaten by the worms, nothing has changed. And if the “patriot” of the GDP (but really just the appointed “overseer” of Russia) tries to really “kick up”, Kennedy’s fate is guaranteed to him ...
  18. Captain45
    Captain45 28 August 2013 11: 13
    +2
    Of course, I am not a big specialist in finance, especially on a global scale, but as a simple person I will simply say in a worldly way that the owner who keeps his stash with a neighbor, especially one such as the West. History teaches that he does not teach anything. An example is the story of the Cypriot offshores. They decided to confiscate and confiscate. Tomorrow they will start bombing Syria, and Russia will be presented with loans collected by companies in Western banks, and so that the state could not help with the funds of the FdNB and RFD, they will find a lot of reasons for this money to stay where lie, i.e., in the economy and banks of the West. That is all and how the diplomats would not sit down afterwards, no matter what the country's top officials say, even if they call everyone swear words, in real life all the remnants of the economy will come under the full financial control of Western banks. the girl is having dinner, then she dances, but in reality, in the management of all large companies, no matter how they call them public or private, foreign capital has long been present and in the boards and directors of at least a third of representatives of foreign capital ala.An example before my eyes is Norilsk Nickel, so that Potanin does not speak there and whatever statements are made for the press, it is enough to read the composition of the board of directors and it is clear which of the xy.
  19. a52333
    a52333 28 August 2013 11: 34
    +1
    No, wait. It is clear that the situation is deplorable. It is clear that nobody will let us go just like that. Who wants a cash cow walking on its own. It is clear that momentarily the issue cannot be resolved (the lobby of the amers and the Britons is sitting in both the State Duma and the government). And the president is hard, quickly impossible = howling from the liberals and the fifth column + the media. So we go with a goose step, slowly arming ourselves. learn to defend our interests. And quickly only cats will be born. We are 33 of the year in this shit, if someone did not pay attention, and our actions are reminiscent of the actions of a frog, which whips butter in a lid of milk. I want to bleed Wall Street no less than yours, but let's not rush things. Everything is going on gradually.
    1) The law on the nationalization of the Central Bank in the State Duma is ready (working group of E. Fedorov). Commissions reviewed. The president is in control. Will be submitted to the State Duma in September (after the holidays)
    2) The TFR of the Russian Federation boasts that it has implemented the GDP directive in the preparation of the Deoffshorization bill. I really didn’t find the bill (I searched last night). Do not hurry. All will be.
    1. Garrin
      Garrin 28 August 2013 11: 41
      +3
      Quote: a52333
      (the lobby of amers and Britons sits in both the State Duma and the government)

      Well, what kind of lobby in the State Duma are you talking about, if the majority of them have EP completely controlled by the president and the prime minister?
      1. a52333
        a52333 28 August 2013 11: 57
        0
        EP completely controlled by the president and the prime minister?

        So well, they did not vote unanimously for Act No. 103616-6?

        OFFICIAL FEEDBACK

        on the draft federal law No. 103616-6 "On making
        amendments to Article 16 of the Federal Law "On State
        civil service of the Russian Federation ", made
        State Duma deputy E.A. Fedorov

        Or are they together until it personally concerns them?
        1. Yarosvet
          Yarosvet 28 August 2013 12: 38
          +1
          Quote: a52333
          So well, they did not vote unanimously for Act No. 103616-6?


          OFFICIAL FEEDBACK
      2. ksan
        ksan 28 August 2013 14: 34
        0
        Garrin (1) SU Today, 11:41 ↑

        Quote: a52333
        (the lobby of amers and Britons sits in both the State Duma and the government)

        Well, what kind of lobby in the State Duma are you talking about, if the majority of them have EP completely controlled by the president and the prime minister?
        Do you think EP is one? Yes, there are a lot of different people, there are those who support the president, there are people who "got there" on the wave of Putin's popularity as his "supporters", but in fact, only for their own selfish interests. And the rest of the games are the same.
        1. Yarosvet
          Yarosvet 28 August 2013 16: 16
          +1
          Quote: ksan
          Do you think EP is one?
          In terms of disregard for the citizens of the Russian Federation, the priority of hammering the dough over everything else and Putin's support is monolithic: when voting on the issue of joining the WTO, 237 out of 235 deputies voted “FOR” (1 was absent, 1 abstained).

          There was not a single initiative of Putin or Medvedev that the EP did not support almost unanimously, and this is not surprising: delve into its history - the EP was created specifically for Putin.
    2. Captain45
      Captain45 28 August 2013 11: 55
      +1
      For a5233: Yes, I'm not saying that everything should be done at once, given the situation in the country and where the country itself ended up. It's only here that one comrade recently, in an article about Russia's readiness for war, proposed to solve all the economic problems at once in the style of Klim Chugunkin: "Yes, take everything and divide!", Exactly. Similarly, I understand Putin's statement that we are not 37 years old. It was then possible to solve problems with a strong-willed decision, supported by the relevant decisions of the Politburo, now it does not work out that way. Russia is too deeply integrated into the world economy, in other words, it got bogged down in d.e. e.m., the more you start to pull out your legs, the more of this one scatters around and the more stench, and after all, nobody wants to get dirty due to It would be a natural disgust for a person. In the West, everything is possible: both pleasant and tolerant, but in Syria, lice are sacred and inviolable animals for jihadists.
      1. a52333
        a52333 28 August 2013 12: 13
        +1
        Yes, take everything and share! "
        These Sharikovs waved! Once again, a civil war was wanted. Passed already. And the most disgusting thing is that
        Yes, take everything and share! "
        = Civil war, or at least destabilizing the economy, they pour water on the mill to the amers. Just think: a strong shock, or God forbid war, for them are the first signs of stabilization. and right there amers or shaving come upon us in a new way. THOSE. this has already happened after the revolution. Only we will be thrown back to 10-30 years ago, not to mention demographics. Instead of having a little patience. Liberalists' GDP is squeezing. But it will not work quickly. All catch minus. Spit. My own opinion is more expensive. I’m not an oligarch, like everyone here, and I don’t get grants. I just analyze if so and if in a quick way.
        1. Captain45
          Captain45 28 August 2013 12: 19
          0
          Quote: a52333
          These Sharikovs waved! Once again, a civil war was wanted. Passed already. And the most disgusting thing is that
          Yes, take everything and share! "
          = Civil war, or at least destabilizing the economy, they pour water on the mill to the amers. Just think: a strong shock, or God forbid war, for them are the first signs of stabilization. and right there amers or shaving come upon us in a new way. THOSE. this has already happened after the revolution. Only we will be thrown back to 10-30 years ago, not to mention demographics. Instead of having a little patience. Liberalists' GDP is squeezing. But it will not work quickly. All catch minus. Spit. My own opinion is more expensive. I’m not an oligarch, like everyone here, and I don’t get grants. I just analyze if so and if in a quick way.

          I agree with you, I hold the same opinion.
  20. rudolff
    rudolff 28 August 2013 11: 42
    +2
    Meanwhile, Russia's external public debt continues to grow on the sly. And budget deficits are covered by external borrowing, and not from the reserve. The problem is that there is generally no "real" money in the "box". There are securities (loans, bonds, rights, etc.) denominated in certain currencies. Those. They have limited liquidity. For example, American securities cannot be dumped on the market ahead of their maturity without losing their face value. That is, we seem to have money, but we do not have it.
    It was necessary to start investing in infrastructure projects twenty years ago. Just nobody needed it. Including Putin. The mere expansion of the Euro-Asian transport corridor could produce a profit commensurate with oil export revenues. But in fact it remains that all of the main Russian infrastructure has been inherited from tsarist times and partly from Stalin's.
    1. ksan
      ksan 28 August 2013 15: 03
      -1
      rudolff SU Today, 11:42 AM

      Meanwhile, the external public debt of Russia is quietly growing. And budget deficits are covered precisely by external borrowing, and not from the reserve
      Where did you get this information from? That Russia is "on the sly" growing external debt? And how do you know what "Putin needs and does not need" he told you himself in confidence?
      1. The comment was deleted.
      2. Yarosvet
        Yarosvet 28 August 2013 16: 36
        +2
        Quote: ksan
        Where did you get this information? That Russia's external debt is growing "on the sly"?


        Why secretly? The Ministry of Finance speaks openly about this.
        1. Curculum
          Curculum 28 August 2013 17: 19
          0
          Quote: Yarosvet
          Why secretly? The Ministry of Finance speaks openly about this.

          And according to information from the Ministry of Finance (http://info.minfin.ru/debt.php) we have a slightly different "picture".
          1. Yarosvet
            Yarosvet 28 August 2013 17: 41
            0
            Quote: Kurkul
            And according to information from the Ministry of Finance (http://info.minfin.ru/debt.php) we have a slightly different "picture".

            Trend - increase or decrease?
            1. Curculum
              Curculum 28 August 2013 18: 13
              0
              Dear Yarosvet, maybe you will be surprised, but I can easily compare the external debt data not only for January, but also for July 2013/2012: 49,58 / 41,55, which is already an increase of 19,3%, i.e. .e. the difference in "increases" is -22,5%. And what is your opinion on the comparability of these figures?
              PS These data can be found on the above site.
              1. Yarosvet
                Yarosvet 28 August 2013 18: 23
                +1
                Quote: Kurkul
                Vitaly - it’s clear that everything is relative, but for now there is no reason to talk about debt reduction — we can talk about fluctuations.
                But against the background of the fact that the authorities are going to "cut" the social component of the budget, there are reasons to believe that there are a number of problems that cannot be solved without cutting the social sector, and therefore the debt is likely to grow in the foreseeable future.
                1. Curculum
                  Curculum 28 August 2013 18: 24
                  0
                  Quote: Yarosvet
                  but for now there is no reason to talk about debt reduction - we can talk about fluctuations.

                  Absolutely agree! drinks
  21. Kirill
    Kirill 28 August 2013 11: 45
    +2
    Unfortunately, economically we are still occupied ...
  22. Ross
    Ross 28 August 2013 11: 48
    +1
    Quote: a52333
    Let them rub their opinion. GDP is MORE IMPORTANT to show teeth than in the issue of Snowden.

    But this is followed by the immediate aggression of international bankers, examples of darkness: the death of Stalin (introduced the gold ruble untied from the dollar), the death of Gaddafi (tried to make the Golden Dinar-one for all of Africa), etc.
    1. a52333
      a52333 28 August 2013 12: 16
      +4
      I agree. Neatly. and one clarification: This is not about that part of the money that is stored in the West in the form of US government bonds, you can forget about that part. And the one that we have. ITS NECESSARY to invest in infrastructure, the Northern Sea Route, for refinancing enterprises that want to leave offshore.
  23. FC SKIF
    FC SKIF 28 August 2013 11: 49
    +5
    Forget about the money from these funds - they are no longer ours. This is a kind of tribute to the west. When this nonsense ends with similar funds, then it will be possible to talk about real financial sovereignty.
    1. Captain45
      Captain45 28 August 2013 13: 04
      +2
      Quote: FC Skif
      Forget about the money from these funds - they are no longer ours.

      "This is not your tooth or even my tooth. This is their tooth!" K / f "Don't be afraid, I'm with you"
  24. goodcow
    goodcow 28 August 2013 11: 54
    +4
    when Lesha Kudrin, during a frenzied increase in oil prices, the State Duma deputies suggested spending money from the high oil price on construction is expensive, etc., he said that this was unfair (not honestly received) money and no one would allow us to spend it on ourselves !!!

    We should not forget that the central bank of Russia is a money-changing office.

    Referring to China is incorrect:
    1) they provide goods themselves!
    2) there is no fifth column
    1. Yarosvet
      Yarosvet 28 August 2013 12: 41
      +1
      Quote: goodcow
      We should not forget that the central bank of Russia is a money exchange office

      And now this exchange office is endowed with the functions of a mega-regulator - with the submission of the "infallible" among other things laughing
  25. mak210
    mak210 28 August 2013 11: 59
    0
    There is also a conspiracy theological version, not reflected in the article, but very similar to the truth. Allegedly, an agreement was reached that our certain portion of currency excerpts is transferred and stored in dollars (euros, etc.), with incomes below their inflation, and theirs will ensure a high oil price. An attempt to withdraw reserves will lead to a drop in the cost of a barrel and a complete collapse of our entire budget sphere, and a possible famine, given the almost complete destruction of domestic agriculture.

    We already saw an example of such actions in the 70-80s ($ 8-10 per barrel), which the OPEC countries, completely controlled by the USA, will easily repeat, especially after the well-known events in North Africa and the Middle East. In exchange, the latter countries will receive (in fact, they already received in the late 80s instead of the collapse of the USSR) free emigration of labor-surplus Muslims to Europe and tolerance of them (European Caliphate). The failure in oil prices has already led to a severe crisis and regime change in the USSR (remember the store shelves of the late 80s?), Although at that time the USSR economy was more independent from the West and almost completely supplied itself with food.

    The first period of high oil prices in recent history has ended. It lasted from 1973 to 1985. and thus took 13 years. The average price of a barrel of oil during this period was 21 dollars. If we discard 1973 with its 2,83 dollars per barrel not too distinct from zero, then the average price of the next twelve-year period was 23 dollars.

    In 1986, a period of low oil prices began and lasted - strangely enough - almost the same 13 years. To be more precise, it’s fourteen, from 1986 to 1999. The average price of Brent crude for this period was $ 17,78 per barrel, with a peak of $ 23,73 in 1990 (the Gulf War) and a low point in 1998. - 12,72 dollars per barrel.


    When calculating, consider the rapid decline in the purchasing power of the dollar over 20 years: what was $ 100 in the 90th year and now?

    With an oil price of $ 50, power in Russia will change
  26. Captain45
    Captain45 28 August 2013 12: 01
    +1
    The board of directors of Nornickel was headed by the former CEO of De Beers, 50-year-old Irishman Gareth Penny, announced the CEO of MMC Vladimir Potanin. Norilsk Nickel now more than ever needs an independent chairman of the board to take into account the interests of different shareholders, he stressed.
    Penny nominated Interros structures to the Norilsk Nickel Council, told two sources close to MMC. The new chairman of the board has tremendous experience as a risk manager, one of them emphasizes. Penny led De Beers from 2006 to 2010, at the most difficult time for the company when the diamond market collapsed. Penny is now executive director of British New World Resources, the largest coal producer in Central Europe. The representative will not disclose how much Penny will receive for his work at Norilsk Nickel. At the last annual meeting, the company's shareholders approved compensation to the independent chairman of the board in the amount of $ 1 million per year (plus the $ 120 000 base rate for the independent director). Penny's remuneration will be calculated in proportion to the time worked (based on the amount of $ 1,12 million per year), a source close to Norilsk Nickel knows. The annual meeting of shareholders of Norilsk Nickel has not yet been appointed. If it takes place in mid-June, Penny can get $ 280 000 for working for three months.
    Apart from Penny, Rostec CEO Sergei Chemezov, Freetel Capital Executive Director Enos Banda, and Cornelis Prinsloo, the main owner of Natural Resource Partnership, were elected independent directors. The latter headed the audit committee of the Nornickel board of directors, Bratukhin was elected chairman of the corporate governance and personnel issues committee, Sokov was elected chairman of the strategy committee, and Bashkirov was appointed the budget committee.
    The election of a new board of directors ended the four-year conflict between Deripaska and Potanin at Norilsk Nickel. It broke out in 2008 when UC Rusal bought the blocking stake in Norilsk Nickel from Mikhail Prokhorov. In particular, Deripaska was against the appointment of Vladimir Strzhalkovsky, who was proposed by Potanin, as the general director of Norilsk Nickel. In the autumn of the same year, the partners signed an agreement on the principles of managing Norilsk Nickel, but in the spring of 2010 it was violated: the ex-head of the presidential administration Alexander Voloshin, nominated by UC Rusal, did not go to the council. Deripaska's company accused Norilsk Nickel management of fraud and filed lawsuits against Interros about violation of the agreement.
    In December 2012, Interros and UC Rusal signed a new shareholder agreement and terminated all litigation. According to him, Interros and UC Rusal will sell 4,87% of the shares of Norilsk Nickel Millhouse for $ 1,487 billion (the deal must be completed before the end of April). Millhouse will transfer this package to a special account with an agent bank, where UC Rusal and Interros will transfer approximately 7% of the shares there. Millhouse will manage the shares on this account (in total there will be about 20% of Norilsk Nickel) - it will be she who will ensure that the terms of the agreement are respected. In the event of a conflict of interests between UC Rusal and Interros, Millhouse will vote against - and the discussion will begin again.
    http://vspro.info/
  27. Nitarius
    Nitarius 28 August 2013 12: 03
    +2
    According to article 22 of the Law "On the Central Bank of the Russian Federation":

    The Bank of Russia is not entitled to provide loans to the Government of the Russian Federation to finance the federal budget deficit ... The Bank of Russia is not entitled to provide loans to finance the budget deficits of state extra-budgetary funds, budgets of constituent entities of the Russian Federation and local budgets.

    In the event of a fall in oil prices and the formation of a budget deficit in the Russian Federation, the Central Bank will not finance the lack of funds in the budget for the payment of pensions, salaries of budgetary organizations (law enforcement agencies, the Ministry of Defense, Health, Education, etc.), state targeted programs and other expenses . The government will have to turn to the International Monetary Fund, a private organization of American and British bankers, to obtain a loan for budgetary allocations. All funds accumulated in the accounts of the Central Bank of Russia - gold and currency reserves in the amount of 524 billion dollars cannot be used to stabilize the economy of the Russian Federation, according to Article 5. The Central Bank of Russia, created by B.N. Yeltsin, as a private banking organization, exists exclusively as a branch of the US Federal Reserve System, again a private banking organization of the Rothschilds and Rockefellers. The circle is closed, the Central Bank of Russia belongs to the Rothschild clan and is completely dependent on their decisions. Why?
    Another incomprehensible thing with the missing funds of the Reserve Fund of the Russian Federation, which the Central Bank of Russia had. In 2008, the Reserve Bank of Russia held 130 billion dollars in the accounts of the Central Bank of Russia, in the 2010 year there were only 26 billion left, for a year and a half 104 billion dollars were spent. At the same time, gold - foreign exchange reserves of the Central Bank of Russia increased over the same period from 453,5 to 524,5 billion dollars, that is, by 71 billion dollars. Alexey Kudrin, it is quite possible that 33 billion dollars was spent on increasing the capitalization of banks and the social sphere, but how did it happen that 71 billion did not go to economic recovery, but migrated to the accounts of the private commercial Central Bank of Russia and became unavailable to the Russian government? Federation?

    The highest level of corruption and financial crimes are not in the government or among officials, but in a private commercial bank called the Central Bank of the Russian Federation.

    The story of this monstrous crime, under the code "Operation Central Bank of Russia" began back in 1989, when B.N. Yeltsin visited the USA, where he "accidentally" met with George W. Bush, visited R. Reagan’s hospital and attended a meeting at the Rockefeller Club in Manhattan. Then this traitor and “agent of influence” of the Western special services received not only “good” for their criminal activities, but also for transferring all of Russia's finances to US control. At the beginning of the next 1990 year, the Central Bank of the RSFSR (Russia) was created, the charter of which was written off from the US Federal Reserve and at the same time B.N. Yeltsin and M.S. Banque Privee Edmond de Rothschild, a branch of Rothschild Bank in Switzerland.
    1. Yarosvet
      Yarosvet 28 August 2013 13: 06
      +1
      Quote: Nitarius
      All funds accumulated in the accounts of the Central Bank of Russia - gold and currency reserves in the amount of 524 billion dollars cannot be used to stabilize the economy of the Russian Federation, according to Article 5.

      This is called looking into a book and seeing an ancient amulet.

      N 184-FZ from 23.12.03
  28. vladsolo56
    vladsolo56 28 August 2013 12: 11
    +5
    Well, if the USA refuses to return gold to Germany, then what can we say about Russia with its reserves in foreign currency. In fact, you can put an end to those billions that are supposedly stored in the Reserve Fund. And this is not my personal opinion, this is a statement of many world economists.
    1. Muadipus
      Muadipus 28 August 2013 12: 14
      +1
      You can resell them to the same Chinese.
      1. Captain45
        Captain45 28 August 2013 12: 23
        +2
        Quote: Muadipus
        You can resell them to the same Chinese.

        But will they buy? China has its own bonds, or rather American ones, not less than ours, even more so.
  29. Captain45
    Captain45 28 August 2013 12: 11
    +4
    A couple of quotes from the movie "Man from the Boulevard des Capucines", which can be fully attributed to our country:
    "- Jack, sign that you took 40 thousand from us.
    “Thirty, Harry, thirty!”
    -Jack, you know, everyone wants to live well.
    - Remember, gentlemen - this country will be destroyed by corruption! "
    "- Jack, what can you do for money?"
    "For money? For money I can do everything!"
  30. Lech from ZATULINKI
    Lech from ZATULINKI 28 August 2013 12: 24
    +2
    Kudrinsky tricks will again and again come back to RUSSIA - to keep the money of RUSSIA from the sworn enemy UP OF NAIVITY.
    1. kartalovkolya
      kartalovkolya 28 August 2013 13: 29
      +1
      Not the height of naivety, but the height of vile betrayal!
  31. PACIFIST
    PACIFIST 28 August 2013 12: 30
    +2
    If this money that they store will build factories that will be profitable + jobs this will be a fund of future generations
  32. shurup
    shurup 28 August 2013 13: 18
    +1
    Financial orthodoxes of various kinds (not to be confused with the Tolkienovites) ultimately meet on the same hill (not to be confused with Golgotha), where they can either agree amiably or accept the fact of their own futility.
    Do you think they will find a third way?
  33. rudolff
    rudolff 28 August 2013 13: 46
    +4
    It is very possible and necessary to transfer money from dubious or limited liquid securities (including American loans) to cash. They are not presented to anyone. It just takes a while. From one year to several years. It could be faster, but then some losses will be inevitable. The main problem is how to dispose of them. I would limit the reserve fund to $ 300-350 billion. It is not advisable to freeze more funds at the current level of the economy, and we should not equal China's trillions of reserves. In addition to hard currencies and traditionally gold, money can be placed in special borrowing funds of the IMF, as well as by sending a part to create a reserve of rare earth metals. Money received in excess of the reserve fund limit can be directed to a "living" development fund. And now from this fund to finance large infrastructure projects. It is for infrastructural! Trying to invest them in the construction of new industries and enterprises, given the current level of corruption and embezzlement, is tantamount to wasting them. There are many examples. A state-of-the-art enterprise is being built at the expense of the state, then it is secretly turned into a joint stock company, included in the privatization plan, an IPO is carried out, and the controlling stake is smoothly transferred to an unknown office in Cyprus. We even have Norilsk Nickel officially, it is a Cypriot enterprise, to say nothing of the smaller ones.
    However, dreaming is not harmful. Nobody "above" here really thinks about the future of Russia. In the best case, limit yourself to another ring around Moscow or another "scarf" to St. Petersburg.
  34. Captain45
    Captain45 28 August 2013 13: 57
    +1
    Quote: rudolff
    In addition to hard currencies and traditionally gold, money can be placed in special funds of the IMF, as well as by directing a part to create a reserve of rare earth metals.

    To this topic about the reserve of rare earths and other things:
    "AGAINST NORNIKEL, THE CASE OF THE STEPSING OF THE STATE RESERVE RESUMED
    As follows from the documents of the Arbitration Court of the Krasnoyarsk Territory, the case was reopened on the claim of Rosrezerv against OJSC MMC Norilsk Nickel for a shortage of copper-containing raw materials in its storage. The Federal Agency for State Reserves is trying to recover 3,9 billion rubles from Norilsk Nickel.
    The trial will begin on 17 on September 2013.
    Recall that the lawsuit was filed by the arbitration court of the region on November 28 of November 2012, the court accepted it on December 28. And it was suspended on June 4 of this year. Court hearings are held behind closed doors, access to court documents is closed.
    The media previously reported that according to the results of the assessment by the FSUE All-Russian Research Geological Institute / VSEGEI / in 2012, an examination was carried out ordered by Rosrezerv, during which a shortage of copper-containing raw materials stored in the MMC was discovered. According to experts, Rosrezerv may accuse Norilsk Nickel of embezzlement of state property on an especially large scale, and this threatens with criminal liability with real terms of punishment for the perpetrators. "
    They entrusted the goat to guard the cabbage. Especially considering my post above about the composition of directors of "NN"
  35. The comment was deleted.
  36. holding
    holding 28 August 2013 14: 27
    +3
    This is another incomprehensible riddle. It is not clear where to store OUR money. Those who made such a decision should be judged as criminals. In my opinion, Russia will never see this money. This is from the same area as the "Serdyukov case", forgive Gorby for the collapse UNION OF SOVIET SOCIALIST REPUBLIC, etc. Weakness of power, lack of independence in decision-making.
    It's a shame for the power ...
  37. PPO-1980
    PPO-1980 28 August 2013 14: 38
    +3
    I fully agree with the author. But as always the question remains: "What to do?"
  38. The comment was deleted.
  39. My address
    My address 28 August 2013 14: 52
    +4
    Please read my and Z-exit with yanus comments on the main Z-exit comment from 10-40.

    I cite as an example the simplest. I am told that it is better to keep money abroad in order to avoid cutting, inflation, that everyone is doing it, they mention derivatives unknown to me. I ask you to simply and clearly explain - in response, condescending about futures. Is it that, Stalin was not smart, in vain tried to get equipment and technology for export? Just do not need a big difference between the USSR and the Russian Federation.

    Dear forum users!
    A long time ago, we surrounded us with various questions after a lecture by V.L. Zolotavin, professor, doctor of physical and medical sciences, laureate, order bearer for the nuclear missile shield of the State. He did not shy away from talking with the boys. So he gave something like this: "If they cannot, or do not want, explain the basis of the complex and incomprehensible to you in simple terms, then they are either deceivers or not specialists." This postulate has never been violated in my life. hi
  40. Hitrovan07
    Hitrovan07 28 August 2013 14: 54
    +5
    I never understood the tough financial economist Kudrin when he said that it was not profitable to invest in Russian industry. Of course, raising production, creating jobs, and at the same time the social sphere where it is not profitable - it is better to keep in "foreign wrappers" and then say how wisely we acted when in 2008 Mr. Putin said that there was no crisis in Russia, but through month the Stabilization Fund decreased by a third (apparently due to the absence of this very crisis), and the money "went away" - ... to support the "national currency" (but where exactly - none of the economists will definitely point out - this science does not calculated). But if this money were invested in a specific production (the same Antey rocket factories, shipyards in the Baltic and or the Far East), then in 5 years we would have already seen specific realities (frigates, corvettes, Iskander, S-400). Something like this smile .
  41. slaventi
    slaventi 28 August 2013 17: 47
    0

    The reserve fund is a form of tribute payment.
    1. slaventi
      slaventi 28 August 2013 17: 52
      0

      The Central Bank of Russia works for the USA.
  42. Naval
    Naval 28 August 2013 17: 51
    +2
    Scientists at Harvard University have found that white mice reproduce much better if they are not disturbed by scientists at Harvard University.

    Maybe we’ll deal with the money ourselves, without advice from behind a hillock?
  43. denn
    denn 28 August 2013 20: 22
    0
    For me, we have two exit options:
    1. The people will wake up, figure it out, come out and show the liberals Kuz'kin's mother. While the trend is sluggish. For acceleration, apparently, there is not enough "gunpowder in the air". Here either citizens will take up the politics and history of their country, or politics will take over citizens. This is the option from below.
    2. A team of statesmen, led by Putin, organize a fast state. a coup based on a scenario similar to the "putsch" in the early 90s. A successful outcome is not guaranteed (at least for now). The country can be dropped back to the 90s and even worse. Top option.

    Vladimir Putin is for option No. 1 so far, about which he openly spoke and called on citizens. So far, few have heard him.

    IMHO.
    1. Yarosvet
      Yarosvet 28 August 2013 21: 52
      0
      Quote: denn
      A team of statesmen led by Putin

      1. denn
        denn 28 August 2013 22: 09
        0
        So what? This does not mean anything to me. I judge by his affairs, I take into account the geopolitical situation and Russia's place in it, I know more or less the history of my country. I don’t give a damn about any diarrhea, which is a lot on the Internet, a lot of which is specially created to conduct an information war against Putin and Russia as a whole. So what did you mean by that?
        1. Yarosvet
          Yarosvet 28 August 2013 22: 35
          0
          Quote: denn
          So what? This does not mean anything to me.
          Curious...

          So when you write about the state. coup (by the way, it is not clear how Vova will overthrow himself) and showing the "liberals" Kuzka's mother (that is, showing her to Putin) - you do not mean the termination of the entry of the Russian Federation into the global world in the form of a raw material appendage, strengthening the state by increasing the possibility of self-sufficiency and refocusing the state from the interests of the nomenklatura and the oligarchy to the interests of society?

          I judge by his deeds
          And what, in your opinion, is the benefit of these cases — in high-profile statements and financing of the Western economies in foreign policy, and in actions to optimize and reduce costs at the expense of the social sphere — in the domestic?

          I don't give a damn about any diarrhea that’s a lot on the Internet
          This should be understood as a refusal to believe Putin’s words?

          a lot of which is specially created for the conduct of the information war against Putin and Russia as a whole
          Confirmed examples of lies - please.

          So what did you mean by that?
          That you, apparently, have cognitive dissonance.
  44. Asan Ata
    Asan Ata 29 August 2013 01: 11
    +2
    It turns out interestingly. Is central bank a private office? Who saw their constituent documents?