For dollars get into stockings?
The outgoing week in Russia was rich in economic events. Several important points at once are worth highlighting especially how to single out and react to these economic moments from the business community, government agencies and a number of media.
First news due to the fact that the State Duma again attended to the fate of the dollar in Russia. She took care, it should be noted immediately, not all. Last Wednesday, a deputy from the LDPR faction Mikhail Degtyarev introduced a bill to the lower house of parliament, according to which the circulation and custody of the dollar should be prohibited in Russia. This, by the way, is by no means the first such proposal by Degtyarev. His idea of a liberal Democrat, who at one time managed to change the colors of "United Russia" to the colors of the Liberal Democratic Party, explains that dollars are the quote of "candy wrappers" that are not secured by currency and are also printed by a private structure. According to Mikhail Degtyarev, the dollar’s collapse threatens the world as early as 2017, if the US government debt grows at the current pace.
Interestingly, the deputy Degtyaryov calls urgently to start getting rid of the dollar of ordinary Russian citizens, and only then the state authorities will have to attend to this “deliverance” ... Strange sequence ... Let's say the words expressed by the liberal democrat Michael Degtyarev:
An interesting judgment of the deputy. In style:
“Why do we buy foreign cars (from deputy Degtyarev, by the way, there are several of them - Japanese and German, judging by the publication in the Samara Review and his own declaration)? Start to abandon cars need people, and then the country's leadership. People should refuse to trust foreign cars first "...
The same reinforced logic ...
On the one hand, it seems that everything is true about the present essence of the Degtyaryov dollar - it is a candy wrapper (dollar). But on the other hand, such an idea frankly gives the most ordinary populism. What does it mean “the people should refuse to trust the dollar first”? Forgets, perhaps, Mikhail Vladimirovich that among our people far from all are candidates of economic sciences and representatives of big business. To start taking some financial steps only because a single deputy decided so, hardly anyone will meet, even if he has these same candy wrappers. In any case (again, if a person has dollars in a bank account or in stocking), a person will wait for how others will behave and, most importantly, how the state will behave. And it is only at the everyday level.
But what about the immediate economic component? The fact is that many in Russia would long ago have trusted only their own currency, but, seeing that the state itself stores hundreds of billions precisely “in candy wrappers,” they are not inclined to rush. There is no way to do without a government example, otherwise the ban on the storage and circulation of dollars will not just be one-sided, but also hit the same population, which, apparently, immensely baked by deputy Degtyaryov. How to hit? The example is simple: if one assumes that ordinary citizens of Russia who have no dollar savings, imbued with the essence of Mikhail Degtyarev's proposal, will carry them into banks to exchange them for rubles (or transfer them from a dollar account to a ruble), this may affect the rate of the American currency. In relation to the ruble, the dollar is more likely to start declining. Where are the guarantees that ordinary average speculators will not take advantage of this, who will immediately start buying up the depreciating dollar, brewing the real intrigue around the exchange rate? And in the end, where are the guarantees that the state itself will convert the dollar part of multi-billion funds into rubles? Who will give such a guarantee: maybe, personally, Mikhail Degtyarev ...
One might have thought that the bill spelled out all the steps to identify those who leave the savings in dollars or even begin to buy those dollars. However, there is nothing like this in the document. It does not even spell out the search mechanism for dollars "in stockings" and on the bank accounts of Russian citizens ... But the rules for withdrawal of candy wrappers are prescribed, and these rules are enchanting ... Competent authorities, having revealed the presence of dollars from some "forgotten" citizen, should be bucks ”to withdraw, and within 30 day from the moment of withdrawal of dollars to return to the citizen the amount in rubles. Here's how ...
After this provision of the bill, even the person who was already going to carry dollars to the nearest exchange office has the right to say: why should I have to lose personal time if the police or the tax authorities themselves can exchange my money for rubles - let them work. In this regard, there is a picture of how police walk around the apartments, rummaging in cabinets and suitcases in search of "candy wrappers", and if they find them, they bring them to the bank to exchange them for rubles and carry them back to the people ... searches - so what? ..
It would seem that there is no need to search anyone, to walk in apartments too, but it is necessary, if it is proposed to prohibit the storage of a dollar, to oblige banks not to exchange dollars for rubles. But the bill is limping here too. It turns out that the deputy Degtyarev still leaves a circle of people the opportunity to exchange rubles for dollars, and somewhere in there to pay these dollars. The most interesting thing is that the circle is closed ... And in this circle, quote: "residents making a legitimate purchase of dollars through banks." What does “legal” mean? That is, it turns out that after all there are the first among equals, and it will be possible for them to use dollars.
In addition to these "residents", other individuals have been identified who can freely exchange rubles for dollars: foreigners in Russia and Russian tourists. Does it not turn out that a special class of citizens will appear in Russia: such “tourists-speculators” (“tourist speculators are a face amoral” ...), who for a certain fee will be able to solve any ruble-dollar problem of other citizens ...
In general, the idea of the deputy Degtyaryov, of course, is interesting, but it is so crude that until now the whole rush of this idea is close to populism and the PR of the deputy himself.
Estimating the initiative of the liberal democrat Degtyaryov, State Duma Speaker Sergey Naryshkin expressed his laconic opinion:
Something like this…
Another economic theme of the week: a sharp collapse of shares of the mining and metallurgical company Mechel. On Wednesday, the company's shares fell by more than 40%. The main reason is called the following: they could not agree with creditors, to whom Mechel owed more than 9 billions of dollars. This lack of agreement led to the fact that one of the creditors began to get rid of the stake belonging to him, provoking an avalanche-like “dump”, caught up by speculators. After such a drop in prices, the Central Bank of the Russian Federation stopped accepting Mechel bonds as security. In a number of media outlets, articles immediately appeared that it was, they say, almost the beginning of the end of the Russian economy, that investors would never again invest in the Russian metallurgy, that the ruble would begin to subside. However, the very next day after the “Mechelovsky” collapse, the shares of the same company only in the first hour of trading were expecting an almost 15% rise. It was not possible to fully restore the position, but it became clear that the rumors "about death were too exaggerated." It also became clear that speculation played a central role in the Russian financial market.
This is all about the question that “first the people must express mistrust,” and then “all the others” ...
Perhaps, it’s still starting with the servants of the people, especially since most Russians don’t bother them at all (according to Forbes, no more than 8,5% of citizens have accounts in the US currency, Russian financial publications cite other figures 7%). And in general, is it not time, instead of populism about artificially "banning" foreign currencies, to engage in the real development of the national currency (economy) - through industry, through the opening of new industries, through investing not in foreign "candy wrappers", but in health, education and employment fellow citizens ...
First news due to the fact that the State Duma again attended to the fate of the dollar in Russia. She took care, it should be noted immediately, not all. Last Wednesday, a deputy from the LDPR faction Mikhail Degtyarev introduced a bill to the lower house of parliament, according to which the circulation and custody of the dollar should be prohibited in Russia. This, by the way, is by no means the first such proposal by Degtyarev. His idea of a liberal Democrat, who at one time managed to change the colors of "United Russia" to the colors of the Liberal Democratic Party, explains that dollars are the quote of "candy wrappers" that are not secured by currency and are also printed by a private structure. According to Mikhail Degtyarev, the dollar’s collapse threatens the world as early as 2017, if the US government debt grows at the current pace.
Interestingly, the deputy Degtyaryov calls urgently to start getting rid of the dollar of ordinary Russian citizens, and only then the state authorities will have to attend to this “deliverance” ... Strange sequence ... Let's say the words expressed by the liberal democrat Michael Degtyarev:
Why do we keep savings in dollars? Why do we sell oil for dollars? Start to abandon the dirty green paper need people, and then the leadership of the country. People must refuse to trust the dollar first.
An interesting judgment of the deputy. In style:
“Why do we buy foreign cars (from deputy Degtyarev, by the way, there are several of them - Japanese and German, judging by the publication in the Samara Review and his own declaration)? Start to abandon cars need people, and then the country's leadership. People should refuse to trust foreign cars first "...
The same reinforced logic ...
On the one hand, it seems that everything is true about the present essence of the Degtyaryov dollar - it is a candy wrapper (dollar). But on the other hand, such an idea frankly gives the most ordinary populism. What does it mean “the people should refuse to trust the dollar first”? Forgets, perhaps, Mikhail Vladimirovich that among our people far from all are candidates of economic sciences and representatives of big business. To start taking some financial steps only because a single deputy decided so, hardly anyone will meet, even if he has these same candy wrappers. In any case (again, if a person has dollars in a bank account or in stocking), a person will wait for how others will behave and, most importantly, how the state will behave. And it is only at the everyday level.
But what about the immediate economic component? The fact is that many in Russia would long ago have trusted only their own currency, but, seeing that the state itself stores hundreds of billions precisely “in candy wrappers,” they are not inclined to rush. There is no way to do without a government example, otherwise the ban on the storage and circulation of dollars will not just be one-sided, but also hit the same population, which, apparently, immensely baked by deputy Degtyaryov. How to hit? The example is simple: if one assumes that ordinary citizens of Russia who have no dollar savings, imbued with the essence of Mikhail Degtyarev's proposal, will carry them into banks to exchange them for rubles (or transfer them from a dollar account to a ruble), this may affect the rate of the American currency. In relation to the ruble, the dollar is more likely to start declining. Where are the guarantees that ordinary average speculators will not take advantage of this, who will immediately start buying up the depreciating dollar, brewing the real intrigue around the exchange rate? And in the end, where are the guarantees that the state itself will convert the dollar part of multi-billion funds into rubles? Who will give such a guarantee: maybe, personally, Mikhail Degtyarev ...
One might have thought that the bill spelled out all the steps to identify those who leave the savings in dollars or even begin to buy those dollars. However, there is nothing like this in the document. It does not even spell out the search mechanism for dollars "in stockings" and on the bank accounts of Russian citizens ... But the rules for withdrawal of candy wrappers are prescribed, and these rules are enchanting ... Competent authorities, having revealed the presence of dollars from some "forgotten" citizen, should be bucks ”to withdraw, and within 30 day from the moment of withdrawal of dollars to return to the citizen the amount in rubles. Here's how ...
After this provision of the bill, even the person who was already going to carry dollars to the nearest exchange office has the right to say: why should I have to lose personal time if the police or the tax authorities themselves can exchange my money for rubles - let them work. In this regard, there is a picture of how police walk around the apartments, rummaging in cabinets and suitcases in search of "candy wrappers", and if they find them, they bring them to the bank to exchange them for rubles and carry them back to the people ... searches - so what? ..
It would seem that there is no need to search anyone, to walk in apartments too, but it is necessary, if it is proposed to prohibit the storage of a dollar, to oblige banks not to exchange dollars for rubles. But the bill is limping here too. It turns out that the deputy Degtyarev still leaves a circle of people the opportunity to exchange rubles for dollars, and somewhere in there to pay these dollars. The most interesting thing is that the circle is closed ... And in this circle, quote: "residents making a legitimate purchase of dollars through banks." What does “legal” mean? That is, it turns out that after all there are the first among equals, and it will be possible for them to use dollars.
In addition to these "residents", other individuals have been identified who can freely exchange rubles for dollars: foreigners in Russia and Russian tourists. Does it not turn out that a special class of citizens will appear in Russia: such “tourists-speculators” (“tourist speculators are a face amoral” ...), who for a certain fee will be able to solve any ruble-dollar problem of other citizens ...
In general, the idea of the deputy Degtyaryov, of course, is interesting, but it is so crude that until now the whole rush of this idea is close to populism and the PR of the deputy himself.
Estimating the initiative of the liberal democrat Degtyaryov, State Duma Speaker Sergey Naryshkin expressed his laconic opinion:
I would not support such an initiative.
Something like this…
Another economic theme of the week: a sharp collapse of shares of the mining and metallurgical company Mechel. On Wednesday, the company's shares fell by more than 40%. The main reason is called the following: they could not agree with creditors, to whom Mechel owed more than 9 billions of dollars. This lack of agreement led to the fact that one of the creditors began to get rid of the stake belonging to him, provoking an avalanche-like “dump”, caught up by speculators. After such a drop in prices, the Central Bank of the Russian Federation stopped accepting Mechel bonds as security. In a number of media outlets, articles immediately appeared that it was, they say, almost the beginning of the end of the Russian economy, that investors would never again invest in the Russian metallurgy, that the ruble would begin to subside. However, the very next day after the “Mechelovsky” collapse, the shares of the same company only in the first hour of trading were expecting an almost 15% rise. It was not possible to fully restore the position, but it became clear that the rumors "about death were too exaggerated." It also became clear that speculation played a central role in the Russian financial market.
This is all about the question that “first the people must express mistrust,” and then “all the others” ...
Perhaps, it’s still starting with the servants of the people, especially since most Russians don’t bother them at all (according to Forbes, no more than 8,5% of citizens have accounts in the US currency, Russian financial publications cite other figures 7%). And in general, is it not time, instead of populism about artificially "banning" foreign currencies, to engage in the real development of the national currency (economy) - through industry, through the opening of new industries, through investing not in foreign "candy wrappers", but in health, education and employment fellow citizens ...
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