Only 24 days left for Russia to go bankrupt (or Soros to be wrong). https://t.co/nAWL2mgOBz
— Anatoly Karlin (@powerfultakes) December 10, 2017
Well, we’re well into 2018 now.
Soros joins the many Very Respectable People – Anders Aslund has excelled in this regard more than most – who have predicted all several dozens of Russia’s past zero collapses.
Russia is potentially one of the richest places on earth. Based on resources, demographics and social development, Russia has one of the better potentials in the 21st century.
Soros knows this, so do London and Wall Street investors. They want Russia to go bankrupt so they can get its assets cheaply. It is not any more complicated than that. When Yeltsin was playing a Santa Claus (drunk one) and freely distributed Russia’s wealth, West loved him. When Putin partially reversed the candy store give-aways, and then gradually started to restrict the goodies and ask for more in return, West almost immediately went into a Russia-Putin hating phase.
They want the stuff. The problem with the 90’s is that it made people in the West think that Russia is easy. When that ended, the reversal was disorienting. And the anger that free goodies have stopped took over. It will take a generation or two before the Western establishment will get over this. How dare Russia not to go bankrupt?
I have seen this reason many times before, but I think it is more than just that. Look at how Poland or Hungary are pressured these days, I don’t think this is because they want their resources. The common theme between Russia, Poland, Hungary is that the Soros types want to impose their “open society” ideology, which is basically means changing the nation from white to non white.
Imagine for a moment that Russia was a 100% black nation and all else such as GDP, oil production, wheat production, etc. was equal, do you think people like Soros would still target it?
Just to clarify that I’m reading the terminology correctly, since it seems odd to my American way of seeing financial terms, “431636 USD Million” is 431,636 million USD, or 431.636 billion dollars?
It would be great to see Russia prospering again and in particular taking a bigger role in science and technology. I’m no fan of the old Soviet Union other than for its whipping of the Nazis, but the Russian peoples made their fair share of advances in human knowledge in those days. I actually miss the time when they were racing us to the moon. After the breakup of the Soviet Union, some of the companies I worked for used engineering staffs based in Russia so we know that talent is still there.
A 10 second look at basic econ indicators would have told you that.
https://image.ibb.co/he0DHR/imports.png
I doubt Soros is stupid, so his words were simply meant to harm Russia. He probably knows most “financial analysts” are less than useless, so many simply see a famous person saying something and it becomes A Deep Concern.
Well, greed and ideology always combine. I agree that ‘open society’ ideology is a huge part of this. But there is also greed. Western investors have benefitted dramatically by buying cheap assets in Hungary and Poland. To use them effectively, they need cheap labor there – the local workers have been getting uppity, the plan was to flood the labor markets with the usual multi-culti types.
Another reason West is desperately trying to get migrants into all of central-eastern Europe is that is the only way in the long run they can keep high assets in their home countries. How valuable will be London-Brussels-Paris in the long run if there are safer, cleaner, more European alternatives right next door in East-Central Europe? They need to bring it down otherwise the discrepancy will hurt the West.
If Russia was a 100% black country its potential would be substantially less and it would have the usual dysfunctional problems of insecurity, volatility and a lack of qualified local labor. The appeal of Russia’s wealth would be less. But I agree that given the obsessive ideology, Soros and Co. would not demonise ‘black Russia’. That’s just not done. In that case ideology trumps greed.
“How valuable will be London-Brussels-Paris in the long run if there are safer, cleaner, more European alternatives right next door in East-Central Europe? They need to bring it down otherwise the discrepancy will hurt the West.”
Agreed. Who would go to a German Christmas market now if they could go to Wroclaw or Budapest? There are huge opportunities for Romania and Bulgaria too.
It’s a pity, as I like Germany/France/Italy and love the languages, but I want to see Germans/French/Italians when I visit, not the same people I can see if I wish in London, Manchester or Brussels.
Russia’s not carrying much foreign debt or public sector debt and it has weathered satisfactorily the decline in export revenues from changes in the terms of trade. I’m wagering that Soros was playing the angles trying to profit from hot money reaction to his bad mouthing Russian bonds.
“They” hate Russia because Russia refuses to behave.
It’s also why I love Russia.