Who set the pitfall Russia

Russia from the Gorbachev epoch of reform began slowly, but several reforms with little success. Putin took office,Lacoste Canvas Trainers, in array apt reproduce its picture with the authorization, in order to bring Russia out of the forest, Putin namely needed is a practical and efficient economy development arrange.

then, how the Russian government eventually adopted the development plan, this plan but likewise implies how the fatal hazard?

Russia's Development and Reform Commission, called the Economic Development Board, they did a kind of planning: the use of high energy prices and cheap cost international funds the development of Russia. This sounds very charming. Because the energy in recent years such as steel mineral, gasoline, agricultural prices are rising, the Russian export commodities that? Oil, gas, chemical products, steel and so on. The results of large price increases, making this is due to misjudgment of the Russian nation the principles of afford and demand caused prices to mushroom. But in fact these prices are basically violating the conviction of supply and demand, but by the international financial speculators acquired pricing power, just bubble.

the results are quite solemn miscarriage of judge. This is fair taking it each multinational financial speculators loopholes because calculating the Russian 1. As the Russian government,Lacoste Protect Laser Trainers, corporations are false affirmatives is reasoned along excessive demand as amount boosts, they continue to produce more fuel, normal gas, continue to export, the extra money the more you acquire. To the end of 2008, the Russian exotic exchange accumulated up to 6000 billion dollars U.S..

However, due to the government, enterprises also will be forever misjudged this price increase, their future vision of limitless nice,Womens Lacoste Trainers New, that work according to this location, then Russia will chance mighty. So they began to lend money to the international banking group. Borrow anybody money? Low funding.

Why lend money to the international banking groups? Their spend of chief because Russia is very high. December 2008, the U.S. benchmark interest rate near to naught, while Russia is 13%! If in December the Russian folk would buy a car, automobile loans 16%. So Russia is simply not interested in these companies to own banks to borrow money. The International Consortium of amuse to them only 2%, 3%.

However, when banks lend money to the Russian mission, he requested collateral. What certify do they inquire? With this kind of a bubble ashore the stock as parallel, even Russia was also trusted namely these companies, these ignorant, how to use such a high price-earnings ratio of stocks as collateral, you not scared of a risk? They know where all the sets of the.

they borrowed 500 billion dollars in total, low-interest loans, and basically use the assets or the stock as collateral. Russia's foreign exchange reserves, but 600 billion dollars. Because they believe that stock price appreciation, and use this as collateral, they had an advantage.

result, they not dreamed, crude oil prices fell from $ 147 35 dollars a barrel. Russia, these large companies, including Rosneft, Gazprom, made of iron Eurasia Group, etc., all losses. The concordance fell 500 points by the more than 2000 points. Just by this moment,ABC 's Miss abuse, even meantime European and American banking team requires Russian companies disburse back the money.

how also? These enterprises are relying on the incipient stamina exports made a lot of money, a fall in energy prices now,Lacoste Swerve Trainers, everybody is losing, not played. You do not even be competent to sell stock to remunerate, alternatively so many stock do not worthless. What results is not it? Collateral is forfeited. That Russia's 3 major banks, with large Russian companies, their collateral is stock, adoptions, virtually all of these foreign banks swept.

Putin began salvage these companies, hoping to redeem shares. Then I'm thinking according the international financial speculators to an account poise and watch how many money you can out of Putin's redemption.

the hands of the Russian government has two keep asset, called Russia's reserve fund, a aggregate of more than 5 trillion point. Another shrieked Russia's welfare fund, probably more than 30,000 million, attach with more than 80,000 billion rubles, equivalent to more than 20,000 billion yuan. The reserve fund and welfare fund has its specific uses, such as pedagogy, retirement, ward and more. So I determined that Russia will use best efforts to put a portion of more than 80,000 billion fund to buy behind these shares. Come up to half of 4 trillion rubles, 1 trillion yuan, approximately equal to 140 billion U.S. dollars. The banks of Russia by enterprises with large foreign debt was 500 billion U.S. dollars, we tin only redeem 25% of the shares with the assets, and the remaining 75% of the redemption do not come behind, because not enough money out.

2008,Womens Lacoste Carnaby Trainers, Russia's financial revenue is 9 trillion rubles, the total disburse is 9.5 trillion rubles as well a small deficit. But this 9 trillion rubles is how a perquisite? Must be upon 95 dollars a barrel of oil to revive the cost of 9 trillion. So in 2009 whether Russia absences to compress expenditures, subsidies through the allowance extra to do redeem these bonds, he have to have ample financial resources. However,Lacoste Tourelle Trainers, if oil prices under dollar 50, then Russia's financial security is a deficit, then the Russian capital have not even follow-up, and a knife to cut you all. The result is Russia slit off forever retract 75% of the shares. That is equivalent to a gift for Russia in recent years, find that it is engaged for Europe and the United States and engaged, so busy that anything handed it over to the ultimate.

This is my one, Thank enthusiastic users of the new century after the journal published the first period procreated to my lawful website (http://www.jsmedia.tv/bbs/viewthread.php?tid=41579&page=1&extra=page% 3D1), where users have started the debate, I hope that more users can combine discussions and put along your ideas and attitudes.
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