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It is all kicking off in doomed Russia

Discussion in 'The Americas' started by HMS Astute, Dec 27, 2014.

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  1. HMS Astute

    HMS Astute BANNED BANNED

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    The Crisis Is Just Beginning for Russia: Pomeranz
    Bloomberg Business | 26 December 2014

    [​IMG]

    [​IMG]

     
  2. HMS Astute

    HMS Astute BANNED BANNED

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    Russia's Rating Will Be Downgraded to Junk: Mohamed El-Erian
    Bloomberg Business | 26 December 2014

    [​IMG]

     
  3. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

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    Putin on ruble: We will inevitably bounce back, central bank's direction correct
     
  4. MiG-23MLD

    MiG-23MLD Major SENIOR MEMBER

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  5. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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  6. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    Obama’s Russia fiasco
    The Cold-War style propaganda against Russian President Vladimir Putin in the western media may have peaked. So much garbage has been thrown at the Russian leader that the inventory must be getting depleted. But amidst all the mudslinging, Putin himself remains nonchalant, again belying the western character sketches of him that he can’t take criticism. Apparently he can.

    Besides, Putin’s popularity within Russia itself is soaring above 80 percent currently. It is doubtful if any world leader can match Putin’s popularity today. And that also probably explains Putin’s indifference to the western media attacks on him. As he told an interviewer once, he was elected, after all, to serve his country and not for being ‘nice’ to Barack Obama.
    An American poll conducted by the Associated Press and the NORC Center for Public Affairs Research at the University of Chicago has come up with some stunning results:
    • Putin is extremely popular among the Russian people, enjoying an approval rating of 81 percent;
    • Economic woes are top of mind among the Russian people and they agree western sanctions are hurting the economy, but they do not yet feel a negative impact on their pocketbooks;
    • Most Russians feel their country is headed in the right direction and are optimistic about their own personal fiancés in the coming years;
    • Two thirds of Russians favor supporting the separatist movement in Ukraine.
    The poll is particularly interesting because NORC in the University of Chicago (where Obama taught for 12 years ending as a professor) also works for the “government agencies” to provide data and analysis that “support informed decision making in key areas.” Suffice it to say, the AP-NORC poll would have come to the attention of the White House and possibly, Obama’s aides might even have drawn his attention to it.

    How should Obama view the startling results of the AP-NORC poll? Evidently, the poll shows that his Russia policy is in a shambles. If the hope was that under the weight of sanctions, Russian economy will pack up and popular disaffection with Putin will cascade and that in turn will be the end of the Russian leader’s political life, well, things are going haywire.

    Objectively speaking, the Russian people are pretty much pleased with Putin’s policies. And Obama’s calculation that he is cleverly separating the Russian leader from his people has gone horribly wrong. Putin is actually enjoying a popularity, which is more than double that of Obama’s. Self-styled Russian hands in the US were forecasting cracks in the Russian system. But nothing of the sort happened.

    What Obama overlooks is that the Russian people are very different from the average American who is gullible about what goes on in the world outside. The Russian people are literate and politically conscious – thanks to the Soviet legacy – and they do understand what the US’ ‘containment strategy’ toward Russia or NATO’s expansion is all about. They understand that Ukraine crisis is an existential struggle for strategic balance with America. So, they want Putin to stay on course.

    Putin intends to exploit his popularity to implement something that seems close to his heart, namely, a restructuring of the Russian economy and cutting down its heavy dependence on oil income. It’s a long haul, but reform is in the air. Putin’s address to the council of ministers in the Kremlin on Thursday leaves one in no doubt that Russia is digging in. True, Russian economy is in difficulty, but aside the propagandists in the West presenting apocalyptic visions, no one seriously expects the Russian economy to come down on its knees.

    All in all, Obama faces a formidable intellectual challenge here. Does he press ahead with more of the same mindless bluster passing off as Russia policy in the next year too? If that is the case, what is it that he hopes to achieve? By now it is widely accepted by American pundits that Putin doesn’t blink. What does that belated realization mean?

    It can only mean that this confrontation, unless ended now, could be about to enter a dangerous escalatory spiral. The dynamic at play is unmistakable. And yet, Obama just signed the bill empowering him to impose further sanctions on Russia and, worse still, to give Ukraine $350 million worth of arms. Putin – and the Russian people – only feel convinced more than ever before that what Obama aims at is a regime change in Russia.

    But regime change is, clearly, not something the Russian people want – according to the AP-NORC poll. Where does that leave Obama? Without doubt, Russia has become a major foreign-policy challenge for Obama and it is inconceivable that a cerebral man like him would want to be known in history for the dubious twin reputation of being the US president and a Nobel Laureate who rekindled the flames of the Cold War.

    Obama’s Russia fiasco – Indian Punchline
     
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  7. HMS Astute

    HMS Astute BANNED BANNED

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    Russia shows first sign of recession as GDP contracts
    29 December 2014 Last updated at 11:17

    The Russian economy contracted by 0.5% in November, the first fall in national output - Gross Domestic Product - since October 2009, official figures show.

    The Russian government expects a 0.8% decline in GDP next year, compared with 0.6% GDP growth in 2014 as a whole.

    The rouble fell to a rate of 57 to the dollar on Monday, a fall of more than 6%, after some gains last week.

    ...

    BBC News - Russia shows first sign of recession as GDP contracts

    Ruble now once again down 10% vs the Dollar.
     
  8. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Did you have a look at your own GDP? You are hit worst.
     
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  9. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    [​IMG]
    Hopes to have a GDP that exceeds that of France have vanished
     
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  10. HMS Astute

    HMS Astute BANNED BANNED

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    Another report in French!!!

    En 2014, la France ne serait plus (officiellement) que la sixième économie mondiale | Slate.fr

    En 2014, la France ne serait plus (officiellement) que la sixième économie mondiale
    Repéré par Jean-Marie Pottier

    C'est du moins ce dont font état les derniers chiffres, à analyser avec précaution, du Centre of Economics and Business Research.

    Selon des chiffres publiés, vendredi 26 décembre, par le Centre of Economics and Business Research (CEBR), un institut statistique indépendant basé à Londres, la France n'est plus la cinquième économie du monde ni la deuxième économie européenne, positions pour lesquelles elle est désormais devancée par le Royaume-Uni.

    Un constat statistique qui mérite néanmoins deux sérieux bémols. Le premier est l'écart entre les deux pays: le CEBR note que «comme les chiffres du PIB 2014 sont de 2.828 milliards de dollars pour le Royaume-Uni et de 2.827 pour la France, il se situe bien en-dessous de la marge d'erreur», à 1 petit milliard. L'an dernier, l'écart entre les deux économies se situait à 200 milliards de dollars environ en faveur de la France, et ce qui se passe reflète donc le différentiel de croissance de 2014: 0,4% attendus en France, 3,2% au Royaume-Uni.

    Le second bémol a trait au calcul du PIB. Le CEBR précise que le Royaume-Uni vient juste de réviser ses chiffres pour y inclure «les revenus ayant trait au commerce de la drogue et à la prostitution», ce ne ne fait pas la France. Plusieurs médias britanniques, comme The Independent, font d'ailleurs état de ce bémol dès le titre de leur article. Comme l'expliquait le Guardian en juin au moment de l'introduction de cette nouvelle mesure comptable, la prise en compte de cette économie souterraine représente environ 65 milliards de livres sterling pour l'économie britannique (l'équivalent de 100 milliards de dollars). Le Telegraph souligne lui que, en France, l'Insee refuse pour l'instant d'effectuer cette comptabilisation en arguant du fait qu'elle est fondée sur la dépendance des toxicomanes ou l'exploitation des prostituées.
     
  11. Picdelamirand-oil

    Picdelamirand-oil Lt. Colonel MILITARY STRATEGIST

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    Google traduction of the last paragraph:

    The second drawback relates to the calculation of GDP. The CEBR said that the UK has just revised its figures to include "revenue related to the drug trade and prostitution," it is not France. Several British media, such as The Independent, are also state of the flat in the title of their article. As explained in the Guardian in June at the time of the introduction of this new accounting degree, taking account of the underground economy represents about 65 billion pounds to the UK economy (the equivalent of $ 100 billion) . The Telegraph points out to him that, in France, INSEE refuses for now to perform this recognition by arguing that it is based on the dependence of drug addicts and the exploitation of prostitutes.
     
  12. DrSomnath999

    DrSomnath999 Major RESEARCHER

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    india & China wont allow russian economy to crash

    russia is an insurance against the west for india & china



    though it's good for india now we can bargain hard from russia regarding defence deals

    CHEERS
     
  13. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    Why do you think that in the last BRICS head of states conference in SA India became the head of newly formed Bank of BRICS as a counter to US+UK hegemony.
     
  14. DrSomnath999

    DrSomnath999 Major RESEARCHER

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    i didnt get your point

    is it a pun from your side or you are asking something ??

    CHEERS
     
  15. vstol jockey

    vstol jockey Colonel MILITARY STRATEGIST

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    I was making a statement in the form of a question. I meant-India became head of BRICS bank to ensure that dollar dominance ends in the world.
     
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