It's not worth as much as you think it is. If anyone was really impressed by it, they would have more faith in the Russian economy, and Russia would not be begging people to buy their bonds. Both of which are in the toilet due to maturing technologies. The US is going to be a net oil exporter by 2020. http://www.bloomberg.com/news/2014-10-29/why-oil-prices-went-down-so-far-so-fast.html http://www.energyglobal.com/news/dr...il-production-continues-to-increase-1521.aspx Even then, those resources are finite...I hope Russia can find another way to make money after those resources run out. LOL! Why do they need to import something they already have so much of? Maybe their reserves are even lower than I thought. - - - Updated - - - What are they using to support their military if not their economy? What are they using to fund their projects? You tell me. - - - Updated - - - LOL This is what happens when you have an authoritarian government that limits free speech and access to media. This is why Freedom matters...because otherwise you end up with people like these Russians. Completely uninformed.
I guess it really must suck for Russia that they cannot stop people from talking about their economy on message forums on the internet.
there are many Russians that want to make it illegal, to attack the honor and reputation of Russia aka the Soviet Union.
You should thank Russians when they discuss here, only on this way can still be started a constructive dialog. Can you not understand that Obama and Merkel are destroying our western economy and pushing us to the WWIII.A confrontation with Russia, China and BRICS is the last we need.
it is impossible to calculate Russian budget in full because there are too many who evade taxes here. 50% is an official number, while in reality its only 5%. you don't get the point. Russia has not been into bonds business in the first place; she just don't care about bonds at all, be they crap or not.
everybody laughs when you and the others talk about WW3. - - - Updated - - - haha!!! we laugh when you guys talk about WW3.
Not only Russians, but most of europeans do not wish elimination and destroying of western economies and probably WWIII.It is a economical crisis right now, do you not read the newspapers. Lies and War Propaganda must be stopped, immediately, I do not wish a New World Economical Depression and probably nukes not fare from my home. Only idiots can fight against a country with 8k nukes.
I don't see how it can be constructive when we have no common frame of reference. They do not accept mainstream news sources as accurate. The US still has the largest economy in the world, by a wide margin. No matter how bad Obama is for the US, Putin is far worse for Russia. But Putin is not the real problem...the Russian People are. If it was not Putin, it would be someone else just like him. They are not really interested in change. The Russian users on here are clear evidence of that if nothing else. What is the downside? Do you really think they will commit suicide by attacking us? Russia might not care about it's economy, but China clearly does. And the US is China's cash cow. A major conflict with us is economic suicide for China, and they will never risk that...certainly not on Russia's behalf. They would not even confront us over Taiwan, and they care a lot more about Taiwan than they do about Russia.
military? Russia has a military that may take much support?.. news to me. Russia's armed forces are low budget ones if compared with the US'.
Now let's look at reality and the Eurasian Trade Putin has forwarded which connects China to Europe, something which Washington has frantically tried to destroy at the cost of Ukraine. Here are a few excerpts from Pepe Escobar: "...Let's dump the clowns (Obama & his ilk), and get down to the serious business. Right at the start, President Xi urged APEC to "add firewood to the fire of the Asia-Pacific and world economy". Two days later, China got what it wanted on all fronts. Beijing had all 21 APEC member-nations endorsing the Free Trade Area of the Asia-Pacific (FTAAP) - the Chinese vision of an "all inclusive, all-win" trade deal capable of advancing Asia-Pacific cooperation The loser was the US-driven, corporate-redacted, fiercely opposed (especially by Japan and Malaysia) 12-nation Trans-Pacific Partnership (TPP). Beijing advanced its blueprint for "all-round connectivity" across Asia-Pacific. One of its key features is the implementation of the Beijing-based US$50 billion Asian Infrastructure Investment Bank. (Will take the place of the IMF) Beijing and Moscow committed to a second gas mega-deal - this one through the Altai pipeline in Western Siberia - after the initial "Power of Siberia" mega-deal clinched last May. (Together they come to almost one trillion dollars). Beijing announced the funneling of no less than US$40 billion to start building the Silk Road Economic Belt and the 21st Century Maritime Silk Road. Predictably, once again, this vertiginous flurry of deals and investment had to converge towards the most spectacular, ambitious, wide-ranging plurinational infrastructure offensive ever attempted: the multiple New Silk Roads - that complex network of high-speed rail, pipelines, ports, fiber optic cables and state of the art telecom that China is already building across the Central Asian stans, linked to Russia, Iran, Turkey and the Indian Ocean, and branching out to Europe all the way to Venice, Rotterdam, Duisburg and Berlin...through Siberia of course. Now imagine the paralyzed terror of the Washington/Wall Street elites as they stare at Beijing interlinking Xi's "Asia-Pacific Dream" way beyond East Asia towards all-out, pan-Eurasia trade - with the center being, what else, the Middle Kingdom; a near future Eurasia as a massive Chinese Silk Belt with, in selected latitudes, a sort of development condominium with Russia.
How did you determine that number? It sounds like you are guessing. So why is Russia trying to sell bonds at all if Russia does not care about Bonds? Russia's actions do not support your claim.
China sells a lot more stuff to the EU and North America, than to Russia. China doesn't want to annoy off its big customers. Russia is nothing to China, compared to American and European consumers. - - - Updated - - - lol!!!!! I don't believe that for a second. especially from a member with a Soviet flag.
Explain to me why you believe Pepe Escobar's opinion should matter to me. Explain why he is the "reality" and other news sources are not.
You can continue to laugh! [video=youtube;3gNLmpjw8iM]http://www.youtube.com/watch?v=3gNLmpjw8iM[/video] [video=youtube;2UGkXaRpaUM]https://www.youtube.com/watch?v=2UGkXaRpaUM[/video]
Yes. Nukes in particular are expensive to maintain. Thats why most nations don't have them even when they are capable of building them. I am happy to have delivered the news then. That does not mean they are free.
That doesn't make sense. If tax evasion is widespread, that would make Russia MORE dependent on oil/gas revenue, not less.
Russia spends a significantly higher portion of it's GDP on it's military than the US does. 4.1% to the US's 3.8%. http://en.wikipedia.org/wiki/List_of_countries_by_military_expenditures Despite having a military budget ten times that of Russia, the US spends less of it's GDP on the military than Russia does.
no one wants Russian bonds. 50% of their budget is oil & gas revenue, and the price of oil has dropped more than 30% this year. Russia now has tens of billions in new annual financial obligations to pensioners in Crimea. they are in trouble.!!!!!