A Russian Explanation

22
Mon, Dec 22, 2014 - 12:55pm

Over the weekend, an original Turdite sent me a link to this very interesting video. You should take time to watch it.

This was posted to YouTube in late November. It's a discussion (lecture) featuring Evgeny Fedorov, who is a Deputy of the State Duma in Russia and chairman of the Committee on Economic Policy and Entrepreneurship. More on Mr. Federov can be found here: https://en.wikipedia.org/wiki/Yevgeny_Alexeyevich_Fyodorov. Apparently, he's a pretty stout Russian nationalist and supporter of President Putin.

It should be noted that this isn't the first time that Mr. Fedorov has gone on record stating that the bankers of The West will soon be coming after Putin and Russia. However, given the recent course of events, including a crashing ruble and sudden Russian interest rate hike, it seems that Mr. Fedorov's ideas merit some discussion. Thus this thread.

Please take a look at this video. It requires about 20 minutes of your time but, if events begin to spin wildly out of control over the next few months, I think you'll be glad that took the time today to consider this perspective.

TF

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  22 Comments

silver66
Dec 22, 2014 - 1:02pm

First

My lucky day

listen then off to the dog park

Silver66

Flying Wombat
Dec 22, 2014 - 1:12pm

Longer version of same interview

Great find, Turd. Looking around, I noticed there's an even longer version of the same interview. Just in case anyone is craving even more: https://www.youtube.com/watch?v=x0zRD-Ulv2s

ArtL
Dec 22, 2014 - 1:20pm

3rd

Listen then visit with my son who is visiting from Portland.

ivars
Dec 22, 2014 - 1:48pm

3% interest on rubles plus 3%

3% interest on rubles plus 3% reserves would mean direct printing of rubles almost. That has a finite lifetime, as if these guys do not know it. They make it sound simple, but in fact what he is telling will crush the ruble. All his stories are old France stories during assignat times. There was a nice short booklet about it by an Englishman.

For future , especially coming deflationary, resources are not of prime importance. Efficiency/productivity of economy is. And that is where Russia LAGS heavily.

Bullshit, its simple war economy in case of Russia what he is promoting ( and he knows it) . First print rubles to create war machine, then expand Russia via wars to get current liquid assets to back currency. Otherwise ruble is kaput if its printed. 6 year life time. But it will be printed, and that will lead to war, because 17% interest and 12% inflation also is not an option Russians would like in USA dominated world. Like Germany in 1938 moved on war economy, then had to expand in 1941 in premature war with Russia to sustain the currency.

And he is right about bankers launching war against Russia except it has already been launched. Russia has lost Ukraine and 70 billion of its reserves in the process. It has cost USA 5 billion so far. May be more for EU, but nothing dramatic. And its only the beginning. So now Russia has to answer by some action, but since it can not answer economically/financially it can only answer militarily, asymmetrically, basing its assertive aggressiveness on its only real asset- nuclear deterrent. And for that, it needs to rebuild its army and for that it needs to launch ruble printing as speaker suggests. Only for that. Simpleton if he thinks anyone outside Russia will buy his rhetoric that it is just economic competition. What he wants is to set by financial reform Russia on war course, and hopes that existence of nuclear weapons will make Russia successful in its attempts to recolonize neighbors. I doubt it has a chance to do it for more then few years - and only then in case West is in total disarray for some reason- e.g. death of David Rockefeller and battle for succession.

Fatso
Dec 22, 2014 - 2:50pm

Thank you very much for this post

10$ a month eh! very, very good value! Thank you very much

Bollocks
Dec 22, 2014 - 3:29pm

A full transcript

appears in the comments section (currently second down) by "New Insight".

I won't post it here as it's too long

https://www.youtube.com/watch?v=VT085isnyB0#t=605

Bollocks
Dec 22, 2014 - 3:38pm

He also had some things to say about MH17

in August, which are interesting.

3 1/2 mins.

MH17 false flag failed. Evgeny Fedorov
Flying Wombat
Dec 22, 2014 - 4:08pm

"The Saker" Perspective

Some of the most interesting perspective on Russia/Ukraine of late has been coming from a guy that goes by the name "The Saker." I just reviewed a meaty "white paper" he published as a guest piece. Normally I do not republish anonymous work but the quality of this guy's thinking earns him an exception. Check it out: https://thenewsdoctors.com/?p=261166

lund175
Dec 22, 2014 - 4:28pm

These guys know

This guy is telling it like it is, especially the false flag episode. It seems like Putin wants to do deals with people not start wars all over the globe.

erewenguy
Dec 22, 2014 - 6:06pm

Russia to Bail out Trust Bank

Russia to Bail out Trust Bank With Up to $530 Million

(Reuters) - Russian mid-sized lender Trust Bank is to receive up to 30 billion rubles ($530 million) from the central bank to stop it going bankrupt in the first bailout of its kind during the current rouble crisis.

The central bank also said its Deposit Insurance Agency, responsible for managing crisis-hit lenders, would take over interim supervision of Trust Bank as of Monday.

...Trust, which hired actor Bruce Willis as its face for a series of advertisements, is Russia's 32nd largest lender by assets, according to Interfax data. It is also 15th biggest by private personal accounts, including deposits.

...Under increasing pressure from a plummeting rouble and western sanctions over Ukraine, Russia's banking sector could get a capital boost of up to 1 trillion rubles ($18 billion) under a new law being prepared by the government.

...

https://www.reuters.com/article/2014/12/22/us-russia-crisis-cenbank-trus...

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Key Economic Events Week of 10/14

10/15 8:30 ET Empire State Fed MI
10/16 8:30 ET Retail Sales
10/16 10:00 ET Business Inventories
10/17 8:30 ET Housing Starts and Bldg Perms
10/17 8:30 ET Philly Fed MI
10/17 9:15 ET Cap Ute and Ind Prod
10/18 10:00 ET LEIII
10/18 Speeches from Goons Kaplan, George and Chlamydia

Key Economic Events Week of 10/7

10/8 8:30 ET Producer Price Index
10/9 10:00 ET Job Openings
10/9 10:00 ET Wholesale Inventories
10/9 2:00 ET September FOMC minutes
10/10 8:30 ET Consumer Price Index
10/11 10:00 ET Consumer Sentiment

Key Economic Events Week of 9/30

9/30 9:45 ET Chicago PMI
10/1 9:45 ET Markit Manu PMI
10/1 10:00 ET ISM Manu PMI
10/1 10:00 ET Construction Spending
10/2 China Golden Week Begins
10/2 8:15 ET ADP jobs report
10/3 9:45 ET Markit Service PMI
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10/3 10:00 ET Factory Orders
10/4 8:30 ET BLSBS
10/4 8:30 ET US Trade Deficit

Key Economic Events Week of 9/23

9/23 9:45 ET Markit flash PMIs
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Key Economic Events Week of 9/16

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9/19 10:00 ET Existing Home Sales

Key Economic Events Week of 9/9

9/10 10:00 ET Job openings
9/11 8:30 ET PPI
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9/12 8:30 ET CPI
9/13 8:30 ET Retail Sales
9/13 10:00 ET Consumer Sentiment
9/13 10:00 ET Business Inv.

Key Economic Events Week of 9/3

9/3 9:45 ET Markit Manu PMI
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9/3 10:00 ET Construction Spending
9/4 8:30 ET Foreign Trade Deficit
9/5 9:45 ET Markit Svc PMI
9/5 10:00 ET ISM Svc PMI
9/5 10:00 ET Factory Orders
9/6 8:30 ET BLSBS

Key Economic Events Week of 8/26

8/26 8:30 ET Durable Goods
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8/29 8:30 ET Advance Trade in Goods
8/30 8:30 ET Pers. Inc. and Cons. Spend.
8/30 8:30 ET Core Inflation
8/30 9:45 ET Chicago PMI

Key Economic Events Week of 8/19

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8/22 9:45 ET Markit Manu and Svc PMIs
8/22 Jackson Holedown begins
8/23 10:00 ET Chief Goon Powell speaks

Key Economic Events Week of 8/12

8/13 8:30 ET Consumer Price Index
8/14 8:30 ET Retail Sales
8/14 8:30 ET Productivity & Labor Costs
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8/14 9:15 ET Ind Prod and Cap Ute
8/14 10:00 ET Business Inventories
8/15 8:30 ET Housing Starts & Bldg Permits

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