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Topic: Rising Economy of Russia >> (Read 3300 times)

member
Activity: 350
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August 04, 2018, 05:28:06 PM
#78
I think interesting when people say how good is Putin for Russia, how he takes care of his country, how many good things he made to make his country stronger and there isn't any retaliation, but when Trump says about doing the same for USA, the media, ongs, "human rights" start attacking Trump with all their power and will. I think all this "global elite" wants is to see USA weak while another countries become stronger.
Russia is a strong and independent nation that grows very strongly. The growth has been increasing day by day, with all other sectors increasing rapidly. When a country has great economic potential, opportunities come to them a great deal. Especially that is the huge profits generated there which also have electronic money.
hero member
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March 24, 2017, 01:48:22 PM
#77
I think interesting when people say how good is Putin for Russia, how he takes care of his country, how many good things he made to make his country stronger and there isn't any retaliation, but when Trump says about doing the same for USA, the media, ongs, "human rights" start attacking Trump with all their power and will. I think all this "global elite" wants is to see USA weak while another countries become stronger.
legendary
Activity: 1792
Merit: 1283
March 24, 2017, 01:21:04 PM
#76
Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's

If I remember right, economic sanctions were imposed on russia years ago. Maybe as far back as 2014? Those sanctions took a toll on russian and european economies which can be measured in the billions of dollars range.

The suicide rate in japan does surpass the suicide rate in russia. In terms of overall "well-being" an argument could be made for russia having an advantage over japan.

I don't know what ratios of wealth or wage equality look like in either of those countries but that could also be a good metric to gauge "well-being" as could average number of hours worked per day, which I would guess definitely falls in russia's favor.

There's no doubt japan's technical sophistication is probably than russia's, at least outside of weapons of war. But that sophistication comes at a high cost in terms of japanese historically working and studying ridiculous hours to gain a small advantage.

There was a documentary done years back where impoverished africans from the poorest communities visited america and commented on how they felt sorry for americans they got to know, because all they seemed to do is work & not have time for anything else.

In that, I do kind of disagree with textbook definitions of what a nation's "well being" mean.

The sanctions were imposed by the European Union and United States

The United Nations couldn't possibly impose sanctions on Russia since that would effectively mean Russia imposing sanctions unto themselves. This is an unlikely event, by any means. Regarding suicide rates in Japan, it seems to be an obvious outcome of overpopulation. There is a whole scientific theory explaining this and other similar phenomena. For example, wars and epidemics should be considered as natural events aimed at preventing overpopulation (according to this theory). Right now when there are no more major wars and devastating diseases (like the Black Death in the 14th century), this function (of preventing overpopulation) went to big cities since in such cities people don't multiply. And therefore high suicide rates may be construed as just another such tool that nature invented to limit unrestricted population growth
I'm not too sure about what you said regarding suicide rates in Japan. Outcome of overpopulation? I doubt it.
I think it has more to do with their culture in general.

This article sums it up pretty nicely:
http://www.bbc.com/news/world-33362387

I can agree that suicide may be a possible effect of overpopulation in general, but in Japan's case, there's probably more to it than just that.
jr. member
Activity: 56
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March 24, 2017, 09:03:53 AM
#75
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.

Putin is primarily interested in developing the Russian economy. He really made a huge contribution to the development of the country and if he continues to develop the country, in a few years it will become even more powerful.
hero member
Activity: 798
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March 23, 2017, 03:08:45 PM
#74
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

That's really a good achievement to for with if you ask me because for countries that are wallowing in poverty, insecurity, political instability all those achievement stated there are luxury. I dont stay in Russia but I know no matter how one try, he can never be good to every one that's why Putin will still continue to face opposition from both within and outside the country but if those facts are anything to gho by, then I give it to him.
jr. member
Activity: 55
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March 23, 2017, 08:53:48 AM
#73
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.

All leaders or geniuses may be a little crazy, but Putin has done a lot for his country. If he continues to develop the economy, then in a few years the country will be included in the list of the best.
legendary
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March 19, 2017, 08:37:11 AM
#72
i just watched a TV show, and it said that Russia doesn't accept Bitcoin, so if u're in Russia, u use bitcoin => u're crinimal

I can only tell you watch less TV

Bitcoin has never been illegal in Russia, I've been telling that for years already but folks just listen to what they are being told by talking heads. At present, Bitcoin is close to being officially recognized as a foreign currency, but as to me, the longer it remains in the gray zone the better. The Tax Service of Russia has already made their position clear that they basically don't care about Bitcoin and ain't gonna tax it, just like profits from currency conversion operations are not taxed in Russia (even despite the respective clause in the Tax Code of Russia)
full member
Activity: 126
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March 19, 2017, 08:29:31 AM
#71
i just watched a TV show, and it said that Russia doesn't accept Bitcoin, so if u're in Russia, u use bitcoin => u're crinimal .
newbie
Activity: 20
Merit: 0
March 19, 2017, 08:25:17 AM
#70
Russia has many resources for good economic development and a powerful leader (Putin). Someone hates him, someone admires him, someone envies him ... He raised the country and continues to develop it.
member
Activity: 98
Merit: 10
March 13, 2017, 04:39:53 PM
#69
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.
yes that is right, in previous time although Russia was facing so many problems financial and other regional but now the economic condition of Russia is  increasing again.
Economic condition of Russia is not growing. Just a little increased income from the sale of oil and gas. It's not for long. In any case, Russia cut all spending, even on defense.
sr. member
Activity: 462
Merit: 250
March 13, 2017, 04:18:28 PM
#68
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.
yes that is right, in previous time although Russia was facing so many problems financial and other regional but now the economic condition of Russia is  increasing again.
hero member
Activity: 868
Merit: 500
March 13, 2017, 07:42:00 AM
#67
I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.
You are thinking that Putin is a dictator simply because you are watching too much media that is being fed to the general public so that they see a villain in Russia. The US always does have a hard on when it comes to the Russians and will go to any lengths to discredit them,but things are changing look straight and understand the reality rather than listening to paid news.  Tongue

That is problem now most people solely rely on MSM for their information and what you get from them is propaganda, Putin was hacking for Trump, but it end up that reverse is the case, see the recent CIA news from Wikileak
sr. member
Activity: 301
Merit: 250
March 12, 2017, 02:56:38 PM
#66
I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.
You are thinking that Putin is a dictator simply because you are watching too much media that is being fed to the general public so that they see a villain in Russia. The US always does have a hard on when it comes to the Russians and will go to any lengths to discredit them,but things are changing look straight and understand the reality rather than listening to paid news.  Tongue

I agree with you - you need not only listen to the news but also be able to analyze the situation. Nothing wrong with the fact that I do not see the president as dictator. Sometimes it keeps you from chaos. Russia is progressing, but not at a fast pace. There everything is stable
sr. member
Activity: 574
Merit: 252
March 12, 2017, 02:07:37 PM
#65
I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.
You are thinking that Putin is a dictator simply because you are watching too much media that is being fed to the general public so that they see a villain in Russia. The US always does have a hard on when it comes to the Russians and will go to any lengths to discredit them,but things are changing look straight and understand the reality rather than listening to paid news.  Tongue
member
Activity: 117
Merit: 100
March 12, 2017, 10:29:25 AM
#64
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing

I do agree, I think Putin is really doing a great job with Russia. I believe that if a leader has a dream for his country, no matter how crazy the world sees him he will persevere. That's what happened with Russia. I don't think the world should be afraid of this. Russia is progressing and I believe that it's a good thing. That should also go with other countries.
sr. member
Activity: 630
Merit: 263
March 08, 2017, 06:41:46 AM
#63
Having little knowledge when it comes to economic matters as it relates to Russia but its good that the country is doing well even though the West and other countries tries to bury the achievement of Putin under the guise that he is a political enemy. Whether that is true or not, the Russians should be the ones to be the judge of that. However, truth be told Russia has been able to stand tall against the West that any sanctions coming against them is meted with same reciprocal sanctions.
It happened because the West has adopted tough sanctions and attempts to negotiate with Putin. Besides if the West is to redirect the flow of their goods to other markets, then Russia would lose confrontation with West.
sr. member
Activity: 476
Merit: 254
March 08, 2017, 05:59:03 AM
#62
Having little knowledge when it comes to economic matters as it relates to Russia but its good that the country is doing well even though the West and other countries tries to bury the achievement of Putin under the guise that he is a political enemy. Whether that is true or not, the Russians should be the ones to be the judge of that. However, truth be told Russia has been able to stand tall against the West that any sanctions coming against them is meted with same reciprocal sanctions.
legendary
Activity: 3248
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March 08, 2017, 05:29:13 AM
#61
Russia was always the economic power on the world stage no matter all the problems and crisis she has. And it will be very importan financial and economic player in the future too. But the cold war is over long time ago and Russia shouldn't be considered as enemy anymore.
Yes, but before there was Russia (in Soviet Union) the economic system was actually working extremely bad and there was rather an illusion of it being successful, because it all lived using huge amounts of petroleum. Nowadays the situation is different. I guess the part of why they are successful is crypto-currencies. Did you notice how much information on currencies there is in Russian? And Ethereum which is one of the best now was created by a Russian 20-year-old guy! But I guess it is fine, Russia is not really a big enemy. There is an enemy way worth than that.
legendary
Activity: 3514
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March 08, 2017, 02:53:18 AM
#60
Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's

If I remember right, economic sanctions were imposed on russia years ago. Maybe as far back as 2014? Those sanctions took a toll on russian and european economies which can be measured in the billions of dollars range.

The suicide rate in japan does surpass the suicide rate in russia. In terms of overall "well-being" an argument could be made for russia having an advantage over japan.

I don't know what ratios of wealth or wage equality look like in either of those countries but that could also be a good metric to gauge "well-being" as could average number of hours worked per day, which I would guess definitely falls in russia's favor.

There's no doubt japan's technical sophistication is probably than russia's, at least outside of weapons of war. But that sophistication comes at a high cost in terms of japanese historically working and studying ridiculous hours to gain a small advantage.

There was a documentary done years back where impoverished africans from the poorest communities visited america and commented on how they felt sorry for americans they got to know, because all they seemed to do is work & not have time for anything else.

In that, I do kind of disagree with textbook definitions of what a nation's "well being" mean.

The sanctions were imposed by the European Union and United States

The United Nations couldn't possibly impose sanctions on Russia since that would effectively mean Russia imposing sanctions unto themselves. This is an unlikely event, by any means. Regarding suicide rates in Japan, it seems to be an obvious outcome of overpopulation. There is a whole scientific theory explaining this and other similar phenomena. For example, wars and epidemics should be considered as natural events aimed at preventing overpopulation (according to this theory). Right now when there are no more major wars and devastating diseases (like the Black Death in the 14th century), this function (of preventing overpopulation) went to big cities since in such cities people don't multiply. And therefore high suicide rates may be construed as just another such tool that nature invented to limit unrestricted population growth
hero member
Activity: 490
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March 08, 2017, 02:35:05 AM
#59
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
I dont think russia would progress.Putin is just a dictator and he is only interested in strenghthening his armed forces.Nothing special has been heard from russia in recent times.
legendary
Activity: 3514
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March 08, 2017, 01:09:32 AM
#58
And what does it change in the end?

You could say that they had been milking the whole Asia before the WWII (just like what the British Empire did), but it's been over 70 years after the war ended. But they have remained strong and likely became even stronger. What's the cause of that? As an aside, the Soviet Union had defeated Japan (twice) in local clashes even before Japan attacked the US in Pearl-Harbor. If there had been a full-fledged war between just the Soviet Union and Japan alone back then, the latter would be crushed within months. Likewise, today Japanese military is virtually non-existent but it is due to their loss in the WWII (remember they still lost that war)

Apart from limited influence in Korea and Manchuria, Japan didn't had much dominance over the rest of Asia.

Somewhere I read that the Japanese military is even stronger than the Chinese PLA. I believe they would rank among the top 5 armed forces in the world, unlike the other US allies such as Germany and the UK

You must have read it from me actually

There were some discussions on this matter springing up here and there a few years ago when someone started to claim that Chinese military is one of the strongest. I challenged that point by arguing that while the Chinese army might be greater in numbers than any other army in the world, the Chinese folks are not good fighters overall (despite all their "Sun Tzu"). There is nothing wrong with that since only a few nations still cut it as good warriors, and Japanese is one of them. So if they were given such an opportunity (though this is not possible since Japan is still basically an occupied territory), they would conquer China again. There were some minor armed clashes between China and the Soviet Union over border disputes in the late 1960s, and they all ended with miserable defeat of the Chinese military (despite their heavy outnumbering)
legendary
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March 08, 2017, 12:03:46 AM
#57
And what does it change in the end?

You could say that they had been milking the whole Asia before the WWII (just like what the British Empire did), but it's been over 70 years after the war ended. But they have remained strong and likely became even stronger. What's the cause of that? As an aside, the Soviet Union had defeated Japan (twice) in local clashes even before Japan attacked the US in Pearl-Harbor. If there had been a full-fledged war between just the Soviet Union and Japan alone back then, the latter would be crushed within months. Likewise, today Japanese military is virtually non-existent but it is due to their loss in the WWII (remember they still lost that war)

Apart from limited influence in Korea and Manchuria, Japan didn't had much dominance over the rest of Asia.

Somewhere I read that the Japanese military is even stronger than the Chinese PLA. I believe they would rank among the top 5 armed forces in the world, unlike the other US allies such as Germany and the UK.
legendary
Activity: 2562
Merit: 1441
March 07, 2017, 11:01:07 PM
#56
Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's

If I remember right, economic sanctions were imposed on russia years ago. Maybe as far back as 2014? Those sanctions took a toll on russian and european economies which can be measured in the billions of dollars range.

The suicide rate in japan does surpass the suicide rate in russia. In terms of overall "well-being" an argument could be made for russia having an advantage over japan.

I don't know what ratios of wealth or wage equality look like in either of those countries but that could also be a good metric to gauge "well-being" as could average number of hours worked per day, which I would guess definitely falls in russia's favor.

There's no doubt japan's technical sophistication is probably than russia's, at least outside of weapons of war. But that sophistication comes at a high cost in terms of japanese historically working and studying ridiculous hours to gain a small advantage.

There was a documentary done years back where impoverished africans from the poorest communities visited america and commented on how they felt sorry for americans they got to know, because all they seemed to do is work & not have time for anything else.

In that, I do kind of disagree with textbook definitions of what a nation's "well being" mean.
sr. member
Activity: 490
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March 07, 2017, 12:40:19 PM
#55
Russia was always the economic power on the world stage no matter all the problems and crisis she has. And it will be very importan financial and economic player in the future too. But the cold war is over long time ago and Russia shouldn't be considered as enemy anymore.

rue that Russia is one of the world's economic power, what now since bitcoin enter the Russian economy seems stronger, more investors from Russia entered bitcoin for sale and purchase of coin
sr. member
Activity: 462
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March 07, 2017, 12:17:35 PM
#54
I think Putin could be a good President with good economic policies.

The main threats to russia's economy may be.

1) Economic sanctions imposed on russia by the UN/EU.
2) Banking cartels hate russia as its the only major power they do not control or have influence in.

If it wasn't for those two things, russia could be prosperous right now

Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's

The case with Japan is different. Japan has been a super-power since the 19th century, and until 1945 none of the other nations could defeat them in a military conflict. Japan became an economic super-power by building on top of this strong base. The WW2 temporarily caused a blip in the Japanese economy, but they were able to survive.
i do not think that japan was ever super power. although  they have very strong economy but the do not even have such a define amry and that is the reason that they were defeated in world war II
legendary
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March 07, 2017, 04:36:54 AM
#53
I think Putin could be a good President with good economic policies.

The main threats to russia's economy may be.

1) Economic sanctions imposed on russia by the UN/EU.
2) Banking cartels hate russia as its the only major power they do not control or have influence in.

If it wasn't for those two things, russia could be prosperous right now

Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's

The case with Japan is different. Japan has been a super-power since the 19th century, and until 1945 none of the other nations could defeat them in a military conflict. Japan became an economic super-power by building on top of this strong base. The WW2 temporarily caused a blip in the Japanese economy, but they were able to survive

And what does it change in the end?

You could say that they had been milking the whole Asia before the WWII (just like what the British Empire did), but it's been over 70 years after the war ended. But they have remained strong and likely became even stronger. What's the cause of that? As an aside, the Soviet Union had defeated Japan (twice) in local clashes even before Japan attacked the US in Pearl-Harbor. If there had been a full-fledged war between just the Soviet Union and Japan alone back then, the latter would be crushed within months. Likewise, today Japanese military is virtually non-existent but it is due to their loss in the WWII (remember they still lost that war)
legendary
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March 07, 2017, 01:34:55 AM
#52
I think Putin could be a good President with good economic policies.

The main threats to russia's economy may be.

1) Economic sanctions imposed on russia by the UN/EU.
2) Banking cartels hate russia as its the only major power they do not control or have influence in.

If it wasn't for those two things, russia could be prosperous right now

Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's

The case with Japan is different. Japan has been a super-power since the 19th century, and until 1945 none of the other nations could defeat them in a military conflict. Japan became an economic super-power by building on top of this strong base. The WW2 temporarily caused a blip in the Japanese economy, but they were able to survive.
legendary
Activity: 3514
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March 06, 2017, 11:35:27 PM
#51
I think Putin could be a good President with good economic policies.

The main threats to russia's economy may be.

1) Economic sanctions imposed on russia by the UN/EU.
2) Banking cartels hate russia as its the only major power they do not control or have influence in.

If it wasn't for those two things, russia could be prosperous right now

Sanctions imposed by the UN, what did I miss?

It seems that you meant to say the US, right? Though I don't think that those are the primary drivers of underdevelopment. And neither has Putin anything to do with that (i.e. not being prosperous), though. Too many resources is like a curse which puts people living off them into an idle mode of operation, so to speak. Look at Japan, for example, it doesn't have anything (it is just tiny) but has population quite comparable to that of Russia while its level of economic development and overall well-being by far surpasses Russia's
legendary
Activity: 1246
Merit: 1000
March 06, 2017, 06:52:42 PM
#50
I think Putin could be a good President with good economic policies.

The main threats to russia's economy may be.

1) Economic sanctions imposed on russia by the UN/EU.
2) Banking cartels hate russia as its the only major power they do not control or have influence in.

If it wasn't for those two things, russia could be prosperous right now.

Economic sanctions against Russia in the past have hurt Europe, because Russia is a big economy and has the power to turn the tables on EU, by imposing reciprocal measures. Sanctions work best to isolate smaller economies.
legendary
Activity: 2562
Merit: 1441
March 06, 2017, 04:15:53 PM
#49
I think Putin could be a good President with good economic policies.

The main threats to russia's economy may be.

1) Economic sanctions imposed on russia by the UN/EU.
2) Banking cartels hate russia as its the only major power they do not control or have influence in.

If it wasn't for those two things, russia could be prosperous right now.
legendary
Activity: 3514
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March 06, 2017, 09:20:10 AM
#48
Russia is no producing anything, they have no factories, brands, patents. They have land and enormous amount of natural resources.
Vast oil reserves (but still not as big as Venezuela, Canada or UAE), gas, coal, diamonds, timber.
But building economy on oil and gas export is fine for now but what about the future, how many years will pass until there will be no oil to sell?
It is hard to estimate if this will happen in 10 or 40 years, but fortunately it won't be Putin's problem anymore

Personally, I wouldn't hope for that

At least, not for the nearest 20 years. Many people are fed up with Putin (I understand their pains), but he won't give up power voluntarily, there should be no doubts or illusions. Apart from that, he is pretty young for a president (Trump is 4 years older than Putin, just in case), and he certainly cares for his health. And in 20 year time they will likely develop an age-reversing technology and then...



And then we will have to live and cope with eternal Putin sticking around for centuries
hero member
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March 06, 2017, 08:48:30 AM
#47
Russia is no producing anything, they have no factories, brands, patents. They have land and enormous amount of natural resources.
Vast oil reserves (but still not as big as Venezuela, Canada or UAE), gas, coal, diamonds, timber.
But building economy on oil and gas export is fine for now but what about the future, how many years will pass until there will be no oil to sell?
It is hard to estimate if this will happen in 10 or 40 years, but fortunately it won't be Putin's problem anymore.

legendary
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March 06, 2017, 07:27:55 AM
#46
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

I have made a comment on this post and I remember clearly that I mentioned that Russia will be one of the biggest country in the world in terms of economy. But I never Imagined that they were on the verge of bankruptcy before. This just shows that Putin was a good president and an expert on economics. If he was not the president of Russia how will they came back up again

In August 1998, the Russian government defaulted on their GKO bonds (which loosely match the US Treasury bonds). It was rather a technical default (due to current currency reserves running dry), but it is essentially the same as if the US government refused to pay outstanding interest on their debt, i.e. interest on the Treasuries. Unsurprisingly, the Russian ruble collapsed 3 times overnight. On the eve of the collapse (i.e. August 16th) the US dollar cost around 6 rubles, in about a week after defaulting one dollar was worth almost 20 rubles

Putinomics is mostly based on high oil prices, without such prices, the Russian economy is stagnating
hero member
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March 06, 2017, 06:50:27 AM
#45
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

I have made a comment on this post and I remember clearly that I mentioned that Russia will be one of the biggest country in the world in terms of economy. But I never Imagined that they were on the verge of bankruptcy before. This just shows that Putin was a good president and an expert on economics. If he was not the president of Russia how will they came back up again.
legendary
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March 06, 2017, 03:43:59 AM
#44
I have another way of measuring the rising economy of a given country. I measure it with the average wage for the average profession. I know that in Russia ,teachers which is an honorable profession get's paid up to 100 Euro per month. That's not the ideal payment for me but maybe I am wrong as I have this read from the news here in US.

That was the salary 20 years ago. But Russophobes love the outdated data.

http://www.rferl.org/a/russian_teachers_protest_wage_levels/24352883.html

In 2011, a secondary school or kindergarten teacher's average salary in Russia ranged from $370 to $480 per month.

In fact, I'm more inclined to agree with Mr. Adidas

It is your data that is actually skewed (and maybe even outdated) since teachers' salaries are paid in Russian rubles, not in dollars, and they didn't rise much since 2011. In 2014 the Russian ruble devalued more than 2 times within a short period, and even if we take your figures (i.e. 400 dollars), right now the salary of a teacher would equal only 200 dollars, which is not very far from 100 Euro. In big cities, payments are obviously higher but in rural areas it is quite close to that. The matters are mended somewhat by the fact that most teachers are actually overworking and taking more class load than just 1 FTE (full-time equivalent)
legendary
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February 13, 2017, 12:33:24 PM
#43
I have another way of measuring the rising economy of a given country. I measure it with the average wage for the average profession. I know that in Russia ,teachers which is an honorable profession get's paid up to 100 Euro per month. That's not the ideal payment for me but maybe I am wrong as I have this read from the news here in US.

That was the salary 20 years ago. But Russophobes love the outdated data.

http://www.rferl.org/a/russian_teachers_protest_wage_levels/24352883.html

In 2011, a secondary school or kindergarten teacher's average salary in Russia ranged from $370 to $480 per month.
wpd
newbie
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February 13, 2017, 10:17:17 AM
#42
Russia was always the economic power on the world stage no matter all the problems and crisis she has. And it will be very importan financial and economic player in the future too. But the cold war is over long time ago and Russia shouldn't be considered as enemy anymore.

They aren't seen as an enemy, but it is important to still be wary
sr. member
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Americans do it better
February 13, 2017, 10:01:13 AM
#41
I have another way of measuring the rising economy of a given country. I measure it with the average wage for the average profession. I know that in Russia ,teachers which is an honorable profession get's paid up to 100 Euro per month. That's not the ideal payment for me but maybe I am wrong as I have this read from the news here in US.
hero member
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February 13, 2017, 09:57:56 AM
#40
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

What`s the point of this thread? Saying what a great president Vladimir Putin is? Grin

Russia has lots of resources and if there was no communism,Russia would be one of the wealthiest countires

in the world.

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.

You're going a bit fast here...
It's like saying "look at Africa, this continent is so badly managed it can't even manufacturer its resources"
That's mainly depending on people skills, which mainly depends on education, which mainly depends on development and State investments.

So not saying it's not an important problem, but it's a problem that can take decades if not centuries to take care of! You can't just come and say "ok now we'll manage this better" ^^
hero member
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February 13, 2017, 07:23:00 AM
#39
President VLadimir Putin was a president with a vision. The reason why citizens of Russia loved putin was because of his passion for service. Possibly through his administration the country of Russia will become big in the economic industry. But let us not make some assumptions based on opinion. Let Vladimir actions speaks for itself and may Russia finally reach its goal and consider bitcoin as one of the currencies that will help their economy.
hero member
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February 13, 2017, 06:48:01 AM
#38
Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, ff a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost

LOL  I've been telling people that for a long time now. Had no idea it was a Jewish proverb.

It's obvious that Russia is playing the Game just like just other nations and it seems that they're also somewhat suffering a bit as consequence, for example the EU sanctions for invading Ukraine. That they're also mostly exporting raw materials also is not helping. I still think that Russia will fare way better than Arabia in a post-oil world though.

I've also always wondered why Russia seem to be not as rich as the other European nations. I mean, it got a really HUGE territory and have a sizeable enough population. Well, guess they'll eventually get there. The current disunity of EU would play well into Russia's hands.

legendary
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February 10, 2017, 09:24:26 AM
#37
Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, ff a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost

I'am exactly talking about this.

Russia didn't want to buy some useless American technologies which America was eager to sell. They thought, "we can do it by ourselves." They may have wanted to buy some technologies which America didn't want to sell in the past. I didn't know about that Opel stuff.

I wasn't talking about cars, phones or starbucks anyway. I mean more complicated military technologies like missiles, tanks, planes, motor technologies, radar systems... If Russia have agreed to cooperate with the US on those techs, it would be another story. USA doesn't want an equal force to exist on earth. It's just simple as that. If they were to be existed, they don't want them to be independent. By independent, i mean they shouldn't be able to decide independently whether if they are going to have a war with someone or not

I understand that you may not have heard about the Opel deal

But wtf are you talking about all that stuff which I emphasized if you apparently don't have a clue about anything from that list? It is Russia which sold to Americans the missile technology in the early 90s, but which the latter could not reproduce and still have to buy rocket engines from the former. Though I agree that it was mainly developed by the Soviets, but it has been 25 years already since the Soviet Union collapsed. Regarding tanks, your claim is laughable (Russia was the first country which started serial production of the 4th generation tank)
newbie
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February 10, 2017, 08:26:50 AM
#36
Economy of Russia. Well there is one superfluous word in this collocation. Either it is Russia or it's economy. You won't understand economical situation in Russia unless you try to live here. So as a russian citizen I can say that word 'rising' can't be applied to Russian totally dependent on oil price economy.

I really hope that Russia will reach that status of 5th biggest economy in the world. Maybe then dollar and euro will stop to cost so much for us. And not only that. Many things changed when Putin became president. I think it is the brightest moment in our history. Of course many of people do not like his politic, but as well I know some foreigners who would like to see Putin as president of their countries.
yes i want a person like him for my country to....... a great leader and strategist..........

lmao. so according to you great leader and strategist is someone who robs his own country and doesn't give a single f*** about ordinary people right? people should base their conclusions on the results of internal policy of Putin and I can say there is not much to be proud of. All today's russian "wealth" was gained with undeniable help of ridiculously high oil prices. The biggest proof of this statement can be found in graphs of russian gdp and crude oil price. I bet you won't distinguish these 2 graphs.

oh and btw average russian pension is somewhere near 100$  Smiley
legendary
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February 10, 2017, 08:10:50 AM
#35
Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, ff a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost

I'am exactly talking about this.

Russia didn't want to buy some useless American technologies which America was eager to sell. They thought, "we can do it by ourselves." They may have wanted to buy some technologies which America didn't want to sell in the past. I didn't know about that Opel stuff.

I wasn't talking about cars, phones or starbucks anyway. I mean more complicated military technologies like missiles, tanks, planes, motor technologies, radar systems... If Russia have agreed to cooperate with the US on those techs, it would be another story. USA doesn't want an equal force to exist on earth. It's just simple as that. If they were to be existed, they don't want them to be independent. By independent, i mean they shouldn't be able to decide independently whether if they are going to have a war with someone or not.

Look at Germany, on the paper, they are independent. Their people live mostly in peace, incomes are high, but they don't have the balls to say "stfu" to the president of the USA. In the end they will do what they are told.

On the other hand Russia can.

and Iran.

and China.
sr. member
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February 10, 2017, 07:45:36 AM
#34
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

It's good for Russia and global politics but they shouldn't attempt anything against Bitcoin or any Altcoins for that matter as the first four bigger economies of the world are embracing its usage appreciably.
legendary
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February 10, 2017, 05:18:25 AM
#33
Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free

Russia wanted to buy Opel for the American dollars, a German car producer owned by the American capital nowadays. And you guess what happened? The American government refused to sell it, despite all their so-called "laissez-faire capitalism". Now think again about Russia refusing to buy "some American technologies". As the Jewish proverb goes, if a problem can be solved with money, it's not a problem but expenses

But chickens always come home to roost
legendary
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February 10, 2017, 05:07:34 AM
#32
Russia refused to play by the capitalism rules so they are paying the bill for a long time. Putin isn't a stupid communist and he tries to adapt but the damage is done back in the time.

It's all because Russia refused to buy some American technologies. They said "we can build the same technology our own, no need to buy", and they did. I congratulate them for this.

If they haven't chosen that way, they would have become another American puppet country which won't be able to lift a finger without their permission. Now they are poor maybe, but they are free.
hero member
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February 10, 2017, 04:36:36 AM
#31
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.
That's right. Big capitals are going abroad for supporting such '"friends" as Syria, East Ukraine, Serbia and who knows whom else. But I think this numbers in the main thread are just numbers and it has nothing with the situation inside the country and making citizens' life better.
sr. member
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February 10, 2017, 03:50:23 AM
#30

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.

You may have a point ere but not only oil Russia has to offer.They have also other resources which can boost their economy and i agree someone here that a good management of resources,manufacturing can help their economy. I do believe in Putin's leadership.

oh I read that Russians are going to tax bitcoin transaction?

Its still the same Russia. Only the rich are getting richer in there. Nothing has changed. Still a lot of corruption going on, wars inside and out and Putin as President does not help at all. I agree, they have a lot of resources, but only few are benefiting or exploiting their resources so it only the rich an the oligarch are getting richer.
full member
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August 12, 2016, 08:14:10 PM
#29
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

I would liek to see the hwole world do well. I hope russia is not anti america. as long as we can be freinds i wish everyone well
hero member
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August 12, 2016, 06:57:02 PM
#28

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.

You may have a point ere but not only oil Russia has to offer.They have also other resources which can boost their economy and i agree someone here that a good management of resources,manufacturing can help their economy. I do believe in Putin's leadership.

oh I read that Russians are going to tax bitcoin transaction?
legendary
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Your country may be your worst enemy
August 12, 2016, 06:01:01 PM
#27
Russia, USA, China.. where are the people in your talking here? Maybe they have rising economies, but people are hungry all over the world, how many poor people there are?

Very true. Poor manufacturing capacities and lack of entrepreneurs prevent Russia from rising, but that won't stop Putin, his best friends and some oligarchs to amass tons of money.
legendary
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August 12, 2016, 02:39:32 AM
#26
Russia, USA, China.. where are the people in your talking here? Maybe they have rising economies, but people are hungry all over the world, how many poor people there are? I don't care about their economies, all they do with their money is investing in weapons of mass destruction. Nothing good from all these governments, one day there will be no borders that is just a way to keep us separated

You should always remember that Internet itself has its roots in military projects developed in the late 1960s and early 1970s. And this is only one example when military developments turned into something wider and more peaceful, so to speak...

You can find a lot of such examples yourself
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August 11, 2016, 08:36:58 PM
#25
Russia, USA, China.. where are the people in your talking here? Maybe they have rising economies, but people are hungry all over the world, how many poor people there are?
I don't care about their economies, all they do with their money is investing in weapons of mass destruction. Nothing good from all these governments, one day there will be no borders that is just a way to keep us separated.
legendary
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Your country may be your worst enemy
August 11, 2016, 06:09:36 PM
#24
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

What`s the point of this thread? Saying what a great president Vladimir Putin is? Grin

Russia has lots of resources and if there was no communism,Russia would be one of the wealthiest countires

in the world.

Yes, lots of resources, but the country is so poorly managed that it can only sell them raw. It's manufacturing which makes a country rich. Just look at China, South Korea or Taiwan. Is there a single Russian product which can compete with those of other countries? Somehow, Russia is like Saudi Arabia. As long as there's oil or gas to sell, the country's going fine, but when there'll be no more, it will sink.
hero member
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August 11, 2016, 05:46:46 AM
#23
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......

What`s the point of this thread? Saying what a great president Vladimir Putin is? Grin

Russia has lots of resources and if there was no communism,Russia would be one of the wealthiest countires

in the world.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 11, 2016, 05:12:42 AM
#22
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.

I live here, lol. So I don't need any sources, and you don't need to tell tales, "savsem"
Thanks for the correction. Nevertheless, we are with you, we live in different countries. Either we look at things differently. Personally, I am satisfied with everything in Russia. And if I do that that is not enough, I myself can always change everything. If only criticize and neither do any of that. Life will never change.

Things got worse here for the majority of people during the last two years. Not as bad as they were in the early 90s, of course, but the tendency is clear enough, and it doesn't bode well anyway you look at it



Putin is paranoid (given his past), and he is forced to appoint to major positions people which are loyal to him personally but are mostly incompetent for the office they are appointed to. For example, the current prime-minister (Putin's pet boy) is universally regarded as no less than a clown...

This is being openly discussed, but Putin doesn't seem to give a fuck
newbie
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August 11, 2016, 01:27:16 AM
#21
I really hope that Russia will reach that status of 5th biggest economy in the world. Maybe then dollar and euro will stop to cost so much for us. And not only that. Many things changed when Putin became president. I think it is the brightest moment in our history. Of course many of people do not like his politic, but as well I know some foreigners who would like to see Putin as president of their countries.
yes i want a person like him for my country to....... a great leader and strategist..........
hero member
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August 10, 2016, 06:41:23 PM
#20
I really hope that Russia will reach that status of 5th biggest economy in the world. Maybe then dollar and euro will stop to cost so much for us. And not only that. Many things changed when Putin became president. I think it is the brightest moment in our history. Of course many of people do not like his politic, but as well I know some foreigners who would like to see Putin as president of their countries.
legendary
Activity: 3066
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Your country may be your worst enemy
August 10, 2016, 05:46:57 PM
#19
What progress? What rise? I'll believe in Russia when I'll see a russian product I'd like to buy, but I've never seen a single one in my whole life.
Think about it. Can you name something russian-made that a westerner would be happy to own?


An AK-47, cheap, idiot-proof and super-reliable.   Smiley   You asked...

*   *   *

But, seriously, there are indeed FEW Russian made manufactured products that consumers would want.

If anyone believes that Russia is a seriously rising power (and it could be, many resources as mentioned above, and a low national debt), then perhaps a way to "play Russia" (make money) would be to go to eBay and/or Heritage Auctions and buy the below scarce Russian coins (as well as any other top quality Russian antiques or works of art that future Oligarchs might want):

Russian 3 Rouble Platinum coins (1828 - 1845).  
Russian 6 Rouble Platinum coins (same years, VERY rare, VERY expensive)
Russian 12 Rouble Platinum coins (EXTREMELY rare & expensive)

At eBay search: Russia, 3 rouble, platinum  The higher the grade (condition) of coin the better.  An example:

http://www.ebay.com/itm/Russia-Platinum-coin-3-Rouble-NGC-AU-55-1838-Rare-/232026549209?hash=item3605dc2bd9:g:uT0AAOSwEeFU2RUn

Also gold coins, high-quality antiques, etc.



An AK-47? I don't want one. It's low-tech, short-range and totally outdated. Only poor Africans are still buying some nowadays, and maybe not for long as there are chinese AK-47 look-alike which are cheaper.

Old coins? Well, that's only of interest to collectors, and I was asking about some Russian good which is being produced now, not some 200 years ago.
sr. member
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August 10, 2016, 05:29:20 PM
#18
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.

I live here, lol. So I don't need any sources, and you don't need to tell tales, "savsem"


Thanks for the correction. Nevertheless, we are with you, we live in different countries. Either we look at things differently. Personally, I am satisfied with everything in Russia. And if I do that that is not enough, I myself can always change everything. If only criticize and neither do any of that. Life will never change.
sr. member
Activity: 240
Merit: 250
August 10, 2016, 05:17:50 PM
#17
   Russia has enormous deposits of natural resources, including oil and natural gas. It is a major energy exporter, and potentially contains 20 percent of the world's natural resources. That's why they are rising, they find a good way to exploit al that and make big profit.
   On top of that, Siberia is not fully explored yet, who knows what they have there. As long as they control all that, they will have big market. A lot of people talking about Russia economy rise under their president Putin, and we can say that before him Russia was devastated from inside. He bring back some order in their state, and under Putin they started their way up.
Correctly. At least at this point in time, the best that can be in Russia. But everyone understands. With no need to stop there, and Russia, have to go forward.
sr. member
Activity: 240
Merit: 250
August 10, 2016, 05:08:30 PM
#16
Russia is only 15th largest economy now, see here https://en.wikipedia.org/wiki/Russia#Economy, and have also EU sanctions. Plus country have low salaries, just think - what is the minimum salary in Russia and USA.  Wink
When you read the statistics about all the bad things in Russia. Are you surprised by the fact that in Russia, for many years there is no strikes or riots ?! Is that the Russian people lives quietly, not to say that the Russian people well? Wink You just do not know any of the current state of affairs in Russia. Just do not know and do not understand the Russian people, and never will understand. Smiley
legendary
Activity: 3514
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English ⬄ Russian Translation Services
August 10, 2016, 04:59:28 PM
#15
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.

I live here, lol. So I don't need any sources, and you don't need to tell tales, "savsem"

hero member
Activity: 588
Merit: 500
August 10, 2016, 04:50:43 PM
#14
   Russia has enormous deposits of natural resources, including oil and natural gas. It is a major energy exporter, and potentially contains 20 percent of the world's natural resources. That's why they are rising, they find a good way to exploit al that and make big profit.
   On top of that, Siberia is not fully explored yet, who knows what they have there. As long as they control all that, they will have big market. A lot of people talking about Russia economy rise under their president Putin, and we can say that before him Russia was devastated from inside. He bring back some order in their state, and under Putin they started their way up.
sr. member
Activity: 240
Merit: 250
August 10, 2016, 04:44:26 PM
#13
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.
legendary
Activity: 3514
Merit: 1280
English ⬄ Russian Translation Services
August 10, 2016, 03:02:26 PM
#12
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
hero member
Activity: 658
Merit: 500
August 10, 2016, 08:23:25 AM
#11
Russia is only 15th largest economy now, see here https://en.wikipedia.org/wiki/Russia#Economy, and have also EU sanctions. Plus country have low salaries, just think - what is the minimum salary in Russia and USA.  Wink
hero member
Activity: 1372
Merit: 647
August 10, 2016, 07:55:41 AM
#10
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.
Maybe it's just that, people can't feel the growth individually because it's as a whole, country's growth. If they are saving their money, I think they have their reason/plan in spending it. We can't jump into any conclusion for that since we don't have any idea of their plans. What's good is that Russia is having an economic growth this year.
newbie
Activity: 1
Merit: 0
August 10, 2016, 06:19:49 AM
#9
Russia, nonetheless, seems to have weathered the emergency generally well. As upon the research of dissertation writing service I can say that Genuine GDP expanded by the most elevated rate subsequent to the fall of the Soviet Union, the ruble balanced out, swelling was moderate, and speculation started to increment once more. Russia is gaining ground in meeting its outside obligations commitments.
legendary
Activity: 1344
Merit: 1006
August 09, 2016, 09:19:01 PM
#8
I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.
legendary
Activity: 2940
Merit: 1865
August 09, 2016, 06:38:39 PM
#7
What progress? What rise? I'll believe in Russia when I'll see a russian product I'd like to buy, but I've never seen a single one in my whole life.
Think about it. Can you name something russian-made that a westerner would be happy to own?


An AK-47, cheap, idiot-proof and super-reliable.   Smiley   You asked...

*   *   *

But, seriously, there are indeed FEW Russian made manufactured products that consumers would want.

If anyone believes that Russia is a seriously rising power (and it could be, many resources as mentioned above, and a low national debt), then perhaps a way to "play Russia" (make money) would be to go to eBay and/or Heritage Auctions and buy the below scarce Russian coins (as well as any other top quality Russian antiques or works of art that future Oligarchs might want):

Russian 3 Rouble Platinum coins (1828 - 1845).  
Russian 6 Rouble Platinum coins (same years, VERY rare, VERY expensive)
Russian 12 Rouble Platinum coins (EXTREMELY rare & expensive)

At eBay search: Russia, 3 rouble, platinum  The higher the grade (condition) of coin the better.  An example:

http://www.ebay.com/itm/Russia-Platinum-coin-3-Rouble-NGC-AU-55-1838-Rare-/232026549209?hash=item3605dc2bd9:g:uT0AAOSwEeFU2RUn

Also gold coins, high-quality antiques, etc.

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
August 09, 2016, 05:46:39 PM
#6
What progress? What rise? I'll believe in Russia when I'll see a russian product I'd like to buy, but I've never seen a single one in my whole life.
Think about it. Can you name something russian-made that a westerner would be happy to own?
legendary
Activity: 1806
Merit: 1024
August 09, 2016, 02:43:06 PM
#5
Indeed Russia has made significant economic progress. Under Putin, the country made a harsh transition from its socialist era to a modern economy. Compared to most other countries, Russia is resource rich, with many unexplored and unexploited assets still lying dormant below the extensive landscape. Therefore it has significant potential for further growth both in terms of economy and in population (which go hand in hand).

I would say that in terms of remaining development potential, Russia is greatly exceeding the US and China. The latter countries have much higher population densities and have already exploited most of their resources.

ya.ya.yo!
newbie
Activity: 26
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August 09, 2016, 12:12:51 PM
#4
It's good for Russia to have an overall economic growth, but their attempts to ban/restrict Bitcoin use are completely detrimental to it. Hopefully, they will give up on that soon enough.
legendary
Activity: 2912
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WOLF.BET - Provably Fair Crypto Casino
August 09, 2016, 10:10:25 AM
#3
Russia was always the economic power on the world stage no matter all the problems and crisis she has. And it will be very importan financial and economic player in the future too. But the cold war is over long time ago and Russia shouldn't be considered as enemy anymore.
member
Activity: 60
Merit: 10
August 09, 2016, 09:12:11 AM
#2
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing
newbie
Activity: 31
Merit: 0
August 08, 2016, 10:20:48 PM
#1
When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
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