Bye bye Putin's oil boom. Welcomme 1998 financial default ?

In a decline lubricated by falling oil prices and tension with the West after the war in Georgia, the Russian stock market is in its steepest slide since the 1998 financial crisis.
Partly as a result of global economics, partly as a consequence of the war in Georgia, the benchmark RTS index has lost half of its value since mid-July; the Micex has fallen 55 per cent since May !

Russia suffered another day of capital flight yesterday, despite the efforts of President Medvedev to calm the plummeting Russian stock market.
Rosneft, the oil giant, fell 19.1 per cent, while shares in Gazprom, the gas monopoly, dropped 17.2 per cent.
Russian exchanges suspend trading as panic grips Moscow traders.



Bye bye happiness, hallo Smuta?

Russia... :) ... sometimes I think, if they become updated and changed... how boring the world would look like. Its a land of revolutions... will probably stay like that. A new revolution every week.

The US withdraws capital,so what?The oil prices will remain high forever because that is what Russians want.

Somebody had knowledge LOL.

It is good that oil prices decrease, now Russians should be more likely for compromises.

They don't decrease.Probably the speculators got orders to release oil from the storage in order to press Russia.
They also want to increase the standard of living just before elections through cheap oil in order that the Republicans get popular again.You will see that after the elections the oil price will increase to the levels before May.

I like Poles. One day they're not satisfied with our despotic regime and have no idea why we didn't overthrow it yet; the other day they think we have revolutions too often.



Mdiaaa Boria.... that's what I expected considering our oil-based economics. :( Are you disappointed as well?

Just the classic old scenario from the mid 80-ties which resulted in decompositin of CCCP.
Plus rather capitalistic Dutch disease.
Again classic.

Minus mudjas and arab control.Minus willing insiders.

It is classic scenario from books. Nothing special, economies are in recesion people consume less, save money etc + last increase was speculation result.

Now we have decrease.

The speculators let them decrease.They have oil stored and now they release it.But when price hits a standard,they will stop again and leave it increase so as to sell in better price.
The oil price increase is permanent and not reversible due to increase in demand and decrease in production.Oil producing countries are not willing to exhaust their resources.Only BP,Texaco,private companies could do that,but now most oil companies are state owned and the states do not let production increase.(Russia,Iran,Venezuela,Saudi etc).

Russia will recover from this, as the russian state basically owns all the oil reserves...This crash is just a 'clean-up' move by the Rothschilds and their various 'partners' to seize real assets as collateral for all the funny money, derivatives and hedge fund securities they have been issuing...And, of course, the Rothschilds have always wanted to rule Russia; they still have the gold and money stolen from the Romanov family when their agents murdered them in 1917...but, they will fail this time, as Russia is strong, and Putin knows who the real enemy is, and has always been...the US?...who knows?...the Wall Stret Jews are still in charge here, and they have milked us dry.

I would rather worry more about America.

Transitory crisis???

Here is a post which was originally written in Polish but I quickly translated it into English. Sorry for unrefined language.


The problem of Russia may solve on its own in a natural way: since 2000 the population has decreased twice as fast as in 1990s. In years 2000- 2006 it decreased by 3.5 million.

Taking life expectancy, Russia occupies 157th place in the world. The decisive factor is:

A/ alcoholism. According to a Russian magazine " Arguments and Facts" in 2007 89.000 people died of alcoholism in Russia. Russians drink more and more: in 2000 it was 8 litres of pure alcohol per head, in 2007 it is 10 litres. In vodka proportions it makes 15 litres per head, including babies.
b/ Smoking is very popular, and people smoke the worst kinds of tobacco. Instead of going down, like in Europe, smoking is on the rise in Russia, about 135 packets per head annuallly.

c/ Life in Russia is short due to accidents, crime and diseases. Twice as much people die in Russia as in China or Brazil. Homicide rate is 20 people per 100 thousand, while in the USA it is 2-4.

High mortality rate wouldn`t be a problem if women had more children. But infant birth rate drops. Women can`t find proper partners to have kids with. According to magazine Ogoniok, half women surveyed are ready to bring up their kids on their own.
There is a physical lack of candidates for marriage who work and are responsible. Men in Russia degenerate and die young. There are millions of lonely women and mothers in Russia. The highest praise that a woman can say about a man is that he doesn`t drink.

In many aspects Putin`s propaganda of success is a bluff. The income of Russians goes up, but it is devoured by high inflation. Officially it is 11%, unofficially 20%. The prosperity, which is currently based on the primitive exploitation of natural resources, will end when oil and gas give out. Because the investment in the infrastructure is symbolic, the whole system and Russian "economic wonder" is going to collapse. It is a bluff, based exclusively on the export of fuels, not on society`s enterprenual skills.

What some people consider as the rebirth of the Empire, is only its death throes. Russia is depopulating, and her vast spaces will be taken by the Chinese who already dominate in border areas. The epoch of Russia is slowly coming to an end.

Exactly.Guys,get real.The reason russian population drops is that the life expectancy for males has reduced to 58 years.This means a lot less old people and pensioneers and an increasing proportion of young working people among population.So no money spent on pensions and no aging of population.Why is that bad?
On the one hand Europe worries about aging and on the other hand it worries about Russians because they are relieved from aging problem.

SWEET.

Where did this article come from?...If you give me the source, I can put it in better perspective...Russia still has problems, but what do expect after 70 years of rule by the Khazars?

Russian stock market rose up on 20 per cent within one working day! It was most astonishing rising in history! Do you still think that we are falling?

The state buys the stocks.



No,you have all aces in the sleeve.

Ah! Don't you think that we are in US, where state voluntaristicaly buys private companies trying to save them from inevitable fall. Of course we have one ace and its name is pragmatic policy. We don't need military base all over the world, hence our money are working on our economy.

Ups and downs in Moscows show only that state owned Russian economy becomes increasingly vulnerable to the oil prices and structurally needs interventionism of the central government.
Not too much has been changed from Brezhnev's times.

Maybe in a week we can see Russian economy in free fall, maybe not.
Both cases very interesting to look at them with a cold eye but warm heart.

I suppose Borrka, you are confusing something. Boldly, you confuse Russia with US. And I want to admit that we will see something interesting with it soon. I think that it won't be just a 'free fall', but a real disaster. Take my congratulation Borrka, your government have chosen wrong ally, as always. Soon, they barely will be able to pay their retreat from Europe, should I say about new military bases in Poland? Borrka, you know yourself that we are witnessing the begining of huge 'BANG' and now it will happen on the other side of Atlantic ocean.

It is KGB's oil boom.Can you sink KGB?

Neither small Poland nor large Russia are important in this game.
Only China and America are big shots here and it's interesting to watch them coming closer and closer in terms of economy.
The political relations will follow the business but some wannabe player will be forced to resign from this company with his tail between his legs.

If oil prices going down I'm happy because this will have positive affect on my pocket and Poland's economy in general. Just later I start to think about other consequences, Russia and etc.

While you of course start with Russia. One could think that Russian troubles make you more happy than improvements in Poland.

:)) sounds truly

My attitude towards Russians may differ a little from yours.
I really know them on the contrary to the common Polish (not to mention Western) imaginations.
At the level of private contacts they are mostly nice and modest people.
As a nation they make 100 millions Duganovs, if you know what I mean.
Chauvinism plus Third Rome's mission sometimes with red, sometimes with black sometimes with panslavic color.
I could prepare a lecture on it but that what happens just now should be enough for smart observers.

Ah and there is something more I've forgotten - Russians believe to be native born "liberators".
Makes fun in the "prison of nations" having their "Black Hundreds" as warders.

That would be nice of you. :) I like your posts. You're at least trying to back up your russophobian statementw and for me it's always good to learn some new thoughts about Ruses.

am i sensing that you are happy here, brate Borrka

I would remind you that only Russia is able to support Serbians right now, to save Southern Sarmatian lands, to put hands in the grave and pull us out again. Poland isn`t able brate and alone Serbs aren`t capable to survive. Foes are just too strong

Don`t force me Borrka brate to start to think that we are on the opposite sides.

Where beggining land of Racowie, ends Russian and Polish misunderstandings. It was so since time immemorial, from time of Wladislaw Warnenchik and Peter the Great and before them and after them. It should continue that way. That`s how it functioning. So, till the Serbians liberates Kosovo, it would be harmony among Poles and Russians.

As our Czech brothers used to say - Deth to EU and NATO!

IM POLISH HAHAHAHAHAHAHAH IM SOOOOOOO POLISH

obviously, Our Lord Jesus Christ loves you

Now, continue to resist to Borg. Let force be with you, dobri brate