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Putin Offers Full Amnesty For Money Repatriation, Threatens Crackdown Against FX Speculators
Earlier today Putin used his his annual speech to both houses of parliament, delivered in a chandeliered ceremonial hall of the Grand Kremlin Palace in Moscow, to give a pep talk to an economy that has been faltering in recent months as a result of, if not so much western sanctions which have hurt Europe more than Russia, then certainly tumbling oil prices. As Bloomberg notes, "the ruble is near a record low, the economy is headed for a recession and banks are pleading for state aid." It was Putin's task to try to persuade Russians today that panic isn’t the answer to their economic pain.
In his speech, Putin on one hand appealed to Russian patriotism. As reported by AP, he evoked religious imagery and defended the Kremlin's aggressive foreign policy as necessary for his country's sheer survival. Putin described Crimea as Russia's spiritual ground, "our Temple Mount," and added that national pride and sovereignty are "a necessary condition for survival" of Russia.
"If for many European countries, sovereignty and national pride are forgotten concepts and a luxury, then for the Russian Federation a true sovereignty is an absolutely necessary condition of its existence," he told a full room of Cabinet ministers, lawmakers and community leaders. "I want to stress: either we will be sovereign, or we will dissolve in the world. And, of course, other nations must understand this as well."
Putin also said that Russia is not going to get involved in an expensive arms race, adding that unspecified "unusual solutions" are at the nation's disposal.
"No one will succeed in defeating Russia militarily," he said. "They would have been delighted to let us go the way of Yugoslavia and the dismemberment of the Russian peoples, with all the tragic consequences. But it did not happen. We did not allow it to happen."
Moscow-based analyst Maria Lipman said that despite bellicose statements toward the West in the beginning of his speech, Putin "also spoke about how we are by no means going to isolate ourselves, we are interested in constructive work even with Europeans and Americans."
"This year, as in many fateful historical moments, our people clearly displayed national revival, firm resistance, and patriotism," he said. "And the difficulties we encountered will create new opportunities for us, we are ready to accept any challenge of our time and be victorious."
But while his romantic, emotional appeals were to be expected, what the financial community was focused on was his proposals to stabilize the economy. Among these were a three-year freeze on impromptu inspections and tax checks for companies with a clean record.
Putin also praised the work of the Central Bank, which moved to free float the ruble this year even though the currency hit a record low on Wednesday.
Lipman said that Putin was trying to reassure both the liberal and conservative camps in the government, but realizes his hands are tied by economic factors.
Perhaps the most notable announcement by Putin was that Russia would provide a "full amnesty" for holders of offshore funds, in a push to repatriate some of the $125 billion in capital that is said to have left the nation in 2014. To entice Russia billionaires to keep their cash in Russia Putin reminded everyone how hostile the west could be toward Russian money, using the Cyprus bail-in as an example. To wit:
I announce a full amnesty for capital returning to Russia, and i repeat, a full amnesty. What does that mean? Those people who fully legalize, fully bring back their capital to Russia, should be protected from being dragged to various law enforcement agencies, and from having to prove where they got their money from, and from being exposed to criminal investigations.
We need to reverse the history of capital flight from our country, we need to end this era.... We have already done a lot of work to improve our investment climate, and now we need to turn to implement that legislation.
Do Russians want to be "ripped-off abroad" once again when the next Cyprus takes place? Their best choice is to return to Russia, Putin added.
Finally, and perhaps most entertaining, was Putin, warning that the former KGB spy himself would go after FX manipulators who have succeeded in pushing the Ruble to record lows:
We know who these people are, and we have the means to rein them in. It's time to use these instruments.
Considering the only big FX traders left are other, western, central banks, we wish Putin the best of luck, but please wait so can grab the popcorn before "using these instruments." Or perhaps Putin should just form a task force with the SEC and the FCA: last we checked regulators around the globe were also "eager" to find FX manipulators around the globe...
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They are torture instruments. Don't mess with Vlad!
Bring you money home, ....aaaaannnnnddddd it's gone. Apparently, in Russia too.
Of course.....said money will have to be paid in gold.
...that is said to have left the nation in 2015....
2015? Do they have a different calendar?
I am sure Putin was pointing his finger at FX speculator/manipulator extraordinaire George Z-oros
"should be protected from being dragged to various law enforcement agencies, and from having to prove where they got their money from, and from being exposed to criminal investigations."
Not even the National Association of Realtors can top that.
When bulls are fighting frogs are dying. - Romanian proverb
Where is that Kermit roadkill picture.
It is well known in the marketplace that the USSA and banksters are attacking the Ruble, to undermine Putin and initiate regime change. When the time is right, Putin will give the Ruble shorts a rat fucking that they will never forget.
https://www.youtube.com/watch?v=9oVg1uDPqKg
I'd put a little love in a Russian bank account as a hedge, and I'm not even Russian. Why don't they make it easier for foreigners?
hey if he takes bitcoin no questions asked ill repatriate some of my rubbles as long as he converts STRAIGHT to gold and stores it for me free of charge. fuck knows when or if ill ever come and collect or be able to. but its a hedge against these corrupt fuckers in the west getting it all
Sorry I am a little dense today, i dont get the jist of that proverb.
Go to the VTB (Probably the most international Russian bank) and open a corporate account . You don't need to be incorporated, they say they will accept sole trader status. I would do it if I had some spare cash laying around, but all my saving are, (all together now) "At the bottom of a deep lake".
VTB people, at least in London, are probably the rudest bastards of all the bankers you are ever likely to meet. I like that. It's better than some smarmy git out to screw you over with a fake smile. They are giving 7% to 8.7% rates for savers so it's attractive too. It is a speculative position on the Ruble, you understand, and should not be thought of as an investment especially in today's political climate. Once again, I am not giving out financial advice, just shooting the breeze about supporting Russia with our wallets.
When the time is right, Vlad will fart and roll over.
...and Amerikan Patriot will be there to greedily insufflate the aroma.
Bravo. Brovo.
Putin is a POS, a thug, and a failed strong-man. Putistan is in a deap shit with Putin on his way out.
There, I fixed it for you.
This rouble repatriation day is as bell ringer for Russian mobsters.
Russia's under pressure and making allies where they can find them.
No, Russia is trying to ake "new" allies where they can find them. Russia sat back and watch all the other allies be butchered. Iraq, Libya, Syria, Serbia, Kosovo, Ukraine and others. Some of these countries would have been important allies in the currency fight but are no more due to Russia not being anyones true allie. Now Russia is in a much weaker position and I fear doomed.
Only China has strength and China keeps seperate from Russia due to the lack of character displayed by Putin and Russia before.
Maybe you should read the full article before commenting. The 2015 date was a typo in the teaser and corrected in the main article. You are welcome.
The RUB was apparently floated just last month, so this could be that initial plunge. The amnesty for repatriation is obviously an incentive to offset the shorting of the currency. But one has to admire Putin's determination in the face of adversity and bullying.
Russia may have bigger fish to fry at this moment. http://johngaltfla.com/wordpress/2014/12/03/12-03-2055-et-breaking-news-... If this is accurate, how much would anyone wager this has US fingerprints all over it?
PUTIN: Trust me ... Mother Russia will welcome you and your money back with open arms ... the jail cells will come later when you break a window.
Meanwhile in Chechnya ... the head of the Chechen Republic is spinning the attack this way ..
In a television interview in Moscow, Mr. Kadyrov bragged that he had time to personally manage the counterterrorist operation in Grozny and still attend Mr. Putin’s speech.
“When this all started, I flew home, held a special operation, killed the devils, held a meeting, gathered the staff for restoring the damaged building and made it in time to listen to the address of our national leader, the president, Commander in Chief Vladimir Putin,” he said.
------------
Geez, if only I were like Putin and his disciples ... I could juggle bowling balls and chainsaws, fuck three hot babes all at once, pen some sweet poetry, crush free market enterprise, and shove a ton of military hardware out the back door all at the same time ... what a guy!
/s
Well Putin is at least for russians. Americans have been sold out by the Dems, GOP, Pentagon, military and intel agencies.
America is Trayvonville shithole.
Government officials and oligarchs in Russia have for years been encouraged to hold assets abroad (cash in Switzerland, property in Spain, children in Paris, stocks in London, etc). Indeed, having assets abroad has been a pre-condition within Russia for obtaining promotion to powerful positions, under the (colonialist) systems set up by Washington's economic advisors, who were sent in after the defeat (conquest) of the Soviet Union in 1991, following 50 years of hard work by the US State Dept (Langley).
Foreign-based assets allow Washington to threaten people with confiscation, sanctions, etc ("Do X, otherwise something will happen to your assets abroad"). The purpose of the sanctions is not so much to confiscate wealth, but to gain political leverage over powerful people by the THREAT of sanctions.
Yanukovych's massive foreign-based stash was his undoing in February 2014: he could have easily crushed the political putshits, foreign-trained terrorist armies on the streets, and clueless kiddies on the Maidan, but Washington told him that if he did so, then he would lose his billion. So he wavered, then fled, and now the whole country has gone to hell.
Putin has been slowly dismantling Washington's leverage over Russia by a gradual process of restoring sovereignty (in the face of resistance from many domestic players), and "nationalization", which doesn't necessarily mean state control, but bringing control (of companies, finance, resources) at least within the geographical borders and jurisdiction of Russia, thereby disempowering Washington from its political leverage over the assets' powerful owners.
Today's announcement of amnesty for "de-offshoring" capital is another step in this direction. In fact, he has been trying to do this since becoming President in 2000 and has made many such statements along the way. Only now, with the attacks against Russia becoming more intensive and apparent to all, is the support growing to actually implement such sovereignty-restoring measures.
As we have seen with other countries which tried to be sovereign nations, e.g. Yugoslavia, Libya, and Syria, Washington reacts angrily and uses all means at its disposal to suppress sovereignty and preserve what Putin calls their "uni-polar world". The current US Ambassador in Moscow, John Tefft, was previously the US representative in Georgia and Ukraine, where "color revolutions" took place.
Efforts to organize a Maidan in Moscow are well underway, including the role of the IMF-controlled Central Bank suppressing economic growth (explained in this 20-minute video) and street protests, which the sovereignists are working to block, as happened here (25 people detained at a Maidan lecture in Moscow).
This will get ugly.
Russia is exceptional! Here's the most honest 3 1/2 minutes in TV history;
https://www.youtube.com/watch?v=wTjMqda19wk
wow, wow, wow, Putin offers full amnesty, of the no-question-ever-asked kind. it's a quite powerful offer. Italy did it in a weaker form, and repatriated some 90 billions so, in Berlusconi's time. Germany tried it in an even weaker form, and it flopped miserably
tie this together with how Putin is forcing the bureaucratic middle class to make their ski vacations in Sochi and their summer vacations in Crimea, or how he always hints that "getting Cyprused" is what happens if a Russian banks offshore...
quite an offer, I repeat
Yep, most don't see this for what it really is. We are still years away from the dollar tanking, but it is definitely becoming clear that when it comes to international trade, there are alternatives.
If things between Russia and the "West" deteriorate, more overseas Russian assets will be targeted. This is a gift to those who have squirrelled away assets elsewhere and are potentially in jeodary of having them seized. Perhaps Putin stands to be a beneficiary as well? This indicates to me that the Russians are actively preparing for a deepening and lengthy deterioration in relationships with the "West".
when the "West" wants to sanction you, condemn you, provoke you ... is it any wonder that russia will turn away?
russia just wants to be an ordinary country trading with others under the same rules and not having nato try to overthrow it so that chosen oligarchs can loot the country.
ukraine steals gas, the bypass solution south stream has been blocked so now russia will sell its gas to those who do not sanction, condemn and provoke.
of course this will be labelled anti western or aggressive or something like that.
europe is just a collection of countries that kowtow to the Us regardless of whether or not it is in their country's interests.
It's ironic, since from a longer term perspective, Russia and Europe culturally have more in common and a rapprochement would be far more beneficial for both. Instead of a potential strategic counterweight against China, Russia has been practically forced into China's arms. Given Tibet, issues in Arunacha Pradesh, etc., I would say longer-term, deepening Chinese entanglement could be hazardous to Russian sovereignty.
I do think that the US is trying to overthrow Putin as he is a threat to the Petrodollar. The real tragedy is that US finances have gotten to such a sorry state that the US can be threatened in such a way. So instead of policy changes to put the US on a sustainable path, the system, and those who benefit from it, are going to keep doing more and more draconian things to keep the teetering status quo going. Europe is not far behind, if not ahead in this regard.
I'm confused. Does amnesty apply to Russian or Hispanic money? Can King Barry give another speech to clarify?
There is another element to it. Right now, taxation in Russia is VERY low for both income (13% residents, 30% non-residents) and dividends (9% residents, 15% non-residents). General corporate profix tax is 20%, while company dividend tax is 9% (with exemptions going up to half of it). Compare this with the taxation code in ANY Western country...
"...the former KGB spy himself would go after FX manipulators who have succeeded in pushing the Ruble to record lows"
though luck, there. from the perspective of a rich Russian strongly exposed to the Rouble, it makes "portfolio sense" to have a short position "as a hedge". this is one of the classic examples on how the richer someone is, the more "global" his outlook, and the less "national" his wallet beats, louder then his heart
but I could well imagine the KGB going after certain FX trading desks jockeys. those guys are... targetable by various means
Some folks might have a nail gun accident... or drink the wrong tea... You don't need to fight "the system" to paralyze it, just some of its people...
Perhaps our FX comrades would like some tea?
Vlad is Vladislav
Vova (Vovan) is Vladimir.
Russia will become the new Swiss when it comes to banking.
Holy crap, that's not so far fetched. Discrete western capital (particularly US) has no place to go since the strong armed fracturing of the Swiss system. Numbered accounts in Petersburg? What if Vlad can not only bring Russian capital home, but bring it home trailing everybody elses as well... what other state can legitimately offer to protect private capital and keep it completely out of reach from western agents? No questions asked. If Moscow becomes the Pied Piper of coin then Vlad, Lavrov and the rest of the Kremlin strategists really will have earned their "Chess Master" stripes. Novo-Hibernia? L.O.L.
To be a banking center, you are going to want a legal system that protects instutitional investors and free movement of capital. The West has a legal/political system that prevents TBTF entities very well...that is all that is needed...
was needed
The same way American account holders were protected at John Corzine's firm? Their accounts were segregated and were NEVER to be touched by law.
It would really be amazing, if true. Though if this is the case, the banking sector in Latvia is going to be panicking pretty hard (since that's where a sizeable pile of "discreet" Russian holdings is currently domiciled)
As long as the funds are kept in the "system", you will be provided "protection".
Amazing how little people question the powers that ALL of these puppet heads of state truly work for. Putin is definitely the most entertaining player at this point, but why be so naive. Choosing the lesser evil is an option, but overall is there much difference with what is going on behind the scenes?
Smoke and mirrors makes for a good show, and at the least: an escape.
gotta think he is telling the truth, and will honor that promise..wanna bet billions on it?
Oh, he probably will. That is, if you bring money back you won't be prosecuted for how/where you got it.
Hanging on to it after you've brought it back, though...
if i was a Russian with some "shady" or even clean funds stashed in Westerns banks, i would probably take the tax hit and repatriate.
Western banks and sanctions will continue to sieze assets. are Hong Kong/Singapore safe?
Circling the wagons. All nations will be forced to do this out of necessity.
The whole point of global FATCA is that they don't have to give any sort of amnesty. They will just grab whatever the TJN calls "fair share". From money you made that is.
Reminds me of one of Edgar Cayce's readings in 1932.
In Russia there comes the hope of the
world, not as that sometimes termed of
the Communistic, of the bolshevistic; no.
but freedom, freedom! That each man
will live for his fellow man! The principle
has been born. It will take years for it to
be crystallized, but out of Russia comes
again the hope of the world. Guided by
what? That friendship with the nation
that hath even set on its present monetary
unit “In God We Trust’
Well that is one side of the story ... Edgar Cayce though had further readings on Russia - and Europe. And USSA. But that's something for another time - and something the Westerers likely don't want to hear.
Russia kicked out of SWIFT in three...two...one...
That's why they're working with China, India, etc., to establish international payment systems not controlled by Washington.
Russia To Have SWIFT Alternative By May
Putin also said that Russia is not going to get involved in an expensive arms race, adding that unspecified "unusual solutions" are at the nation's disposal.
polonium cocktails anyone?
Thanks....but I'm trying to cut back.
unusual being monetary weapons?
Unusual as in what happened to that Aegis-class cruiser in the Black Sea...
Unless he is tallking about their bomb that can kill without destroying nfrastructure. Supposedly it just sucks the air out fo you. Then....well...you die I guess.
...just sucks the air out of you
Like buying a new car. A process made so demoralizing, buyers remorse is a relief.
That is a neutron bomb.
What he is talking about are supposed 'natural' disaster causing weapons, which would only trigger 'un-natural' disaster weapons.
Not a win in the bunch
Honesty, candidness, modesty.
What if...?
I know, Dreamer...
But I'm not the only one.
it won't be military despite that being the immediate thoughts of many in the US.
.
You'll need to go to London for that. The anti-Putin Russian-Israeli oligarch mafia makes a mean cup of tea.
http://www.strategic-culture.org/news/2014/07/31/theresa-may-raises-an-o...
From Russia with love.
Scalar Tesla weapon ? Earthquake PAMIR Machine weapon ?
That was the exact interview I was thinking about too! Sounds awesome. Russia dosent want a war. Russia dosent want to showcase this weapon. However it knows that someday, someone will force her hand. I dont want to see it.
That asshole needs a polonium baseball bat
Like the baseball bat you carry in your ass?
No - like the communist manifesto you carry in yours
Fuck you.
cl spec: You can expect more of these types of psyopps scare tactics. The boogey man is gonna be sic'd on you if you bother Russia statements. More and more Putin resembles Sadaam and his claims of the "mother of all battles". But, you know how Putin could make it effective? By doing something, for once. Wipe out all the WUk units with his death ray from space.
The WUk govt has had to make greater and greater wild claims in hopes scaring someone. Putin is starting this same process. Desperation, and it will not work.
Western sanctions, ruble crash hit Russians hard
By LAURA MILLS 13 hours ago
MOSCOW (AP) — Oyster Bar built a thriving business serving mollusks to well-heeled Muscovites. Then came Western sanctions, and the restaurant was forced to rechristen itself this fall. Today, it serves up burgers and pizza under a new name: No Oyster Bar.
Co-owner Ilya Sokhin said a Russian ban on European oyster imports hit hard, and the average check at his restaurant — a sleek new building in the famous Gorky Park — has more than halved.
Russia's economy has been battered this year by uncertainty over the conflict in Ukraine, the falling price of oil, Western sanctions and retaliatory Russian import bans. Poor and middle-class Russians are increasingly challenging government insistence that a 40 percent drop in the value of the ruble — now worth a record low of 54 to the dollar — will affect mainly the rich.
Approval ratings have so far remained high for President Vladimir Putin, who has staked the reputation on Russia's reemergence as an economic powerhouse after the turbulent 1990s. But Putin, who will give his annual state of the nation address on Thursday, faces growing anger from middle-class families and even poorer Russians as their quality of life declines.
Mikhail Antonov, a 27-year-old manager at a children's goods store, had saved up this year to drive with friends from Moscow to Germany, and spend a week visiting Christmas markets and the countryside. But the 30,000 rubles he has saved up have gone from being worth 670 euros ($830) at the start of the year to less than 450 euros ($560) today, and he has canceled the trip.
"This would have been my first trip abroad and my girlfriend and I had saved up," he said. "Now because of the situation in Europe and Ukraine, everything has gotten more expensive and our savings have been reduced to nothing."
View gallery According to Vladimir Kantorovich, vice president of Russia's Tour Operator Association, travel abroad for the winter holidays is down 30 percent, and trips to Europe have fallen about 50 percent. On Wednesday, Russia's flagship airline, Aeroflot, hiked its ruble-denominated prices by 15 percent.
Olga Kupriyanova, a 35-year-old law professor at Moscow State University, says her family of four feels the pinch particularly when it comes to putting food on the table. Inflation is estimated to reach 10 percent by early next year, and food is rising fastest. According to the Federal Statistics Service, chicken costs 27 percent more than it did last year, pork 25 percent, and the beloved staple of buckwheat 48 percent. Russians on average spend about 30 percent of their income on food, compared with 6.7 percent in the United States.
"We've started to economize on food, but nonetheless because of rising prices our expenses have grown by about 10 percent," said Kupriyanova, who has replaced red meat with chicken and cut most cheese and fish out of the family's diet.
Russia's economic woes stem from a trifecta of problems. First, oil and gas exports, which finance half of Russia's budget, have been hit by the plummet in world markets: the global price of crude oil has fallen some 25 percent since the summer. Renaissance Capital analyst Oleg Kouzmin says if prices stay there, Russia could see its economy shrink by 3 percent next year.
Second, Russia's banks, which were slapped with sanctions this summer as a response to Moscow's role in Ukraine, have to pay off $90 billion in external debt before the end of 2015, which is becoming harder by the day as the ruble loses value. The central bank had tried to support the ruble but after spending $29 billion in October alone it gave up and floated the currency last month.
Finally, Russia banned Western meat, dairy, vegetables and fruit this summer in response to the sanctions, helping drive the steep spike in prices.
On Tuesday, Russia's economic development ministry revised its economic forecast for 2015, predicting a drop of 0.8 percent instead of 1.2 percent growth. Finance Minister Anton Siluanov has said the sanctions are costing Russia $40 billion a year, and falling oil prices another $90-$100 billion.
Politicians and state-run television have pushed a narrative that only the rich will be affected by the depreciation of the ruble. But slowing growth and rising inflation have affected average Russians like Kupriyanova and Antonov, who both earn less than the average Moscow salary of 50,000 rubles a month, now worth about $925.
"Politicians are trying to make the best of the situation, but this attacks low-income households more than middle- and high-income households," said Konstantin Sonin, an economist at Moscow's Higher School of Economics. "They spend more on consumption and food, and they are the most vulnerable."
Putin's ratings remain high, with a recent poll by the independent Levada Center showing over 50 percent of Russians would vote for him if elections were held tomorrow. But he is coming under increasing pressure to act.
One joke making the rounds on Russian social media: "What do Putin, the price of oil, and the ruble have in common? They'll all hit 63 next year."
I drove by there today and they had a sign that read, NEW ITEMS:
HAMBURGER------HOTDOG
I wouldn't be surprised if the change was made strictly for business reasons. The Russians really bought into the hamburger, MickeyDs does gangbusters in Moscow.
For those interested, here are photojournals of Moscow right before and at the time of the fall of the Soviet Union. Notice the line in front of McDonalds:
http://zyalt.livejournal.com/1215158.html
http://zyalt.livejournal.com/1208127.html?utm_source=ljpost&utm_medium=t...
BTW, Amerikan Patriot, I'm still waiting for my offical CIA/Hasabara Troll application. I believe I can make a difference in your ranks. Please, PLEASE GIVE ME A CHANCE!!!
The AP is a Red Shield and oligarch mouthpiece. Food inflation in Russia looks lower than Fergusonville Amerika where gangs beat white to death with hammers and cops choke cigarette salesmen.
They only choke in New Yorkistan.
this one is really good
Those people who fully legalize, fully bring back their capital to Russia, should be protected from being dragged to various law enforcement agencies, and from having to prove where they got their money from
make me haha
As I keep saying Russia is possibly the last nation state in earth.
It represents the 7th circle. - the post 1648 world.
Europe resides within the 9th circle.
The market state.
The post 1992 nightmare.
I wish he'd go after the gold and silver manipulators.
But they are doing him a favor right now with cheap gold.
Not really the way it works when cash flow sucks.
Oil income way down, reserve values way down, credit worthiness way down.
Crazy impression to western world - way up.
All wrong about Putin and the U.S.......the entire G20
http://newworldorderg20.wordpress.com
http://bit.ly/12ziYUb
http://bit.ly/11Z62WL
http://bit.ly/1vYvlWu
Who has the most sophisticated hackers??? Check Kaspersky´s statements... Computer glitch and flash crashes coming in some office in NY in ....3...2...1.... They want war, they will get war... buffalo fried algos served for lunch....
How dare you call "romantic" someone who is not cynical about his own country and his own heritage. CHina is a multi-millenaries culture and will dominate the XXIst century.
The era of destroying the past, ignoring history and trashing everything in the name "novelty" is over. That was teh United States post 1950s where every decade the past decade had to be forgotten. This era is over thanks to China, while Russia is also getting back to its historical roots. Century old and millenaries old culture is a wonderful thing. Even America, with its limited length of history is actually doing that with Ron Paul.
Welcome back to the past in the coming future.
How do you destroy "Anglo-American" fraud?....
Incentivize safe havens for your countrymen that invest their money abroad and others will follow!
Yes actually parking money in Russia is now a good idea, who would have thought??? Got to pinch myslef.... FACTA in the US and capital friendly in Russia....
JUDO is the art of using the opponent´s strength, movement and mass to your own advantage...
I bet you if you put money in a Russia bank account as an American you can do it.
Get some wire in Hong-Kong for a "service" and the counterparty wires some money in your freshly open bank account in Moscow...
and screw FACTA....
rWN
Have to be honest... I don't know how well Americans will be treated given the unbearable sanction(s) and the turmoil and death the U.S. and British government(s) have levied on Russia. But if Western Europe starts to break apart and calls it quits with the Euro"in time" even Americans with their money could eventually be welcomed!
Banking in Russia has it's own problems. Lot's of people with identical names but different passport numbers. They get switched a lot right before accounts get emptied.
How does one go after the Vampire Squid, especially when working on behalf of the empire? Can't be done, the only possibility for them is to decouple.
This is fucking hilarious. Come back mobsters, all is forgiven.
Have you been asleep your whole life? Same as it ever was....
Listen to the Pole who thinks he is smarter then everyone else.
The CSIS world of kissenger groupies.
In fact their recent IEA presentation agreed Europe was fucked and in a advanced state of entropy.
This has been the biggest problem with Russia...any money made was taken out for security reasons...nver reinvested in Russia...which creates jobs and an economy.....I for one would not trust Putin...ask the oil guy in jail...but if they can get the capital back...that will be a good thing for Russia....it will create an economy and jobs..
Khodorkovsky now lives in a nice mansion in Switzerland and is trying to become President of Russia.
Remember Lenin in Switzerland 100 years earlier, preparing a revolution financed by Jacob Schiff and Leon Trotsky in New York.
and let's not forget that zionist Khordorkofsky is just an agent of the zionist Rothschilds. When Yukos was privatised, Khordorkofsky was "given" this company by his Bolshevik Zionist brothers for pennies on the dollar.....He was just the frontman for Rothschild, funded by Rothschild. When he was jailed, he turned over his shares of Yukos to Rothchild.
http://news.bbc.co.uk/2/hi/business/3064683.stm
Ask the citizens in Crimea who are having their land, businesses and money stolen in the name of Mother Russia how much to trust Putin and his ilk. Their crime is being a citizen of the land on which they lived.
link or conjecture?
http://www.sfgate.com/news/crime/article/Change-of-leadership-in-Crimea-...
http://hosted.ap.org/interactives/2014/crimea/
Far, far from what this propagandist tells.
http://globaleconomicanalysis.blogspot.com/2014/11/bloomberg-sensational...
Vlad's gearing up for yet another ruble default. Russians are accustomed to the unfortunate ruble periodically losing half or more of its value, which is why many Russians save in the dollar and euro.
Instead of focusing on being like Saudi Arabia, Vlad should have spent the past decade encouraging Russians to find something more to export than energy.
When the sanctions begin to bite more and with oil's continued fall, ordinary Russians will come to understand that their Dear Leader's ostracism from the international community isn't earning them anything except poverty.
There have been a few countries like Russia which depend on energy and mineral exports. Now we can see Venezuela and Australia (amongst others) starting to suffer from their lack of internal development and value added processes.
"Now we can see Venezuela and Australia (amongst others) starting to suffer from their lack of internal development and value added processes."...butt butt free trade makes everybody stronger, me thinks you might have add USA to above list, as shipped all that value add stuff to china..
well it's pretty difficult to export something when the 90s oligarchs spent most of their time trying to screw every last cent out of russia.
quite a bit has changed in the last few years, mostly for the good of russia and to the detriment of the oligarchs.
of course it will still take some time to further improve things especially when being "sanctioned" and "isolated".
But, you must live within 25 miles of the bank where you re-patriate your money.
Introducing: Siberian Savings & Loan
They give away a hand toaster and parka with every new passbook savings account.
" in a push to repatriate some of the $125 billion in capital that is said to have left the nation in 2015"
2015, very forward thinking!
Life must be lived forwards, but can only be understood, backwards!
The words of Kierkegaard.
Attribution is a sign of respect.
But thank you for reminding us of these profound words.
Who? I read it in the old farmers almanac.
Read it again.
I fixed it for you. :)
Chess player, indeed. Making moves based on future data...
The FX speculators want Russia to intervene - usually the speculators are only able to drive the price when there is no one on the other side of a trade. But that also means no one is there to let the speculators cash out either. Thus a country that intervenes is usually the only way the speculators find someone to sell to at these stretched prices.
You see the same thing with gold. No one is actually selling physical, so it is the Western Central Banks that actually deliver the cheap physical so that the paper speculators can cash out.
Putin's "instruments" are made of gold.
"The Man with the Golden Nail Gun"
Gee - you mean Russia mobsters and oligarchs are hiding money off shore to avoid taxes??? Sort of like what Warren Buffett, Tim Cook, and the Wall Street bankers are doing in the US?
I see it more as the Russians want to be the offshore bank accounts. Pretty interesting move to say the least. I could see massive flows of money there from Brazil, China India maybe, Pakistan, Iran, America maybe. Hard telling. Even if and when this money begins its transfer to the Russian, I doubt anyone will have the whos, whats its, and whys though.
The Russians are offering an amnesty.
The Australians are also offering an amnesty with only light penalties.
The Americans have threatened every foreign bank to disclose full details of US citizens.
But the Europeans appoint a tax evasion enabler as President of the European Commission.
So why doesn't the G20 impose sanctions on known tax havens?
Answer: You can bet your bottom dollar that they are mostly UK and US driven.
That BLS joker, the one who likes to smash the Gold with those 7,000 lot market orders at 2am better watch his back.
Forcing Gold lower and then as a consequence having a KGB hit squad on your tail is not worth it brother. Come over to the long side, and live...
And this is why the crashing of a plane into the World Trade Towers made no sense when the real target should have been Wall Street stock exchange.
But hey, let them smash gold. I like stable prices when I do my gold shopping every week.
There were many tonnes of gold in storage at wtc that were never recovered during the cleanup.
Not so much gold at wall street
Perhaps I should put in a low ball offer on the Brooklyn Nets.
After hearing something like that, you know this is what the Russian barons are thinking...
Perhaps it is best for everyone to be like Saudi women who wear their wealth by way of gold and other jewellery. The reason for this is that if they arrive home and are greeted by a husband telling her that he is divorcing her, she has no right to go back into the house and retrieve her belongings.
A women in Islam get a dowry from the huby or huby familly, if they divorce she can keep all the dowry (savings or gold) nobody can take it back.
But divorcing is more difficult than in the West and for the right reason that if not, women will turn like slutty golddigger like in the West...
Yes, after all she has all the rights of a dog, a really poorly kept dog.
While in the West she can throw out you in prison with a false rape accusation (or domestic violence) she cry, call the cops and you get accused just because she cryed even if nothing hapenned, trap you into 18 year child support slavery with an oops pregnancy or with a no fault divorce, can take half of your shit, are fat, lazy or having fucked dozaine of cock before searching a wallet, sorry an husband :)
So you can go home with your feminist bullshit.
What a deal.
As a man in the West I effectively have the right of a dog, a women can srew your life in total liberty sorry I'm not part of that deal --> don't get married it's a scam. More and more young men wise up and tell to women to go fuck themselve, don't expect marriage rate and child rate increase anytime soon :)
At least a whore is more honest.
rant/
Sounds like someone stuck his dick in the wrong hole and got it bitten off.
Crazy women everywhere, not just USSA
Nothing to do with 'feminist', muslim 'culture' treat their woman like dogs - plain and simple.
At least Muslim keep their from becoming bitches.
Those unrestrained women are those who become bitch and screw men, my little mangina.
While I don't have so much affinity with Muslim culture doesn't mean I side with feminist, liberals by default like you.
How doth the little crocodile
improve his shining tail,
And pour the waters of the Nile
on every golden scale!
How cheerfully he seems to grin,
How neatly spread his claws,
and welcome little fishes in
With gently smiling jaws!
L.C,F
Bring it home and no questions asked. Just deposit it in "United Russia" bank and we will give you a "Get out of jail free"card and a toaster and (limited time only until they are gone) a Putin tee shirt.
"......the assumption was that Russia would become the great supplier of energy and raw materials to Europe. This was the period of Europe's great “rush for gas” as the Europeans looked forward to unlimited and unending Russian supplies of gas. It was the increase in the role of Russian gas in the European energy mix which made it possible for Europe to run down its coal industry and cut its carbon emissions and bully and lecture everyone else to do the same.
However the Europeans did not envisage that Russia would just supply them with energy. Rather they always supposed this energy would be extracted for them in Russia by Western energy companies. This after all is the pattern in most of the developing world. The EU calls this “energy security” - a euphemism for the extraction of energy in other countries by its own companies under its own control.
It never happened that way. Though the Russian oil industry was privatised it mostly remained in Russian hands. After Putin came to power in 2000 the trend towards privatisation in the oil industry was reversed. One of the major reasons for western anger at the arrest of Khodorkovsky and the closure of Yukos and the transfer of its assets to the state oil company Rosneft was precisely because it reversed this trend of privatisation in the oil industry."....
http://russia-insider.com/en/politics_business_opinion/2014/12/04/12-02-...
You know Putin's own billions will never be repatriated.
Show one credible link/sources showing he has billions. I've never seen one. Just a lot of innuendo and propaganda. However, if you play ball and do the bidding of the oligarchs who run the US -you get filthy rich -like Cheney, the Bush's and Clintons. That's all a matter of public record.
Al the while our Amerikkan oligarchs get ultra rich, are responsile for millions of innocent lives, have stolen hundreds of tons of gold from the countries we destroy and then have the audacity to tell everyone in the world how morally superior and exceptional they are. Its fucking sickening.
Got news for you buddy, their the same oligarchs that run Russia.
I don't believe they have complete control of Russia -almost did until Putin got in. Lot of people think this -same for China -but I don't believe it. Now whether they get control sometime in the future is another question.
Want to bring capital at home Putin ?
Make your country a tax haven, no FATCA, no automatic exchange, gold and numbered account !
Do it, f*cking do it !
George Soros and consort we come for you !
It will be funny to margin call those f*cker.
This is an interesting idea. However, they will kick Russia out of SWIFT before that happens.
Hope it's before May when they make their own system....
That's the plan. BRICS already has an alternative to SWIFT.
Putin is a PENIS...
a shrunken, shrivelled one at that.
The only thing that gets him going is to force himself into the world's vaginas
As so it is with all the world's leading PENIS's
I can't believe you got upvotes for that. How many ZH login ID's do you have?
The penis' on ZH only saw the word "vagina" and immediately upvoted his post
The leading PENIS is Obama - this differs from Putin in one respect- he prefers male asses to vaginas.
Ahhh the American opinion and intellectual debate at its finest. This is why we cant have nice things. You people forgot how to communicate properly.
"I announce a full amnesty for capital returning to Russia, and i repeat, a full amnesty. What does that mean? Those people who fully legalize, fully bring back their capital to Russia, should be protected from being dragged to various law enforcement agencies, and from having to prove where they got their money from, and from being exposed to criminal investigations."
I suppose this is the same type of 'repatriation' that is occurring in Crimea today. Russian government stealing factories, land, money, etc. lawfully owned by citizens, all in the name of Mother Russia - aka communism.
Communism, like the leftists in America, know so much better than you what is really yours and what is really good for you.
Communism doesn't seem so bad compared to the crony capitalist feudal system we are becoming in the US. Our police state , militarism and oligarch control of the media, Wall street and government rivals anything Russia may be claimed to have.
.
Ah, keep repeation as if repeation makes the true story out of false facts. Your quasi-intellectual hobboism and transparency is clearly seen through.
http://globaleconomicanalysis.blogspot.com/2014/11/bloomberg-sensational...
"Olga Kupriyanova, a 35-year-old law professor at Moscow State University, says her family of four feels the pinch particularly when it comes to putting food on the table. Inflation is estimated to reach 10 percent by early next year, and food is rising fastest. According to the Federal Statistics Service, chicken costs 27 percent more than it did last year, pork 25 percent, and the beloved staple of buckwheat 48 percent. Russians on average spend about 30 percent of their income on food, compared with 6.7 percent in the United States.
"We've started to economize on food, but nonetheless because of rising prices our expenses have grown by about 10 percent," said Kupriyanova, who has replaced red meat with chicken and cut most cheese and fish out of the family's diet.
Russia's economic woes stem from a trifecta of problems. First, oil and gas exports, which finance half of Russia's budget, have been hit by the plummet in world markets: the global price of crude oil has fallen some 25 percent since the summer. Renaissance Capital analyst Oleg Kouzmin says if prices stay there, Russia could see its economy shrink by 3 percent next year.
http://news.yahoo.com/western-sanctions-ruble-crash-hit-russians-hard-14...
Putin regime just attacked and killedin Chechnya FREEDOM FIGHTERS :)
Yes, if there are Chechen militia fighting against Ukraine army and citizens than Putin regime calls them as rebels but if there are Chechen militia fighting in Chechnya against Putin regime than they are terorists :)
http://www.bbc.com/news/world-europe-30323751
Potato eaten already and back to trolling for another one, viedoklis_Latvian S.S.R.? Less humiliating if you went to border and begged Russian to throw potato to you.