Remember
not so long ago we had a joke about the domestic automotive industry
that Russia does not produce cars, and the designer called "Collect
yourself." So, it turns out, newspapers are now writing, so that most readers have to guess what the reporters wanted to convey to people? And often, the reader remains in the state of extreme surprise, and did not understand the author's intention.We go to the newspaper "Izvestia" and read: "Russia in the foreign exchange front, not to win"Joining the WTO would weaken its position in world tradeOh, this is the most popular contemporary Russian journalists in the word MAY. It justifies all. May weaken, but may increase, and can generally nothing happens. What
neither article, the word can it is critical: it may drop the action,
but can not, can increase the price of oil, may withdraw, can do, etc.Begin
to read the article Julia Mironova trying to get to the bottom a given
problem, and confronted a fan of random thoughts, not only related to
the stated theme and the main emphasis on the weakening of the ruble,
the currency issue.The
Central Bank on Tuesday raised its forecast for almost half of the
outflow of capital from Russia - up to $ 70 billion to $ 36 billion This
further limits the possibility to issue securities under the ruble mass
attracted investment and, therefore, so to regulate the currency. All this occurs against the desire of countries to weaken their currencies to support the competitiveness of economies. At
the same time, Russia has until the end of the year plans to end all
talks on joining the World Trade Organization (WTO), where, apparently,
we have hard times. Trade war gave way to exchange, do not doubt the experts.On
Tuesday, one of the most affecting financial markets news (not counting
the European issues) has information about what central bank of Japan
officially had a massive currency intervention to reduce the rate of the
yen. What he actually did, dropping the national currency to the dollar by 3% (in early intervention depreciation amounted to 4.5%).What the Russian Central Bank and Finance Ministry does not follow the general course, asks Julia Mironova? Vaughn and Japan conducted an intervention against the yen. Indeed, according to the ideas of Julia weakening the national currency unit "supports the competitiveness of the economy." Further
results in a lot of arguments: "Dear currency in times of crisis -
shackles for economic development, because it makes goods and services
uncompetitive. Therefore, since last year, in order to get out of the
pit, many countries have resorted to foreign exchange intervention to
reduce currency exchange rates. We note in this field Even
Switzerland, crushed "heavy" franc, which is why the problem was
influenced by its neighbors and it is a relatively prosperous state.What to say about China, whose economy has made it to second place podium of the world largely because of the low yuan. Such actions have replaced trade wars. After
formally most of the world community with the creation of the WTO gave
the right to establish a fair level of competitiveness of the economies
of the free market. "WTO,
foreign wars, competitiveness, and many talked a writer instead ask a
simple question: what we are competing with Russia in other countries,
what is the difference between Japanese and Russian economies.? Why does Russia need to weaken its own currency, if we trade raw materials?Silent and author of the difference between Japan and Russia, which is very important. In Japan, Russia compares to the high cost of labor, although conducted in the last six months of intervention. Japan sells manufactured goods and raw materials Russia. Japan hardly uses the migrants, and in Russia, with migrants, wages reduced to indecent limits. In Japan, the discount rate of 0.1%, while in Russia 8, 25%. So to claim that Japan won that does, but we do not run after it pulled up his pants, very, very meanly and foolishly.But,
as seen from the notes, the purpose of the author did not understand
the benefits and shortcomings, which will be in Russia from WTO
accession and persuade the reader that the devaluation of the ruble is
the surest route to the industrial recovery and prosperity. This statement is repeated in almost every paragraph.
"But Russia has so far simply do not have the financial and political will to change something.- Our Central Bank still pursuing a policy imposed by the IMF currencyboard - when the money in the country are issued under a flow of hard currency earnings of exporters, loans and foreign capital inflows. Central Bank did not emit rubles depending on the needs of the economy. Although we have the tools and reserves - more than $ 500 billion of gold reserves, more than 1 trillion - Stabilization Fund - indicates Vyazovsky Alex.It turns out that we will soon lose the advantages of the country can not be obliged to free trade. But it will not be able to resort to monetary measures of impacts that have not yet limited by international borders. And, as stated by "Izvestia" Maxim Medvedkov, monetary policy is not considered as an object of regulation by the WTO. "Hurry to devalue the ruble, screams Julia Mironova, while "monetary policy is not considered as an object of regulation by the WTO." And, apparently, want to shout - devalues the ruble on a major, because of the financial oligarchy and raw magnates emerged new spending.And this despite the fact that high inflation in Russia, and so reduces the value of the ruble and the oligarchy brings huge profits will drive people into poverty, that we do not observe the same in Japan, where a decade of deflation. But "bold" Julia Mironova says that we must continue to devalue the ruble and, accordingly, the labor force, so that the oligarchs have arrived, it's doing everything, "but Russia has so far simply do not have the financial and political will."Contemporary ArchiveWho prevents the strong ruble?Look through the press about the meeting with Vladimir Putin and Alexander Kudrin headache: what is it they say? Just do not understand. It seems that many journalists, describing the meeting, did not understand."Too strong ruble, according to the president, could undermine the competitiveness of national economy" - the newspaper "Kommersant".How could undermine the national economy strong ruble? A strong, I'm taking them used the expression, may cut earnings commodity monopolies, supplying hydrocarbons to world markets, not undermine, but rather to strengthen the position of producers in other industries. The Americans recently doing everything to strengthen the dollar, recognizing that the foundation of stable existence of American manufacturers. And here, it turns out, all the way around.On the vague statement from Putin, Kudrin still confused Bole says: "The main measures to prevent the building - is responsible Alexei Kudrin - it measures the government, but as soon as the government increases its spending by oil and gas revenues, it threatens to further strengthening. As part of the forecast, which we are prepared we will be able to hold the planned consolidation options. "Kudrin would stick to a single coordinate system, and no claim is absolutely contrary to the allegations. MPs and the people, he said that additional costs will cause inflation, and therefore they should be restricted and, in this case, the increase in costs for oil and gas revenues, according to the minister, there will be strengthening of the ruble. How will strengthen? After all expenses will be made in rubles, not dollars, and therefore will increase the ruble mass, in relation to the goods, and besides the dollar, which respectively reduce the real value of the ruble, rather than strengthen.Journalists of "Sheets" Alexander Petrachkova, Alexander Bekker, and assessed the situation: "Strengthening of the ruble could threaten the economy, particularly the real sector, says Vladimir Putin. Therefore, the Finance Ministry and Central Bank will have to simultaneously fight inflation and the strengthening of the course."It seems that the Ministry of Finance and Central Bank officials, who had taken too eager to fight inflation, at the request of the president, stepped on the toes of giants raw, but so painful that even Vladimir Putin undertook to support inflation."The president asked urgently to slow down the national currency," - print "News Time", "Putin instructed to slow down the ruble," - says Larisa Kaftan in "Komsomolskaya Pravda".The fact that the strengthening of the ruble, unprofitable commodity monopolies, and this president is concerned, Putin made no secret. The President said that he had met with representatives of large companies, "they still have a margin of safety", but the rapid appreciation of the ruble could create a problem for them. Their products become more expensive compared to imports, and lose the world competition. As the government is going to save the day? "And in production, what goods we compete if 70% of our exports of raw materials?"We must oppose the strengthening of the ruble by all available means!" - Selflessly and with joy, said the minister. And he was not pleased! After all this time, Kudrin said the only thing that did, in favor of large monopolies, which supplies the world market oil, gas, metals, wood, and so on. Well, now, he is also the president received support. So now the wait for a new rise in prices, as Kudrin will fight to the strengthening of the ruble with renewed vigor.There is no doubt that Putin is bent to the side of the raw material monopolies. So the only way to describe the President's statement he made at a meeting with Minister of Finance Kudrin. Six months ago, the President set the task to strengthen the ruble, reduced inflation, convertibility of the ruble, and now, under pressure from the owners of raw moguls, turns the entire policy in the opposite direction."How he found out after" contacts with the business' policy of strengthening the ruble could hurt the Russian economy .- According to the newspaper "Vedomosti". - And now to the Central Bank and the Government, in effect, put the triple objective: to prevent inflation, to keep the ruble and continued to increase government spending. With these introductory expect an interesting political season. If you do not resign, then the serious failures guaranteed: the task set by the president, not feasible.The situation will remain a stalemate, if not eliminate one of three objectives - subject to a two-input equation will be solved. ""To strengthen the ruble to the Russian authorities would be convenient to suppress inflation. But now, when the president ordered not to do it in front of the Ministry of Finance and Central Bank raises extremely difficult task - and not to strengthen the ruble and the rising prices to fight. - Asks blankly, "Izvestia". - So, go ahead inflation. "Under pressure from the interests of the monopolies of raw caved in not only the president but also the government, which has developed a three-year plan to reduce the revenue from the sale of hydrocarbons. For three years the share of production tax (MET) and export taxes in budget revenues will be reduced from 50% to 30%. "This, according to Kudrin, and there is a way to reduce dependence on budget prices. That's just the oil barons and their lobbyists in government, as apparently did not get scared of their dependence on oil revenues, oil pump and full swing and thank their benefactors.
Ivan Tevrizsky
"But Russia has so far simply do not have the financial and political will to change something.- Our Central Bank still pursuing a policy imposed by the IMF currencyboard - when the money in the country are issued under a flow of hard currency earnings of exporters, loans and foreign capital inflows. Central Bank did not emit rubles depending on the needs of the economy. Although we have the tools and reserves - more than $ 500 billion of gold reserves, more than 1 trillion - Stabilization Fund - indicates Vyazovsky Alex.It turns out that we will soon lose the advantages of the country can not be obliged to free trade. But it will not be able to resort to monetary measures of impacts that have not yet limited by international borders. And, as stated by "Izvestia" Maxim Medvedkov, monetary policy is not considered as an object of regulation by the WTO. "Hurry to devalue the ruble, screams Julia Mironova, while "monetary policy is not considered as an object of regulation by the WTO." And, apparently, want to shout - devalues the ruble on a major, because of the financial oligarchy and raw magnates emerged new spending.And this despite the fact that high inflation in Russia, and so reduces the value of the ruble and the oligarchy brings huge profits will drive people into poverty, that we do not observe the same in Japan, where a decade of deflation. But "bold" Julia Mironova says that we must continue to devalue the ruble and, accordingly, the labor force, so that the oligarchs have arrived, it's doing everything, "but Russia has so far simply do not have the financial and political will."Contemporary ArchiveWho prevents the strong ruble?Look through the press about the meeting with Vladimir Putin and Alexander Kudrin headache: what is it they say? Just do not understand. It seems that many journalists, describing the meeting, did not understand."Too strong ruble, according to the president, could undermine the competitiveness of national economy" - the newspaper "Kommersant".How could undermine the national economy strong ruble? A strong, I'm taking them used the expression, may cut earnings commodity monopolies, supplying hydrocarbons to world markets, not undermine, but rather to strengthen the position of producers in other industries. The Americans recently doing everything to strengthen the dollar, recognizing that the foundation of stable existence of American manufacturers. And here, it turns out, all the way around.On the vague statement from Putin, Kudrin still confused Bole says: "The main measures to prevent the building - is responsible Alexei Kudrin - it measures the government, but as soon as the government increases its spending by oil and gas revenues, it threatens to further strengthening. As part of the forecast, which we are prepared we will be able to hold the planned consolidation options. "Kudrin would stick to a single coordinate system, and no claim is absolutely contrary to the allegations. MPs and the people, he said that additional costs will cause inflation, and therefore they should be restricted and, in this case, the increase in costs for oil and gas revenues, according to the minister, there will be strengthening of the ruble. How will strengthen? After all expenses will be made in rubles, not dollars, and therefore will increase the ruble mass, in relation to the goods, and besides the dollar, which respectively reduce the real value of the ruble, rather than strengthen.Journalists of "Sheets" Alexander Petrachkova, Alexander Bekker, and assessed the situation: "Strengthening of the ruble could threaten the economy, particularly the real sector, says Vladimir Putin. Therefore, the Finance Ministry and Central Bank will have to simultaneously fight inflation and the strengthening of the course."It seems that the Ministry of Finance and Central Bank officials, who had taken too eager to fight inflation, at the request of the president, stepped on the toes of giants raw, but so painful that even Vladimir Putin undertook to support inflation."The president asked urgently to slow down the national currency," - print "News Time", "Putin instructed to slow down the ruble," - says Larisa Kaftan in "Komsomolskaya Pravda".The fact that the strengthening of the ruble, unprofitable commodity monopolies, and this president is concerned, Putin made no secret. The President said that he had met with representatives of large companies, "they still have a margin of safety", but the rapid appreciation of the ruble could create a problem for them. Their products become more expensive compared to imports, and lose the world competition. As the government is going to save the day? "And in production, what goods we compete if 70% of our exports of raw materials?"We must oppose the strengthening of the ruble by all available means!" - Selflessly and with joy, said the minister. And he was not pleased! After all this time, Kudrin said the only thing that did, in favor of large monopolies, which supplies the world market oil, gas, metals, wood, and so on. Well, now, he is also the president received support. So now the wait for a new rise in prices, as Kudrin will fight to the strengthening of the ruble with renewed vigor.There is no doubt that Putin is bent to the side of the raw material monopolies. So the only way to describe the President's statement he made at a meeting with Minister of Finance Kudrin. Six months ago, the President set the task to strengthen the ruble, reduced inflation, convertibility of the ruble, and now, under pressure from the owners of raw moguls, turns the entire policy in the opposite direction."How he found out after" contacts with the business' policy of strengthening the ruble could hurt the Russian economy .- According to the newspaper "Vedomosti". - And now to the Central Bank and the Government, in effect, put the triple objective: to prevent inflation, to keep the ruble and continued to increase government spending. With these introductory expect an interesting political season. If you do not resign, then the serious failures guaranteed: the task set by the president, not feasible.The situation will remain a stalemate, if not eliminate one of three objectives - subject to a two-input equation will be solved. ""To strengthen the ruble to the Russian authorities would be convenient to suppress inflation. But now, when the president ordered not to do it in front of the Ministry of Finance and Central Bank raises extremely difficult task - and not to strengthen the ruble and the rising prices to fight. - Asks blankly, "Izvestia". - So, go ahead inflation. "Under pressure from the interests of the monopolies of raw caved in not only the president but also the government, which has developed a three-year plan to reduce the revenue from the sale of hydrocarbons. For three years the share of production tax (MET) and export taxes in budget revenues will be reduced from 50% to 30%. "This, according to Kudrin, and there is a way to reduce dependence on budget prices. That's just the oil barons and their lobbyists in government, as apparently did not get scared of their dependence on oil revenues, oil pump and full swing and thank their benefactors.
Ivan Tevrizsky
Комментариев нет:
Отправить комментарий