The crisis in Cyprus. Normal robbery is much more effectiveNews Newsland: The crisis in Cyprus. Normal robbery is much more effective
In our country, there is no economic problem, because there is no economic processes. For some people (and some businesses) economic problems, of course. And they solve them as best. And the country as a whole, there is no economic processes, or economic issues. There are problems with European integration, but it is difficult to attribute to the economic problems. Rather, it is a political problem.No, and the Ukrainian economy, as a kind of total integrity. Call the decay of social relations and the expansion of primordial remnants of the Soviet economy "economic process" only, having, well, a very great sense of humor.And, here in Evrososoyuze, as we see, there are processes and problems. Moreover, considerable. And they are trying to solve is not very traditional (at first) for the European way. Frankly speaking, the revolutionary way they began to expropriate the expropriators. After all, there is little doubt that the owners got their money offshore is not quite legitimate, and quite unearned by
Although, by and large, the accumulated problems of the financial sector in Europe (and the West in general) is also hard to call its own economic problems, as the financial sector has long been divorced from the real economy. Moreover, the separated banking is no longer needed in the real economy for profit. It's difficult (to be competitive), risky (you can return and get it). But most importantly, it (profit) need a long time to wait for the money (loans) will not pass the entire chain before the sale of the goods. Much easier for the bank to make a profit with every click of the emission button. The closer to the button is a bank, the greater his profits. What is there an economy? What are the problems? Here is the Chinese economy really is, and do have economic problems. Although similar to that and they have all this will soon become a lot smaller.Risks of foreign jurisdictionsIt must be said that Cyprus was the largest offshore for the entire post-Soviet space, but today he is on the verge of default. And, given the fact that "our best people" rushed immediately divert their money from Cyprus, it defaults to this comes very soon. But even so, offshore moguls have already incurred in Cyprus very significant loss. But above all, it is necessary to say that we are more sympathetic to those who have lost their money in Cyprus than gloating about it. After all, not all the money in Cyprus - is necessarily money scams. There is money there and conditionally normal businessmen whose political risks are higher than you can afford. They hide it from racketeering and hostile takeovers."This - the expropriation of private property, even if partial, but expropriation. Cyprus then lost as a financial center, which it has hitherto been. Confidence of investors and the banks, and the state of Cyprus will be undermined for years: because the country is largely lived and lives through the provision of financial services "(RBC-daily).But more recently offshore considered a safe haven for money is not very clear origin story. Say, compared to Ukrainian banks, European banks - the same model of reliability. But now ... Cyprus bell - is, of course, not the first offshore bell, but it is very close and a loud bell. We can say that this is a bell on the door of Ukrainian (and Russian) offshore economy, which for the most part has Cypriot roots. But other offshore companies will inevitably be expropriated after Cyprus.You could even say that in general the whole offshore business (and this is purely Western business) to exist. At least, he departed this life in Europe. Expropriation offshore West will seek to close the hole quickly, the economy progryzennye global crisis. Then (after the default of Cyprus) as chief investor Russian and Ukrainian economies take any Cayman Islands.Although still in the early March, the Minister of Finance of Cyprus Michalis Sarris categorically denied the possibility of a tax on deposits, but is now said that the measure was "the least painful" of all that could be taken. The head of the Eurogroup Finance Minister Deysselblum Netherlands Jeroen (Jeroen Dijsselbloem), for his part, said that such a measure is exceptional but unique due to Cyprus, where the banking sector in terms of volume five times the GDP. (Lenta.ru)I must say that the banking system in Cyprus (the Greek part of the island) is really at times exceeds the national economy of the country. It is also closely linked to (not surprisingly) from collapsing Greek economy, which inevitably led to its huge volume of investments in Greek government bonds (the holders of which have lost half their value) and the bad debts of Greek companies.No less closely Cypriot banking system linked to Russia. And with Ukraine. It is known that Cyprus is the largest partner in terms of direct investment, which in fact is nothing more than a return of previously retired Russian and Ukrainian funds through Cypriot banks.Now offshore investors to the core outraged declared intent to expropriate the tenth part of their deposits. (According to preliminary estimates, the Ukrainian investors can lose up to two billion euros.) And we humanly understand the origins of their indignation. But they, for their part, as it should realize that the bankrupt, in fact, the republic is a choice between the official recognition of the state of virtual bankruptcy and suspended for some time due to delivery (not free, of course) help from the Eurogroup.In this case, you will recognize that this is still the best option out of the sorry state of the actual default. Sorry state because of depositors put still hoping to get interest on them, and for them not to pay extortionate taxes. However, the best way it can be called only in the event that this incident will come to an end.European values and European interestsBut if this sort of partial expropriation would be no point (or even ellipses), and then followed her all the same bankruptcy Cypriot banking system (and looks like it is on), then it is - just the beginning of a difficult road in the direction of the pen for the slaughter of all offshore (and maybe for all foreign) money.Otherwise it is difficult to explain why proper Eurogroup save Cyprus from bankruptcy, in which affected mainly investors from Russia and Ukraine? Well, a little more - British investors. Odd man out. The only explanation for that - Eurogroup need time to take full control of the banking system and to the bankruptcy of Cyprus on the basis of their own interests. Although, to be honest, we have to declare a default. If honestly to own the same laws and regulations. But from the situation has become clear that Europe comply with these rules is impossible. The rules are changing on the fly. Came a critical moment, when European values (values) and European interests to take a clear and open contradiction - something has to give. Hardly interests - most values.But still not the fact that Cyprus will actually receive the promised aid of the Eurogroup, after he fulfilled the conditions. Then Cyprus remains one the only way - out of the euro system, the conversion of deposits and accounts in national currency at the rate set by law. With all the consequences for the euro. Russia because 40% of its foreign exchange reserves to keep the euro. There is a reason nervous. How long endure euro began expropriation?Be asymmetrical response.Also hard to imagine that such sanctions occurred without any prior discussion with Vladimir Putin. Otherwise, expropriation could be estimated as brazen challenge to great power. What can be fraught not only with the release of the Russian squadron in the Mediterranean, but something worse. On the other hand, Putin called for the occasion an emergency meeting of the Government, which called the decision "unfair, unprofessional and dangerous." The most effective response to the expropriation of the European way - it would be dropping the euro. Lose at least part of foreign exchange reserves, given that this operation will also be losses. Well, let's see.Yet, at some point the interests Evroguppy, started offshore expropriation, as well as possible can be matched with the declared aims of the campaign, Vladimir Putin to return offshore money (and even Russian money) to Russia. And that's how things will react to continued expropriation of Russia - is seen. But if it starts in Russia panic dumping euros, converting it into any other currency, the euro is unlikely to stand. One thing is clear that after the abolition of offshore in Europe, will inevitably follow the elimination of financial paradise corners and throughout the rest of the globalized space. Up to the Cayman Islands.Although, Finance Minister Anton Siluanov told "Interfax" that the upcoming "shock therapy" may affect the policy of Moscow. Siluanov: "The actions of the Eurogroup on the introduction of the tax on deposits accepted without discussion with Russia, so we will further consider our participation in terms of the restructuring of the loan earlier."It is a renewal of the previously issued Nicosia loan of 2.5 billion euros by 2022, which Cyprus had to pay in 2016, as well as providing additional Cyprus five billion euros. Moscow, ostensibly, was ready to take this step, under certain conditions, among them - the disclosure of the beneficiaries in Russia.What it all might end, no one is not yet known. What is clear is that this risky process Eurogroup, will still be forced to go under the pressure of global crisis because of one issue to plug holes in the new global economy is becoming inadequate.Based on the information media, the main initiator of the plan to "save" Cyprus is Germany. Not because of the presence of a Russian investment in Cyprus this shop so abruptly slammed? Like, nothing to climb in another monastery with their investments. But it seems that they do not count all the consequences. Yes, and it is impossible to calculate everything. Time will tell.But the position of Ukrainian offshore barons even worse, because Ukraine has recently wisely removed all offshore, except Cyprus. That is folded as if all offshore eggs in one basket. This action is called "the law of deoffshorizatsii economy." But in Cyprus, according to the media, "the Ukrainian political and business elite to hide up to 80% of their capital." Well, where is this offshore scrambled economy in general?And the last. Even if you now change your mind in the Eurogroup (of Cyprus does not say) and will not expropriate tithe deposits - it is not able to restore confidence in Cyprus, in particular (and Europe in general), as she announced the expropriation of probability (and has entered blockade of accounts) will cause depositors to withdraw their money away at the first opportunity. That's why they have almost no opportunities, no meaning to regain back. And take account balances they also did not give. At least, some indefinitely.Maybe it's for the best - the end imposed on us for offshore business? After all, at that time we will be able to appear and the economy, and economic problems. And it shows that in Europe there is no piety in relation to private property. Is there of private property in its classical sense. While many of our more naive citizens continue to firmly believe in the myth of the sanctity of private property in the West as the cornerstone on which supposedly is a successful and efficient European economy. In fact, the usual rip-off more effectively.And the last. You can not dismiss the idea that the European Union over Cyprus is doing some experience, probing, based on which this experience can be fully extended to the rest of Europe. And then it is not a solution for Cyprus, and the entrance to the rest. Alexander Leontiev
Source: oko-planet.s
New idea KibalchishContemporary Archive 2005 (Origins of the crisis)Today, the Russian government can not do two things - withdrawal of funds from the country's economy and the transfer of funds abroad. How well the government is doing, can observe each. Russian international reserves exceeded the mark of $ 150 billion, is growing Stabilization Fund, an unprecedented rate multiplied by oligarchic capital, Moscow is surrounded by a ring of luxury villas bureaucratic, and in other countries, our officials and oligarchs bought up a lot of expensive real estate. Apparently, the government is acting very well. And nothing individual writers and opposition figures say the current government as incompetent, and ineffective. Very effective even if we take into account that the officials and did not promise, and probably not going to act in the interests of the people, various writers and opposition figures. Everything is natural, you just get rid of illusions.And so it was not a statement by the Minister of Finance Alexei Kudrin and the Chairman of the Accounts Chamber of Russia Sergey Stepashin on placing the Stabilization Fund in foreign securities. After all, the government evacuated through taxes, monopolies, and fiscal and monetary policies of the country's economy money can not disturb public officials, MPs and other officials involved in the partition of the pie, or wishing to participate in this division.Therefore, in the media and ignite debate about how to use the Stabilization Fund to send a budget surplus. It can not allow the government to discuss the issue indefinitely. Must be addressed. Only this explains the fact that the presidential administration and the government continues to work on a program of action for the fall, sterilization programs rolled out of the country's economic resources. But the State Duma, despite the fact that now sunbathing on the beaches of all kinds, with the consciousness of duty done, vigilantly monitor the state of the money. And the officials during their stay in the State Duma on vacation, not sawed the money without their participation, the vice-speaker of the lower house of Parliament and Secretary of the General Council of "United Russia", Vyacheslav Volodin (in general, an important man) explained to them that the "United Russia" intend to active participation in the distribution of additional federal revenues during the fall session.But, as shown, the reality, the officials were not going to wait for the return of the deputies from the holidays. Why do they need extra headache? They have already made the decision to place the Stabilization Fund in foreign securities. And maybe that's a statement of Vyacheslav Volodin has spurred them to the most rapid action.Having made this statement on July 22, Kudrin and Stepashin made clear not only deputies, but also to all who wanted to participate in a sharing of the Stabilization Fund, who is the boss. And not just the owner, and the owner, who does not tolerate opposition, no one asks, and no one explains nothing. Explanation as to Sergei Stepashin, that so many people do the country more like to ridicule.
Who would have told him that some Japanese businessmen spend their accumulated capital to charity and go to the monasteries. Maybe he expresses a wish to do so.But, as is typical for all the participants in these discussions, so this inability and the inability to go beyond the proposed issue. They continue to talk about the natural rent that does not exist in reality, these funds continue to call the "oil" money. "Among the Russian economists inflames conflict over how to divide the surplus" oil "state revenues" - says Konstantin Frumkin in the newspaper "Izvestia". Only by following this logic, our Russian economists have to recognize that in addition to "oil" money we still have, "aluminum", "iron", as steel magnates have no less than oil, and further, "diamond", "wooden "Income from the sale of the forest," military ", the sale of arms, of which the government modestly silent. Or even come up with the money in our writers and economists, if only to obscure the subject matter?The panelists continue to go from a given circle, arguing, invest that money in the economy or not to invest? Of course, you have to invest, and to invest in the manufacturing sector, the construction of new plants, the development of new technologies, in person. But, before you ask such a question, one should understand: where the money? As a result, the government and the oligarchs have profits, and whether the authority is interested in the development of the Russian economy?The explanations that we hear that these profits - is the result of increased oil prices on the world market, which is the natural rent, can meet unless the uninformed. Although, at first glance, all this seems legitimate. But is it really?But in reality they have not because of Russia's natural resources, although this is the basis, and because of tax incentives for suppliers of raw materials to the world market, by the state, because of low labor costs, due to higher degree of exploitation of the working people of Russia and not only in the oil industry, and in the whole field of production. It is all because of oil needed pipe, drilling, machinery, and a lot of that, for which, in turn, needs coal, metals, wood, and all that constant capital is its value in the final product. And accordingly, the lower the cost of labor, that is, wages, the cheaper one ton of oil for the entrepreneur, the more he will get profit from selling it on the international market.This is the only income that falls with the state in the Stabilization Fund and into the pockets of the oligarchs, is nothing more than the surplus value created by employees of different industries. Profits are not generated by the mines, deposits, land or capital, as such, but it allows the owners, that is, to our country, to be able to receive the share of surplus value. The state, in turn, he stifles the growth of real wages, and creates favorable conditions for the formation of super-profits.Today we can say that in the trading of raw materials in the international market, there is no resource rents, which do not exist, and the government annuity. State ownership of the territory, and thus the conditions of labor, which produces oil and other natural resources, where the state has the right to levy taxes, where it has been actively involved in the regulation of wages, and create opportunities for profits.In fact, today we should not raise the question of how to sterilize extracted resources, and how to stop the economy bled, how to stop the tyranny of bureaucrats on how to increase the share of wages in GDP employees how to create an enabling environment for small and medium businesses that will decide for themselves the development and investment for their businesses. And I'm sure that will solve a lot better and more efficiently than government officials and MPs. But as soon as are proposals to reduce the unified social tax, or other ideas, leading to a reduction in revenue center and the oligarchs, from government circles once heard a shout - not. It's suicide, as recently stated by First Deputy Prime Minister Alexander Zhukov, Russian representatives of "Business Russia", the proposal to reduce the unified social tax to 15 percent, even for small businesses.It turns out, according to our government, we are just in a vicious circle. On the one hand, we say that a lot of money and they need to be sterilized, to invest in foreign economies, and then claim that taxes can not be reduced, because there is no money in the budget. A public money, and the money received from the sale of raw materials, according to members of the government - it is different money. This is a game they invented. True, it's different for them, but in reality is the money of the people, and not the Minister Kudrin and German Gref, Russia's economy. But even if we accept their position that it is "oil" money, and that their investment in the Russian economy is death, then it does not hold water. Imagine that Volodya has a ton of oil, and George thousand dollars, and they decided to make an exchange. The exchange of George got a ton of oil, and Vladimir - a thousand dollars. But after the exchange offers Volodya George take it this thousand dollars, as it turns out, he does not need, and give him a piece of paper instead of the obligations to return this twenty thousand years. The result: George has a ton of oil and thousands of dollars, and Vladimir paper. Now try to guess: why Vladimir sell oil? And when you consider that oil is a non-renewable natural resource, and the dollar and the paper with the obligations can be made always in the right quantity, the behavior of Volodya generally incomprehensible sane person. So disastrous for the country is the work of the central government, which generally protects the interests of the big monopolies and strongly inhibits the growth of real wages and salaries of employees, prevents the development of small and medium businesses, which can be clearly seen and the way the government ordered the bulging of the economy with money, giving large part of the funds for the development of foreign economies. True, the government has to reassure MPs for the 2006 72 billion rubles for the formation of an investment fund, which will be, at the time, not more than 1.5 per cent of the rent received by the state, has increased spending obligations of the federal budget in 2005 to 382.7 billion rubles that will go to state, by and large, to compensation from inflation, but contributed to our patriotic education of nearly half a billion rubles, which will absorb 22 ministries and departments. Apparently, one must acknowledge that the economy is, they understood, and there is not much to fix a sense of patriotism among the people. The government has already spent 115 million rubles on our patriotic education, but, as the authors of this program, "patriotism is still not a fully unifying framework of society." That is, we have not fell out comprehensive love for our government. Apparently, the authors of this venture did not have enough money, so to achieve the desired result. And now for this purpose decided to allocate much more money to eliminate "certain shortcomings". It does not matter that patriotism, like all love, is an intimate feeling that may suffer interference. Our government, as experience shows, too, if taken for something, be sure to get results. And striking example - the government regarding the use of the Stabilization Fund. We decided to invest in foreign securities Stabilization Fund is in its entirety, as Kudrin said, and invested. It's not for the money they extracted from the economy to re-throw them in there.So that we, the citizens of the Russians, the other way but to be inflamed with love for power, no. So do not delay and start expressing your love right now. Flying aircraft - "thank you" tell the government steamer sails - "thank you" tell the government, train rides - "thank you" tell the government, becoming more expensive utilities, "thank you" tell the government, inflation eats salary - "thank you" tell the government cut back on work - "thank you" to the government. And do not forget the most important song to sing country.Vitaly GLUKHOVThe newspaper "New Planet"MondayAugust 29, 2005
In our country, there is no economic problem, because there is no economic processes. For some people (and some businesses) economic problems, of course. And they solve them as best. And the country as a whole, there is no economic processes, or economic issues. There are problems with European integration, but it is difficult to attribute to the economic problems. Rather, it is a political problem.No, and the Ukrainian economy, as a kind of total integrity. Call the decay of social relations and the expansion of primordial remnants of the Soviet economy "economic process" only, having, well, a very great sense of humor.And, here in Evrososoyuze, as we see, there are processes and problems. Moreover, considerable. And they are trying to solve is not very traditional (at first) for the European way. Frankly speaking, the revolutionary way they began to expropriate the expropriators. After all, there is little doubt that the owners got their money offshore is not quite legitimate, and quite unearned by
Although, by and large, the accumulated problems of the financial sector in Europe (and the West in general) is also hard to call its own economic problems, as the financial sector has long been divorced from the real economy. Moreover, the separated banking is no longer needed in the real economy for profit. It's difficult (to be competitive), risky (you can return and get it). But most importantly, it (profit) need a long time to wait for the money (loans) will not pass the entire chain before the sale of the goods. Much easier for the bank to make a profit with every click of the emission button. The closer to the button is a bank, the greater his profits. What is there an economy? What are the problems? Here is the Chinese economy really is, and do have economic problems. Although similar to that and they have all this will soon become a lot smaller.Risks of foreign jurisdictionsIt must be said that Cyprus was the largest offshore for the entire post-Soviet space, but today he is on the verge of default. And, given the fact that "our best people" rushed immediately divert their money from Cyprus, it defaults to this comes very soon. But even so, offshore moguls have already incurred in Cyprus very significant loss. But above all, it is necessary to say that we are more sympathetic to those who have lost their money in Cyprus than gloating about it. After all, not all the money in Cyprus - is necessarily money scams. There is money there and conditionally normal businessmen whose political risks are higher than you can afford. They hide it from racketeering and hostile takeovers."This - the expropriation of private property, even if partial, but expropriation. Cyprus then lost as a financial center, which it has hitherto been. Confidence of investors and the banks, and the state of Cyprus will be undermined for years: because the country is largely lived and lives through the provision of financial services "(RBC-daily).But more recently offshore considered a safe haven for money is not very clear origin story. Say, compared to Ukrainian banks, European banks - the same model of reliability. But now ... Cyprus bell - is, of course, not the first offshore bell, but it is very close and a loud bell. We can say that this is a bell on the door of Ukrainian (and Russian) offshore economy, which for the most part has Cypriot roots. But other offshore companies will inevitably be expropriated after Cyprus.You could even say that in general the whole offshore business (and this is purely Western business) to exist. At least, he departed this life in Europe. Expropriation offshore West will seek to close the hole quickly, the economy progryzennye global crisis. Then (after the default of Cyprus) as chief investor Russian and Ukrainian economies take any Cayman Islands.Although still in the early March, the Minister of Finance of Cyprus Michalis Sarris categorically denied the possibility of a tax on deposits, but is now said that the measure was "the least painful" of all that could be taken. The head of the Eurogroup Finance Minister Deysselblum Netherlands Jeroen (Jeroen Dijsselbloem), for his part, said that such a measure is exceptional but unique due to Cyprus, where the banking sector in terms of volume five times the GDP. (Lenta.ru)I must say that the banking system in Cyprus (the Greek part of the island) is really at times exceeds the national economy of the country. It is also closely linked to (not surprisingly) from collapsing Greek economy, which inevitably led to its huge volume of investments in Greek government bonds (the holders of which have lost half their value) and the bad debts of Greek companies.No less closely Cypriot banking system linked to Russia. And with Ukraine. It is known that Cyprus is the largest partner in terms of direct investment, which in fact is nothing more than a return of previously retired Russian and Ukrainian funds through Cypriot banks.Now offshore investors to the core outraged declared intent to expropriate the tenth part of their deposits. (According to preliminary estimates, the Ukrainian investors can lose up to two billion euros.) And we humanly understand the origins of their indignation. But they, for their part, as it should realize that the bankrupt, in fact, the republic is a choice between the official recognition of the state of virtual bankruptcy and suspended for some time due to delivery (not free, of course) help from the Eurogroup.In this case, you will recognize that this is still the best option out of the sorry state of the actual default. Sorry state because of depositors put still hoping to get interest on them, and for them not to pay extortionate taxes. However, the best way it can be called only in the event that this incident will come to an end.European values and European interestsBut if this sort of partial expropriation would be no point (or even ellipses), and then followed her all the same bankruptcy Cypriot banking system (and looks like it is on), then it is - just the beginning of a difficult road in the direction of the pen for the slaughter of all offshore (and maybe for all foreign) money.Otherwise it is difficult to explain why proper Eurogroup save Cyprus from bankruptcy, in which affected mainly investors from Russia and Ukraine? Well, a little more - British investors. Odd man out. The only explanation for that - Eurogroup need time to take full control of the banking system and to the bankruptcy of Cyprus on the basis of their own interests. Although, to be honest, we have to declare a default. If honestly to own the same laws and regulations. But from the situation has become clear that Europe comply with these rules is impossible. The rules are changing on the fly. Came a critical moment, when European values (values) and European interests to take a clear and open contradiction - something has to give. Hardly interests - most values.But still not the fact that Cyprus will actually receive the promised aid of the Eurogroup, after he fulfilled the conditions. Then Cyprus remains one the only way - out of the euro system, the conversion of deposits and accounts in national currency at the rate set by law. With all the consequences for the euro. Russia because 40% of its foreign exchange reserves to keep the euro. There is a reason nervous. How long endure euro began expropriation?Be asymmetrical response.Also hard to imagine that such sanctions occurred without any prior discussion with Vladimir Putin. Otherwise, expropriation could be estimated as brazen challenge to great power. What can be fraught not only with the release of the Russian squadron in the Mediterranean, but something worse. On the other hand, Putin called for the occasion an emergency meeting of the Government, which called the decision "unfair, unprofessional and dangerous." The most effective response to the expropriation of the European way - it would be dropping the euro. Lose at least part of foreign exchange reserves, given that this operation will also be losses. Well, let's see.Yet, at some point the interests Evroguppy, started offshore expropriation, as well as possible can be matched with the declared aims of the campaign, Vladimir Putin to return offshore money (and even Russian money) to Russia. And that's how things will react to continued expropriation of Russia - is seen. But if it starts in Russia panic dumping euros, converting it into any other currency, the euro is unlikely to stand. One thing is clear that after the abolition of offshore in Europe, will inevitably follow the elimination of financial paradise corners and throughout the rest of the globalized space. Up to the Cayman Islands.Although, Finance Minister Anton Siluanov told "Interfax" that the upcoming "shock therapy" may affect the policy of Moscow. Siluanov: "The actions of the Eurogroup on the introduction of the tax on deposits accepted without discussion with Russia, so we will further consider our participation in terms of the restructuring of the loan earlier."It is a renewal of the previously issued Nicosia loan of 2.5 billion euros by 2022, which Cyprus had to pay in 2016, as well as providing additional Cyprus five billion euros. Moscow, ostensibly, was ready to take this step, under certain conditions, among them - the disclosure of the beneficiaries in Russia.What it all might end, no one is not yet known. What is clear is that this risky process Eurogroup, will still be forced to go under the pressure of global crisis because of one issue to plug holes in the new global economy is becoming inadequate.Based on the information media, the main initiator of the plan to "save" Cyprus is Germany. Not because of the presence of a Russian investment in Cyprus this shop so abruptly slammed? Like, nothing to climb in another monastery with their investments. But it seems that they do not count all the consequences. Yes, and it is impossible to calculate everything. Time will tell.But the position of Ukrainian offshore barons even worse, because Ukraine has recently wisely removed all offshore, except Cyprus. That is folded as if all offshore eggs in one basket. This action is called "the law of deoffshorizatsii economy." But in Cyprus, according to the media, "the Ukrainian political and business elite to hide up to 80% of their capital." Well, where is this offshore scrambled economy in general?And the last. Even if you now change your mind in the Eurogroup (of Cyprus does not say) and will not expropriate tithe deposits - it is not able to restore confidence in Cyprus, in particular (and Europe in general), as she announced the expropriation of probability (and has entered blockade of accounts) will cause depositors to withdraw their money away at the first opportunity. That's why they have almost no opportunities, no meaning to regain back. And take account balances they also did not give. At least, some indefinitely.Maybe it's for the best - the end imposed on us for offshore business? After all, at that time we will be able to appear and the economy, and economic problems. And it shows that in Europe there is no piety in relation to private property. Is there of private property in its classical sense. While many of our more naive citizens continue to firmly believe in the myth of the sanctity of private property in the West as the cornerstone on which supposedly is a successful and efficient European economy. In fact, the usual rip-off more effectively.And the last. You can not dismiss the idea that the European Union over Cyprus is doing some experience, probing, based on which this experience can be fully extended to the rest of Europe. And then it is not a solution for Cyprus, and the entrance to the rest. Alexander Leontiev
Source: oko-planet.s
New idea KibalchishContemporary Archive 2005 (Origins of the crisis)Today, the Russian government can not do two things - withdrawal of funds from the country's economy and the transfer of funds abroad. How well the government is doing, can observe each. Russian international reserves exceeded the mark of $ 150 billion, is growing Stabilization Fund, an unprecedented rate multiplied by oligarchic capital, Moscow is surrounded by a ring of luxury villas bureaucratic, and in other countries, our officials and oligarchs bought up a lot of expensive real estate. Apparently, the government is acting very well. And nothing individual writers and opposition figures say the current government as incompetent, and ineffective. Very effective even if we take into account that the officials and did not promise, and probably not going to act in the interests of the people, various writers and opposition figures. Everything is natural, you just get rid of illusions.And so it was not a statement by the Minister of Finance Alexei Kudrin and the Chairman of the Accounts Chamber of Russia Sergey Stepashin on placing the Stabilization Fund in foreign securities. After all, the government evacuated through taxes, monopolies, and fiscal and monetary policies of the country's economy money can not disturb public officials, MPs and other officials involved in the partition of the pie, or wishing to participate in this division.Therefore, in the media and ignite debate about how to use the Stabilization Fund to send a budget surplus. It can not allow the government to discuss the issue indefinitely. Must be addressed. Only this explains the fact that the presidential administration and the government continues to work on a program of action for the fall, sterilization programs rolled out of the country's economic resources. But the State Duma, despite the fact that now sunbathing on the beaches of all kinds, with the consciousness of duty done, vigilantly monitor the state of the money. And the officials during their stay in the State Duma on vacation, not sawed the money without their participation, the vice-speaker of the lower house of Parliament and Secretary of the General Council of "United Russia", Vyacheslav Volodin (in general, an important man) explained to them that the "United Russia" intend to active participation in the distribution of additional federal revenues during the fall session.But, as shown, the reality, the officials were not going to wait for the return of the deputies from the holidays. Why do they need extra headache? They have already made the decision to place the Stabilization Fund in foreign securities. And maybe that's a statement of Vyacheslav Volodin has spurred them to the most rapid action.Having made this statement on July 22, Kudrin and Stepashin made clear not only deputies, but also to all who wanted to participate in a sharing of the Stabilization Fund, who is the boss. And not just the owner, and the owner, who does not tolerate opposition, no one asks, and no one explains nothing. Explanation as to Sergei Stepashin, that so many people do the country more like to ridicule.
Who would have told him that some Japanese businessmen spend their accumulated capital to charity and go to the monasteries. Maybe he expresses a wish to do so.But, as is typical for all the participants in these discussions, so this inability and the inability to go beyond the proposed issue. They continue to talk about the natural rent that does not exist in reality, these funds continue to call the "oil" money. "Among the Russian economists inflames conflict over how to divide the surplus" oil "state revenues" - says Konstantin Frumkin in the newspaper "Izvestia". Only by following this logic, our Russian economists have to recognize that in addition to "oil" money we still have, "aluminum", "iron", as steel magnates have no less than oil, and further, "diamond", "wooden "Income from the sale of the forest," military ", the sale of arms, of which the government modestly silent. Or even come up with the money in our writers and economists, if only to obscure the subject matter?The panelists continue to go from a given circle, arguing, invest that money in the economy or not to invest? Of course, you have to invest, and to invest in the manufacturing sector, the construction of new plants, the development of new technologies, in person. But, before you ask such a question, one should understand: where the money? As a result, the government and the oligarchs have profits, and whether the authority is interested in the development of the Russian economy?The explanations that we hear that these profits - is the result of increased oil prices on the world market, which is the natural rent, can meet unless the uninformed. Although, at first glance, all this seems legitimate. But is it really?But in reality they have not because of Russia's natural resources, although this is the basis, and because of tax incentives for suppliers of raw materials to the world market, by the state, because of low labor costs, due to higher degree of exploitation of the working people of Russia and not only in the oil industry, and in the whole field of production. It is all because of oil needed pipe, drilling, machinery, and a lot of that, for which, in turn, needs coal, metals, wood, and all that constant capital is its value in the final product. And accordingly, the lower the cost of labor, that is, wages, the cheaper one ton of oil for the entrepreneur, the more he will get profit from selling it on the international market.This is the only income that falls with the state in the Stabilization Fund and into the pockets of the oligarchs, is nothing more than the surplus value created by employees of different industries. Profits are not generated by the mines, deposits, land or capital, as such, but it allows the owners, that is, to our country, to be able to receive the share of surplus value. The state, in turn, he stifles the growth of real wages, and creates favorable conditions for the formation of super-profits.Today we can say that in the trading of raw materials in the international market, there is no resource rents, which do not exist, and the government annuity. State ownership of the territory, and thus the conditions of labor, which produces oil and other natural resources, where the state has the right to levy taxes, where it has been actively involved in the regulation of wages, and create opportunities for profits.In fact, today we should not raise the question of how to sterilize extracted resources, and how to stop the economy bled, how to stop the tyranny of bureaucrats on how to increase the share of wages in GDP employees how to create an enabling environment for small and medium businesses that will decide for themselves the development and investment for their businesses. And I'm sure that will solve a lot better and more efficiently than government officials and MPs. But as soon as are proposals to reduce the unified social tax, or other ideas, leading to a reduction in revenue center and the oligarchs, from government circles once heard a shout - not. It's suicide, as recently stated by First Deputy Prime Minister Alexander Zhukov, Russian representatives of "Business Russia", the proposal to reduce the unified social tax to 15 percent, even for small businesses.It turns out, according to our government, we are just in a vicious circle. On the one hand, we say that a lot of money and they need to be sterilized, to invest in foreign economies, and then claim that taxes can not be reduced, because there is no money in the budget. A public money, and the money received from the sale of raw materials, according to members of the government - it is different money. This is a game they invented. True, it's different for them, but in reality is the money of the people, and not the Minister Kudrin and German Gref, Russia's economy. But even if we accept their position that it is "oil" money, and that their investment in the Russian economy is death, then it does not hold water. Imagine that Volodya has a ton of oil, and George thousand dollars, and they decided to make an exchange. The exchange of George got a ton of oil, and Vladimir - a thousand dollars. But after the exchange offers Volodya George take it this thousand dollars, as it turns out, he does not need, and give him a piece of paper instead of the obligations to return this twenty thousand years. The result: George has a ton of oil and thousands of dollars, and Vladimir paper. Now try to guess: why Vladimir sell oil? And when you consider that oil is a non-renewable natural resource, and the dollar and the paper with the obligations can be made always in the right quantity, the behavior of Volodya generally incomprehensible sane person. So disastrous for the country is the work of the central government, which generally protects the interests of the big monopolies and strongly inhibits the growth of real wages and salaries of employees, prevents the development of small and medium businesses, which can be clearly seen and the way the government ordered the bulging of the economy with money, giving large part of the funds for the development of foreign economies. True, the government has to reassure MPs for the 2006 72 billion rubles for the formation of an investment fund, which will be, at the time, not more than 1.5 per cent of the rent received by the state, has increased spending obligations of the federal budget in 2005 to 382.7 billion rubles that will go to state, by and large, to compensation from inflation, but contributed to our patriotic education of nearly half a billion rubles, which will absorb 22 ministries and departments. Apparently, one must acknowledge that the economy is, they understood, and there is not much to fix a sense of patriotism among the people. The government has already spent 115 million rubles on our patriotic education, but, as the authors of this program, "patriotism is still not a fully unifying framework of society." That is, we have not fell out comprehensive love for our government. Apparently, the authors of this venture did not have enough money, so to achieve the desired result. And now for this purpose decided to allocate much more money to eliminate "certain shortcomings". It does not matter that patriotism, like all love, is an intimate feeling that may suffer interference. Our government, as experience shows, too, if taken for something, be sure to get results. And striking example - the government regarding the use of the Stabilization Fund. We decided to invest in foreign securities Stabilization Fund is in its entirety, as Kudrin said, and invested. It's not for the money they extracted from the economy to re-throw them in there.So that we, the citizens of the Russians, the other way but to be inflamed with love for power, no. So do not delay and start expressing your love right now. Flying aircraft - "thank you" tell the government steamer sails - "thank you" tell the government, train rides - "thank you" tell the government, becoming more expensive utilities, "thank you" tell the government, inflation eats salary - "thank you" tell the government cut back on work - "thank you" to the government. And do not forget the most important song to sing country.Vitaly GLUKHOVThe newspaper "New Planet"MondayAugust 29, 2005
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