Putin is Back


Let’s just remind ourselves what we’re dealing with here.

Here’s what Putin observed last August:

America are living beyond their means and shifting a part of the weight of their problems to the world economy. They are living like parasites off the global economy and their monopoly of the dollar. If [in America] there is a systemic malfunction, this will affect everyone. Countries like Russia and China hold a significant part of their reserves in American securities. There should be other reserve currencies.

It should be no surprise to anybody, then, that the last Russian government — as well as their autocratic ASEAN friends in China, Pakistan, Iran and so on — began taking proactive measures to extricate itself from the dollar system.

I expect the new government to accelerate such measures.

11 thoughts on “Putin is Back

  1. I see the FSB have been altering Putin’s Wikipedia page:

    Putin has brought peace and progress to Russia, ending the crisis of 1990s. He restored the territorial integrity of Russia and established a strong “power vertical”. During his presidency, the Russian economy grew for nine straight years, seeing GDP increase by 72% in PPP (sixfold in nominal), poverty decrease by more than 50%, and average monthly salaries increase from $80 to $640. These impressive achievements were ascribed by analysts to strong macroeconomic management, important fiscal policy reforms and a confluence of high oil prices, surging capital inflows and access to low-cost external financing.

    During his presidency, Putin passed into law a flat income tax of 13%, a reduced profits tax, and new land and legal codes. His energy policy has affirmed Russia’s position as an energy superpower. Major infrustructure projects which he endorsed have included the construction of several major export pipelines, including ESPO and Nord Stream, and the resoration of the nuclear industry in the country.

  2. Sorry John, I don’t agree thomaz jefferson
    sums up my thoughts exactly. May I add, that as a keen proponent of body language study, those tears were real. And don’t tell me it was KGB pepper spray. Russians see tears as weakness. His tears were from an honest man overjoyed with happiness.

    • I’m not accusing him of anything other than wanting to break out of the dollar system.

      If I was him, I’d do the same thing.

      Certainly, the election was no more rigged than Bush vs Gore.

      • Putin is not stupid. And if I am aware that social media and cameras can ruin a career, why would he encourage vote rigging.

        Suppose I want to undermine the Government. I use my power and influence to pay key leaders to rally protesters. We film some vote stuffing, we put on the net, we suck in gullible people.

        It works both ways.

        On my world travels I have made key contacts who I trust and respect for their intelligence. I contact them for on the ground information.

        The natives in Russia are happy. That is what counts. Russias Sheeple equivalent have never had a better life. If Russian dissidents are not happy then they can move to the USA, learn English and go head to head with Mitt Romney.

        • Russian fundamentals have done much, much better under Putin than they did under Yeltsin, or Gorbachev, or probably any of the Soviet leaders.

          Certainly, I do not mean to demean or badmouth Putin. You will not find any of the obligatory Western Putin-bashing here. Certainly, Russian democracy is not perfect, but we should put our own house in order before throwing stones at other countries.

    • I am ambivalent about the Wikipedia quote I posted.

      I am on the side of liberty, not of any leader or political regime.

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