16.4.16

Russia still going strong despite its neo-liberal Central Bankers

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Russia has ample space to grow in the coming years, given that significant sections of the population...70-80% live in middle income levels that are found in developing countries, and there is a strong desire for these people to strive for a better quality of life, equivalent to that of Sweden and Northern Europe generally.

Russians deserve no less than them.

The only thing holding these 70-80% back is the neo-liberal policy makers within the Russian government, who follow economic policies favored by the Chicago school of economics and Professor Milton Friedman. If the Russian patriots have courage and vision, like Deng Xiaoping the pragmatist in China, then eventually INDEPENDENT ECONOMIC PLANNERS in Russia can devise plans for stronger economic growth in the country.

Russia can easily become a $7.5 trillion PPP GDP economy if its leaders stopped looking to the West for its moral, spiritual and financial guidance.

90% of the Jews have left Russia for the West and Israel. The catastrophic economic sabotage and disasters of 1917--1921 and 1991-2000.....guided by NY and London can no longer be blamed on the Jew, CURRENTLY. There are no more EXCUSES left, but to implement the right economic policies that bolster the Russian economic growth.

No more excuses that state that large parts of Russia still don't enjoy living standards that existed in the Soviet Union in 1990. 

No more excuses for having a small middle class of 15%, equivalent to that of a third world country.

No more excuses for the capital flight of $130 billion from the Russian economy every year.

No more excuses which state that only the Moscow hinterland must be developed, and fuck the rest of the country.

No more excuses that state that corrupt politicians and administrations outside of Moscow must be tolerated for the sake of peace, stability and national unity.

From a strong independent economy will come a strong country.

Strong security.

Да здравствует Россия

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Russia Still World's Sixth Largest Economy

Counting by real economic output, Russia has retained its position as one of the world's largest economies


This article was first published by Awara

Fresh data from the IMF (International Monetary Fund) shows that Russia has retained its place among the World’s largest economies. In the 2015 ranking, it is now slightly behind Germany just as in the previous year.
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China has drawn further ahead from the USA solidifying its lead as the world’s number one economy with 19.5 trillion (in dollar terms). The USA is behind with as much as 1.5 trillion, the size of the economy of Canada.
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India is one of the largest economies that grew the most and reached the size of 8 trillion last year. After India comes Japan with 4.8tn, then Germany, 3.8tn, and Russia 3.5tn. (Traditionally, the World Bank data awards Russia a significantly higher GDP than what the IMF figures does, but the World Bank data for 2015 is not out yet).

Notwithstanding the above, somebody might want to lead you astray and claim that Russia’s economy is only the 13th biggest at a size of 1.2 trillion. Here’s the catch, the first set of figures is based on the purchasing power parity (PPP) whereas the second awarding Russia’s economy the far lesser size is based on a calculation by the nominal current USD/RUB exchange rate. The Russia bashers will surely want to refer to the latter.
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The comparison of the size of the economies across the world on the nominal GDP currency rate is utterly wrong as it only reflects shortsighted speculative differences in the exchange rates. The PPP-method on the contrary determines the size based on the real output of a country. Basically, the method is to compare how much a U.S. dollar fetches in different countries, and then to adjust the nominal GDP with the coefficient thus derived. (As the USD, is the currency of comparison, the nominal GDP and the PPP GDP are by definition always the same for the USA).
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For example, you can compare the purchasing power by comparing how much bread or meat you can buy for 10 dollars in the various countries. After the sharp devaluation of the ruble, you got 50 to 60 percent less dollars for your rubles.

Correspondingly, the nominal value of the Russian GDP was down as much when expressed in dollars. However, you still get almost as much bread and meat for the rubles (here almost refers to the inflation, which was much less than the currency devaluation). The size of the economy must of course be expressed as its real output and not according to the fluctuating nominal exchange rate.
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Let’s take a more compelling PPP-comparison. With the lower ruble, Russia still produces for the same ruble price (and half the dollar) the same Sukhoi fighter jets, T-90 or Armata tanks, Superjet airplanes, nuclear power plants, personal cars, bridges, houses etc.
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We could also look at the question the other way around. Hardly, anybody would venture to claim that the Russian economy grew 20% from January to April as the Russian ruble again strengthened against the dollar from 82 to 66 rubles to the dollar.
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For reference here is the chart showing the nominal GDPs for the World’s largest economies in nominal current currency exchange rates.