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innocentbee
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August 09, 2016, 03:20:48 AM
 #1

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
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August 09, 2016, 02:12:11 PM
 #2

When Vladimir Putin became President, Russia was effectively bankrupt as it owed more money to the International Monetary Fund (IMF) than it had in foreign currency reserves. Since then, Russia has achieved a virtual macroeconomic revolution to the point where it is one of the largest creditors of U.S. debt in the world. Its nominal dollar GDP has increased by more than a factor of six, and has the potential to reach more than $2 trillion by 2010. Russia would become the largest economy in Europe and the fifth largest in the world following the United States, China, Japan, and India by 2020 if goals would have been achieved.......
Its not somsthing to be afriad offf ....if russia is progressing that means the world is progressing
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August 09, 2016, 03:10:25 PM
 #3

Russia was always the economic power on the world stage no matter all the problems and crisis she has. And it will be very importan financial and economic player in the future too. But the cold war is over long time ago and Russia shouldn't be considered as enemy anymore.

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ImHavingAGreatTime
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August 09, 2016, 05:12:51 PM
 #4

It's good for Russia to have an overall economic growth, but their attempts to ban/restrict Bitcoin use are completely detrimental to it. Hopefully, they will give up on that soon enough.
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August 09, 2016, 07:43:06 PM
 #5

Indeed Russia has made significant economic progress. Under Putin, the country made a harsh transition from its socialist era to a modern economy. Compared to most other countries, Russia is resource rich, with many unexplored and unexploited assets still lying dormant below the extensive landscape. Therefore it has significant potential for further growth both in terms of economy and in population (which go hand in hand).

I would say that in terms of remaining development potential, Russia is greatly exceeding the US and China. The latter countries have much higher population densities and have already exploited most of their resources.

ya.ya.yo!
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August 09, 2016, 10:46:39 PM
 #6

What progress? What rise? I'll believe in Russia when I'll see a russian product I'd like to buy, but I've never seen a single one in my whole life.
Think about it. Can you name something russian-made that a westerner would be happy to own?

If you're looking for a trading/lending place,
better avoid Poloniex, as it socializes losses.
Learn more about it on this topic.
OROBTC
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August 09, 2016, 11:38:39 PM
 #7

What progress? What rise? I'll believe in Russia when I'll see a russian product I'd like to buy, but I've never seen a single one in my whole life.
Think about it. Can you name something russian-made that a westerner would be happy to own?


An AK-47, cheap, idiot-proof and super-reliable.   Smiley   You asked...

*   *   *

But, seriously, there are indeed FEW Russian made manufactured products that consumers would want.

If anyone believes that Russia is a seriously rising power (and it could be, many resources as mentioned above, and a low national debt), then perhaps a way to "play Russia" (make money) would be to go to eBay and/or Heritage Auctions and buy the below scarce Russian coins (as well as any other top quality Russian antiques or works of art that future Oligarchs might want):

Russian 3 Rouble Platinum coins (1828 - 1845).  
Russian 6 Rouble Platinum coins (same years, VERY rare, VERY expensive)
Russian 12 Rouble Platinum coins (EXTREMELY rare & expensive)

At eBay search: Russia, 3 rouble, platinum  The higher the grade (condition) of coin the better.  An example:

http://www.ebay.com/itm/Russia-Platinum-coin-3-Rouble-NGC-AU-55-1838-Rare-/232026549209?hash=item3605dc2bd9:g:uT0AAOSwEeFU2RUn

Also gold coins, high-quality antiques, etc.

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August 10, 2016, 02:19:01 AM
 #8

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.
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August 10, 2016, 11:19:49 AM
 #9

Russia, nonetheless, seems to have weathered the emergency generally well. As upon the research of dissertation writing service I can say that Genuine GDP expanded by the most elevated rate subsequent to the fall of the Soviet Union, the ruble balanced out, swelling was moderate, and speculation started to increment once more. Russia is gaining ground in meeting its outside obligations commitments.
jhenfelipe
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August 10, 2016, 12:55:41 PM
 #10

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.
Maybe it's just that, people can't feel the growth individually because it's as a whole, country's growth. If they are saving their money, I think they have their reason/plan in spending it. We can't jump into any conclusion for that since we don't have any idea of their plans. What's good is that Russia is having an economic growth this year.


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HeroCat
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August 10, 2016, 01:23:25 PM
 #11

Russia is only 15th largest economy now, see here https://en.wikipedia.org/wiki/Russia#Economy, and have also EU sanctions. Plus country have low salaries, just think - what is the minimum salary in Russia and USA.  Wink
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August 10, 2016, 08:02:26 PM
 #12

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation

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igorokavg13
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August 10, 2016, 09:44:26 PM
 #13

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.
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August 10, 2016, 09:50:43 PM
 #14

   Russia has enormous deposits of natural resources, including oil and natural gas. It is a major energy exporter, and potentially contains 20 percent of the world's natural resources. That's why they are rising, they find a good way to exploit al that and make big profit.
   On top of that, Siberia is not fully explored yet, who knows what they have there. As long as they control all that, they will have big market. A lot of people talking about Russia economy rise under their president Putin, and we can say that before him Russia was devastated from inside. He bring back some order in their state, and under Putin they started their way up.
deisik
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August 10, 2016, 09:59:28 PM
 #15

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.

I live here, lol. So I don't need any sources, and you don't need to tell tales, "savsem"


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igorokavg13
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August 10, 2016, 10:08:30 PM
 #16

Russia is only 15th largest economy now, see here https://en.wikipedia.org/wiki/Russia#Economy, and have also EU sanctions. Plus country have low salaries, just think - what is the minimum salary in Russia and USA.  Wink
When you read the statistics about all the bad things in Russia. Are you surprised by the fact that in Russia, for many years there is no strikes or riots ?! Is that the Russian people lives quietly, not to say that the Russian people well? Wink You just do not know any of the current state of affairs in Russia. Just do not know and do not understand the Russian people, and never will understand. Smiley
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August 10, 2016, 10:17:50 PM
 #17

   Russia has enormous deposits of natural resources, including oil and natural gas. It is a major energy exporter, and potentially contains 20 percent of the world's natural resources. That's why they are rising, they find a good way to exploit al that and make big profit.
   On top of that, Siberia is not fully explored yet, who knows what they have there. As long as they control all that, they will have big market. A lot of people talking about Russia economy rise under their president Putin, and we can say that before him Russia was devastated from inside. He bring back some order in their state, and under Putin they started their way up.
Correctly. At least at this point in time, the best that can be in Russia. But everyone understands. With no need to stop there, and Russia, have to go forward.
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August 10, 2016, 10:29:20 PM
 #18

I have a Russian friend and according to her economy of Russia is not rising due to political situation. The government may have money to run the country but they are not spending much lately, not sure what or why they are saving but if they don't spend or invest on infrastructure their economy will continue to go down.

The rise of the Russian economy in 2000s was primarily due to high oil prices. Now that the prices are only half as much as they were just a few years ago (even less than that), the economy is stagnating at best. Sanctions imposed also made a significant "contribution" to this...

The latter is probably the only reason to connect this stagnation with political situation
am interested in one question, from what sources, you have information about that in Russia, all is not well with the economy? As far as I know, Russia is quite a good feeling. The fact that the Russian people, stop wasting too much money and even more so do not spend money abroad. This is quite the right decision. The level of life in Russia, at this point in time, it is self-sufficient. If we talk about the price of oil. So in this issue, I can contact you in some ways agree. Russia, savsem need to cut off the supply of oil and gas abroad.

I live here, lol. So I don't need any sources, and you don't need to tell tales, "savsem"


Thanks for the correction. Nevertheless, we are with you, we live in different countries. Either we look at things differently. Personally, I am satisfied with everything in Russia. And if I do that that is not enough, I myself can always change everything. If only criticize and neither do any of that. Life will never change.
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August 10, 2016, 10:46:57 PM
 #19

What progress? What rise? I'll believe in Russia when I'll see a russian product I'd like to buy, but I've never seen a single one in my whole life.
Think about it. Can you name something russian-made that a westerner would be happy to own?


An AK-47, cheap, idiot-proof and super-reliable.   Smiley   You asked...

*   *   *

But, seriously, there are indeed FEW Russian made manufactured products that consumers would want.

If anyone believes that Russia is a seriously rising power (and it could be, many resources as mentioned above, and a low national debt), then perhaps a way to "play Russia" (make money) would be to go to eBay and/or Heritage Auctions and buy the below scarce Russian coins (as well as any other top quality Russian antiques or works of art that future Oligarchs might want):

Russian 3 Rouble Platinum coins (1828 - 1845).  
Russian 6 Rouble Platinum coins (same years, VERY rare, VERY expensive)
Russian 12 Rouble Platinum coins (EXTREMELY rare & expensive)

At eBay search: Russia, 3 rouble, platinum  The higher the grade (condition) of coin the better.  An example:

http://www.ebay.com/itm/Russia-Platinum-coin-3-Rouble-NGC-AU-55-1838-Rare-/232026549209?hash=item3605dc2bd9:g:uT0AAOSwEeFU2RUn

Also gold coins, high-quality antiques, etc.



An AK-47? I don't want one. It's low-tech, short-range and totally outdated. Only poor Africans are still buying some nowadays, and maybe not for long as there are chinese AK-47 look-alike which are cheaper.

Old coins? Well, that's only of interest to collectors, and I was asking about some Russian good which is being produced now, not some 200 years ago.

If you're looking for a trading/lending place,
better avoid Poloniex, as it socializes losses.
Learn more about it on this topic.
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August 10, 2016, 11:41:23 PM
 #20

I really hope that Russia will reach that status of 5th biggest economy in the world. Maybe then dollar and euro will stop to cost so much for us. And not only that. Many things changed when Putin became president. I think it is the brightest moment in our history. Of course many of people do not like his politic, but as well I know some foreigners who would like to see Putin as president of their countries.
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