German Gref: That’s right.
Vladimir Putin: It’s better not to wait until it goes down to 11 percent because inflation is running at a faster rate, and so whoever is ready and has the desire, it’s better to do it now.
German Gref: We finished the first half of the year with a record profit. We made a net profit of 229 billion roubles over the first six months of the year.
Vladimir Putin: How does this compare with last year’s results?
German Gref: It’s up 180 percent on last year’s results. It is difficult to compare to last year because that was a particularly difficult year.
Putin says inflation is on the rise in Russia. Meanwhile, the corporations are making record profits. Is economic turmoil and widening income desparity in Russia's future? Is the Ruble in freefall? Yes, yes it is. The Ruble has lost more than 91% of its value since 1999, and is currently undergoing a sharp decline in value.
http://i.bullfax.com/imgs/b005038b1855f ... 31650e.jpg
The current sharp downward trend of the Ruble appears to clearly coincide with the sanctions imposed on Russia by the EU in 2014. If Russia's economy is in collapse, then we may anticipate desperate actions from Russia to correct this. If the current collapse is a result of EU doing, Russia could easily interpret this as an act of war - economic warfare, which threatens the stability and prosperity of Russia. As such, we can anticipate a dramatic response directed at the EU and its allies, perhaps including Russia's long arch nemesis, the United States.
In the mind of Putin, Russia must survive at all costs, yet the EU and its allies appear to stand in direct contravention of that philosophy. To secure a bright future for Russia must then mean the defeat of the EU and its allies. As Putin's desperation increases, so too must his belief in such a philosophy.
Putin doesn't want a Europe firmly under his control. He needs it. Desperately needs it. The only question is, what action will he take to achieve this goal? He was a career agent of the KGB. He was the head of the FSB. At a minimum, I anticipate there will be some strong usage of the cloak and dagger in the future, most prominently the dagger. If the EU won't play nice, then he must either force them to, or replace them with someone who will. His own people. Directly or indirectly. Through coercision. Through assasination. Through war if necessary.
Following JFK, there is not an American president who would dare stand in oppisition to CIA. Perhaps the future is one where no EU leader would dare oppose the objectives of the FSB. I anticipate this to be the best-case scenario for the west. The alternative may be eventual total war. Russia must survive. At all costs.
I am very curious to know what "other things" Putin has in mind, especially since they are "inevitable."PBS wrote: ...the government warned that Russia was heading towards a recession...Among the causes: the weakening ruble, sanctions imposed by the West...
What Putin said: "However, it is equally certain – and I would like to stress this – that there will be what experts call a positive rebound. …
How long will this take? In a worst-case scenario, I believe it would take a couple of years. I repeat: after that, growth is inevitable, due to a changing foreign economic situation among other things."
http://www.pbs.org/wgbh/frontline/artic ... omic-pain/