May 24, 2010 — Contents


(1)  EDITORIAL:  Another Nauseating new Low for Russia

(2)  Latynina on the Mine Explosion

(3)  Putin must Go!

(4)  Lies and the Lying Russian Racists who Tell Them

(5)  Tumult in Ukraine

NOTE: In the last several weeks, the Russian stock market, as depicted by the RTS dollar-denominated exchange shown at left, has shed over one-fifth of its total value, plummeting from 1650 to 1300 as international financial roiling depressed the price of oil and caused investors to think twice about the Russian market, which would better be called the Russian casino.   The Russian market is now at its lowest point in the past half year, and has surrendered back all the gains it had made during that period, and then some.  The freefall in value depicted by the chart is truly sickening, especially as  a reminder of the 80% drop the market experienced not so very long ago.

18 responses to “May 24, 2010 — Contents

  1. No one in their right mind would invest money in Putin’s murderous gangster run Russia! those that took the risk got badly burnt and without a doubt passed on the information to their investing buddies.

    End of Russia as a nation at which international companies will look forward to as a sane investment bet, to invest their billions, and indirectly raise the nation and its people’s standard of living out of the poverty they currently are in.

    LR maybe your quote, ” the Russian market, which would better be called the Russian casino.” should be changed from Russian casino to “modified Russian roulette” where in the normally accepted version of “Russian roulette” one chamber of the revolver is loaded with a live cartridge and the other five chamber are empty. In the “modified Russian roulette” version one chamber will be empty and the remaining five will all be loaded.

  2. It had long been a talking point amongst Russia watchers, yet it came as a shock when the country’s finance minister, Alexei Kudrin, declared that the reserve fund of accumulated oil revenues was running out.

    The fund, which has helped the country to weather the global crisis and finance its budget deficit, would be exhausted by the beginning of 2011, he said recently.

    Mr Kudrin said that as of next year, Russia would have to adjust to being a country, just “like everyone else”, having to operate without extraordinary economic advantages – such as strong earnings from oil exports.

    Coming at a time of serious economic turbulence in the European Union (EU), his prediction raised fears about Russia’s economy, in part because the EU is Russia’s main export market – and not only for its oil.

    But beyond weakness in the export markets, there are even greater problems at home in Russia.

    Critics say that too little has been done to implement necessary structural reform and reduce the economy’s dependence on energy resources after Russia, a leading oil exporter, defaulted on its debt in 1998.

    Oil, gas and mineral exports account for some 70% of Russia’s exports, so the economy is hostage to sharp price fluctuations commonly seen in the commodity markets.

    And Russia’s dependency no such exports has been made more acute by rising social spending, according to Natalia Orlova, chief economist, Alfa Bank.

  3. Francis Smyth-Beresford

    I’d love to think this is the last time we’re going to go over this, but the cynic in me says it won’t be. Once again, you are using short-term market fluctuations to paint a schadenfreude picture of doom that is unsupported by accepted economic indicators.

    Under the leadership of Putin and Medvedev, Russian GDP has shown steady, measurable and reliable growth. American GDP growth is steadying up at last, but has been flat or negative since 2007.

    Russia has a balance-of-trade surplus of $15 Billion. The United States has a trade deficit of $40.4 Billion

    Russia’s unemployment rate is 8.6%. America’s is 9.9%.

    Obviously, the USA’s much larger population and massive wealth wipe out any perceived advantage. However, Russia’s medium-term economic pointers are all in the right direction, the government appears to be doing the best it can with a commodities-driven economy, and continues to enjoy largely-unappreciated success.

  4. …having to operate without extraordinary economic advantages – such as strong earnings from oil exports…

    Gosh!! How could this happen to such nice people in the Kremlin???

    Maybe turning off the pipeline in mid winter was not the brightest idea after all!!!

  5. That very old saying. “As you sow, so shall you reap”! is extremely appropriate in Russia’s case. In fact the only thing that Putin’s gangster regime can successfully sow is hatred, murder, fear, lies and brutal oppression in his own, so to say “personal nation” and its hapless citizens.

    But then what can one expect when Putin’s background is examined in details. He is nothing but a proud KGB spy and thug, for whose criminal bidding/s there is always a band of KGB goon like thugs to follow and implement his slightest wish.

    Where has he ever learned sanely, wisely and professionally, on how to successfully run a nation?

  6. Givi Hachikian


    Georgia started the war with South Ossetia – European Parliament permalinke-mail story to a friendprint version

    Published 20 May, 2010, 20:01, see

    Victims of Georgia’s attack on South Ossetia in August 2008 may now have an EU-approved document on their hands if they want their cases to be heard at the international criminal court in The Hague.

    On Thursday the European Parliament supported the findings of a special report which says Georgia “triggered the war” with heavy artillery attack on Tskhinval.

    It adds that this attack was not an isolated event, but the culmination of years of mounting tensions, for which all sides bear responsibility.

    Members of the parliament also voted to increase and further support the EU mission in the Caucasus.

    • What does “all sides bear responsibility” mean to you, imbecile? Did you read your own text?

      What a classic Russian fool.

      • Givi Hachikian

        Read the text attentively. All the sides “bear responsibility” for “years of mounting tensions” but Georgia is fully responsible for its attack that triggered the war!

        • South Ossetia is Georgian territory not Russian. Why Russian army is still in Georgian territory? Everyone can look at the map and find where is Russia and where is Georgia and compare these two countries. Georgia is much smaller country. Georgian President wanted to restore Georgian territory and take back South Ossetia because Georgian people want to live with Western Allies not with the corrupt Putin empire. Putin is KGB spy and want to take Georgia back so he made South Ossetia his own puppet and South Ossetian corrupt leaders started provocations with Georgia so Georgian President started war to clean the mess. He wanted to catch corrupt leaders and send them back to Russia. KGB spy Putin gave the order to occupy Georgian territory and even today Georgia is still not free country. Silence war is going with Russia even today. Post Soviet Countries are in war with Russia because they want to live like normal people not like Putin KGB spy. Russia is corrupt and backward country and normal people do not want to live like barbars so they choose Wester Civilization. I fully respect Georgian people for their decision to clean the mess. KGB spies must die and russophiles must be taken to jail or concentration camps because they are working against every country in the free World. I fully support Georgia. Today they need to accept the bad situation and give the corrupt teritories to the corrupt Russian empire and start the new life. I think KGB spy Putin can go to the South Ossetia and start the new life with his friends corrupt leaders who will think like barbars or backward civilizations. They all can steal, lie, kill and drink vodka. And read who started the war first. I think Georgia now can forget the Russian empire. The future is in West.

          • Sunshine, congrats on making it to Poland and recieving an asylum. You will no more have to live to 20$/ month no more in your beloved Georgia under the care of your deeply loved Micha.

            But this does not make you a EU citizen yet:)

  7. Do not believe anything that comes out of RT. Cheap propaganda all.

  8. Francis Smyth-Beresford

    There you go.

    True enough? The report unequivocally says Georgia started it. And “years of mounting tensions” means diddly. What would you call the Cold War? Neither side started shooting in that era. Saakashvili gambled that he could drag America into it if Russia hammered him, and that scenario will inevitably arise again if Georgia is allowed to join NATO. It will mean all NATO nations are obligated to defend it.

  9. What do you mean “allowed” to join the NATO? Why does Russia think Georgia has to ask Russia’s permission to join the NATO? Georgia is an independent country, is it not? I guess Russia still believes Georgia is her vassal

    • Francis Smyth-Beresford

      By “allowed” to join NATO, I mean exactly that – permission for acceptance as a member nation by present NATO members, with all the responsibilities and priviliges it entails. Of course no one member can simply invite a nation of its choice aboard; if that were true, Georgia and the Ukraine would have been NATO members already, owing to aggressive lobbying by the United States.

      However, as I mentioned, NATO member states are obliged to come to the aid of any other member state under attack. Saakashvili may have had that in mind when he suggested immediately before commencing the war that he “could not imagine the west would not come to Georgia’s aid”.

      American interest in NATO membership centres around seizing control of the Caspian basin’s rich oil reserves. You don’t have to believe me – ask Dick Cheney.

      You seem to have gotten the incorrect impression somewhere that I am a Russian, arguing in Russia’s interest. Neither is true. I’m simply presenting an alternate viewpoint, and backing it up with facts. Whether Georgia or Ukraine become NATO members is outside Russia’s influence, and I’m not arguing that. But it would plainly not be in Russia’s interest, and you can hardly blame them for opposing it.

      • Well, if you meant that all other NATO members have to vote in favor of admitting Georgia, then it’s how it should be, I agree. But you see my point, it may be interpreted that Russia should agree too, and to this I am opposed.

        I don’t see, “plainly” as you put it or otherwise, why this should not be in Russia’s interest. There is no possibility Georgia or Ukraine would launch a war against Russia. Neither country has wherewithal , or strength nor indeed any desire to do that. So, what are Russians afraid of, exactly, if Georgia or even Ukraine should join the NATO?

        And why is it that Russia’s “hurt feelings” should be always a paramount factor? Don’t other countries have feelings too?

        • “There is no possibility Georgia or Ukraine would launch a war against Russia.”

          Well, Georgia did in 2008.

          Why is it so hard to understand for neocon hardliners that on 08.08.08 Georgia actually started a war against Russia?

          Do I need to cite Tagliavini once again?

          • What if Georgian soldiers, when shelling Tskhinvali, were moving from the same bases where, say, UK or German forces were stationed?

            Ever considered such a possibility?

            Georgians quit Senaki, leaving NATO allies behind, shell Tskinvali, kill Russian peacekeepers, then take the city – and what should Russia do then?

            Write letters to Rasmussen, Scheffer&Co?

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