Maybe he does live in Russia but he has NO IDEA what different styles of Central Banking are. He has no idea his own country has nationalized Central Bank that prints Ruble without debt attached to it, In other words their Central Bank does not LEND MONEY to Russian Government but only prints within limits without causing large inflation. You know Redneck, could it be that you are actually a dumbass. Oh I am fully aware that you are one of the few who trades successfully. But I never saw you in debates about Federal Reserve and what they do. You could be a rather large dumbass because you don't understand that all that pretty money you saved up trading could dry up within 1 week of Bank Holiday. As will be ordered by the FED at some point no doubt for perfectly "legitimate" and "logical" reason. In other words, see you at the poor house. The bread lines, the gutter. While your president goes to hide in luxurious underground stocked with quality spirits and even pleasure women. Yeah, you just ride those charts up and down all day long trading, for all the good it will do you in the end and your family. DUMBASS
Funny troll. Functions of the Fed in the US and central bank in Russia are identical as are functions of most central banks nowadays. P. S. Inflation or better say, stagflation in Russia is ridiculous.
How about private sector debt? Remember how Japan was buying up Manhattan and the US in the 80s. Check the YouTube videos of China's skeleton videos and ghost towns. People are staying in their villages because the jobs are there. It 's all a facade. China is much worse than Japan , which was engineering quality..Deming etc. Russia? Brilliant people, terrible govt.....stunted.
Sorry but truth comes your way to open your eyes. That's me. Any outside US economic report will inform you that Chinese people are one of the lowest debt people in the world. And to make matters even worse for us westerners, Chinese people like to save their value in gold coins too. In fact Chinese government even encourages this, but if you only consume western media you don't know this fact. Furthermore you mention how Japan had an upswing and now debt ridden downswing. Guess what, after Japan lost WW2, we have forced upon them A PRIVATE CENTRAL BANK, yes that's right, Japanese central banking is a pure copy of Federal Reserve, which is why Japan is in debt completely. This is NOT the case with China. Or Russia. Furthermore, you mention terrible Russian government, I should let you know that Putin government now has THE LOWEST approval rating OF THE WEST, and the highest 70% approval rating of 140 or so million Russians. Are they all stupid, or do they recognize that their government keeps making them wealthier year after year after year. Let me be very blunt. Every business and economic forum on entire internet has a guy like me who sounds the trumpet of Dangeres of Federal Reserve policy and organization. And explains how this game of currency devaluation and debt will end in COMPLETE COLLAPSE and maybe even civil war. Of course people like me are never believed. Until it is too late, and of course at that point who cares. In fact, have you ever seen anyone take anyone's advice, on any subject. People simply don't take advice. Be it a country, or a person, everyone has to Burn, in order to learn. Sad, but that's how it works. After civil war, USA will never again have Private Central bank, but few million have to die first.
Govt is a derivative of people. Plenty of idiots here as well who are brainwashed enough to support every stupid move by the govt in exchange for the false pride feeling.
Nicely put and valid for many/all countries . One direct effect of government subsidized education and culture ( and media in some countries) Actually once the government has enough money and power one could probably say that people become a derivative of government hence the fallacious aspect of democracies.
True. Once people provide too much power to the government they become an object of activity for govt/elite to achieve their (separate from well-being of the people) goals. Plus there is an extremely destructive psychological aspect of unlimited power. Hence I strongly advocate limited election terms, limited power of any given person in the govt etc.
Those are very nice ideals, but reality is something else. In United States of America, it make no difference what so ever, which party has "power" and which person is the president. Obama or Bush it makes no difference. The FED is still the same owners. The Pentagon is same career think tanks. The CIA is still the same guys. The NSA is same people etc. And if by some pure chance of luck, a patriot becomes the president of US (Ron Paul) and starts telling people to change their tune. He ends up dead like Kennedy and his brothers. In Russian Federation, president has real power, and is not a puppet. So when you change a president for someone who is very different from previous man, you change the policy of the country. For example the difference between Boris Yeltsin and Vladimir Putin, huge difference. But in USA, the president is a puppet of specialized groups behind the government. Not to mention the UNIFIED shadow government of US and EU called The Bilderbergers, this year they have a meeting in Copenhagen. ROYALS, BANKERS, WASHINGTON FOLKS and BRUSSELS
I honestly care less who has the real power. All I know is quality of life is much higher in the US, Canada, Australia, Western Europe etc. than it is in Russia. Period. You better believe me it is true. No false concepts like "greatness of the country". I never buy those BS stories by the governments used to fool people into serving someone else`s interests and more often than not, sacrificing their lives for those interests as well.