thanks karl.. dry reading!! i want to point something out that really is the basis for much of this discussion and that is the financial sanctions implemented by the west in 2014... kicking russia out of the swift system was a very clear signal of the war agenda of the west.. when i hear people mention russia invaded ukraine in 2022, none of them pick up on the financial war the west was making on russia from 2014 forward.. i think it is worth emphasizing..
things don't happen in a vacuum.. the west has its hands very dirty and anyone with a modicum of interest in this topic will pick up on it immediately... she mentions it right at the beginning and it is an ongoing theme throughout! so, these ''financial sanctions'' were a direct act of war, and they continue to be... the west has been at war with russia for some time, although all we ever hear about is 'russia invaded ukraine feb 2022'... i call bullshit on all the lies and omissions the west is guilty of here and elsewhere..
USSR the Russia has always had some sort of sanction attached to it. And then there're the bales of lies. Yes, 2014's sanctions hit constituted a sharp blow, but Russia quickly recovered and became more resilient as the sanctions acted like Tariffs as Hudson observed enabling Russia to boot its domestic economy via import substitution. The 2022 sanctions included the financial crap, but Russia was prepared and blowback occurred. As you've read, Russia and its friends intend to be very active in 2024. Who needs sports when you have geopolitics?
I can see why Putin likes her and keeps her in place. She’s very detailed oriented and seems to proceed looking for long term progress rather than short term solutions. A very interesting read although I admit I had to go slowly as I don’t fully grasp all the nuances.
Yes, it helps to know about banking and non-junk economics. That the policy planning scope is now extended to 2035 means core stability to make reliable predictions is paramount. Like Putin, she appears to be a classic Russian Conservative operating the philosophy that banks and the overall financial system are the providers of the capital required for industrial and societal economic growth--recall that Capital is required whether the economy is deemed Socialist or Capitalist. Russia currently maintains social control over the majority of the means of production much like China does. One of Russia's primary policy goals is to increase Russian's disposable income, meaning inflation must be kept under control, thus the emphasis during the interview on that topic.
My sentiments exactly. Also, I'm impressed by how technical the questions were, which makes me wonder whether the interviewers were trained in or worked in government finance. This and many other transcripts Karl has posted give the impression that Russian officials credit their citizenry as being intelligent.
Yes, Russians are smart. The site doing the interview is a financial website and the two women doing the interview are financial analysts, not just talking heads. RT said it edited the interview, but I haven't compared transcripts to see what RT cut. Perhaps they were motivated by the somewhat softball questions Siluanov got from Izvestia.
'The main thing we can do to counter this risk is to make sure that there is macroeconomic stability and financial stability.'
She sure knows the core job of the central bank, confirming my undergrad in Econ half a century ago in a different continent, although I attended a seminar give by William McChesney Martin, in the same time period in the US, who confirmed it and was surely brilliant.
Kudos to her and also to Putin. Very competent white female, Harvard should be jealous.
She's also from Tatarstan, although her bio didn't mention if she's Moslem. Her parents were essentially working class, and she was given the opportunity via the Soviet education system to show what she's best at.
thanks karl.. dry reading!! i want to point something out that really is the basis for much of this discussion and that is the financial sanctions implemented by the west in 2014... kicking russia out of the swift system was a very clear signal of the war agenda of the west.. when i hear people mention russia invaded ukraine in 2022, none of them pick up on the financial war the west was making on russia from 2014 forward.. i think it is worth emphasizing..
things don't happen in a vacuum.. the west has its hands very dirty and anyone with a modicum of interest in this topic will pick up on it immediately... she mentions it right at the beginning and it is an ongoing theme throughout! so, these ''financial sanctions'' were a direct act of war, and they continue to be... the west has been at war with russia for some time, although all we ever hear about is 'russia invaded ukraine feb 2022'... i call bullshit on all the lies and omissions the west is guilty of here and elsewhere..
USSR the Russia has always had some sort of sanction attached to it. And then there're the bales of lies. Yes, 2014's sanctions hit constituted a sharp blow, but Russia quickly recovered and became more resilient as the sanctions acted like Tariffs as Hudson observed enabling Russia to boot its domestic economy via import substitution. The 2022 sanctions included the financial crap, but Russia was prepared and blowback occurred. As you've read, Russia and its friends intend to be very active in 2024. Who needs sports when you have geopolitics?
I can see why Putin likes her and keeps her in place. She’s very detailed oriented and seems to proceed looking for long term progress rather than short term solutions. A very interesting read although I admit I had to go slowly as I don’t fully grasp all the nuances.
Yes, it helps to know about banking and non-junk economics. That the policy planning scope is now extended to 2035 means core stability to make reliable predictions is paramount. Like Putin, she appears to be a classic Russian Conservative operating the philosophy that banks and the overall financial system are the providers of the capital required for industrial and societal economic growth--recall that Capital is required whether the economy is deemed Socialist or Capitalist. Russia currently maintains social control over the majority of the means of production much like China does. One of Russia's primary policy goals is to increase Russian's disposable income, meaning inflation must be kept under control, thus the emphasis during the interview on that topic.
My sentiments exactly. Also, I'm impressed by how technical the questions were, which makes me wonder whether the interviewers were trained in or worked in government finance. This and many other transcripts Karl has posted give the impression that Russian officials credit their citizenry as being intelligent.
Yes, Russians are smart. The site doing the interview is a financial website and the two women doing the interview are financial analysts, not just talking heads. RT said it edited the interview, but I haven't compared transcripts to see what RT cut. Perhaps they were motivated by the somewhat softball questions Siluanov got from Izvestia.
'The main thing we can do to counter this risk is to make sure that there is macroeconomic stability and financial stability.'
She sure knows the core job of the central bank, confirming my undergrad in Econ half a century ago in a different continent, although I attended a seminar give by William McChesney Martin, in the same time period in the US, who confirmed it and was surely brilliant.
Kudos to her and also to Putin. Very competent white female, Harvard should be jealous.
She's also from Tatarstan, although her bio didn't mention if she's Moslem. Her parents were essentially working class, and she was given the opportunity via the Soviet education system to show what she's best at.