OK so Russia has the land and fertilisers in abundance, they grow the quality wheat to that produces the end product, in this instance Makfa pasta, apparently one of the top 5 producers of pasta in the world but don't enjoy a fair share of profit from end of line sales despite the company being registered as Russian. Did an early check but can't establish if they're a subsidiary of a foreign concern who are able to bypass Russia's system of checks and balances, taxation, financial rules and so on.
You'd expect that such a large corporation purchase their own/lease agriculture land and grow their own wheat/cereal products and therefore External Inspectors could easily establish weekly production/tonnage for export by the number of trucks enroute to the port or warehouse, loading bay, transfer, ship as well as domestic sales/consumption revenues.
Therefore this/these elaborate schemes require a criminal organisation with vast resources and connections to the Russian Mafia. In this instance I'd guess a Russia-Italian JV as certain Italian connections have a long history of such schemes and enjoy good working relations/practices still, legal and illegal, with their Russian counterparts.
We are talking billions here so on a par or much bigger than the drug trade and no risk . . . until now.
Finally if I haven't bored you to tears as yet, look at each industry involved beginning to end. Land, compared to Italy probably 20% cost, fertilisers 50% cheaper, wheat, either company produces or a nice deal with a farmer/collective/region, these are only a few examples along the way to the production and price points and profits.
How much more expensive would it be to produce this product in Italy/EU where land is scarce, expensive and energy costs through the roof..
A big reason the West, Blackrock, Cargill and many other vultures have invested heavily in Ukraine.
Yes, this operation was a big deal and might have continued if it didn’t remove capital from Russia and had reinvested in infrastructure and social projects. There’s also a connection with what Putin recently said about the readmission of western businesses into Russia, what I’ll call their behavior. As you know, Capital Flight is a major problem in the Global South, and I’m sure some are looking at Russia’s legislation and legal theorizing in that regard. You may have noted in almost every declaration signed with Russia teaming to combat transnational crime is front and center.
A previous podcast around 6-8 weeks ago with Tom Luongo and Alex Krainer was also eye opening, in particular being approached by the scoundrel Bill Browder who claimed he had the IMF in his pocket and was looking for $10 billion from Armstrong to invest in regime-change in Russia.
Armstrong didn't want to know stating 'mission impossible'.
Hurrah! That's good news. Let's see the details in the source documents, but the effect of returning ill gotten property serves as an example for other sovereign states in reclaiming what has been effectively stolen by transnational entities.
The slippery eels that operate in the polluting waters of neoliberalism deserve the full weight of the law as they're effectively "white collar criminals".
Look at Telecom and the various state electricity authorities for example. Sell them off at a bargain price, rename them, put on the stock exchange and then con citizens in to buying shares in entities they already owned.
Then reduce the services, cut back maintenance, and pay huge profits to the new owners.
It took the Hawke/Keating regime to initiate the privatisation.
It's been the most insidious process that hollowed out the "bureaucracy" by substituting a new breed of private consultants and gaggles of contractors in every major facet of operation. It was "Yes, Minister" detoured along a different path leading to a similar result of insiders and the unaccountable making the hay.
Correct. And people in the West are horrified as to why the older generation still revere Stalin. I wish we had a Stalin right now, in the large, it would most definitely be better, just look at the data dispassionately.
One of my Russian subscribers provided me with some essays that were written in the context of Russia’s 2012 election that explore why the reverence for Stalin. I considered publishing the translations but other events pushed them aside, although imo they remain worthy of providing. I understand the issue and Russian POVs and why Putin is said to be a modern Stalin for his resurrection of Russia, not his western created authoritarianism.
What many would want is not just Putin but his entire team and much more. But the hardest thing to copy is the will power of Russians and what they’ll do for a leadership cadre that aims to better their lives.
I will not post more because time is not enough for you and for me! The first described briefly a list of lawsuits and nationalizations of many companies.
The second refers specifically to Domodedovo airport, because 5 months of legal argument has taken place it renders the first article outdated and inadequate. Some others are in fact outdated but at least we can see a lot is happening and positive results.
Another example, although I cannot find an adequate link unfortunately, recently an entity involved in methanol production claimed losses of revenue for 6 consecutive years, and the first year return and operation by the state produced a record profit never seen in the history of of the company. Many cases are similar and while it can be argued that part of nationalizations benefit "some individuals", it is important that they operate for and in direct benefit of the state, not for foreign interests, and they do and will. Nothing is ever perfect but this is the way to remove "unfriendly" and protect national interests and security. Personally I do not mind anyone being wealthy, especially if they work hard and contribute a lot of themselves. Only do not steal everything, do not abuse people and do not work against us for outsiders.
The Nima/Hudson conversation fits snugly with your report of the Russian repudiation of private foreign ownership of essentially Russian national assets [as you intended]. A tour-de-force of socioeconomic lucidity.
Hudson for the US Empire: "genocide is us". Bullseye.
It's batten down the hatches time, tighten your belts, by Executive Order, bypassing Parliaments, The Annual European Austerity Programme, courtesy of the Bank of England (ECB) cutting every Public Service imaginable including the Fire Brigade/Service who'll be needed most when the fires and destruction begin. Why some Ukrainian dude tried to burn down Keir Starmer's London home a few days ago causing damage to the entrance only. My guess would be that the guy has had his benefits cut and the Home-Office is attempting to deport him along with the tens of thousands of Ukrainian Saps back home.
If he throws himself at the mercy of English Law he might get lucky and a one-way ticket to Rwanda as an alternative.
There's the Black Economy and there's taking liberties when a sound business concern enjoying benefits not available in 'any' other country in terms of resources, selling to domestic & International Markets, chose to avoid paying taxes/contributions, operating illegally, especially when the country needs support most.
I'm certain several links in the chain are helping authorities with their enquiries and perhaps this can be settled amicably with a large fine, back payment of lost revenues and tighter controls.
I think the last comment in the article is a reference to China having subordinated Mammon to the state. Remember when Jack Ma tried to introduce Western financialization into China? The government “convinced” him that such practices were not appropriate. Jack Ma saw the light. LOL
With the “un-privatization” laws, Russia is increasingly pursuing a similar philosophy.
In the West, the nation-states are subordinated to Mammon. The billionaire elites are in control of the institutions in the West. (Isn’t this the Libertarian ideal?)
Let me offer two different political philosophies. In one, Mammon controls the institutions of the state and the state controls the people. The second is the reverse: the people control the state (i.e., of the people by the people and for the people) and the state controls Mammon.
Western nations follow the former political philosophy. China and Russia follow the latter political philosophy.
Precisely, two different political-economies. IMO, Charles Beard would certainly agree as would Michael Hudson and Richard Wolff, and many more could be listed. Yes, Jack Ma was schooled and presumably remains happy.
Putin and his political entourage believe in and practice governance by validly legislated law. This development is to be applauded and emulated elsewhere, especially in Africa and South and Central America, and anywhere else where theft of their inhabitants' birthrights have been prevalent. A trend towards imperial dissolution.
It now depends on vassals of the Imperium being able to take back their governance. China and Russia may help in this over the next few decades.
The economy is sovereign! as it should be and that primarily because it is an inter-generation vehicle for ongoing work and prosperity and it provides for the ongoing sovereign nation and its services, defence and infrastructure. Innovative capitalists have plenty of scope for enterprise and investment and the sovereign pool of wealth can be structured to invest and assist in marketing through embassy promotion and industry collaboration. In this context local enterprise can be mightily assisted through state focussed development of collaborative industry building.
Sure it is a usefull brake on monopoly and unfair trade practice but it can be a vital tool in the State's hands particularly when long established enterprise finds itself being eclipsed by innovation at a rapid pace. Consider electric cars and busses, old ICE propulsion systems are going extinct at a rapid pace and the source of new forms is primarily imports and a vast recharging network needs to be established asap. That is where sovereign wealth investment can overcome lethargic private investment. Then there are UAV's as defence needs, a manifestation poorly understood three years ago and now an indispensable component of the armory.
Whatever the finer details, profitable Russian companies benefitting Russia & Russians can only be a good thing in my opinion. Allowing parasitic companies taking their profits out of the host country & involving themselves on tax avoudence schemes is exactly what has & is ruining the Western countries. Where workers have to constantly work harder & longer hours for less & less earnings in real terms. Black magic voodoo of the inflation game secures that.
Parasitic neoliberal rent seekers don’t reinvest the capital they collect into the productive part of the economy; thus, the real economy goes into recession then depression. There was a joke going around during Clinton’s term about his having created all these new jobs with the straight man saying: Yeah, and I have three of them, which is reflective of the service economy’s low wages.
We (the US) are mired deep in cronyism masquerading as capitalism. There are few community banks left and the diminishing number of regional banks aspire to become TooBigToFail.
Rent-seeking is the low risk opportunity to loot what's left when the business culture can't innovate new or better products and a large part of capital investment is in another country to manufacture goods for export to the US.
Russia is slowly getting rid of all western influence.
OK so Russia has the land and fertilisers in abundance, they grow the quality wheat to that produces the end product, in this instance Makfa pasta, apparently one of the top 5 producers of pasta in the world but don't enjoy a fair share of profit from end of line sales despite the company being registered as Russian. Did an early check but can't establish if they're a subsidiary of a foreign concern who are able to bypass Russia's system of checks and balances, taxation, financial rules and so on.
You'd expect that such a large corporation purchase their own/lease agriculture land and grow their own wheat/cereal products and therefore External Inspectors could easily establish weekly production/tonnage for export by the number of trucks enroute to the port or warehouse, loading bay, transfer, ship as well as domestic sales/consumption revenues.
Therefore this/these elaborate schemes require a criminal organisation with vast resources and connections to the Russian Mafia. In this instance I'd guess a Russia-Italian JV as certain Italian connections have a long history of such schemes and enjoy good working relations/practices still, legal and illegal, with their Russian counterparts.
We are talking billions here so on a par or much bigger than the drug trade and no risk . . . until now.
Finally if I haven't bored you to tears as yet, look at each industry involved beginning to end. Land, compared to Italy probably 20% cost, fertilisers 50% cheaper, wheat, either company produces or a nice deal with a farmer/collective/region, these are only a few examples along the way to the production and price points and profits.
How much more expensive would it be to produce this product in Italy/EU where land is scarce, expensive and energy costs through the roof..
A big reason the West, Blackrock, Cargill and many other vultures have invested heavily in Ukraine.
Yes, this operation was a big deal and might have continued if it didn’t remove capital from Russia and had reinvested in infrastructure and social projects. There’s also a connection with what Putin recently said about the readmission of western businesses into Russia, what I’ll call their behavior. As you know, Capital Flight is a major problem in the Global South, and I’m sure some are looking at Russia’s legislation and legal theorizing in that regard. You may have noted in almost every declaration signed with Russia teaming to combat transnational crime is front and center.
A must watch Karl
The Most important Forecast Martin Armstrong Has Ever Made - Ukraine To Disappear
Interview - Kenny Lutz
Thanks for this! I happened upon it last night, worth watching!
https://www.youtube.com/watch?v=t3QXavHUv5Q
Thanks Michael.
Armstrong - A Man for All Seasons
A previous podcast around 6-8 weeks ago with Tom Luongo and Alex Krainer was also eye opening, in particular being approached by the scoundrel Bill Browder who claimed he had the IMF in his pocket and was looking for $10 billion from Armstrong to invest in regime-change in Russia.
Armstrong didn't want to know stating 'mission impossible'.
Hurrah! That's good news. Let's see the details in the source documents, but the effect of returning ill gotten property serves as an example for other sovereign states in reclaiming what has been effectively stolen by transnational entities.
The slippery eels that operate in the polluting waters of neoliberalism deserve the full weight of the law as they're effectively "white collar criminals".
Look at Telecom and the various state electricity authorities for example. Sell them off at a bargain price, rename them, put on the stock exchange and then con citizens in to buying shares in entities they already owned.
Then reduce the services, cut back maintenance, and pay huge profits to the new owners.
It took the Hawke/Keating regime to initiate the privatisation.
It's been the most insidious process that hollowed out the "bureaucracy" by substituting a new breed of private consultants and gaggles of contractors in every major facet of operation. It was "Yes, Minister" detoured along a different path leading to a similar result of insiders and the unaccountable making the hay.
the Sanctions have been good for Russia.... and Putin a blessing for Russia.... and his PM is a very effective guy... Hurrah x 3
Privatisation is just a long word for theft. Theft of public assets.
Correct. And people in the West are horrified as to why the older generation still revere Stalin. I wish we had a Stalin right now, in the large, it would most definitely be better, just look at the data dispassionately.
One of my Russian subscribers provided me with some essays that were written in the context of Russia’s 2012 election that explore why the reverence for Stalin. I considered publishing the translations but other events pushed them aside, although imo they remain worthy of providing. I understand the issue and Russian POVs and why Putin is said to be a modern Stalin for his resurrection of Russia, not his western created authoritarianism.
What many would want is not just Putin but his entire team and much more. But the hardest thing to copy is the will power of Russians and what they’ll do for a leadership cadre that aims to better their lives.
Agree completely
Exciting to read what sovereign economics is in reality with its approach to serve the interests of the people .
Unimaginable a breath of this will be heard here, yet Trump was elected to do this.
This War has a financial reason behind the hate.
https://www.rbc.ru/business/29/03/2024/64e3a6769a7947634c7c9f53?ysclid=maqoywdyvd24545773
https://www.aviaport.ru/news/poletnaya-konstruktsiya-sud-rassmotrit-natsionalizatsiyu-domodedovo/?ysclid=maqcmsq13401364110
Hello!
I will not post more because time is not enough for you and for me! The first described briefly a list of lawsuits and nationalizations of many companies.
The second refers specifically to Domodedovo airport, because 5 months of legal argument has taken place it renders the first article outdated and inadequate. Some others are in fact outdated but at least we can see a lot is happening and positive results.
Another example, although I cannot find an adequate link unfortunately, recently an entity involved in methanol production claimed losses of revenue for 6 consecutive years, and the first year return and operation by the state produced a record profit never seen in the history of of the company. Many cases are similar and while it can be argued that part of nationalizations benefit "some individuals", it is important that they operate for and in direct benefit of the state, not for foreign interests, and they do and will. Nothing is ever perfect but this is the way to remove "unfriendly" and protect national interests and security. Personally I do not mind anyone being wealthy, especially if they work hard and contribute a lot of themselves. Only do not steal everything, do not abuse people and do not work against us for outsiders.
Thanks again for your additional input and sources. Your efforts are appreciated by more than me!
Thank you very much.
The Nima/Hudson conversation fits snugly with your report of the Russian repudiation of private foreign ownership of essentially Russian national assets [as you intended]. A tour-de-force of socioeconomic lucidity.
Hudson for the US Empire: "genocide is us". Bullseye.
It's batten down the hatches time, tighten your belts, by Executive Order, bypassing Parliaments, The Annual European Austerity Programme, courtesy of the Bank of England (ECB) cutting every Public Service imaginable including the Fire Brigade/Service who'll be needed most when the fires and destruction begin. Why some Ukrainian dude tried to burn down Keir Starmer's London home a few days ago causing damage to the entrance only. My guess would be that the guy has had his benefits cut and the Home-Office is attempting to deport him along with the tens of thousands of Ukrainian Saps back home.
If he throws himself at the mercy of English Law he might get lucky and a one-way ticket to Rwanda as an alternative.
There's the Black Economy and there's taking liberties when a sound business concern enjoying benefits not available in 'any' other country in terms of resources, selling to domestic & International Markets, chose to avoid paying taxes/contributions, operating illegally, especially when the country needs support most.
I'm certain several links in the chain are helping authorities with their enquiries and perhaps this can be settled amicably with a large fine, back payment of lost revenues and tighter controls.
WIN/WIN
Sir:
I think the last comment in the article is a reference to China having subordinated Mammon to the state. Remember when Jack Ma tried to introduce Western financialization into China? The government “convinced” him that such practices were not appropriate. Jack Ma saw the light. LOL
With the “un-privatization” laws, Russia is increasingly pursuing a similar philosophy.
In the West, the nation-states are subordinated to Mammon. The billionaire elites are in control of the institutions in the West. (Isn’t this the Libertarian ideal?)
Let me offer two different political philosophies. In one, Mammon controls the institutions of the state and the state controls the people. The second is the reverse: the people control the state (i.e., of the people by the people and for the people) and the state controls Mammon.
Western nations follow the former political philosophy. China and Russia follow the latter political philosophy.
Which is why Mammon hates China and Russia.
Precisely, two different political-economies. IMO, Charles Beard would certainly agree as would Michael Hudson and Richard Wolff, and many more could be listed. Yes, Jack Ma was schooled and presumably remains happy.
Putin and his political entourage believe in and practice governance by validly legislated law. This development is to be applauded and emulated elsewhere, especially in Africa and South and Central America, and anywhere else where theft of their inhabitants' birthrights have been prevalent. A trend towards imperial dissolution.
It now depends on vassals of the Imperium being able to take back their governance. China and Russia may help in this over the next few decades.
Reading this gave me a very joyful feeling. MAGA-tards take note: this is what it is supposed to look like.
The economy is sovereign! as it should be and that primarily because it is an inter-generation vehicle for ongoing work and prosperity and it provides for the ongoing sovereign nation and its services, defence and infrastructure. Innovative capitalists have plenty of scope for enterprise and investment and the sovereign pool of wealth can be structured to invest and assist in marketing through embassy promotion and industry collaboration. In this context local enterprise can be mightily assisted through state focussed development of collaborative industry building.
Sure it is a usefull brake on monopoly and unfair trade practice but it can be a vital tool in the State's hands particularly when long established enterprise finds itself being eclipsed by innovation at a rapid pace. Consider electric cars and busses, old ICE propulsion systems are going extinct at a rapid pace and the source of new forms is primarily imports and a vast recharging network needs to be established asap. That is where sovereign wealth investment can overcome lethargic private investment. Then there are UAV's as defence needs, a manifestation poorly understood three years ago and now an indispensable component of the armory.
Good!
Whatever the finer details, profitable Russian companies benefitting Russia & Russians can only be a good thing in my opinion. Allowing parasitic companies taking their profits out of the host country & involving themselves on tax avoudence schemes is exactly what has & is ruining the Western countries. Where workers have to constantly work harder & longer hours for less & less earnings in real terms. Black magic voodoo of the inflation game secures that.
Parasitic neoliberal rent seekers don’t reinvest the capital they collect into the productive part of the economy; thus, the real economy goes into recession then depression. There was a joke going around during Clinton’s term about his having created all these new jobs with the straight man saying: Yeah, and I have three of them, which is reflective of the service economy’s low wages.
We (the US) are mired deep in cronyism masquerading as capitalism. There are few community banks left and the diminishing number of regional banks aspire to become TooBigToFail.
Rent-seeking is the low risk opportunity to loot what's left when the business culture can't innovate new or better products and a large part of capital investment is in another country to manufacture goods for export to the US.
We can get away with it for maybe a decade more.
I am favouring Yanis Varufakis on remedies for replacing capitalist extremists :https://youtu.be/vHtrLFwwVaI?t=3004
This is 3 minutes from an interesting session of almost one hour.
Wealth is the property of the commons etc etc....