[MONEY] - Saker: Russia still under IMF/Fed thumb - [PEACE]

[Zenaan Harkness]

On Wed, Jan 08, 2020 at 03:50:47PM +1100, Zenaan Harkness wrote:
> One wonders at what point Russia/ Putin will feel or be strong enough
> to reclaim their money printing from the Fed/ IMF/ USA:
> 
>   Why Did Russia’s Central Bank Change Their Eagle Emblem?
>   https://thesaker.is/why-did-russias-central-bank-change-their-eagle-emblem/
> 
>     ...
>     we need to change the financial policy of the Central Bank. This
>     is the most important. It is necessary to print as much money as
>     we need for our economy with 0 interest rate. Issuing money needs
>     to be as a result of refinancing of commercial banks or backed by
>     state bonds, as it is done in USA and the EU. It should not be
>     linked to the dollar as it is now. Right now, the interest rate
>     is 6.25%, although, it has been declining lately. However, it
>     doesn’t mean much for Russia’s economy.
> 
>     First of all, if it is not going to be refinanced, then there is
>     no difference on what the interest rate is, even it would be a
>     zero. Second of all, prior to 2014, the interest rate was also
>     declining, then it flew up to 17 %. It was necessary during the
>     time to bring the interest rate down, so for a very short period
>     of time, Russia lost what was gained previously for many years.
>     ...
> 
> 
> Russia values her sovereignty, very much, according to Putin.
> 
> The fundamental though - the right to print her own fiats (or gold
> and silver backed coins), requires a referendum, since Russia's

> current referendum was dictated by Westerners (Fed/IMF shills).

s/referendum/constitution/


> Perhaps that day comes closer...