Saturday, October 25, 2014

Putin's advisor and experts discuss economy,sanctions & central bank

https://www.youtube.com/watch?feature=player_embedded&v=CH4Pcgoi3eE
via a comment by 'stevifinn' in http://www.nakedcapitalism.com/2014/10/links-102414.html
The comment: "If you can spend 1hr & 20 minutes watching this video it might help to explain things. It features 3 top Putin economic advisers – it gave me the impression of me being on the outside looking in. They talk about how Russia should protect itself from financial warfare – sanctions etc, & how to stop the leakage of tax revenues offshore. It appears that their central bank needs to be reformed & that they are still suffering from the Neoliberal policies & privatisations from the 90′s.
In terms of Europe they believe that the US has them by the balls due to the former’s reliance on the petrodollar system, from which it would be almost impossible for them to extricate themselves. They also state that the West’s financial system is terminally broke & that this is known by those in charge & is leading to US efforts to loot the rest of the planet with the trade agreements being a big part of this effort. They also believe that TTIP will de-industialise Europe & in my opinion they are being ably assisted by a European elite, particularly the un-elected Brussels grandees.
Perhaps it’s just me. but when they talk about the difficult measures they need to take in order to extricate themselves from the petrodollar system – they seem to be planning in a common sense sort of way which contrasts favourably with the members of our current Western economist priesthood.They also hint that internal political problems could prevent a successful conclusion to the fulfillment of their ideas."

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