Voices from Russia

Friday, 28 August 2015

DNR Ministry of Finance sez 92 Percent of Money in Circulation is Russian Roubles

roubles

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Today, DNR Minister of Finance Yekaterina Matyushcenko told us, “After an audit of purchase volume and the amount of currency in circulation, it’s clear that 92 percent of the currency in circulation is Russian roubles, and only 8 percent is Ukrainian grivnya. Besides the rouble and grivnya, the DNR allows the use of the Euro and USD as legal tender. All cash and cashless payments will be in these currencies”.

27 August 2015

DAN Donetsk News Agency

http://dan-news.info/ekonomika/obem-rublya-v-denezhnom-oborote-dnr-dostig-92-minfin.html

Monday, 17 August 2015

Ex-Finance Minister sez the Ukraine Already in Default

00 Grivnya down the hatch. 21.02.15

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On Saturday, ex-Ukrainian Finance Minister V M Pinzennik admitted that since the Ukrainian government is trying to restructure the state debt, it means that it’s already in default. Pinzennik, now a Rada Peoples Deputy (Vitaly Klitchko’s UDAR bloc), said on Kiev-based TV outlet 112 Ukraina, “Finance Minister Natalie Jaresko botched negotiations with creditors, but even if she hadn’t, this wouldn’t stave off the inevitable. I think that the main problem that the Ukraine now faces is the cause of the current economic crisis. Restructuring the debt won’t solve the main problem, which is the budget deficit. Everyone believes that by restructuring the debt we’d solve all our problems. I don’t think so. The main trouble is that this country spends more than it earns”.

16 August 2015

Sputnik International

http://sputniknews.com/europe/20150816/1025800458.html

Friday, 26 December 2014

China to Start Payments with Russia in National Currencies on 29 December

00 Chinese and American money. 26.12.14.jpg-large

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On Friday, the China Foreign Exchange Trade System (CFETS) reported that China would start swaps and forwards between the yuan and the national currencies of Russia, Malaysia, and New Zealand on 29 December. Earlier in December, Chinese Minister of Commerce Gao Hucheng claimed that China could increase the usage of Renminbi in trade with Russia amidst the Rouble’s depreciation, which falls in line with China’s intention to increase the usage of national currencies in international payments in order to weaken the USD’s dominance in global finance and promote payment in Renminbi as an alternative. In October, the Russian Central Bank and the People’s Bank of China reached a three-year agreement on currency swaps worth 150 billion Renminbi (1.23 trillion Roubles. 1.54 trillion INR. 24.09 billion USD. 28 billion CAD. 29.65 billion AUD. 19.74 billion Euros. 15.48 billion UK Pounds). Both Russian and the Chinese leaders repeatedly praised the decision, saying that it’d bring positive effects for the countries’ economies and currencies. The main benefits of mutual payments in national currencies are the absence of charges for the conversion of currencies, direct payments, and higher transparency in relations between the banks.

26 December 2014

Sputnik International

http://sputniknews.com/business/20141226/1016284341.html

See Also:

Sberbank Began Financing Letters of Credit in Chinese Yuan

Sunday, 1 December 2013

Moral Corruption Leads to Recession

01 Mammon

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Our world saw many economic crises. Between 1820 and 1929 alone, 13 crises seriously rocked the global economy. The financial crisis that began in the US economy in August 2007 and that later spread to all western economies turned into a major global economic crisis. At first, people thought it’d end very quickly, but over a six-year period, several countries went to the brink of bankruptcy. Our modern-day crisis is termed the “Great Recession”, and the world is literally in a state of helplessness. One shocking and disastrous result has been that there has been a sharp rise in the number of suicides in the wake of this recession. In the USA, for example, according to RT.com, they quoted the Centers for Disease Control as saying, “Suicide rates from 1999 to 2010 ‘increased significantly’ across all four geographic areas and in 39 states. The state of Wyoming recorded the highest increase in suicides with a 78.8 percent jump (31.1 per 100,000), whilst even the sunny state of Hawaii saw a 61.2 percent increase (21.9 per 100,000)”.

Many nations at the brink of ruin seek technical solutions such as printing paper money to ease the tidal wave of economic sufferings they face; yet, they’re unable to resolve them. The crisis continues, despite countries’ direct interventions. For example, the Bush administration recommended a 700 billion USD (23.22 trillion Roubles. 744 billion CAD. 768 billion AUD. 516 billion Euros. 428 billion UK Pounds) financial rescue package. The subsequent legislation gave the government wide authority to assume responsibility for those debts that financial institutions couldn’t repay. Many called it the largest financial rescue plan since the Great Depression of 1929. Clearly, neoliberal economic orthodoxy shaped today’s world and this opened the door to excessive greed, which leaves no room for spirituality. In such a system, the individual or economic unit/entity looks out for themselves, acting selfishly. People in this system live in a constant state of fear; they feel that they can’t trust anyone, knowing that others are just as selfish as they are.

This materialistic state of mind where everyone fights over resources, puts them in deep trouble, with them being none the wiser. It sets up a vicious circle of selfishness, fear, and greed, and in such an environment, positive creative abilities don’t fully bloom. Generosity, humanity, and spirituality suffer, as people can’t feed their soul with peace. Being depressed and in a state of fear all the time takes its toll. Feelings of love and gentleness toward others wither, whilst loneliness and negative feelings toward others rise. People are taught and deluded into thinking that living this way is the only option, and they think that they will be wealthier or be happier living this lifestyle, but in reality, they couldn’t be more wrong. When one starts acting in this way, the world starts striking back, as if taking revenge for not living love. Financial problems or health problems, losing one’s job or losing one’s family; things just start to go downhill and it might look like one could never get out from under that mess, hence, the rise in the number of suicides. People become further depressed, their health more compromised, so, the things they own will lose all meaning.

An attitude of survival of the fittest develops between people; animosity grows, fuelling hatred toward others. Deep fear of losing their investments, their cash savings, and livelihood drives people to horde assets, limiting the supply and speed of money circulating in the economy. This is one of the main reasons behind the stagnation. This view of crushing others, as people care for themselves alone, leads to a decrease in the amount of circulating currency. They don’t even consider acting selflessly, as they believe that the most important thing is their own interests, and making sacrifices would mean they’d lose or be viewed as weak. In order to end this tragedy in society, we must do away with the hatred that people feel for one another. Forgiveness, love, and compassion, derived from sound morality, needs to rise.

Spiritual and moral collapse leads to an appalling collapse of supply when people don’t live according to ethical principles. We no longer see the high levels of production we used to… aesthetics and arts suffer; in our time, we don’t find artists of the same calibre as Leonardo da Vinci, Michelangelo, or Raphael. We no longer produce famous composers such as Beethoven, Bach, or Chopin. Even scientists have lost the urge to make new discoveries; they content themselves with doing minor research around existing discoveries. They’re unable to make impressive discoveries. The economic crisis is like a bottomless pit. Beauty and prosperity can only appear with better morality and social ethics freeing us from selfishness and egoism. The awaited regeneration in the markets will come when we restore a spirit of coöperation, and the result would be wealth the like of which no one has ever seen before.

30 November 2013

Ece Koc

Arab News

http://www.arabnews.com/news/485686

Editor’s Note:

Let’s keep it simple. The Republican Party believes in Social Darwinism, NOT Christianity. It bows down before Almighty Mammon. That’s the long and the short of it… if you vote Republican, you vote for an ideology condemned by most responsible Christian leaders. Oh, you say that Evangelicals praise it to the skies? Ponder this… Evangelicals aren’t really Christians. Go to any of their services and you’ll see that it lacks any resemblance to a liturgy or a mass. In short, it ain’t Christian. If it doesn’t look Christian, if it doesn’t sound Christian, it isn’t Christian, and that’s that. The Eucharist is the centre of all true Christian liturgy… and if it’s missing on an ordinary Sunday, then, Christianity is missing, too.

Reflect on that, if you would…

BMD

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