Jump to content
House Price Crash Forum
copydude

Russia Gets It Right

Recommended Posts

The Bank of Moscow has just received a 14bn bailout.

This followed the new owners discovering a 9bn black hole in the books.

It's chairman, however, has not been retired on a Freddie Goodwin style pension.

Alexei Kudrin, the Russian finance minister, on Friday accused the bank’s former management, led by Andrei Borodin, a close ally of ousted Moscow mayor Yury Luzhkov, of mismanagement and called for criminal investigations into asset siphoning in Russia and abroad.

Mr Borodin, in a statement from London where he fled after Russia launched a criminal probe - said he was shocked by the size of the bail-out. He said the takeover by VTB was political.

In the heady, Yeltsin days of gangster capitalism, businessmen were regular victims of drive-by shootings. I remember in 1999 the largest category were bankers . . . about 90 of them. This seems like the kind of regulation the industry needs.

Banks function little better in Russia, but there is no pretence that banksters are not crooks and survive on a short fuse.

Something else worth noting in this article is that Borodin fled to Londongrad, where banksters and gangsters are always welcome. Probably Borodin will be given asylum on human rights grounds like Boris Berezovsky, (who was represented by Cherie Blair's chambers.)

Share this post


Link to post
Share on other sites

In the heady, Yeltsin days of gangster capitalism, businessmen were regular victims of drive-by shootings. I remember in 1999 the largest category were bankers . . . about 90 of them. This seems like the kind of regulation the industry needs.

Yeah that worked out real well didn't it?

Share this post


Link to post
Share on other sites
Yeah that worked out real well didn't it?

It did, Russians had their hyperinflation and their hard reset in 1995 and around 00 when they went hyper. This cleared their old debts and allowed them to start a new.

While we keep on shambling along like zombies instead of just taking the hard reset letting bond holders take a massive haircut.

Share this post


Link to post
Share on other sites

It did, Russians had their hyperinflation and their hard reset in 1995 and around 00 when they went hyper. This cleared their old debts and allowed them to start a new.

While we keep on shambling along like zombies instead of just taking the hard reset letting bond holders take a massive haircut.

I do agree we need to take radical action, but not through hyperinflation. A lot of bond holders are UK pension schemes, so this wouldn't be a free lunch. Hyperinflation would punish savers when debtors should be first up, along with the people who loaned them the money without due diligence.

Brown should have let the banks fail, protected deposits and let investors take the hit. Then put up rates a bit to let things come out in the wash. This would also have sorted out the house price mess.

Share this post


Link to post
Share on other sites

Brown should have let the banks fail, protected deposits and let investors take the hit. Then put up rates a bit to let things come out in the wash.

But politicians are always in cahoots with the banksters, aren't they?

The great '99 money laundering scandal wasn't just about money siphoned off from Russia. It was about IMF money and Food Aid money getting diverted before it ever reached Russia. It was kind of waylaid, en route, from London via Switzerland. That can't happen without high-level help.

Think all that bailout money will reach Greece without a few Euro missing?

Flashback to 99

THE MULTI-BILLION dollar Russian money laundering scandal was widening last night.

The affair began with reports that up to $15bn was reportedly funnelled through the Bank of New York. Funds from the $1bn food aid programme to Russia may have been diverted, Among the accounts being checked by investigators are those held at a growing number of banks, including UBS AG and Credit Suisse Group.

There was also a growing mystery surrounding Lucy Edwards, the senior official at the Bank of New York's London office in charge of eastern European operations. Ms Edwards, who reportedly had authority over some of the suspect accounts, was fired by the bank late on Friday night for "alleged gross misconduct, violations of the bank's internal policies, falsification of bank records, and failure to co-operate".

The husband of another suspended Bank of New York official, Natasha Kagalovsky, is Konstantin Kagalovsky. Mr Kagalovsky was Russia's representative to the IMF from 1992 to 1995. He is now vice president of Russian oil giant Yukos. The couple issued a statement on Thursday denying any wrongdoing.

Think this happened on Gordon's watch over the City.

Share this post


Link to post
Share on other sites

Something else worth noting in this article is that Borodin fled to Londongrad, where banksters and gangsters are always welcome. Probably Borodin will be given asylum on human rights grounds like Boris Berezovsky, (who was represented by Cherie Blair's chambers.)

"In David Cameron we have a leader whose job is to quietly legitimise a semi-criminal, money-laundering economy"

http://www.guardian.co.uk/commentisfree/2011/feb/07/tax-city-heist-of-century

"Britain will make it easier for wealthy individuals to immigrate, the home secretary has said, in a policy that aims to promote the UK as the destination of choice for rich foreigners seeking a new home. Theresa May said on Tuesday that she would exempt high-net-worth investors and entrepreneurs gangsters and despots from the government’s new cap on non-European migration, to be introduced in April. "

http://www.ft.com/cms/s/0/a81d2cde-f706-11df-8feb-00144feab49a.html

Theresa May "Please bring your proceeds of crime to the UK we need the money - it doesn't matter where you got it from. We are just as corrupt as you."

Share this post


Link to post
Share on other sites

"In David Cameron we have a leader whose job is to quietly legitimise a semi-criminal, money-laundering economy"

http://www.guardian.co.uk/commentisfree/2011/feb/07/tax-city-heist-of-century

"Britain will make it easier for wealthy individuals to immigrate, the home secretary has said, in a policy that aims to promote the UK as the destination of choice for rich foreigners seeking a new home. Theresa May said on Tuesday that she would exempt high-net-worth investors and entrepreneurs gangsters and despots from the government’s new cap on non-European migration, to be introduced in April. "

http://www.ft.com/cms/s/0/a81d2cde-f706-11df-8feb-00144feab49a.html

Theresa May "Please bring your proceeds of crime to the UK we need the money - it doesn't matter where you got it from. We are just as corrupt as you."

Oh, good link. So, no change of policy, then. New Labour had a tame high court judge who would give gangsters a British passport the next day.

Including this guy, you may remember:

Georgian billionaire, Badri Patarkatsishvili, 52, had claimed that he was the subject of a plot by his own Government to kill him, prompting Surrey Police to launch a crime investigation after, he collapsed at his £10 million house outside Leatherhead, in case his death was the result of an Alexander Litvinenko-style assassination.

Share this post


Link to post
Share on other sites
<br />But politicians are always in cahoots with the banksters, aren't they? <br /><br />The great '99 money laundering scandal wasn't just about money siphoned off from Russia. It was about IMF money and Food Aid money getting diverted before it ever reached Russia. It was kind of waylaid, en route, from London via Switzerland. That can't happen without high-level help.<br /><br />Think all that bailout money will reach Greece without a few Euro missing?<br /><br /><a href='http://www.independent.co.uk/news/banking-scandal-engulfs-europe-1118106.html' class='bbc_url' title='' rel='nofollow'>Flashback to 99 Think this happened on Gordon's watch over the City.

Another rip-off 'they' set up was the 'pyramid' scam of the ERM (anagram of 'Mer' "The Egyptians called the pyramids mer, a word whose etymology is debated") orchestrated by NORman Lamont etc vs the markets causing a transfer of UK wealth to a pre-warned 'few' - it was a complete setup by all parties to cheat the UK population out of their c_ASH >>>

"Walters claimed that the Exchange Rate Mechanism was "half baked""

- a City 'witty' reference again to pyramid! Pyramid” comes from the Greek word pyramis, a type of wheat cake shaped like a pyramid."

The top Masons have a pure hatred of us (along with their 'hidden' faux-Jewish meisters at the top of their poisonous tree) ordinary proles who they arrogantly call "the Profane"

Along with "Give me control of a nation's money and I care not who makes her laws".

MAY-er AM-schel Ro-thschild (Lag-ASH eagle of scottish masons) ASHkenazi Jew etc & you can see the deceptive practices.

Ro-sicrucian(cian-ide) 'AM' accepted Mason 'May' is Masonic monthe of Mary/isis

George Soros,(JEW meister) the most high profile of the currency market investors, made over US$1 billion profit by short selling sterling. (three SSS words - triad mark of masons)

When the Nazis occupied Budapest in 1944, George Soros' father was a successful lawyer. He lived on an island in the Danube and liked to commute to work in a rowboat. But knowing there were problems ahead for the Jews, he decided to split his family up. He bought them forged papers and he bribed a government official to take 14-year-old George Soros in and swear that he was his Christian godson. But survival carried a heavy price tag. While hundreds of thousands of Hungarian Jews were being shipped off to the death camps, George Soros accompanied his phony godfather on his appointed rounds, confiscating property from the Jews.

"And you watched lots of people get shipped off to the death camps"

Mr. SOROS: Right. I was 14 years old. And I would say that that's WHEN MY CHARACTER was made.

Do you feel any guilt' - No.

In politics and economics, Black Wednesday refers to the events of 16 September 1992 when the British Conservative government was forced to withdraw the pound sterling from the European Exchange Rate Mechanism (ERM) after they were unable to keep sterling above its agreed lower limit. George Soros, the most high profile of the currency market investors, made over US$1 billion profit by short selling sterling.

In 1997 the UK Treasury estimated the cost of Black Wednesday at £3.4 billion, with the actual cost being £3.3(MASONS - 33degrees!) billion which was revealed in 2005 under the Freedom of Information Act

The trading losses in August and September were estimated at £800m, but the main loss to taxpayers arose because the devaluation could have made them a profit. The papers show that if the government had maintained $24bn foreign currency reserves and the pound had fallen by the same amount, the UK would have made a £2.4bn profit on sterling's devaluation

A functional group with a hydroxyl and cyanide bonded to the same carbon is called cyanohydrin, and cyanohydridins are hydrolyzed into hydrogen cyanide and a carbonyl compound

(ketone (Kerry Ketona) or aldehyde).

The word "cyanide" was extracted from "ferrocyanide", a cyanide derivative of IRON/NORI. The name "ferrocyanide" was invented as meaning "BLUE substance with iron", as ferrocyanides were first discovered as components of the intensely colored dye Prussian blue.(IRON cross)

(Symbolism + Masonic Teutonic Knight German/nazi link to 'selected' Jews being gassed by (IRON)ferro-cyanide)

Kyanos is Greek for "(dark) blue"

The higher degree masons who post on here regularly love to 'symbolically' post their 'blueprint' threads!

The deep-blue pigment Prussian blue, used in the making of blueprints, is derived from iron cyanide complexes (hence the name cyanide, from cyan, a shade of blue)

Cyanides are found, although in small amounts, in certain seeds and stones, e.g., 'THOSE OF THE APPLE'

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

  • Recently Browsing   0 members

    No registered users viewing this page.

  • 312 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.