Sergey Glazyev published a scathing critique of Russias Central Bank, which seems to be safely in the hands of neoliberalism and international oligarchy. Thats also Glazyevs basic argument. The study is in Russian and is very substantial (which means also somewhat long), which means that it also shows how thoroughly Glazyev knows what he is talking about. This is after all his main field of expertise. His study also reveals that the overall Russian debt (both public and private) is actually extensive--$ 650 billion (versus the foreign exchange reserves of $420 billion). The neoliberal Central Bank is basically working as a conduit for extracting wealth, resources, money, and savings from Russia abroad, while strangling credit and investment inside Russia. Moreover, this extraction of wealth is mainly financing and subsidizing Russias sworn enemies who are conducting not only a financial war against Russia, but now also a proxy war through Ukraine --Vladimir Suchan
Posted on: Sun, 30 Nov 2014 20:36:11 +0000
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