Chris, I didn't say the oligarghs did what they did to save Russia. All they did was lend the state (Yeltsin) money in return for shares as collateral. That's all I said. It was a stupid deal made in desperation.
Ed ----- Original Message ----- From: "Christoph Reuss" <[email protected]> To: <[email protected]> Sent: Tuesday, June 01, 2010 1:49 PM Subject: Re: [Futurework] [Ottawadissenters] Re: Sound money > Ed wrote: >> Chris, you mention the Russian oligarchs. It was a little more complex >> than >> the way you put it. I spent a month in Russia, mainly Moscow, in 1994, >> shortly after the collapse of Communism. It was chaos. Yeltsin was >> desperate: he had a country to run and yet there was no way he could tax. >> Ever so much of what went on in Russia at the time took place in the >> "underground economy" operated by "the Mafia". Printing money was one >> way >> to do the business of the state, but it was tremendously inflationary. >> Other schemes were tried, but nothing seemed to work. In the end, >> Yeltsin >> had to turn to well-to-do Russians with international connections -- the >> oligarchs. They agreed to get him money in return for collateral, shares >> in >> key national industries. The idea was that Yeltsin would fix the country >> up, make it productive, repay the oligarchs and get the shares back. > > Yeah right, the mega-thieves saved Russia! How absurd can neo-con spin > get? > > Soros played an important role in the collapse of Communism. Guess with > what > goal? To liberate the Russian people, or to reap money? > > And the same rip-off now happens in Western Europe, with increasing > privatization. You can't say that Switzerland is "chaos", can you? > We have the best-functioning public services, but they are being > privatized now to enrich a few oligarchs. The cave-men are taking > us back to medieval times... > > Chris > > > > > ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ > SpamWall: Mail to this addy is deleted unread unless it contains the > keyword > "igve". > > > _______________________________________________ > Futurework mailing list > [email protected] > https://lists.uwaterloo.ca/mailman/listinfo/futurework > _______________________________________________ Futurework mailing list [email protected] https://lists.uwaterloo.ca/mailman/listinfo/futurework
