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Author Topic: CNBC "The Russian Gamble"  (Read 1160 times)

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Offline Jinx

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CNBC "The Russian Gamble"
« on: December 11, 2008, 10:02:57 PM »
This program is airing now (7 p.m. pacific), looks very interesting. All about Russian economy and if it will survive. I will watch and post after.
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Offline Jinx

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Re: CNBC "The Russian Gamble"
« Reply #1 on: December 12, 2008, 02:10:42 AM »
 Ok, it was interesting but I was sleepy and knocked out about 40 min. in  :Zzzzsleep: It couldn't be helped.

 From what I saw all the richest people in Russia are connected to the government (big surprise) and that the government could soon be in trouble because their whole budget was based on oil not going lower than $70 a barrel, and I think it's currently going for $40 and dropping!  :o

 There were a lot of other informative interviews and descriptions of life in the current Russian economy and warnings of what might happen in the future. The complete mistrust of the banking system was confirmed...most people have either pulled out all their money or have lost it, depending on the bank I guess ???

 The Russian "live for today" mentality seems to be in full effect as people pull their money out of the banks they are buying flat screens and computers instead of saving for a rainy day. Should keep the economy going for a little while longer, until that money runs out.  :duh:

 I'm not sure if this is a new ongoing series or a one time deal, but it was a good program, and the host was pretty hot too.  I plan to watch the last 20 min. that I missed during sleepy time later on.  :)

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Online 2tallbill

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Re: CNBC "The Russian Gamble"
« Reply #2 on: December 12, 2008, 12:41:48 PM »
Quote from: Jinx on December 12, 2008, 02:10:42 AM
Ok, it was interesting but I was sleepy and knocked out about 40 min. in  :Zzzzsleep: It couldn't be helped.


What no TIVO ?  :laugh:

Some cub reporter you turned out to be  :chuckle:
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Go on, give being 'nice Andrew' a spin? You know you want to.  Manny

Offline Jinx

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Re: CNBC "The Russian Gamble"
« Reply #3 on: December 12, 2008, 05:42:10 PM »
Quote from: 2tallbill on December 12, 2008, 12:41:48 PM
Quote from: Jinx on December 12, 2008, 02:10:42 AM
Ok, it was interesting but I was sleepy and knocked out about 40 min. in  :Zzzzsleep: It couldn't be helped.


What no TIVO ?  :laugh:

Some cub reporter you turned out to be  :chuckle:

 Well, it wasn't the material that put me to sleep...you know how it is, cold outside, relaxing on the couch with a warm blanket...and.... :Zzzzsleep:    :chuckle:

 Nope, no Tivo, but I did get my satellite upgraded from Directv to HD. It's awesome seeing all the local channels and many others in HD now. I used to only get 5 HD channels now I get like 70!  :party0031:
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Offline mje

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Re: CNBC "The Russian Gamble"
« Reply #4 on: December 13, 2008, 04:33:03 AM »
Hmm. If you translate this to Cyrillic, it could spell "Sivs" which is a cute name for civilazation, a very popular computer game about building your own empire.... hehehe :)


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Offline Jinx

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Re: CNBC "The Russian Gamble"
« Reply #5 on: December 13, 2008, 12:49:30 PM »
 ahh I get it  CNBC = CIVS  :reading:  I have that game, I'm usually Russia and sometimes America  ;D  I love strategy games, even old school ones like chess  :king:
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Offline GreyScales

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Re: CNBC "The Russian Gamble"
« Reply #6 on: January 21, 2009, 11:16:14 PM »
CNBC has a web site devoted to the topic.  It's at:  http://www.cnbc.com/id/27803547/

I did a quick search to see if CNBC posted the original video, and am uncertain if I've found it.  It is interesting to see the way every country is reacting to the current global financial "crisis"...

GS
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Offline cufflinks

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Re: CNBC "The Russian Gamble"
« Reply #7 on: January 22, 2009, 12:38:06 AM »
Interesting video even though the Money Honey had a hostile attitude towards Russia:

http://www.cnbc.com/id/15840232?video=1008150014&play=1

Whereas Oconnor of the 3rd Millenium Russia Fund was very upbeat - good companies - good margins - Russia essentially on sale - so BUY!
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Offline WestCoast

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Re: CNBC "The Russian Gamble"
« Reply #8 on: January 22, 2009, 12:52:31 AM »
Quote from: cufflinks on January 22, 2009, 12:38:06 AM
Interesting video even though the Money Honey had a hostile attitude towards Russia:

http://www.cnbc.com/id/15840232?video=1008150014&play=1

Whereas Oconnor of the 3rd Millenium Russia Fund was very upbeat - good companies - good margins - Russia essentially on sale - so BUY!

cufflinks you think if the Kremlin gets its way, and I don't see how they are not going to, that there will be anything left to buy in the fund in the future.  If we buy the fund now what happens when the companies are merged and nationalized by the Kremlin?  Do you really think that 3rd Millenium Russia Fund shareholders will be adequately compensated?  If you don't trust the American government to run AIG how could you possibly trust the Russian government to run a Russian mega conglomerate?  Who do you think would see most of the money?  Putin ring a bell?
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Offline cufflinks

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Re: CNBC "The Russian Gamble"
« Reply #9 on: January 22, 2009, 01:40:15 PM »
At a time when the USA is giving Canada a socialist run for the money by Nationalizing FNMA, Freddie Mac Sallie Mae and Ginnie Mae, the Biggest Banks, the Wall Street leviathans and the Auto Industry I fail to see where pointing the finger of conspiracy at Russia to take the spotlight off of our own problems does any good. 

Shoot the messenger if you like but this guy O'Connor was very upbeat and positive.  He has direct Kremlin access and all my reading says that the Kremlin does not intend to nationalize 100% of all industries but to step up the Russia Inc. model as a public private partnership which creates an environment for success for Russian Businesses while insuring the Russian Government and People participate equally because we all know how many folks love to pay their taxes in Russia and in fact DO NOT.

Every government needs to insure a cash flow to protect and serve its Citizens - Russia Inc., has taken the public private approach to both capture and focus the energy of the Oligarchs for the good of Russia and not for the benefit of some Swiss, Lichtenstein, Singapore or Cayman Island bankers while they the Oiligarchs bask in Riviera Sunshine.

Case in Point - Roman Abramovich was allowed to keep 30% of his oil company and sold 70% to Gazprom for $13 Billion USD - he still owns his Chelsea Soccer Club, His London and French Riviera Manses and his fleet of Yachts and his Swiss Bank Accounts - in return he accepted appointment to a Siberian Oblast Governorship where he was "encouraged" to use his considerable business skills to the benefit of the Russian People - anyone who doubts Vladimir Putin's love of Mother Russia and his Russian people is foolish.  Clearly he studied at the schools of Sun Tsu, Niccolo Machiavelli and Ronald Reagan and believes in peace through economic and military strength - Not unlike the Red Army Communist Chinese government who we have turned our entire manufacturing base over to. :smokin:

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Offline cufflinks

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Re: CNBC "The Russian Gamble"
« Reply #10 on: January 22, 2009, 01:52:10 PM »
Ironically this works to O'Conners third millennium funds long term favor - the less stock available in public float - the greater the demand and the bigger the returns O'Connor can earn on his funds shares.  BRILLIANT to quote our Brit friends - not too bad for a Yank Irishman if you ask me!

So while the UK and its Commonwealth Companies (Canada, OZ, NZ, African Colonies) are being kicked out over all their PC screaming for a UK like open society in Russia - Russia is keeping Russia for the Russians and one smart Yank who knows how keep his mouth shut is positioned to make a fortune for his investors.

Also after the Russians saw how ruinous Goldman Sacks and JP Morgan oil price manipulation can be - imagine trying that trick in Moscow with Russia Inc., sitting at your table. 

Creating bubbles helps no one - supplying solutions to long term demand problems makes you rich.

If you are able to look at it objectively without magic sunshine happy talk PC rose colored glasses - Russia, Inc. makes a lot of sense IMHO.
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Offline GreyScales

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Re: CNBC "The Russian Gamble"
« Reply #11 on: January 22, 2009, 03:07:18 PM »
The bad part, IMHO, about the USA attempting to duplicate Russia, inc. is the amount of political meddling politicians will attempt - especially if the meddling favors them!

Now...  I'm not foolish enough to think ANY federally run conglomerate is going to be immune to political influence!  I think everyone "knows" many of the Red Army based businesses are really run by the Red Army.  But...  I've noticed a great many business people who simply "look the other way."  And to me, this is sad!  (Anyone really looked at who "owns" the Naval ships the US sold Taiwan? )

Everyone knows, I think..., that Russia Inc. is run by bureaucrats - in one form or fashion.  Or more properly worded, it's run by the central planners.  The difference attempting to do this in the USA is, far too many capitalist businesses exist that can accomplish the same thing(s) being added to USA inc., if only the government would get out of the way.  I don't see the critics in the US ignoring the poor performance of bureaucrats, and given some are VERY vocal in the "right wing media" - the criticisms won't go away easily.

I personally agree with the governmental model Ronald Regan wanted to implement - Less Government at all levels, stronger families and family/community ties.  Russia has the family/community part pretty solid - from what I've seen and read.  If they could ever figure out how to remove all of the central planning bureaucracy, I think they'd quickly become a serious powerhouse in the world!  But they have to remove that centralization without creating more oligarchs - IMHO :)

GS
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