Soros has measured out Russia three weeks

07 December 2017, 11:20 | Economy
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The American financier George Soros a year and a half ago predicted that in 2017. The Russian Federation expects an economic collapse, because against the backdrop of sanctions, the country will not have enough money to pay off foreign debt. Before the implementation of this prediction, there are three weeks, but it is already clear that the billionaire's forecast did not come true. According to Soros, the "Putin regime" can only be saved by the preventive destruction of the European Union through a massive migration crisis. Such considerations he shared in an article published in the British newspaper The Guardian. The oligarch insisted that the Kremlin is sending the Middle Eastern refugees to Europe (although Soros-sponsored organizations were engaged in supporting migrants in the EU countries). Therefore, "Putin is a more significant threat to the existence of Europe than the IG" (a terrorist organization that is banned in the Russian Federation), claimed the billionaire. Soros's forecasts for Russia did not come true for a number of reasons, RIA Novosti notes. Firstly, he did not take into account even the meager probability that Russia will not only be "stuck" in Syria, but also be able to defeat the Islamists as soon as possible. Thanks to this success, the Syrian crisis turned for Moscow from the problem into a source of additional revenues: the OPEC countries began to actively cooperate with our country on the reduction of oil production, despite the protests of Washington. The second error of Soros lies in the fact that he underestimated the Russian economy and the managerial talents of officials. He assumed that the Russian authorities would make several gross mistakes in monetary and budgetary policy, and also self-isolate from the world financial market, which would deal a devastating blow to Moscow's solvency. However, everything happened exactly the opposite: the gold and foreign currency reserves of the Russian Federation grew, as well as the demand of investors for Russian bonds. Interest in the domestic market has not lost and European business. The third mistake of the oligarch was that he thought that in Russia "the president's popularity is based on a social contract that requires the government to maintain financial stability and a slow but constant improvement in the standard of living".

They say that if Western sanctions and falling oil prices reduce the standard of living of Russians, they will overthrow Putin. That did not happen. For the citizens of the country, it was more valuable to fulfill the responsibility of the leadership to protect national interests from external threats and encroachments.

Thus, Soros was a bad predictor. He could not predict what scenario the events in the world would develop, and therefore his conclusion about the future of our country was not true.




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