- About 80 percent of Russia's reserve funds - more than
$64 billion - are being currently stored in foreign banks in the form of
the US Treasury liabilities and other "stocks." Russian money
is working for Americans. Saving money in someone else's pockets is a very
interesting thing to do. Do Kremlin officials know what is going to happen,
if they attempt to invest that money in Russia? It would be enough to recollect
the events of the year 1917. The world's largest country had a self-sufficient
economy and the richest gold reserve. The national currency was converted
on the base of the gold standard. As a result, the foreign capital started
developing the Russian national wealth very actively, and the golden money
started flowing abroad. Then the country experienced a "small"
revolution. Sly people advised the country's ruler to transfer gold reserves
to foreign banks to get out of harm's way. The interest was saved for six
years, then there was a world war, a "bigger" revolution, the
collapse of the state, the execution of the Tsar. Western banks simply
appropriated the Russian gold - towards the debt and their citizens' losses.
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- Is there a need to repeat history? A "small"
revolution in the form of the default took place in August of 1998. The
golden reserve has been taken abroad too. One shall assume, one should
prepare for a "bigger revolution" to happen. Probably, the affair
with five billion dollars will pale in comparison.
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- http://english.pravda.ru/main/18/89/358/10771_default.html
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