Reply With Quote
Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
"He's talkin' to his gut like it's a person!!" -me
"dumpster diving isn't professional." - angelatc
"You don't need a medical degree to spot obvious bullshit, that's actually a separate skill." -Scott Adams
"When you are divided, and angry, and controlled, you target those 'different' from you, not those responsible [controllers]" -Q
"Each of us must choose which course of action we should take: education, conventional political action, or even peaceful civil disobedience to bring about necessary changes. But let it not be said that we did nothing." - Ron Paul
"Paul said "the wave of the future" is a coalition of anti-authoritarian progressive Democrats and libertarian Republicans in Congress opposed to domestic surveillance, opposed to starting new wars and in favor of ending the so-called War on Drugs."
Link not taking to article but it is probably an older one when the price of oil collapsed and Russia was hit with sanctions over Ukraine. They were also spending a lot of money trying to prop up their currency which was falling in value. They wrote their budget assuming $80 a barrel for oil (their main source of revenue) and oil dropped below $50. Russia and the price of oil have since stabilized and their fund has actually been growing. The fund peaked at about $150 billion in 2008.Originally Posted by Swordsmyth
http://www.reuters.com/article/russi...-idUSR4N1EF00R
https://www.rt.com/business/373586-s...erve-fund-oil/Russia's Reserve Fund grows to $16.34 bln as of May 1
Reserve Fund increased slightly to $16.34 billion as of May 1 from $16.19 billion a month earlier, finance ministry data showed on Tuesday.
The size of the fund, accumulated over years of high oil prices, dropped sharply in late 2016 because of year-end budget spending, but it has stabilised in the last few months.
Its value also changes due to market fluctuations as its holdings are denominated in different currencies including dollars, euros and pounds sterling.
The fund may grow in size later this year as the finance ministry has started buying foreign currency for the country's fiscal buffers.
The finance ministry also said on Tuesday that the National Wealth Fund, which is designed to help balance the pension system, stood at $73.57 billion as of May 1 versus $73.33 billion as of April 1.
Russia could maintain its Reserve Fund with oil at $50
Current oil prices may help Russia avoid running out of reserves this year, Russian Finance Minister Anton Siluanov told reporters on the sidelines of the Gaidar international economic forum on Friday.
"Will we be able to maintain the Reserve Fund if oil prices stay at $50 per barrel,” he said, adding that will bring in around 1 trillion rubles ($16.8 billion) in extra revenue.
The oil price at $50 or above will also allow replenishing of the National Welfare Fund in 2017, he added.
Siluanov insists that revenue from the non-oil sector should be used to support economic and social development.
According to the minister, this year the country’s budget provides for the use of around 1.8 trillion rubles ($30.3 billion) from the Reserve Fund and the Welfare Fund.
Siluanov was echoed by Russian Minister of Economic Development Maxim Oreshkin who said the recovery of oil prices would reduce spending from the Reserve Fund.
“Considering the oil price growth early this year, we have an excellent opportunity to cut spending from the Reserve Fund and preserve it," said Oreshkin.
Russia drew up its 2017 budget using an assumed average crude oil price of $40 per barrel.
Last edited by Zippyjuan; 05-23-2017 at 11:17 AM.
Link is working for me, article dated:
May 19, 2017 | 14:44 GMT
Never attempt to teach a pig to sing; it wastes your time and annoys the pig.
Robert Heinlein
Give a man an inch and right away he thinks he's a ruler
Groucho Marx
I love mankind…it’s people I can’t stand.
Linus, from the Peanuts comic
You cannot have liberty without morality and morality without faith
Alexis de Torqueville
Those who fail to learn from the past are condemned to repeat it.
Those who learn from the past are condemned to watch everybody else repeat it
A Zero Hedge comment
It earlier gave "article not found" link. Now it is working. Stratfor isn't that reliable anyways.
Yeah, yeah. Of course!
So instead of asking what the article is about or trying to learn, you do your usual contrary posting?
Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members
Says a guy who just used RT as a source.
For those who prefer it to Reuters. I used them as well. Yeah, RT is Russian government propaganda arm.Says a guy who just used RT as a source.
Posting Permissions
Connect With Us