Tag Archives: Moscow

US and EU boycotted SPIEF, but Putin will talk about it in a major speech on Friday

Russian Davos started yesterday, and Ushakov said high-level delegations from more than 40 nations were expected to come. 1,244 Russian and 265 foreign companies had confirmed they would be there, including China. Companies from US and EU were not on the list for the SPIEF.

The St.Petersburg International Economic Forum (SPIEF) is an annual Russian business event for the economic sector, which has been held in St.Petersburg since 1997, and under the auspices of the Russian President since 2005. They celebrate their 25th anniversary this year.

Each year, more than 10,000 people from over 120 different countries take part. The Forum brings together the chief executives of major Russian and international companies, heads of state, political leaders, prime ministers, deputy prime ministers, departmental ministers, and governors.

The key purpose of the Forum is to provide a practical tool for business, helping to overcome geographical and informational barriers dividing Russia and other countries. But the global financial elite has boycotted Russia and SPIEF, and isolated Moscow with sanctions over Russia`s actions in Ukraine.

The head of the American Chamber of Commerce in Russia along with French and Italian counterparts will speak at a session on Thursday called «Western Investors in Russia: New Reality.»

President Vladimir Putin will give a major speech on Friday. This is a speech we should pay attention to. He will be focusing on the international economic situation and Russia`s tasks in the near future, Yuri Ushakov said.

McDonald`s is out of business in Russia, and other Western companies are doing the same, while domestic corporations are rushing to take over businesses that are left behind in Russia. As we can see; globalization, as we know it, has ended.

New world order is on the way, with new opportunities in a new world.

I bet Putin will talk about that in his speech on Friday. A new way for Russia to make growth. The war seems to make the relationship with China better, but also the relationship with BRIC countries.

SWIFT banned Russia, but the Central Bank of Russia made its own, called SPFS (System for Transfer of Financial Messages). Russian equivalent of the SWIFT financial transfer system.

China did the same. They developed CIPS (Cros-Border Interbank Payment System), which processes payments in Chinese yuan. It has the potential to replace SWIFT.

The SWIFT ban on Russia has boosted the development of the non-US dollar and non-SWIFT transactions, including CIPS. It has also stimulated the e-yuan, which is China`s official digital currency. The development of the e-yuan is also a catalyst for CHIPS, and both will play an important role in the internationalization of the Chinese currency.

As we can see, Russia, China, and BRIC countries are on the way to developing their own system. If this continues, we will probably end up with two blocs; The West, and the rest.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Leave a comment

Filed under Politics

McDonald`s new name is Vkusno & Tochka

Historians do not fully agree on the starting and end of the «cold war», but the period is generally considered to span from the announcement of the Truman Doctrine on 12 March 1947 to the dissolution of the Soviet Union on 26 December 1991.

At the end of the cold war, corporations rushed into Russia and opened their businesses, and one of them was McDonald`s. They opened their first restaurant in Pushkin Square in Moscow on January 31, 1990. The same day they opened, thousands were lined up to try the new tasty burgers. And that ladies and gentlemen were synonymous with Capitalism, and its arrival symbolized Soviet Union`s impending demise. On May 16, 2022, McDonald`s announced that it was leaving Russia.

Photo by Rajesh TP on Pexels.com

Now, McDonald`s is selling all of its 850 restaurants in Russia after Vladimir Putin invaded Ukraine. After 80 years of socialism, people in Russia rushed to McDonald`s and the American culture. The new Western way of eating. But now people in Russia rush to the new Russian burgers at the new Russian fast-food chain called Vkusno & Tochka, which means «tasty and that`s it».

Founded by businessman Alexander Govor, who acquired all the restaurants for an undisclosed sum. But he said he paid «far lower than market price.» Govor has been a McDonald`s franchisee since 2015 when he agreed to open 20 restaurants through his business GiD LLC.

Govor also made a lot of money in mining and oil refining in Siberia. He made his wealth in the coal business as co-owner of the coal mining company Yuzhkuzbassugol, in his hometown of Novokuznetsk. He bought the mine together with Evraz during liberalization in the 1990s under President Boris Yeltsin.

Evraz bought out Govor from the company, and one of the owners is Russian billionaire Roman Abramovich (Chelsea FC).

When McDonald`s opened their first restaurant in Russia, it had this slogan: «If you can`t go to America, come to McDonald`s in Moscow.» That slogan is over and out, and in comes Vkusno & Tochka`s new slogan; «The name changes – love stays».

Most of the things in the restaurants are similar to McDonald`s. The same quality, and taste. The same equipment and the same double cheeseburgers. The difference is that most of the money goes to Russia. Not America anymore.

Many people in Russia wanted to take part in the opening of the new fast-food chain, and the rebranding marked a new era in Russia on Sunday last week. The last big mac has finally left Russia.

Govor will pay about 60,000 Russian McDonald`s employees for the next two years, according to the agreement with McDonald`s. In the same agreement, he also agreed to pay suppliers and landlords.

Govor`s company will invest 7 billion rubles ($125 million) into the new business in 2022.

By the way: McDonald`s has the right to buy back its restaurants within 15 years, but «they made it clear to me that they would not buy back», Govor said. Really?

The S&P 500 plummeted -by 3,88% on Monday, but shares of Mcdonald’s outperformed the market, jumped +0,39% and closed «only» $32 below its 52-week high at $271,15.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Leave a comment

Filed under Stocks

Nikita Khruschev gave Crimea to Ukraine for free in 1954

Vladimir Putin is doing exactly what Boris Johnson and Joe Biden are doing; «Building back better.» Putin is working very hard to fix all the problems that the communist Bolsheviks made during their revolution: October Revolution.

The Russian Revolution was a period of political and social revolution that took place in the former Russian Empire which began during World War I. The Bolsheviks killed the Royal family Romanov that has ruled Russia for 302 years.

This period saw Russia abolish its monarchy and adopt a socialist form of government following two successive revolutions and bloody civil war. This socialist revolution ended the Russian monarchy and Tsar Nicholas II abdicated and stepped down, ushering in a new government led by the Russian Duma (parliament) which became the Russian Provisional Government. This government was dominated by the interests of prominent capitalists, as well as the Russian nobility and aristocracy.


People were killed by The Provisional Government, with the support of Socialist-Revolutionary Party-Menshevik leaders of the All-Russian Executive Committee of the Soviets, in Petrograd in a peaceful demonstration.

During this chaotic period, there were frequent mutinies, protests, and strikes. Many socialist and other leftist political organizations were engaged in daily struggle and vied for influence within the Provisional Government and the Soviets.

One such faction was the Bolsheviks («Ones of the Majority») led by Vladimir Lenin. The Bolsheviks gained support by campaigning on a slogan of peace, land, and bread which promised to cease war with Germany, give land to the peasantry, and end the famine caused by Russia`s involvement in WWI. These slogans had a direct effect on the growing Bolshevik popularity.

Under pressure from German military offensives, the Bolsheviks soon relocated the national capital to Moscow. The Bolsheviks had secured a strong base of support within the Soviets and, as the supreme governing party, established their own government, the Russian Soviet Federative Socialist Republic (RSFSR).

The RSFSR began the process of reorganizing the former empire into the world`s first socialist state, to practice soviet democracy on a national and international scale.

The Great October Socialist Revolution under the Soviet Union, also known as the Bolshevik Revolution (1917 – 1923), almost destroyed Russia as we know it today. This is why Putin is working hard to restore what the Bolsheviks destroyed.

This is where the problems in Ukraine and Crimea start. it`s also called the Soviet-Ukrainian War, or Ukrainian Civil War, which is the term commonly used in post-Soviet Ukraine for the events taking place between 1917 – 1921, nowadays regarded essentially as a war between the Ukrainian People`s Republic and the Bolsheviks. The war ensued soon after the October Revolution when Lenin dispatched Antonov`s expeditionary group to Ukraine and Southern Russia.

Soviet historical tradition viewed it as an occupation of Ukraine by military forces of Western and Central Europe, including the Polish Republic`s military, the Bolshevik victory constituting Ukraine`s liberation from these forces.

Conversely, modern Ukrainian historians consider it a failed war of independence by the Ukrainian People`s Republic against the Bolsheviks.

In Soviet historiography and terminology, the armed conflict is depicted as part of the greater Russian Civil War in Ukraine, this war was fought between the national government and the Bolshevik government (led by Lenin).

The war may be divided into three phases:

  1. December 1917 – April 1918: Revolutionary days, Bolshevik uprisings, invasion of the Red Guards formations, signing of protectorate treaty, and liberation from bolsheviks.
  2. December 1918 – December 1919: Civil war in Ukraine, invasion of the Red Army, unification of Ukraine, anti-Soviet peasant uprisings, Denikin’s Volunteer Army and the Allied intervention, loss of West Ukraine to Poland.
  3. Spring 1920 – Autumn 1921: Polish-Soviet War (Treaty of Warsaw), Russian Civil War (between Bolsheviks armies and the armed Forces of South Russia), Ukrainian guerrilla operations (First and Second Winter Campaigns), government in exile.

In October 1917 the government of Ukraine denounced the Bolshevis’ armed revolt and declared it would decisively fight against any attempted coup in Ukraine. The Kyiv Military District command tried to prevent a Bolshevik coup, leading to street fights and eventually surrendering of pro-Bolshevik troops in the city.

On November 20, 1917, the Rada declared Ukraine the Ukrainian People`s Republic as an autonomous part of the Russian Republic and scheduled on January 9, 1918, elections to a Ukrainian Constituent Assembly.

The Russo-Ukrainian War is an ongoing war primarily involving Russia, Belarus, and pro-Russian forces on one side, and Ukraine on the other. The war we see today isn`t a new one. It has been going on since February 2014 in the wake of the Revolution of Dignity and focused on the status of Crimea and parts of the Donbas, which are internationally recognized as part of Ukraine.

Nikita Khruschev gave Crimea to Ukraine for free in 1954. That transfer was illegal under Soviet law and violated both the Constitution of the Soviet Union and the Constitution of the Russian Soviet Federative Socialist Republic. This is how Putin and Russia now are building back better.

They want to have Crimea and Ukraine back again because it has been a part of Russia. How legitimate is it that Crimea is given to Ukraine by a drunken Nikita Khruschev? It is also given to Ukraine that is also stolen during the Bolshevik revolution in 1917. The communists have done so damage to Russia, and Putin is trying to fix it. By diplomatic solutions or by war and bombs.

In a speech live on TV, on 24 February, Putin said; «The goal is to protect people who have been subjected to bullying and genocide by the Kyiv regime for eight years. And for this, we will strive for the demilitarisation and denazification of Ukraine, as well as bringing to justice those who committed numerous, bloody crimes against civilians, including citizens of the Russian Federation.»

Volodymyr Zelenskyy is the first Jewish President of Ukraine. He is a former actor and comedian. Another puppet on the scene with a lot of neo-Nazis hiding behind the scenes. A trick to make people blindsided.

Zelenskyy is a populist. He has also positioned himself as an anti-establishment, and anti-corruption figure. He became a President in 2019, promised to end Ukraine`s protracted conflict with Russia as part of his presidential campaign, and attempted to engage in dialogue with Russian President Vladimir Putin.

The US government has alluded to intelligence indicating that the Kremlin is preparing lists of Ukrainians to be killed or put in camps. The alleged lists include journalists.

So, what Putin is talking about is what NATO and the West don`t want to talk about; Azov Battalion, which is a group of a neo-Nazi unit of the National Guard of Ukraine. Azov initially formed as a volunteer militia on 5 May 2014 during the Odessa clashes. On 12 November 2014, Azov was incorporated into the National Guard of Ukraine, and since then all members are contract soldiers serving in the National Guard of Ukraine.

According to The Daily Telegraph, the Azov Battalion`s extremist politics and professional English social media pages have attracted foreign fighters, including people from Brazil, Italy, the United Kingdom, France, the United States, Greece, Scandinavia, Spain, Slovakia, Czech Republic, and Russia.

About 50 Russian nationals are members of the Azov regiment. The group has used Facebook to recruit far-right individuals from other countries within Europe. In 2019, under Facebook`s Dangerous Individuals and Organizations policy, support for the group was not allowed, although this was temporarily relaxed during the 2022 Russian invasion of Ukraine.

Reports published by the Office of the United Nations High Commissioner for Human Rights (OHCHR) have connected the Azov Battalion to war crimes such as mass looting, unlawful detention, and torture.

An OHCHR report from March 2016 stated that the organization had «collected detailed information about the conduct of hostilities by Ukrainian armed forces and the Azov regiment in and around Shyrockyne from the summer of 2014 to date.

Mass looting of civilians’ homes was documented, as well as targeting of civilian areas between September 2014 and February 2015.

MSM doesn`t talk about this. What they talk about is people supporting Ukraine and that some people are moving to Ukraine to join the Nazi forces. We also see that many countries like Germany are supporting Ukraine with weapons.

This war is also a war against the European globalists.

The U.K is out of the EU with a Brexit slam dunk, and PM Boris Johnson is building back better. Biden is also building back better, but what happens if the U.S is pulling out as a leader from the West? If so, and Europe is building its own weapon arsenal, then this world will become even more dangerous, and Europe will be changed forever.

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shinybull.com. The author has made every effort to ensure the accuracy of the information provided; however, neither Shinybull.com nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities, or other financial instruments. Shinybull.com and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

Leave a comment

Filed under Politics

The European Union rose “only” 0,4 percent in Q1 of 2018

Last week I talked about America`s fantastic growth of 4,1 percent on quarter in Q2 of 2018, and this is only the beginning. It is no doubt; President Trump must be doing something right. But, what about the European Union?

GDP in the European Union rose «only» 0,4 percent on quarter in the first three months of 2018. Not much to write home about. But the growth have never been above 1 percent since the financial crisis in 2008.

The European Union reached an all time high of 1,30 percent in 1999 and that is right before the tech bubble burst. Since then it has been a dead fish, reaching an all time low of -2,60 percent in the first quarter of 2009.

At the same time we can see that the unemployment rate reached a record low of 6,80 percent in February of 2008, and that`s right before the financial crisis. It reached an all time high of 11 percent in February 2013, but in May this year it fall down to 7 percent again.

This isn`t good enough if we are living in a capitalistic world.

The European Union in Brussels are nothing more than unelected bureaucrats. Draghi and the ECB have, just like Japan and the U.S «printed» a lot of money, and will continue to do so. If they can`t turn around the ship, they need to consider a strong cheerleader.

European Commission President Jean-Claude Juncker had a meeting with President Trump last week. They were talking about trade, free trade and tariffs. Mr Trump`s goal is to make better deals so both the U.S and the EU can take more profit and prosper.

I think that the EU should be glad for that and they need to hurry up. The U.S is the world`s third biggest exporter, yet exports account «only» for 13 percent on GDP. Exports in the U.S reached an all time high of 215328 USD million in May this year, which is pretty impressive.

The EU has 28 member states and the biggest among them all is Germany (21 percent of total GDP), the United Kingdom (15 percent), and France (15 percent).

Exports of goods and services account for 46 percent of GDP while imports account for 42 percent, adding 4 percent of total GDP. But this is about to change. If the UK contribute with 15 percent of the total GDP in the EU, then what will happen to their growth after Brexit?

That being said; nor is the UK a success story. The British economy grew by 0,1 percent in the first three months of 2018 and well below 0,4 percent in the previous period. It is the lowest growth rate since a 0,1 percent contraction in Q4 2012.

The largest contribution to growth in the UK was from household spending at 0,2 percentage points. From the production side, the service industries made the largest contribution to GDP growth, followed by production.

Agriculture, the smallest component within the output approach of GDP made no contribution to growth to one decimal place, while construction deducted from GDP growth. The service industries increased by 0,3 percent.

Positive growth was recorded within all sub-sectors of the services industries; distribution, hotels and restaurants (0,1 percent vs -0,1 percent).

President Trump have repeatedly said that the EU have treated the US very bad. I have written many articles about that long before Mr Trump`s inauguration. The European Commission has fined Google €4,34 billion for breaching EU antitrust rules this month.

In May 2009, Intel was imposed with a 1,06 billion euro fined for abusing its market dominance on central processing units. Microsoft has been in trouble with the Commission on several occasions. In 2004, the Commission ruled that Microsoft had abused its market dominance.

In 208, the Commission fined Microsoft nearly 900 million euros for charging «unreasonable» royalty fees. In 2013, another fine of 561 million euros was imposed on Microsoft. This time for failing to comply with the Commission`s ruling that it had to allow users to more easily choose a prefered web browser.

The European Commission fined Facebook for 110 million euros in May this year in relation to its takeover of WhatsApp. Facebook acquired the messaging service in 2014 for $19 billion, but provided the Commission with misleading information about the acquisition.

In August 2016, the Commission ruled that tech giant Apple had received illegal tax benefits from Ireland worth up to 13 billion euros. Ireland was ordered to recover the unpaid tax from Apple, plus interest.

As early as 1966, British Politician Tony Benn said that «Communism run by commissars from Moscow did not work, and nor will capitalism run by commissioners in Brussels. Both deny people their right to develop in their own way.»

Now, under President Donald Trump, big companies like Apple are moving home to the United States with billions of dollars. Apple alone, are bringing in $230 billion. They will build new plants and a magnificent campus.

They will spend their money wisely and the money will be in the U.S. All this is possible because of Trump`s tax cuts and reforms. This is how you make growth.

 

 

Leave a comment

Filed under Politics