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Russian Duma mulling reintroducing the infamous USSR Food Stamps to alleviate poverty


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Posted
44 minutes ago, VBer said:

That’s why you see so many Russians in tourist places nowadays. They out of food there and flying to  Thailand in hope to get something to eat.

 

The plan to reintroduce food stamps has been announced in Russian news outlets and is supported by the pro-Putin head of the State Duma Committee on Financial Markets, Anatoly Aksakov.

 

Do you really believe that Russian outlets are full of BS and pro-Putin Duma members have no clue of what they talk about? Well, I strongly agree with you.

 

 

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Posted

Yesterday I saw them starving in Silom restaurant. They barely held utensils over lobsters and king shrimps. Some dude brought a bottle of red wine, obviously it was empty, just to tease them.


Meanwhile, in Sheraton ...

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Posted
7 hours ago, VBer said:

How did you knew that their wine was cheap?

 

For the same reason I know your question should have been written "How did you know that their wine was cheap?" to be grammatically correct.

 

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Posted
2 hours ago, AndreasHG said:

your question should have been written

Okay, I will rewrite it. How did you know that their wine was cheap?

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Posted

Young under 30s still here, they just became invisible under the flock of low-quality tourists.

Actually it shows that economy doing well if low-class people are able to afford holiday here. For me I also don’t like the level of newcomers. Something like this was in 2013, and after the collapse of rouble in the 2014 all those low-class gone with only pleasant russian people left. I’m pretty sure that current situation will not stay long and the meltdown of economy will send these people back with mostly educated well-mannered Russians left.

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Posted

World Bank Poverty Outlook for Russia : October 2024:
 https://documents.worldbank.org/en/publication/documents-reports/documentdetail/099829310162421721/idu139cc068e1392a1497e1ba221287858c23786

 

Reuters: "Poverty level in Russia dropped to 9.3% in 2023"

https://www.reuters.com/world/europe/poverty-level-russia-dropped-93-2023-says-statistics-service-2024-03-06/

 

I am bewildered why fighting poverty [successfully so, it seems] can be regarded as proof of a declining economy.

 

The global economy was already stressed before half-baked politicians - serving themselves and vested interests, and backed by MSM-deluded members of the public - stressed it further.  With a "pandemic" and proxy wars.

 

People would do well to study economic data, including those from official, pro-western sources, before jumping to conclusions about Russia's economic demise.

 

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Posted
On 12/22/2024 at 10:57 PM, AndreasHG said:

 

Obviously, there are many Russians who profit from the war and become rich from it. Those who can still afford a holiday in Thailand. The lucky ones who can afford to feast on lobsters and wine, despite the fact that the ruble has lost 10% of its value against the dollar in a year, and those who still have access to foreign currency. 

These people are not sent to die on the battlefields in Ukraine, and they certainly do not need food stamps to survive.


By the way, true Russian oligarchs, unlike the humble, uneducated and yet enriched Russian commoners and plebeians you enjoy observing, only pair white Burgundy with their Maine lobsters. They would never spoil their Maine lobsters with a cheap, light-bodied red wine.
 

Food stamps are intended for those Russians tightening their belts due to Putin's criminal war. Pensioners, government employees such as teachers, doctors, law enforcement, etc. are among the hardest hit by inflation because their wages and benefits are tied to the official inflation rate.

And with the central bank benchmark interest rate at 21%, it is childish to believe that the real inflation stands only at 9%, as the official data suggest. Independent assessments put the inflation closer to 15-16% (with the interesting result that the Russian GDP may not be growing at all, contrary to what the regime would like us to believe).

 

Instead of wasting your time spying on Russians feasting on lobsters and cheap red wine, you'd better spend more time reading, studying and staying informed. Just saying.

 

 

I read that the ruble has lost 21% in the last year, just saying.

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Posted
58 minutes ago, ericbj said:

World Bank Poverty Outlook for Russia : October 2024

Since you are in the mood of studying some data, you can read this interesting article about the quality of the Russian official data (the same used by the World Bank): Poverty and its lines: How the state is manipulating the numbers 

 

Or this study published by the Swedish Government: Poverty and its lines: How the state is manipulating the numbers 

 

And if you prefer to read a brief explanation of the Swedish researchers' findings, you may read this: Russian economy growing fast during war? Swedish economists beg to differ 

 

Based on data from the Russian independent economic research center ROMIR, the real cumulative inflation recorded in Russia from the start of the war is 87%, vs the official Rosstat data of "only 27.1%". By applying the 87% deflator (instead of the official one) to the Russian nominal GDP growth, the result is that the average 3.6 percent real GDP growth since the beginning of the war, turns into a decline of 8.7 percent.

 

Interestingly, Rosstat has never disputed the accuracy of the inflation data published by ROMIR. From November 2024 ROMIR is simply prohibited from publishing any inflation index, under penalty of prison and hefty fines. 

 

Economic data has always been manipulated as part of war propaganda, because naive people tend to believe it, despite the evidence pointing in a different direction. And our evidence is the key interest rate applied by the Russian Central Bank which, at 21%, is incompatible with an 8.5-9% inflation. Inflation must be higher to justify this rate.

 

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Posted
11 hours ago, VBer said:

Rouble lost 8% against the USD for the least year.

 

Against the USD, the Ruble lost 7.62% of its value compared to one year ago, 30.0% compared to two years ago, 38% compared to five years ago, and 42% compared to 10 years ago.

Since the beginning of the war (February 24, 2022) the Ruble lost 23.0% of its value against the USD, 16% against the THB, 13% against the Euro, 7.1% against the Indian Rupee and 6.5% against the Yuan.

 

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