The Russians need to know the author of this crisis is Putin.

Many compare December 2014 with the default of 1998. Have these events similarities and differences.

Total - sharp devaluation of the ruble. Devaluation-2014 amounted to 100% (the dollar was 32, has become more expensive 60), devaluation in 1998 was 300-400%.

There is one General point in 2014 and 1998 year: two crises are associated with a decrease in the price of oil. Only in ' 98 it was down to 8! dollars per barrel, and now the collapse of Putin's system occurred at 60!

This is how Putin was to bring the country that it was in the deepest crisis at 60 dollars?! It's like I had to steal and Rob?! Destroy the world around and a normal relationship?!

You can imagine these gentlemen at a price of 10-20?!

Their speech, the arrogance, the attitude of the people? It is the same. Pathetic nobodies they are already at 60 bucks, and at 20 they would be out of the Kremlin made.

Now the differences. In ' 98 there was a huge public debt - domestic and external - and because it was all over the Russian default, that is the government's failure to pay its debts.

In 2014, the debt is too huge - more than $ 700 billion, but it's basically the debts of the banks - more than 200 billion, and corporations 450 billion dollars. The government debt - 57 billion - a relatively small and the default state will not.

But a high probability of bankruptcy of banks and companies. The fact that their total debt is more than 650 billion, which is almost twice the reserves of the country. Today, the reserves amount to 350 billion

What does this mean? The only thing all of the money is not enough. Save will be elected. Elect Putin-Shechinah, Miller, kostenich. Will save Sberbank, to avoid revolution. Other banks and companies will be in the high risk zone.

The risk of bankruptcy.

So the default is not country, and corporate. High probability of collapse of banks and companies.

There is another difference between the 98-th, 14-th. The crisis of August of ' 98 had nothing to do with politics. The crisis was entirely due to economic reasons - low price of oil and a chronic budget deficit.

The present crisis is of a political nature. Crazy aggressive Putin's policies brought the country to isolation and sanctions. Exactly why everything is falling apart when quite expensive oil 60 bucks.

People need to know the author of this crisis. This Is Putin.

He bears personal responsibility for the collapse of the economy and Finance.

Oh, we have such a price in the 90's...

Russia would then be prosperous, free and democratic country...

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