by the way, there are charges, by the way, i’ll tell you what will happen in their heads, to what extent are they predictable, this is how it is today, and what will happen again, we’ll say, in 3-5 years in these, in france, in britain, in that fool macron, there are some kind of nuclear germany, how is that? and here, probably, the challenge is quite serious, due to the complete inadequacy of the leadership that is at the helm, the next point, i... in particular, i’ll go into the deployment of medium-range missiles in germany for what? for destruction of our carriers of tactical nuclear weapons? they didn’t mess anything up there, why should we wait for medium- range missiles to fly in to destroy our carriers of tactical nuclear weapons? this is something i don’t understand at all. they were about to say: guys, the first missile will appear, our tactical one.

nuclear weapons will happily sweep away germany, my attitude towards the germans is normal, maybe, but i clearly understand that my grandfather and i fought, that you are looking at me, on the contrary, i clearly understand what they did here on the territory of that russia, which was called the soviet union, it gave us the full moral right to demolish them completely to zero, everyone from the least to the greatest, it gave us the moral,

well, the guy is already there, well, i thought at the age of probably about 50 years, he says , dear friend, in russian, many russians knew, we really want you to survive difficult times, we really want russia to be reborn, i still remember this, here i have it right here, i’m standing in front of the poles, i stopped by to the poles, what it is, yes, well, as usual that’s all, that’s what the germans said, are they there, no, i don’t know, but if the question is the survival of our country. for me , every russian person on our territory is dearer, regardless of nationality, this moment, everything else is deep on the side, probably, we should strive for this, then 100% victory will not just be a deputy, it will be nearby, right here nearby, we let's touch it, communications director of the igor arcommittee in paris, endskam apologized to those people whose feelings may have been hurt by certain scenes of the ceremony, there were certainly no intentions.

and the people who call say: how? how? it turns out that our economy is overheated? it turns out that our interest rate is the same, but how to produce it? how can i get loans and do something now? no way, how to open new factories? how to compete with the mighty west, which has a giant economy? and produce more and better so that it goes to the front, not in 5 years, but as quickly as possible. i can’t imagine there is a great patriotic war and the structure responsible for the monetary policy of the soviet union, they say: “no, no, the main thing is not to warm up the economy.” who is now the main factor warming up the economy? well, i serve the military-industrial complex. well, he is the fastest growing, well, everything is connected with him. then i just, i understand that elvira shepizadna, an outstanding professional, noted by everyone, she has a task, maybe someone will explain that now, well... the war is going

to the front, we need to supply it, i personally have nothing against nabiuli , i just want to understand how to build a system in which our military-industrial complex... will be able to compete when it is simultaneously being strangled by such lending rates? can you answer me, no, well, there is psb bank, which gives different rates, but the problem now is that in reality, in providing everything that is at the front, a gigantic number of companies are involved that do not have direct contracts with the ministry of defense, yes, yes -yes, that is, the so -called civilian military-industrial complex, and he too. suffers from this grief system. alexander mikhailovich, as an outstanding economist, please explain how to try all this on? how to try it on? i'll start with something else. that’s what you said, it’s me, i didn’t

see such a surge of negative ratings in the networks, even when a special military operation began and the rate also flew up, then people reacted with understanding. they saw that this was a natural reaction, they understood that this process was apparently short-term, but in general a lot of things were like that. yes, for us again, current actions, of course, ask a lot of questions, so let’s try to start with this, so we saw at the beginning of the program the speech of our supreme commander in chief, i am sure, clearly explains to us to our opponents, the state of our armed forces shows and suggests that there will be mirror measures in case of an inadequate attitude towards russia, but at least we...

happened on friday, more, we have exceeded half, 52% of the loans issued were issued at the so-called floating rate, that is , it is not a fixed rate, it is a rate that reacts to the discount rate of the central bank, and accordingly we understand that the term arose among

economists, it didn’t even arise, it was well discussed, excess interest, and there are numbers, i won’t bore you now, well, the meaning is that all the loans issued, which were at a floating rate, were refinanced.

in all areas, that is, they seem to say: we are dealing with inflation, but no matter how hard you listen, the forecasts concern both gdp growth and the growth of industrial production there, and none of the forecasts come true, and no one bears responsibility, it was said, that this year we will achieve a certain level of inflation, then our central bank rate will go down, but he says it didn’t work out, but apparently next year, so calmly, without even false criticism, self-criticism in relation to this process, well... listen, in general, we really live in times not only the svo, but those declared on us, well, i won’t say official war, but they definitely declared an economic war on us for destruction, so maybe we’ll somehow engage in self-discipline, now let’s see what was said at the time of the rise, well, the announcement that the rate should now be two more points

higher, it was said that for the first time in 10 years we are seeing cyclic overheating, well, let’s dwell on this question, well, firstly, what is cyclic overheating for... this is just a specific term, it concerns the following: we can talk about overheating, it’s probably necessary, but in a situation where

industrial production has already reached such a level that no demand will have time to absorb this industrial production, well, listen, maybe i ’ll surprise someone, but we announced import substitution the import substitution program has not yet been completed, we are still just starting somewhere, where our demand has been satisfied, this is the demand at the front. need, but is it really true that today, when we say that demand is growing and industrial production is catching up with it, we see a problem, but we must increase industrial production many times over and not be shy about increasing demand, this is our current state, i’m not even talking about our neighbors, let's take care of ourselves, but this is a normal process, why is this slyness, why use the same terms to explain a completely different situation, i don’t agree with this pain, let’s go further with you, what is overheating, if in the current situation after such...

these are the same sages, that is, they first wasted the people’s property, and now explain why each of their forecasts is wrong, and the methods by which they promised that they would fight inflation led to them raising the rate again, but inflation was never overcome, and they don’t want to frankly say, let’s try a little lesson for ours tv viewers. if we talk about the basics polynomy, you can argue with it in different directions, but let's see where , so to speak, the material

base is produced, well, in real production, everything else, as we understand, as i was taught, there, as many others were taught, this is redistribution, and the banking sector, financial sector is the largest, where the greatest, well, the word tetishization occurs, that is, the concealment of the real source of the origin of money even today for any respected grandmother there or even just a student, no matter who brought the day. and people will come, and there will no longer be these +20, because well, where will they come from, but

they don’t arise in the bank, well, maybe we will also be open before our, so to speak, citizens, when we talk about that , that there is a long-term investment program, for some reason it has not worked yet, but how will it work, where to invest, who will trust today if there are no projects, well , which ones can be bought, we just need to understand today , that our industrial production is doing its best. with the support government, is looking for resources, including internal resources from the enterprise in order to somehow move, there is still momentum, and it feels like the financial one is saying: well, if that’s the case, we’ll still help you now, so it surprised me, you know, as we do all the time, we should not appeal only to the head of the central bank, this is wrong, well, there are still very worthy people there, well, deputy zavodkin, he says: you know, it turns out that the money supply, its growth, has nothing to do with gdp growth, but you know if it to speak... a comparison of the period like before this ten-year cyclical period and

before the current team took over the leadership of the central bank, our money supply growth in the previous 10 years was 60 times, i will specifically say medina says 60 times in the next two times our gdp. grew 18 times before the thirteenth year, after the thirteenth year in ruble equivalent it decreased by half in dollar equivalent, our gdp growth at purchasing parity saved. for the previous 10 years until 2013 it was 430%, in the subsequent period 19, but maybe we let’s somehow compare these figures, this is not the chinese experience, this is not the korean experience, not the american one, this is a purely russian experience, i want to tell you that we had periods when the central bank perceived its participation in

economic processes as an integral part of the government’s activities and didn't look at any directions. in the constitution are related to its independence, i asked about this issue, i think i’m unlikely to be mistaken if i say that by independence at the time of writing this, i understand there that they laid down, there may be a different meaning, but then it was definitely perceived from the beginning of the nineties that this is a political aspect, indeed it should be independent politically, but not economically, it is one, one whole team, so i believe that at the present time, of course , it is necessary to convince, it is necessary to speak, but we must not forget what period we live in, first, second, we must not...

like a decision on whether to issue money or not to issue money, but this is not a private corporate structure, this is an element of the financial system, in general, the financial economic system of our country , a the sovereignty we are talking about is not just empty words, it is reality, i have just returned from latin america, there was a visit to the state duma headed by solodin, i want to say, everywhere with pride our delegation through the mouth of our leader pronounced the words of our president that last year we grew by 36 gdp, today this year we are already there... we are reaching there, but this is pride, this is, we looked at us with respect, i asked, we came to algeria with 3.6% growth, but why everywhere we go, everywhere they are proud of their growth, only the financial bloc thinks that this is bad, i think that this situation needs to be corrected, i invite representatives of the central bank and the leadership of the central bank to take part in the discussion, i have

such a simple short question, when you talk about overheating of the economy, please tell me, reduce the output of what ? tanks, infantry fighting vehicles, air defense systems, 15 second shells, just tell me, here's gunpowder, just tell me, here we are, so that there is no warming up, we demand a reduction in what, the nomenclature, please name it, just curious, can you do it, this is not just what we seen in the last week, this is not just two worlds, these are not just two cultures, these are two futures, this was clearly recorded. we all understand that what happened in paris has no future, that is, paris will have it, but only those parisians who have children, most of those who have children, i’m not sure that they will christians, but what they showed us has no future, and the most important thing

is that they want us not to have a future, that’s actually a war for the big one. account, so that we have this future, so that we we had normal children, so that we could have normal world religions, and not all this, and well, we probably need to say thank you to them, because a more obvious manifestation of what we are talking about, we opened the door to hell, opened the door to hell, this is such an abstraction, well, here you go, they wanted specifics, well, here you get what they say:

i was wrong, i thought that he had some remnants of reason, i was wrong, there are no remnants of reason there, but he doesn’t decide, he doesn’t decide in all these stories, because now one of the most is going on, so we’re talking about finances, i will touch on this, about the military component, about the struggle for influence, excuse the rude russian word in institutions, but one of the main ones... now, yes, when in america there is so little to show, this is the question, why exactly was it pumped into the side of a certain normality,

at least if not political, then at least aesthetic normality, they showed us this aesthetics, they also showed it to us, not saying what to show to their own people, the tsygelians there, and that means everyone is already... lined up, in general we underestimate the degree of totalitarianism of modern european societies, but this is so, a distraction, i’ll tell you this, this is the thought that came to my mind, we’ve been having some episodes all the time in the last, especially three or four months, when we say no , now something should begin, some kind of peace process, reason has dawned and... after each of this cycle we are getting closer and closer to war, after each cycle of talking about peace we are getting

closer, and most importantly, that this war that we are approaching is getting bigger if previously, we were approaching a big war in western eurasia, but now we are already approaching a big war in all of europe, for...

the last year, then we this, we will find this date 2027 several times, by the way, we will find it among the chinese, they are also preparing for 2027, but we need, as they say, not to count on the fact that this will all somehow resolve, somehow somewhere the mind will wake up, somehow this mind keeps waking up, but the result is insanity, yes, but the second point...

but i know for sure that she would not have fallen, so something just tells me, but he didn’t get a clear no, the collective biden for the most part played to aggravate, and part of

the washington elite, by the way, is the same trump, it was written right on his face, this meeting was very revealing with antaniyah, that right now he needs this conflict least of all, so things started to happen in particulars, it fell apart. system, a relatively unified integrated decision-making system in the west for clubs based on interests, and for us this is a very big challenge, in this entire club based on interests there is one constant, yes, this is a war with china, against the military-political confrontation with china - this is an absolute constant, and there are two very sad conclusions from this: first, but i have always been a skeptic about how and with what it is possible to restrain modern europe, but if

the americans throw the war to... restrain, i watched the opening of the olympic games, i stopped being a skeptic, i am absolutely sure that it is impossible to restrain these europeans, these are people who, well, they went there, so a clash in one form or another with one or another others in the organizational in terms of formations, well, in my opinion, this just needs to be included, as they say, in the estimate, it is inevitable, secondly, if in our country, or rather in their america, the confrontation with china is a consensus, yes, and is what they are going to focus on restore this bipartisan interaction, then it is absolutely clear that the key, key, area

where... right now the deterioration of relations will unfold, there will be finance, world finance, world investment processes, entering into this, this situation, where world, where world finance, american-centric, primarily finance, the dollar system, it will be used as a weapon against china and against everyone who somehow interacts with china to enter into this situation.

a bad joke with bankers, because big bankers really accumulate there, you know, this can really play a role in money, yes, they accumulate, they really don’t turn into investment projects, but i’m an economist, no, i’m not an economist, i’m a good historian, you know , our climate is probably like this in the country, when banks have a lot of money, yes, they don't invest. into the real sector, they accumulate there, accumulate, accumulate, such a temptation arises to take them away, this is called confiscation, in our area, it can occur in different forms, so if i were the bankers, i would not be very happy that they have bought large money, and if there are , of course, smart, literate people there, they would

advise... both the central bank and especially the ministry of finance, which, in my opinion, has been somewhat lost lately in our political economic arena, to really release for banks special bonds and withdraw this, so to speak, money accumulated through hard, so to speak, backbreaking labor, so that later they can actually invest it in development and military production, because it is better to give some of it yourself than later... specially trained people will take it from you people with statutory haircuts in gray suits, that’s all, but it seems to me, well, our climate is something like an investment one, i’m sorry if i caused moral trauma to anyone, arkadyevich, explain what ’s happening, this is a terrible aggravation, one blow, a retaliatory blow, another blow, everyone blames each other for who struck, netanyahu interrupts his visit, shouts, we

will take revenge in a way that ezbollah has never received, at night there is already a strike on targets in lebanon, there are already 12 dead israelis there too the list is growing, these are not israelis, you have to be careful here, well, that is, it’s just yes, because the fact that people on the other side died doesn’t bother anyone at all, the world doesn’t care, so i like how the price of life is looked at first, and you have a passport what kind, then we look, is it valuable or is it not valuable, well, that’s it.