Re: AVERAGE RUSSIAN IS 8 TIMES POORER THAN AVERAGE EUROPEAN
harmony
get it, do they?
<use...@mantra.com and/or www.mantra.com/jai (Dr. Jai Maharaj)> wrote in
message news:20091213VY8a4w31VfAu0g66Hc2D53a@A57f4...
> Average Russian is 8 Times Poorer Than Average European
>
> By Pravda
> The Market Oracle
> Sunday, December 13, 2009
>
> The latest research indicated that the size of the average European's
> savings account is seven times greater than that of the average
> Russian. It would seem that the reasons are obvious -- Russians are
> seven times poorer than residents of the European Union. However,
> it's only a part of the picture. Sociologists say that 70% of
> Russians do not have bank deposits and 50% of them have no savings at
> all. Therefore, the average Russian is 8 times poorer than the
> average European.
>
> According to StatBanker, a financial statistics agency, the overall
> portfolio of funds deposited in the EU banks as of the third quarter
> of 2009 was 2091.2 billion Euros. Since the crisis reverberated in
> Europe, Europeans had fewer opportunities to save money, and the
> portfolio decreased by 8% within the last year, or 173.2 billion
> Euros. Therefore, the average European has 6,378 Euros in a savings
> account. If children and retired people are excluded from the
> calculation, the average savings account of an economically active
> European is 14,313 Euros.
>
> According to the same agency, the overall portfolio of funds
> deposited by Russians is equivalent to 152 billion Euros.
> Interestingly enough, the decrease in savings in Russia is comparable
> to that in Europe and was 8%, or 11.8 billion Euros. Simple
> calculations show that the average bank deposit of a Russian citizen
> is 6 times smaller than that of a European, and amounts to 1,071
> Euros. If only economically active group is considered, than the
> average deposit is 2,153 Euros, i.e., seven times less than in
> Europe.
>
> Deposit rates in Russia are three times higher than in Europe. Yet,
> it is twice as profitable to deposit funds in the EU as it in Russia.
> For example, the weighted average interest rate for deposits made in
> Europe in September was 2.92%, whereas in Russia it was 9.25% for
> Ruble deposits and 5.35% for Euro deposits.
>
> It is obvious that Russian banks offer a better rate. However,
> chronic Russian inflation changes the picture. Effective interest
> rate in Europe in September was 2.62%, while in Russia it was only
> 1.15%. Although the interest rate is not that high in both cases, the
> European one is still twice as large as the Russian one.
>
> In this research, the average working European means a person who has
> a stable source of income and some bank deposit. It is not that
> simple with Russians. Although analysts like to say that Russians'
> trust in banks is growing, Russians still prefer to keep their money
> "under thier mattress."
>
> According to a poll conducted in September by "Public Opinion" fund,
> 70% of Russians do not have a bank account at all. It would not be
> right to name poverty as the only reason. Mikhail Dyagilev, Director
> of the Institute for Globalization Issues, believes that one of the
> reasons is a fear to lose money to a bank. "People don't trust banks.
> They feel very vulnerable and are afraid of swindlers and even simple
> technical errors, "he told to Novye Izvestiya newspaper.
>
> Yet, earnings still matter the most. According to the Russian
> Statistics Bureau, as of the second quarter of 2009, the average
> monthly income of a Russian resident was approximately 17 thousand
> rubles. The average income of a European is 5.3 thousand dollars,
> while Russians make a little less than 600 dollars a month. This
> means that the average Russian is 8 times poorer than the average
> European. Mikhail Dyagilev thinks that the gap might be even bigger.
> "Russian people are very poor. According to a research conducted by
> sociologists, 10% of Russians do not have enough money to buy food.
> Middle class decreased to 12% within the last year, and we are just
> talking about the ability to buy regular consumer goods. 78% of
> population is just poor. People simply don't have money to save."
>
> The last data received by sociologists proves this to be true.
> According to Romir research center, almost half of all Russians (48%)
> do not save money at all. Sergey Smirnov, Director of the Institute
> for Social Policy, thinks that it has to do with the fact that a
> tradition to save existed in Europe for a long time, whereas in
> Russia it is nonexistent. "Our people spend all they earn on their
> day-to-day needs," explained the expert. He said that the gap between
> wealthy and poor in Russia is huge. "I do not think that we will be
> able to reach European rates in foreseeable future," Smirnov said.
>
> Noviye Izvestia
> Pravda.ru
>
> More at:
>
> http://www.marketoracle.co.uk/Article15771.html
>
> Jai Maharaj, Jyotishi
> Om Shanti
>
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Om Shanti
In article <4b2912bc$0$5341$bbae...@news.suddenlink.net>,
"harmony" <a...@hotmail.com> posted:
>
> tambukawala bengalis, arindam's friends, and daroowala keralias still don't
> get it, do they?
> Dr. Jai Maharaj posted:
Arindam Banerjee
"harmony" <a...@hotmail.com> wrote in message
news:4b2912bc$0$5341$bbae...@news.suddenlink.net...
> tambukawala bengalis, arindam's friends, and daroowala keralias still
> don't get it, do they?
Hello bundree, kya baat, phir aa gayi? Get what, bundree? My friends
(Bengalis and non-Bengalis) are all very well off, with their own
brilliance, honesty and hard work. Most of them, here in Australia, are
better off than I am money-wise. In India, 'twas the same story when we
lived there. So what are we Bengalis supposed to get?
Anyway, please explain why you are such a mean, paranoid, mischief-making,
cowardly, weak, thieving, cunning, unprincipled, bigoted, ignorant and
uncultured creature, first. What has made you so? Why then should you think
that Bengalis, or anyone, should emulate you and your masters, or even heed
what you say? That I choose to do so, is of course out of pure kindness and
generosity - bundurrs gotta evolve, what? Dunno, when, though. The fact
that I am not as rich as my Bengali friends is that I waste far too much
time on your education and edification.
Cheers, bundree. Up your tail, swing in joy, go eat a banana.
Arindam Banerjee.
Vishnu , om Mangalam Mangalam
will you also compare Russians to the Chinese ?
Chinese have just started the 7000 km gas pipeline
to China from Turkmenistan .
Dec 17, 6:04 pm, "Arindam Banerjee" <adda1...@bigpond.com> wrote:
> "harmony" <a...@hotmail.com> wrote in message
>
> news:4b2912bc$0$5341$bbae...@news.suddenlink.net...
>
> > tambukawala bengalis, arindam's friends, and daroowala keralias still
> > don't get it, do they?
>
> Hello bundree, kya baat, phir aa gayi? Get what, bundree? My friends
> (Bengalis and non-Bengalis) are all very well off, with their own
> brilliance, honesty and hard work. Most of them, here in Australia, are
> better off than I am money-wise. In India, 'twas the same story when we
> lived there. So what are we Bengalis supposed to get?
>
> Anyway, please explain why you are such a mean, paranoid, mischief-making,
> cowardly, weak, thieving, cunning, unprincipled, bigoted, ignorant and
> uncultured creature, first. What has made you so? Why then should you think
> that Bengalis, or anyone, should emulate you and your masters, or even heed
> what you say? That I choose to do so, is of course out of pure kindness and
> generosity - bundurrs gotta evolve, what? Dunno, when, though. The fact
> that I am not as rich as my Bengali friends is that I waste far too much
> time on your education and edification.
>
> Cheers, bundree. Up your tail, swing in joy, go eat a banana.
> Arindam Banerjee.
>
>
>
>
>
> > <use...@mantra.com and/orwww.mantra.com/jai(Dr. Jai Maharaj)> wrote in
> > messagenews:20091213VY8a4w31VfAu0g66Hc2D53a@A57f4...
> >> this post may be reposted several times.- Hide quoted text -
>
> - Show quoted text -
harmony
too bad he had too much from volga.
<use...@mantra.com and/or www.mantra.com/jai (Dr. Jai Maharaj)> wrote in
message news:20091216Cy641L5Y0m9BeWnl3903l68@Fhnf7...
and/or www.mantra.com/jai
Jai Maharaj, Jyotishi
Om Shanti
In article <4b2aeff9$0$5354$bbae...@news.suddenlink.net>,
"harmony" <a...@hotmail.com> posted:
>
> he has been sickled and hammered pretty good.
> too bad he had too much from volga.
> Dr. Jai Maharaj posted:
Arindam Banerjee
"Vishnu , om Mangalam Mangalam" <hindu...@gmail.com> wrote in message
news:c9de4fac-e469-4910...@15g2000prz.googlegroups.com...
you compare Russians to the Euro.
will you also compare Russians to the Chinese ?
Chinese have just started the 7000 km gas pipeline
to China from Turkmenistan .
AB: Once the HTN and IFE kick in, all older technologies that do not conform
will be dust. Which is why, they (The Garg) are trying their best not to
talk about these new developments, as too much money has been sunk in
polluting projects. But, they will be a waste, and the nations that adopt
the cheaper and better HTN and IFE will gain big-time. Life is circular,
mate. The Russians were up in the 70s, now such is not the case. If they
adopt HTN and IFE, boy, won't they leap-frog! Other nations with fixed
investments in polluting and expensive industries, will get screwed big
time.