Russia’s domestic import substitution program is showing impressive results

Amidst global economic slowdown, Russia’s industrial production shows stellar growth. After sanctions and rejection of Western imports, Russia’s domestic import substitution program is showing impressive results. Industrial production up 2.6% year-on-year for the first half year. And accelerating, up 3.3% in June from...

Share:

Read More

Jon Hellevig: Succumbing to US Bullying Made Ukraine Poorest Country in Europe

TEHRAN (Tasnim) – A Finnish political economist and author highlighted predicaments of nations that refused to adopt strategies of resistance against US unilateralism, saying Ukraine, for instance, became “the poorest” country in Europe after succumbing to Washington’s bullying.     “Look at Ukraine;...

Share:

Read More

Jon Hellevig: Finnish state church engaged in propaganda to support the terrorists of Aleppo

By Jon Hellevig I had today a stopover at a small provincial town in Northern Finland. They were having their annual fair. After having enjoyed a fantastic street stall portion of crispy fried vendace, I strolled around. I then spotted the official Finnish protestant state church (yep, no separation of state and church...

Share:

Read More

FRANCE’S TEMPERATURE RECORD FAKE NEWS HOAX EXPOSED

 By Jon Hellevig A municipality in Southern France called Gallargues-le-Montueux yesterday SUPPOSEDLY broke the all-time temperature record in France (for all months). But it turns out – as I expected – that it is a total fake. Gallargues-le-Montueux lies in the Occitaine administrative region of France, the...

Share:

Read More

Putin says liberalism is finished

By Jon Hellevig Putin tells liberalism is finished. In an interview with the Financial Times, Putin told that “the liberal idea” had “outlived its purpose” and said that nationalism is growing instead as the public has turned against immigration, open borders and multiculturalism. “This liberal idea presupposes...

Share:

Read More

Kazakhstan ends bank bailouts, writes off people's debts instead

Jon Hellevig: "Instead of bailing out banks and oligarchs, Kazakhstan will write off loans of the poor. This has been announced by new Kazakh president Kassym-Jomart Tokayev. There’s an unexpected corner of the world from where sound and fair financial policies emanate! Doing this President Tokayev is actually reviving...

Share:

Read More

CIA instructs its puppet regime in Georgia to makes provocations against Russia

By Jon Hellevig The CIA has called on its puppet regime in Georgia to make a serious provocation against Russia, with staged demonstrations and threats against Russians. An American woman who serves as the US puppet president of that country declared that "Russians are our enemies and occupiers." Protesters held up...

Share:

Read More

Is Russia's economy stronger than they say it is?

  Jon Hellevig writes: I don't know why Russia does this. They reported Q1 GDP growth of 0.5%. But they said the GDP deflator was 8.5%. GDP deflator is the factor by which you diminish the nominal GDP growth. The idea is that it would show the "real growth" of output instead of price inflation. In this methodological...

Share:

Read More

"Putinomics" - review by Jon Hellevig

I just finished reading a book called Putinomics by Chris Miller. He had earlier written a book on Gorbachev's failed perestroika, except he did not call it failed, rather it was an apology of that failure. Nevertheless there was a lot of interesting facts (which facts the author tried to tweak to fit his agenda). All...

Share:

Read More

West Attacks Russia with Piketty’s Overblown Claims About ‘Oligarch’ Wealth by Jon Hellevig

West Attacks Russia with Piketty’s Overblown Claims About ‘Oligarch’ Wealth Blowing Thomas Piketty’s academic fraud, Awara’s new study debunks the myths about overreaching oligarch grip on the Russian economy and supposed extreme economic inequality in a global comparison There is no love lost between the Russian...

Share:

Read More