Last time, the Russians not only concerned about the possible default or crisis that, in the opinion of some, may happen after the Olympics in Sochi. Let's see: "is there real predposylka or crisis?".
Talk of crisis is not silenced since 2009. Experts expect a "second wave" of the crisis. However, let's look at the situation in Russia, forgetting about the expectations of experts. What will we see? First of all, we will see the fall of the ruble. This is logical, because people are confident that the ruble is virtually worthless, run and buy dollars, supporting the US currency. By the way about dollars. Actually, this is not the currency in which to invest. The US always takes loans from other countries (especially great debt to Japan and China), thereby increasing its foreign debt. But if we remember that US currency is not backed by anything, we can assume that the U.S. constantly print "papers" and sell them at a high price. All of the dollar rests solely on the country's power.
It was a small digression. Now back to our country. Exchanging rubles for dollars, we, thereby, support the economy of a foreign country. All this is because now even the memories of 1998, when everything was in dollars and prized dollars. Now things have changed.
The second fact of concern to citizens is the Olympics. To the Olympics in Sochi was spent a lot of money. The Olympic torch into space was launched, was lowered into the water and much more. On it were all spent billions of investors ' funds. All these funds will be for a very long time to pay off. All this leads to unrest among the citizens. It is believed that after the Olympics there will be a crisis or default. However, let's analyze the situation.
The Olympics in Sochi attracted a large number of foreign nationals who will bring their own currency that they will exchange and waste on the territory of our country, which can not but affect positively on the economy. Proof of this can serve as Olympiad, held in August 2008 in China. Recall, the Olympics were held in Beijing from 8 to 24 August 2008. Take a look at the exchange rate of the yuan in that period. The exchange rate of the yuan against the ruble on August 01, 2008 amounted to 34,2818 (as you know, the yuan exchange rate is given as 10 yuan to 1 ruble). To 08 August the rate rose to 34,3785. By the end of the Olympics the course was already 35,7091. Thus, we see that the Olympics has a beneficial effect on the economy. Respectively crisis, we should not wait. As for default, then there is a little clarity. Default is the failure of States to pay their foreign debts. However, our state ranks among the countries, the external debt which is the smallest. But if the debt is small, then what defaults can be a speech?
In General, expect a default or crisis in 2014 is not worth it. If you are really worried about cash and are afraid to keep them in banks, we invest these funds. For example, in real estate, cars and more. Most importantly, choose things that will always be in price (e.g. flats, every year they only get more expensive).
Author: Artem Grigorov
