Russia
Author`s name Dmitry Sudakov

Russia pays tribute to US budget

There are many elementary things that recieve no attention at all, although they can be extremely important. If you take a Russian banknote in your hands, you will see that it says: "Note of the Bank of Russia." If you take a look at Soviet banknotes, you will see that they say: "State Treasury Note." It means that it is not the Russian state that makes the money that all Russians use in their everyday lives today. This is a consequence of 1991 - the time when the Soviet Union collapsed.

Modern-day bank notes are made in today's Russia on the base of the Constitution, as well as on the base of the laws about the Central Bank. The production volumes of today's banknotes in Russia are proportionate to the volume of the purchased virtual foreign currency. In other words, in order to pay, let's say, a note of 100 rubles to a cashier in a supermarket, the Russian economy has paid the United States of America the face value of this note.

If we add the structure of the Russian reserves, the general systems of balance of payments, the crediting mechanism - i.e. the elements of economic sovereignty, which Russia does not have, - then we will see that today, Russia pays nearly $200-300 billion to the US. This amount corresponds to the taxes, which Russian tax-payers pay - without customs payments.

Conditionally, every Russian citizen pays two taxes. One of them goes to the Russian budget, and the other one - in the same amount - goes to the American budget. Russia spends this money on the inflation mechanism, because this money is withdrawn from the economy. Therefore, Russia will never solve the inflation problem until it solves the problem of the Central Bank. Hungary tried to do it, for example, but was punished for it.

Russia is not alone here, of course. America defeated many countries of the world. The above is not a specific problem of Russia. That is why the USA consumes a half of the world's GDP because they collect tribute from everyone, not just Russia.  

Sergey Fyodorov

State Duma deputy