Putin 'Bitch Slaps' Billionaire Deripaska

This is an eye opener - Russian Prime Minister Vladimir Putin treats his cronies like little children in the following video, (hat tip: Hugh Hendry), in particular, Magna partner, Russian billionaire, Oleg Deripaska.

According to Hugh Hendry (from this month's Eclectica Fund Letter):

Furthermore, the big Russian players like Rusal are under intense pressure from Putin not to cut capacity (check out ‘Putin bitch slaps Deripaska’ on http://www.youtube.com/watch?v=PprlM5R3Hbg), and are rumoured to be surviving only by not paying their electricity bills.

As I watched this video, I realized that things are different in Russia. Its a foregone conclusion that Russia is a command economy, but to actually see it in action is revealing.

Advertisement


Total
0
Shares
Previous Article

Hugh Hendry: Investment Outlook (November 2009)

Next Article

John Paulson (Paulson and Co.) Q3 Letter to Investors

Related Posts
Read More

The 4th Turning of Markets: Darius Dale on Inflation, Debt & Investing in 2025

What if everything you thought you knew about the Fed, fiscal policy, and recession playbooks is already obsolete? In this episode, Darius Dale reveals why the U.S. economy has entered “Paradigm C” — a regime of fiscal dominance, deregulation, and coordinated support — and what it means for portfolios, the Fed, and your financial future.
Subscribe to AdvisorAnalyst.com notifications
Watch. Listen. Read. Raise your average.