Global Financial Crisis and Mr. Khazin's predictions for Russia in terms of the OUTCOMES.

Global Crisis started from US, and its a well known fact, therefore within the time has been spreading across countries,starting from Europe,then Eastern Europe,ASian countries and the rest of the World. This interview as was promised, from russian newspaper with Mikhail Khazin, scared big chunk of people in Russia. You will understand why when you read it.

Miikhail Khazin has been asked many questions during the interview for "Komsomolskaya Pravda", all of them were concerning Global CRisis, reasons behind it, outcomes for US and the world in general. Although, the most fascinating part of the article starts from Khazin's predicitons for Russians and specifically for oligharks.

He stated that the situation in Russia and especially in Moscow, as it is the biggest city in the country as well as the capital, is going to be dramatic and disastrouse. Khazin's estimations of the unemployment for Year 2009 spring(he thinks that this are going to be the hardest times of Financial Crisis in Russia) in Moscow are around 2.5-3 million people. Half of the million or even 1 million are going to be unskilled workers from post USSR countries,like Tadjikistan, Uzbekistan,Kazakhstan,Azerbaidjan and etc. Also, constructors from same countries who have lower than average income and majority of whom are illegal in Russia. Hence, according to Khazin, these unemployed people will start stealing,robbing and even killing in order to get any money,food etc. Also majority of them are considered to be "wild" and "uncivilized". These in its turn will lead to the increased rate of crime, therefore Khazin suggested that the Government would have deport them, although Mikhail Khazin was not sure in the interview that our Governmnet has an ability and more importantely willingness to do so. Also, he pointed out that the worst and hardest scenario would be when bankers,office workers and etc. would become unemployed. Because maajority of them are relatevely young,ambitiouse,educated people,who are used already to get paid thousands of $ just for the appearance at work. Therefore for these people it would be even harder to overcome the unemployment, hence much less money if any,standards of living would fall , what can lead to depression all over Russia. Moreover, Khazin's concern was that when they get unemployed,they will not be able to pay mortgages(many of them have),credits to the Banks etc. Thus,Banks would have to take apartments and other things instead of unpaid debts. Although, Banks could not act like this,because otherwise people would "destroy" them and Moscow as well. People in Russia can be very agressive in extreme situations like this.

Additionally, there are other concerns Khazin arose in the interview. He said that money which had been injected into the system and the Russian economy, are not going to help the overal situation, due to the fact that Russian Government is known for "steeling money". Therefore, he argued that if "we are lucky, untill spring, we can survive. Otherwise it is time for all population to start growing potatoes and prepare for Great depression",when he said "we" he meant Russians. Also, Khazin pointed out that Russian Government alway thought that we have enough money in the system to pay for everything, where as now, they realised that it is not even that we dont have much, it is not enough to cover all inbalances. Moreover, big corporations are asking money from Government, they need $50billion , banksAgricultural sector is asking for $100 billions, the car industry is begging $1billion,banks need $50 billions, otherwise not going to survive, oil people and oligharks are asking for $50 billion each and saying that do not have any other option to survive. These figures are scary, personally for me.

Also, concerning Oligarhs, Khazin said that he is not even sure that the majority of them would survive in next 3- years.

In conclusion he gave an advice for readers of "KP", saying that people should be aware that bad times came for a long period of time and according to this fact should live their lives.

When i read this article, i couldnt believe what i saw, in the national newspaper very well-know economist Mikhail Khazin, talking about US and saying that 11 of September 2001 was a "stunt" from US government to take people's minds away from upcoming financial crises. Also, him stating that Russian Government may "steel"injected money for recovery of the economy and lastly his predictions about oligarhs. What surprises me is the fact that the interview was not taken out from online since it was published 29/10/08

What else i can say, i dont know to be honest. I am going to hope that Khazin's predictions are not going to come true, but you know what they say "Be prepaired for worst and at the end you will be fine".

I wish everyone Good Luck and hope that the Financial Crises is going to go beyond us and our Families.