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To: Roderick Francey who wrote (16742)	8/27/1998 7:28:00 PM
From: goldsnow	Read Replies (2) \| Respond to of 116818

>>The events occurring in Russia remind of me of similar events in Germany during the late 20's and early 30's (e.g. worthless domestic currency). >> Situation is almost identical to ..October 1917 in Russia (Revolution) What followed was nationalization of foreign properies, debt cancellation and confiscation of everything that "wealthy" people had ..of course to back it up GULAG was constructed and Militarisation of the country ensured...Russians would embrace new Dictator with open arms..bear no illusion...

To: Roderick Francey who wrote (16742)	8/28/1998 6:46:00 AM
From: Dwight Taylor	Respond to of 116818

From the news I've heard the country is in relatively good shape considering the problems in gov't and devaluation. For example, many Russians have stashed away greenbacks in anticipation of instability in the ruble. In fact, it is estimated that there are more greenbacks stashed than rubles in circulation. The currency of choice for Russians is the American dollar! In addition, the people are less inclined to support communism, at least in the form it used to be. It would have to come back with a different name and economic approach. Nevertheless, the industrialists are behind the scenes and wield much influence. The gov't is behind on military salaries. There is a huge black market of currency and goods. The street punks are a loosely organized mafia. It's going to take strong leadership to pull it all together. Most likely the leadership will be anti-American as there is an anti-American backlash specifically due to IMF bailouts. Remember the Versaille treaty? Germany's debt which, if not for war, would still be owed today. The Russians are insulted and embarrased and blame Yeltsin for this mess. Most likely, he will resign and Chermyrdyn (sp) will succeed him. He is popular with the Duma, and the industrialists.