Progenitor of Eurodollar

#1. Long-Lasting Choice
Progenitor of Eurodollar

The article tells the history of creating a widespread now financial instrument — Eurodollar, about the role in its appearance of the USSR and the Soviet banks abroad — Moscow Narodny Bank in London and Eurobank in Paris, about the events preceding its appearance — the International Monetary and Financial Conference in Bretton-Woods, about the USSR’s attempts to escape from American sanctions. The article describes the consequences of introducing Eurodollar, of establishing new order for US dollar use in the world and the punishment of countries not supporting these new rules. One example of control over implementation of sanctions imposed by the United States is the story of punishing the Soviet Union for trade with Cuba, when US dollars, been applied by Moscow Narodny Bank for buying Cuban sugar, were blocked for 30 years. The article is dedicated to professionalism and ingenuity of the Soviet bankers and to the errors they committed, by inexperience.

Free Cash or How “Life on the Loan” has Failed in Russia

#5-6. Five Scenarios for a Century
Free Cash or How “Life on the Loan” has Failed in Russia

The present-day crediting is a social technology of fail-free individual involving in the system of imposed consumption. In the basis of technology there is a manipulation based on separation of purchase and payment, which dulls the sense of responsibility and risk perception. Crediting intensifies consumption, contributes to maximize corporate profits, but also simulates the desired social structure. The price of such economic and social upward distortions, sooner or later, is paid in a form of consumer credit crisis and massive social defaults, which happened in Russia in 2015. It’s an illusion to associate these processes only with sanctions and the geopolitical situation in which Russia finds itself today. Persistent symptoms, that the population has gained too much credit and that in the short term it will cause big problems not only for banks but also for the state, appeared in 2013. In 2013 nobody could imagine the sanctions, events in the Ukraine and the Crimea, future attempts of Russia’s geopolitical isolation. But experts were persistently saying that, if crediting continues at the same rate, in 2015 massive defaults on unsecured retail loans may occur.

Network Wars in the World Economy and International Finance

#4. The Square of Transformation
Network Wars in the World Economy and International Finance

Network wars are the wars of new, sixth generation. The purpose of the present paper — to show the complex nature of warfare on a broad range of life areas.

Defense Enterprises Have Got Experience Worth of Universal Application

#8. Some Time in Petrograd...
Defense Enterprises Have Got Experience Worth of Universal Application

The city of Zhukovsky, Moscow region, once again became the site to showcase business and technological potential of the militaryindustrial complex of Russia — the III International Forum “Engineering Technologies — 2014” was held there.