Putin & Russia: Rich Leader/Poor Country––Mafia Theft Economics

posted by Ida B. Wells IV @ 10:36 AM
April 18, 2014

Russia-poverty    Authentic statistics are hard to come by in Russia, but various reports indicate that the poverty rate there is high and rising, while other data more than suggests that President Putin is extraordinarily wealthy.

In 2012, Kenneth Rapoza of forbes.com claimed:  “Moscow is home to more billionaires than New York City and London. . . [but] The number of Russians living in poverty rose another 1.1% last year to a total of around 13% of the population, or 18.1 million living below the national poverty line.

“Russia’s current minimum wage is about 4,600 roubles ($155) per month, while the minimum cost of living per capita is around 6,200 roubles ($210).” The next year, Maxim Bogodvid reveals in ‘Russian Parliament Leaves Minimum Wage Below Poverty Line‘ the leaders would not change the rate:  “Russia’s current minimum wage of 5,205 rubles ($158) a month is 27 percent below the government’s own national average poverty threshold, set at 7,095 rubles ($215).”

Yet RIA Novosti reports, in ‘Putin Says Russia Should Solve Poverty Problem by 2020,’ that during his re-election campaign the famed President promised to end poverty in his country in six years. That some ten percent of Russians live below those minimum poverty lines “is unacceptable,” he said.

Yet the same year Paul Goble of windowoneurasia.com that one Russian in four lives in poverty, but it is far worse in rural areas where incomes are half of city dwellers (i.e. $ 55). But such numbers pale in comparison to Putin’s own wealth.

In ‘Putin the Peronist,’ Nina L. Khrushcheva writes:  “. . . with oil and gas revenues flowing . . . Putin started to fill his own pockets. His personal wealth––including palaces, yachts, watches, and cars––has been estimated at $40-70 billion. Although he insists that his riches consist not of money and assets, but of the trust of his people, few Russians doubt that he is one of the world’s wealthiest men.”

Brian Warner asserts in ‘How Vladimir Putin Stashed Away A Secret $70 Billion Personal Fortune’: “ . . . experts vladimir_putins_leads_a_filthy_rich_lifestyle_with_4_yachts_58_aircraft_and_20_homes_ikgu2agree that, without question, Putin has used his last decade of absolute power and wholehearted corruption to stash away a vast personal fortune estimated at more than $70 billion. A fortune that simply does not jibe with the humble, man-of-the-people, portrait Putin paints of himself.”

According to Wikipedia, Putin opponent, Boris Nemstov, lists 20 villas and palaces that Putin has: “a massive Italianate-style mansion costing an alleged USD 1 billion and dubbed Putin’s Palace’ is under construction near the Black Sea. The mansion, built on government land and sporting 3 helipads, a private road paid for from state funds and guarded by officials wearing uniforms of the official Kremlin guard service, is said to have been built for Putin’s private use.”

Moreover, Warner’s says Putin’s assets includes a $ 700,000 collection of 11 luxury watches. “He also has full access to a $40 million ultra-luxury yacht that features a wine cellar, Jacuzzi, helipad and outdoor barbecue area. Putin has access to 20 mansions throughout the world including a lavish ski lodge and Medieval castle. The crown jewel of his property portfolio is a $1 billion palace overlooking the Black Sea that he allegedly owns through an anonymous trust.”

Now he wants Crimea, Ukraine and whatever else he can take?  If Christians don’t seek God’s help to stop this man, not only will he be held accountable, they may be too. Bible prophecies yell out his condemnation in James 5: 1 – 3:

“Go to now, ye rich men, weep and howl for your miseries that shall come upon you. Your riches are corrupted, and your garments are moth-eaten. Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.”

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