Patriotism is patriotism, money is money! And if the first one is left to impressionable citizens, then the second one is the prerogative of the government. While patriotic-minded masses are told about the decaying West and America in particular, the country's authorities are confidently breaking into the leaders of US government bonds buyers. Someone, perhaps, will be indignant and ask how come? But the answer is ready!
The placement of Russian National Wealth Fund’s money in the US bonds is beneficial to Russia, since these securities have the highest reliability. And here comes the cognitive dissonance. So what about suppositional America's decline? The collapse of the economy, hunger, destruction, debauchery, and radioactive ash? By the way, even gold cannot guarantee such reliability as American treasuries. "In order to reorient our investments in other instruments, we need to understand what these instruments are, and they should be both comparable in yield and reliability with American securities. You can, of course, invest in gold, but the price of gold fluctuates, and metal needs to be stored somewhere, and this is not revenue, but extra costs. In addition, gold must first be turned into money, and it is not clear whether it will be sold at an adequate price,"said Mikhail Belyaev, chief economist at the Institute of Stock Market and Management.
In other words, when it comes to money, conversations and statements lose their power. In today's Russian society, proposals to stop investing in the US bonds easily trigger a response, on this one can make good political capital. But in reality such a refusal is impossible.
