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Solid national growth depends on more than just building industry and infrastructure and partnerships with other growing economies and a low flat tax for business and citizens. It also requires a solid financial base, and that is how Russia is securing it's bright future today.

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"Last month, the World Gold Council reported that net purchase of gold by the Russian Central Bank was the highest in the first quarter of 2019. It bought 55.3 tonnes and brought the country's gold reserves to 2,168.3 tonnes, while dramatically reducing its US Treasury holdings as part of its de-dollarisation plans.

"In 2018, CBR moved to decrease the share of US dollar in the bank's reserves, cutting its US bond holding and increasing its gold reserves instead."

https://sputniknews.com/business/201906131075850277-russia-gold-reserves-increase/

Russia's Gold & Currency Reserves Surpass $500 Billion Mark The bank's reserves have reportedly increased due to “positive reevaluation” and purchases of foreign currency “within the framework of the budget rule”.

When a person "turns their life around" from an extremely bad situation into a very positive position, we say "good on you mate, well done!" When that person has to fight against unfair barriers placed in front of him or her and still overcomes them anyway, we respond positively, calling that person an "underdog" or a "super achiever against all odds".

What about when a family does that? Or a community? In this case, it takes more than the vision of one person to achieve. It takes teamwork and a compelling shared vision and a solid plan. We celebrate such victories in sports at national playoff time or in the Olympics. Businesses that turnaround and overcome hard times are lauded by politicians and media and persued by investors. These stories make global headline news that endear us with stories of uncommon triumph.

How about when a country does it? This is indeed uncommon. How much more uncommon when the country falls from near empire status to near third world and then bounces back on the world stage with shiny new industries that represent leading technological and performance based positions? How uncommon is that?

THE RUSSIAN ECONOMIC MIRACLE

https://rttl.me/2019/06/12/the-russian-economic-miracle/?fbclid=IwAR2mVpGQEyMqNVGMpzXuzERwH9pjEdurWkIIIFAKK_w-QkjhzHorWmwgVMM

The Russian Economic miracle

When people ask me what Russia does besides oil and weapons, I find myself quoting Jon Hellevig. Here is Jon's review of Russia's economy in 2018.

"Russia is building its infrastructure, industry, and society to withstand the economic and military siege that the US is imposing on it, and indeed to modernize so as to break the siege."

Russia's Economy Strong and Stable – Cold War, Arms Race, Liberals, and Other Challenges We are into the fifth year of the US initiated trade war on Russia. Cold War 2.0. is an established reality, trade wars are flaring and Trump raves about an arms race. But Russia is strong and stable with outstanding military power and a reindustrialized modern economy, lean and mean, ready to deliv...

Golden advice from Alibaba's Jack Ma in a news interview with Russia's Vesti about Collectivism + Individualism. He says they both mix together to become "Teamwork"...

"If we talk about a purely collective system that the Soviet Union used to have and China used to have until recently it's not very efficient in my opinion. But the pure individualism as a society drive is also extremely problematic. That's why I believe that it's necessary to combine the two systems. We're living in the age of teamwork. That's what we believe in and what makes our country successful." - Jack Ma

China + Russia is a very powerful marriage. One has all the resources the other could want. The other has the entire world's industrial capacity.

China's Bezos, Jack Ma of Alibaba: Being Friends With Russia Is Smart - Interview Transcript: