When you nationalize the expenditures but privatize the revenue, everything is profit.

When you nationalize the expenditures but privatize the revenue, everything is profit.

There’s no English equivalent for silovik. It doesn’t translate succinctly because to create something as Machiavellian as a silovik requires both the KGB and the GRU, and then a shift from communism to capitalism followed by a gear-grinding reverse into despotism.

America's abundance was created not by public sacrifices to the common good, but by the productive genius of free men who pursued their own personal interests and the making of their own private fortunes. They did not starve the people to pay for America's industrialization. They gave the people better jobs, higher wages, and cheaper goods with every new machine they invented, with every scientific discovery or technological advance- and thus the whole country was moving forward and profiting, not suffering, every step of the way.

There’s no English equivalent for silovik. It doesn’t translate succinctly because to create something as Machiavellian as a silovik requires both the KGB and the GRU, and then a shift from communism to capitalism followed by a gear-grinding reverse into despotism.

Investors are prioritizing investment into the financial sector now. Fundamentals look good and I expect banks to post further profit gains.