Foreign Capital Flees Russian Depression (1998)
The End of Moscow's Party (1998)
The Russian economic crisis exacerbated by fickle foreign investors
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The economic problems of the late 1990s plunged Russia into crisis. The day the ruble plunged by 22%, Russian Vogue held a monumental launch party. The cream of Moscow’s elite crowded a glitzy shopping arcade and pretended not to notice the air of impending doom all around. At the Red Star model agency Natalia flashes a stunning smile. She puts a brave face on the devastating statistic that in 2 weeks they lost 95% of their business as western investors fled. For this new middle class the party is over and the crisis that’s been raging in the Provinces has come to the capital to roost. Arctic Miners who’ve gone unpaid for 6 months hammer together flimsy shelters in central Moscow. In a last ditch protest they bang their helmets on the steps of the Moscow’s White House. The hollow sound rings through the corridors of power, a reminder of Russians’ emptying stomachs. Boris and Masha are now both unemployed. A move to a country cottage in better times is now their saviour. Former government researchers, they’re now full-time subsistence farmers. Masha echoes the biggest fear “Many people talk of hunger...but it’s not just a matter of prices going up, food may disappear altogether.” Getting drunk on vodka, miner Vlad bluntly sums up the disillusionment: “Capitalism is shit.”
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Пікірлер: 75
Thank you, very insightful reporting. Brings back memories. Being a kid back then, it was really hard for my family and pretty much everyone in Russia. There was indeed little hope left in that dreadful fall of '98...
@mordecaiesther3591
Жыл бұрын
Capitalism didn’t work ??? The wall coming down wasn’t all that great was it ??? Now comes reality Jesus Christ help you . Have a year of peace . In Jesus Name
@yesyes-om1po
Жыл бұрын
@@mordecaiesther3591 you do realize communists persecuted and executed christians en masse
@squad4yt103
Жыл бұрын
@@mordecaiesther3591don't forget the great dep and 2008. Jesus gave US and world years of peace
@sotch2271
10 ай бұрын
@squad4yt103 so jesus didnt care about anyone before the 1600's ? Lol you really think you are that much special so funny
@squad4yt103
10 ай бұрын
@@sotch2271 i didn't said i am special thats your thinking 😂
My right ear is deafened. My left ear can hear all that there is, will be, and ever was.
@jensbond93
9 жыл бұрын
JOURNEYMAN SOUNDGUY!
@MrSuperBrite
9 жыл бұрын
My left ear enjoyed this comment.
Every time I see this it reminds me of America in the 1980s with the style of dress and costumes ect...
I’m here to learn the cause of the crisis, not to hear life story of residents, it gives perspective but it’s highly subjected to personal factor.
@dungeon_masster.
2 жыл бұрын
коммунистический парламент принимал дифицитные бюджеты, а правительство вело жесткую монетарную политику, государство начало занимать деньги под большие проценты и в итоге довели страну до дефолта
It is happening again.
@yumallah
Жыл бұрын
No.
05:48 Chilean jurel "San José" hahaha that's great
Flees to strong American economy. Strong like little girl with late stage Lou Gehrig's disease.
Nice timing releasing this 15 years later...typical Western Russian hate...
"the cream of moscow elite squeezed into a shopping arcade" .... pan camera to woman and man chewing gum. Enough said.
What’s the name of the song that plays in the club lol?
@drjustin84
3 жыл бұрын
you still want it?
@SosaSal_
3 жыл бұрын
isles20 Good music is good music. Either share the name of the song or skip along
@drjustin84
3 жыл бұрын
@@SosaSal_ It’s called Testify ( Mousse ts in a mood remix). although i kinda just wanna skip along with that kinda attitude, tbh
@SoaringSuccubus
Жыл бұрын
@@drjustin84 Hey man, bless you
Foreign Capital Flees Russia (2022)
There should be a date to this video. Lots of this is from over a decade ago and should not be portrayed as reflective of the current economic upheaval in Russia - which seems to be the intention of journeyman pictures.
@brinjoness3386
Жыл бұрын
It is dated in many places. 1998 around the time of the world cup in France.
What is the full name of the beautiful girl on the first bass? Natalia??
now that is a marching band....
It's too bad that they didn't have a transition period. I don't think that if communism collapsed in China that it would be as hard.
yeah capitalims work
this is why i came to USA
@christianjon8064
Жыл бұрын
Maybe one day we need to go somewhere else
Enjoy the Crimea!
@alexm566
3 жыл бұрын
look at putins palace in navalni video. They're enjoying it already
This could happen in the US one day. And that’s when bitcoin is gonna excel because it’s an international asset - it’s not really tied to the US economy or our financial system. It will be the only type of asset available that’s not
👍👍
More of Journeyman recycling old shit.....
@neo_7864
2 жыл бұрын
he is reminding that when this shit will happen in the near future.
Why not add the date this was made? More gullible people will think this is recent and not over 10 years old...unless that's what you want!
This is basically crypto in 2022
Eric Campbell could do a 25th anniversary report and it would be the same. 🌻🇺🇦♥️🇦🇺
@OOOUZ
Жыл бұрын
Wait till ukraine annexed with Mother Russia😂
The 90s Russia is a lot like the Weimar Germany - the decade which were too good to be true. Then ended with the rise of a bloodthirsty tyranny which, unlike anybody's expectation had always been there to wait for the moment they could devour all.
@inextremis28
Жыл бұрын
The 90s in Russia were terrible all the way through.
@runoflife87
Жыл бұрын
Typical western propaganda victim. Nothing else to say, eh?
Sins lead to HELL! you are a sinner heading for a eternal horror God is good he must punish the wicked you are heading to hell your only hope is Jesus christ who died for your SINS put your faith in him be born again be changed 2 Corinthians 5:17 Therefore if any man be in Christ, he is a new creature: old things are passed away; behold, all things are become new. i used to be a bitter perverted atheist then i was a false christian i praised God with my lips but my heart was far from him i was still in sin like when i was a atheist thankfully I HAVE BEEN CHANGED AND YOU CAN ALSO !! Jesus christ is the only way
Lots of hot Russian babes out there.
This video confuses viewer. Publishing date and current situation, when some business is moving out of Russia due and rubble is losing his value, might imply that his movie is about current 2014-2015 Russia. But it is not the case! If it is done intentionally then this shows channels professionalism…
this video is stitched from a bunch of pieces. The only thing in common between these clips that they are Russia related. They show Yevgeniy Primakov as Russia's prime minister. He was a PM in 1998 en.wikipedia.org/wiki/Yevgeny_Primakov#Prime_minister Another discrepancy: Moscow's mayor Luzhkov ended his term in 2010 en.wikipedia.org/wiki/Yury_Luzhkov#Dismissal Anyway, this video is weird ...
@drjustin84
3 жыл бұрын
it’s from 1998
What is this sh**? This is from the 90s...
This is too old of a video
A 15-year old video published on January 15, 2015... What is this for?
@nomadum0
3 жыл бұрын
to see that not much done changed there?
@alexm566
3 жыл бұрын
internet money is good, old content still gets views
@neo_7864
2 жыл бұрын
to warn people..this will happen soon..the sign in clear.
I thought the fashion looked outdated in this video. This isn't about the recent economic crisis in Russia, you charlatans; this is from 1998. Bad Journeyman.
We need more russians and less helpless blacks
Russian is going to win this one for sure.
This is OLD CRAP reporting!