PUTIN RUNS RUSSIA THE WAY HE WANTS... 
THAT IS BAD FOR EVERYONE ELSE
by Monty Guild
Guild Investment Management, Inc.
July 24, 2007

Russia is once again becoming a dictatorial state. As we have pointed out in these pages for over a year Putin is taking over companies owned by the west or by capitalist Russians, trying to get the Europeans over an energy supply barrel and bullying or arresting anyone who disagrees with his dictatorial behavior. 

It is also interesting that his critics sometimes end up dead, for example the journalist Anna Politkovskaya. Journalism has never been a remunerative profession and it has never been appreciated in the west because of its left wing bias. 

However, every freedom loving person should be aware that journalism is a great part of the reason that the Berlin wall fell and the "Cold War" ended with the ignominious defeat of the failed Soviet/ Soviet bloc economic and political system.

Putin is up to the same tricks and is becoming ever bolder. May I recommend everyone read an article on the opinion page of the July 17, 2007 Wall Street Journal entitled "For the Sake of One Man". This will be a great eye opener for almost everyone to the kind of behavior that is commonplace in today's Russia. 

Many people talk about the BRIC's (Brazil, Russia, India and China). We do not invest in Russia because of these types of behaviors by their president. We do invest in India, China, Brazil and in other smaller countries like Singapore, Hong Kong, etc.; where government ethics are a lot better than in Russia and Venezuela.

WORLD ECONOMIC GROWTH ....CONTINUES APACE

Things are not slowing down they are accelerating!

Economic growth continues strong everywhere and the global stock markets are rotating from one sector to another in search of profitable growth. Many industries are enjoying record profits.

© 2007 Monty Guild
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