Economist Koltasov described the ban on capital withdrawal as the only way to avoid the crisis
MOSCOW, October 7 – RIA Novosti. World central banks are raising rates, literally tearing apart the economies of third world countries. Developed countries are also suffering – inflation is skyrocketing in the UK and the EU, production is being shut down. The task of the American administration is to “pull” all the money in the world and force investors to shift to dollars. And there is only one way to avoid such a scenario, said To the Prime Minister’s agency Vasily Koltashov, head of the Center for Political and Economic Research of the New Society Institute.
Raising interest rates by the US Federal Reserve, the Bank of England and the ECB has consistently exposed the mechanism of the economic crisis: investors are pulling money from collapsing economies into dollar holdings. Many try to prevent this by establishing horizontal ties that disable the American financial system. But this is not enough: Koltashov concluded that the authorities of countries should forbid capital from attracting funds, forcing it to invest in its own economy.
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