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Under these dreadful circumstances, Putin became the Acting President of Russia on Dec 31, 1999. Over the next few years, he took on the powerful oligarchs, corrupt politicians and the elites who formed the fifth column. With authoritarian KGB-style, he assassinated some pro-Western journalists, jailed opponents and consolidated his power. Putin was helped by raising oil prices, but he used the new wealth wisely. He grew the Russian economy, built up gold and foreign reserves, and significantly reduced the national debt.
Between 1999 and 2014, Russia’s GDP grew 10-fold 4 and its world rank surged from 22nd to 8th
Russia’s debt-to-GDP ratio fell from 100% in 1999 to 17% in 2016 5
Foreign reserves grew from virtually nothing to the 6th largest in the world 6
Gold reserves grew to become the 6th largest in the world as well 7
Putin started RT – Russia’s own global news channel, banned GMO, kicked out George Soros, and fought Cultural Marxism. He built more than 15,000 churches, encouraged families to have more children, and banned transgender/gay propaganda to children.
Finally, Putin rebuilt Russia’s military, crushed Islamic terrorists and, in a geopolitical stunner that transpired in Syria, prevailed against a mighty coalition of the US, Israel, UK, France, Turkey, Saudi Arabia, Qatar and 40,000 jihadists. 8
Putin’s diplomacy has also been remarkable. After the 2014 US sanctions and the precipitous fall in oil prices, every pundit and politician predicted the isolation of Putin and the demise of Russia’s economy. Fast forward to 2017, 144 US corporations and 62 countries attended Russia’s Economic Conference in St. Petersburg. In France, the new President, Macron, chose Putin for the first visit of a foreign leader.
The government would nickel and dime you all the way to the dock and would end up costing ten times more in time and money if you could ever get what was promised to begin with..