Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
THEY DON'T RING THE BELL AT THE CRPTO MARKET TOP! - 20th Dec 24
CEREBUS IPO NVIDIA KILLER? - 18th Dec 24
Nvidia Stock 5X to 30X - 18th Dec 24
LRCX Stock Split - 18th Dec 24
Stock Market Expected Trend Forecast - 18th Dec 24
Silver’s Evolving Market: Bright Prospects and Lingering Challenges - 18th Dec 24
Extreme Levels of Work-for-Gold Ratio - 18th Dec 24
Tesla $460, Bitcoin $107k, S&P 6080 - The Pump Continues! - 16th Dec 24
Stock Market Risk to the Upside! S&P 7000 Forecast 2025 - 15th Dec 24
Stock Market 2025 Mid Decade Year - 15th Dec 24
Sheffield Christmas Market 2024 Is a Building Site - 15th Dec 24
Got Copper or Gold Miners? Watch Out - 15th Dec 24
Republican vs Democrat Presidents and the Stock Market - 13th Dec 24
Stock Market Up 8 Out of First 9 months - 13th Dec 24
What Does a Strong Sept Mean for the Stock Market? - 13th Dec 24
Is Trump the Most Pro-Stock Market President Ever? - 13th Dec 24
Interest Rates, Unemployment and the SPX - 13th Dec 24
Fed Balance Sheet Continues To Decline - 13th Dec 24
Trump Stocks and Crypto Mania 2025 Incoming as Bitcoin Breaks Above $100k - 8th Dec 24
Gold Price Multiple Confirmations - Are You Ready? - 8th Dec 24
Gold Price Monster Upleg Lives - 8th Dec 24
Stock & Crypto Markets Going into December 2024 - 2nd Dec 24
US Presidential Election Year Stock Market Seasonal Trend - 29th Nov 24
Who controls the past controls the future: who controls the present controls the past - 29th Nov 24
Gold After Trump Wins - 29th Nov 24
The AI Stocks, Housing, Inflation and Bitcoin Crypto Mega-trends - 27th Nov 24
Gold Price Ahead of the Thanksgiving Weekend - 27th Nov 24
Bitcoin Gravy Train Trend Forecast to June 2025 - 24th Nov 24
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

Superstitious Russians spent 30 billion on Preparing for Apocalypse

Politics / Russia Dec 27, 2012 - 11:52 AM GMT

By: Pravda

Politics

The Russians, who shared the horror of impending apocalypse with the rest of the world, spent 30 billion rubles on the eve of December 21st. The calculations were made by FBK analysts, who examined the data on the structure of trade turnover and services purchased in December. The end of the world did not come, but many people have to deal with its consequences now - the shortage of money.


The hype around the "end of the world" still goes on. There are people, who programmed themselves for apocalypse. They still believe that it is too early to relax, because the end of the world has been pushed back to another day. Some others have been living in bunkers for five days already. A more mercantile and less trusting part of humanity counts the losses from preparing for the doomsday.

Analysts of the Russian audit and consulting company FBK conducted a detailed analysis of the data on retail trade turnover, the volume and structure of paid services in the last month of 2012. As a result, they were able to figure out that the Russians spent a total of 30 billion rubles to prepare for the long-expected doomsday.

The bulk of this amount includes the range of services and products, such as candles, salt, sugar, dry alcohol, buckwheat and stewed pork. The Russians also spent a lot on drugs, including those for the treatment of cardiovascular diseases. The pre-apocalyptic spending of the Russian people was just as absurd as it was curious and even brave. Some of our fellow citizens decided to travel to the heart of Mexico, the home of the Maya, purchasing one-way tickets. Others decided to see the end of the world on paradise islands. The people who were not ready to say goodbye to their life in any part of the world, bought tickets to not so remote places - the bunkers, where they were going to survive the impending disaster.

Many Russians went to special training courses to be able to see the "end of the world" in as real men and women. During such classes, "tutors" advised their "students" should stock up on water, candles and matches instead of electricity. The "tutors" also tried on the role of psychologists and advised citizens to apologize to their friends and family, to pay off debts. Five days after the doomsday, many "students" may have regretted spending their money on such courses. However, their "teachers" and organizers of this business were happy to count the profit earned on superstition.

Insuring companies rub their hands too. The citizens, who decided to insure their lives, organized a nice bonus for insurers on New Year's Eve. Bookmakers also count their profit that they made while expecting the world to disappear.

In total, three percent of Russians were preparing for the end of the world, according to a survey conducted by the All-Russian Public Opinion Research Center (VTsIOM). At the same time, a survey conducted by Levada Center showed that the might-have-been apocalypse pushed approximately 14 percent of Russians to action.

FBK Director of the Strategic Analysis Department, Igor Nikolayev, said that in November this year, "retail trade on the fact made up 1892.7 billion. Judging by the experience of recent years, the December turnover exceeded the turnover in November by 19-20 percent, which is about 2.3 trillion rubles.

These quite conditional calculations led to the figure of 23-24 billion rubles that were allegedly spent on the preparation of the day of December 21st. Nikolayev decided to round this amount to 30 billion rubles saying that many Russians began to get ready for the end of the world before December.

Maria Snytkova

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in