Features
Letter from one Russian dissident to another dissident
The April 13, 2022 issue of The Jewish Post & News carried my article, “Conversations with a Friend in Russia,” about the war in Ukraine.
My friend and I have continued to exchange messages about the ongoing illegal war of aggression by Russia via a secure network.
Here is an edited version of a recent long letter my friend asked me to send via email to Russian dissident émigré Mark Feygin.
Feygin is a former Russian lawyer and human rights activist. He also served from January 1994 to December 1995 as a deputy of the State Duma and was the vice mayor of Samara, notes Wikipedia.
In 2011 and 2012, Feygin was active in opposition to President Vladimir Putin, and announced that he was forming an opposition party. Since the February 24, 2022 Russian invasion of Ukraine, he has gained a following on YouTube, hosting daily discussions with Ukrainian presidential advisor Oleksiy Arestovych on his channel. I have made some minor grammatical and syntactical corrections to the letter.
“Dear Mark!
“I hope my letter will not only reach you, but you will find time to read it. I considered it important to share with you the following considerations. I developed them as a result of a long – since February 24, and continuing all the time – following the course of Putin’s war against Ukraine.
‘“… this (Putin’s lies) is not obvious to the Russian layman …”’ These were your words in the New Year’s Eve stream at Zhdanov’s. That’s exactly what it is – for the main contingent, from which Putin’s occupying army is replenished, Putin’s lie is not obvious! This category of citizens has their brains blocked by many years of Putin’s propaganda. But it is necessary to make sure that Putin’s lies, his real war crimes and crimes against his own people become obvious even to the most recent idiots in this country! We need replacement drivers in their primitive and zombied brains.
“Why is it important to do this now, and not wait until Putin is somehow demolished and his accomplices, remaining in power, begin to explain to the masses that the dwarf ‘turned out to be not a father, but a bitch’ (as Andrey Piontkovsky voiced this scenario).
“This must be done now, in the midst of the war; because the doubts sown in the brains of marginals deformed by Putin’s propaganda is a real mechanism for influencing their motivation. This is a real mechanism to reduce the ranks of creatures ready to become consumables in Putin’s occupying army. The more degenerates join the ranks of the occupying army, the longer the war will last, the longer the torment of Ukrainians will continue, the more destruction there will be in Ukraine, the longer the maniac will be able to continue his terrorist activities. Therefore, it is important to reduce their ranks and change their motivation.
“The human psyche is a plastic material, an easily induced substance, but in order to reorient it, it must be acted upon. Putin’s propagandists, for their part, make an active direct impact on the brains of this redneck mass (and very effectively), but there is no counter-influence on this contingent.
“Clever verbose analytical streams of opposition bloggers and experts do not solve the problem of suppressing the drivers operating in the heads of this category of the population. They do not hear and do not listen to these clever arguments.
Here, Kiriyenko calls on the masses to make this real terrorist war the people’s war…. And, who is calling the Russian layman to the people’s war against Putin and his occupation regime?
Some of the citizens come to understand the realities themselves. But the majority in this demographic cohort won’t make it on its own. If such appeals are heard, then (it must be done) in the verbose context of analytical reasoning and assessments.
“But in this format, these appeals will not pierce the brains of idiots. They must be broken through with short and sharply directed formulations – directly calling Putin the only enemy of their homeland, of their nation.
“Cattlemass, which includes representatives of all social categories of citizens, does not care about the suffering of Ukrainians. On the contrary, they rejoice at this because they have already had hammered into their heads that their enemies have settled in Ukraine, and Putin is their protector. These deformed brains cannot be reoriented by clever reasoning and revelations.
“They need to briefly and clearly drive other formulas into their minds: that Putin is an enemy of the Russian (their) people; that Putin has plundered their country and is now finally destroying it; that Putin is an enemy of Russia, destroying the population of their country, exterminating them; that Putin is depriving their children and grandchildren of a future in this country; that each of their volleys in Ukraine is a volley that destroys their own country; that those who serve Putin are traitors to their country and there will be punishment for this; that Putin in power in Russia is Hitler’s revenge for the defeat in the Second World War, etc. – that Putin must be destroyed in order to save Russia and restore a normal life in their country for themselves.
“Your own shirt is closer to the body” and this should be emphasized in the information war. For them, these formulas should sound short, repeated and continuous. Otherwise, the majority will not reach.
“The lamentations of some well-known anti-Putin and anti-Russian bloggers-journalists that ‘Russians are genetically predetermined slaves’ are not just stupid and unfair (remember how the people rose in Khabarovsk, at least) – they are harmful, because they only help Putin’s mafia to consolidate the rednecks around Putin and use them as an instrument of his crimes.
“For the benefit of the cause of victory over Putin’s evil, it is necessary to reprogram these deformers as far as possible, in all possible ways, right now. Seeds of doubt can only germinate if they are thrown into the ground. Otherwise no.
“There is such a formula: “If a person is told every day that he is a donkey, he will soon scream like a donkey!’
“This is how the human psyche works. Putin’s propaganda actively and aggressively uses this principle, it is built on this. And it gives results, as we all see. And yet there is no effective counteraction to this in the information war! The situation in the information field is similar to the situation in the real war on the combat front, where the defenders of Ukraine are forced (so far) to respond to massive shelling by the occupiers only by shooting down missiles in their skies and destroying the occupiers within their own territory.
“In the information war, Putin’s people are persecuting lies, but by a method that affects simple brains. They aggressively stigmatize the victims of their aggression as ‘Nazis’, attribute all their own crimes to the victims, inspire their inhabitants that this is a holy war for the ‘defense of the Russian world’, etc. In the brains of Russian inhabitants (in very many) induced by Putin’s propaganda, there was a merger of retrospective images of the Second World War with their perception of the current acts of Putin’s occupiers as the war against enemies. And, in response to that from the so-called opposition on the information field, only wordy explanations of the depth of the maniac’s mental deformation, endless exposure and ridicule of his paranoid delirium, repeated discussions of his health and the vile tricks of his lackeys, etc.
“This also needs to be voiced, of course, but this is absolutely not enough to achieve a result. Where are the active direct accusations and calls for a people’s war against the occupiers? The information war on the part of the anti-Putin forces should change from debatable and explanatory to offensive and accusatory, calling for resistance.
“Moreover, now the long-winded and repeatedly repeated arguments of anti-Putin bloggers also come with oppositionists (true and pseudo) attacking each other and their mutual denials. I do not give examples, they are well known. Well, what result should be expected from such an ‘information war’? Oppositionists cease to be trusted. The opposition seems to be there, well, at least this, but the result? In the current format, these moans of the opposition can last forever.
“To achieve success on the field of “information warfare” an active, aggressive counter-action is needed. We need a consolidation of all forces, and not neurotic outbursts and mutual pecking. If there is real resistance, it will objectively work to sow doubts in the zombie brains of the bulk of the Russian layman, reprogram them – point them to their real enemy, urge them not to become accomplices in the destruction of their own country. Moreover, it will be pure truth, reinforced for them by what they experience every day in their own skin. They experience, but endure and do not think about the reasons, because they are under hypnosis. There is no anti-hypnosis. There is no massive ‘trench agitation’. (It is all the more strange that it does not exist in a country with such historical experience – let us recall what successes the Bolsheviks achieved with their “trench agitation”).
“Orcs can only be changed by driving other motivating blocks into their minds – that their real enemy is the one they currently serve. There are still surprisingly few examples of such active offensive work on the information front (as Arestovich said – “little, bad, not enough” – that’s exactly the case here!)
“A positive example of how this should be done is the New Year’s address of the Minister of Defense of Ukraine Reznikov. Everything is on point, strong and concise. It is all the more strange that “trench propaganda” is not used by anti-Putin informationists, when a maniac and the actions of his gang provide abundant objective texture for guilty verdicts and calls for a people’s war against a real enemy.
“These accusations and appeals must be made not only on some Telegram channels and (intricate, lengthy, often contradictory) on some YouTube streams, but in 24×7 mode, on all possible channels, briefly, persistently, with conviction and clearly.
“It is necessary to use all available modern technologies in order to convey the necessary messages to the addressee. It is necessary to hack federal TV channels and load them with the necessary content (experience with regional TV has already begun to appear).
“It is necessary to hack the loading of advertising plasmas on the streets of big cities and display the necessary frames and appeals on them. (It is technically possible, because there was a case when an amateur hacker put a porn video on Moscow street plasmas). Well, and so on. Do it now, and not wait until after the victory over Putin’s fascism. Information warfare is important as a direct instrument of real physical warfare, but to be effective it must be carried out with methods that penetrate to the target.
“That’s all for now. But, there’s a lot more to say.
“Respectfully,
“Good luck and victories in your fight!
Features
Exchange Rate Factors: What Global Events Mean for Savvy Investors
When Russia invaded Ukraine in 2022, it created ripples in all financial markets, including currency markets. The Euro weakened while the dollar surged and emerging market currencies wobbled. Global factors can quickly affect financial markets and shake established trends. Apart from such rare events, currencies tend to change their price because of interest rates, inflation, and overall investor confidence. For investors managing money abroad, understanding these movements is critical to avoid losses and mitigate risks.
Below, we will break down how global political, economic, and cultural events influence exchange rates, with insights for savvy investors.
Economic factors
There are several key exchange rate factors with a consistent history of shaking financial markets. These factors include inflation, interest rates, trade balances, employment rates, and so on. Since economic factors are shaping markets almost daily, we start with those.
Inflation and interest rates
Inflation and interest rates are closely connected as one can easily affect the other. When inflation rises, central banks step in and raise interest rates to reduce inflation, and when inflation is lower, central banks can lower interest rates to make borrowing money cheaper. As a result, investors closely monitor these two metrics to anticipate changes in interest rates. Higher inflation makes currencies weaker, and whenever banks change the rates, the changes are immediately reflected in global currency rates. In the United States, the Federal Reserve is the central bank that sets interest rates in the country.
Trade balances and economic growth
A country that exports more than it imports has a stronger demand for its currency. More demand equals a stronger currency. However, the Japanese yen was always weaker against the dollar because the BOJ of Japan tends to have super low rates near 0 to support its exporters. Economic growth also increases demand for local currency as more investors try to invest in the country’s economy. Long-term investors often track this data to detect early signs of any changes in currency strength.
Political and geopolitical factors
Elections, sanctions, and overall political stability are also crucial factors. If the country gets under sanctions, its economy crumbles and its currency becomes inflationary, losing its value quickly. Elections are also crucial for a currency’s strength. Geopolitical events can have a serious impact on the currency as well. The most obvious example is the 2016 Brexit events that made GBP lose its value rapidly and violently. Global conflicts, such as wars, can seriously impact global financial assets, especially currency markets. When tensions are high, safe-haven currencies like USD and CHF (Swiss Franc) become very popular among investors as they seek a safe place to protect their capital.
Cultural and social factors
People like tourists, workers, and diaspora communities can shape currencies as well. Tourism usually drives seasonal demand, and countries that are popular destinations during certain seasons experience their currency appreciation as demand spikes. The perception matters as countries seen as safe and opportunity-rich tend to attract more investors, solidifying their currency strength.
Technology and innovation
Technology is seriously affecting everything, especially the financial sector. Digital payment systems, blockchain technology, and fintech startups have made it easy and swift to move money around. Cryptos and stablecoins enable investors to protect their capital using stablecoins during volatile times. The latest trend among banks is to work on CBDCs, which signals a new era where national currencies are blended with technology and blockchain. Despite this, currencies, even in their crypto form, will continue to be influenced by all major factors mentioned above, and knowing how these factors impact your currency is key to keeping your capital safe from risks.
Practical lessons for savvy investors
So, what do all these factors teach us about global currency rates and investing strategies? The key lies in proper preparations and anticipation. Monitoring macro trends, policy announcements, and major geopolitical and political developments is critical.
Diversify
The number one method which is used by professional investors is diversification. This simply means to spread your risks across a basket of assets. By not investing all your capital in one instrument, you can mitigate risks. If one asset experiences a loss, other ones will counter it with returns. Building a diversified portfolio is key to properly diversifying. For example: divide your capital to buy stocks, commodities, currencies, and cryptos so that if one fails to perform, others will counter it. This ensures a stable income without unnecessary losses in the long run.
Hedge
Forex options and ETFs are great hedging assets. Forex options let investors lock in an exchange rate for a future date, which is very useful if you expect volatility but want stability. Currency ETFs, on the other hand, track specific currencies or a basket of currencies and allow easy trading or protection without trading forex directly, but they are still risky.
Monitor the economic calendar
Economic calendar is a free online tool that aggregates important macroeconomic news data such as interest rate decisions, CPI, inflation, employment rates, central bank announcements and speeches, and other crucial information. By monitoring them, investors can always know when important news data will be released, and they can postpone their investment decisions to avoid volatile times and only invest after the main trend is determined.
Features
The Canadian Dollar is on a slow decline. Should you save in euros or US dollars instead?
The Canadian dollar has been losing its value against the dollar this year. For Canadians, this raises a simple question: if your CAD is losing ground, is it better to move savings into euros or U.S. dollars, especially bonds, stocks, or a carry-trade strategy? Carry-trade strategy in this context means to borrow in CAD and invest it in the USA or the EU zone. This is a complex matter, and to understand where the CAD is, how attractive other currencies might be, we need to analyze these currencies more deeply. Below, we will walk you through the data, practical costs, and risks so you can reach a usable conclusion after reading this guide.
Quick snapshot – What the markets say right now
Recently, the Canadian dollar has hit multi-month lows due to weaker oil prices and a post-Fed (U.S. Federal Reserve) market reaction (which raised the rates, making the CAD weaker against the dollar). Canada’s central bank has cut its policy rate to 2.25%, while the Fed’s fund rate remains notably higher at about 3.75-4%. The ECB (European Central Bank) main interest rates are lower than the Fed’s and near the low-to-mid 2% range. While the Euro currency to USD rates remain mostly predictable, due to higher US bond yield rates, the EUR remains stronger, still. The U.S. 10-year Treasuries are around 4.1%, Canada’s 10-year near 3.2%, and Germany’s 10-year around 2.7%, meaning that today the USD-denominated bonds have the highest nominal yield among the three. As a result, the dollar seems much more attractive when it comes to bond yields and stocks.
Bonds – Which currency is the best for fixed income?
The short answer is: USD bonds. When it comes to nominal yield alone, US bonds beat almost all other competitors. U.S. government bond yields (10-year) are noticeably higher than Canadian and German/Eurozone bond yields right now. As a result, US bond buyers have more income potential than Canada and the EU. Euro-area core yields are lower, meaning they are paying less than the USA.
However, nominal yield does not mean it is guaranteed real return, and metrics like inflation, currency rates, and hedging costs can impact potential returns directly. If you buy USD bonds but the dollar falls against the CAD, currency losses will most likely wipe out the higher yield rate. If the Fed lowers its rates, it will make the dollar weaker against the CAD and EUR.
Another challenge is that, if you live and spend in Canada, you are using CAD, and when exchanging it for dollars, you get exposed to foreign currency rate risks, which must not be underestimated.
Stocks – Euro or dollar?
Both the EUR and USD have their advantages. USD has strong liquidity and strong long-term performance, while EUR equities offer valuation opportunities and recent relative strength.
Why USD?
The U.S. market remains the most liquid stock market with strong earnings for many tech and large companies. This makes USD stocks very attractive for long-term-oriented investors. S&P has been rising historically, and even after crashes, it often recovers its value relatively quickly.
Why EUR?
European indexes have performed well this year and in many cases cost less than their U.S. counterparts. While cheaper does not always mean better, these indexes still have some growth potential. Some major banks in the EU zone, together with industries, have recovered strongly with a recent focus on military manufacturing, making many EU stocks very attractive, together with local indexes.
However, here is a caveat: if you are using CAD daily and it loses its value against the euro, the returns from euro holdings might shrink, exposing you to greater currency risks.
Carry-trade analysis – Is it viable to borrow CAD and invest it in USD or EUR?
The basic promise of carry-trade is simple yet powerful: you borrow cheaper currency and invest it in currencies with higher yields. In our case, is it lucrative to borrow in CAD and invest in either EUR or USD? To answer this question, we need to look at numbers. BoC policy rate is 2.25%, Fed funds from 3.75%, U.S 10-yr is 4.1%, Canada 10-yr is 3.2%. If we deduct Canadian rates from the U.S. rates, we get around 1.8% positive before costs. So, in theory, it could be lucrative to invest CAD in USD assets using a carry trade. Since the ECB has around 2%, it is not profitable to use a carry-trade strategy for the euro.
The bottom line
While the CAD has been weakening lately, it is still not cheap enough to naively invest in USD or EUR. However, if you want a pure yield and can tolerate foreign exchange rate risks, USD bonds are more attractive today. When it comes to stocks, USD equities provide stable and liquid markets. If you want valuation potential and diversification, then euro equities have become more attractive this year. When it comes to carry-trade strategies, the USD remains more lucrative than the euro, but on paper, traders and investors should evaluate all the risks and costs before investing in any currency.
In the end, Canadians who have CAD for their daily costs should be careful when trying to get exposure to other markets. US bonds, US stocks, US carry-trade, and EU stocks remain attractive choices for experienced investors.
Features
Why Reading Online Reviews Matters Before Making a Purchase
People usually pause before purchasing to read reviews from other customers. It’s become part of everyday online life, a quick way to see how something really performs before making a decision. According to the Pew Research Center, most internet users read reviews to get a better idea of what they’re buying. The feedback from actual users becomes more reliable than marketing statements because it comes from everyday consumers instead of sales-oriented corporate messages.
Reading reviews also helps spot patterns. If the same comment, good or bad, appears again and again, it usually means there’s truth to it. People now use this collective feedback as their main method to evaluate online products and services for quality and reliability.
When There Are Too Many Options, Reviews Narrow the Field
Shopping online can be overwhelming and a bit of an adventure. There are always more options than anyone needs, hundreds of gadgets, countless household tools, endless entertainment subscriptions. All listings present themselves as excellent value propositions with operational excellence, yet it remains a bit of a challenge when it comes to verifying which ones deliver actual results.
Reviews become useful at this point. Real users provide information about product details, which marketing content fails to show, by sharing their experiences about delivery speed and setup ease and product durability after several months of use. The product details show its operational behavior when used in regular business activities.
Users tend to begin with reviews. For instance, a tech product might have amazing packaging but fall short on battery life or integration. Maybe a new game or casino platform might sound promising, and reviews on trusted choices can confirm whether it includes flexible payment options, a wide content library, and responsive support. When feedback keeps mentioning strong points like clear instructions or helpful customer service, it shows consistency. The product or service delivers its expected results because customers have personally seen its performance.
Reviews Build Faith Through Shared Experience
Reviews gain their strength from the emotional bonds which readers find with each other. Reading about someone else’s experience feels familiar, even if you don’t know them. It’s basic word-of-mouth marketing, like receiving recommendations from a neighbor who has already purchased the item you are considering.
This shared experience has built an informal community of online voices. People rely less on what a brand claims and more on what other users notice. When different reviewers mention similar strengths or small frustrations, it adds authenticity. The story becomes more believable.
Reviews show what other users have experienced, but they do not offer any guidance about what to do. This type of his collective info turns into an important part of how people build trust online. It’s a small thing, but it makes a big difference in how confident we feel about the choices we make.
Balanced Feedback Feels More Honest
A perfect score does not prove that something lacks any imperfections. A combination of positive and less-than-perfect feedback creates a more authentic impression. Small complaints about packaging or delivery delays make glowing reviews sound real. A recent study showed that participants answered honestly instead of trying to make their responses attractive to others.
Most readers know that nothing works flawlessly all the time. People look for reviews which provide both positive and negative aspects because they want to find balanced opinions. Customers can establish realistic purchase expectations through combined information which they can apply before buying. Review systems maintain their value because reviewers maintain honesty in their assessments.
Why Recency and Volume Matter
The best reviews and product ratings are the ones written recently. They reflect how a product or service performs right now, not how it worked a year ago. Things change, materials, delivery services, and even the way companies handle support.
A steady flow of new reviews suggests consistency. When lots of people share their experiences over time, patterns appear. Those patterns tell readers what’s typical, not just what’s possible. It’s the difference between one person’s lucky experience and a reliable average that others can count on.
Quantity matters too. Ten balanced reviews from this month will usually tell more than a single five-star comment from last summer. Together, recency and volume create a clear picture of reliability and quality without relying on assumptions.
Recognising Genuine Reviews
Not every review online is authentic, real, and written by a consumer. Some are written by automated accounts or people hired to post positive comments. Real feedback tends to sound natural and personal. It might mention something specific like the texture of a fabric, how easy the setup was, or whether support staff replied quickly.
Authentic reviews vary in tone and detail. Some are short, others long, some are full of small observations. That mix of styles feels human. On the other hand, copied or fake reviews usually repeat the same phrases or sound overly polished.
Many websites now try to identify and label suspicious posts, but readers can also help by paying attention to repetition, timing, and tone. A quick scan across different platforms usually reveals what’s genuine and what’s not.
Reading Smarter in the Online Marketplace
Reviews have become a solid foundation for how people make decisions online. They give an honest view of how something performs beyond what’s written on the label. Every comment, short or long, adds another piece to the puzzle.
More than that, reviews show how businesses handle problems, how quickly they respond, and whether they follow through on promises. They offer accountability in a world where shoppers and sellers rarely meet face to face.
Reading a handful of reviews won’t guarantee a perfect experience, but it provides helpful context. It shows what’s typical and helps people make choices with more confidence. In an online world full of noise, reviews remain one of the easiest and most reliable ways to learn from others.