Posted on 04/18/2024 6:03:24 AM PDT by delta7
Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more in the next year than any other advanced economy.
The IMF believes Russia’s economy will grow by 3.2% in 2024, in comparison, the US is expected to grow by 2.7% while Europe’s top economy, Germany, is expected to grow by a mere 0.2%. Cutting off Europe from Russian energy backfired in a major way. Foreign investments have been pouring into Russia from the rest of the world, which is eager to join the rank of “advanced nation.”
BRICS
Trade between China and Russia has spiked to $240 billion in the last year alone. World leaders have learned absolutely nothing from the previous three years. US President Joe Biden just announced new tariffs against China on steel, aluminum, and shipbuilding supplies that will be potentially raised to 7.5%, triple the current rate for steel and aluminum. “The president understands we must invest in American manufacturing, but we also have to protect those investments and those workers from unfair exports associated with China’s industrial overcapacity,” Lael Brainerd, director of the White House’s National Economic Council. The president of the US and other world leaders simply do not understand how the economy operates. Brainerd believes China is simply overproducing, and these tariffs will cause China to change its policy as it wishes to continue trade with the US, its previous top trading partner.
Trade War 2
China does not need the US to excel at trade. China’s adopted capitalistic style of business is causing nations to line up to sell to China in the same manner that they once did to the US. Now, Americans are strapped for cash, and its consumer population is declining. Biden just made it less appealed for nations like China to sell to the US. Germany is failing to grow because it continued its mercantile system of business where it feels it must increase manufacturing. German manufacturing may be of higher quality than that of China but China’s middle class is growing, and with it, so are the number of consumers amid a population of nearly 1.4 billion people.
Russia does not need the US, Canada, or Europe for trade either, as they have a precious natural resource that is in higher demand than supply. The world needs energy and fossil fuels and cannot operate without them. As hard as the climate change zealots try, they cannot eliminate the world’s dependence on fossil fuels. Instead, the West is imposing regulations and taxing its people in an effort to reduce their reliance on fossil fuels, but the demand is not there, and the infrastructure does not exist. There is no reliable alternative to fossil fuels on a wide scale.
Russia does not need to adhere to the G7 nation’s price capping regulations. Russia has effectively been selling oil to nations like India who then turn around and sell it to the West at a premium. Pettiness is poor business, and simply attempting to ostracize a necessary trade partner from the global market has backfired in a major way. Now nations like those under BRICS are trading freely without Western interference and it is becoming overtly apparent that sanctions do not work.
Russia is a state sponsor of proxy wars, sabotage, and terrorism.
Brandon banned LGP exports. In every way the Dims have a war on American energy. And energy is Russia's main export.
Russia is a state sponsor of proxy wars, sabotage, and terrorism.
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The US is a state sponsor of proxy wars, sabotage, and terrorism. Open your eyes.
If Russia actually opened their markets the giant sucking sound of capital running away from that mess of a country would shake the windows half way around the world.
The Russia love around here is amusing.
They have fewer people to feed, maybe.
So is the US, the leader by far in those categories.
Just look at Russia on a map. It has everything it needs in terms of natural resources.
Hoss, I think we can get off our high horse on those claims
Proxy wars we got plenty, Nordstream pipeline destruction, what a mystery, and hello ISIS, our terrorists-for-hire
Huh? Russia’s vast resources are mind boggling. Since vegetable head’s sanctions, 75 percent of the world’s population ( non EU) is now buying Russia’s food, oil, energy, commodities, etc while China, India, Africa, ME and SA have all side stepped the West’s sanctions and arranged trade deals.
42 more countries have applied for Brics membership, that says a lot. Money’s future is now becoming commodities based, ditching the western debt based model.
Get back with us in a few more years.
record harvest !
where have I heard this crap before!
LMAO
Cry more, neo-clown.
“Since vegetable head’s sanctions...”
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It’s amazing that some people on FR still support vegetable head’s foreign policy blunders. Not excusing things that Russia does, just wondering why these folks have so much confidence in Biden’s judgement because whatever he does is bad for the country and usually backfires on us.
Three years of foreign policy disasters should be enough to convince anyone that supporting Biden’s misadventures is not going to turn out well for us. He only makes everything he touches worse.
No they’re not but the US is.
“The US is a state sponsor of proxy wars, sabotage, and terrorism. Open your eyes.”
Obviously if you believe that then you should move to Russia.
Are you a Zeeper?
And you should move to Ukraine.
“Russia is a state sponsor of proxy wars, sabotage, and terrorism.”
True. Unfortunately, same could be said of the U.S.. Color Revolutions, Nord Stream II, Reaper drone attacks.
No my country sympathizes with the free people of Ukraine. You obviously do not.
The fact that sanctions failed was the point of Tucker’s video in the Russian stores — shelves were full despite all of the posturing by politicos on how they were gonna stick it to Putin.
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