Posted on 09/09/2023 6:36:52 PM PDT by USA-FRANCE
(Video) - Russia's Invasion of UKRAINE has caused Major Problems for the Russian Economy as Trade with Europe & the West has collapsed and Changes to the Global Supply Chain caused by the SANCTIONS have caused further problems. The value of the Russian Ruble has COLLAPSED over the past 12 months. On 14th August the value of the Ruble fell to more than 100 against the US Dollar for the FIRST TIME IN HISTORY. As a direct result the Russian Central Bank called an Emergency Meeting and Hiked Interest Rates by 350bps to 12.0%. The immediate result was an increase in the value of the Ruble however over the past 2 weeks the value has started falling again and is now heading back towards 100 to $1. In this video I discuss this issue in more detail and the implications for the Russia Economy & its population.
Russia will be fine, because it doesn’t need the outside world as much as other countries. If Russia has to go internal, the prices within that country will just adjust, but it will be fine.
If I were you, I’d be a lot more concerned with the Holodomor that is headed your way.
12% interest rates are going to freeze up investment.
“Russia will be fine, because it doesn’t need the outside world as much as other countries.”
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Actually as the video explains Russia is very dependent on other countries.
For example it has depleted most of its ammo already.
They are now begging North Korea for help, to supply them urgently with ammunition. This is just an example among many.
What mineral wealth does Russia lack?
It might have used up its supply, but that doesn’t mean it can’t make more. Russia’s weakness is the oligarch system that operates it. Oligarchs are the ultimate socialists, only caring about what they can draw from the system for themselves.
Oh no!!!!! Now Russians have to pay more for their Gucci’s. Pretty much everything else is self-sufficient, particularly energy.
Oh, and by the way speaking of energy, how’s that $60 Oil Price Cap going these days - you know, to ‘punish’ Russia by limiting what the world will pay them. I still remember people here claiming that Russia didn’t have insurance companies or ships, so no way to export oil!!!!
Talk about WISHFUL THINKING - anyway, the Price Cap is DEAD, DEAD, DEAD - even the US opposes its own price cap (since the net result is driving up the price Americans pay for oil, LOL).
“For example it has depleted most of its ammo already.”
LOL!!! There are hundreds of thousands of Ukrainian families that might disagree with that!
“They are now begging North Korea for help, to supply them urgently with ammunition.”
Actually, this is the Russian way of ‘thanking’ South Korea for sending their munitions to Ukraine.
“12% interest rates are going to freeze up investment.”
That’s actually on the low side for Russia. Just because the US prints money non-stop to hold down rates doesn’t mean the rest of the world does the same.
The ruble is stronger against the dollar than it was one month ago.
Russia's economy is growing faster than it was expected to at the beginning of the year and is better than our economic growth rate.
https://www.rt.com/business/582529-russian-economy-outperforming-expectations-peskov/
The Russian Finance Ministry and the central bank expect the country’s economy to grow by 2.5% or more in 2023.
The US economy grew at an annualized rate of 2.1% in the second quarter of 2023, compared to the preliminary figure of 2.4% and the first quarter's expansion of 2.0%.
Sorry, but, you have no idea what you are talking about.
Russia, even as a big country, can’t go it alone. The world is basically one world acting as a country, where each state or country, contributes and consumes dependent upon what other countries do. Trade is worldwide and no one country can go it alone. The dictators of some countries, and many people who are ignorant of how economies work, believe that going it alone can work for a country.
“If I were you, I’d be a lot more concerned with the Holodomor that is headed your way.”
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I’m concerned about russian citizens, suffering from their Kremlin neocon deep-state politicians launching unnecessary foreign wars. They need an anti-war guy like Trump in Russia!
Well.... they had one... Navalny.. but they sent him to rot in prison!
+200.000 dead russian citizens (soldiers) already on the killing fields of Ukraine. A russian depleted army (already!), forced to beg on their knees to Kim in North Korea... hoping he can sent them some ammo...
They also killed 70.000 Ukrainian civilians and military personnel.
We should all push Russia to end its neo-soviet wars and annexations of sovereign countries / America’s allies.
I do believe that Russia can go it alone, if it has to. It doesn’t lack for anything. What raw materials does Russia lack that it must get from the world?
I did say that there would be price adjustments, but there isnt’ anything that I can think of that Russia needs to get from the outside world.
Putin only drives German cars
Isn’t that ironic?
“Putin only drives German cars
Isn’t that ironic?”
Russia hurt for a while regarding cars. They took care of that this year, and now back at normal production, although you don’t get air bags and anti-lock brakes (which probably pisses off Ukraine War supporters, but otherwise don’t provide any benefit).
By the way, how would France and the US do in producing cars without their huge imports of Chinese parts and materials?
Oooooohhhh
So afraid of BRICS...
500,000 dead Ukrainian soldiers, but then you’re so brave you’re willing to fight to the last Ukrainian life.
Without advanced Western electronics and semiconductors which Russia cannot produce, they stand no chance in the long run.
They could get some low-grade Chinese production, but that won’t be enough.
Russia might team up with China and invade Taiwan to forcefully get the world’s best semiconductor production systems... But then we would be in WWIII.
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