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Harvard economist and former Obama advisor says Russia is 'basically a big gas station' and is otherwise 'incredibly unimportant' in the global economy
businessinsider ^ | Feb 21, 2022 | Matthew Loh

Posted on 03/16/2022 11:54:53 AM PDT by dennisw

click here to read article


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To: rigelkentaurus

Small economy, yes, but a lot of exports that the world uses.
————-
Russia’s embargo on metals just crippled our aircraft and defense industry. 95 percent of titanium and other metals from Russia…Vlad is winning….Saudi announces they will take Chinese Yuan for oil, ( end of the Petrodollar), India joins the RussiaChina bloc and states they will now deal in Yuan instead of dollars ….read the historic alerts our SEC just issued….
https://www.armstrongeconomics.com/armstrongeconomics101/ecm-armstrongeconomics101/the-ecm-march-14th/

https://www.armstrongeconomics.com/world-news/world-bank-warns-against-hoarding-and-russia-turns-to-the-yuan/

When Senile Joe instated sanctions ( SWIFT) he just dethroned the USD dollar as the world’s reserve currency , and Petro Dollar…..Saudi announced they will take Yuan for oil….watch Blackrock, JP Morgan and Citi, billions in default insurance for Russia…. Deutches Bank just lost 40 some percent….thr dominoes are starting to fall….fasten your seatbelts.


21 posted on 03/16/2022 12:25:18 PM PDT by delta7
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To: rigelkentaurus

“ferrous metals, wheat, aluminium, lumber, fertilizer, copper, nickel. titanium, boron, magnesium, gallium, hafnium, indium, niobium (columbium), rhenium and thallium”

The virtue signalers don’t even know what that stuff is or why it is important.

The “journalists” and politicians in the US are dumb as rocks—there is no cure for stupid.


22 posted on 03/16/2022 12:26:45 PM PDT by cgbg (A kleptocracy--if they can keep it. Think of it as the Cantillon Effect in action.)
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To: dennisw

Never trust a guy like Putin being backed into a corner and having the ability to launch nuclear missiles.


23 posted on 03/16/2022 12:31:02 PM PDT by Signalman
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To: uranium penguin

Oh Ya. Wheat?
———-
https://www.armstrongeconomics.com/world-news/world-bank-warns-against-hoarding-and-russia-turns-to-the-yuan/

Much more behind the scenes:
World Bank issues peculiar warning….prepare for global food shortages, Pray the US has a good planting season….if not “

“ Then I heard what sounded like a voice among the four living creatures, saying, “Two pounds of wheat for a day’s wages, and six pounds of barley for a day’s wages, and do not damage the oil and the wine!”
R 6:6


24 posted on 03/16/2022 12:32:25 PM PDT by delta7
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To: delta7

Did I mention Russia is a huge exporter of wheat and barley?


25 posted on 03/16/2022 12:33:07 PM PDT by delta7
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To: dennisw

Not all Harvard economics professors are wrong all the time.

What do you know.


26 posted on 03/16/2022 12:36:09 PM PDT by ifinnegan (Democrats kill babies and harvest their organs to sell)
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To: Signalman

Never trust a guy like Putin being backed into a corner and having the ability to launch nuclear missiles.
———
Relax, not going to happen, Vlad wins this Ukie thingy…gets everything he mentioned in his speech.


27 posted on 03/16/2022 12:36:17 PM PDT by delta7
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To: dennisw

Not many gas stations carry a large nuclear inventory.


28 posted on 03/16/2022 12:36:53 PM PDT by chuckee ( )
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To: delta7

A lot of Americans don’t even know Russia is the world’s largest wheat exporter.
They will know soon enough.


29 posted on 03/16/2022 12:40:20 PM PDT by SmokingJoe
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To: dennisw

Russia is a threat not just because of its nukes but because of its plentiful natural resources, which if allowed to be exploited, would soon result in them becoming a major global economic power. So the US geostrategy is to prevent this from happening by isolating Russia and demonizing Putin. European dependence on Russia’s oil and gas is to be prevented at all costs lest Russia be allowed to gain sway over them with such dependence. Thus our elites have decided to bring us to the brink of nuclear war to assure this will never happen.


30 posted on 03/16/2022 12:41:10 PM PDT by jimwatx
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To: dennisw

He’s not wrong. russia is basically mexico with nukes but without good food.


31 posted on 03/16/2022 12:44:49 PM PDT by Sirius Lee (They intend to murder us. Prep if you want to live and live like you are prepping for eternal life)
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To: dennisw

“University”, “professor”....nough said.


32 posted on 03/16/2022 12:53:50 PM PDT by lgjhn23 (Pray for America....)
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To: dennisw

Russia is a major exporter of: Grain, Fertilizer, Timber, Nickel, Palladium, other rare earth metals, Lithium, natural gas, oil, etc.

That’s all very useful stuff....stuff people will pay good money for.


33 posted on 03/16/2022 1:07:53 PM PDT by FLT-bird
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To: dennisw

Not so


34 posted on 03/16/2022 1:15:04 PM PDT by aMorePerfectUnion (Fraud vitiates everything.)
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To: SmokingJoe

“Is this Obama guy stupid?”

Given the fact he went to harvard I would say it’s a given.


35 posted on 03/16/2022 1:17:50 PM PDT by chuckb87
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To: dennisw

Does he say the same about the Middle East?


36 posted on 03/16/2022 1:28:11 PM PDT by mykroar (There is no instance of a country having benefited from prolonged warfare. - Sun Tzu)
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To: delta7

Signs of the End Times. Plagues, wars and rumors of wars, and famine. Do we hear hoofbeats?


37 posted on 03/16/2022 1:39:44 PM PDT by Ciexyz (Prayers for America.)
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To: dennisw

You mean the global economy that depends 100% on gasoline to function? Got it.


38 posted on 03/16/2022 1:49:53 PM PDT by servo1969
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To: rigelkentaurus

You left out palladium and gold.


39 posted on 03/16/2022 2:10:51 PM PDT by TalBlack (We have a Christian duty and a patriotic duty. God help us.)
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To: Jonty30

Yeah I’ve postulated the question to Russian defenders here on FR, what great awesome companies (Industrial or Commercial) does Russia have besides Gazprom and they really don’t have much.

I would bet Mexico or even Turkey has more international companies that do better on the international stage than Russia.

That, and the fact that every woman living there wants to run away to a western nation.

Makes you wonder how Russia even functions.


40 posted on 03/16/2022 3:12:56 PM PDT by Roman_War_Criminal (Jesus + Something = Nothing ; Jesus + Nothing = Everything )
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