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To: Owen

“The largely superior Russian equivalent...”

Well, superiority is immaterial if you can’t afford to mass produce the thing and deploy it to your troops on a wide enough scale for it to make an impact.


3 posted on 04/21/2022 7:54:01 AM PDT by Boogieman
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To: Boogieman

What does “afford” mean?

The Federal Reserve creates from thin air trillions of dollars. This happens whimsically over the past 10+ years. It was to provide dollars to the now $30 trillion in government debt. Government debt is bonds. The process of buying a bond is lending money to the government. The Fed did that, with dollars created from nothing.

Why would you think Russia does not also have a central bank? They can create all the required pieces of paper with ink on them that the Fed does. Whimsical processes are identical.

The only difference is Russia hasn’t accumulated $30T in Ruble equivalent that they will never repay. Their debt to GDP ratio is a mere fraction of the US.

And more important, their GDP is not defined by government spending — or by bytes of movie entertainment. Rather, it is defined by the joules of energy in oil and gas.


5 posted on 04/21/2022 8:40:53 AM PDT by Owen
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