Posted on 08/07/2022 10:09:11 AM PDT by dennisw
Russia most sanctioned country in the world and the West and US getting hit harder and far worse than Russia. Sanctions failed, utterly.
Good post.
So Obama, the guy in the professors lounge making snarky smart assed comments, was wrong when he said it’s just a “gas station with a nation”?
Russian propaganda, yet again. We all know that Russia is in Deep Shiite, since the Daily Mail told us so.
I agree here that much of what Americans and Europeans call their GDP is fluff. Our service sector is very fluff ridden. In the US, we have a 100 million dollar lawsuit that one side wins. This 100 million is counted in our GDP? I know that the labor and billing by the two opposing sides of lawyers teams will be.
The PPP argument is an interesting one.
How much of the USA’s GDP is based on financialization and financial products trading? Bloated Government at all levels? Services that are not critical to any basic part of the economy?
So you like the message in today’s fortune cookie?
People can look at the same set of facts and come up with completely different conclusions. We’re being lied to. It just depends on by whom.
“wishful thinking” is the foundation of this administration’s policies...
Trying the sanction a country-no matter which, with the natural resources that country has is like trying to piss against a hurricane force wind to put out a fire.
Nobody knows what is underneath the ground in that country. Its what? 11 time zones wide? All that territory and I would bet a whole lot of it unexplored.
Politicians are proof at how ignorant and worthless dumb they are.
They usually do fail.
Good solid economic analysis most likely by someone who is NOT paid to say the Russian economy is weak.
Russia most sanctioned country in the world and the West and US getting hit harder and far worse than Russia. Sanctions failed, utterly.
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Sanctions have never prevented war. Think Japan , what happened when we sanctioned them? Dec 7th,…Punitive sanctions cause war. As long as the Ukie war cheerleaders keep crying out for war, war, war, there will be no Peace.
Do keep in mind Russia is totally self sufficient, they have what the West needs.
When do people wake up and realize EVERYTHING vegetable head Joe supports, mandates or instates is designed to cripple America. Keep it up war cheerleaders, backing Joe’s Ukie war is backing a very dark horse…reality is raising its head. America ( and the West) dives deeper into unpayable debt, ( just look up the debt to GDP ratios), while Vlad keeps raking in the cash. Hint: they have no intentions of ever paying that debt, the consequences will cripple the West. By design? Or just shear stupidity?
So why is the West so intent on committing suicide?
You lost me at “French economist”
Transfer payments are not counted as part of GDP, the market value of all final goods and services produced within a county during a specific time. You are correct the labor services etc by the law firms involved is counted.
Russia is a country the size of a continent, with enormous oil resources, enormous resources in general, backed up to a continent also packed with enormous resources.
And they had years of sanctions to prepare them. I’m actually surprised at what damage sanctions have done, at how much they continued to be dependent on outside technology. But in the end sanctions only forced them to build an economy that is fairly independent of the outside world. McDonalds closes, food prices go up 20%, but people still eat. They can’t get parts for some of the fancy electronic googaws, but they can still do it old-school and it gets done.
Thats why, prior to the war, when Biden threated more sanctions if Russia invaded, I said that was the equivalent to a green light.
Piling more sanctions onto Russia does very little. They are necessary, but no one should imagine that sanctions alone will do anything much more than force Russia to redirect its supply chains away from Europe and America. An annoyance but not unsolvable. It forces Russia to sell some of its oil at a discount, but at a hundred dollars a barrel, they can sell at a discount and the discount is more than the pre-war prices. So not much of a problem.
Russia is in better shape than the EU.
Simple truth, my view anyhow: Cause the West and US filled with delusional idiots.
They were already beat down so much, they are really only losing the butter on their bread
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