• They pointed to Russia's outsized military spending, which has come at the cost of its private sector.
• Russia's finances look rocky in other areas as well, thanks partly to Western sanctions.
VIDEO: RUSSIAN ECONOMIC INFORMATION
RUSSIAN Ruble Starts to Collapse
Joe Blogs
383K subscribers
8-22-2024 2:00 p.m. EDT
Minutes 22:39
https://www.youtube.com/watch?v=WDjR67dmnHo
In this video I look at the recent performance of the Russian Ruble and what is happening to Inflation, Interest Rates & Producer Prices in Russia and discuss the implications on the Russian Economy.
For specific details please check out the CHAPTER list below.
Chapters:
0:00 Intro
2:36 RUBLE
8:20 INFLATION
11:46 INTEREST RATES
14:12 FOOD INFLATION
15:08 PRODUCER PRICES
16:54 SUMMARY & CONCLUSION
Thank you, Mom. It’s always pleasant to have the always truthful, never agenda-driven Business Insider,
Those stupid Russians should take a cue from America and operate with a balanced budget instead of burying themselves in trillion of rubles debt.
Wait!
What?
Never mind.
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... to be added to the best Zeeper-provided entertainment since Paul Shanklin parodies, ping me bro.
Russia is the richest and best armed nation on the planet.
Ok so we are spending hugely. All of it is additive to the US debt. Russia is literally trading products for oil gas and gold which it has in abundance. It’s economy is growing. It has very little debt. And there are plenty of jobs. The war has been going on for about three years and everyone has been saying that Russia can’t do what Russia is doing. They say that BRICS will never work but a hundred new countries want to join. So, is Russia in trouble. Not sure how you defend that. They are better off now than when the war started. They control more of Ukraine now. And Ukraine has run out of men to fight. This war is done. Russia won.
Yep. Russian job growth was revised downwards by 800K over previous figures over the last year. Ooops, those numbers were from some other lying government.
Sorry, Mom. Marcus Maximus has taken your place as Head of Zeeper Disinformation.
“OUTSIZED military spending”?!? What crap! This is the most ridiculous thing you’ve posted yet. $71billion for 2024 which enables Russia to continue kicking NATO’s arse. We spend a TRILLION when you include intelligence. NATO, 1.5TRILLION!
71billion vs. 1.5 TRILLION is outsized military spending? Thanks for the laugh. Keep them coming. We’ve missed your Uke corruption comedy routine.
Western Sanctions really haven’t hurt them, they are concentrating on the BRICS and Eurasia along with expanding their trade with China. Meanwhile the west is in Deep Debt and getting only worse.
The strongest currency right now is the Russian Ruble which is backed by gold and Russia has very little long term debt.
If only the U.S. was in that kind of fiscal shape.
What happened?
Too bad you don't care enough about this country to offer a prayer. You do it only when someone challenges you about it.
Since you're too busy spreading lies, I'll post a prayer for the greatest country on the face of the Earth.
God have mercy on America...
Can we get real about looming catastrophes? The US currently holds a staggering $34 trillion in national debt, equating to 107% of its GDP. This ticking bomb compares very badly with Russia whose debt-to-GDP ratio is a mere 17%. Just servicing the interest on that gargantuan $34 trillion monument to the Peter Principal consumes 76% of ALL income tax revenue collected and exceeds the entire US defence budget. And that’s just govt debt- factor in the nation’s personal debt and liabilities and Russia is doing much better than we are.
This assessment is widely shared by economic experts.
The spammers are back. Propaganda from Kiev, propaganda from Moscow. It’s a family affair, feuding brothers.
Carnegie Endowment?:)
Look at the Russian debt, compared to that of the US.
What shopping spree they are talking about?
There are two primary sources of Russian growth.
The return of capital that is not much interested in a flight abroad anymore.
Import substitution on the departure of foreign businesses.
Government “shopping spree” in a reason #936.
Change the word “Russia” to “United States” and you’ve got the same situation, IMO. The only real difference would be that the increased spending by Russia on military efforts is replaced by needless social programs spending in the United States.