Posted on 08/06/2022 8:40:00 PM PDT by devere
That’s a nice dream, but I think the Clintons are even more deserving.
From the article:
- Yet Russia’s financial markets are the worst-performing in the world this year.
- Putin is resorting to patently unsustainable, dramatic fiscal and monetary intervention to smooth over these structural economic weaknesses... and drained the Kremlin’s foreign reserves even with its continued inflow of petrodollars.
- The Russian government is giving subsidies to businesses and individuals to mitigate any economic shocks caused by sanctions (printing money). This “inflated level” of fiscal and social stimulus, on top of military expenditures, is “simply unsustainable for the Kremlin,” the report said.
- And the ruble’s recent dramatic turnaround doesn’t indicate a strong Russian economy, but marks something far worse: the clear collapse of foreign imports.
- The EU is now phasing out Russian energy, which could hit the Kremlin’s oil and gas profits.
- Russian producers and manufacturers are unable to fill the gaps left by the collapse of Western imports.
- The EU is now phasing out Russian energy, which could hit the Kremlin’s oil and gas profits. Such a scenario would severely strain the Kremlin’s finances.
- The country is losing its richest and most educated citizens as its economy crumbles. Most estimates say that at least 500,000 Russians have fled the country since Feb. 24, with the “vast majority being highly educated and highly skilled workers in competitive industries such as technology,” the report said. Many wealthy Russians who flee are taking their money with them.
Despite the crackdown, the Kremlin continues to rake in billions in oil and gas revenues, which helped the ruble rally to become the world’s best-performing currency this year.
But all is not well with the Russian economy.
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This is written as an inversion of our own economy where we’re told repeatedly by the media that 2 quarters of contracting GDP are not a recession.
Yes
Russia decided it would no longer be a part of the Central Banker Empire.
It lost growth in what? Boatloads of worthless Western currencies?
If you want to buy a Gucci, go to Europe, not Moscow
If you want to buy a Mercedes, go to Europe, not Moscow
If you want to sleep in a warm bed, go to Moscow, not Europe
If you want to shower in the morning, go to Moscow, not Europe.
If you want meat, go to Moscow, not Europe.
“I think Putin’s intent is to make Russia self-sufficient and protect itself from the globalists.”
It’s not necessary to be self-sufficient to be protected from Globalists, as the Globalists only reside in the West. There is still 70% of the world’s population in non-Globalist countries.
But, I agree, Putin wants Russia to stay clear of the Globalists.
“...are there still fools out there who actually believe what US corporate media is telling you about Russia and Ukraine?”
Sadly, yes. Wonder what they think of vaccines?
This sounds like what happened to our economy when congress got paid to ship our jobs to China in return for 11 pieces of silver!
Re: post 5 by Captain Peter Blood. Thanks for that link. I was reading there about the new transport corridors that Russia and Asia are constructing between themselves and about the new icebreakers Russia is building in the Arctic corridor.
FYI: Russia announced a month ago that the lifestyle Russians have enjoyed for the past 20 years is over and will not come again for at least another 40 years. Further, Russia will be returning to the Soviet economy - capitalism is dead, as it seeks to restore the Soviet borders.
... Chinese businesses for their assets.There is a lot of money to be made in substitution.
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Yes there must be, as Micky-D’s substitute for beef in its burgers is some unidentified rotting meat. Dog? Cat?
Commonly said that Russia’s economy is the same size as Italy’s BUT>>>
August 3, 2022
According to Sapir, the reason for this disparity is exchange rates. If you simply convert Russia’s GDP from rubles to dollars for comparison, it would be seen as an economy as large as Italy’s. However, such comparisons are meaningless without adjusting for purchasing power parities, (PPP) which account for productivity and living standards, and thus per capita welfare and resource use. In fact, PPP is the preferred measure of most international institutions, from the IMF to the OECD.
So what happens when the PPP methodology is used to compare the actual size of the Russian economy?
Doing so reveals a much larger and significant beast – it becomes clear that Russia’s economy is rather more similar to the German economy at about US$4.4 trillion versus Germany’s US$4.6 trillion.
MD had almost the entire supply chain domestically, under own control. It belongs to a new company in its entirety, all manned by the very same people. It is essentially what it used to be.
Well there's your problem right there. After a decade of 24/7 leftist propaganda, and outright lies from this source (Yahoo), you'd think Freepers would know better than to quote from it.
The strong Ruble is irrelevant. The Ruble won’t buy anything outside of Russia
They can sell oil but that’s all.
The Russian industrial capability, limited as it really is, is shutting down. Russian industry relied on the world for components that are no longer available. The consumer goods and food imported in very large quantities is all gone.
The theme for Search for Red October included the wife’s death and a lack of aspirin. One wonders about acetominiprin and ibuprophin. In the early 90’s a small baggie with only 10 tablets bought by the hundreds at Sam’s opend doors in Russia. I doubt if Russia ever developed the ability to make them at home. Ditto pantyhose, ditto vise grips
Oh!! you got to mention Soros and Globalism.
Yes, he’s good at hurling ad hominem insults, and apparently nothing else.
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