Clearly not to the military?
Posted on 05/20/2024 8:56:18 AM PDT by Kazan
Russian economy grows by 5.4% in the first quarter of 2024. Retail turnover is up 10.5%, manufacturing is up 8.8% and construction is up 3.5%.
Western sanctions against Russia seem to only have hurt Western economies with Germany at 0.2%, UK at 0.5% and France at 0.7% growth.
2:31 PM · May 19, 2024 · 155.4K Views
Yet, we have Zeeper numbskulls that insist on defending it.
Barack Obama: "never underestimate Joe's ability to f*** things up"
“PROOF: Russia’s Economy is Collapsing”
https://www.youtube.com/watch?v=zp9R4eoN9ww
“Abstract aggregate statistical data pales in comparison when examining microfoundations and household decision-making processes. This video tries to objectively and critically poke a hole in the claim that all is well back in the USSR 2.0. In fact, a counterclaim that the Russian economy is declining seems more plausible.”
Biden committed suicide by weaponing the USD….stealing a sovereign Nations money ( Russia) is NOT going over big with the world…
“ CHINA sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to exit the US debt market thanks to war. Beijing dumped a total of US$53.3 billion of Treasuries and agency bonds combined in the first quarter, based on Bloomberg calculations of the latest data from the US Department of the Treasury. Belgium, often seen as a custodian of China’s holdings, disposed of US$22 billion of Treasuries during the period.”
https://www.armstrongeconomics.com/international-news/china/china-dumping-us-debt-at-record-levels/
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Fact is even Western nations are dumping US debt….something like $15 Trillion in debt is coming up to be rolled over just this year….there are fewer, fewer buyers….and then ther3 wer3 none.
For the simple minded- if our debt ( government securities) has no buyers-
We go into default.
We pretend to work; they pretend to pay us.
Uh huh….
Because communist countries ALWAYS tell the truth.
I believe the printed GDP numbers from China, Russia.
I also believe the NORAD Santa tracker. And climate change. And that gun control works. And that Vince Foster killed himself.
>>>Russian economy grows by 5.4% in the first quarter of 2024
Yeah, yeah so what! The whole economy is now on a war footing, opsi... special operation footing. It’s all at a terrific cost.
“For the simple minded- if our debt ( government securities) has no buyers-We go into default.”
Isn’t the degradation of debt a reason interest rates go up?
So wouldn’t our government be trying to roll over its debt by offering higher interest rates?
The nominal growth in the Russian economy is in the military sector and is at the expense of the civilian economy and civilian living standards. Moreover, the growth is financed by spending down the Russian state’s cash reserves. This is not economically or politically sustainable in the long term. That is why Putin sacked his defense minister in favor of an economist. Putin is looking to curb losses due to corruption and to make military production more efficient.
Typical of war economies. Military spending inflates GDP.
The German economy was growing by @10% through 1944 (nominally) in spite of destruction, disinvestment and hardship.
Exactly. If the Russian economy was going so well then they’d be producing new weapons for their military instead of refurbishing museum pieces and sending them into combat.
Two Cucks, a hen and Demented Joe made this possible.
But the US dollar is very high, and still rising.
Which is good for me, as my income is in dollars and my expenses in Euros.
There IS international demand for US debt.
It’s hard to talk about this stuff because eyes just glaze over.
GDP = C(onsumption) + G(overnment Spending) + I(nvestment) + (exports - imports
That’s it. That’s the equation. We are running $1.8T deficit this year. That’s spending minus revenue (revenue causes a decline in I and C in the equation). So that deficit adds $1.8T to our $27T number.
DON’T TUNE OUT. Almost done. The $27T total GDP number is multi year. That $1.8T number is JUST THIS YEAR.
Russia quoted number is probably accurate, and it means nothing, just as our own means nothing. The measurement units are dollars or rubles and both are created whimsically by central bank.
And no, don’t quote the dollar/ruble ratio. That is determined in currency exchange markets — located outside Russia. There is no reason to think anything is legit and logical. Why would it be legit and logical?
Megan C: NO, IT ISN'T! The sky is always black in Russia!
Clearly not to the military?
Communism is dead in Russia.
It is alive and well in America.
“Where did all the money go?”
Look at the list of oligarch assets that have been seized by sanction orders. That’s where it went.
Superyachts, Italian villas, Florida mansions, UK football teams, shopping malls, fancy cars, private jets, etc.
“The sky is always black in Russia!”
Of late this is true.
https://www.youtube.com/results?search_query=refinery
According to Kim Dot Com who got his statistics from where exactly?
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