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.
>>>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.
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.
Two Cucks, a hen and Demented Joe made this possible.
According to Kim Dot Com who got his statistics from where exactly?
Figures lie and liars figure.