Austin wrote:Does Russia have the financial means for its military ambitions?
The usual retardation of using the dollar exchange rate to evaluate the economy of a country. Using this pre-school level thinking Russia's
GDP must have shrunk by 60% between 2014 and 2015. Well, it only shrank by 3.5% and is going to grow this year and next. So either
use rubles to evaluate the Russian military budget or shut the f*ck up.
NATO bleaters are so full of shit it is coming out of their ears. Russian military product prices are not inflated corrupt prices like in NATO.
So even if using rubles to evaluate the Russian military budget, one has to apply a mulitplier of between 3 and 6 to account for what those
rubles can actually buy compared to what dollars can buy in NATO.
Developments since 2014 have not been kind to Russia’s economy. Heavily dependent on oil and gas export revenues, the nation’s currency, gross domestic product (GDP), and real living standards, all suffered substantially from the sharp fall in oil prices that occurred in late 2014. Russian GDP shrank by 3.7% in real terms in 2015, and is generally expected to fall by a further 0.8% this year, according to the October 2016 forecast of the International Monetary Fund (IMF).
In this paragraph they basically insinuate that that there has been some sort of massive drop associated with oil and gas revenues even though
the numbers they cite do not support this claim whatsoever. In 2013 Russia's GDP included 13.7% for the whole gas and oil industry including
value added production. If one applies a 50% reduction to this sector due to prices there should have been a 6.85% GDP drop from this alone
but there was none and other factors drove the GDP drop. The reason is that the ruble revenue for the oil and gas stayed the same thanks to the
ruble forex change. Russia's GDP does not operate on dollars. It operates on rubles.