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    Russian Economy General News: #11

    x_54_u43
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    Post  x_54_u43 on Fri Mar 20, 2020 1:44 pm

    @Mindstorm

    Could you please give us your opinion and knowledge on future Russian economic growth and potential? What are your thoughts on the National Projects?

    Thanks.
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    Post  PapaDragon on Fri Mar 20, 2020 5:42 pm



    Thanks to Sanctions, Russia Is Cushioned From Virus’s Economic Shocks

    Years of economic isolation and bulging financial reserves have positioned the country to ride out the coronavirus panic and bounce right back.

    https://www.nytimes.com/2020/03/20/world/europe/russia-coronavirus-covid-19.html

    MOSCOW — Six years ago, the United States and the European Union slammed the door on Western bank loans for Russian companies, starving the country’s oil and banking industries of financing. The harsh measures were intended to punish Russia for military interventions in Ukraine and Syria and for meddling in the 2016 American election to help Donald J. Trump.

    Paradoxically, however, those sanctions and the policies Russia enacted in response prepared the Kremlin for what came this month: a universal dislocation of the global economy from the coronavirus pandemic and an oil price war that led to a collapse in oil prices and the revenues that Russia relies upon to support social spending.

    Far from being a basket case, Russia enters the crisis with bulging financial reserves, its big companies nearly free of debt and all but self-sufficient in agriculture. After Russia was hit with the sanctions, President Vladimir V. Putin’s government and companies adapted to isolation and were virtually forced to prepare for economic shocks like the one hammering the global economy today.

    “Russia will be a bit better off than other countries because of its experience, because of sanctions and because of reserves,” said Vladimir V. Tikhomirov, chief economist for BCS Global Markets, referring to the roughly $600 billion in gold and hard currency reserves the country has amassed.

    To be sure, Russia has taken a hard hit from the collapse of oil prices, with the national currency, the ruble, losing about 20 percent of its value in recent weeks. Oil and natural gas account for about 60 percent of Russia’s exports. (BS number but whatever)

    Obligatory media bullshit:
    It is still too early to predict how outbreaks of the virus will spread and how various governments will respond. Given the state of Russia’s ramshackle and underfunded health care system, the coronavirus outbreak could be catastrophic. With the state’s tight grip on the news media, many Russians suspect that the Kremlin could be hiding the scale of the problem or the extent of preparedness, hampering an effective response.

    Still, some countries, Russia among them, seem better positioned than others. For Russia, that is linked to the Western sanctions.

    Take, for example, a 2014 sanction limiting loans from Western financial institutions to a maximum of three months. Russian companies responded by paying down their debt so that total government and corporate foreign debt in Russia fell to $455 billion at the start of this year from $713 billion in 2014. By contrast, Western companies have taken advantage of low interest rates to run up trillions of dollars in debt in the past decade.

    “Russia over the past six years has been living with a hostile foreign environment because of sanctions,” said Mr. Tikhomirov. When the virus threat passes, he said, “it’s possible things will come back to life faster in Russia than in other countries because there won’t be the negative drag of debt.”

    The Russian government on Thursday published its plan to contain the virus and maintain economic activity. It said that all pneumonia patients would now be tested and that the country was making 100,000 test kits a day.

    The plan revised rules for paid sick leave so that companies must pay an advance when an employee goes on leave. It will dip into the National Welfare Fund, the main sovereign wealth fund, to pay bonuses to medical workers.

    Russia has 55,000 hospital beds available to treat coronavirus patients and 40,000 ventilators, which are critical in treating the sickest patients, the statement said. By Friday, Russia had reported 199 cases of Covid-19, the disease caused by the virus.

    For now, Russia is relying on quarantines of individuals and contact tracking without major lockdowns. But measures to halt the virus’s spread will most likely bring Russia’s economy to a halt, as they have elsewhere, as companies send employees home. At that point, Russia’s treasure chest of hard currency will be of little help.

    The reserves will come into play during a recovery, though, as Russia will not be competing for financing from capital markets to stimulate the economy.

    For years, economists criticized Russian economic policy as overly conservative, emphasizing saving over spending. It seemed to reflect a deep-seated Russian belief: No matter how bad things are today, they can always get worse. Now, that policy looks justified, particularly in view of the country’s reliance on natural resource extraction for most of its hard currency earnings.

    “Russia is more ready than ever before in its history,” said Vladimir Osakovsky, the chief Russia economist at the Bank of America, referring to the economic fallout from the virus’s spread.

    Russia built those reserves throughout the sanctions period by writing into its budget an artificially low estimate for the global price of oil. All tax on profits above that level went into the national piggy bank. The policy starved the economy of investment — the gross domestic product grew at 1.3 percent last year — but put Russia in a solid position entering the coronavirus crisis.

    Russia’s agricultural sector is also benefiting from changes introduced after sanctions on food imports. Before European agricultural products fell victim to the sanctions war, for example, Koza Nostra, a small company making gourmet cheese, was a barely viable family enterprise. But after sanctions cut off French cheese imports, the company doubled and then tripled its output in ensuing years.

    “It was the right approach,” the general director, Aleksandr Asatryan, said of the Kremlin’s move to prop up Russian agriculture in response to sanctions, useful today as insulation against trade disruptions.

    Since 2014, the share of imported food on the Russian market has fallen to about 10 percent today from about 25 percent. Russia is self-sufficient for most staples other than fresh fruits and vegetables. More than guaranteeing nutrition, the shift allows the government to reserve its hard currency for a recovery rather than expend it propping up the ruble to keep imported food affordable.

    “Even in a bad scenario, Russia can survive this shock better than many other economies,” said Sofya Donets, an economist at Renaissance, a Moscow investment bank, who returned to work last week after a mandatory quarantine.
    kvs
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    Post  kvs on Fri Mar 20, 2020 6:57 pm

    For now, Russia is relying on quarantines of individuals and contact tracking without major lockdowns. But measures to halt the virus’s spread will most likely bring Russia’s economy to a halt, as they have elsewhere, as companies send employees home. At that point, Russia’s treasure chest of hard currency will be of little help.

    Russia actually has an economy and these articles are fantasy fiction. They either keep on dredging up the trope about "earning hard currency" through exports,
    or "having a hard currency reserve". Neither of these is relevant to Russia's GDP. The 1980s called and they want their cold war propaganda back.

    If Russia is so much less developed and professional than the west, then why does it have 199 cases with 1 death? The transmission of this disease
    has been global so the excuse that it is early days is not valid. U-rope, USA and Canada are all surpassing Russia in daily infection rates by a large factor.
    The Canadian Prime Minister talks about flattening the infection curve. Russia is one of the several countries that have managed, through policy response,
    to actually suppress the infection curve. Every day that Russia falls behind the west in terms of cases means that it is approaching defeat of the pandemic.
    There will be no special Russia-only growth scenario for infections. All pandemics have finite lifetimes and once the aggregate peak is passed there are
    at worst secondary peaks. And there is no regional isolation like there was 200 years ago that could result in staged pandemic spread.

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    Post  Vann7 on Sat Mar 21, 2020 9:22 am

    take a loot at this report...
    something that incompetent Putin's regime could learn something
    about his outdated economic model  . That is How modern innovative business can
    completely bypass and damage the American empire and its influence in the world.


    Why Huawei's Development of France's 5G Network Will be a Game-Changer



    "Rather than banning it as the US would like, they are instead allowing Huawei products to be used for parts of new 5G networks while at the same time minimising security risks", he highlights. "This keeps the door open to do more business with China and tries to balance diplomatic fallout at the same time".

    "In a nutshell, China, led by Huawei is bigger, better, faster, and cheaper for 5G than any other game on Planet Earth", the author stresses. "Without 5G, cutting edge innovations in aerospace, military, artificial intelligence (AI), Big Data, Internet of Things (IoT), medicine, energy, manufacturing, infrastructure, and logistics – not to mention warp speed telecommunications – are all seriously circumscribed. Either adopt 5G now, or be relegated to faded, 20th century glory".

    "Thus, we will continue to see Paris, London, and Berlin appease and flatter the imperial bully across the Atlantic, while quietly working with Huawei and China’s unbeatable 5G juggernaut", Brown concludes.



    wow!!!!   lol1

    So contrary to Putin's gas station vision , bananas and food records ,and his meaningless olympics non sense spending..and pretty expensive parks..that in no way helps Russia to advance their interest in the world ,and gain any respect or creates a strong brilliant future economy. China gets respect and leadership in the world.. with its high tech business...


    https://sputniknews.com/analysis/202003211078647791-et-tu-brute-why-huaweis-development-of-frances-5g-network-will-be-a-game-changer/

    And this high tech leadership of china in communications , not only give a significant boost to the nation for business worldwide with more nations ,because will develop trust too ,and confidence if europe embrace China
    high tech business ,the rest of the world will say   me too..

    Here is the big deal.. the most important thing China earns.. by having a modern economy.
    1) it directly slows down the US economy ,because once one door opened for china.. all others
       chinese business can penetrate the european and world market..
    2) directly Challenge American leadership in the world ,encourage dissent world wide.. to disobey the bullies.  
    3) it blocks the US companies and intelligence agencies capabilities to continue spying on europeans and any nation who use encrypted communications networks.. makes a hell lot more difficult to spy on merkel phone..  lol1  or any other leader.
    4) this damage the prestige of United States as the leader of the world..  Very Happy

    and the best for the last..
    5) its threaten the US empire , no empire can exist without leadership , without followers. if US is not listened
        any more.. their economy will significantly shrink , more than half of what is today , and this will significantly reduce US capabilities to start wars again , if their economy is dangerously weak ,and will force them to cooperate with China and so Russia.(if it had total domination in space) ,because otherwise ,not cooperating with
    the major leading business in the world.. means being left behind ,and outdated.. and not only in technology
    but in space too.. and this will be really embarrassing for US . only when the american elites realize ,they no longer lead the world.. because foreign nations high tech/space business success have turn away nations from their orbit.. is the day ,we will see US policy makers to seriously consider ending their wars against Russia and China allies and interest /sanctions /economic sabotage policies..
    if they don't want to be isolated from the world.  Cool

    Russia needs to look at China ,at the things they are doing right.. with their business ..how those business
    effectively becomes diplomatic weapons ,that are sanctions proof ,and not affected by oil war prices or sports sanctions or tourism or not even affected by corona virus.  Smile

    To do list.. for China or any other nation who wants to
    stop the US empire.
    the final blows required to the american empire..
    1) a new internet ,not controlled by US
    2) superior alternative to the american semiconductors computer and software industry
    3) Leadership and domination in space..
    4) A new modern culture , that eclipse american movie ,music and entertainment industry.

    In fact.. just achieving one of them... from 1-3 ,will be enough to collapse the Anglo-jews empire..
    and create a new system , nations will just move from the London-washington banking system ,once
    the business leadership is lost in US. this will promote a world of peace ,when Chinese (and Russia if wake up) business leads the way of US foreign policy into cooperation and not confrontation..



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    Post  PapaDragon on Sat Mar 21, 2020 11:30 am

    Vann7 wrote:...stop the US empire...

    Can mods please make new tread called 'Stopping​ the US empire' or some such shit and move all this nonsense there?

    None of this has anything to do with Russian economy


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    Post  Austin on Sat Mar 21, 2020 12:18 pm

    Coronavirus is the pin that burst U.S. economy's bubble, says analyst who predicted 2008 crash

    https://www.foxbusiness.com/money/coronavirus-us-economy-collapse-recession
    RTN
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    Post  RTN on Sat Mar 21, 2020 2:56 pm

    calripson wrote:Modern Monetary Theory says debt doesn't matter. Simple monetize the debt and keep on going!
    How can Debt be Monetized ?
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    Post  kvs on Sat Mar 21, 2020 3:04 pm

    RTN wrote:
    calripson wrote:Modern Monetary Theory says debt doesn't matter. Simple monetize the debt and keep on going!  
    How can Debt be Monetized ?

    Print pesos Pancho Villa style.   Monetarists are retards.

    https://en.wikipedia.org/wiki/Monetization

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    Post  calripson on Sat Mar 21, 2020 4:56 pm

    RTN wrote:
    calripson wrote:Modern Monetary Theory says debt doesn't matter. Simple monetize the debt and keep on going!  
    How can Debt be Monetized ?

    The Federal Reserve buys the debt directly from the Treasury with newly created money (credit). This should devalue the value of existing currency and lead ultimately to inflation. In the past, all those newly created dollars flowed to places like China - who were glad to exchange real products for Uncle Sam's funny money. Hence the appeal of a global reserve currency. The US could run balance of trade deficits as far as the eye could see while countries like Japan and China collected pretty little IOU's from Uncle Sam paying 1-2% interest that promised to pay them back 10 or 30 years in the future (wink, wink).
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    Post  Vann7 on Sun Mar 22, 2020 6:54 am

    Austin wrote:Coronavirus is the pin that burst U.S. economy's bubble, says analyst who predicted 2008 crash

    https://www.foxbusiness.com/money/coronavirus-us-economy-collapse-recession


    Corona can burst the bubble..and sink russia gold reserves at same time , but it doesn't end US empire and is influence and its system.. because the system is not under challenge if they can continue having no competition
    in their leading modern business...  
    So they can create another bubble , even if it is smaller ,they can continue creating bubbles forever..
    nothing stop them from creating another one.. is like a bully having a gun ,and everyone else disarmed.
    so the disarmed people will obey on anything no matter the demands.. US weapons are its business..
    this is what holds the americans system in place running in one piece ..if US lose its technology and modern business leadership to China ,which is pushing more another system ,that oppose the US system... then the support and trust will go towards the new leader.... and the only way US will have to influence nations.. is exactly how Russia do it.. with big nukes..and modern weapons, both US can't use nukes to maintain nations
    under their control.. it will not work..  unless they go hitler mode.. that is to get leadership and influence by the use terror and force.

    this is the major thing everyone  ignores in this forum it seems..
    It reality money currency on its own means nothing , is a symbolic thing.. and its value , is determined
    by Trust.. how much trust ,how much interest /desire nations and people have to continue doing business with that nation..is the about the question.. what i can do with that currency ?  Possibly the US-jews central banking elite ,will invent a digital currency bitcoin like fraud and the world will continue with it.. because if they want internet ,if they want to follow the leader in nation development and its system.. then they will follow the american system,that include the asian high tech giants ,like japan , south korea ,taiwan.. so they US will invent a new bubble ,with a new currency and things will continue being always in their favor ... this is why Putin's gas station project is doomed to fail and olympics capital dream will fail... because money without real nation development , real progress is doomed to fail.    Germany have never been a popular nation in sports..  or a popular country for tourism ,but they have far more influence than any other nation in the world in modern business after US and Japan.  so i rather buy something from germany ,than from Russia.. because i don't need gas stations , or crude oil ,that is the only consumer things that only Russia have to offer the civilians in the world.. Russia sells fine kalashnikosh rifles..but thats it.. thats all what putin can offer the world to the average
    citizen , gas discounts and rifles..  Laughing  but is not something you can't live without it ,or replace it with an alternative.  At same time there is no alternative to american internet and US digital business..   except for china small but growing high tech industry.  

    So those here in the forum crossing their fingers ,that american economy collapse.. to celebrate it..
    "As the end of the American empire" , will be for a major hard awakening reality , that is not the US petro dollar
    what give US is leadership position in the world.. but its Business lead.. what do it.. is not a question of how much paper money they have.. but who they are , and what they can offer the world with their bussiness.
    so will come again to laugh in the face ,of everyone in this forum ,who believed US system will end with the
    collapse of the dollar as reserve currency.. . not going to happen. they will create another currency ,likely digital
    and it will continue ruling the world. so later don't say i didn't warned it.. US central banks are even speaking
    about a reset of world debt..  lol1   so what the fools in this forums ,cheerleaders of putin will say.. when the dollar bubble argument ends? and shows how stupid Putin is ,trying to break the petro dollar system ,without touching the US business leadership?  A growing the economy strategy ,as Putin wants without progress ,without
    modern business economy will not work.. because completely ignores ,to challenge the very same things
    US use to lure nations into their orbit. US can re-create its nation economic model again and again with its own rules biased in their favor ,in any way ,shape or form it desire , end the dollar and move to a digital currency , no problem..  don't want to trade with us or accept our dollars? then fine ,we disconnect you from the internet ,from our leading world business ,from are high tech industry and entertainment industry.. software industry computer industry ,NASA leading space exploration and so on and on.. and japan and taiwan will follow americans
    because their business lead the world..and they close second..  

    Russia have zero chance..0%. to survive as a nation.. while it remain inside a system created by jews-americans
    and for jews-americans first.. and not challenging their high tech business influence. this is why is retarded for Putin to fight US ,without challenging their leadership.
    All US needs to do is continue creating syrian like terrorist wars.. all over the world.. targeting Russian closest allies..forcing Russian army to interfere.. Restart the ukrainian war , and ask them to start bombing russian cities.. non stop.. with long range artillery. and start killing ethnic russians in ukraine... and you will see
    how Russia is forced into a full scale invasion into an endless war ,with US arming ukrainians from poland and romanian border non stop.. they can blow out those nuclear reactors in ukraine and will be blamed of
    russian ballistic missiles air strikes.. "that went of route" . they are building a bio lad in kharkiv next to
    Russian border..  Laughing  So what the fuck is putin doing.. he will never win Americans with politeness bullshit
    and with his gas station gas discounts. and lets not mention US can easily provoke the restart of the war between Russia and Turkey.. so many options americans have to break Russia.. and putin is only playing with the the king.. while americans have all the pieces .. lol1  

    The only reason Russia is still around and not disbanded in a million of pieces ,if because hillary clinton did not
    won the elections , that women was pure evil ,and will have taken proxy wars ,to a whole new level ,serbia attacked, cuba, venezuela ,ukraine ,syria ,serbia ,restart Transnistria War and kill russians there ,always by proxy.. invest a fortune ,hiring endless mercenaries in desestabilizing those nations and russia economy will break into major recession in no time.. and this is without americans firing a bullet on Russia.  now if biden wins
    she will likely become on his team..and russia completely doomed.. Putin is a major security threat for his own country ,for his mediocre strategy to counter his enemies. If the US corrupt system and influence in the world ends any time in the long future .. it will not be thanks to the idiot Putin  No he actually strenghtened the US system by his inaction. The only real dangers that US system face are China raise as a global modern business power..and European union distancing from US.. But Putin's Russia ,offer zero competition ,zero danger for the american empire.. Putin actually ends helping americans.. because nations see how weak is putin ,and how he does nothing to counter the west.. and they correctly conclude.. that any country who joins Russia allies club
    will face the same fate of venezuela and cuba.. or north korea . Laughing




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    Post  jhelb on Sun Mar 22, 2020 7:56 am

    calripson wrote:The Federal Reserve buys the debt directly from the Treasury with newly created money (credit). This should devalue the value of existing currency and lead ultimately to inflation. In the past, all those newly created dollars flowed to places like China - who were glad to exchange real products for Uncle Sam's funny money. Hence the appeal of a global reserve currency. The US could run balance of trade deficits as far as the eye could see while countries like Japan and China collected pretty little  IOU's from Uncle Sam paying 1-2% interest that promised to pay them back 10 or 30 years in the future (wink, wink).

    Let's leave aside poor third world countries of Asia and Africa but even powerful countries like China do not oppose this discriminatory practice of using USD as a reserve currency. They seem to be quite happy with the status quo.
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    Post  Mindstorm on Sun Mar 22, 2020 9:41 am

    x_54_u43 wrote:Could you please give us your opinion and knowledge on future Russian economic growth and potential? What are your thoughts on the National Projects?

    Federation's long standing development program (it continue since more than a decade and some of its breakthreughs are already available and visible today) for next two decades aimed at overturn today standing hierarchy in industrial production basis and ,from it, commercial and financiary primacy foresee and select two main areas ,the product of first one - theoretical Science- being and representing the scientifical prerequisite basis for the second - applicative field-, on which wide majority of the resources (financiary but even more important human) from visible and "black" chapters of planning has been allocated:


    Areas one:

    1) Material Science : with particualr enphasis on new kind of plasmonic, negative index and photon-sensible metamaterials and characteristics and syntesys on new type of 2D ones.

    2) Plasma Physics : in particular computation of the local and "singular" interactions in plasma magneto-dynamics phenomenons, long-live plasmoid formation and impermeable aggregates.

    3) Nuclear Physics : several breakthrough already achieved and applied and others waiting the completion of some programs from area two to be fully utilized

    4) Physics phenomenons not previously fully indagated/known or with only latest experimentation's possibility : covered


    Areas two:


    A) New generation of integrated circuits on a new material basis -photonic and plasmoinic - (form 1 and 2) allowing, together with B, to furtherly shorten researchs in area 2 and 3.

    B) AI researchs : A subproduct of area 1, 2 and A; there are already several results without any foreign counterpart waiting for completion of programs in area 1.

    C) New generation of propulsion devices : The most far in the full realization, requiring establishment of B to speed up the most challenging researchs in areas 2, 3 and 4.

    D) New generation of reactors

    E) Bioelectronics, bio cybernetics and new generation drugs


    Some of those macro-areas, obviously, coincide with similar efforts abroad ,but several data and latest results ,well above what foreign specialists has been capable to achieve in the same time frame, allow generally to believe that domestic efforts will produce a technological primacy of at least 7-8 years in comparison with foreign developments.

    Some fundamental prerequisites has been already put into reality such as a mass production capability ,surpassing of several times similar result abroad, of the necessary graphene nanotubes and graphene-based composites, indispensable for the establishment of area A, C and E.

    The advantage the Federation will enjoy is that the new lines of production will be directly established on the new technological basis while the nations relying on the dying microelectronic field primacy will find themselves on the back-foot ,with entire production sectors becoming suddenly terribly backwarded, and therefore forced to be reconverted on a new basis.

    This necessity to dismantle the wide majority of the same fields allowing those nations in the latest 15 years to enjoy, in some popular and widely sold products, a competitive advantage will almost surely collapse theirs industrial basis and with it the finalcial lever and political influence that those nations can exert in the international arena.


    Vann7 wrote:So those here in the forum crossing their fingers ,that american economy collapse.. to celebrate it..
    "As the end of the American empire" , will be for a major hard awakening reality , that is not the US petro dollar
    what give US is leadership position in the world.. but its Business lead.. what do it.. is not a question of how much paper money they have.. but who they are , and what they can offer the world with their bussiness.
    so will come again to laugh in the face ,of everyone in this forum ,who believed US system will end with the
    collapse of the dollar as reserve currency.. . not going to happen. they will create another currency ,likely digital
    and it will continue ruling the world. so later don't say i didn't warned it.. US central banks are even speaking
    about a reset of world debt.. lol1 so what the fools in this forums ,cheerleaders of putin will say.. when the dollar bubble argument ends? and shows how stupid Putin is ,trying to break the petro dollar system ,without touching the US business leadership? A growing the economy strategy ,as Putin wants without progress ,without
    modern business economy will not work.. because completely ignores ,to challenge the very same things
    US use to lure nations into their orbit.


    Vann7 i understand perfectly the psycological basis and approach of your provocation actions here (someone would say trolling but this term is not suited for what you do here.....); what i find paradoxically funny, in a unique way, is how much long term plans of our hated (or i should say feared ?) President В. В. Путин collimate perfecty, in the reality not behind a PC keyboard, just with your attacks and accusations to its politics.

    If you truly would realize how things are developing in the real world ,behind the curtain, your aptitude at half-innuendo and crypto-provocations will rapidly degrade toward fearing silence......

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    Post  Austin on Sun Mar 22, 2020 10:36 am

    Vann7 wrote:
    Austin wrote:Coronavirus is the pin that burst U.S. economy's bubble, says analyst who predicted 2008 crash

    https://www.foxbusiness.com/money/coronavirus-us-economy-collapse-recession


    Corona can burst the bubble..and sink russia gold reserves at same time , but it doesn't end US empire and is influence and its system.. because the system is not under challenge if they can continue having no competition
    in their leading modern business...  

    So they can create another bubble , even if it is smaller ,they can continue creating bubbles forever..
    nothing stop them from creating another one..

    Not really , They have to be in some parallel universe where they can keep creating bubbles , print money till eternity.
    Laws of economics will take over and they will have run away inflation.

    You really dont need to have an existing challenger so that he can take over incumbent , The challenger will arise once the existing incumbent implodes.

    Russia has a small economy but it is a sound one ,it has technical manpower and abundant resources to feed its people and allies. The Gold reserves of Russia at around 2.4K is good and it has existing reserve base of 12K Ton.

    Most importantly the will of Russian people to fight when chips are down is far higher then american or European or Chinese as WW2 has shown and even the recent sanctions.

    With Russsian People the proverb holds true "When Going Gets Tough , The Tough gets Going"
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    Post  Austin on Sun Mar 22, 2020 10:47 am

    Russian Economy General News: #11 - Page 17 ETQXfblX0AE0zUx?format=jpg&name=medium

    https://twitter.com/mfa_russia/status/1239642099173163009
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    Post  kvs on Sun Mar 22, 2020 11:38 am

    Russia's economy is not small. At the same time the US economy is grossly overinflated. So even a PPP adjustment is not
    covering the actual gap. Every ass-crack backwater in the USA is supposedly richer than downtown Moscow. Yeah, right.
    I have seen enough of the Canadian and US hinterland to know how "rich" life there is.

    A primary way that the US GDP is overinflated is that all offshore activity of its trans-nationals is considered essentially part
    of the US GDP. This is BS since such activity contributes to offshore GDP and not US GDP. The profits of those companies
    that go back to the USA are the only real stimulus the US GDP sees. Another scam is the so-called financial industry.
    This involves the shuffling of debt and assorted ponzi rackets that contributes zero to the actual US GDP but is counted
    as 54% of the total. The US GDP is an accounting scam.



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    Post  Austin on Sun Mar 22, 2020 12:16 pm

    kvs wrote:Russia's economy is not small. At the same time the US economy is grossly overinflated. So even a PPP adjustment is not
    covering the actual gap. Every ass-crack backwater in the USA is supposedly richer than downtown Moscow. Yeah, right.
    I have seen enough of the Canadian and US hinterland to know how "rich" life there is.

    A primary way that the US GDP is overinflated is that all offshore activity of its trans-nationals is considered essentially part
    of the US GDP. This is BS since such activity contributes to offshore GDP and not US GDP. The profits of those companies
    that go back to the USA are the only real stimulus the US GDP sees. Another scam is the so-called financial industry.
    This involves the shuffling of debt and assorted ponzi rackets that contributes zero to the actual US GDP but is counted
    as 54% of the total. The US GDP is an accounting scam.




    Correct , So are their inflation figures much higher then what they claim it to be.

    Now they are coming with $1 trillion stimulus to save their economy !
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    Post  Vann7 on Sun Mar 22, 2020 4:51 pm

    Mindstorm wrote:
    Vann7 i understand perfectly the psycological basis and approach of your provocation actions here (someone would say trolling but this term is not suited for what you do here.....); what i find paradoxically funny, in a unique way, is how much long term plans of our hated (or i should say feared ?) President В. В. Путин collimate perfecty, in the reality not behind a PC keyboard, just with your attacks and accusations to its politics.

    If you truly would realize how things are developing in the real world ,behind the curtain, your aptitude at half-innuendo and crypto-provocations will rapidly degrade toward fearing silence......



    I see things differently.. as trying to discuss something with 5years old graders.. idiots to the core...
    so bad is ,that it makes me thing if they are as stupid as they talk ... or if they are paid trolls to deviate
    the attention of the real issues Russia have.

    What i notice on this forums is that..

    1) People here don't see a connection between international politics and economy.. they talk about economy as if it was separated from politics.. which is so wrong.. you can have the world best economist , running the Russian economy and they all will miserably fail ,if they don't take into account the politics behind economy.. they are connected.  

    2) Their lack of understanding  of how hopeless is Russia , versus the west.. Putin have not a chance in a million
    to save Russia.. if all that the moron does ,to defend Russia interest is build better military. i understand how the west think , how latins ,europeans and american think ,because of friends and because so many forums ,i used
    to visit. The only thing Putin is doing.. is promoting a slow and painful death of his country.. he have no strategy
    to counter his enemies..  look all those frozen conflicts . he have created..  so many to mention. people don't understand that Russia enemies can continue creating conflicts and wars around russia to weaken it.. and distabilize it.. they can do the same thing they did in ukraine in belarus.. and in kazakistan too.. Putin's Russia
    all is doing is losing influence across all bordering nations and he don't know how to fight back.

    3) the problems are always the same.. you don't solve problems ignoring them.. US is at war with Russia. period.
    is slow war.. but is war.. And putin is doing nothing to end this aggression..and russian soldiers die and the main target is Russia economy. to give you an example.. Garryb used to tell me "how no one will dare to attack Russia ,because is a nuclear superpower" .. lol1  and this is the kind of ignorance , that i had to argue all the time.

    4)US creates the rules of the way economy is done in the world.. and they can change it at will.. Russia ending the use of dollar will NOT stop US in any way ,shape or form.. Putin targets a symbol ,which is the dollar ,but don't target ,the trust , that the world have have over american business.. don't challenge the US economy.
    the US energy industry is merely 5% of american economy..  lol1   compare that to Russian budget than near half of it.. come from its energy sales profits..

    5)Putin talks about diversifying the economy..  but what he does is so little ,so small..  and diversifying the economy ,without a real strategy is waste of time.. look what will happen to putin olympic dream after this
    corona virus attack..  Laughing  nobody will want to travel know.. tourism and sports business ,will be the biggest losers in the next decade.. a place that putin have invested a fortune.. from sochi to world cup 2018.. all that money throw to the garbage can.. because he will never recover the money he invested there.  

    6)finally people in this forum ignores ,that you can't run a nation economy , develop a nation economy in the same way ,when is at war..versus at peace..  Any strategy in Russia ,economic development ,will have to take
    into account ,that US is at war with Russia..and that if Russia plans to diversity by selling potatoes.. or bananas
    that americans will target those business , by promoting everyone in the world to farm potatoes and bananas.. Laughing ,  because Putin runs the economy in the most lazy way possible.. he makes it easy for the west to target it.. instead of moving to business that are very advanced and modern , that very few or no other can compete ,they seek to break Russia exactly as they did to soviet union , same script..with some other creativity.. they break soviet union ,targeting oil too.. and creating conflicts that later Russia was forced to interfere.. check.. afghanista in the past.. today is syria and ukraine.. and they can continue doing this forever.. and this is a huge problem..Putin  can't continue playing this games forever.. ignoring the west declared war on them..targeting all its allies  and Putin behaving like nothing have happened.calling for "Restoring relations " thinking that if he ask politely.. the west will do it..  Rolling Eyes  is not the west that needs to come to is senses.. but Putin is the one.. that needs to come back to someone else senses.. because he have none. Russia needs to fight back at its enemies.. starting a world war 3.. or world war 4.. is foolish.. but he can fight back with business and he don't do it.. because he is clueless of what he is doing..  Russia face an identity crisis ,a leadership crisis  ,and Putin is the one to blame for it..because he looks to the russian empire past ,in order for guidance ,how to develop the nation ,instead of creating Russia in a completely new ,different and modern way.. Putin even needs to micro manage everything.. a clear signal.. he is a bad manager.. is a leadership problem.. People blame medvedev and so called "Traitors" that are in Russian government ,forgetting
    that is putin ,who placed them in that place.. They blame the central bank naibullina ,but forget putin placed her there.. simply this forums is full of dishonest people ,and trolls too, in denial of how mediocre is Putin as a leader.. the soviets did understood leadership better.. they at least did compete in space and was leading there.. and created an education revolution in Russia ,that still today Russia benefit from it..,their problem however is they did not watched their spending in the arms race..and fall on the traps.. that US setup like afghanistan war was.. soviets neither understood soft power well , how important is to develop a superior culture ,that their adversaries..

    look for example what is happening in syria..
    that war can last forever , Russia rebuild their cities and NATO backed forces will destroy it once rebuild..
    so it way more expensive to rebuild things ,than to destroy it..  

    https://www.youtube.com/watch?v=bESq2vdIR6Y

    so russia will have to feed syrians forever from their own budget ,give weapons for free from russian budget
    and provide food and oil for free ,as long NATO continues supporting their terrorist forces. the same for venezuela.. they can continue targeting their power plants forever and russia will have to provide money to
    rebuild them.. same in ukraine.. same with cuba..  Americans can forever continue creating endless wars on nations close to russia ,that will little by little pressure and drain russia economy..  This passiveness of putin ,is what hold back Russia. he is slapped in the face and he don't fight back..he turns the other cheek.  No  he needs to fight back.. and needs to pressure US economy to stop their hostilities , is that simple.. and ending russia use of dollars is a lame ,attempt to do that.. even china is buying more dollars.. depends a lot on business with US. the only way Russia can stop ,the western aggression is with business power by taking the world leadership away from US, and directly counter US most popular silicon valley business those business that US can use to drive new generations society in the world towards their unfair system..

    even serbia.. that is a Russian ally.. his president , told recently.. with tearful eyes ,
    only china can help serbia..   Shocked



    So who the hell needs Russia in the world ,when not even its major allies , ask them for help ?  Shocked
    and if this the way putin expect to convince the world to join Russia side in confrontation with US  ?  lol1

    Chinese having a reception like heroes in Serbia.. the serbian leader even kiss the chinese flag.. Laughing



    if anyone had doubts how weak and irrelevant Russia have become the master of incompetence Putin.
    then those 2 videos should clarify it.. venezuela maduro's just yesterday was asking the IMF for a loan help to help fight the corona virus..  Rolling Eyes  a venezuela is attacked for being a Russian ally.. now maduro knows it was a
    mistake to follow putin.. his nation is in pieces his economy and Russia can't help.


    if this is not a major embarrassing for Putin and Russia ,then no idea what is.. No
    China is the only nation in the world ,challenging the US leadership in the world and hurting and slowing
    down the US influence in the world..and is doing that alone.  Putin's Russia is not even properly helping its own allies.. how can anyone follows putin's world ,when he abandon his own allies in difficult times or not properly defend them as is the case of syria and eastern ukraine? or venezuela No    Anyone country in the world ,that see how weak is Putin and Russia ,will think a thousand  times ,before following Russia , knowing is a dead sentence ,to become an ally of Russia..  Russia have shown again and again.. it can't properly defend its allies.. is very weak..and so nations will stay away from it..US and israel can bomb to their heart content.. any Russian ally ,and putin will do nothing.  No   Europe will never listen putin ,when he is a weak leader ,and his country can't even defend itself from US sanctions , all this is what putin have created by following the US system.. instead
    of creating its own.. as China is slowly but steadily doing..   Russia face the problems it have ,because of putin's 20 years short sight policies of developing russia mostly as a gas station and energy producers.. where most money of russian budget is invested.. and not challenging US modern economy in the world.

    Russia needs true independence.. from the western system , US have created.. and Business Leadership in the
    world development. those things are the only ones ,that will allow Russia to defend its interest in the world ,
    when create its own system or help china in creating one.. not just sit there in back seat and do nothing. other
    that resisting US hostilities ,but not fighting back.

    Russia needs to get rid of that obsolete and disastrous president like  Putin is and replace him for president Xi Jinping .  Smile

    Russian Economy General News: #11 - Page 17 102317-02-Xi-Jinping-China


    The chinese president understand very well leadership ,how to fight US system and putin the only thing
    he understand is how to humiliate himself and embarrass his entire nation , with how weak ,insecure
    and outdated that idiot is. The chinesse president is not bragging about nukes or hypersonic weapons they have
    ,to try to impress the west, he just quietly works , building successful business ,creating leading business
    that under radar ,put under siege the US high tech industry..  lol1

    since i have no hopes with Russia to ever grow for real ,with putin there... ,honestly the best thing that could happen to Russia and for the entire planet.. is a major revolution to get rid of putin , and that Russia federation becomes a republic of china , or create a sinoRuss federation ,two nations in one system ,a bit similar to a new soviet union but with china included as a lealding role and give them access of the only thing russia had in advantage that is its nukes.. and some few other weapons that way china will have a tremendous land to grow and expand ,and relocate its capital all the way to european borders.. and the energy resources of russia ,be all for china new expansion and economic growth. this will make it easy for europe to integrate and join this new system ,taiwan will join on this system too.. if europe is there.  and south korea likely too..  kazakistan will say me too..  a new soviet union , with russia and china integration as one nation.. english can be used as the official language of the new system.. and russian/chinesse only used domestic use in respective land.Very Radical but that can work ,new ideas will be need to stop the madness of the american empire.. is now using biological weapons.. to target adversaries.. and putin only delays things.. don't represent a solution.

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    Post  Austin on Mon Mar 23, 2020 1:06 am

    Eric Martin
    @EMPosts
    Federal Reserve Bank of St. Louis President James Bullard predicted the U.S. unemployment rate may hit 30% in the second quarter because of shutdowns to combat the coronavirus, with an unprecedented 50% drop in gross domestic product.

    Staggering numbers

    https://twitter.com/EMPosts/status/1241816401893117958
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    Post  GarryB on Mon Mar 23, 2020 6:35 am


    Corona can burst the bubble..and sink russia gold reserves at same time , but it doesn't end US empire and is influence and its system.. because the system is not under challenge if they can continue having no competition
    in their leading modern business...

    yeah vann you are proving you are an idiot here... the whole point of gold is its value... unlike US dollars that are just ink dots printed on paper...

    HiIlary couldn't organise an orgy in a whore house... Trump has pretty much implemented most things Hillary did, the main difference would be Iran would still be trading with the west and buying Boeings and Air busses and not giving Russia the time of day except in Syria, but I suspect Venezuela would still be on the agenda for regime change... the US would not have been so nice to Yahoo who would probably be in jail now, but who knows what the alternative leader of the jooz would be like.... more or less active in Syria and Iran? Who knows... who cares... it is pointless speculation.

    Fortunately Russia is in good shape compared with most countries in Europe and is sending aid to selected countries rather than stealing it enroute like some countries in europe.

    Russia is sending help to Venezuela and Iran and Italy and other countries as well... unlike western countries who are hunkering down and closing their borders....

    Hopefully the US sees all this and becomes enraged with jealousy... they are supposed to be the good guys... more sanctions for Russia... good for Russia I say.
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    Post  PapaDragon on Mon Mar 23, 2020 2:09 pm

    Vann7 wrote:...if anyone had doubts how weak and irrelevant Russia...

    Vann, just because Russia is looking after their own well-being and doing what's​ good for them instead of dumb stupid shit that you want them to do doesn't mean that they are irrelevant

    It just means that you and whoever you support are irrelevant

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    Post  PapaDragon on Mon Mar 23, 2020 4:18 pm

    Vann7 wrote:

    Also about China helping Serbia:

    1) Back when Wuhan first started last year we sent them aid right away, it was drop in a bucket compared to what they needed but still more than anyone​ else sent

    2) We asked them for help

    Who knew that being friends with 1,7 billion people had some upsides to it, eh? Cool



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    Post  GarryB on Tue Mar 24, 2020 1:07 am

    You sent aide to them and they are sending aide to you... shows a bit of character on both sides... 5 years ago an American would claim it would only be America helping others in such troubling times, but it seems when the going gets tough morality and ethics are the first things the west puts under sanction...
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    Post  Big_Gazza on Tue Mar 24, 2020 4:17 am

    GarryB wrote:You sent aide to them and they are sending aide to you... shows a bit of character on both sides... 5 years ago an American would claim it would only be America helping others in such troubling times, but it seems when the going gets tough morality and ethics are the first things the west puts under sanction...

    True...  consider the disgusting spectacle of the US doubling-down on sanctions to stop the importation of medical equipment and drugs into Iran to fight COVID-19.

    Cuz nothing will win over the hearts and minds of the Iranian people more than exacerbating a lethal pandemic in their country and killing thousands of ordinary people...  Stupid & evil Murican cunts... angry
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    Post  calripson on Tue Mar 24, 2020 10:18 pm

    Big_Gazza wrote:
    GarryB wrote:You sent aide to them and they are sending aide to you... shows a bit of character on both sides... 5 years ago an American would claim it would only be America helping others in such troubling times, but it seems when the going gets tough morality and ethics are the first things the west puts under sanction...

    True...  consider the disgusting spectacle of the US doubling-down on sanctions to stop the importation of medical equipment and drugs into Iran to fight COVID-19.

    Cuz nothing will win over the hearts and minds of the Iranian people more than exacerbating a lethal pandemic in their country and killing thousands of ordinary people...  Stupid & evil Murican cunts... angry

    Well, in fairness they did drop two atomic bombs on Japanese cities and the Japanese having stopped kissing American a** ever since.
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    Post  kvs on Tue Mar 24, 2020 11:41 pm

    calripson wrote:
    Big_Gazza wrote:
    GarryB wrote:You sent aide to them and they are sending aide to you... shows a bit of character on both sides... 5 years ago an American would claim it would only be America helping others in such troubling times, but it seems when the going gets tough morality and ethics are the first things the west puts under sanction...

    True...  consider the disgusting spectacle of the US doubling-down on sanctions to stop the importation of medical equipment and drugs into Iran to fight COVID-19.

    Cuz nothing will win over the hearts and minds of the Iranian people more than exacerbating a lethal pandemic in their country and killing thousands of ordinary people...  Stupid & evil Murican cunts... angry

    Well, in fairness they did drop two atomic bombs on Japanese cities and the Japanese having stopped kissing American a** ever since.

    This demonstrates the true nature of power and government. The US succeed attaching Japanese elites to its market as it has with many other
    cases as in Latin America. These elites keep the population down one way or another. In Japan it is basically one-party rule and high level of
    development. In Latin America it was death squad juntas.

    The fact that the USA cannot co-opt Russian elites is rather special. Russia is not some second rate power to the USA. No matter how much
    Americans delude themselves that it is. The pattern with China was predictable as well. The Central Kingdom with 3+ thousand years of history
    and one of the civilization poles of the planet was not going to turn into a banana republic to please white devils. Those white devils just lucked
    out during the 1800s and early 1900s by China's internal disarray. Rather like tends to be the case with Russia.




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