Russian Economy General News: #11

kvs wrote:

Nice comparison of costs of living in Russia and Germany.   If you use the nominal exchange of ruble to euro you would think
that the average German is much better off than a Russian.   But in the real world, forex rates mean precisely f*ck all.
In terms of certain goods here are the real exchange rates of euros to rubles for Germany:

potatoes: 1:10  (for Norway the exchange would b 1:3)
gasoline:  1:30
flour:  1:22

Basically the "market" exchange rate is more realistic for expensive goods such as Mercedes cars but for staples which are
the primary focus of most people including the poor and working poor, it has little relevance.   In other words, the so-called
pauper Russian hinterland outside of Moscow and St. Petersburg is actually much better off.   Russians do not have the
level of housing costs in the west (outside of Moscow) and they are not being choked to death with fees.   Germans need
to pay around 300 euro per month for medical insurance.   Even though they already have a "socialized" medical care system.

There is lots of money flow in the west, but that does not mean every citizen is wealthy.

Hole wrote:But how many space stations did Russia sell to customers around the world?

par far wrote:"Is the Russian Ministry of Finance Sabotaging Putin’s Decision? (Ruslan Ostashko)."


https://thesaker.is/is-the-russian-ministry-of-finance-sabotaging-putins-decision-ruslan-ostashko/

kvs wrote:

This should be a wake up call to all the idiots in the west who think Russia is some big rotten facade (as was believed by Hitler).
Russia is now making the full spectrum of Italian (and other) cheeses that it used to import.   These are not just some cheap
knockoffs.  They are made the same way that the originals are made.    So the six years of sanctions by NATzO have paid off,
for Russia.  And it is only getting better the longer that NATzO pulls it sanctions tantrum since that is allowing Russian producers
to establish themselves for the long term.

Also note the tag at the bottom of the video on Youtube warning viewers that this news channel is funded at least in part by
the Russian government.   I wonder why Youtube does not have a similar warning for the CBC?   At least the BBC is supposed to
be more autonomous because it raises its own money (via a mandatory license fee), but the CBC is a state propaganda orifice.

Russia calls on fellow BRICS countries to DUMP US DOLLAR in favor of trade in national currencies

The Russian trade minister has called on the members of the BRICS trade alliance to increase the volume of settlements in national currencies to be more independent from Washington’s policies.
Denis Manturov suggested the possibility of boosting non-dollar settlements during a videoconference with fellow BRICS trade ministers on Monday. According to Manturov, trade in national currencies is a key aspect of the cooperation of the five-nation alliance that includes Brazil, Russia, India, China, and South Africa.  

“Rational, balanced use of this tool will help to increase the stability of our countries' economies and reduce dependence on US’ policies,” he said.

Manturov called on the fellow ministers to use the BRICS’ New Development Bank (NDB) more actively, which was specifically created for these purposes.

The five-nation block has a combined nominal GDP of $21 trillion and represents more than 40 percent of the world’s population.

The NDB, with an initial capital of $100 billion, was established in 2014 and formally opened for business a year later. Its goal is to mobilize resources for infrastructure and sustainable development projects in emerging economies. Headquartered in Shanghai, the bank has a regional office in Johannesburg, and is planning to open more centers in Moscow as well as other Russian cities.

LONDON (Reuters) - The West’s push to impose sanctions on Russia over an alleged nerve agent attack on President Vladimir Putin’s main political opponent is getting a familiar shrug of the shoulders from international investors, who view Moscow’s finances as just too strong to be cracked. .........
.........................

Hole wrote:Main political opponent

par far wrote:After doing a lot of research and going through fake Zionist propaganda, going through stats, what "experts" are saying. I have come to the conclusion that it safe to assume that Russia will leap frog some countries in terms of economic development and development in general.

Do you guys agree with this?

Arrow wrote:

kvs wrote:

It is a sure thing considering how many western countries are becoming SJW idiocracies.   The PC totalitarianism is bearing fruits.
The millenial generation and its participation trophy education is functionally retarded.   It is not an accident that the US
has been having issues with welding new submarine hulls and building nuclear reactors.   The old timers were let go decades
before now and the training was never carried over to younger engineers.   All they have is CAD plans sitting on disk drives
or SSDs.   And their education level is well below that of their predecessors.

You underestimate the USA. They already have a prototype of the 6th generation fighter.

https://twitter.com/TheDEWLine/status/1305894299947667457