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    Russian Economy General News: #11

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    Post  LMFS on Mon Nov 02, 2020 1:47 pm

    Agree with the above, and concretely I have read China would pass US this year even on nominal terms (it was already 25% bigger on PPP) and Russia would pass Germany on PPP as the fifth world economy. But of course we need to see how things evolve until the end of the year. The West is going to ask for a debt jubilee, wait and see
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    Post  Firebird on Mon Nov 02, 2020 2:01 pm

    miketheterrible wrote:I'll explain like this.  I dealt in hiring process for south Koreans in the past.  Answers are rather simple.

    In South Korea, it's like a mafia state but business style. In other words, 4 companies own the country.  Hyundai, Samsung, Daewoo and LG (maybe) and they control nearly every economic aspect of South Korea.

    Now average South Korean is paid shit.  And cost of living is high in places like Seoul. Outside it isn't too bad though. And you do get a good quality of life if even a bit expensive.

    But it's like every major industry - you can get job offers making huge money if you have a skill in that field.  But since it's a small country and small competition, the number of specialists needed have dropped considerably. To the point the government is telling people not to bother with higher education as there are no jobs in those fields.  But there is the odd demand here and there where they are willing to pay the amount.

    In Russia or elsewhere is the same but on a grander scale.  Yes, you can get a high paying job at Rosatom, or Rostec, or etc etc etc. But demand is limited and if positions are filled, well guess what? Gotta look elsewhere.  Problem is average Russian is very educated. But if the demand for that job isn't needed, guess what? You look elsewhere.

    It's like programmers in Canada.  High paying job right?  Wrong. It's a small portion are paid well but on average, the wages had dropped for application developers across the board.  Not enough work vs the amount of people there.

    Start ups exist but many fail too.  Not all ideas are great ideas.

    My colleague is actually a computer engineer who worked in Taiwan designing controller boards for hard drives.  He was eventually let go and had to move to Singapore because he couldn't find work in Taiwan for computer engineering - and that is all the country is known for.

    It isn't all black and white.

    You make some good points. I'll catch up on the rest of this thread.
    Anyway, I know a circle of guys in Britain, about 20 or so of them. Nearly all very educated, some Oxford or Cambrduge, lots from law schools. And lots from minor private schools which is an added leg up over the majority of British people.
    One of them earns 1 million British Pounds a year. Another earned 350k GBP but is now unemployed and will probably have to settle for 100k or so for decades.
    A 3rd's salary varies enormously between years, between 45k and 200k, probably 90k average.
    The rest average about mid 40 thousands pa, with some on just 24k in London and 18k elsewhere.
    Excluding the most successful 3, they average about 42k a year.
    But when you add on the top one on his million a year (he is despised by most of the group BTW for being a twat), the average salary jumps gigantically.
    Because he earns what the rest of them earn together, more or less.

    So govts can say "this group of grads earn on average over 100k GBP pa". That sounds pretty good.
    But the truth is, 17 of the 20 have never earned over high 40s. Now high 40s isnt terrible, but its half the so called average. These are the so called success stories.
    Look at 30 yr old gradautes from state schools in England though, and frankly its horrific if they arent doctors, physios, engineers or the like. Anyone trying to get into "commerce" seems to be pissing their life away in a call centre. Most of em would have been better off not going to uni at all.
    I think this epitomises Britain and many Western countries. The stats dont lie, but they are gigantically deceptive in how govts use them.

    To me, this problem is getting worse and worse. Soon we'll possibly see 1 in 40 on maybe 2 million a year. And the rest probably earning 35k a year.
    In the USA, even formerly high flying jobs like bankers and lawyers are seeing big pay cuts. And lawyers working thro agencies. In England, even teaching isnt a guaranteed safe job now.

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    Post  miketheterrible on Mon Nov 02, 2020 2:10 pm

    Dunno if you heard the news lately, and KVS sure as probably heard it, but pos boy Trudeau is wanting to bring in 1.2M more migrants into Canada while we have the highest unemployment in the G7 and probably worst than it was 30 years ago.

    What are we gonna do with 1.2M migrants? Jobs are scarce and if they are skilled workers (I doubt a lot of em are), it will drive wages down even further. Most do not create jobs besides owning a liquor store and or other business where they either pay employees under the table at below minimum wage or at minimum wage as is. And for maybe 2 to 3 employees total.

    It's a joke and we are setting ourselves up for further failure than before.

    GDP means fuck all in whole honesty. It is a broad measurement that doesn't really equate to a good life style. We only have a higher standard of living cause we live on credit. I live on debt currently. And my debt is massive, apparently it is very small compared to average.

    It is stupid and gonna get worst.

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    Post  Maximmmm on Mon Nov 02, 2020 4:09 pm

    miketheterrible wrote:Dunno if you heard the news lately, and KVS sure as probably heard it, but pos boy Trudeau is wanting to bring in 1.2M more migrants into Canada while we have the highest unemployment in the G7 and probably worst than it was 30 years ago.

    What are we gonna do with 1.2M migrants? Jobs are scarce and if they are skilled workers (I doubt a lot of em are), it will drive wages down even further.  Most do not create jobs besides owning a liquor store and or other business where they either pay employees under the table at below minimum wage or at minimum wage as is.  And for maybe 2 to 3 employees total.

    It's a joke and we are setting ourselves up for further failure than before.

    GDP means fuck all in whole honesty. It is a broad measurement that doesn't really equate to a good life style.  We only have a higher standard of living cause we live on credit. I live on debt currently.  And my debt is massive, apparently it is very small compared to average.

    It is stupid and gonna get worst.

    That's not even the worst part. They're all gonna plow into Vancouver, Toronto and Montreal, cities that are already waaaaay fuller than they should be.
    It's a disaster that's been slowly happening for years now.

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    Post  par far on Mon Nov 02, 2020 4:26 pm

    miketheterrible wrote:Dunno if you heard the news lately, and KVS sure as probably heard it, but pos boy Trudeau is wanting to bring in 1.2M more migrants into Canada while we have the highest unemployment in the G7 and probably worst than it was 30 years ago.

    What are we gonna do with 1.2M migrants? Jobs are scarce and if they are skilled workers (I doubt a lot of em are), it will drive wages down even further.  Most do not create jobs besides owning a liquor store and or other business where they either pay employees under the table at below minimum wage or at minimum wage as is.  And for maybe 2 to 3 employees total.

    It's a joke and we are setting ourselves up for further failure than before.

    GDP means fuck all in whole honesty. It is a broad measurement that doesn't really equate to a good life style.  We only have a higher standard of living cause we live on credit. I live on debt currently.  And my debt is massive, apparently it is very small compared to average.

    It is stupid and gonna get worst.


    I read this Mike and I was, how the hell are all these people going to get jobs. I have a lady who I work with and she volunteers through her Church(there were too Churches get on fire in Ontario by the way) and she said that her Church asked them to help "new Canadians" and she told me that are given everything.

    Pots, pans, beds, mattresses, sofas, housing, food, money, a car, table, clothes, store cards. I swear to god this is what she told me and I believe her because so many other people have said the same thing. I went to my bank once and there was this Muslim saying to the teller, why did my $3100 check from the government not deposited, this is the way they will take care of the 1.2 million new people they are bringing in. Canada creates 300,000 jobs(from what I have read, maybe true or not) and this was way before all this nonsense, they are losing jobs now, most of these 1.2 million people will be on benefits.

    I have my company, when I "cook" the books on my taxes and get money from the government, I don't feel bad at all. My position/belief is that if you can get money from a government in a western country, you do. I try my best to get any money I can.

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    Post  miketheterrible on Mon Nov 02, 2020 4:34 pm

    My wife is from India and she told me she was offered all these benefits including subsidized post secondary education. She ended up saying no and asking how that was even legal and why Canadians don't get this?

    It disgusts me how much the government robs us working people to give it to people who don't work, don't respect our culture/country and just make babies all day to get more subsidies.

    I can't wait for this system to collapse entirely and every one of those parasites are told "sorry, can't do it. No more money".

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    Post  par far on Mon Nov 02, 2020 4:41 pm

    miketheterrible wrote:My wife is from India and she told me she was offered all these benefits including subsidized post secondary education.  She ended up saying no and asking how that was even legal and why Canadians don't get this?

    It disgusts me how much the government robs us working people to give it to people who don't work, don't respect our culture/country and just make babies all day to get more subsidies.

    I can't wait for this system to collapse entirely and every one of those parasites are told "sorry, can't do it. No more money".


    This is why I have no regrets getting free money from the Canadian government.
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    Post  kvs on Mon Nov 02, 2020 5:26 pm

    miketheterrible wrote:Dunno if you heard the news lately, and KVS sure as probably heard it, but pos boy Trudeau is wanting to bring in 1.2M more migrants into Canada while we have the highest unemployment in the G7 and probably worst than it was 30 years ago.

    What are we gonna do with 1.2M migrants? Jobs are scarce and if they are skilled workers (I doubt a lot of em are), it will drive wages down even further.  Most do not create jobs besides owning a liquor store and or other business where they either pay employees under the table at below minimum wage or at minimum wage as is.  And for maybe 2 to 3 employees total.

    It's a joke and we are setting ourselves up for further failure than before.

    GDP means fuck all in whole honesty. It is a broad measurement that doesn't really equate to a good life style.  We only have a higher standard of living cause we live on credit. I live on debt currently.  And my debt is massive, apparently it is very small compared to average.

    It is stupid and gonna get worst.

    Turdeau is just part of the GDP Ponzi racket like the financial sector which is the real decision making center in most western countries.
    (So Putin dealing with Siluanov of the Ministry of Finance and his bankster buddies is par for the course).   Immigration is the exact analogue
    of new money in a Ponzi scheme.   It creates a transient state of GDP stimulus but equilibrates to almost nothing.    The GDP is all about
    spending and circulation of money.   Immigrants generate such circulation by getting government handouts to settle down.   I am aware
    of one situation where fresh immigrants from a third world country were being given new washing machines and other goodies.   Yes, really.
    But when the government welfare stops, these immigrants are usually at the bottom of the ladder and unemployed.   Some are lucky and
    do find good jobs.  

    Fluffing up the population automatically fluffs up the GDP.   That is why I think that China's GDP is overrated.  I know that per capita GDP
    is misleading, but it means something.    With a population over four times larger than the USA, China would need a much larger PPP GDP
    than it currently has to be on the same level.   But of course even in its current state it is already an economic superpower.  

    Back to the topic, the Canadian immigration GDP stimulus is nonsense since it does not reflect the real state of the Canadian economy.
    Bringing in 1.2 million people and then waiting for the GDP to adjust is detached from reality.   There is no such predictable relation.  
    It is actually more likely that everyone gets poorer and that is not "zero sum" thinking.   If there is really a shortage of workers in
    Canada, the immigration makes sense.   If not, it is just deluded fantasy.  

    It is also more than likely that excessive immigration serves the interests of employers by letting them put downward pressure on wages.
    More people competing for the same job keeps "wage inflation" under control.   So Canadians really do get poorer from the immigration
    flood.   To the intellectually challenged who will accuse me of being a racist, immigration is not a cornucopia that is the same under
    any conditions.   When Canada was developing the 1800s and early 1900s, immigrants served to fill demand and thus enable GDP growth.
    Under development equilibrium conditions there is no longer a need for immigrant inputs.   The economy is balanced with the population.
    That is how it works.   Doubling the economy by doubling the number of people in the country is a social engineering project.   As we
    have seen with other such projects, there are negative side effects and it is not even possible to do this without a command economy
    in principle.   The adjustment transients induced by such a project would produce short term poverty since there would not be the
    number of jobs to accommodate the extra population.   This is particularly critical for an export economy since it is not possible to
    increase offshore demand even if theoretically domestic production to serve domestic consumption could be scaled.
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    Post  kvs on Mon Nov 02, 2020 5:35 pm

    par far wrote:
    miketheterrible wrote:My wife is from India and she told me she was offered all these benefits including subsidized post secondary education.  She ended up saying no and asking how that was even legal and why Canadians don't get this?

    It disgusts me how much the government robs us working people to give it to people who don't work, don't respect our culture/country and just make babies all day to get more subsidies.

    I can't wait for this system to collapse entirely and every one of those parasites are told "sorry, can't do it. No more money".


    This is why I have no regrets getting free money from the Canadian government.

    To be fair, immigrants are not automatic welfare leeches. There are plenty of established Canadians who are multi-generational welfare bums.
    Judging from my family experience we hit the ground running when we landed in Canada. And my parents did not work in their professions and
    had to settle for less. In fact, Canada is a scam-land when it comes to bringing in immigrants based on their qualifications and then affording
    them no opportunity to work in their professions. That is why doctors drive taxis in Canada.

    Nobody was giving us free washing machines back in the 1970s. We also paid our rent with our own money and did not get free housing.

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    Post  magnumcromagnon on Mon Nov 02, 2020 6:24 pm

    I don't know what this discussion about Canada has to do with Russia. Move this discussion to this thread:

    https://www.russiadefence.net/t6939p650-decline-of-the-western-society
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    Post  kvs on Mon Nov 02, 2020 10:15 pm

    magnumcromagnon wrote:I don't know what this discussion about Canada has to do with Russia. Move this discussion to this thread:

    https://www.russiadefence.net/t6939p650-decline-of-the-western-society

    It is relevant since many in Russia think that Canada is a paradise. That affects their economic decisions.

    jocolor

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    Post  PhSt on Mon Nov 02, 2020 10:37 pm

    kvs wrote:

    It is relevant since many in Russia think that Canada is a paradise.   That affects their economic decisions.

    jocolor

    True. I have a classmate right now from Novosibirsk who is attending college here in Canada in hopes of getting immigrant status. Her story is the opposite though, she thinks there is no bright economic future in Russia and believes the west is where the prosperity is
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    Post  franco on Mon Nov 02, 2020 10:43 pm

    miketheterrible wrote:Dunno if you heard the news lately, and KVS sure as probably heard it, but pos boy Trudeau is wanting to bring in 1.2M more migrants into Canada while we have the highest unemployment in the G7 and probably worst than it was 30 years ago.

    What are we gonna do with 1.2M migrants? Jobs are scarce and if they are skilled workers (I doubt a lot of em are), it will drive wages down even further.  Most do not create jobs besides owning a liquor store and or other business where they either pay employees under the table at below minimum wage or at minimum wage as is.  And for maybe 2 to 3 employees total.

    It's a joke and we are setting ourselves up for further failure than before.

    GDP means fuck all in whole honesty. It is a broad measurement that doesn't really equate to a good life style.  We only have a higher standard of living cause we live on credit. I live on debt currently.  And my debt is massive, apparently it is very small compared to average.

    It is stupid and gonna get worst.

    So another million Ukrainians in Canada?
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    Post  kvs on Mon Nov 02, 2020 11:16 pm

    PhSt wrote:
    kvs wrote:

    It is relevant since many in Russia think that Canada is a paradise.   That affects their economic decisions.

    jocolor

    True. I have a classmate right now from Novosibirsk who is attending college here in Canada in hopes of getting immigrant status. Her story is the opposite though, she thinks there is no bright economic future in Russia and believes the west is where the prosperity is

    She hasn't lived in Canada long enough. Her starry eyed student view of reality is warped.

    And most people I know have no clue about the state of the economy even in the countries they live. People run on the
    impression vapours that they inhale from the MSM and which they choose to fit their world view.

    Anyone who thinks that Canada has a bright economic future is totally detached from reality. I have seen the standard of living
    slip first hand over the last 40+ years. It's not some cyclical process. The immigration Ponzi racketeers are loading the country
    with more warm bodies in place of trying to have a real economic policy.



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    Post  par far on Mon Nov 02, 2020 11:43 pm

    PhSt wrote:
    kvs wrote:

    It is relevant since many in Russia think that Canada is a paradise.   That affects their economic decisions.

    jocolor

    True. I have a classmate right now from Novosibirsk who is attending college here in Canada in hopes of getting immigrant status. Her story is the opposite though, she thinks there is no bright economic future in Russia and believes the west is where the prosperity is


    Her studies are probably being played by the Canadain government, let her live here 5-6 years.
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    Post  kvs on Mon Nov 02, 2020 11:56 pm

    par far wrote:
    PhSt wrote:
    kvs wrote:

    It is relevant since many in Russia think that Canada is a paradise.   That affects their economic decisions.

    jocolor

    True. I have a classmate right now from Novosibirsk who is attending college here in Canada in hopes of getting immigrant status. Her story is the opposite though, she thinks there is no bright economic future in Russia and believes the west is where the prosperity is


    Her studies are probably being played by the Canadain government, let her live here 5-6 years.

    She also sounds like a liberast sycophant.   This set of Russian weirdos is terminally deluded.  

    I have no tolerance for liberasts.   Even if Russia is not rich and everyone is not a millionaire, it is still a decent place to live since
    people are still engaging and not urbanized drones like in much of the west.   There is a progressive compartmentalization on
    smaller and smaller scales in western society.   A sort of human relations fragmentation which has already destroyed the extended
    family and is now in the process of destroying the family unit.   The lust for material fulfillment is driven by the void that this is
    creating (call it spiritual or psychological).  Grubbing for consumer trash is like shoveling food into your mouth to get an endorphin
    rush.

    I have talked with people from the developing world and have lived some time in one of the South American countries and we
    agree that life in these poor countries can be richer in human terms.   I think that such richness is worth a lot.  Having several
    cars in a POS drywall bloat "home" is not a metric of well being.

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    Post  Big_Gazza on Tue Nov 03, 2020 1:15 am

    kvs wrote:
    Anyone who thinks that Canada has a bright economic future is totally detached from reality.  I have seen the standard of living
    slip first hand over the last 40+ years.   It's not some cyclical process.   The immigration Ponzi racketeers are loading the country
    with more warm bodies in place of trying to have a real economic policy.

    I'm not Canadian but I understand what you're saying as I've seen the very same things here in Australia. We used to call ourselves the "lucky country" but now we are on the same slippery shit slope that every Western Capitalist nation is facing. We're borrowing ourselves to death, imploding the middle classes, fuckin over our major trade partner in China (a fucking nonsensical thing to do when much of your economy relies on export of energy & commodities) and flooding ourselves with an endless horde of foreigners who won't accept our culture and are working hard to fractionate our once homogenous nation into a patchwork of ethnic identities. Add to that the suffocating PC imported from the US and the 4th Reich with its globo-homo Crusade of Black Faggotry and I have no idea what this place is becoming. Its simply unrecognizable from the old Australia I grew up in during the 70s & 80s.

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    Post  flamming_python on Sun Nov 08, 2020 10:54 am

    PhSt wrote:
    kvs wrote:

    It is relevant since many in Russia think that Canada is a paradise.   That affects their economic decisions.

    jocolor

    True. I have a classmate right now from Novosibirsk who is attending college here in Canada in hopes of getting immigrant status. Her story is the opposite though, she thinks there is no bright economic future in Russia and believes the west is where the prosperity is

    The less such people in Russia the better

    She is not focused on seizing the opportunities that are there, but on finding somewhere to call easy street.

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    Post  Hole on Sun Nov 15, 2020 8:31 pm

    https://www.stalkerzone.org/an-end-to-offshore-the-russian-state-nationalises-the-port-of-vladivostok/

    I put these here even if Rosatom and the arctic seaway are mentioned.

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    Post  kvs on Mon Nov 16, 2020 12:08 am

    Hole wrote:https://www.stalkerzone.org/an-end-to-offshore-the-russian-state-nationalises-the-port-of-vladivostok/

    I put these here even if Rosatom and the arctic seaway are mentioned.

    An important piece of information. Time for games pandering to the west is over. The west never wanted Russia as a friend
    it always wanted it out of the way to get at its resources. The west never learns that it will not always get what it wants.

    Offshores are one of the reasons that the Russian financial industry is underdeveloped. Finally solid moves are being made to
    repatriate this capital and have it work for Russian banks instead of foreign ones. Russia is big enough to have a banking sector
    that can give affordable loans for business operations without having to go outside Russia.

    I can't wait for the CBR to be purged.

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    Post  Maximmmm on Wed Nov 18, 2020 11:51 am

    Probably others saw this, but I think it's interesting and worth pointing out:
    https://sdelanounas.ru/blogs/137496/

    Looks like the trans-siberian is regaining it's importance as an east-west artery. Here it specifically talks about japanese companies increasing their use of its services, but I'm sure it applies to other countries as well. Korea could be a nice option.

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    Post  kvs on Wed Nov 18, 2020 5:20 pm

    Maximmmm wrote:Probably others saw this, but I think it's interesting and worth pointing out:
    https://sdelanounas.ru/blogs/137496/

    Looks like the trans-siberian is regaining it's importance as an east-west artery. Here it specifically talks about japanese companies increasing their use of its services, but I'm sure it applies to other countries as well. Korea could be a nice option.

    Some points:

    1) There must be rail gauge changes for any such point to point rail traffic. The article makes no mention of it.
    So Russia must have some large scale carriage swap facility somewhere that does not delay the trip enough
    to matter.

    2) As oil becomes uneconomical due to supply constraints, shipping is going to become less viable. The
    Russian railway system is electrified so it can operate on nuclear and hydro power for a very long time.
    Shipping will adapt, but the days of cheap energy are running out.

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    Post  GarryB on Thu Nov 19, 2020 2:58 am

    Shipping could convert to natural gas or nuclear... it is a good way to ship a lot of stuff in one go because port facilities coordinate the movement of goods to the port and onto ships and then off ships and onto trucks in return already.

    With modern electric cars where you can position the steering wheel and controls from one side of the vehicle to the other it can't be that hard to design a train that can change the wheel gauge it uses to drive around on...
    x_54_u43
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    Russian Economy General News: #11 - Page 32 Empty Re: Russian Economy General News: #11

    Post  x_54_u43 on Thu Nov 19, 2020 5:32 am

    kvs wrote:
    Maximmmm wrote:Probably others saw this, but I think it's interesting and worth pointing out:
    https://sdelanounas.ru/blogs/137496/

    Looks like the trans-siberian is regaining it's importance as an east-west artery. Here it specifically talks about japanese companies increasing their use of its services, but I'm sure it applies to other countries as well. Korea could be a nice option.

    Some points:

    1) There must be rail gauge changes for any such point to point rail traffic.   The article makes no mention of it.
    So Russia must have some large scale carriage swap facility somewhere that does not delay the trip enough
    to matter.

    2) As oil becomes uneconomical due to supply constraints, shipping is going to become less viable.   The
    Russian railway system is electrified so it can operate on nuclear and hydro power for a very long time.
    Shipping will adapt, but the days of cheap energy are running out.


    Is the Trans-Siberian railway actually electrified? That's a huge distance with much of it very far away from civilization.
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    Russian Economy General News: #11 - Page 32 Empty Re: Russian Economy General News: #11

    Post  kvs on Thu Nov 19, 2020 6:12 am

    x_54_u43 wrote:
    kvs wrote:
    Maximmmm wrote:Probably others saw this, but I think it's interesting and worth pointing out:
    https://sdelanounas.ru/blogs/137496/

    Looks like the trans-siberian is regaining it's importance as an east-west artery. Here it specifically talks about japanese companies increasing their use of its services, but I'm sure it applies to other countries as well. Korea could be a nice option.

    Some points:

    1) There must be rail gauge changes for any such point to point rail traffic.   The article makes no mention of it.
    So Russia must have some large scale carriage swap facility somewhere that does not delay the trip enough
    to matter.

    2) As oil becomes uneconomical due to supply constraints, shipping is going to become less viable.   The
    Russian railway system is electrified so it can operate on nuclear and hydro power for a very long time.
    Shipping will adapt, but the days of cheap energy are running out.


    Is the Trans-Siberian railway actually electrified? That's a huge distance with much of it very far away from civilization.

    Both the BAM and the older Trans-Siberian Railway are electric and both are being upgraded for several years already.

    https://en.wikipedia.org/wiki/Trans-Siberian_Railway

    https://en.wikipedia.org/wiki/Baikal%E2%80%93Amur_Mainline

    The electrification is 25 and 27.5 kV at 50 Hz.

    https://uic.org/com/enews/nr/408/article/russia-rzd-begins-upgrade-and?page=modal_enews

    https://www.railwaypro.com/wp/first-bam-and-transsib-modernisation-phase-to-be-completed-in-2020/

    Most of Russia's rail lines are electrified.


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