One thing I should have mentioned is that there is and unreliability in statistics from Russia/IMF. The fact interest rates are 21% may suggest inflation is a bigger problem than 9%
Interest rates do not work that way as you said in the video. When the rates gets above 6% or maybe 8% none is borrowing from the central bank any more. So increasing it to 10% won't change anything. None is borrowing from the central bank at 10%. None is borrowing from the central bank at 15%. None is borrowing from the central bank at 20%. Why would increasing it to above 21% change anything.
Inflation is no longer caused by the central bank lending to private banks at that point. I mean Russian rubel is already dead internationally. The USD is far to hard to get your hands on in Russia to have a huge effect on the value of the rubel. I would assume that they are printing money directly to the government.
@@MegaBanne inflation in Russia is caused partly by increased spendings of those, who earn money on the battlefield. Most of this people are from the lowest classes of society and now they are paid 2000 dollars a month and they also get 20000 dollars for signing a contract. For many Russian regions this is a huge amount of money. Their spendings drives the inflation. Salaries of those who work on military factories also significantly increased. That’s why there is deficit of all products in the economy - just because many people now have money that they never had and started to buy a lot, while the supply shrinks because of a severe deficit of workers in the economy.
@@0x400BogdanIt actually leads to more consumption, because Russian killers earn decent amounts of money, so they pump up the demand in the economy. But this demand can’t be satisfied because of shortages literally in any field of economy and this drives prices up.
@@Михаил-ш4э5ч I agree with you. I mean that the produced products and services can't be consumed by the public sector and mostly doesn't lead to more export. It gets wasted on the battlefield.
Some money ends up in the hands of employees who can spend it. But as said in the video, it takes away resources to be used in war and if people have a bit more money but the amount of things they can buy decreases it might even out the purchasing power
@@Михаил-ш4э5ч It leads to bad consumption as it is just a case of Dutch Disease. IE. the whole economy is anchored on one thing. So if that one thing is taken out then what happens to the economy?
I'm Russian, living near Saint Petersburg. Recent economicb trends really scare me. Double digit inflation, scarcity caused food prices to double and triple sometimes. Something as simple as eggs, chicken, quality tea, sweets now considered as a sign of middle and upper middle class. Kids are regulary underfed, and because of this sometimes lose their consciousness in the middle of a school lesson. Regular electricity cut-offs, water and sewage pipes leakage, and overall crumbling of infrastructure is all common thing.
@nicennice I'm in Britain (wye valley) and haven't really noticed any of that, at least in my local M&S or Waitrose - certainly not double or triple anyway.
@@nicennice Except that we aren't talking about Britain. Are we? Your comment and trying to divert from the topic speaks volumes about you. How are your barracks Yuri', your turn soon. 😉😉
Cheers from Russia! I'm a big fan of this channel. Long-term stagnation and structural degradation for the Russian economy now seems to be unavoidable. Real inflation currently is like 18%. The official inflation of 8.7% is a complete mockery. No one takes that number seriously. Not only because Bank of Russia's rate is 21%, but because, as a vey indicative and telling marker, VAT volume collected grows 22% year on year. Even if (rather IF) we believe in real economic growth of 3%, then that increase of 22% of VAT volume collected minus 3% of supposed real economic growth leaves real inflation at like 19% or something. But in actuality there is no real economic growth, and no real wage increases. The official growth for GDP at a rate 3% is very debatable. If the statistical authorities used a slightly higher rate for GDP deflator in their calculations, there would not be any economic growth despite all military production. But they are too scared to dissapoint Crazy and Merciless Ruler, so they 'massage' all numbers to demonstrate at least some growth numbers. And the main loony patient is very happy about that implied stability of the economy. The economy outside the military-industrail complex is definitely shrinking. I would assume roughly by 2-3% year on year. As an illustration, the choice of foods (especially qualitywise) in supermarkets is deteorating. As if before all the madness the foods in Russia were ok, but not it's getting even worse. Not soon, but in 3-5 years from now we here will be like 20-25% down in living standarts. It's not a rapid catastrophy, but a pretty unpleasant situation.
@@SapereAude1490 Mostly VPN, but also special browser plug-ins, and specail programms like Goodbye-DPI. Not that hard. And mobile operators mostly still allow connection to RUclips. So far, so good. Luckily, de-blocking solutions still outpace blocking methods. And this status-qwo is convinient for both users and authorities. Internet authorities earn a lot of federal budget money on partial blocking for RUclips. They are the first who are not interested in complete switch off for RUclips, only partial problems. That's a piece of Russian logic for you :)))
It will be more and more rapid as Russia's currency reserves deplete. This will cause the Russian government to lose control of the Ruble if the situation continues. Interest rates above 20% and spending of foreign currency reserves built up between 2014 and 2022 stabilized the Ruble and even caused it to appreciate relative to the dollar in 2022. Putin does not have reserves to do this anymore. The reserves will never go to zero and Russia will always get some foreign currency reserves from exports. However, they are undeniably shrinking. This type of thing is slow, slow, slow, slow, slow, moderate, then fast, fast, faster, ridiculously fast. No one knows exactly when the wheels will come completely off. Russia had been desperately trying to maintain below 100/1 for Ruble/USD, but they can no longer do this. Does Russia have the reserves to maintain 120/1? 150/1? Or will they completely lose control? As the size of reserves decreases and central bank interest rate increases Russia's government gets fewer and fewer viable options. I don't know how much gas Russia still has in its tanks, but I do know the level is diminishing. Putin very obviously built-up foreign reserves to fight his wars instead of using those funds to develop Russia. Russia could have had tens of billions of dollars' worth of more capital infusion every year for almost a decade instead of building up those reserves. How much better quality of life would the average Russian have with all that capital spending? Better roads, schools, infrastructure, business investment could have caused even more growth. War spending is usually a waste. Unless you are defending your own country, or you can win a war rapidly then benefit from the peace wars cause economic distress for very little gain. “There is no instance of a nation benefitting from prolonged warfare.” ― Sun Tzu, The Art of War
Waiting for "Swan Lake" replays on Moscow TV - will it happen before Christmas? We are on the threshold of the end of RF and the end of Putin. Slava Ukraini!
When you spend 33-40% of the entire State Budget or 12% of GDP to wage a ridiculous war - the price and market for gas and oil from Russia is going down and no one can pay because of the new sanctions - then Russia is now issuing new government bonds at low interest rates to take money from the domestic market that should have been reinvested in private production. They are doing this when the interest rate has recently been set at 21%. Then we are talking about a partial collapse of the Ruble - Today 103.4 against the Dollar. Mr. Putin has to go out and buy a lot of equipment for his war and is now paying 20% more than just 4 months ago. The fact that no one wants Rubles is even worse
As a russian, 2:05 all mortgage deals in Russia are fixed for the whole period so mortgages didn't go up for those who already started to pay them and there are lots of subsidies for new mortgages for families, first buyers etc. So ordinary ppl dont feel this, it's just inflation is going up and up, but also salaries in some industries doubled and tripled. So things like international travel and cars do cost times more Vs pre war but regular groceries didn't really become unaffordable imho. There is a lot of side trading and shady deals to continue import from the west which I think is at the core of why the Russian economy didn't struggle as much as it was expected. If the US is going to be strict at actually implementing those sanctions, the Russian economy won't survive long. Those payouts to new soldiers (10-30 times their normal salaries) did push inflation and will continue doing that for as long as the war is going...
Yeah, it's a quite accurate description and summary. Although, as a very minor detail, some mortgages (like the so-called transh morgages, траншевая ипотека) are linked to the current rate, when preliminary morgages for newly constracted flats turn into firm agreements, when home-buyers get their flats from building companies. But it's less than 2% of all mortgages, which fall under that shady scheme, some naive home buyers got into that scheme on the notion of future landing rates stability. They somehow decided to get a feeling of being like UK or Canadian mortgage borrowers, lol. Now they feel the pain.
I’ve heard that for most Russian soldiers it was a cultural shock to see that people in Ukraine can actually have toilets inside the house and washing machines.
@@vonder7 In all fairness, that is an exaggeration. Although many frontline military personnel are from the most disadvantaged regions and social stratas, living standards are not that awful for them to be shocked by toilets or washing machines. At the same time, Ukrainian people are indeed great homekeepers and overall smart and efficient people, which is why their houses might have positively impressed.
There is so much dis info about Russia in Western media. Mostly in form of copium of economy being bad. My cousin is an immigrant in Russia and he tells me everything is fine for now. He has his own small business and he is doing okay.
The benefit is that Russia will not have US nuclear missiles all along its very long border with Ukraine. The US neo-con hawks are extremely aggressive and have been bought by the US arms industry so any increase the chance of a first knockout strike being successful would make use of their nuclear weapons far too tempting
It’s amazing to see these comments about how everything is fine in Russian economy. I live in Russia, and for the last three years for the majority of people things have become significantly worse. Car prices increased have doubled since 2021, as well as housing. Mortgage loans are now 28-29% and have become unaffordable unless you have children younger than 6. Food prices are skyrocketing, 20-30% a year. Meanwhile, a median salaries for the majority of people increased just slightly. There is significant increase only for those working in the military industry and who take a lot of overtime work. Don’t believe Russian statistics, most of this is a lie.
The same is happening everywhere. Since COVID, food has doubled and tripled in the UK. Rent is up 30%+, mortgages are higher. Wages have went up but not by much.
It’s worse here in the U.K.!!! I can tell you as a small business owner the cost of my products that I sell have risen 15% every year for the last 3 years. Food has gone up 30%+ , eneergy has doubles and rent has gone up 40%. 5yrs ago I was paying £670 a month for rent a room and the same room is now £950 a month. Add on bills, food, travel and etc. most people in the U.K. are broke and miserable.
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
With $420,000 in retirement savings, diversifying into assets that historically perform well during inflationary periods, such as Treasury Inflation-Protected Securities (TIPS), commodities, or foreign currency assets, might help protect against potential dollar depreciation. Exploring options like global real estate, diversified foreign bonds, or high-quality international equities may also offer a hedge against a declining dollar and inflationary risks .
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions. Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
One important vote that goes on every day, in every country. Immigration vs emigration. Is anybody moving to Russia? Assumed is freedom movement. It can’t really be measured in a prison state like Kim’s N. Korea.
I've just subscribed, mainly because your comments section includes many cogent, well expressed and realistic comments from concerned Russian citizens. A refreshing and reassuring change from the usual jingoistic drivel. Welcome to you all. Also, it's the first time you have appeared on my feed, and I enjoyed your presentation.
Russia Money Supply M2 increased 18.8 % YoY in Sep 2024, compared with a growth of 17.9 % in the previous month so printers are active and will affect inflation and the poor part of the population.
Economy can live - and be boosted - by reserves for some time. But not forever. And in 2025 the available reserves (=not blocked in other countries) will be hitting the bottom. If oil prices keep going down it will be already by the 1/2 half of 2025, otherwise second half is a good estimate. And then anything can happens. Getting rid of the man that created this mess and stopping sinking men and money in the war would be the easiest one.
There is no problem, as long as A) you can print money (or force a central bank to do so) and B) you can persuade or force others to accept this paper money as payment for something. Russia will never run out of A) but B) becomes hard. They can force their own population to accept the Ruble as payment, but even these get anxious and try to change their Rubles into real money on the black market, when possible. The same as in many other countries.
Fact. Russia fix numbers and print rubels. Next week they will print 2bln rubels to give them to banks so banks can pay government bonds (nobody wants to buy it) to backfill deficit in budget. Real value of US dollar in Russia is around 10-15% more than official. Thank you.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments. Everyone should have BTC in their portfolio….
It's really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It's a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Jihan Wu! Imagine i invested $50,000 and received $190,500 after 14 days
As a beginner in this, it’s essential for you to have a mentor to keep you accountable. Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
The Russian GDP grows is meaningless, if digging one hole cost 100$ and I go to my backyard and dig hundred holes my GDP is 10 000$ but I don’t have anything from this activity. Just like ruzzia building a tank which are getting destroyed in Ukraine, gdp is growing but people are getting poorer.
China is somewhat in the same situation as a lot if their capital spend ends up being unused or economically unviable which whilst not as spectacular as going up in smoke is economically the same, in fact sometimes worse as they have to pay to maintain them.
@@andreg4575 And irrespective of what equipment the West sends to Ukraine, it's only worth a miniscule part of these countries' industrial output and GDP. It's literally pocket money to us. We could afford much more.
Anyone printing money and buying tanks is ALWAYS going to see GDP rise. But 'useful GDP' ie wealth actually created has plummeted. GDP is no guide at all to the strength of an economy at war.
China is ready for sanctions. They n Russia have survived all the ones thrown at them. Foreign exchange reserves of Russia are $700 billion, much more than UK
Excellent presentation. There's a fascinating book by Adam Tooze: The Wages of Destruction. It's about the Nazi economy 1933-1945. Many parallels between Putin's regime and Hitler's regime.
"90% of russian micro electronics now come from china". I assume, china is in many cases only the middleman for USA or europe semiconductor products. By the way, "Made in Malysia" was printed on integrated chircuits as early as 1980. Designed in US, produced in third world countries.
I would like to hear from an economist what will happen when the war ends? my main thoughts are that the ruble will plummet value because they have just been wildly printing money to pay for the war. Will it be something like after World War II in Germany where you needed a wheelbarrow full of Deutschmarks to pay for a loaf of bread?
Russia historically had very high inflation rates and unaffordable mortgages, as well as regular falls of the national currency. It's a typical state of matters in Russia.
I don't know if your spinning Russin propaganda or your on weed, but, Russia's economy is in dire trouble. Every economist outside of Russia is saying so. And your comparing apples with oranges when America was fighting in Vietnam. The world's ecomonys has moved on since. Successful ecomonys, are vastly different from Russia's petrol station economy for generations. In other words, Russia, is a one trick donkey.
@@xtc2v Fiscal surplus is just one of many metrics. And it tells little about the quality of economic growth. In the case of the UK, they would fare better with higher fiscal deficits, not with stupid austerity
@@xtc2v The US has the worst national debt problem. But no one thinks it doesn't have the strongest economy. The UK has its own issues, but assuming that Russia has it better is seriously wrong.
Real wages increased by 18% in two years after inflation, real GDP increased 7%, population increased by more than 5 million, reserves grew and debt to GDP did not increase. I would say they are doing amazing.
We get 131 roubles... to the pound.. We get 131 roubles .. to the pound.. That's what Ive been singing around the house to the tune of 'he's got the whole world in his hands', all to the annoyance of my misses.
IMF forecasts Russia to growth at 5%, 2X rate of G7, with no debt. Labor shortages are the biggest problem. North Koreans and Africans are given work visas.
Russia's economy is not set to crumble but it will experience inflation with the Ruble set to decrease to 113 - 120 RUR to the USD in the second half of 2025. Russia's biggest trading partner is China and it seeks a weak yuan policy to manage the rain of tariffs and trade restrictions so it is expected. The war is expensive for Russia but because it is self-sufficient in energy, agriculture, minerals etc. the devaluation of the Ruble will also make Russia's exports more competitive vis-a-vis trading partners with always declining currencies such as India and Türkiye.
No, Russia is waging a very expensive war. It's earning less than it costs, nobody wants to lend them money. They can only print more rubles. I think we will hit 120-130 before the end of the year. The bottom is falling out of the economy as we speak.
@@BudmilBudapest Russia isn't as self-sufficient as you think. Especially on the sectors that are the most important for its economy and military! So weak currency will hurt the Russians a lot and cause them to lose the advantage in equipment! And we can already see how the other countries are squeezing Russia as they know that Russia doesn't have many trading partners left! So it is the buyers market there and Russia can either sell for what the Chinese offer, or go home and sit on their oil.
You suddenly have a huge influx of pro Russian users in your comment section. No wonder employment is so low. They're all being paid to post propaganda online 😂
I thought they'd all been killed by the "Ghost of Kiev" and the "Miracle of Bakhmut"? Most Ukrainians fled their wonderful paradise (8 million+)....little wonder they're recruiting 50+ year olds to man the barricades! Sorry just a Russian bot here typing from deepest Cumbria. Pls don't tell Kier, wouldn't want to end up in the slammer 😅
You are being shallow and naive. I interpret these comments from sane, analytical Russians as extremely welcome, and look forward to dialogue with them. It is not unreasonable to assume that not all Russians are drunken lowlifes. Learn from the good ones.
@brianfreeman8290 when I commented the video had been out for an hour and suddenly a large number of pro russian accounts with barely any comment history show up to talk about how great the Russian economy is? Please. This is all propaganda. Half of these accounts are likely bots ready to spread the party line the second a video like this goes up.
Even if they have, Britons can generally afford food. The UK is a wealthy civilized country and economy. The Putinstanian Federation is a poor 3rd world country where babushkas had trouble affording to live even before this current mess. The avarage pension was something like $200 a month! Now it's even less because the Ruble is going downhill.
@@slawomirozdoba4605 8 million adults in the UK (13% of population) experienced food poverty in 2024. I don't care how bad it is in Russia. We got to focus on our own problems.
@@paul_london Food poverty by definition is an uncertainty if a houshold will be able to acquire food. So there may be many scenarios where this could be the case. For example I can say that I would fancy some caviar and truffles, but I cannot afford it so I have to resort to sliced bread, therefore I experience food poverty. Anyways, anyone can simply go to any food bank and take as much food as they need (they may not have truffles though), or they can use a number of food charities like Olio to get food for free. The lack of food problem is solved already and the only food problem UK is facing is overeating. On average UK resident spends 12% of his/her income on food. On average in Russia people spend just over 100% of income on food. Everyone is in debt.
Most Russian soldiers were shocked to see that toilets can actually be inside the house in Ukraine. Some of them saw washing machines for the first time in their life. This says a lot about their economic situation.
@ nec Hercules contra pluers. For every 1 Ukrainian 4 Russians have died. But Russia has almost infinite amounts of land and people that will go fight for 10 rubels and a bottle of vodka.
@@ballshippin3809 there is no scarcity of land and people willing to go on the frontline for a bottle of voodka, 10 rubels worth of lard and brand new pair of footwraps.
Don't forget, the new washing machine narrative is butter. Apparently Russian can't buy butter, according to western MSM. But there are plenty of videos on RUclips debunking this nonsense. Just where do western politicians and media come up with these blatent lies?? What's amazing though is that some people actually believe this nonsense.
@@ballshippin3809 you are right, it’s hard to fight with people who are willing to die for a brand new pair of combat footwraps and 10 rubels worth of lard.
The most remarkable shift is that according to the IMF’s updated numbers, the Russian economy is now 15% larger than the German one when it felt like only recently that Russia had even officially surpassed Germany.
Despite South Africa's absolute determination to keep Apartheid the relentless pressure of sanctions finally forced it to capitulate on it. Putin's absolute determination to keep Ukraine is no different.
Russia public debt is just 19% and private debt is hovering around 53% of gdb. Forex reserve already gone back to prewar level, current energy export revenue is just 25% of gdp than 50% of gdb at 2014, with all this 3 years of sanction, ruble didn't collapse like 90s Japanese economy bubble something commenter missed. Plus all that frozen foreign forex reserve had to given back to Russia. We will see, how all this ends up during post war. But as per Russias historical perspective, strangly all the investments and industrial boost happens only during war/crisis time than peace times. So its still too soon talk collapses, because currently there is no evidence to it.
@andreg4575 when you talk about super weak, better look at the country which really has weak currency like Iran, Venezuela. Which has 5 times less sanctions than Russia. But with 20000 sanctions the Ruble is valued even stronger than the Japanese yen. What we should be thinking is, it usually takes time to stabilise the currency during war.
Russia's economy was running with surplus, just before their assets have been stolen by EU and UK. Even with the war ongoing they enjoy growth. This can not be said about the UK where the future is very bleak. Don't forget that UK is running with deficit and relies on borrowing to sustain the ageing population.
Exactly. The aging population really is the elephant in the room. That and the skills shortages, abysmal infrastructure, abysmal governance and atrocious conditions for business growth all spell long term misery.
@@palestinev3722 I think you'll find that the rot started well before Thatcher. The last time the UK had a baby boom (as such) was 1962. Since then we've had huge societal changes with female participation in the workplace, single parent families, childless couples, gay couples, abortion but to name a few. Add to that years of infrastructure neglect, repeated privatisations (basically quick cash grabs), government economic mismanagement (for at least 50 years) and there's a whole mix of things that are contributing to what will eventually become an economic crisis of mammoth proportions.
Hey there, a Russian here. Good video overall, I'd like to clarify an important detail about war-induced economic boom: before 2022, the poorest ~50% of russians were kept deliberately poor (so as to be disempowered and not be a threat to the government, basically the deliberate victims of the 'middle income trap') and economy was on purpose mismanaged to not benefit them at all; the government didn't need them, they were a liability, so the elites plundered the poor (while more often than not moving capitals abroad to the West). Since 2022, the government all of a sudden does need those poorer russians to be employed in the war industry. These poorest 50% suddenly see dramatic (real) wage increases, 'coz the government needs multi-shift employees. The elites no longer mismanage the economy so badly on purpose, and for sure no longer move the 'plundered' wealth abroad to the West. Boosting the wages of the working class naturally trickles up and makes the whole economy better. I can confirm that the Russian economy at the moment is doing quite a bit better than 3-5 years before, and I mostly expect it to last for the near future due to the reasons I explained above: trickle-up and an incentive to actually enrich the population.
Seems unliekly, Having interest rates at 21% and all the other problems explained in the Video. You are experiencing an overheating economy all the money you described going to the people is good short term but since it produces military products your economy gets slowly killed. You got 1-2 years before the downward spiral is incoming we can already see all the indicators from interest rates to inflation and the weakening ruble...
@@MrKoxe111 May well be the case. I was making a narrow point: A) "bottom 50%" and B) "at the moment". Believe me, I'm very apprehensive about the future. The overheat into downward spiral is a plausible scenario, but I'd say it's far from inevitable. We shall wait and see. To reiterate what I was saying, I'm just slightly annoyed that noone puts it the way I did earlier: the economy was *on purpose* badly mismanaged, and now that this is no longer the case, the negative effect of sanctions and of "SMO" are not even enough to compensate the positive effect of sensible policies.
@@deuterium08 I get what you are saying but the economy may be more effective in the short term, but long term its even worse than it was before since all future prospect are fucked the longer the war goes on, ... but yeah nobody to blame than Putin and all the Russians who support the war ....
Clearly, as you say, maintaining the majority of provinicial citizens in poverty is a deliberate strategy, not a symptom of incompetent government. Perhaps another motivation for maintaining the widespread poverty is that this provides a huge pool of hungry people ready and willing to take money to risk their lives in Ukraine.
its cooked. same wages since 2010. Graduate schemes pays around 25k a year in 2024. In 2010 graduate schemes used to pay 23-25k Rent - 500PCM for 2 bed house in 2010. 900PCM for same house in 2024.
@@Wsadefwhere can you find a house for 900 pm, in rural Wales? In London it’s 2000 minimum, to rent a room it’s 1100. And salaries are like 1600 gbp per month 😂 uk is a third world country.
I love how all these idiots go on about how Russia is sliding into the financial abyss. A country that is huge, has trade links with some of the most influential regions of the world and has vast amounts of natural resources (gold, lithium, oil, gas, coal to name but a few). Compare that to dogshit UK, where anything outside London is comparable to the third world, hospitals have in excess of 8 million on their waiting list, people with skills and money can't wait to leave and their armed forces couldn't fight a bag of chips. Jeez, delusions of grandeur with some folk!
Id love for the russians to reject their leadership regime, get a good leader in place and join with the rest of us. Humans Together Strong......or something like that
Strangely enough, at the last elections in Russia the people had a choice of voting for 28 different political parties. They could very easily reject Putin, but obviously they choose not to. Yeltsin was a drunken western-led lacky who basically sold off anything that wasn't welded down so I guess Russia needed a more effective leadership.
GDP growth during war comes at the cost of huge government decifits and debt growth. But Russia's deficit is 1% of GDP, debt 15%, and their foreigh currency reserve is at all time high in spite of EU's theft. Much growth is import substitution, domestic entrepreneurs taking over after now absent Western consumer goods (brands).
There is no growth. There are billions thrown into the military spend and lots of shady imports through 3rd countries like Armenia and Azerbaijan. Inflation is high and it doesn't seem to stop despite high interest rates so things aren't as great as you are trying to portrait them.
@@vorong2ru Inflation has been double digit since the 1980s, and living standards in Russia has grown substantially last couple of decades. Real wages now grow by something like 4%. And public finances are super great compared with the US or Europe. Sure, they need more workers, and companies are borrowing to invest in automation in order to benefit from the substitution of former Western imports of consumer goods (brands that aren't any popular anymore, and those "Western" goods are mostly made in Asia). I can't find a figure that looks worse for Russia than for, say, any of the G7 countries. They fight, and win, this war with their left hand thanks to their industrial capacity being vastly superior that of the entire Western world combined. I mean, just look at those 40-50 years old NATO weapons (ATACMS, Javelin, Patriot, Abrahms, F-16 et cetera). They are hopeless. Nothing useful is manufactured in the West anymore.
@@bjorntorlarsson " Inflation has been double digit since the 1980s," That is a complete and utter lie. It has not been double digit between 2015 to 2022.
That's what am i talking about,and you go around,are you internet boss too, the one who supposed to pay anyonee??? I am not worrying because, the Google or youtube boss,is a responsable person, people are free to give or make a point of view,shame on you Bot.
Russia was f'd 2½ years ago when ALL western MSM and NATO Generals said that Russia has run out of ammo and that Putin is dying from cancer. Then they all kept repeating that mantra everyday for over 2 years! That is severe mental illness and inability to apprehend anything that exists in reality.
@orenalbertmeisel3127 currently its 130 roubles to the pound and still climbing with interest rates at 21 percent, exports down and inflation rates high as well. They've also lost the majority of their military by starting a pointless war on Ukraine. I honestly dont know how you think everything's rosy in Russia?
@dannylad1600 the ruble is slightly weaker compared to 2021. Inflation is down since the record levels in Juli-August this year. If Russia has lost the majority of their military, how on earth are they managing to take more Ukrainian territory every day? I legit don't get why people like you keep falling for these lies and fantasy narratives over and over again
Of course, not only in the UK boomers who worked for 40 years have more wealth than zoomers/millenials at the start of their careers. They will inherit boomer's wealth and are already 3x wealthier the than median Russian in prehistoric housing without indoor toilets, running water or central heating. Why do Russian oligarchs launder their money and reputation in Londongrad, and not vice versa?
Of course, not only in the UK boomers who worked for 40 years have more wealth than zoomers/millenials at the start of their careers. They will inherit boomer's wealth and are already 3x wealthier the than median Russian in prehistoric housing without indoor toilets, running water or central heating. Why do Russian oligarchs launder their money and reputation in Londongrad, and not vice versa?
@@thetruth9210Exactly. I've been to Ukraine 8 years ago. Dirt tracks, poor infrastructure, corrupt officials and houses that were literally falling to bits everywhere. Here's a thing. If Ukraine with western support "win", the reality is they "lose". Billions of dollars in debt to pay back for decades to come, falling population and an infrastructure that will cost trillions of dollars to repair. I've no skin in the game but this conflict literally has no winning scenario for Ukraine. Even if they "win", they LOSE.
Europe and USA will rebuild and boost Ukrainian economy that's already set to happen. But who will help you Russians to stand on our feet once this war stops? Your grandchildren will speak Mandarin Chinese.
Russia is doing significantly better than any western country and I mean significantly. Can we please get our own house in order before we look at others.
@ do some research buddy. You should realise that they have won the Ukraine war and are better equipped than any western country and furthermore are totally self sufficient with all natural resources and thousands of tonnes of gold reserves. What have we got in broken britain ☹️ ?
What’s your point? If the ruble is experiencing significant inflation, it will still have the same negative effect on the population. Comparing it to the dollar just indicates the decreasing value if anyone ever traded with Russians again.
Russia needs to forge closer ties with Asia and increase its presence in Africa and in BRICS. Also, its immigration policies to address Labor shortages. Russia is now facing huge increases in FDI and that has to be channelled to the right sectors but the key fundamentals are there. Huge resources, educated labour force and closer geography to Asia where global growth is expected to be generated in the next 50 years
Sure, I am sure foreign funds are climbing over themselves to invest 🤣🤣 I am alo amused how you believe a photo and an anglo sounding name makes you look legit
Could you explain to us why the Russian economy is expected to "collapse" and bring an end Putin and the Ukraine war, when Cuba and North Korea limp on and still pose a threat after decades?
Are Cuba and North Korea waging major wars right now? Wars are expensive. Heck, the USSR collapsed partly because it couldn't sustain waging the Cold war against the West and the hot war in Afghanistan...
North Korea and Cuba get bailed out every so often by for example Russia or China, because it costs a pittance for those states. Who's going to bail Russia out? North Korea, and Cuba? No way they can't pay for that. China? Could pay for it, but won't. CHina ain't in the business of giving large amount of money out of charity. Expect som Russian Far Eastern territories to become Chinese in exchange for that amount of money.
@@VincentRE79 It is a well know fact that Russia due to its insane size has the largest energy and mineral wealth deposits in the world. They can't necessarily access all of it but it is there. Estimates as of 2020 were that Russia had $75 trillion in natural resources, with the USA coming in second with $45 trillion.
Rouble depends much on oil/gas prices, because that's as good as cash. The Rouble exchange rate reelative to the de-industrialized depressed isolated West currencies is irrelevant. Russia now trades with the industrialized civilized non-Western 90% of the world where rule of law is upheld. What does the UK make that anyone wants?
Exactly. I live in the UK and we make fxck all and have used all our natural resources. If all trade stopped tomorrow russia would suffer but survive. We'd all walk everywhere and starve.
Lol Russia is a tiny part of the overall trade for China and India. They've dropped Russia each and every single time when the West actually put their foot down in an us or Russia situation.
@@TheShadowOfZama You refer to times passed and gone for ever. It is very different now when the West is de-industrilized, militarily defeated, socially disintigrated and financially bankrupt. What does the West have to offer China? Russia is obviously the world leader in weapons technologies and they have an abundance of cheap natural resources. The West only has brand names that are increasingly despised all across the world, because of their war crimes, genocides, censorship, disgusting woke popular culture and general total failure in every aspect of their own societies. iPhone isn't even on the top 5 list of most sold smart phones in China. What is made in the West that the Asians aren't making better themselves?
Russia's effective population increased +7 million since 2022. 2.5m Luhansk Peoples Republic, 1.5m Donetsk Peoples Republic, 3.5m Ukrainian refugees (more than anyother single country). Russia 4th largest economy in the world ~ IMF. Additional accessable resources $12 trillion (after the war ends) .
How many of those people need government help to survive? Because there aren't a lot of young, able working age men in the seperatist republics of Luhansk and Donetsk left anymore, because they had full mobilization going on.
One thing I should have mentioned is that there is and unreliability in statistics from Russia/IMF. The fact interest rates are 21% may suggest inflation is a bigger problem than 9%
Interest rates do not work that way as you said in the video.
When the rates gets above 6% or maybe 8% none is borrowing from the central bank any more.
So increasing it to 10% won't change anything.
None is borrowing from the central bank at 10%.
None is borrowing from the central bank at 15%.
None is borrowing from the central bank at 20%.
Why would increasing it to above 21% change anything.
Inflation is no longer caused by the central bank lending to private banks at that point.
I mean Russian rubel is already dead internationally.
The USD is far to hard to get your hands on in Russia to have a huge effect on the value of the rubel.
I would assume that they are printing money directly to the government.
At a recent economic forum official inflation statistics were read out and economists from Russia laughed. True story.
Western economies are mostly consumer spending and asset speculation, on debt. Fake economies.
yea, it's more like 14% but that is still ok
@@MegaBanne inflation in Russia is caused partly by increased spendings of those, who earn money on the battlefield. Most of this people are from the lowest classes of society and now they are paid 2000 dollars a month and they also get 20000 dollars for signing a contract. For many Russian regions this is a huge amount of money. Their spendings drives the inflation. Salaries of those who work on military factories also significantly increased. That’s why there is deficit of all products in the economy - just because many people now have money that they never had and started to buy a lot, while the supply shrinks because of a severe deficit of workers in the economy.
0:35 Russia’s GDP growth isn’t useful as it doesn’t lead to more consumption; it is military spending.
@@0x400BogdanIt actually leads to more consumption, because Russian killers earn decent amounts of money, so they pump up the demand in the economy. But this demand can’t be satisfied because of shortages literally in any field of economy and this drives prices up.
@@Михаил-ш4э5ч I agree with you. I mean that the produced products and services can't be consumed by the public sector and mostly doesn't lead to more export. It gets wasted on the battlefield.
@@0x400Bogdan you are absolutely right. All this GDP growth is wasted and nothing is invested in order for the economy to be more efficient.
Some money ends up in the hands of employees who can spend it. But as said in the video, it takes away resources to be used in war and if people have a bit more money but the amount of things they can buy decreases it might even out the purchasing power
@@Михаил-ш4э5ч
It leads to bad consumption as it is just a case of Dutch Disease. IE. the whole economy is anchored on one thing. So if that one thing is taken out then what happens to the economy?
I'm Russian, living near Saint Petersburg. Recent economicb trends really scare me. Double digit inflation, scarcity caused food prices to double and triple sometimes. Something as simple as eggs, chicken, quality tea, sweets now considered as a sign of middle and upper middle class. Kids are regulary underfed, and because of this sometimes lose their consciousness in the middle of a school lesson. Regular electricity cut-offs, water and sewage pipes leakage, and overall crumbling of infrastructure is all common thing.
Sounds like Britain.
@nicennice I'm in Britain (wye valley) and haven't really noticed any of that, at least in my local M&S or Waitrose - certainly not double or triple anyway.
@@nicennice Except that we aren't talking about Britain. Are we?
Your comment and trying to divert from the topic speaks volumes about you. How are your barracks Yuri', your turn soon. 😉😉
😅😅😅..yup gotca
Just looked up your ip, you're nowhere near russia, you're not even in europe.
What compels you to lie when you're in canada huh?
Losing hope of Russia eventually joining the community of civilized nations in our lifetime.
The rushist empire is crumbling
Love it
You forgot to mention that Russia is unable to borrow money. So when the cash runs out so does the war effort.
Russia can print money.. for a while. Then inflation skyrockets
@SeanSoraghan russian money is worthless. Nobody wants to trade in it.
Cheers from Russia! I'm a big fan of this channel. Long-term stagnation and structural degradation for the Russian economy now seems to be unavoidable. Real inflation currently is like 18%. The official inflation of 8.7% is a complete mockery. No one takes that number seriously. Not only because Bank of Russia's rate is 21%, but because, as a vey indicative and telling marker, VAT volume collected grows 22% year on year. Even if (rather IF) we believe in real economic growth of 3%, then that increase of 22% of VAT volume collected minus 3% of supposed real economic growth leaves real inflation at like 19% or something. But in actuality there is no real economic growth, and no real wage increases. The official growth for GDP at a rate 3% is very debatable. If the statistical authorities used a slightly higher rate for GDP deflator in their calculations, there would not be any economic growth despite all military production. But they are too scared to dissapoint Crazy and Merciless Ruler, so they 'massage' all numbers to demonstrate at least some growth numbers. And the main loony patient is very happy about that implied stability of the economy. The economy outside the military-industrail complex is definitely shrinking. I would assume roughly by 2-3% year on year. As an illustration, the choice of foods (especially qualitywise) in supermarkets is deteorating. As if before all the madness the foods in Russia were ok, but not it's getting even worse. Not soon, but in 3-5 years from now we here will be like 20-25% down in living standarts. It's not a rapid catastrophy, but a pretty unpleasant situation.
How do you guys even have access to RUclips? Through VPNs?
@@SapereAude1490 Mostly VPN, but also special browser plug-ins, and specail programms like Goodbye-DPI. Not that hard. And mobile operators mostly still allow connection to RUclips. So far, so good. Luckily, de-blocking solutions still outpace blocking methods. And this status-qwo is convinient for both users and authorities. Internet authorities earn a lot of federal budget money on partial blocking for RUclips. They are the first who are not interested in complete switch off for RUclips, only partial problems. That's a piece of Russian logic for you :)))
I really appreciate your insight, thank you
Don't answer the door
It will be more and more rapid as Russia's currency reserves deplete. This will cause the Russian government to lose control of the Ruble if the situation continues.
Interest rates above 20% and spending of foreign currency reserves built up between 2014 and 2022 stabilized the Ruble and even caused it to appreciate relative to the dollar in 2022.
Putin does not have reserves to do this anymore. The reserves will never go to zero and Russia will always get some foreign currency reserves from exports. However, they are undeniably shrinking.
This type of thing is slow, slow, slow, slow, slow, moderate, then fast, fast, faster, ridiculously fast.
No one knows exactly when the wheels will come completely off. Russia had been desperately trying to maintain below 100/1 for Ruble/USD, but they can no longer do this. Does Russia have the reserves to maintain 120/1? 150/1? Or will they completely lose control? As the size of reserves decreases and central bank interest rate increases Russia's government gets fewer and fewer viable options.
I don't know how much gas Russia still has in its tanks, but I do know the level is diminishing.
Putin very obviously built-up foreign reserves to fight his wars instead of using those funds to develop Russia. Russia could have had tens of billions of dollars' worth of more capital infusion every year for almost a decade instead of building up those reserves. How much better quality of life would the average Russian have with all that capital spending? Better roads, schools, infrastructure, business investment could have caused even more growth.
War spending is usually a waste. Unless you are defending your own country, or you can win a war rapidly then benefit from the peace wars cause economic distress for very little gain.
“There is no instance of a nation benefitting from prolonged warfare.”
― Sun Tzu, The Art of War
Waiting for "Swan Lake" replays on Moscow TV - will it happen before Christmas? We are on the threshold of the end of RF and the end of Putin. Slava Ukraini!
When you spend 33-40% of the entire State Budget or 12% of GDP to wage a ridiculous war - the price and market for gas and oil from Russia is going down and no one can pay because of the new sanctions - then Russia is now issuing new government bonds at low interest rates to take money from the domestic market that should have been reinvested in private production. They are doing this when the interest rate has recently been set at 21%. Then we are talking about a partial collapse of the Ruble - Today 103.4 against the Dollar. Mr. Putin has to go out and buy a lot of equipment for his war and is now paying 20% more than just 4 months ago. The fact that no one wants Rubles is even worse
As a russian, 2:05 all mortgage deals in Russia are fixed for the whole period so mortgages didn't go up for those who already started to pay them and there are lots of subsidies for new mortgages for families, first buyers etc. So ordinary ppl dont feel this, it's just inflation is going up and up, but also salaries in some industries doubled and tripled. So things like international travel and cars do cost times more Vs pre war but regular groceries didn't really become unaffordable imho. There is a lot of side trading and shady deals to continue import from the west which I think is at the core of why the Russian economy didn't struggle as much as it was expected. If the US is going to be strict at actually implementing those sanctions, the Russian economy won't survive long. Those payouts to new soldiers (10-30 times their normal salaries) did push inflation and will continue doing that for as long as the war is going...
Yeah, it's a quite accurate description and summary. Although, as a very minor detail, some mortgages (like the so-called transh morgages, траншевая ипотека) are linked to the current rate, when preliminary morgages for newly constracted flats turn into firm agreements, when home-buyers get their flats from building companies. But it's less than 2% of all mortgages, which fall under that shady scheme, some naive home buyers got into that scheme on the notion of future landing rates stability. They somehow decided to get a feeling of being like UK or Canadian mortgage borrowers, lol. Now they feel the pain.
I’ve heard that for most Russian soldiers it was a cultural shock to see that people in Ukraine can actually have toilets inside the house and washing machines.
@@vonder7 In all fairness, that is an exaggeration. Although many frontline military personnel are from the most disadvantaged regions and social stratas, living standards are not that awful for them to be shocked by toilets or washing machines. At the same time, Ukrainian people are indeed great homekeepers and overall smart and efficient people, which is why their houses might have positively impressed.
I'm really grateful to hear a Russian perspective, thank you
There is so much dis info about Russia in Western media. Mostly in form of copium of economy being bad.
My cousin is an immigrant in Russia and he tells me everything is fine for now. He has his own small business and he is doing okay.
What's the benefit of having a high GDP if most of its value is wiped after it crosses into Ukraine?
The benefit is that Russia will not have US nuclear missiles all along its very long border with Ukraine. The US neo-con hawks are extremely aggressive and have been bought by the US arms industry so any increase the chance of a first knockout strike being successful would make use of their nuclear weapons far too tempting
It’s amazing to see these comments about how everything is fine in Russian economy. I live in Russia, and for the last three years for the majority of people things have become significantly worse. Car prices increased have doubled since 2021, as well as housing. Mortgage loans are now 28-29% and have become unaffordable unless you have children younger than 6. Food prices are skyrocketing, 20-30% a year. Meanwhile, a median salaries for the majority of people increased just slightly. There is significant increase only for those working in the military industry and who take a lot of overtime work. Don’t believe Russian statistics, most of this is a lie.
The same is happening everywhere. Since COVID, food has doubled and tripled in the UK. Rent is up 30%+, mortgages are higher. Wages have went up but not by much.
Do you live in a different part of Russia? I thought that Putin wanted to keep the Siberian population under to stop a breakaway?
@ I live 400 km from Moscow. The economic situation is roughly the same across the country.
It’s worse here in the U.K.!!! I can tell you as a small business owner the cost of my products that I sell have risen 15% every year for the last 3 years. Food has gone up 30%+ , eneergy has doubles and rent has gone up 40%. 5yrs ago I was paying £670 a month for rent a room and the same room is now £950 a month. Add on bills, food, travel and etc. most people in the U.K. are broke and miserable.
Move to the EU and enjoy the decline here son. 😂
All these issues stem from an economy grappling with uncertainties, including housing problems, foreclosures, global fluctuations, and the aftermath of the pandemic, leading to instability. Rising inflation, sluggish growth, and trade disruptions demand urgent attention from all sectors to restore stability and stimulate growth.
With $420,000 in retirement savings, diversifying into assets that historically perform well during inflationary periods, such as Treasury Inflation-Protected Securities (TIPS), commodities, or foreign currency assets, might help protect against potential dollar depreciation. Exploring options like global real estate, diversified foreign bonds, or high-quality international equities may also offer a hedge against a declining dollar and inflationary risks .
With my demanding job, I lack time for investment analysis. For seven years, a fiduciary has managed my portfolio, adapting to market conditions, enabling successful navigation and informed decisions.
Consider a similar approach.
this is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Certainly, there are a handful of experts in the field.
I've experimented with a few over the past years, but I've stuck with Jennafer Beaver Turner for about five years now, and her performance has been consistently impressive. She's quite known in her field, look-her up.
Thanks, I looked her up on Google and was very impressed by her credentials. I reached out because I need all the help I can get. I've scheduled a phone call with her.
Maybe tell Putin "$50 million a day, from the seized"$300 Billion, for every day his troops remain in Ukraine"
One important vote that goes on every day, in every country. Immigration vs emigration. Is anybody moving to Russia? Assumed is freedom movement. It can’t really be measured in a prison state like Kim’s N. Korea.
I've just subscribed, mainly because your comments section includes many cogent, well expressed and realistic comments from concerned Russian citizens. A refreshing and reassuring change from the usual jingoistic drivel. Welcome to you all. Also, it's the first time you have appeared on my feed, and I enjoyed your presentation.
Russia Money Supply M2 increased 18.8 % YoY in Sep 2024, compared with a growth of 17.9 % in the previous month so printers are active and will affect inflation and the poor part of the population.
Economy can live - and be boosted - by reserves for some time. But not forever. And in 2025 the available reserves (=not blocked in other countries) will be hitting the bottom. If oil prices keep going down it will be already by the 1/2 half of 2025, otherwise second half is a good estimate. And then anything can happens. Getting rid of the man that created this mess and stopping sinking men and money in the war would be the easiest one.
There is no problem, as long as A) you can print money (or force a central bank to do so) and B) you can persuade or force others to accept this paper money as payment for something.
Russia will never run out of A) but B) becomes hard. They can force their own population to accept the Ruble as payment, but even these get anxious and try to change their Rubles into real money on the black market, when possible. The same as in many other countries.
A big caveat: A) typically fuels inflation. As we can all see, by the way.
Yeah they’ve used all their washing machines and shovels to fight in Ukraine. No more washing machine parts left.
Interesting, thought provoking analysis. There is always more to these things than meets the eye. Thank you.
Fact. Russia fix numbers and print rubels. Next week they will print 2bln rubels to give them to banks so banks can pay government bonds (nobody wants to buy it) to backfill deficit in budget. Real value of US dollar in Russia is around 10-15% more than official. Thank you.
Don't simply retire from something; have something to retire to. Start saving, keep saving, and stick to investments.
Everyone should have BTC in their portfolio….
It's really heartbreaking to see how inflation and recession impact low-income families. The cost of living keeps rising, and many struggle just to meet basic needs, let alone save or invest. It's a reminder of the importance of finding ways to create financial opportunities. You've helped me a lot sir Jihan Wu! Imagine i invested $50,000 and received $190,500 after 14 days
As a beginner in this, it’s essential for you to have a mentor to keep you accountable.
Jihan Wu is also my trade analyst, he has guided me to identify key market trends, pinpointed strategic entry points, and provided risk assessments, ensuring my trades decisions align with market dynamics for optimal returns.
Jihan Wu Services has really set the standard for others to follow, we love him here in Canada 🇨🇦 as he has been really helpful and changed lots of life's
His guidance allowed me to restructure my retirement plan, resulting in an estimated $700,000 more by the time I retire.
Some persons think inves'tin is all about buying stocks;
I think going into the stock market without a good experience is a big risk, that's why l'm lucky to have seen someone like mr Jihan Wu.
Based on your explanation, UK contribution to Ukraine would fall into war expenditure hence growth in UK economy. ❤❤❤
The Russian GDP grows is meaningless, if digging one hole cost 100$ and I go to my backyard and dig hundred holes my GDP is 10 000$ but I don’t have anything from this activity. Just like ruzzia building a tank which are getting destroyed in Ukraine, gdp is growing but people are getting poorer.
Domestic production breakdowns, including infrastructure like gasoline and diesel refining, rail shipping, farming equipment breakdowns
When most of your industrial output goes up in smoke a week after it leaves the factory you know it won't end well.
China is somewhat in the same situation as a lot if their capital spend ends up being unused or economically unviable which whilst not as spectacular as going up in smoke is economically the same, in fact sometimes worse as they have to pay to maintain them.
That is what NATO countries are experiencing 😂
@@palestinev3722Like what? NATO sends Ukraine old equipment
@@andreg4575 And irrespective of what equipment the West sends to Ukraine, it's only worth a miniscule part of these countries' industrial output and GDP. It's literally pocket money to us. We could afford much more.
Anyone printing money and buying tanks is ALWAYS going to see GDP rise. But 'useful GDP' ie wealth actually created has plummeted. GDP is no guide at all to the strength of an economy at war.
We will see
Here's my prediction: Trump is going to make China choose between either huge import tariffs or Russian sanctions.
China is ready for sanctions. They n Russia have survived all the ones thrown at them. Foreign exchange reserves of Russia are $700 billion, much more than UK
Hope your right.
"When elephants fight, it is the grass that suffers." - African proverb
Excellent presentation. There's a fascinating book by Adam Tooze: The Wages of Destruction. It's about the Nazi economy 1933-1945. Many parallels between Putin's regime and Hitler's regime.
sounds like 1917 /1991, just leave Ukraine, Belarus , Moldova, etc.
Good information on Russia’s economy. The poor always suffer more.
"90% of russian micro electronics now come from china". I assume, china is in many cases only the middleman for USA or europe semiconductor products. By the way, "Made in Malysia" was printed on integrated chircuits as early as 1980. Designed in US, produced in third world countries.
Thanks for a good and unbiased video. I like to learn without propaganda.
USA debt: *$36 TRILLION*
Russia debt: $350 billion
No sanction against USA.😂😂😂😂😂
Sounded a lot like BBC, platitudes and generalisations, without any insight.
104 rubles against the dollar just since this video was made, but there's no insight...
I would like to hear from an economist what will happen when the war ends? my main thoughts are that the ruble will plummet value because they have just been wildly printing money to pay for the war. Will it be something like after World War II in Germany where you needed a wheelbarrow full of Deutschmarks to pay for a loaf of bread?
Russia historically had very high inflation rates and unaffordable mortgages, as well as regular falls of the national currency. It's a typical state of matters in Russia.
Rouble is tanking today: 1 United States Dollar equals 104.35 Russian Ruble
lost 3% in one week - it is accoring to plan, poo-tin says
@@Antropoids This it must be part of his plan to replace dollar with ruble as the world's most used reserve currency XD
$700 billion in reserves. It's pretty rich next to Euro which has lower GDP growth and funded a failed war in Ukraine
@@ciybersal3499 No they do not have 700 billion in reserves. That is the old number, and 300 billion were left in the west. Try to keep up
@@rmdomainer9042
630 billion USD as of October 2024. Maybe you need to keep up.
Brilliant analysis. Thanks😊
I don't know if your spinning Russin propaganda or your on weed, but, Russia's economy is in dire trouble. Every economist outside of Russia is saying so. And your comparing apples with oranges when America was fighting in Vietnam. The world's ecomonys has moved on since. Successful ecomonys, are vastly different from Russia's petrol station economy for generations. In other words, Russia, is a one trick donkey.
Putin has gone all in on Trump lifting the sanctions and cutting support for Ukraine. He's just now realizing that his hopes are pipe dreams. 😅😅
Seems to be doing leaps and bounds better than the UK economy
Keep dreaming
@@otavongryf1379 Britain has not made a fiscal surplus for the last 25 years. You are the one that is dreaming
@@xtc2v Fiscal surplus is just one of many metrics. And it tells little about the quality of economic growth. In the case of the UK, they would fare better with higher fiscal deficits, not with stupid austerity
@@xtc2v Fiscal surplus means you pull money out of the economy, its nothing to celebrate. Learn how money works
@@xtc2v The US has the worst national debt problem. But no one thinks it doesn't have the strongest economy. The UK has its own issues, but assuming that Russia has it better is seriously wrong.
Real wages increased by 18% in two years after inflation, real GDP increased 7%, population increased by more than 5 million, reserves grew and debt to GDP did not increase.
I would say they are doing amazing.
There has been no population increase.
How many of these 5 millions are old women on occupied territory?
Da Da Volodia, kanietschna 😂
Lol is this a joke.
@@vorong2ru I guess this is just an RT channel's regular viewer
We get 131 roubles... to the pound..
We get 131 roubles .. to the pound..
That's what Ive been singing around the house to the tune of 'he's got the whole world in his hands', all to the annoyance of my misses.
Russian ruble falling down, falling down, falling down
Ruble, Rubble, in big trouble interest rates set to double. Just need a tune!
Do you really believe PUTIN 😂😂😂
IMF forecasts Russia to growth at 5%, 2X rate of G7, with no debt.
Labor shortages are the biggest problem. North Koreans and Africans are given work visas.
That growth is hollow fueled by the war machine. Not the same as healthy growth.
The IMF uses Russian data to make predictions. That should tell you everything. Garbage in, garbage out.
5%growth means nothing if half of your economy is involved in war
Russia's economy is not set to crumble but it will experience inflation with the Ruble set to decrease to 113 - 120 RUR to the USD in the second half of 2025.
Russia's biggest trading partner is China and it seeks a weak yuan policy to manage the rain of tariffs and trade restrictions so it is expected.
The war is expensive for Russia but because it is self-sufficient in energy, agriculture, minerals etc. the devaluation of the Ruble will also make Russia's exports more competitive vis-a-vis trading partners with always declining currencies such as India and Türkiye.
No, Russia is waging a very expensive war. It's earning less than it costs, nobody wants to lend them money. They can only print more rubles. I think we will hit 120-130 before the end of the year. The bottom is falling out of the economy as we speak.
@wandeling127 Do you also believe in the tooth fairy?
@@BudmilBudapest
Russia isn't as self-sufficient as you think. Especially on the sectors that are the most important for its economy and military! So weak currency will hurt the Russians a lot and cause them to lose the advantage in equipment!
And we can already see how the other countries are squeezing Russia as they know that Russia doesn't have many trading partners left! So it is the buyers market there and Russia can either sell for what the Chinese offer, or go home and sit on their oil.
No. They'll be fine.
🇷🇺🐑
You suddenly have a huge influx of pro Russian users in your comment section.
No wonder employment is so low. They're all being paid to post propaganda online 😂
I thought they'd all been killed by the "Ghost of Kiev" and the "Miracle of Bakhmut"? Most Ukrainians fled their wonderful paradise (8 million+)....little wonder they're recruiting 50+ year olds to man the barricades!
Sorry just a Russian bot here typing from deepest Cumbria. Pls don't tell Kier, wouldn't want to end up in the slammer 😅
The mass media has far more influence than posts on there
You are being shallow and naive. I interpret these comments from sane, analytical Russians as extremely welcome, and look forward to dialogue with them. It is not unreasonable to assume that not all Russians are drunken lowlifes. Learn from the good ones.
@brianfreeman8290 when I commented the video had been out for an hour and suddenly a large number of pro russian accounts with barely any comment history show up to talk about how great the Russian economy is?
Please.
This is all propaganda. Half of these accounts are likely bots ready to spread the party line the second a video like this goes up.
Eh NO, but the Germans are
Just a reminder, food prices in the UK have increased by 25% in the last two years
Can you point me to your source?
Even if they have, Britons can generally afford food. The UK is a wealthy civilized country and economy. The Putinstanian Federation is a poor 3rd world country where babushkas had trouble affording to live even before this current mess. The avarage pension was something like $200 a month! Now it's even less because the Ruble is going downhill.
Prices for potatoes, a staple food for many Russians, have risen by 74% since last December
@@slawomirozdoba4605 8 million adults in the UK (13% of population) experienced food poverty in 2024. I don't care how bad it is in Russia. We got to focus on our own problems.
@@paul_london Food poverty by definition is an uncertainty if a houshold will be able to acquire food. So there may be many scenarios where this could be the case. For example I can say that I would fancy some caviar and truffles, but I cannot afford it so I have to resort to sliced bread, therefore I experience food poverty.
Anyways, anyone can simply go to any food bank and take as much food as they need (they may not have truffles though), or they can use a number of food charities like Olio to get food for free.
The lack of food problem is solved already and the only food problem UK is facing is overeating.
On average UK resident spends 12% of his/her income on food.
On average in Russia people spend just over 100% of income on food. Everyone is in debt.
Most Russian soldiers were shocked to see that toilets can actually be inside the house in Ukraine. Some of them saw washing machines for the first time in their life. This says a lot about their economic situation.
And apparently they are fighting with nothing but shovels too, but they are still somehow winning against NATO backed Ukraine?🤔.....
@ nec Hercules contra pluers. For every 1 Ukrainian 4 Russians have died. But Russia has almost infinite amounts of land and people that will go fight for 10 rubels and a bottle of vodka.
@@ballshippin3809 there is no scarcity of land and people willing to go on the frontline for a bottle of voodka, 10 rubels worth of lard and brand new pair of footwraps.
Don't forget, the new washing machine narrative is butter.
Apparently Russian can't buy butter, according to western MSM.
But there are plenty of videos on RUclips debunking this nonsense.
Just where do western politicians and media come up with these blatent lies??
What's amazing though is that some people actually believe this nonsense.
@@ballshippin3809 you are right, it’s hard to fight with people who are willing to die for a brand new pair of combat footwraps and 10 rubels worth of lard.
The most remarkable shift is that according to the IMF’s updated numbers, the Russian economy is now 15% larger than the German one when it felt like only recently that Russia had even officially surpassed Germany.
Yeah, according to Putin Russians live in the 4th largest economy on the planet. Weirdly, most of them have a bit of trouble to notice that blessing.
😂😂😂😂
Amazing, one more year of such dynamic growth and Russia's economy will collapse.
Remarkable indeed. What a load of ...
Everything RUS produces goes up in flame after a week in Ukraine.
Despite South Africa's absolute determination to keep Apartheid the relentless pressure of sanctions finally forced it to capitulate on it. Putin's absolute determination to keep Ukraine is no different.
South Africa was sanctioned by all the countries. 45% of global economy is open for Russia.
On espère tous
Russia public debt is just 19% and private debt is hovering around 53% of gdb. Forex reserve already gone back to prewar level, current energy export revenue is just 25% of gdp than 50% of gdb at 2014, with all this 3 years of sanction, ruble didn't collapse like 90s Japanese economy bubble something commenter missed. Plus all that frozen foreign forex reserve had to given back to Russia. We will see, how all this ends up during post war. But as per Russias historical perspective, strangly all the investments and industrial boost happens only during war/crisis time than peace times. So its still too soon talk collapses, because currently there is no evidence to it.
What inpacts could the super weak rouble have in the economy? Its been losing 3% in the last few days
@andreg4575 when you talk about super weak, better look at the country which really has weak currency like Iran, Venezuela. Which has 5 times less sanctions than Russia. But with 20000 sanctions the Ruble is valued even stronger than the Japanese yen. What we should be thinking is, it usually takes time to stabilise the currency during war.
@@WestEast1World🐑🇷🇺 Putin approves your message, have a potato!
@@WestEast1World " the Ruble is valued even stronger than the Japanese yen." W T F are you talking about?
@@stream2watch I don't have time to explain you, check the value in international currency exchange.
Russia civil airline passenger planes are the safest in the world.😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂
Russia's economy was running with surplus, just before their assets have been stolen by EU and UK. Even with the war ongoing they enjoy growth. This can not be said about the UK where the future is very bleak. Don't forget that UK is running with deficit and relies on borrowing to sustain the ageing population.
Because all socialist states are ineffective and eventually will collapse.
Exactly. The aging population really is the elephant in the room. That and the skills shortages, abysmal infrastructure, abysmal governance and atrocious conditions for business growth all spell long term misery.
@@klawlor3659All started with Thatcher, who opted to follow America's lead of abandoning industrial capitalism for financial capitalism
@@palestinev3722 I think you'll find that the rot started well before Thatcher. The last time the UK had a baby boom (as such) was 1962. Since then we've had huge societal changes with female participation in the workplace, single parent families, childless couples, gay couples, abortion but to name a few. Add to that years of infrastructure neglect, repeated privatisations (basically quick cash grabs), government economic mismanagement (for at least 50 years) and there's a whole mix of things that are contributing to what will eventually become an economic crisis of mammoth proportions.
Russia is doomed. Repeating Kremlin propaganda doesn't change a reality.
Nothing ever happens
You probably said the same when the USSR collapsed.
Russian economy will crumble in the alternate universe.
Where Napoleon and Hitler are staying
This economy is looking healthy to you? 😂😂😂
@@wandeling127 far better than recent western economies.
@@ajmaeenmahtab8456 Shush Patel.
No crises indicated. Its just SSDD as usual in putanistan...
Hey there, a Russian here. Good video overall, I'd like to clarify an important detail about war-induced economic boom: before 2022, the poorest ~50% of russians were kept deliberately poor (so as to be disempowered and not be a threat to the government, basically the deliberate victims of the 'middle income trap') and economy was on purpose mismanaged to not benefit them at all; the government didn't need them, they were a liability, so the elites plundered the poor (while more often than not moving capitals abroad to the West). Since 2022, the government all of a sudden does need those poorer russians to be employed in the war industry. These poorest 50% suddenly see dramatic (real) wage increases, 'coz the government needs multi-shift employees. The elites no longer mismanage the economy so badly on purpose, and for sure no longer move the 'plundered' wealth abroad to the West. Boosting the wages of the working class naturally trickles up and makes the whole economy better. I can confirm that the Russian economy at the moment is doing quite a bit better than 3-5 years before, and I mostly expect it to last for the near future due to the reasons I explained above: trickle-up and an incentive to actually enrich the population.
Seems unliekly, Having interest rates at 21% and all the other problems explained in the Video. You are experiencing an overheating economy all the money you described going to the people is good short term but since it produces military products your economy gets slowly killed. You got 1-2 years before the downward spiral is incoming we can already see all the indicators from interest rates to inflation and the weakening ruble...
@@MrKoxe111 May well be the case. I was making a narrow point: A) "bottom 50%" and B) "at the moment". Believe me, I'm very apprehensive about the future. The overheat into downward spiral is a plausible scenario, but I'd say it's far from inevitable. We shall wait and see. To reiterate what I was saying, I'm just slightly annoyed that noone puts it the way I did earlier: the economy was *on purpose* badly mismanaged, and now that this is no longer the case, the negative effect of sanctions and of "SMO" are not even enough to compensate the positive effect of sensible policies.
@@deuterium08 I get what you are saying but the economy may be more effective in the short term, but long term its even worse than it was before since all future prospect are fucked the longer the war goes on, ... but yeah nobody to blame than Putin and all the Russians who support the war ....
Clearly, as you say, maintaining the majority of provinicial citizens in poverty is a deliberate strategy, not a symptom of incompetent government. Perhaps another motivation for maintaining the widespread poverty is that this provides a huge pool of hungry people ready and willing to take money to risk their lives in Ukraine.
Thanks for what sounds to be a reasonable analysis of the current economic situation in Russia: recent past and present and the reasons why.
Any day now. How about the UK?
its cooked. same wages since 2010.
Graduate schemes pays around 25k a year in 2024. In 2010 graduate schemes used to pay 23-25k
Rent - 500PCM for 2 bed house in 2010. 900PCM for same house in 2024.
@@Wsadefwhere can you find a house for 900 pm, in rural Wales? In London it’s 2000 minimum, to rent a room it’s 1100. And salaries are like 1600 gbp per month 😂 uk is a third world country.
UK is like a drunk relative, currently relies on borrowing just to sustain its addiction to public services.
The IMF is looking for offices in the UK😂
I love how all these idiots go on about how Russia is sliding into the financial abyss. A country that is huge, has trade links with some of the most influential regions of the world and has vast amounts of natural resources (gold, lithium, oil, gas, coal to name but a few). Compare that to dogshit UK, where anything outside London is comparable to the third world, hospitals have in excess of 8 million on their waiting list, people with skills and money can't wait to leave and their armed forces couldn't fight a bag of chips. Jeez, delusions of grandeur with some folk!
Id love for the russians to reject their leadership regime, get a good leader in place and join with the rest of us. Humans Together Strong......or something like that
West needs to evolve into humanity for that. Toi hard.
@@VTh-f5xwas it the west that attacked Ukraine and murdered innocent children?
@@thetruth9210 yeah, fantastic guy 😆
Strangely enough, at the last elections in Russia the people had a choice of voting for 28 different political parties. They could very easily reject Putin, but obviously they choose not to. Yeltsin was a drunken western-led lacky who basically sold off anything that wasn't welded down so I guess Russia needed a more effective leadership.
@@gg41r Putin is a good leader.
GDP growth during war comes at the cost of huge government decifits and debt growth. But Russia's deficit is 1% of GDP, debt 15%, and their foreigh currency reserve is at all time high in spite of EU's theft. Much growth is import substitution, domestic entrepreneurs taking over after now absent Western consumer goods (brands).
There is no growth. There are billions thrown into the military spend and lots of shady imports through 3rd countries like Armenia and Azerbaijan. Inflation is high and it doesn't seem to stop despite high interest rates so things aren't as great as you are trying to portrait them.
@@vorong2ru Inflation has been double digit since the 1980s, and living standards in Russia has grown substantially last couple of decades. Real wages now grow by something like 4%. And public finances are super great compared with the US or Europe. Sure, they need more workers, and companies are borrowing to invest in automation in order to benefit from the substitution of former Western imports of consumer goods (brands that aren't any popular anymore, and those "Western" goods are mostly made in Asia).
I can't find a figure that looks worse for Russia than for, say, any of the G7 countries. They fight, and win, this war with their left hand thanks to their industrial capacity being vastly superior that of the entire Western world combined. I mean, just look at those 40-50 years old NATO weapons (ATACMS, Javelin, Patriot, Abrahms, F-16 et cetera). They are hopeless. Nothing useful is manufactured in the West anymore.
@@bjorntorlarsson " Inflation has been double digit since the 1980s,"
That is a complete and utter lie. It has not been double digit between 2015 to 2022.
You are an England person what you do to make UK overcome it economic situation,,bad ones ???
Bot, you have more pressing issues to worry about. How is the Internet research agency going to be able to pay you in the next few months?
That's what am i talking about,and you go around,are you internet boss too, the one who supposed to pay anyonee???
I am not worrying because, the Google or youtube boss,is a responsable person, people are free to give or make a point of view,shame on you Bot.
@@berrandO шутник
Yeah theyre fk'd.
Next question..
Why? I've heard this since February 2022 and nothing happens
Russia was f'd 2½ years ago when ALL western MSM and NATO Generals said that Russia has run out of ammo and that Putin is dying from cancer. Then they all kept repeating that mantra everyday for over 2 years! That is severe mental illness and inability to apprehend anything that exists in reality.
@orenalbertmeisel3127 currently its 130 roubles to the pound and still climbing with interest rates at 21 percent, exports down and inflation rates high as well. They've also lost the majority of their military by starting a pointless war on Ukraine. I honestly dont know how you think everything's rosy in Russia?
@dannylad1600 the ruble is slightly weaker compared to 2021. Inflation is down since the record levels in Juli-August this year. If Russia has lost the majority of their military, how on earth are they managing to take more Ukrainian territory every day? I legit don't get why people like you keep falling for these lies and fantasy narratives over and over again
@@dannylad1600😂 you’ve been watching too much sky news Danny boy. You do realise you are being led down the garden path.
🎉🎉❤
Kako je ružan😢 Pravi Englez😊
ad hominem attack when you've nothing of value to add
🇬🇧🇬🇧🇬🇧♥️♥️♥️🇺🇦🇺🇦🇺🇦
Two puppets of US foreign policy. Now add the German flag and you will have the 3 biggest stooges of America
😂😂😂 the bullshit these people come out with.
We don’t need to worry about Russian economy as UK is collapsing as we speak 😂
Yeah, we need to further increase taxes! It should be at least 90 percent
Median adult wealth UK: 151,825 U$, meanwhile in Russia: 8,595 U$
@@simonkriznik3437 median boomers wealth in the uk 1M (in mediocre housing) median under 30 wealth -25000 😆
Of course, not only in the UK boomers who worked for 40 years have more wealth than zoomers/millenials at the start of their careers. They will inherit boomer's wealth and are already 3x wealthier the than median Russian in prehistoric housing without indoor toilets, running water or central heating. Why do Russian oligarchs launder their money and reputation in Londongrad, and not vice versa?
Of course, not only in the UK boomers who worked for 40 years have more wealth than zoomers/millenials at the start of their careers. They will inherit boomer's wealth and are already 3x wealthier the than median Russian in prehistoric housing without indoor toilets, running water or central heating. Why do Russian oligarchs launder their money and reputation in Londongrad, and not vice versa?
But how's Ukraine's economy doing and what are it's future prospects? Catastrophe
Fantastic future as a part of Russia.
@@VTh-f5xyeah, it’s so fantastic that most of you don’t have a toilet in the house.
@@thetruth9210Exactly. I've been to Ukraine 8 years ago. Dirt tracks, poor infrastructure, corrupt officials and houses that were literally falling to bits everywhere.
Here's a thing. If Ukraine with western support "win", the reality is they "lose". Billions of dollars in debt to pay back for decades to come, falling population and an infrastructure that will cost trillions of dollars to repair. I've no skin in the game but this conflict literally has no winning scenario for Ukraine. Even if they "win", they LOSE.
@@klawlor3659 That is what you get by having western Ukraine's neo-nazis put in power by the CIA
Europe and USA will rebuild and boost Ukrainian economy that's already set to happen. But who will help you Russians to stand on our feet once this war stops? Your grandchildren will speak Mandarin Chinese.
Russia is doing significantly better than any western country and I mean significantly. Can we please get our own house in order before we look at others.
Please tell us how Russia is doing better…
@ do some research buddy. You should realise that they have won the Ukraine war and are better equipped than any western country and furthermore are totally self sufficient with all natural resources and thousands of tonnes of gold reserves. What have we got in broken britain ☹️ ?
You keep telling yourself this nonsense Sergei.
Sure mate
@@annaclarke7643 yes Karen 🤣
if russia is limiting its business in US$.... that doesn't mean economy falling....
😂😂 it is doing business in another currency 😂
What’s your point? If the ruble is experiencing significant inflation, it will still have the same negative effect on the population. Comparing it to the dollar just indicates the decreasing value if anyone ever traded with Russians again.
Ah yes, dumping the USD to pay with potatoes 😂 Your economy is failing hard... 🇷🇺🐑
@wandeling127 your dollar is rejecting by many countries..
no petrodollars and BRICS currency soon.... Trump will make US like North Korea 🙄 🤣
@ Snapshot this comment…Brics will not even be close to their own currency in a decade…sure they are “talking” about it but it’s not even close
India will be superpower
It won't
How long has it been saying that already?
Russia needs to forge closer ties with Asia and increase its presence in Africa and in BRICS. Also, its immigration policies to address Labor shortages. Russia is now facing huge increases in FDI and that has to be channelled to the right sectors but the key fundamentals are there. Huge resources, educated labour force and closer geography to Asia where global growth is expected to be generated in the next 50 years
@@thetruth9210 Well stated. It was a pity because EU countries are cut from cheap energy from Russia.
Cope harder 😂
Sure, I am sure foreign funds are climbing over themselves to invest 🤣🤣 I am alo amused how you believe a photo and an anglo sounding name makes you look legit
@@rmdomainer9042 You can wish dream but reality is reality Keep on drinking the cool aid son
@@silafaupaulmeredith7251 Nice syntax there "Paul Meredith". In the real world, RU lost 72.03% FDI between 2022 and 2023.
People still thinking Russia is still the same as it was in the post Soviet 90's. Russia is a serious power now
@@ballshippin3809 😆 Kanietshna Sergei
A serious power but can't win a direct war against a NATO proxy?
@@vonder7he is probably some hungry African posting propaganda for $2 a month
@@lordpendragon4867Or a potato.
A serious power that got 1/3 of it's black sea fleet sunk and the other 2/3 is hiding away.
Trump will sort it out as long as Starmer and Biden don't get us all blown up before he gets in
Goodness! Someone who can predict Trump! Whatever next? He was going to end the war 24 hours after the election, nineteen days ago.
Putin is all bluff and bluster. He'd better start thinking about his escape plan.
Could you explain to us why the Russian economy is expected to "collapse" and bring an end Putin and the Ukraine war, when Cuba and North Korea limp on and still pose a threat after decades?
Are Cuba and North Korea waging major wars right now? Wars are expensive. Heck, the USSR collapsed partly because it couldn't sustain waging the Cold war against the West and the hot war in Afghanistan...
@@joojoojeejee6058Exactly.
North Korea and Cuba get bailed out every so often by for example Russia or China, because it costs a pittance for those states. Who's going to bail Russia out? North Korea, and Cuba? No way they can't pay for that. China? Could pay for it, but won't. CHina ain't in the business of giving large amount of money out of charity. Expect som Russian Far Eastern territories to become Chinese in exchange for that amount of money.
Russia is the richest country in the world. This man is talking rubbish.
Who told you this, Putin?
@@VincentRE79 It is a well know fact that Russia due to its insane size has the largest energy and mineral wealth deposits in the world. They can't necessarily access all of it but it is there. Estimates as of 2020 were that Russia had $75 trillion in natural resources, with the USA coming in second with $45 trillion.
@@420haxx Yes but also by an insane president who wants it all for himself.
@@VincentRE79 I have no love for Putin, but you are brainwashed fool.
@@420haxx So what by your logic Congo is also amongst the richest countries in the world? GTFO with that BS.
Rouble depends much on oil/gas prices, because that's as good as cash. The Rouble exchange rate reelative to the de-industrialized depressed isolated West currencies is irrelevant. Russia now trades with the industrialized civilized non-Western 90% of the world where rule of law is upheld. What does the UK make that anyone wants?
Dollar increased 5% due to fear of tariffs.
Exactly. I live in the UK and we make fxck all and have used all our natural resources. If all trade stopped tomorrow russia would suffer but survive. We'd all walk everywhere and starve.
If Putin has his way (and the Russian banks) the Ruble will be gold backed. Think of the value of it then?!
Lol Russia is a tiny part of the overall trade for China and India. They've dropped Russia each and every single time when the West actually put their foot down in an us or Russia situation.
@@TheShadowOfZama You refer to times passed and gone for ever. It is very different now when the West is de-industrilized, militarily defeated, socially disintigrated and financially bankrupt.
What does the West have to offer China? Russia is obviously the world leader in weapons technologies and they have an abundance of cheap natural resources.
The West only has brand names that are increasingly despised all across the world, because of their war crimes, genocides, censorship, disgusting woke popular culture and general total failure in every aspect of their own societies. iPhone isn't even on the top 5 list of most sold smart phones in China. What is made in the West that the Asians aren't making better themselves?
Russia's effective population increased +7 million since 2022. 2.5m Luhansk Peoples Republic, 1.5m Donetsk Peoples Republic, 3.5m Ukrainian refugees (more than anyother single country). Russia 4th largest economy in the world ~ IMF. Additional accessable resources $12 trillion (after the war ends) .
LOL
🐑🇷🇺 At least TRY to be more unbelievable.
How many of those people need government help to survive? Because there aren't a lot of young, able working age men in the seperatist republics of Luhansk and Donetsk left anymore, because they had full mobilization going on.
PPP does not count. Your real economy is the size of Italy, but with more people, and no quality brands.
Absolutely an NO ONE cares