Russia is winning the economic war - and Putin is no closer to withdrawing troops

Discussion in 'Latest US & World News' started by Bill Carson, Jun 3, 2022.

  1. Bill Carson

    Bill Carson Well-Known Member

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  2. Durandal

    Durandal Well-Known Member Donor

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    An opinion piece with a provocative headline :lol:

    [​IMG]
     
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  3. zoom_copter66

    zoom_copter66 Well-Known Member

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    Yup....more Mafiosi propaganda....that's why there's mutiny in the DNR/LNR ranks.....Mafiosi troops refusing to fight in Ukraine....and Shoigu and Kadyrov meeting how to discuss Chechen Tik Tok soldiers firing on Buryat conscripts for not advancing quickly enough?:D

    https://twitter.com/ChristopherJM/status/1532266831393828864?s=20&t=zRoamYBNqYTmfbQDibmDbq
     
    Last edited: Jun 3, 2022
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  4. Thedimon

    Thedimon Well-Known Member

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    Our friend Billy did it again.
    7361BC8C-C6B8-4354-BF77-5E4CE5C3809A.gif
     
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  5. dairyair

    dairyair Well-Known Member

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    Here are five ways U.S. sanctions are hurting Russia.
    Russia’s GDP is shrinking

    Russian gross domestic product (GDP) could shrink by as much as 7 percent on the year and 35 percent on the quarter, according to economists at J.P. Morgan. They say inflation could reach 14 percent in Russia by year’s end.
    ...
    Sanctions have caused havoc in Russia’s financial sector

    Russia’s central bank has struggled to stabilize the value of the ruble and prevent a steep rise in interest rates without access to roughly half of its foreign reserves.
    ...
    Russian industries and trade have been shaken

    Russia has been slowly integrating into globalized supply chains since the 1990s in industries such technology and aviation. Not having access to parts made, designed or controlled through intellectual property laws in the U.S. and elsewhere are now causing disturbances.
    ...
    The sanctions are having a cultural impact

    For many Russians, the current crisis brings back memories of the 1990s, during which the country faced a prolonged depression as its economy was restructured following the collapse of the Soviet Union.
    ...
    The sanctions have led to an exodus by Western businesses

    A mass departure of multinational businesses from Russia has also evoked memories of Soviet-era limits on the country’s economy. Dozens of corporations have announced plans to end operations in Russia, citing both the moral implications of operating under Putin’s regime and the risks of running afoul of sanctions.
    https://thehill.com/policy/finance/599297-five-ways-us-sanctions-are-hurting-russia/

    IMO, sanctions are working.
     
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  6. Bill Carson

    Bill Carson Well-Known Member

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    :roflol: I just got back from there 2 weeks ago. I've seen the truth on the ground. The West is losing the economic war and it's not even close. The ruble is the highest it has been in years against the dollar and euro. Thanks for the fake news. :thumbsup:
     
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  7. dairyair

    dairyair Well-Known Member

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    Sure mac, sure.
    :roflol:
     
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  8. Thedimon

    Thedimon Well-Known Member

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    Why did car sales drop by more than 80% in Russia? Why did that plant that makes railroad cars stop production?
     
  9. cd8ed

    cd8ed Well-Known Member Past Donor

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    How many cars are the producing per week?
    Why is India buying Russian oil and steel at up to 40% discount?
    What percent has their interest rate increased to?
    Why is the Russian Central Bank predicting a major recession?

    Since you are so familiar with the inner workings of Russia why don’t you educate us?
     
  10. Bill Carson

    Bill Carson Well-Known Member

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    Catch up, your fake news is out of date.
     
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  11. cd8ed

    cd8ed Well-Known Member Past Donor

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    How can a question be out of date?

    Guess the answer damages your narrative
     
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  12. Nonnie

    Nonnie Well-Known Member Past Donor

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    The article is 99% opinion piece by a reporter, need links to economic figures etc.. but from official sites, not the media
     
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  13. Eleuthera

    Eleuthera Well-Known Member Donor

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    Putin shows more leadership and love of country in 1 day than Sleepy Joe has shown in 40+ years in The Swamp...
     
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  14. Jeannette

    Jeannette Well-Known Member Past Donor

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    One has to wonder if the sanctions which are destroying the EU were not meant to destroy the EU and the West in general as part of the 'Great Reset'. They certainly are not affecting Russia. Economists are just starting to realize how strong and resilient Russia's economy is, but I think it goes beyond that.

    Seems most nations in the world were bullied into submission by Washington, and are now realizing they have nothing to fear and can start thinking of their own interests. This of course means more trade with Russia since Russia has the competitive edge on just about everything.
     
    Last edited: Jun 7, 2022
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  15. Jeannette

    Jeannette Well-Known Member Past Donor

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    Bill, there's another thing. When most nations were trying to increase their economies, Vladimir Putin in contrast, tried to secure Russia from whatever the West could throw at it - and it's paying off.

    A correction of my former post.

    "..One has to wonder if the sanctions which are destroying the EU were meant to destroy the EU and the West in general as part of the 'Great Reset'. They certainly are not affecting Russia..."

     
    Last edited: Jun 7, 2022
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  16. Jeannette

    Jeannette Well-Known Member Past Donor

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    You should ask: "How many tanks and missiles is Russia producing a week?"

    First of all Vladimir Putin rewards friendly nations by selling Russia's products at a lower price. Also India is smart. Now they're selling some of the oil to the US and making a killing. (But don't tell anyone).

    The biggest problem Russia has is to keep the ruble from going up too much in value, because then they will lose their competitive edge. It's what nations do to keep their economy going - and it's why Vladimir Putin is able to give everyone a 10% raise, while our own cost of living keeps going higher.
     
    Last edited: Jun 7, 2022
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  17. Jack Hays

    Jack Hays Well-Known Member Donor

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    Nonsense.
    How is Russia's economy today?

    Experts say Russia's economy is "imploding" as exports to the sanctioned country fall. Exports from 20 countries to Russia were down -50% from the same time a year prior. "We forecast a GDP collapse of -30% by end-2022," a chief economist at IIF wrote.May 23, 2022

    Russian Economy 'Imploding' Under Pressure of Ukraine War Sanctions
     
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  18. Bill Carson

    Bill Carson Well-Known Member

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    Yeah, those 'exports' are called imports into Russia. Russia is a net exporter.....and anything they need can come from non-western sources.

    At best your article is projection. The EU is screwed.
     
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  19. Jack Hays

    Jack Hays Well-Known Member Donor

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    The EU will be fine. Russia is circling the drain.
     
  20. Thedimon

    Thedimon Well-Known Member

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    Russia is the net exporter of raw materials. They can’t even make ball bearings. :lol:
     
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  21. Get A Job

    Get A Job Newly Registered

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    May 11th ... The Russian ruble is the world's top performing currency in 2022, as it's up 11% against the dollar.
     
  22. LangleyMan

    LangleyMan Well-Known Member

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    Spare us your pro-Putin propaganda.
     
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  23. cristiansoldier

    cristiansoldier Well-Known Member

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    Why are so many pro-Russia advocates continuing to use the value of the ruble as an indicator for the strength of the economy? It is fairly easy to artificially manipulate currency with government policies. Why not consider conventional measures like GDP? Even the Russian Ministry of Economic Development forecast an expected GDP drop of 7.8% for 2022. To be honest that seems to be a conservative estimate. Many economist have forecast 8 - 12% drops or more. Unemployment and inflation is on the rise, yet because you see the ruble holding steady or rising you assume the economy is in good shape. Think about it, the entire Russian economy is conservatively estimated to SHRINK by 8% at the same time inflation could surge to 17.5%. How can you be celebrating that type of economy?

    https://www.business-standard.com/a...nt said that it expected,year on year in 2022.
     
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  24. LangleyMan

    LangleyMan Well-Known Member

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    You're putting lipstick on a pig. The ruble has retained its value because imports are wayyyy down.

    "Western sanctions and the exit of international businesses over the war in Ukraine have caused a fall in Russia’s imports to levels not seen since the early 2000s.

    Russia imported between $5 billion and $10 billion worth of goods last month, according to Bank Otkritie’s research data cited Wednesday by The Moscow Times’ Russian service.

    […]

    Pre-war figures for the volume of Russian imports show that the country imported $27.5 billion worth of goods in February.

    In the absence of Russian figures, the most reliable way of estimating the dynamics of Russian imports is the export figures for the country's major trading partners.

    Export data from 20 of Russia’s largest trading partners showed a 50% drop in imports to Russia in April compared to the same month a year ago, according to Robin Brooks, chief economist at the Institute of International Finance trade group."

    https://www.themoscowtimes.com/2022/05/25/russias-imports-fall-to-two-decade-low-a77794
     
  25. LangleyMan

    LangleyMan Well-Known Member

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    More Russian propaganda.
     
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