Hearted Youtube comments on Econ Lessons (@EconLessons) channel.

  1. Nobody knows what Trump will do, even Trump. All I can say is that Europe needs to step up because Trump will step back. He won't completely disengage with Ukraine. He hedges everything. I have faith Ukraine and Ukrainians. Russia cannot occupy Ukraine. Not now. Probably not ever.
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  2. I worked in factories for 19 years. Not good. Then, I went to university to follow my passion. Best thing I ever did.
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  3. Just got even worse: 104.901 RUB Rubble's on fire!
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  4. I was born in Romania. When I was little, I played ruble, a game made of matchbox pieces. I think that today matchboxes are much more valuable than rubles. Sanctions will leave Russia breathless, and then the flame of revolution will ignite .It's not much longer, the first signs have already appeared. Slava Ukraini!! Free Russia!!
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  5. Its so frustrating to hear media personalities say Russias economy is growing. It's smoke and mirrors. It would be like me, the head of my house, losing my job, and having no more outside income. Then, taking all my life savings and spending it all on a lot of guns and ammo. To people around me it appears that I've got more money than ever, but I'm living on borrowed time! It's unsustainable.
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  6. Made in Russia: timber, coal, gas, oil. But then, they're not made but collected from the ground.
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  7. I guess Putin got what he wanted, a return to the Soviet system, but it appears he forgot that the Soviet system went bankrupt.
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  8. Russian ruble is heading towards the same junk status as Confederate money in 1865
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  9. Never a Tesla, never Crypto, and never bow to IQ 47. Thanks Mark!
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  10. As a Swedish economist who have been interested in the Russian economy for the past 12-15 years, I couldn't agree more. The miracle behind the Russian economy surviving sanctions is that they write on a piece of paper that they are producing a bunch of stuff for their military and then they put a price on these war materials, that they are probably not even making and that no one in a free market would be willing to pay anyway, multiply the two and claim that their economy is growing. Also private consumption is ''holding up well' despite the uncertainty and the 16% interest.. hmhmhm. And then a few western institutions repeat these figures because they have no other figures to go on and the Russian propaganda uses that as evidence that their economy is doing well.
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  11. I am 50 years old. I was born in the times when soviet army was still stationing in Poland. I am a witness of how Poland changed in last 30 years. People would never believe if they could not witness such improvement. We do not want to attack anyone, we dont want to invade, conquer and kill. We want to do our job and leave in peace. We deserve it after hundreds of years under oppression.
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  12. Crimea is Ukraine 🇺🇦 Luhansk is Ukraine 🇺🇦 Donetsk is Ukraine 🇺🇦 Zaporizhzhia is Ukraine 🇺🇦 Kherson is Ukraine 🇺🇦 These oblasts have NEVER belonged to russia. 1991 borders MUST be returned. International Law is the LAW. russia signed the following treaties confirming and promising to protect the internationally recognised borders of Ukraine: 1991 - Border treaty following Soviet Union collapse. 1994 - Budapest Memorandum. 1997 - Russian Ukrainian Friendship Treaty. 2003 - Agreement of the Azov Sea and the Kerch Strait (signed by Putin) 2003/2004 - Russia Ukrainian State border treaty (Signed by Putin) russia broke International Law. Trump will sell his own family for profit, fame or applause. Narcissist and fascist to the core.
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  13. They collect taxes too. However I am with you that they are in much worse shape than they claim. Cooking the books is a given.
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  14. I am pretty conservative myself, and i must say, people like Donald Trump shocks me, i simply do not understand how people can support Russia and Putin, it is disturbing, how is it possible to be part of the western civilization and support the cruel and corrupt regime in Kreml?
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  15. Do NOT just sit doing nothing, but instead actively support Ukraine. It is fighting the bad bloody actor in YOUR system too. If Ukraine succeeds - everyone (good) wins.
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  16. As a psychologist I think you are spot on. His moral judgement is very similar to psychopaths.
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  17. The average Russian neighborhood looks like a 3rd world country. Tucker Carlson's visit was a Putin con. Carlson gobbled it right down LOL.
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  18. I had a feeling Russia is why crypto is so high right now. It’s a great way to launder money. Governments can’t stop it easily.
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  19. Most countries that were part of the Warsaw pact have surpassed Russias GDP pe capita, and they did that with less people, less land mass, less resources, and no nukes. It's all about cooperation, being part of the EU.
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  20. Poland can be really proud of what they have achieved after entering EU👍🏻
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  21. As a Russian citizen who follows the economic situation in the country, I can briefly explain what happens with those GDP numbers. The stats are most likely pretty accurate, but the GDP in this case doesn't reflect the actual economic situation for most people. Before the war, Russia had a large financial reserve called the National Welfare Fund. This fund was created a long time ago to serve as a buffer during times of crisis. At the start of the war, it had more than $100 billion. To sustain the war efforts, the Russian government drastically increased its spending on the war (this year, it accounts for around 40% of the yearly budget). To maintain such high war spending while keeping other sectors like education and social programs somewhat afloat, the Russian government has had to spend a significant portion of the National Welfare Fund reserves. At this point, the liquid part of the fund is already half gone. Essentially, what has been happening over the last couple of years is a massive flow of government money into the military sector. This is reflected in the GDP figures, as the military sector (often referred to as 'other metal products' in economic reports) is the only sector experiencing growth. In contrast, private sectors are either stagnating or in decline. It's important to note that the growth from the military industry is not equivalent to growth in other sectors. This is because once tanks, shells, and other military equipment are produced and used in the war in Ukraine, they are essentially lost, without generating the same 'multiplication' effect as goods and services produced in non-military sectors. In summary, the GDP growth numbers in Russia have very little connection to the actual living standards of the population. They mainly reflect the enormous government spending in recent years on the war, which is not sustainable beyond 1-2 more years. TLDR: Imagine your government had a pile of money and spent it on producing billions of tennis balls and burying them in the ground. It would show in the yearly GDP numbers, but it would not affect your economic situation whatsoever. That's what is happening in Russia at the moment.
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  22. Living in Russia is suffering.
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  23. First time I've seen an economy soar with an 18% interest rate.
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  24. I was baffled as to why Turkey want to join BRICS per the news... But then I realized they have 50% inflation, so I guess they fit right in
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  25. Mark, lived in India for five years, they're very racists and slavery is the norm in the caste system-it's alive and thriving
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  26. The way that homelessness works in Russia is very simple in Saint Petersburg in Moscow there’s absolutely no homeless because the police take you to the edge of the city and drop you off.
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  27. In soviet Russia, bank robs you
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  28. I am human who was born in SovietUnion. And i remember that all religion was removed/destroyed and replaced with KGB imposters. Thank you for you videos. Hello from Ukraine !
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  29. India has allied with Russia for a long time. Their military uses Russian kit. They are not neutral.
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  30. Russians is only champions in suffering
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  31. Fun Fact: Some CSTO countries immediately stopped trading in rubles because they knew every Russian and Russian bank would buy out their stock of foreign currency and leave them with mountains of worthless currency. I would imagine many countries and institutions will follow suit (China and India already refuse to use rubles for exchange with Russia).
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  32. Yes...in Israel we have A LOT of Russians and they all say the same thing: " one hour's drive out of Moscow and you're back in the 19th century".....
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  33. It's official, the russian ruble is rubble 🤪
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  34. Yeeeee Mark and my morning coffee! Enjoy your analysis dude keep it coming
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  35. You're a very smart man. It is collapsing, because no country in the world is willing to use the Ruble any longer. This means that Russia can only buy what they need with their gold or resources. The only reason that prices are affordable, is Putin's forced price controls.
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  36. Thank you, Mark. It's good that you remind us not to fall into the trap of a seemingly "simple" solution. The time has come for us as an international democratic community to finally draw our own "red lines".
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  37. I am from Lithuania and I used to really feel pitty for the Russia before 2022 due to the gigantic loss of opportunity. What we, Lithuanians, achieved throughout 33+ years of independence is massive, insane. And yet, we don’t have such abundance of resources like Russia has around the surface, in depths of the soil, sea (Dutch disease, sure, is the reason). But, anyways… I really hope that one day Russia (🤍💙🤍) will eventually succeed and will be part of the world which Italy, Germany, and Japan joined after the capitulation. I pray everyday for the better world ✝️🙏☦️
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  38. But but but Putler said clearly the sanctions are only helping Russian economy 😂
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  39. Well, just what I thought over the last months, when guys told me Russia is so rich it must win the war - and I remembered, what everyone told me in 1990. What I now expect is history repeating, like after the Crimean war before 1856: Russia is bancrupt and gives Land for money. This time it is not Alaska given to the USA anymore, this time, it is far East around Vladivostok in Siberia given to China for money. That is what I really expect in the coming years. Greetings from Germany :hand-pink-waving:
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  40. Slowly your predictions turn out to be reality…
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  41. I happened to be in Germany near the fall of East Germany in 1990. My uncle is an avid hunter and we went to an area that housed a Russian army base near the border. When the wall fell, the soldiers were simply abandoned - the entire system collapsed and they had no chain of command or logistics to get back to Russia. Once I saw the base and the facilities occupied by about 100 troops I realized that we should have never feared them. The fact that the Russians citizens have been treated like garbage by their government for centuries, they are used to suffering and struggling through life.
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  42. I'm willing to pay 10% not to finance a bad actor too.
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  43. I love Poland and the Polish people. I’m so happy they get to enjoy the fruits of their labor. They have a great government with low rate of corruption. Russia was cheated out of their chance for freedom,wealth and a good standard of living by corrupt politicians and oligarchs who looted their country while the people were left to fend for themselves and they did okish until this war and now I fear it’s back to oppression and poverty for them except the ruling elites.
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  44. When the CCP shut down the Hong Kong financial system, I told my wife that I was no longer afraid of China.
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  45. You manage to communicate really interesting information using your own unique style. Keep up the great work Mark!
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  46. I watched an old documentary about the Soviet Union from the 1980s, is exactly, things will only get better, and the future is bright for the USSR, I thought thinking in 6 years the Soviet Union wouldn't even around anymore, it had become history. Watching this propaganda documentary on YouTube shows how the Russian government lies. I think this subject should be taught I US schools, how to identify propaganda.
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  47. Funny how those promoting Russia keep their money in USD (or other western currency) and not in roubles.
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  48. Love it that you say the ruble belongs on a pink sheet. So true. It is a cheap penny stock that will be bankrupt.
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  49. I find your comparison of the russian ruble and the confederate dollar to parallel historical events very interesting. Thank you.
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  50. Keep up the great work my friend and fighting the good fight 💙💛🤘
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