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

  1. In February 2022, Russia did have some reserves in gold. I do believe that gold is an asset that possibly could be used. However, the first question is how much gold does Russia have possession of today. Gold sitting in New York, London or even Switzerland might not be usable during the war in Ukraine. Second, we are 2 years removed from the start of the war, so how much gold does Russia have today? We don't know, and we can't trust Russia to tell us. We do know that the Russian Central Bank has admitted selling their reserves, probably to support the value of the ruble, which I suspect has far less value on the street than it does at the government exchange rate for the dollar. And who buys anything from Russia, paying in rubles? Perhaps North Korea. Does Iran even buy Russian stuff? My guess is that they would almost be on a barter system, selling drones for fighters, or air defense systems. If Biden would just allow Ukraine to take the gloves off and hit Moscow, this war could end quickly, which should be our goal.
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  2. Not sure I agree. If Trump (or any president) is thinking like a dictator, economics and logic aren't top of mind...staying in power is.
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  3. Putin's embrace of religion is completely cynical.
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  4. 18% interest doesn’t sound to good in Russia
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  5. Teriffic history lesson, I needed to hear that. Thanks Mark.
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  6. Liberate Kursk. Citizens of Kursk want the International Community to recognize their independence.
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  7. From Estonia here - Thank you for mentioning us, and yes, we must be more vigilant than ever.
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  8. Atheist here, fully support the message, donated
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  9. The scary thing is he is one of many …
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  10. Mark is absolutely impressive in his explanations and has the most funnies performance every day! Jumping like a rabbit with the carrot, in a shirt in winter time. Incredible!
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  11. If ALL European countries including UK stopped buying US weapons and technology what would happen... ???
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  12. Don't let it get you down Mark. There is a long road ahead but good will triumph over a bad.
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  13. Lend Lease gave over 7,000 Tanks!!! Equivalent to the number of tanks they needed in the Battle of Kursk!!!
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  14. Morality is the bottom line. We need to be walking in righteousness- right acting, while both neutrality and blind loyalty, whatever the motivation, set doing the 'good'- moral and right action aside. Very sad. Thank you, Mark for your expertise and bravery. Blessings, Jack
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  15. Rubles are worth as much as toilet paper. It's still worth something, I guess.🤠
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  16. I have been saying this for years! They make no decent autos, nor motorcycles nor anything of quality. And now it’s worse. Spread the word!
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  17. The real 🇷🇺Russia without the smoke & mirrors.👍
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  18. Thank you, Mark. Slava Ukraini 🇺🇦💙💛
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  19. Good Morning. Thanks for an economic insight to this situation.
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  20. Dang i cant even imagine 18% rates reminds me of the early 1980s
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  21. Good point mark, thank you. Russia illegally occupied a big chunk of Ukraine. For serious talks you need at least some form of symmetry meaning indeed that Russia should withdraw from Ukraine before any negotiations. Starting talks from the current frontline means to irresponsibly reward aggression which the civilized world will come to deeply regret later.
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  22. Mark, you are an optimist that's for sure. In spite of what you say, I cannot see that if Trump wins there will be any joy, except for billionaires and dictators.
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  23. Great reporting, as always - love it. What needs to be added, the old, retired people in ruSSia have barely enough to leave, if at all and the little they have, is being "eaten" away from the inflation on top. But as we all know, the criminals in that government couldn't care less about their people so I doubt that this all really concerns them as they are braindead.
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  24. Keep up the good fight. As an American I will never abandon Ukraine, even if America abandons me.
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  25. Free Kursk
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  26. If people can’t rely on you, they will find a way to do without you. Good bye American influence. As an American, I have to say we deserve it.
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  27. Excellent analysis, and... shocker, the results table you're showing matches what is happening in Ukraine.
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  28. For my generation it was the scene in Das Boot " Plenty of torpedoes on board at twenty-five thousands marks apiece, but no lousy wire. All we need is five marks worth of lousy old wire!"
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  29. Thanks Mark , Russia is a strange place.🇺🇦
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  30. “The only thing necessary for the triumph of evil is for good men to do nothing.”
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  31. Thank you Mark. 🇬🇧
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  32. Been waiting for this update, thank you Mark.
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  33. The British pound was called so, because at one time it represented a real pound of silver.
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  34. I have an India friend in the U.S who is a U.S. citizen, he is always routing for Russia. India is part if the BRICS + I am not surprised. Thanks Mark.
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  35. God bless Ukraine!
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  36. Pretty number - means they might have been manipulated. Thank you Mark!
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  37. Poutine looked deeply uncomfortable on state TV, having realized his territory has been deeply penetrated through the back door.
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  38. As Konstantin Samoylov said: Ukraine's victory will be determined not by what happens in the battlefield, but by developments inside Russia, such as political or economical convulsions.
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  39. 100% Ukraine. Love it.
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  40. I came into adulthood in a Michigan county that had 23% unemployment, mainly from the auto industry exodus. I couldn't afford college and it was scrapping, not horrible, but really fucking hard for a lot of folks. Everything infrastructure crumbled. It was not fun, but people do make the best of it some how and way. I see the way Putin and his allies are executing this war, the economic relations, and the infrastructure dirth of a war-aimed economy. It never works and expansion is kind of out of the question these days. Putin has been very stupid and uncunning since he crossed the Ukrainian border en mas in early 2022, and the Russian people are going to suffer for it. I hope they make the best of what's coming
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  41. It's true, KGB officers tend NOT to be religious! 🤣
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  42. Good job, Mark. Thanks for this.
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  43. I couldn't agree more. Thank you for articulating this Mark. Cheers from the Czech Republic.
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  44. It kills me when I hear people say the sanctions don't work. Yes they do but it takes time.
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  45. comment offering for the algorithm gods
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  46. When I visited Canada for the first time, I felt like I'd landed in a European country that had been misplaced to the wrong continent. Canada is so much closer mentally to Europe that it's painful to realise what their neighbour has become
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  47. Something like this already happened when soviet union pooped in the early 90s. History repeats.
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  48. I recommend Russian economist Igor Lipsits. He is so good that Putin regime honored him with "foreign agent" status
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  49. The Ruble haven't been exchanged on the open market for 3 years now? It has no value.
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  50. Had to laugh when you said collapse at .007, very apt, Mr. Bond
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