Comments by "Marita Schweizer" (@maritaschweizer1117) on "Econ Lessons" channel.

  1. It is really refreshing to listen logical arguments. This is very rare in our time of doublespeach.
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  2. The Russian economy was driven by raw material exports and now it is driven ny governmet spendings as long as there are savings able to spend. When the national fund is empty, Russia is bancrupt.
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  3. Two years ago 70% of casualties were from artillery. IF the 85% drone casualties are correct it is a huge chane in warfare.
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  4. India never would agree a common currency with China.
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  5. Russias biggest poroblem is demographics. In the moment The ethnic Russians are the minority in the Federation it will be a different country.
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  6. I still talk with Russians near Krasnodar and cannot agree with your simple view about Russian society. Behind the curtain there is much more diversity than it seems. In the moment the Tzar will lose power you will see that Russia is not a uniform society, it will fall into many different countries.
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  7. ​ @Notrusbot yes, but Russia still has the same mindset. In the 18th century imperialism was normal but most countries have given up this ideology.
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  8. Only one wrong decision could cost freedom. In Germany we voted in 1933 the wrong candidate who promised work for everybody.....and he kept the promise. Everybody got a job in the army.
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  9. The more intelligent Russians know very well how bad "a Tsar" is. But nevertheless many are loyal to the government as some think it is patriotic. But I am not Russian, I just know Russians from Yakutia.
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  10. it is an oversimplification to say labour shortage is a function of salleries. This might work for low skilled jobs. But if you have not enough medical doctors you can pay as much as you want. The Universities willl not be able to deliver more doctors in the next 5 years. To increase the capacity of the universities is a long term project.
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  11. I totally agree. I had a similar experience in Lviv. I bought a Pizza and did not the price correctly and payed 10 times more and felt it was cheap and left. Then the seller sent his kid to find me and gave back the change.
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  12. That is not sure. Macron lost in the last election and is now weak, but Germany has election in January or February and the new chancelor Merz is much more against Putin than Scholz. In opposite to the USA the polls in Germany are aalways very accurate.
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  13. My daughter has Russian woman in her department. She is working very hard but at the same time she is distributing Russian propaganda.
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  14. ​ @DominicFlynn nothing will happen with Finland because Finnland does not buy Russian gas.
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  15. What are you talking about? I had to learn the 3.Reich history in School for 8 years. In such details nobody in America even can imagine. But the conclusion people take from history is very different. Many in Germany refuse everything that is conected to military and think it is better to surrender than fight again such a terrible war.
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  16. The Ruble to Yuan is almost idebmntical to the dollar exchange.
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  17. In my town I pay around 4 Euro per kg for potato and 6 Euro for chicken. The time when potatoes were cheap is over.
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  18. I also started working in a factory with 15 years old for 4 years, and I hated the job. I never want to go back.
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  19. The problem with game theory is that you need rational participants. I think Putin is a rational player but there is a small chance that the next leader is more irrational. Anyway, we in the West better do not care about nuklear threats, because the mutual deterance worke since 80 years. To be scared brings instability to the balance of power and increase the risk to lose everything. The only alternative is to surrender if we give up the mutual deterance.
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  20. There is no reason to be scared. USA has delivered 30% of the weapons used in Ukraine. At the beginning of the war this was essential. Meanwhile Europe produce more than 3 times more 155mm artillery shells than the USA and Ukraine also produce big quantities.
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  21. Same stories I heard from my father born in 1912. After ww1 it was even worse. But in the 18th century it was the opposite. That time towns stored grain for their citizens and on bad years people on countryside starved even more.
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  22. I am often in Krakov and its one of the most beautiful towns in Poland after Wrozlaw/Breslau. But to be fair there are also poorer regions. Of course not as poor as in Russia. Yakutia or Buratia are more comparible to Simbabwe. By the way potatoes increased about 300% in Russia the last two years.
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  23. The USA has certainly not more than half of the industrial power of China. Most GDP in the USA is based on consumption and financial markets.
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  24. Karl-Heinz Deschner wrote a book "Criminal history of Cristianity" this are almost 10000 pages and 100 000 sources of cruelties the catholic church is responsible. No evel is not exceptions in the church, is the rule. The basic of any religion is to strengthen bounds within the comunity and declare all others as bad.
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  25. Total bs. Only peope never worked in industry companies could come to such a weired idea. Even if it would work and USA would manufacture more it would reduce the living standard dramatically. Assume the USA put 100% tariffs on shoes. It means Niki can pay an US worker $ 2 instead of $ 1 per hour in Bangla Desh to have the same profit. How many worker you will find in the USA working for that money while Niki has to increase the price anyway.
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  26. The Ruble decline is certainly a strong indicator of the Russian economy, but since the teade volume is small we should not overestimate the figures. The tremendous inflation figures seems to me the better picture of the situation. Inflation rates cannot be manipulated that easy. I mean not the Rostat data but the price in the super market.
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  27. How do you come to the ridiculous idea that Ukrainian and Russian language is the same? I speak some Russian but do not understand any Ukrainian.
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  28. With the current president for sure not.
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  29. It is not difficult to be better than Zeihan.
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  30. You should not take every tweet from Trump serious. In two days he has forgotten what he posted.
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  31. Natural gas is not anymore profitaable for Russia. Gazprom has a deficit ot billions of dollars. Oil is the main income for Russia.
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  32. You don't need a license to grow anything, only to sell it.
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  33. Real economies have nothing to do with computer games. They are much more complex. Scaling up production is what China does well but it is a risky strategy. In the moment somebody find a better product all the investment to scale up production is lost.
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  34. The tariffs will lead to a recession and this brings oil price down.
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  35. The informations about the Rubl is very confusing and so I am really thankful to hear your exprtise that shows the trend.
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  36. Venezuela has much bigger oil resources than Russia and exploration is much cheaper than in permafrost regions.
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  37. @Ls151000 I know that for Ukrainians it is easy to understand Russian, but for a foreigner the laguage is very different. Actutually Ukrainian is much more related to Polish than to Russian.
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  38. Obviously you never was in Russia otherwise you would not talk such bs. The only field Russia is great is corruption.
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  39. Why do you care?
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  40. Rostat publised Gold reserves between 300 and 1700 tons. For a privat person it is a nice wealth but for a country it is nothing. It last to finance the war for 2 month. By the way in December Russia sold 100 tons.
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  41. @lightworker2956 how do you come to the weired idea that Russia is winning in Ukraine? The twice as big (in menpower ) USSR lost against the much smaller Afghanistan despite they had occupied the whole country. Germany finally lost ww2 despite it could occupy the whole Ukraine within 3 weeks and also the most populated part of Russia. Gaining a few villages does not say anything about the result of a war. Even if you look at PPP Russia is still tiny economy. There is no industrial basis beside mining, oil and weapon production. Russia spend already 35% of its budget for the military, while the USA has donated 0.01 % of its GDP to Ukraine. Alone for the Iraq war the USA spent 15 times more than for the war in Ukraine. There is no will to win otherwise it would be very easy to defeat Russia.
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  42. Only in summertime it is great. Now it is often rainig or snowing. I often travel to Ukraine and have a pause in Krakov a wonderful town.
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  43. Why should a lower Ruble collapse Russia. It simply increase the inflation. This hurts low income people but it increase the chance that more conscript to the army. Look at North Korea. Despite famen the state is stable.
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  44. Trump caused the bigest debt increase in history in his first term, I have no daubt he can beat his own record.
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  45. So finally Trump support Ukraine by sending the USA into recession and bring this way oil price down.
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  46. I admired your economic explanations, bit please stop telling ninsense about biochemistry and let this field the experts.
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  47. You missed one point. If Trump is elected, he will liften all sactions and give back Russia the frozen assets and he will force Europe to stop military aid for Ukraine, at least this is the plan of his vice president. You are totally right that Trump has not won the election and polls are notorious wrong.
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  48. I was missing an explanation why the Economist write bs? Usually the owner determine the content direction.
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  49. In our days only a smal part of the tranactions are done by cash. To have a significant effect the central bank must be hacked.
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  50. ​ @abodabalo economists predicted since a long time that Trump will dump the economy. Mark is right, tariffs are sanctions on the own country. In the long term it makes the country less competitive and poorer.
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  51. RUSSIA has guaranteed the Borders of Ukraine in the Budapest memorandum.
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  52. ​ @ColourRevolution666 no you are wrong. It is not Türkish. It is Geek. Before Turks showed up the Greeks were there.
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  53. It is difficult to say when Switzerland became a constitution. To some extend you can consider the Rütlischwur in the 14th century as a kind of contitution as it made the first 3 cantons independent from the Habsburg monarchy. Later more regions jound the confederation and since the Napoleonic wars Switzerland has the current size and about the same constitution even there are amendments from time to time.
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  54. Trump will destroy the base of capitalism in the USA, what parody. It happens often that the result is the opposit of what people originally wanted if they are low educated. But to be honest I also believed in this idea that tariffs could be beneficiary for a while and still think it is a tool but more as a sanction againt a specific country.
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  55. Not only in Australia. I know the expression also in Germany.
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  56. Most European constitutions forbit elections during a war.
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  57. ​ @tetyanakorogoda6146 the weather was a rediculous excuse.
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  58. Yes, but Pakistan also have a terrible wake currency.
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  59. ​​ @EconLessons this does not explain why you critizise the outlook of others. Or maybe you are American? That would explain a lot.
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  60. Because we know our history so well, we do not make the simple black and white conclusions. Look at the start of ww1 which caused later ww2. If you are fair and do not follow the usual narrative if the victorious part, than youcannot deceide what went wrong in 1914. Versille thal layed the ground for ww2. There are no easy lessons from history.
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  61. To hire foreign doctors is possible in some countries with similar legal system and language but even if it works than you have the shortage in the original country.
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  62. ​@Anton43218 you are talking about Russia, but in Western countries medical doctors earn a lot of money.
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  63. ​ @anonymouse527 this is the pronouncation but writing never changed.
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  64. In December the Russians did more than 2000 assaults, January it came down to 1400 and in February again much less per day so far. No Russia does not make progress. The tiny land gains are not worth to mention and are exageratet by media. In a war of attricion the losses are important than the change of land.
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  65. You really got the point. As long as the dollar is accepted as a world currency, America do not need to produce anything to stay rich. But Putin and his MAGA fans will change that advantage.
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  66. If Putin win the US election you will feel he was right.
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  67. Why do you look at odficial exchange figures? They tell you nothing about the real value. If you reaĺly want to change Rubel to dollar you must pay twice as much.
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  68. It is your problem if you interpret forcasts wrong. Forecasts about economics never happens fast. But once the ocean vessel is on the wrong direction it is hard to change.
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  69. ​ @omargarcia517 not all American countries are candidates for BRICS. Guyana has cracy high economic growth.
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  70. What is really good in bringing back low paid jobs? Right now it is alredy difficult to hire good staff. More factories would make the labour shortage worse and only accelerate inflation. It is good if faactories with low price goods go abroad this offers growing potential for higher paid jobs. Even China want to get rid low cost branches like textile to move the economy direction to an US economy.
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  71. ​@Stalofos labour shortage means high salleries. But it also means you cannot produce many things withon the USA. Ĺets say a factory worker in China earn $5 per hour and in the USA $50 per hour. Would the consumer really pay 10 times more for the same product in case it is work force intensive? No people would not acept such a hyperinflation and reduction of living standard.
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  72. ​ @сырпошехонский  no, Ukraine will see the same Wirtschaftswunder as Germany after ww2. China recently declared that it is interested to rebuild the country. With all the foreign money the economy will be more modern than before.
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  73. You are not right about Kursk. Russia is sending the refugees from Kursk to Cherson and Zhaporishia were they will grow even more grain.
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  74. Yes, before 1291 all land which is considered South Germany, Austria Switzerland and part of Italy belonged the Habsburg family. That time no nations existed only aristocratic land or land belonging the church or an abby. The farmer of the 3 canton Uri, Schwyz and Niedwalden defeated an army of the Habsburg king and became independent. This was the first time in Europe that a nation developed. Before people did not consider themthelves as as Poles, Germans or Italiens. They were only an asset of a certain ruler. The village I was born was sold by a Habsburg Earl to an Abby and later to the king of Wuertemberg.
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  75. To compare Japan and USA dmakes not much sense. As long as the rest of the world accept the $ a trade deficit favors USA
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  76. If Trump will lift the sanctions Europe has no chance. Western Europeans are too much afraid of Russian nukes and will just surrender. Maybe not Poland and Finnland but if Russian troops move through Hungria and Austria there will be no resistance
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  77. Yes, in this case it is good that Trump never read any document.
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  78. ​ @SuezWSuezW maybe you are weired?
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  79. Europe cannot allow Russia to win or Europe will get the war on own territory.
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  80. Your arguments with the apples from Vermont and oranges from Florida covers just trade within a country and this is valid for Russia as well. The question is, can isiolationism work with a bigger population like China? The USA is certainly too small and Trumps idea would destroy the economy.
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  81. Russian propaganda want to tell us that Russians that Russians will fight with water and bread, but reality shows that the government must increase the consript payments every week. I am often talking with Russians from the Krasnodar region and they think the war will end by an uprising in the Caucasus region and breaking apart of the federation. Nobody there want to live from bread and water. We do not live in 1940 anymore.
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  82. ​@Notrusbot it seems you stuck in the 1968 bubble. Neocolonialism is an invention of the Marxist Leninist groups to excuse the real Imperialism of the USSR.
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  83. You nailed the point. There is not more to say about BRICS.
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  84. Bernard, why do Americans believe the rich snake oil salesmen can fix the economy if he only increased the debt to an hustoric hight in his last term? Why are the poorest vote for Trump who only cares about the richest 10%? The other point, that he want to bring back partiarchic rules and "protect women if they want it or not" is attractive for men, but why are women accepting to be supressed and even sexually abused ? Abortion is a fundamental right for women and should not be dictated by men.
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  85. No, real estate does not belong the FED and cannot back the dollar. It is actually the military power that makes the dollar so save. USA was never invaded that's why it is still the same currency. When a country lose a war money become worthless.
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  86. Nothing will happen when the national fund is empty. RUSSIA print more money and it will take a while until the inflation accelerate even more.
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  87. The Russian Federation is a multiethic aglomeration that falls apart as soon as they have not enough money to corrupt the muslimic republics. In another generation muslims are the majority in the Federation than the current system must collapse.
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  88. ​@noname-ll2vk yes I agree, that the Nordic states really do a lot. This is really encouraging . If some bigger countries would donate the same GDP percentage the war would end soon.
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  89. ​@marcpritchard3307 the moonshine vodka can be dangerous, but thas mainly a problem on countryside in Russia. What you get in cities is usually OK. About tast you will hear 1000 different opinions.
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  90. ​ @louispaxeco6931 BRICS is a debate club and will be never more as the indivisual interests are to different.
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  91. Mark why do you promounce Elvira wrong, I think you speak Russian?
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  92. We are not even close to quantum computing and "post quantum computing" is just an illusion. Bitcoins are indeet ideal for all type of criminal businesses and thats the reason they will not disapear. No matter how much we fight against criminal activities they never disapear.
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  93. There is always to learn something new about economics. Unfortunately we had only one year economics in school.
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  94. Agree.
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  95. Nothing is correct what this guy say. I had the same impressian before 2014, but when I talk now with the same people from Crimea I must say that they are brainwashed and belive the Russian propaganda. It is also totally wrong that Crimea is a prosperous region. It alwaxs needed payments from Ukraine and now from Russia. There is no water and desertification is an issue.
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  96. Thats the point. USA is reach because it can make 35 trilion debt. Russia tried to get just a few billion loan from China this January but China refused.
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  97. StPier. Oh no. The Russian propaganda media got mad about the seizure. Just last week half a douzend dictators complained about the idea to seize the frozen assets. There is simply no alternative to Dollar and Euro. Remember how fast confiscated all assets of Western companies? The alternatives are all less safe.
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  98. ​@lovealien43 agree, we cannot accept disinformation from one side and do not retaliate the same way.
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  99. I disagree that a free market is the most important factor for Russians economy recovery. The destroyed trust is much more difficult to repair. The USSR always fullfilled its gas contracts with Europe. But when Putin stopped gas delivery, trust in Russia was destroyed and even China do not want to build power of siberia.
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  100. Every economist voted for Kamala despite the masochistic ones. Trumps econoic plans will destroy the US economy. All Nobel price laureates say the same but I think this os positive for the rest of the world.
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  101. This is just an accident. Sure the economoc prediction was well founded, but no economist can predict how fast the developement is. Same is with the US economy. Everybody can predict that Trumps plans will create a recession but we do not know how fast it happens.
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  102. Demand for unconditional surrender means war until the end like in ww2. Who want to fight that long? Nobody in the West is prepared to fight and Putin know this. Thats why the war started. We only must continue to increase sanctions until Russian economy collapse than negotiatins can work.
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  103. I know that the Russian economy is bat and goes worse. But most Russians speak with take it as a fate. They know very well, that the leading class always have enough money and normal people do not matter. Look to North Korea. The system is very stable.
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  104. Putin is the richest man on earth and can manilulate any election. So it is understandable why Trump is envy and want the same.
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  105.  @РафаэльСаркисянц-ъ2т  Russia must be liberatet from Nazis. I never was in a country with more Nazis than in Russia.
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  106. Are you masochist or why are you for Trump?
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  107. In many fomer USSR countries people own the appartments they live in. Thats why the calculation with rent is not the typical situation. People in Italy have more own real estate properties than in Germany that is why the living standard in Italy is higher than in Germany despite lower income. You cannot calculate the GDP of Russia just by the average income of the work force. A big part of the government budget still comes from raw material sales which do not need much work force. But the tendency is right because the income from raw material sales is shrinking in Russia. A simple picture helps to understand the economic problems, but we should not forget that the reality is not that simple.
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  108. ​@stephenthomas3085 we all now that the Russian war economy is not sustainable, but we cannot be sure how long Putin can kick the issue down the road. There are still possibilities to squize out money from the citizen, for excample seizing bank accounts above a certain limit.
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  109. @moritamikamikara3879 Russia is a fascist country. To ignore their problems with minorities is pure stupidity. Demographics means the extreem low birth rate in Russia. Why should all the Russian colonies stay under the the control of Moscow if the different ethnicities can become free? It seems to me you never lived in Russia and you have not understood how Mosowites have concoured Bashkiers, Dagestan Ingutetia and all the other republics of the Federation.
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  110. @peterwilliams2152 not only Peter Thad such an opinion. All aristocrats of that time considered the land they owned as their private property. Nations did not exist that time. Remember many Russian emperors were German aristocratocrates.
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  111. Have you red the latest ROSTAT figures about economical data? The military output is in minus. A strange turn in their lies.
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  112. Is there a difference between Swartz and Schwartz? First is American pronutiation, second is the German pronountiation of a German name. By the way the name originally means black or dark and described a person with black hair.
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  113. How does it come you have not a typical slavic name?
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  114. Yes, plus minus 100 years
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  115. There is no daubt that Trump would cause a recesion or even depression. GOLDMAN-Sachs has calculates a 8.5% reduction in GDP if Trump realize his ideas.
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  116. Please stay with economics, regarding biochemistry you are wrong. Animals including insects cannot produce Vitamine B12. Bacteria are the only species that can produce B12. The reason why other animals than humans contain B12 is because they eat more bacteria while we wash the food.
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  117. Weapons not anymore. Russia import weapons from Iran and orth Korea.
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  118. You will not sleep well if the Chineese economy is suffering. But if the tiny Russian economy colapse nobody cares. If you look into details and not just Russian propaganda figures the Russian economy is already death. Only their war economy covers the tragedy. The problem is they cannot stop war without immediate collapse.
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  119. ​@peterwilliams2152 this memorandum were signed byall 4 presidents. At the same time the Russians say that NATO has agreed to accept no East European countries even not a single president has ratified it. It was just a talking point od suboedinted negotiators.
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  120. Are you kidding? None of this companies invented a new product. Ford copied the invention of Mercedes. DISNEY produce a lot of bad illusions. I never bought an apple product and have no desire to change it.
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  121. I am very disapointed that you consider Peter Zeihan as a reliable source of information. He simply tells anything that his audience in the USA want to hear. Is short, America is great and the rest of the world is doomed. Regarding the economic models for a declining population, you can be sure they are wrong because labour become less a factor in production. Despite a declining population China has 20 to 25 % unemployed young men. Imaging the callenges if China would have an increasing population. Our current trabsition is bigger than the industrial revolution and an increasing population would make it worse. Zheihan's projection from the past to the future is extreemly naive and dangerous. Societies with shrinking polulations have a better chance to develope a modern economy with a focus to AI and away from traditional human work force for different reasons.
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  122. ​ @сырпошехонский no, Germany was not an industrial powerhouse after the war. It was destroyed totally and the remaining machines were transported to UK, France and Russia. I even remember how all the forest around our village were cut and transported to France. Poland was more corrupt and poorer than Ukraine but after EU membership the economy grow very fast even without much foreigh investments or the push from rebuilding towns. RHEINMETAL invest right now billions in Ukraine despite the war. They know very well that after the war Ukraine will export more weapons than Russia in the past.
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  123. Old allies are now enemies. Last week Trump said the EU was founded to hurt the USA. Have you ever heard a bad word about Russia?
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  124. The Chineese are occupying Russia, but not with soldiers, they simply buy the country
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  125. WW2 happened after that. The economy in Germany collapsed and Hitler was elected two yesrs later with the promise to create jobs.
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  126. What all the experts ignore is 1. The Russian ban on oil products which had a much bigger profit margin than crude oil. 2. All the revenue with India was made in Rupie which means the money is not available for Russia to buy anyrhing outside India.
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  127. Thas an interesting question about Lichtenstein. I think you can consider Lichtenstein as a leftover from the Holy Roman Empire, even the empire itself does not exist anymore. Many things are preserved in the Alps much longer as it always was difficult for external armies to conquer this region. Even sone Latin dialects are alive there.
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  128. I was aware that your ancestors came from Zürich because Zurcher is just the local dialect for somebody from Zürich. The duke of Lichtenstein was never an emperor. His family had a low nobility degree and was promoted to a duke quite late. Even when he vecame duke he never was alloed to elect the emperor. The fact that Lichtenstein was Reichsunmittelbar, which means a direct subordinate of the emperor was not unusual. This privilege had hundreds of towns and dukes and sometimes even earls.
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  129. ​@fredzurcher7118 yes, the Allemanic tribe was formed at the end of the Roman empire when the Germanic tribes started their relocation. People from Suebian, Cheruskian, and many other tribes took over the Roman province Rätia and Vindelikia and formed a new tribe called Alleman. After the defeat against the Fran konians the tribe splitted slowly into those living in Switzerland, the Alsac in France and those in Baden and those east of the Black Forest until the river Inn wwre called later Swabians.
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  130. Please do not mix up Swabians and Suebians. Swabians still exist while Suebian were an Germanic tribe Ceasar described in his de bello Gallico.
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  131. In a philosophical sense you are right and science is never absolutely right. But if gravity is in all our observations attractive, it makes it practical to say it is a fact. In economy things are often less sure, but nevertheless there are also some rules we better see as a fact.
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  132. ​ @HeadHunter-Six do you understand what logic means? To prove that not all Russians are the same one single individual that differs is enough.
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  133. Great contribution. I wonder that even aome economists follow the Russian propaganda that dwstroyinfmg refineries will increase the crude oil price. The opposite make sense.
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