Comments by "J Arcadipane" (@jarcadipane2849) on "How the Resource Curse Will End Russia Economically" video.

Well, our Country/ gov has hundreds of trillions of dollars in debt. The Gov of Russia is NOT in debt. Fair analysis??
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So, the paradox of plenty is more likely to cause the demise of Russia as opposed to a country of @ 350M people where you only have @ 100M people working and everyone including the government is in major debt ....? Sorry, this is ridiculous and based on nothing but folk lore..
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@gnice8765 Far from it. I suppose you might include other countries as well like Kuwait and Jordan as well!
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You're right, oil and gas does not create anything. OTHER countries like Germany, India, China and the US who have created the demand for gas and oil, however. All powerful cointries rely on plentiful and cheap energy. Sorry, I don't have any pig analogies nor metaphors. Only that Russia has something that many, many other countries want... You're theory is seriously flawed...
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We are creating an entire society of indentured servants.
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@Kansika As if AI is going to come up with the answer for powering up hundreds if not thousands of data centers around the world with solar, which by the way is more territorially destructive than fossil fuels and only @ 20% efficient, if that.. By the way, nicely said!
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@AnthonyJMendoza-f7i you may be right, but i find that the solar efficiency is no where near that of nuclear which is more cost efficient per kwh. solar causes much more destruction than does nuclear...
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This knowledge based economy is going to be driven fundamentally by resources...
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@pod11th31 what do you call the people/ Country who facilitate breaking the treaty stating that they'd neither include Ukraine in NATO nor place weapons in Ukraine.
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@iivarilappalainen9836 Did Ukraine give up its nuclear weapons, and for what reason?
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Maybe more a function of Communism as opposed to "resource reliance".
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@johnm7267 I think you might want to consider reading more into monetary policy and history ...
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@uhadonejob having the reserve currency also allows "us" or the Gov more room to screw around with large sums of money. The more loans and deals settled in USD, the better it is for the US, I think Ray Dalio has our number as he described in one of his books about all empires with reserve currencies, We too will go the way of all great empires before us, quite possibly before Russia at the rate at which we're borrowing now. Which is only set to accelerate if we continue to allow the same stupid people to make the same stupid decisions for us..
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Why do you think we have such entrepreneurial spirit? Low cost money and cheap, bountiful energy. What does or did the US do when we trying to starve a country. Limit their food and energy. You need to agree that we are selling our agricultural farms, no?
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How many companies like Solyndra have we funded only to go bust.?
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I don't see that myself, as actually, Russia has a pretty healthy defense and space program, Actually, we did rely on their space program for quite a few years, if I am not mistaken...
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Is the problem Russia is experiencing a problem as a result of having too many resources or from" forgoing" Capitalism??
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@xehpuk Because the Saudis didn't like "their" invasion of Afghanistan, and Soviet Union went bankrupt ?????
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Are you insinuating that Russia doesn't have any capital ?
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Yes, Japan's lacking in a workforce, diminishing future population, militarily diminished as well especially in comparison to China and Japan is in debt for many decades to come
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@drmodestoesq Liklihood of repaying 450T Yen ??
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@NomadJoe0323 China does not have the ability to feed their own population and relies heavily on other countries for energy.
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@EconLessons that is a very fair question. I personally buy gold and silver every month. I only buy US short-term debt because I understand our situation here better than I understand the situation in Russia. Besides, rates going up as opposed to the propaganda they put forth originally led me to try to get the best roi. That's not to say that I might not invest in Russian energy companies. You must admit, from a monetary economist's standpoint, and a 50,000 foot view, our situation here is bordering on dire. By the way, our interest rates are continuing to head higher. What does that tell you about the status of our economy ??
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You see how participating in the US means, methods, theory and overall BS has worked for Germany in the past 3½ years.
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By the way, well said!
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@EconLessons Because of militaristic, greedy dictators.
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@3s0t3r1c including Saudi Arabia?
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Just curious what they dig and sell regarding their weapons/ defense industry and their space industry ?
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@Kansika I guarantee, whatever bankrupt European countries do not buy, Indian and China will. By the way, one way or another, the US will buy whatever it needs/wants from whomever it wants regardless of what the US Gov tells the gen pop...
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@gabrielbalbec883 newer and more plentiful data centers are being created calling for more and more power. Solar being only 20% efficient and very mineral depleting inherently , is not going to be in the top five modes of power generation much less the primary mode. Besides power which will become a much more important function in society!
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@markoliimatainen2565 keep in mind the state of the Gov currently in Australia
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@user-zb2st6zi6j a very smart man, perhaps a physisist, once stated that matter is neither created nor destroyed, it only changes forms. I think they may have made that a law?
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@user-zb2st6zi6j solar is more expensive now in comparison to contemporary energy production methods, even though it's government subsidized, the end. If it were anything else that the Gov elites didn't have their sticky little fingers involved in, ala Pelosi et al, they'd have to wait to come to market with a product thar could compete $/kwh to $/kwh.
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@AnthonyJMendoza-f7i Not even close...
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