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J Arcadipane
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Comments by "J Arcadipane" (@jarcadipane2849) on "Russian Ruble is Not Money" video.
@levthelion Besides the facts that Russia's economy has only grown since the US has sanctioned them. They are NOW the fifth largest economy. Not only that, they are still selling goods and probably services. They have PLENTY of gold, silver and uranium as well as oil .. This guy Mark is spewing emotion and data ( useless information from many years ago ) ...
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I don't think this guy is an expert on potatoes.
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It's becoming the same even here in the US. We are still incurring inflation. We have yet to experience disinflation especially in the core goods and services category..
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This is very true currently.. There will be a time, considering the predicament that other countries are in because of overwhelming debt, that the value of the Ruble will increase, sorry to say.
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By the way, who NOW has the fifth largest economy ???
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The Ruble is just as much a currency as any other currency from any other country is ..
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@melolonthamelolontha9099 It seems as if there are a few large Countries / economies who like to buy oil for a good price. ( just in case, India, China and the US currently )
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You know why you cannot use the Ruble and exchange it now. There is a, "geo-political conflict", as you have called it.. However, the debt/GDP of Russia is not quite the same as the US, is it ..
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@thejollygreendragon8394 India and China are still buying oil from Russia and will likely continue to do so...
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Who is selling MORE oil now than ever before?
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You are spewing pure propaganda, and not truth or fact ...
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I am wondering what your thoughts are on a country that uses a currency which has been the reserve for the world and is rapidly losing its appeal due to the countries poor governance as well it's debt/ GDP ratio. By the way, that is > 130%.Just in case, the amount of debt is @ $35T and the debt payments are about $1T every 100 days. Now you're speaking of the Ruble ?.. Are you sure you are a monetary economist ...
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@dancoy09 it may have in the past, not since Gavin began muddling it up in the past few years. Especially since neither Joe nor the Bama are holding him accountable. Russia-> no debt. California-> debt up to its ARSE!
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Sir, as an "economist", you should be the first to know that currency is NOT money ... Money is only that which has value. Currency has no value. Currency is based on faith . You should know this...
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No currency is money.
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@matthewthurn Considering the debt that many countries have, some currencies are not even as valuable as toilet paper..
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@donaldkasper8346 Gold and silver actually have real value, which most if not ALL currencies do not..
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@donaldkasper8346 some semiconductor industrial use ?
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