Comments by "Kim" (@KimTiger777) on "Russian Ruble is Not Money" video.

  1. What puzzles me about people like Putin is their lack of understanding how economy works, economy at the simplest level is easy to understand. Economy is exchange of goods and services, and for it to be in health condition the trade or exchange has to be equally beneficial, so in simple terms economy is a symbiotic relationship (producers and consumers). I know this is an oversimplification but still this explains why authoritarian countries are so bad at fostering a healthy economy. Putin just takes and takes and leaves little to nothing for the rest of his country. China also suffers from this kind of unhealthy economics but in this context of being only one sided trade by only producing goods but not really consuming goods produced from others (with the negative effects it has on countries trading with China being jobs are lost and over time even knowledge, making them even more dependent on China). This is why I like USA because a trade is symbiotic in terms of sharing the worker pool (jobs) and knowledge which gives both countries of creating more wealth (cooperating for shared benefit). I must say as an European I am very disappointed that EU hasn't taken a strong stance against China's predatory trading practice (especially Germany, do you want to destroy your own car manufacturing capabilities?). We should be standing strong with USA in an united front against this unfair, uneven trading practices by China. As fewer and fewer countries want to accept Rubles the less it is worth, and Putin will be forced to trade away Russia's gold reserves for goods meaning Russia is getting poorer on two fronts, and to burn a hole in Russia's wallet by waging a costly war on top of all that. When soldiers won't get paid then they will eventually revolt against Putin, so his only choice left are to massively print Rubles in order to pay all soldiers and officers but that will cause a dramatic increase in inflation. So basically Russian ruble is worthless. If I was living in Russia I would have done all I could to stay away from Ruble, and accepting USD, Euro, gold or even Bitcoin. The smarter ones have already left Russia because who in the right mind would want to experience a total economic crash?
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