Comments by "Paul Aiello" (@paul1979uk2000) on "How Falling Oil Prices Could Bring Down Putin" video.

  1. That doesn't surprise me, I mean, if you cut out the modern world like the EU, US, Japan and so on, the rest of the world doesn't really produce much, apart from natural resources, and even then they tend to need western help to take advantage of it. An EU or US citizen, it's very rare to buy a product from the likes of Russia, Africa and many other places, and even China, if you look at it, they are mostly used for cheap labour, not so much because they invent much, even thought that's slowly changing now, but honestly, without the west, the world would be far less advanced, especially without the EU and US and it's why the west is so successful.
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  2. What we should remember is that sanctions are usually slow burners, it takes years, if not more for it to do real damage, and the truth is, the sanctions have not been in place long enough to see the real impact. But sanctions are working, it's just a slow process, we should also remember that a lot of countries are ramping up renewable energy investments, that's likely going to keep pressure on fossil fuels, by pushing them lower or by pushing those countries to produce less, either way, it's impacting them in a negative way. There is also the cost of the war in Ukraine for Russia, that isn't doing its economy any favours by being bogged down in Ukraine, and the longer it drags on, the more of a drag it will be on Russia. The rest is just a matter of time, of slow decline for Russia, whiles also putting China in a better position to be the puppet master of Russia, a position I doubt the Russian government or people want, but with Russia being more isolated around the world, others like China and India will take advantage of Russia, something they are already doing with cheap oil and gas that are below market rates. Things could get a lot worse for Russia and other controlling countries with the A.I. revolution that's on its way, the countries that are more open and that take advantage of it, are going to have a massive economic advantage over the ones that don't or the ones that want to control the narrative of information the people get, basically, A.I. once it gets good enough could become a massive threat to the leadership of countries like Russia and China by informing the public a lot more about the facts and reality of how things are and not the narrative the governments wants them to think, hence why their own A.I. services are going to be very restrictive in what they can and can't do because they don't want to empower the public as that could be a threat to the state, and by restricting it, it reduces the usefulness of it and the impact on the economy is likely to be less for it. To put it another way, in countries and regions that are more open and democratic, like the EU, US and many others, the gap in economics could get bigger once A.I. really filters through the economy.
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