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Daniel Larson
Econ Lessons
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Comments by "Daniel Larson" (@daniellarson3068) on "The Fall of Russia - When Will Russia Collapse?" video.
He's right about the peak oil thing. Check out the Hubbert peak theory. It's a finite resource. There are two factors that have messed up estimates when we run out of oil (1) The word "known" There are fields yet to be discovered (2) Available extractive methods are subject to improvement. Oil is a finite resource and becomes increasingly expensive to extract. I liked his summary.
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1 Ruble is equivalent to .011 US dollar. It used to be better before this war. Russia has had to use gold for trading or the local currencies such as the Indian Rupee or Chinese Yuan. Nobody wants Rubles. You can withstand sanctions, but that doesn't mean you are thriving. Russia is in a war economy. It is said this cannot be sustained more than a couple years until their big stash runs out.
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@amraceway Apples and Oranges - The fact that Putin has stolen foreign companies is not sanctions. It is the reaction of a gangster dictator.
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Wow! He had the whole Gaia thing going there with the world genes. I like to think he's right. Just about the entire Western world is helping Ukraine win. If they can hold steadfast, Russia will get steadily weaker.
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