Comments by "William Masselink" (@williammasselink) on "Russian Economy - Parts Shortage" video.

  1. It took 4 years of British blockade in 1918 to collapse Germany economically while their troops were still on foreign soil.
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  2. Can you perhaps address the PPP myth where the IMF and World Bank rank Russia the #4 economy in the world with Putin bragging Russia has the #1 economy in Europe.
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  3.  @SuezWSuezW  A courageous people fighting for their freedom, sovereignty and independence. They deserve our support.
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  4. That's a rosey outlook. Bet Putin wishes it were so.
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  5. Phobia means fear. I don't think Mark fears Russia. Nor do I.
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  6. That's how I see it. Perceptive comment.
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  7.  @EconLessons  Great. I'll look it up. I didn't think I missed any of your videos. Thanks.
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  8.  @TheFrewah  Yup. But the critical stuff and finances are greatly affected by the sanctions.
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  9.  @SuezWSuezW  Nobody said that. Anyone who tries to predict the future usually ends up with egg on their face. What we can surmise is that Russia's current economic and financial situation is not sustainable in the long run. That there will be economic meltdown at some point does seem inevitable. The numbers do not favor Russia.
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  10.  @halojump123  Slava Ukraina. U.S. Navy veteran. Don't support the bad guys.v
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  11. A consummation devoutly to be desired, as my econ professor used to say.
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  12. Everything's the west's fault. So they say.
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  13. I don't believe food items are being sanctioned.
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  14. That's what I keep pointing out to the pro-Russian naysayers. It took a good 4 years of British blockade to collapse WW1 Germany economically. Their troops were still on foreign soil.
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  15.  @SuezWSuezW  All we can do.
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  16. Dictators can't admit to making mistakes. You're asking a leopard to change its spots.
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  17. Autocrats can't admit when their wrong or change their spots.
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  18.  @SomeCantHandleTruth  The good, the bad, or the ugly?
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  19.  @knopkaplay0507  I don't see that. His stuff is pretty straightforward, factual and accurate. See the animated sequences from 1968's "Charge of the Light Brigade" though.
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  20.  @knopkaplay0507  I believe the evidence is unmistakable that sanctions are working effectively against Russia. Their car production is down 50%, and without airbags or antilock brakes. Can't produce new tanks like the t-14 Armata. Inflation high at 8.5% food, or 7.6% overall, interest rates very high at 18% to combat the inflation, and Elvira of the central bank says she may have to raise them even more, 4.8 million labor shortage fueling the inflation, top-down government spending focusing on non-productive military assets, and running huge deficits in the process. Russia is spending over one third of its budget on defense now, or 8% of its GDP. All at the expense of its regular economy. Literally mortgaging Russia's future. Compare this with U.S. defense spending of 4% GDP or 12% of its budget, which is quite high. Or NATO members which we're trying to get them to the required 2% minimum. The strength of a nation's economy is reflected by the health of its currency. And the ruble is sick. Hardly more than a penny to the dollar despite artificial propping up by the central bank. Nobody wants it. Even India and "Friendship Without Limits" China refuse to deal in it. And with the new secondary sanctions, most Chinese banks won't deal with Russian businesses now. Payments to Russia in Yuan are taking months, and with an added 5% premium. The ruble was 26-1 when Putin took power in 1999. Many of these figures are from Russia itself. These are facts, not opinion. And Mark has largely gone into this before if you were paying any attention. The current situation of Russia's economy is simply unsustainable in the long term as Mark states. Incidentally, have you checked out 1968 charge of the light brigade animated sequences yet? Just under 10 minutes long. A real hoot.
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  21. They don't like gays either.
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