Comments by "Trevor Crook" (@user-ft2bt9kw7x) on "Econ Lessons" channel.

  1. They don’t bend reality they create it .
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  2. Plenty of countries accepting the Ruble in trade . 75% of trade with China is yuan/ Ruble Russia lacks technology for the energy sector while it is the biggest exporter of nuclear technology in the world? 😊😊
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  3. The Ruble doesn’t need propping up . The Ruble yuan trade benefits both countries
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  4. Rubles work just fine in Russia just like the yen in Japan
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  5.  @veikovasko5603  Under Yeltsin not Putin
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  6.  @knightsnight5929 The “ developed “ world is bankrupt
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  7.  @ArnoSchlick The Ruble is doing fine and will get stronger in the new year. Russians get paid in Rubles and spend in Rubles The dollar Ruble ratio is irrelevant to them
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  8. @ inflation is worse in the west . Electricity under Biden 31% inflation . House prices 39% inflation . The Ruble is temporarily down as it always is this time of year because of the increased spending on imports . ( Xmas presents ) and oil price being effected by Gazprom being kicked off swift . Which lowers the strength of the Ruble . All temporary It doesn’t affect the average Russian they get paid in Rubles . Russia is not part of the western system now
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  9. When there is a demand for a commodity it always gets sold . If not there is a shortage which pushes the price up . Meaning more money for the seller ( Russia ) . If the west wants to create global shortages Russia is very happy about it
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  10.  @geoffreycodnett6570  Coal , timber , nuclear technology , wheat .fertiliser , uranium , metals, weapons etc etc. Best you get informed
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  11. Soon a BRICS currency backed by gold will make all this talk irrelevant. Ruble is stronger now than in 2022. Eventually the Ruble will be just be used locally in Russia . A new gold backed BRICS currency will be used for international trade . Say goodbye to the dollar Russians get paid in Rubles so a small drop in value compared to the dollar won’t affect them . They have just had a wage rise anyway Anything that affects energy supply will push the price of oil and gas . More money for Russia . Another backfire on the sanctions
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  12.  @ZiggyAndTheSpiderFromMars  Expert ?🤭🤭
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  13. Marks gone very quiet on the Ruble collapsing . Because it didn’t . And the Russian economy didn’t collapse . Another one of his predictions Many uninformed people say gas storage in Europe is over 80% . That is true but only because the EU is still buying Russian energy However the contracts run out in 2025. Then what ..?
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  14. @ But Russia didn’t invade until Nato was in Ukraine organising coups and brutalising the people in the Donbass You need to back to 2014 not 2022
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  15. Ukraine has no leverage at all . They have lost the war and the way Trump dismissed zelensky in Paris was a total humiliation
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  16. Let’s talk about Europes oil and gas shortages instead . Especially Germany . So Russia has a shortage of spare parts but somehow manages to produce the worlds most advanced weapons and nuclear technology
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  17. @ Currencies fluctuate all the time . And the Ruble is tied to BRICS countries . Russia is no longer connected to the western system in any meaningful way , if at all
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  18. He knows nothing about economics . He just makes nonsense predictions based on his hatred of Russia
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  19. @ But Zimbabwe doesn’t have the fourth biggest economy in the world , is not a commodities superpower, and has no global influence at all Inflation on electricity in America is 31%. Inflation is running amok in the west Give me the economic data on areas outside of Moscow and St Petersburg to prove your claim that poverty is rife in those places Otherwise you are just talking empty words
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  20. You never mention BRICS . That’s because with BRICS your entire narrative collapses on Russia . Yesterday you said that the Ruble at 96 to the dollar shows the Ruble and the Russian economy are set to collapse . Yet in 2022 the Ruble was 133 to the dollar and nothing happened Now let’s move on to something else
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  21. No . Russia wins either way . The US elections are nothing of consequence to Russia
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  22. @ Trade is a two way street. There are “ imports “ and “ exports “ . You are just mentioning one . 😂😂
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  23. @ How do you remove them ?
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  24. Now the international community will have to recognise the new borders
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  25.  @markdeckard7651  Except he is wrong on most things
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  26. @ He is obviously unemployed
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  27. American debt is 130% of its GDP household debt in America sits at 17.3 trillion dollars credit card debt at 1.3 trillion . American debt increases by a trillion dollars every 100 days . But America doesn’t have a debt crisis and Russia does Your narratives don’t add up
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  28. The Russian economy before Putin was in tatters . It’s GDP tiny to what it is now . 8 million excess deaths due to poverty and alcoholism A war in Chechnya the Russian military in ruins . Living standards third world . He deserves credit . And it is you who doesn’t know what went down
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  29.  @ronaldaddison2146  millions of homeless in the west . Every country in massive debt . And you chuckle at Russia lol
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  30.  @wisenber  like they did in Canada to the truckers ?
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  31. No it’s not . Pre war Germany had massive debt and hyperinflation
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  32. The Ruble has gone down as it does every year at this time . Because of Xmas spending which is usually imports this increases inflation which pushes down the Ruble . No big deal it will correct in the new year . The American dollar is stronger because Trump won the election . All other countries currencies weakened too not just the Ruble . With sanctions on Gazprom It has limited other countries ability to buy oil this effects the Ruble “ temporary “ . The Russians are no longer part of the dollar system didn’t you notice ..?
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  33. @ No they wouldn’t because they get paid in Rubles . That’s like saying the Japanese would swap the yen for the dollar If the dollar was involved in Russian system the sanctions would have destroyed the economy
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  34. @ The price of the Ruble is 94 . It is getting stronger . Where is the collapse Mark promised ?😂😂😂. Two weeks ago the Ruble was 114 The reasons the Ruble weakened were only temporary 😁
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  35. They are not they use Rubles . That’s what Russians get paid in
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  36. The Ruble has actually gained strength over the past few months . It is also still used for trade internationally
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  37. Hoping the Ruble will collapse based on a hatred of Russia is not being rational . Of course it will recover
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  38. If the Russians were in Mexico had trained the drug cartels into a formidable army then helped them fire missiles into America . Are you telling me the Americans would be calm about it ?. They would invade Mexico just like Russia has invaded Ukraine but more violently You talk nonsense
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  39.  @andrewbrock4636  Go back pre invasion to2014 . Then you will see the reason for Russias actions. Then learn of the situation in the Donbass after 2014
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  40. @ They launched attacks on Russian Ukrainians in the Donbass after 2014. That is one reason for Russias actions in 2022
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  41.  @andrewbrock4636  Learn about the Donbass situation
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  42. @ shelling it for 8 years
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  43. @ There was coup in 2014 then a civil war between Ukraine army and separatists . The separatists broke away from Ukraine and became Russian citizens . The Russian government was then asked to protect the Russians in the Donbass . Which they did according to article 51 of theUN charter . The article nato used to create Kosovo
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  44.  @andrewbrock4636  you do know many Ukrainians fought with the Nazis in WW2..? And you support them ? Shame on you
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  45. @ That’s because they are still buying Russian oil and gas. Sanctions loopholes everywhere . The contracts with Russia expire in 2025. Then what ?
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  46. @ where did Europe get all that gas and oil from ? It got it from Russia . Russia is still supplying energy to the EU until 2025
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  47. Russia is only spending 6% of its GDP on the war . Very Sustainable. Remember when they said the Ruble will be rubble the economy would crash Putin would be overthrown , Crimea would be taken back ? Nothing happened . And nothing will happen you desperate creature 😅😅
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  48.  @pgr3290 Russia is not dependant on the western banking system which is collapsing. Russia spends 6% of its gdp on the war . Nothing . Turkey just joined BRICS . Would it do that if it thought Russia was in trouble ?
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  49.  @pgr3290 Russia has many more commodities than oil and gas. Oil and gas will always be in demand . Especially if there are shortages caused by war in the Middle East . Russia can’t lose . Oil and gas price is low they sell more . Price is high bigger profit
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  50.  @mzsov  Russia is only spending 6% of its GDP on the war . 40% of its military budget . Very sustainable
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