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David Himmelsbach
Econ Lessons
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Comments by "David Himmelsbach" (@davidhimmelsbach557) on "Russian Economy UNPLUGGED By Oil Sanctions" video.
I still have my copy. SPI ultimately went bankrupt.
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@EconLessons Was that Dunnigan? Simonsen?
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Why, why, WHY can't you get it through your head that Putin is PAINTING THE TAPE. The value of the Rubble is totally phony. There are NO honest trades in the Rubble. You're looking at box-tops, S&H Green Stamps, Script. They are only of utility at the Company Store. The Rubble only 'trades' inside Putin's pseudo-autarchic economy. Neither the Red Chinese nor the Indians want those wisps soiling their ledgers.
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BTW, I am delighted to sell tobacco, meds, etc. to Putin -- for hard currencies. These are typically highly addictive/ necessary items. The reason is that they drain hard currency towards non-war utilities/ commodities. As their prices become ever more dear, the populace is finally getting a proper price signal -- of total economic failure. Putin would be thrilled if American tobacco was cut off by American firms. Consumers would crawl over broken glass to obtain it -- if given any ordinary opportunity. Ditto: Coffee, tea, cannabis... etc. Drug withdrawal drives the addicted absolutely crazy -- and will cause them to rationalize crime.
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