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David Himmelsbach
Econ Lessons
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Comments by "David Himmelsbach" (@davidhimmelsbach557) on "Russian Ruble Falls Like Confederate Dollar" video.
Get warm, light a ruble.
2
Hemingway called it. Putin is going broke gradually. The 'suddenly' is immediately ahead. When it breaks, it goes the whole way.
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BTW, the sole reason for Sherman's March to the Sea success: the Georgian civilians had sent virtually every last ounce of gunpowder up to Lee. So, the militia could only fire a SINGLE round -- and then run away. They weren't cowards, they were entirely out of powder.
1
It was Cotton, Tobacco, Sugar/Rum. ALL were exported to Europe. (Britain & France) Today, it's Oil & Gas. Both were exported to Germany, Poland, France ... even Italy, Hungary, Czech Republic + the UK. This shifted over to Red China + India + UAE. ( The latter conducted energy arbitrage. ) The North cut off Southern export earnings -- except for those of Rhett Butler. The EU cut off Putin's cash flow -- except for back door distillates out of Western India -- those two monster refineries. Now Xi is running scared -- and he sure is pissed off at Kim for throwing off his leash. Pimps are jealous creatures.
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You've missed it. The South was tearing its hair out during 1863 trying to rope in more conscripts. Putin is going through the identical problem, right now. Lee graduated at the top of his class, IIRC. He really made his bones during the Mexican-American War -- being the right hand of General Scott, America's first Lt. General. Scott came up with the Anaconda Plan -- which did in the Confederacy.
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You've missed it. A mercantilist power has no fiat currency power. ONLY alien currencies are accepted across the wider world. Such powers can't issue national debt instruments, either. No-one wants them. Such bonds are strictly commodities bets. Such markets are THIN. The USA can issue astounding debts -- because such debts have universal utility as fungible assets, liquid, too.
1