Comments by "LRRPFco52" (@LRRPFco52) on "Econ Lessons" channel.

When I lived in Russia, I had Euros that were 1.3 USD at the time. Russians contorted their faces when presented Euros, only wanted dollars or rubles.
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I lived in Russia from 2008-2009, have studied them since the 1970s since my mom is Finnish. Russian economy has been collapsed since the forever. Any rises and falls are already in the toilet, so Western perspectives don't grasp how low it is there as a norm. They take pride in suffering because it's cold and isolated.
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Russia used to be rural farming but since the Khrushchev era, most of the population has moved to the cities. This was even more so after the Soviet collapse because so many distant regional industrial districts stopped receiving orders, so the technicians and laborers moved to the major cities looking for work. Many of the technicians, scientists, and brains fled the country since Visa restrictions were lifted in the 1990s-2000s. It is mostly urbanized if you look at the population density though, not rural. There are still many people living in dachas and farms, but the density is really in the cities. I lived all over Russia in the late 2000s and have been studying it since the 1970s, to include economic university archival data of the Soviet times looking at their petroleum industry, as well as nuclear power plants and rail infrastructure.
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Also, there aren’t many families of 4 in Russia. People have typically only been having 1 child for generations now, which is contributing to demographic collapse. Pre-Khrushchev, Rural Russians had huge families of course. After urbanization, people stopped having many kids and it the birth rates dropped to less than 2. Going into the 2010s, it started to pick up a bit to 1.78, then started falling again down to 1.4 and now 1.19 (11.9 / 1000 people). It’s an aging society like the rest of Europe and Asia, with weird demographic structural issues, lack of basic infrastructure, short growing seasons, frozen earth, rotting buildings, and no real reinvestment of revenue into roads, rail, energy, schools, or new hospitals.
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 @peterpan408 Does anyone really think China would agree to baseline BRICS on Indian Rupees? The jokes keep writing themselves.
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