Comments by "Ghostlight X" (@ghostlightx9005) on "Econ Lessons" channel.

  1. I've been checking russia's own month P&L sheets and everything you said adds up. The are running at the highest monthly deficit in their history. Even if you assume they are cooking the books and making it look better than it is, it still looks extremely bleak. Their GDP is only up because government spending is massively up, this is NOT a good sign. They are just draining their welfare fund and thus converting that money to artificially positive GDP growth. There is no way back from this for their economy; they are already off the cliff. However, I think they can extend their economic life with 2 things though: further stealing from their population and russian companies via increasing tax even further, and of course printing more money. The former will cause huge unrest in the population and the latter will only work for a week or two until hyper-inflation brings it all crashing down. It makes for a fascinating study in economic meltdowns.
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  2. Their tax income is also way down, by their own figures.
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  3.  @VisioGuy  There's nothing I'd enjoy more than sitting on the porch with this guy of an evening with a couple of huge doobies discussing the imminent russian economic collapse.
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  4. Another great video, Mark. Keep it up. I've been saying for months all russians with any savings should move them away from the Ruble to just about anything else. Like you, I can't wait to see it all fall; it will be fascinating. In the words of the song by Chumbawamba: "When the system starts to crack, we'll have to be ready to give it all back...."
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  5. I so wish you to be right but I feel more cynical. Biden/Harris are currently restricting Ukraine's ability to defend itself, which is absolutely unforgivable and cowardly. And Trump is just incompetence embodied and will end Ukraine aid and give russia what it wants (as he has said already), and he will do this before his incompetence brings down the world economy. But there is indeed zero doubt that Trump would do far more damage to the USA. Any economist can see that from space.
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  6. Don't worry russia's best friend the USA will help them out.
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  7. Quick question: This is russia, what stops them from just refusing to pay their debts and telling the creditors to go ** themselves?
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  8.  @kasti89  Impossible to stay due to amount of lies coming out of russia. When the money runs out basically. Money = their cash resource (welfare fund). Basically if you look at their P+L figures, they post a gigantic deficit every month. Even if you think they are cooking the books, the figures are still appalling and completely unsustainable long-term.When it runs out it runs out. And to answer your 2nd question about what if it doesn't crash down... It simply cannot be avoided UNLESS they alter their income/spending and reverse their monthly deficit. They either need to make a ton more cash every month than they currently do (impossible), or they need to reduce spending (very doable but they need to pick the war or their people).
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  9. I've read elsewhere that this plummet was caused by the news of russia firing its fancy missile recently. Also ruble seems to have a very tiny recovery today (110.0) Any thoughts?
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