Comments by "Nattygsbord" (@nattygsbord) on "What you're not being told about Russia's economy" video.

That guy is a genius. I hope he starts an university one day where they can teach out Tuckeronomics.
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Weimar could have paid the war reparations if they wanted to. But for political reasons they did not create deflation by keeping the old taxes on the rich. Instead they did the opposite and gave rich people big tax cuts that caused massive inflation when that was not met with government spending cuts. And all price controls Germany had done under the war had worked well. Russians and Germans have historically been good at such stuff. However, when Germany got peace then it removed the price controls, and the inflation started to skyrocket into the air - just like a big air ballon that you push hard deep under the water, and the harder you push it down the more violently do it want to jump up.
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Russia can make price controls and save up money... but those are just treating the sympoms of inflation for a while
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The difference is that USA and Japan are exporting lots of stuff while russia is not. And in exchange for stuff do America get some money. And when have a stable income you can repay a debt. Russia does not have the same large income. And yes they are selling some oil, but that small amounts of money they get for that is not enough to cover the costs for this war. And it is also a difference why someone takes a loan. If someone borrows money to go to school to study and become a doctor, then maybe 5 years in the future this person will be a doctor and earn a big wage and can repay a big loan pretty easily. So if USA is behaving the same way of investing money into infrastructure, research and promoting new companies... then it will lead to more economic growth in the future. But if you borrowing money and then just buy plasma tv, gold plated toilets and luxury cars that you damage... then of course it will not be long term substainable to borrow money. And russia is behaving the same way. They borrow stuff that they use up. And instead of making the country richer with more bridges and schools built, are the war doing the opposite to them with all buildings destroyed in Kursk. And all money that could have gone into better schools and bridges are wasted on building tanks that gets blown up by cheap enemy drones. And young men who might had become scientists, doctors and engineers gets killed. Or they get arms, legs and eyes blown out so they cannot work at a normal job after the war is over. So the russian economy is at a flatspin. Giving up the war is the only way to plane from a hard crash landing. But it seems like the Captain wishes to go down to the bottom togheter with his ship so to say.
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He can fool the russians all he wants with price controls and such. He can say that a ruble is worth this or worth that. And maybe he can somehow even keep the black market in russia somewhat calm. However he cannot fool foreigners. He cannot increase money supply a mllion fold, and then say he wants to buy stuff from a foreigner and pay him with rubles and claim that they are worth the same amount of rubles as before. Foreigners will see this scam for what it is and demand payment in their own currency, Chinese Yuan or Indian rupies or whatever it may be. And when you create inflation, you discover that imports becomes more and more expensive for your own country. And that is not substainable for a country that desperatly needs to find more money to pay for an expensive war. Every little source of income needs to be used, and every little amount of waste needs to be minimized. So inflation is something that one wants to avoid.
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Peter Zeihan just seems to make things up as he speaks, and make claims without providing sources so its basically just "trust me bro" he followers got to cling on to.
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Inflation is when too much money chases too few goods. And hyperinflation only happens in poor third world countries (typically socialist ones) and countries at war. Russia suits both those boxes. Hyperinflation do not typically happen to rich countries because they are able to produce more stuff. Russia on the other hand are not producing much consumer goods, so it cannot smooth things out and create price stability. It rather instead produce tanks and bombs. And the bombs gets blown up and after that are no nothing left of all hours of work that was put into making that bomb. Russia are not getting richer and peoples lives have not been improved by the bomb explosion. And neither have normal russians standard of living improved to building new tanks that has been sent to Ukraine only to be destroyed by a cheap drone. Russia must find a way to produce more consumer goods or their inflation will start to spiral up out of control. The other alternative to avoid high inflation would of course be to not create money to spend it on this war. But if russia do that, then will it have to downsize its military by a huge amount and have a huge disadvantage on the battlefield in Ukraine and being too weak to go on any offensive actions. And perhaps being even to weak to defend the many areas it is controlling. If there are not enough money to keep so many troops at the frontline, and say half of them needs to go home to russia. Then will this leave large areas of Ukraine and russia totally undefended against Ukrainian attacks. So russia can lose this war with inflation. Or it can lose the war by making its army smaller, and too small to win this war. Or it can just give up this war today and just go home.
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If the war ended now and Trump gets elected, and give russia all land they have stolen, return all frozen assets and end all sanctions... I still think that this war has been a disaster for russia and not worth the price it have paid to achieve this so called "victory". Its like giving away 15 dollars and getting 1 dollar in return. Russia would have been better off using that money on education, infrastructure, etc instead of wasting it on a war. This war is waste and not an investment.
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