Comments by "Stephen Jenkins" (@stephenjenkins7971) on "Bloomberg Television" channel.

@flochforster22 That's kinda the point. Russia's actions led to this, and investors are not gonna re-invest in Russia out of fear of this happening again.
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@flochforster22 Trust in regards to financial institutions solely lies on whoever defaults. Regardless of their excuses. "The trust only matters now with China and India" And this is why Russia is doomed. As all Russians with brains flee that country because of people like you, I want you to remember that you forced them to this. No country can solely depend on 2 countries, no matter their wealth; and yet again, private investors are NOT countries. I ain't talking about military at all; Russia's military is a joke, but nobody will risk invading it or ever wanted to. Russia is doomed economically, since no amount of help from India or China will pull them out of this rut. Not when 40%~ of Russia's economy relied on trade with the West. Cope harder. Imagine comparing the sanctions on Russia with the ones on Iran. Might wanna double check the sheer volume of difference between both.
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@beachbummer3434 Uh, most debt is from private investors. They hold no loyalty to nation-states, just the bottom line. Indian and Chinese governments may shill for the Kremlin, but their private investors will run for the hills because its their money on the line. Neither India or China have managed to fill much of the void. They closed a fraction of it, but it takes more than a few months to so quickly shift trade routes. Most of Russia's wealth and economy are west of the Urals, not east of them. You're not fooling anybody, sir. And that's the important part. I just pity the copism at this point.
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@jeremias-serus Venezuela had oil, and look what happened to them. Russia is actually a relatively young nation, not much older than the US too. You're just going through some major cope.
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@flochforster22 The issue here is that you're coping to the stratosphere. "Major investors will def do this" or "Asia will def do that". What we know of defaults, investors, and of "Asia" is that they will NOT do what you hope they will. I actually agree that Asia is growing, but the idea that this myriad continent will throw support to Russia when they have no love for it at all is absurd. There are far more connections to the US than to Russia, and the only ones that will support Russia are those that align with it already. ASEAN? Far more aligned with the US. Indonesia? Also far more aligned with the US. Central Asia? Already told Russia to F itself for this invasion. Russia has almost nobody. Asia is a large continent with multiple powers, but only a paltry few will ever support Russia over the US, let alone 1/4 of the economy.
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@Kedatgahbelu12 Indeed. Don't like it? Don't invade a country the US has been aligning with.
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@r3dpowel796 It apparently works since no one bothers close US allies. Also, imagine thinking that the Russian Ruble isn't Monopoly money outside of Russia. The fact that nobody trades for it anymore outside of Russian allies kinda proves his point.
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@weop-o7b Okay, but the US isn't taking a side on this. This is ultimately an internal Korean issue, an issue for their people to figure out, so idk why waving US flags makes sense here.
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@SisyphusJP Bruh, what? America's economy is hurting to be sure, but its hurting by US standards -but world standards its pretty stellar still.
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@flochforster22 Eh, yeah, we're both making predictions; but I can't see yours as anything more than a miracle. I was memeing by claiming Russia's economy would collapse, but I do think it will face significant difficulties not seen since the collapse of the USSR. Even assuming Russia has the capability to open up trade to the likes of Indonesia for cheap oil in its most eastern regions (it does not, Vladivostok is too tiny to even begin replacing trade with the West outside of many years of upgrading the ports) -that's all assuming that Russia can even provide such cheap oil. Saudi oil was always cheaper, and the centers of oil production are much easier to ship from Saudi Arabia than it is from Russia. Mostly because land routes suck in comparison to overseas routes. Like idk how else to break it down for you; the likelihood of Russia just automatically replacing trade with the West, even if it were feasible via making their oil extremely cheap -it would still take ages to set up the necessary steps for constant trade. You just don't seem to have a grasp how long it takes for trade centers to shift; you can't just will it into existence. It takes time. And at no point did I imply Asian nations would blindly follow the US. Europe doesn't even blindly follow the US. No, my point from the beginning was that they won't damage relations with the US by helping Russia -the cost-benefit analysis isn't there at all. China can at least make some of that argument with the strength of economy, but Russia? Sorry, but that's what is what I mean by saying "copism".
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@joelafrite7850 Karma doesn't exist. Otherwise Russia would have to pay for rebuilding Poland, Estonia, Latvia, Lithuania, Latvia, Ukraine, Georgia, Chechnya, Hungary, Korea, Syria, Afghanistan, and many more countries I can name. Russia bet that the West would do nothing this time too, but Russia crossed the line after many warnings. So cope. Edit: Didn't the US literally pay money for Iraq and Korea anyway?
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Literally every country cares. Countries that don't care quickly become new Venezuelas, genius.
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>Russia invades and starts a war despite the West trying to stop it "West pushed for war for money". Imagine being this braindead lol
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@Spetsop There are a sparse few countries still trading in Rubles; but most of the world really isn't anymore. Russia has no room to cry when it has sponsored wars across the planet too. The difference here is that the West has the power to retaliate and Russia does not. You don't want peace; you want Russian imperialist victory at the expense of Ukraine. Your fascism is disgusting to see.
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@r3dpowel796 India, China, and Iran yes. Central Asia yes. Southeast Asia and Africa pretty much no. Only Bolivia and Venezuela in Latin America.
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@VastKnowledge2023 An account which it has no intrinsic right to. You can't steal when its a privilege you can even use it.
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@QueenMooSuko Nobody is being strongarmed but Russia here. Most countries outside of the US and EU have no love for Russia, nor will they cut out the biggest economies on the planet for Russia's economy which is comparable to the likes of Spain. You keep crowing about an alternative system; but it doesn't exist. Maybe one day it will, but Russia will crumble or leave Ukraine before then.
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@QueenMooSuko Bruh, you can't make an alternative system without 1/4 of the economy when not even the other 3/4 are trying to make one. You keep vaguely hoping for a way out, but its not a thing. China and Russia were crying about making one, but they didn't have the capacity or the ability to do so. And nobody else is really biting but allies they already have. Russia made their bed, get over it.
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@QueenMooSuko You can interpret it that way if you want. You can also interpret Russia's invasion as strongarming the rest of the world into dealing with their actions. Either way, this crisis was precipitated by Russia's latest invasion with clear noises by the US that it would retaliate if it occurred. Russia overplayed its hand, expecting a complacent West. The funny part about your examples is that either nobody cares or there was just cause for the US' actions, meaning there is enough leeway for people to shrug their shoulders. That's kinda the point; if Russia had a semi-reasonable reason for invasion, then the backlash would not be so extreme. Even the WMD, lie if it was, was considered reasonable due to the years before no WMDs were found. A good casus belli does wonders to placate world opinion. The US understands this. Russia does not. Cope if you want, I don't care in this case since Russia is getting its just desserts after claiming they'd be fine and doubling down on this invasion. "Whats happening between Ukraine and Russia, should stay between Ukraine and Russia as far as they're concerned" Most nations feel that way when they are not affected by the results. Egypt cares a lot more about what's going on in Libya despite them not being literally involved. Russia also cares about the West's interactions with Ukraine despite not literally being involved too. So people everywhere get involved in each other's business, as long as it affects them some way. Fact is, even if the Kremlin's propaganda network overtime, the main fact of the matter is that Russia invaded an independent Ukraine. And thus all issues are stemmed from that -blaming other actors won't work.
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@QueenMooSuko My point is you can't create that alternative without a concerted effort from the world's economies. Fact is that 1/4 of that definitely won't, and the vast majority of the 3/4's has no real interest in doing so; not when it requires so much work and a lot of short-term costs when they can just shrug their shoulders. Edit: Look, if nobody has gathered even 1/4 of the world economy to even start something like this yet at this point, then they're not gonna bother unless something extreme happens.
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@QueenMooSuko That's not what you implied last time. Now apparently countries do care when its neighbors? And yet Russia has been threatening Ukraine's neighbors consistently, so...? The veil of legitimacy, fair or not, is precisely what I'm talking about. Whether it be with the permission of international law or via the decrying of a foreign dictator; the world shrugs at the US' actions and mostly shrugged at Russia's actions too. But this was a step too far. Fact is that in terms of international law, most of the US' actions were perfectly legal with Iraq being a big exception. There was no major investigation in Iraq, genius; Saddam Hussein didn't allow it which allowed for the US to claim that since they were hiding something that they definitely had WMDs -which was a fair thing to claim. Also, the fact of the matter is that the Taliban supported Bin Laden so any talks of extradition was unnecessary; it was a legal war by every respect. As for Syria and Libya -both were legal for the simple fact of how the US acted -the former the US claimed to be jumping in to fight ISIS which was legal and fair. The latter was the US supporting a UN-sponsored no fly zone, which was legal and fair. Russia used the same strategies in some of its conflicts, and the US complained but didn't do anything in retaliation. Because that's how conflicts have to allowed. And to put it bluntly, the US in every respect is morally superior to Russia. At least the US actually protects the peace of multiple regions across the planet -Russia has only protected Syria. Maybe. Some Syrians are bitter in how they were bombed to hell like in Aleppo.
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@RWZiggy I already agreed that most countries generally don't care, but I also stated that its a bad look to support Russia atm so no one will officially do anything in their aid let alone choose Russia over the West in trade. Most of Asia has good relations with the West, so idk why you people keep bringing up Asia as if its another Bloc that is perfectly aligned with Russia. Ah yes, the self-destructing West that has more and more Russians fleeing towards them as we speak. Just a few months ago there were wild stories of Russian and Ukrainian refugees trying to enter the US via the Mexican border. That's where Russia is. Cope with it.
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@RWZiggy I said "a bad look" for a reason. In their hearts they may not care, but governments need to keep up appearances. Aligning with Russia when it so blatantly being imperialist is difficult for domestic propaganda. I mean, laugh all you want, but nobody is bothering to help out Russia. Like at all. And no duh Europe as a whole is still trading with Russia; there is no embargo going on. And Russians would screech even louder than they already are about being "oppressed" by the West. You literally just said that nobody cares about this war, to trade with much of Russia's economy in certain sectors you need to stop trading with the West. It's because they don't care and the bad look that they won't bother trading with Russia in most of these sectors. India nor China are violating these sanctions. Imagine talking about failures when Russia is pretty much abandoned by the planet as it continues to fight a braindead war for rich old men as your young boys die by the 10's of thousands. Again, I pity you. We'll take your best and brightest though.
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@Kedatgahbelu12 Jesus Christ, you Putlerists can't help but make everything a whataboutism, can you? I never once claimed that the world has any love for the US or EU, genius -most places don't have any love for places far from their home countries. That's just generally how people work. What world do you live in that 1/3 of Latin America is under sanctions. Let alone 2/3 of Asia. Are you referring to sanctions on specific leaders and extrapolating that to the countries or something? The International Community literally doesn't give a crap about China or Russia. That's why so many governments either agreed to kick Russia out of the HRC or abstained. A symbolic gesture that made Russia furious. But sure, keep living in your brainwashed "reality" lol Edit: Seriously, only Muscovites can be this delusional. They can say the darndest things and they can get away with it for some reason.
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@SisyphusJP Your first comment in the comment chain kinda indicates otherwise.
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@dF_fallz By definition its not even hypocrisy. A government using the literal authority given to it by the people is not the same as corporations wielding authority not given to it by the people. This is basic civics. Did you even attend school?
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It isn't the US government that forecasted their economy contracting by 12%, tell you that much.
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@thesniperviper3146 "Paying their fair share" Is not a Communist thing. A Communist thing is to take control of these companies and give them to the Politburo. Don't be stupid, not everything is Communism.
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@brantkim Ah yes. Much profit for Russia whose economy is going to contract by over 10% in this year alone. India is profiting, sure; but at the cost of any sympathy in the West for any conflict with China.
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@Ciph3rzer0 US constantly uses antitrust laws. Not everyone is as ignorant as thee. Seriously, the US just sued Google a year ago.
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@Locke99GS It's amazing how much fascist Putlerists keep saying this ad naseum for the past decade or so. "Losing faith in US Dollar" and "it will come back to bite us". And yet it never has, because you live in an alternate universe where you think you understand how economics work. No, you WISH that would be the end result, but the fact is that the status of the Dollar is unchanged from this; if anything its value prolly grew. You'd know that if you understood anything resembling context. Whether Army Vet or no, a fascist traitor is a fascist traitor. Let's be real here.
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@Locke99GS lol yeah, claiming that the USD is gonna fail because of sanctions when Russia's economy is as weak as it is isn't claiming its affected by economics. That's claiming that by some magic wish that it will be affected. Because in terms of economics, the USD won't be damaged by this. It can be damaged, but only in the event of the US sanctioning multiple countries without any casus belli leading to a spike of distrust that even investors will get spooked by. If the US sanctioned Russia this heavily and Russia did nothing, then we can have that conversation. For now, you may as well be arguing that Russia is gonna collapse because its getting sanctioned -you're missing a lot of vital steps there. But keep being ignorant if you want.
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That's not how this works at all, wut? If Russia can't pay it back, then investors will scramble out of Russia and future ones will refuse to do so. Russia loses trust and to get it back it will have to pay. So whether now or later, the money has to be paid back.
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@flochforster22 Uh, RuPay isn't accepted in that many countries yet. So idk what you're talking about lol Heck, the fact of the matter is that the issue is not getting the money; it's trust. Russia from this alone has destroyed trust investors have in Russia, it doesn't matter that it can actually pay them. Weimar Germany tried to purposefully default despite having the money to pay back investors in the 20's and it nearly crashed its economy and needed US aid to get back on its feet. You just unironically have no idea how financial institutions work, huh? You just vaguely hope Russia will get on top. Sorry, bud. But being a member of BRICS or APEC doesn't mean that the nations a part of these orgs are gonna help Russia. Russia still has CSTO, but the nations there effectively just ignored Russia's pleas for aid. Sure, nations aren't lining up to aid the West, but nobody is sticking their neck out for Russia either. Something you seem so keen to forget.
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@beachbummer3434 Oh please, there is a subsection of fascist Americans that want Russia to win. So if you are what you claim, then you fit the bill. Oh yes, tantrums of the West when Russia is the one that invaded. Cry me a river. "Unprecedented trade surplus"? Jesus, the copism is strong with this one.
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@douglassantet647 That's most debt across the planet. Period.
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Then why is USD rising in value compared to the rest of the world's currencies?
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@Evildr Uh, no they don't. The dollar is the most used currency on the planet; how is that artificial? he only artificial currency is the Ruble atm.
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You people need to actually read and understand what this is. This isn't a fucking tax on "the people", it's on international companies that sell in rich countries while basing it on smaller tax havens so they avoid paying high taxes.
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@johnnydjiurkopff Uh, how is holding massive corporations accountable to antitrust laws petty and irresponsible? That's actually just and responsible. The only reason you'd have an issue with this is if you were a shill for monopolies.
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@johnnydjiurkopff "I'm saying that the party performing that action is both petty and irresponsible. So much so that it is impossible for me to imagine a scenario in which they are performing that action without ulterior, likely malicious motives." So basically you're so utterly consumed by your "side" that you'd be against an objectively good thing because the wrong "Side" is doing it. Literally an example of the kind of person that cuts their nose off to spite their face. Don't complain about reading comprehension when you didn't actually make your point clear, and are this twisted into licking the 🥾 of big business.
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Because there is no monopoly there. Do you even know what the word "monopoly" means?
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@dF_fallz Its a part of a social contract, genius. Lolbertarians are fine using all the benefits of government funds while decrying the tax needed to fund them.
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@dF_fallz Wow, its almost like infrastructure always need to be maintained or something. That's not "terrible quality", its what every nation has to do. I know Burgers have zero concept of reality outside of their bubble, but the you CAN look at the rest of the world and see that the world has the same issues.
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@smokex3652 It's the US' money, it was a privilege to use USD, and now Russia lost that privilege. That's how currency works, genius.
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@smokex3652 Selling a computer transfer ownership. Currency is permanently the ownership of the one printing it; since its value is derived from the government printing it, genius. Nice try proving how little you now about currency though, trying to act like a medium of exchange is the same as literal ownership of a product. Edit: If that's how gangs work, then the blame lies in Russia for using gang money, huh? And the rest of the world for relying on that gang money. Newsflash, that's how ALL currencies work. That includes the Muscovite's Rubles.
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@rossiaforeverdon Chechnya won its independence and then using a false flag, Putin invaded and crushed it. Investing into a country apparently doesn't count. Assad's legitimacy at the time was very much in doubt and Russia was responsible for destroying multiple Syrian cities. The classic Russian excuse of "small nation attacked Russia" giving Russia the right to invade and slaughter. No one would buy this if the Americans said it, but Russians unironically say crap like that. I wasn't the one that initially suggested that nations should be paying countries that they messed with, genius. Have an issue? Talk to the guy I responded to. Typical Russian nationalists tolerate BS being flung at others, but cry foul when its returned.
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