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Seven Proxies
The Podcast of the Lotus Eaters
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Comments by "Seven Proxies" (@sevenproxies4255) on "I Don’t Like Putin, But... | feat. Esther Krakue" video.
Some figures for you: Russias national debt as of 2023 is about 15 percent of Russias GDP. The U.S national debt as of 2023 is about 122 percent of the U.S GDP. So when it comes to pointing fingers over who mismanages what... The enemies of Russia don't look too good.
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@ToroMontana With a 15 percent of GDP national debt, they don't have to borrow money to do what they want. The U.S has to ask creditors for permission every step of the way. And when creditors say no, the american house of cards will come tumbling down.
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@ToroMontana And you think america will never default when it's continuing to kick the can down the line, getting into deeper debt as a solution for it's current debts? You think the GDP will ever realistically catch up? 😆
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@ChucksSEADnDEAD So? Ukraine is relying on the entire freaking western world for military aid, and they can'y pay for it either. Russia is buying goods from Iran and North Korea to cover a production deficit. Note here that they are BUYING these goods, not "borrowing" them like Ukraine is forced to do. Any country at war of a large scale will face production shortages. It's easier and cheaper to buy munitions from an ally than it is to start building more factories to produce all munitions domestically. It is also strategically safer because while Ukraine might try to hit arms manufacturing in Russia in the hopes of disarming Russia, Ukraine can't attack Iran or North Korea lest they risk starting wars with these countries too.
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@napoleonfeanor it's not the government's job to "invest" into industries.
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@napoleonfeanor You create incentives by reducing government and taxation. Simple as.
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@ChucksSEADnDEAD Haven't claimed anything. I stay with the facts. And the facts are that Russias national debt isn't nearly high enough for western sanctions to work as intended. Russias military production is also producing higher quantities than Ukraine could hope to match with supplemental munitions imported from Iran and North Korea. You can't fight a war for long in Ukraines position where you basically produce nothing in terms of weapons and rely on freebies from other countries. It goes without saying.
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