Comments by "This Channel" (@thischannel1071) on "The Icarus Project"
channel.
-
2
-
1
-
1
-
1
-
@mensen4488 I definitely provided an argument, which noted that the sectors of Russia's economy its growth is coming from show Russia is experiencing the opposite of Dutch Disease. So, if you haven't seen any argument from me, then you've either forgotten or ignored what I previously said, or just don't have enough topic knowledge to catch what it means.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I definitely provided an argument, which laid-out that the sectors giving Russia's economy most of its growth show the opposite of Dutch Disease. So, if you haven't seen any argument from me, then you've either forgotten or ignored what I previously said, or just don't have enough topic knowledge to recognize what it means.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I did provide an argument. So, if you haven't seen one from me, then you've either forgotten or ignored what I said, or just don't have enough topic knowledge to catch what it means.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 If you haven't seen any argument from me, then you've either forgotten or ignored what I previously said, or just don't have enough topic knowledge to catch what it means.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I definitely provided an argument, which noted that the sectors of Russia's economy its growth is coming from show Russia is experiencing the opposite of Dutch Disease. So, if you haven't seen any argument from me, then you likely just didn't have enough topic knowledge to catch what I said means.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I definitely provided an argument, which noted that the sectors of Russia's economy its growth is coming from show Russia is experiencing the opposite of Dutch Disease.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 If you haven't seen any argument from me, then you don't have enough topic knowledge to have noticed what I said means.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 Then your understanding of the topic is such that you didn't catch the argument I gave you.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave a clear demonstration of Russia's situation being the total opposite of Dutch Disease. So, you don't have enough understanding to have recognized it.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave a clear example of Russia's situation being the total opposite of Dutch Disease. You somehow thought the video had acknowledged that (it didn't) and presented it as the reason why Russia is in trouble (it's the opposite of what the video claims.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave a clear example of Russia's situation being the total opposite of Dutch Disease. You somehow thought the video had acknowledged it (it didn't) and presented it as the reason why Russia is in trouble (the video claims the opposite of what I said is happening, which is wrong).
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave a clear example of Russia's situation being the total opposite of Dutch Disease. But you didn't understand it.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave a clear example of Russia's situation being the total opposite of Dutch Disease, which you didn't understand.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave an explicit example of Russia's situation being the total opposite of Dutch Disease.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave a clear example of Russia's situation being the total opposite of Dutch Disease.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I plainly explained why Russia's situation is the total opposite of Dutch Disease.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 I gave a clear example of Russia's situation being the total opposite of Dutch Disease.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 There's a difference between no argument being given, and you not understanding the topic enough to recognize what was said.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 There's a difference between no argument being given, and you not understanding the topic enough to recognize what was said.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1
-
@mensen4488 There's a difference between no argument being given, and you not understanding the topic enough to recognize what was said.
The situation in Russia is basically the total opposite of what this video claims. This video is totally bogus, and filled with mischaracterization from someone who clearly doesn't know Russia, its economy, or economics in general.
One example: He claims that inflation in Russia is making Russians unable to buy as much today as they used to be able to. The situation is actually the total opposite: Russians' purchasing power has increased for the last 2 years, and it is continuing to increase now. That's because their wages growth is outpacing the inflation rate. The metric that compares purchasing power changes via wages growth relative to inflation is called Real-Wages. And Russia's real wages are surging.
And it's actually in part that Russians' purchasing power is surging that Russia's inflation is as high as it is. Because Russians are wealthier than normal, they're able to buy more than normal, and so they're consuming more than normal, which is increasing inflation. BTW, the situation in the West is generally the opposite: real wages are decreasing, and so people are becoming poorer due to losing purchasing power, due to inflation in their countries outpacing their wages growth.
BTW, the lower the rouble goes, the more profit Russia makes and the richer it becomes. That's because Russia has the 2nd or 3rd-largest trade surplus in the world. What do you think happens if you export $100 billion of goods, and import only $1 billion of goods, and suddenly your currency devalues so you're now paying 100% more cost on your $1 billion of imports, but are also making 100% more profit on your $100 billion of exports? Russia's government deliberately keeps the rouble low for this reason. It also recently cashed-out its FX reserves at a particular low point, and will restock when the rouble's up - basic buy low, sell high reasoning.
Putin has always been equally open and frank in his public statements, including about Russia's challenges. Nothing he said during his annual Q&A was out of character in the least, and his comments about Russia's economy were nothing new - they were all repeats of things the Russian government had openly said over the past 2 years. They don't portend disaster for Russia, but express challenges that Russia has openly been addressing, successfully, for a long time, and which it will most surely continue to.
Russia's economic growth is out-pacing the economic growth of all Western economies. And Russia is predicted to have an economic boom (even more than the one it's had for the past two years) when the Ukraine war ends, as sanctions will be removed and foreign investors will be eager to invest in Russia again.
Additionally, independent polling of Russia's population in July of 2024 found that the level of satisfaction and confidence in Russia's future was at the highest ever recorded since the USSR's dissolution. Putin's approval rating is currently at 87% positive. The Russian people are not going to be turning on Putin, and you can be sure that the performance of Russia's economy has a lot to do with his high approval rating.
Russia has serious economic challenges to contend with. And it's been handling them very well. The West has economic challenges, and it's not handling them nearly as well. Despite its economic challenges, Russia is in a much better position than probably all Western countries. The only Western country I would caveat that with is possibly the US, though it really depends on how the US is going to handle its enormous debt. Russia's economy is currently, and for the past two years has been, growing faster than the US'.
1