Comments by "This Channel" (@thischannel1071) on "Business Basics"
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But you apparently didn't see through this video's lies. 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'.
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FYI everybody, 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'.
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FYI, 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'.
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@theartguy6776 Hi. I study and track Russia's economy for work. I assure you, the Russians are still laughing. 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'.
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@ Yes, I do. I study and track Russia's economy for work purposes. This video's entire message is based in mischaracterization and misunderstanding.
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'.
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@kathcasey2090 And there's no axe being ground in the statement "This kind of narrative is a way the West, and more specifically, the US are trying to save face, to make it sound like they weren't overcome, defeated, or humiliated by Russia, and that they've successfully stuck it to Russia". That's actually what these narratives are about: protecting of the national ego, making oneself sound victories and their enemy defeated, even when it isn't true. They're a constant part of the US narratives on all topics, not just concerning Russia. You should be able to know that just from how the Democrat and Republican parties and leader frame their own actions versus those of their opponents. The same applies on the global scale, only to an even greater degree.
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Hi. I study and track Russia's economy for work. FYI, this video is complete fiction, and an inversion of reality.
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'.
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