Nah. They'll be like North Korea. But with a lot more resources.
The Ruble rally is also manipulated.
You can’t take dividends out of Russia anymore.
Russian exporters are required to convert at least half their proceeds into Rubles.
Foreigners can’t sell any investments in Russia.
I understand there are very few ruble currency transactions compared to prewar.
This story is pure garbage. Russia now has the strongest currency in the world and a great realignment is coming in Asia and Eurasia economically, the Dollar will lose it’s reserve status and that means all those dollars come back to the U.S. for more inflation.
The New Alliance of China, India, and Russia will leave us in their wake and we have Done this to ourselves.
You want to know what is really going on then read this guy, he is on top of it all:
https://thecradle.co/Profile/32
I think Putin’s intent is to make Russia self-sufficient and protect itself from the globalists.
In principle, the idea is sound.
However, whether or not it can be made to work remains to be seen.
After years of breathless hype about Trump hooker pee-tapes, the Steele Dossier, Alex Vindman and Robert Mueller phony investigations - are there still fools out there who actually believe what US corporate media is telling you about Russia and Ukraine?
I hope china gets ridof xi and ccp
I hope ukraine gets rid of zelensky
I hope iran gets rid of ayatollahs and irgc
I hope US gets rid of socialists biden and suck machine and nanzi
I hope the norks get rid of the kims and commies
I hope south africa gets rid of socialists anc
As long as we are hoping for things
Cool! Now do China!
Globalist garbage from Yahoo. You Sorosbots keep scraping the bottom of the barrel.
basically, russia is a gas station with nukes ...
“Though some businesses have stayed, the mass corporate exodus represents 40% of Russia’s GDP and reverses 30 years’ worth of foreign investment, says Yale report.”
LOL. Who counted? Did they count the capitalization of the outcoming businesses as a whole?:)
There is currently a fight between local and Chinese businesses for their assets. There is a lot of money to be made in substitution.
From the article:
- Yet Russia’s financial markets are the worst-performing in the world this year.
- Putin is resorting to patently unsustainable, dramatic fiscal and monetary intervention to smooth over these structural economic weaknesses... and drained the Kremlin’s foreign reserves even with its continued inflow of petrodollars.
- The Russian government is giving subsidies to businesses and individuals to mitigate any economic shocks caused by sanctions (printing money). This “inflated level” of fiscal and social stimulus, on top of military expenditures, is “simply unsustainable for the Kremlin,” the report said.
- And the ruble’s recent dramatic turnaround doesn’t indicate a strong Russian economy, but marks something far worse: the clear collapse of foreign imports.
- The EU is now phasing out Russian energy, which could hit the Kremlin’s oil and gas profits.
- Russian producers and manufacturers are unable to fill the gaps left by the collapse of Western imports.
- The EU is now phasing out Russian energy, which could hit the Kremlin’s oil and gas profits. Such a scenario would severely strain the Kremlin’s finances.
- The country is losing its richest and most educated citizens as its economy crumbles. Most estimates say that at least 500,000 Russians have fled the country since Feb. 24, with the “vast majority being highly educated and highly skilled workers in competitive industries such as technology,” the report said. Many wealthy Russians who flee are taking their money with them.
Despite the crackdown, the Kremlin continues to rake in billions in oil and gas revenues, which helped the ruble rally to become the world’s best-performing currency this year.
But all is not well with the Russian economy.
—
This is written as an inversion of our own economy where we’re told repeatedly by the media that 2 quarters of contracting GDP are not a recession.
Russia decided it would no longer be a part of the Central Banker Empire.
It lost growth in what? Boatloads of worthless Western currencies?
If you want to buy a Gucci, go to Europe, not Moscow
If you want to buy a Mercedes, go to Europe, not Moscow
If you want to sleep in a warm bed, go to Moscow, not Europe
If you want to shower in the morning, go to Moscow, not Europe.
If you want meat, go to Moscow, not Europe.
This sounds like what happened to our economy when congress got paid to ship our jobs to China in return for 11 pieces of silver!
Commonly said that Russia’s economy is the same size as Italy’s BUT>>>
August 3, 2022
According to Sapir, the reason for this disparity is exchange rates. If you simply convert Russia’s GDP from rubles to dollars for comparison, it would be seen as an economy as large as Italy’s. However, such comparisons are meaningless without adjusting for purchasing power parities, (PPP) which account for productivity and living standards, and thus per capita welfare and resource use. In fact, PPP is the preferred measure of most international institutions, from the IMF to the OECD.
So what happens when the PPP methodology is used to compare the actual size of the Russian economy?
Doing so reveals a much larger and significant beast – it becomes clear that Russia’s economy is rather more similar to the German economy at about US$4.4 trillion versus Germany’s US$4.6 trillion.