Posted on 04/18/2024 6:03:24 AM PDT by delta7
Sanctions and the removal of Russia from SWIFT have not deterred the Russian economy. A recent report by the International Monetary Fund (IMF) predicts that Russia’s economy will grow more in the next year than any other advanced economy.
The IMF believes Russia’s economy will grow by 3.2% in 2024, in comparison, the US is expected to grow by 2.7% while Europe’s top economy, Germany, is expected to grow by a mere 0.2%. Cutting off Europe from Russian energy backfired in a major way. Foreign investments have been pouring into Russia from the rest of the world, which is eager to join the rank of “advanced nation.”
BRICS
Trade between China and Russia has spiked to $240 billion in the last year alone. World leaders have learned absolutely nothing from the previous three years. US President Joe Biden just announced new tariffs against China on steel, aluminum, and shipbuilding supplies that will be potentially raised to 7.5%, triple the current rate for steel and aluminum. “The president understands we must invest in American manufacturing, but we also have to protect those investments and those workers from unfair exports associated with China’s industrial overcapacity,” Lael Brainerd, director of the White House’s National Economic Council. The president of the US and other world leaders simply do not understand how the economy operates. Brainerd believes China is simply overproducing, and these tariffs will cause China to change its policy as it wishes to continue trade with the US, its previous top trading partner.
Trade War 2
China does not need the US to excel at trade. China’s adopted capitalistic style of business is causing nations to line up to sell to China in the same manner that they once did to the US. Now, Americans are strapped for cash, and its consumer population is declining. Biden just made it less appealed for nations like China to sell to the US. Germany is failing to grow because it continued its mercantile system of business where it feels it must increase manufacturing. German manufacturing may be of higher quality than that of China but China’s middle class is growing, and with it, so are the number of consumers amid a population of nearly 1.4 billion people.
Russia does not need the US, Canada, or Europe for trade either, as they have a precious natural resource that is in higher demand than supply. The world needs energy and fossil fuels and cannot operate without them. As hard as the climate change zealots try, they cannot eliminate the world’s dependence on fossil fuels. Instead, the West is imposing regulations and taxing its people in an effort to reduce their reliance on fossil fuels, but the demand is not there, and the infrastructure does not exist. There is no reliable alternative to fossil fuels on a wide scale.
Russia does not need to adhere to the G7 nation’s price capping regulations. Russia has effectively been selling oil to nations like India who then turn around and sell it to the West at a premium. Pettiness is poor business, and simply attempting to ostracize a necessary trade partner from the global market has backfired in a major way. Now nations like those under BRICS are trading freely without Western interference and it is becoming overtly apparent that sanctions do not work.
Why would you choose to be willfully ignorant?
Obviously you are an idiot who supports the enemy of this country and the chief war monger in the world.
Think of it this way. Suppose that you have been obnoxious and menacing toward your neighbors and they are now dangerously hostile against you. You therefore tap your savings to install a state of the art security system, armor up your house, and buy a significant array of firearms and get the training and practice to use them.
If you measure your prosperity by how much you are spending, which is what GDP accounting mostly does, you have become more prosperous. Of course, by broader measures, you are worse off. You are at odds with and fearful of your neighbors, and your savings are badly depleted by spending on personal security instead of direct benefit to your standard of living and enjoyment of life.
Similarly, due to the way that GDP is measured, the IMF projects that Ukraine's economy will grow by 3.2 per cent in 2023. This is due to foreign support that allows for increased domestic spending in Ukraine, not because life in Ukraine is better.
Any more money to Ukraine will only result in more dead Ukrainians and Russia being forced to take even more territory.
But, the defense industry will continue to thrive and Mike Johnson and other scumbags will get money kicked back to them.
Holy shit. Are you ACTUALLY saying we don’t start proxy wars
or sabotage and sponsor terrorism?
You SERIOUSLY think that?
Obviously, I’m not a big enough idiot to fill your shoes.
the IMF projects that Ukraine’s economy will grow by 3.2 per cent in 2023.
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IMF? Laughable, had me laughing for minutes. Sorry, not going to happen with a country whose population has fled, economy in ruins, manufacturing gone, in ruins, 1 $$$ Trillion in estimated rebuilding costs, unpayable debt increasing.
Anyone with common sense can see the IMF “ projection” is Hopium…I don’t believe in Unicorns.
He only makes everything he touches worse.
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Everything! Question is, are his blundering boomerangs planned or just stupidity?
NO, we do not sponsor terrorism and we do oppose the last predatory super power to be a threat and a danger to world peace.
Now go back to your borscht and vodka.
No. But I worked in economics. Russia is a mess.
So obama did NOT give billions to Iran (as did Biden) and directly support isis?
Really, I don’t know why I bother talking to you zeeper robots. We can make points and state facts all day long and you zeepers plug your ears and scream I can’t hear you! Putin stooge!
You should all be zotted.
I do love Russia! In fact, I’m moving to Russia next week with my family. I don’t particularly care for what Putin is doing with Ukraine, but I do love the country and her people.
I think the Russian hatred on this platform is childish and nauseating!
I am on your side if you just go back and read the posts on this thread you will see.
Whether you realize it or not, you are also relying on IMF data for Russia’s GDP growth. As for Ukraine, keep in mind my point that GDP accounting is based on domestic spending, not wealth. When Ukraine spends US aid dollars, that adds to Ukraine’s GDP.
Good riddance. Pay your tax on the way out.
You’re back again?
“”””I do love Russia! In fact, I’m moving to Russia next week with my family. “”””
You have owned a home there for many years, what led you to have a home in Russia, or to live in America?
“”””In fact, I’m moving to Russia next week with my family.””””
That is a little misleading, you already live in Russia and have for years, according to you there have been issues with you getting back home after a visit to the United States but they are over now, so it isn’t like you just up and decided to move, in actuality you are getting back home where your in-laws are in the Russian Army.
Excuse me... let me rephrase: After being back in the states for the past 3 years, we are moving back to Russia where my wife is from. We own a home there, but only lived in it for 6 months back in 2021. We were going to go back in Feb. 2022 after spending a few months here in Reno but decided it best to try and wait out the war.
Our original plan was to split our time between there and here in Reno where my family is.
As I kind of explained in the other post to you. My wife is from Russia. We have a child who has dual citizenship. My wife has dual citizenship as well. Our original plan back in 2021 was to split our time between there and here in Reno.
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