we outspent Russia in the way back and nearly collapsed them. now, with help of our warmongering mowrons who run this country, they are returning the favor. just my 2.
HAHAHAHAHAHAHAHAHA.
Yeah, how is it’s debt to gdp ratio doing?
After twelve rounds of sanctions, Russia’s economy is growing while Biden has ruined America. Nice work, Zeepers.
Yes, but they’re still behind us in providing gender affirming care for their children.
“If you look at Russia, today, production goes up, [for the] military, [and] consumption goes down. And that is pretty much what the Soviet Union used to look like. High level of production, low level of consumption.”Georgieva said she believed the Russian economy also faced challenges related to an exodus of skilled workers and “because of the reduced access to technology that comes with ... sanctions.”
Bank of Russia Governor Elvira Nabiullina told lawmakers in Russia’s State Duma on April 8 that production in the country is being constrained by worker shortages, according to Reuters, although she noted that Russia’s economy was continuing to grow at an impressive rate.
These are strong headwinds to overcome.
President Putin is promising both guns and butter. He cannot deliver both.
Wars of attrition are bad for economies.
Russian gdp dropped 2.1% in 2022 and 2.5% in 2023. Also, munitions created for the war count in gdp. But once they are used they have no more economic utility.
This is why I say this war is a ruse and Putin is doing his part in this socialist charade to help collapse the West.
Also, a large portion of US growth is gov’t, the same as Russia.
Biden should cut off more domestic energy production to increase Russia’s market share even further - that’ll show ‘em!
GDP is a much misunderstood measure.
A country in the midst of military mobilization is going to have a massive increase in GDP, purely because of the increase in government spending.
The greatest single year increase in US GDP occurred in 1942, 18.9%
Because of the vast expenditure on military mobilization of course.
Let’s see,
Russian arms sales are way down cause the world sees they suck when going up against American military stuff.
Russia has oil
And wheat to sell.causethei other stuff sucks.
Drivel
Russians are. But serfs
...which continue to sink deeper and deeper into the quicksand of the Decadence of Western Civilization and grow increasingly contemptuous of Truth.
“the IMF said in its latest World Economic Outlook”
EVERYONE knows that the IMF is a Russian mouthpiece, just looking at where it’s based tells you that right away.
But the sanctions……….
Record Wheat Harvest too!
ahhh just like the old Soviet Union! all is fine and dandy!
Enriched flour.
No sanctions were ever going to work without China. Russia sells China oil and gas and China sells Russia ever consumer good in existence. That’s why years after the sanctions Russian store shelves are packed to the rafters with cheap goods.
GDP calculations are based on spending, with Russia’s total GDP now inflated by spending on military consumables in its war against Ukraine. Such spending is not the same as increased civilian productivity and spending, which raise the standard of living. That is why Putin is now talking about trying to increase the Russian standard of living.
This is a given. Russia has retooled for war. The US Defense sector is the only actual functioning area in the US economy. Our NG exports are keeping the EU afloat at 4x the prewar price. Russia has all the natural resources and Brics framework with access to 65% of the world’s population. The Russian war effort is growing. They producted nearly a 900 new tanks and refurbished over 2,000 last year. Their drone production is dwarfing Ukraine’s, which Ukraine herself states that drones cut the need for troops by 90%. Using drones for assault this summer will reduct the need for tanks, troop carriers and infantrymen which may have an impact on the economy by 2026 as things slow down,
Blackrock’s balance sheet in Ukraine was nearly 400B and it is upside down; they were the first Bitcoin ETF by design. The USG approved the Bitcoin ETFs 6 months sooner than expected due to the balance sheet losses in Ukraine by major US firms.
Bitcoin will grow faster than the US Debt and the Russian Economy;)