In the US unemployment statistics are based on residents who are already in the labor force, so those who have given up looking for a job are not counted as being unemployed.🤔
'Facts are stubborn things, but statistics are pliable.” Mark Twain
Getting back to the high cost of purchasing native pink salmon, as everyone needs a powerful daily dose of Omega 3-- at a fair price, that is.
In any event, I just happened to see Jeffrey Sachs on The Duran YouTube channel the other day. Interestingly enough, he was surprised the 1991 dissolution of the Soviet Union was going to have a disastrous effect on the economic lives of workers. He was convinced Clinton and his ghoulish coterie were going to bailout the Kremlin. I guess, it never dawned on Mr. Harvard that Russia is only seen by international financiers as a place to harvest and extract trillions in untapped natural resources.🤑
It doesn't make sense why Russia needs to convert to dollars to buy chips and machine stuff. They have China where they can trade oil for those things, not needing to go through currency exchanges.
It seems like there's a lot of skimming by the banks in Russia, just like the West does.
Inflation is being driven by cheap money buying up commodities, but they pretend like it's a result of con-vid.
BTW, in the US, we had huge inflation since 00s. Funny how the media ignores the huge increase in real estate/housing, education, and healthcare costs.
This sounds ominous: "The fact is that through the efforts of the “privatizers” who now wear the mask of system liberals, we completely destroyed more than 33,000 large and medium-sized factories in the 90s. And now machine tool building and mechanical engineering are absent in Russia."
Looks like Russia is de-industrializing with China benefiting from these insane policies.
Are they serious predicting 3% or even 6% inflation is disaster. Here in Ukrcanada west food is from 10% up to 35% higher, rents have skyrocketed- if you can find anything, homes are completely u affordable, & immigration is 400,000 yr with 10000's... citizens living in tents. Try finding a doctor, let alone hospital care. MAIDS is our Healthcare, (medically assisted suicide by Rx). Possesion of deadly addictive drugs are quite legal under 2.5 grams for self suicide. Fuel is taxed to the max, their is zero public transportation west of Ontario, no buses, unaffordable (tourist train system), so you drive fly walk or starve. Of course official government inflation rates are complete 🐂💩.. You don't know what you had, until it's gone forever.
"The last paragraph about a future BRICS currency is interesting—we will have to wait and see what happens with that at the upcoming summit in South Africa. Who knows?"
They are hedging their bets. Ramaphosa is ex CIA and is still connected. He is playing both sides. A scoundrel of note.
I do hope they get rid of the dollar, but I am not sure what South Africa brings to the table. It is bankrupt due to the ANC corruption and state capture and its PPP (Private Publics Partnership) fascist fleecing mechanism.
A word about sanctions. If you sanction a weak nation like Cuba, you'll impoverish them. If you sanction a more robust yet still developing nation like Iran, you'll slow them down, but you'll also create more favourable conditions for the competition (like China) who can negotiate better terms for trade and investment.
If you sanction a nation like Russia, which has an abundance of natural resources and the skills to turn them into needed products, you'll actually be helping them out. The reason is simple. Sanctions have the same effect as tariffs, but without the unwelcome political consequences because it's not the government that's making it hard to obtain foreign inputs. On the contrary, the magnitude and hypocrisy of western sanctions only serves to strengthen national resolve and impel the search for domestic replacements. This is all the more true if those sanction don't appear to be ending any time soon. Investing in replacements is a big front-end cost, but if you make it obvious that trade won't be resuming, then that bullet will be bitten and the replacements will appear. This has already happened with jet engines, pushing Pratt & Whitney out of the game altogether, and it's happening across the board with machine tools, heavy equipment (Kamaz) electronics and a host of other technologies. Likewise, the agricultural sector has been given a big leg up by not having to compete with imports. Russia at this point is effectively an Autarky. What little they do need to import is readily available from such friendly nations as China, Brazil and India.
We've all been there right? Where you had to get something done and no help was available? Getting to be the norm where I live - backlogged, booked up, short handed etc. Try and get parts for Volvo trucks for instance. I don't think Russians have any problems getting Kamaz parts.
Non of Russia's strange military and monetary moves will make sense unless one has some background information on the Russian leadership. I suggest people watch this whole video, however , the important bit starts at 3:14 .
“The Russian economy is very stable, but at the same time it is completely inefficient”
Here's a good example of empty speech. How can inefficient economy ever be called stable? I mean, yes it can, but why?
If its inefficient then Id say it is broken and functioning poorly. In a stable manner, ja? Lolz
And especially in the situation of Russia.
What are all those abundant resources and manpower for if not for having a strong sovereign economy and industry? For jewish oligarchs?
///devilish laughter, crows cawing in the distance///
In the US unemployment statistics are based on residents who are already in the labor force, so those who have given up looking for a job are not counted as being unemployed.🤔
'Facts are stubborn things, but statistics are pliable.” Mark Twain
Getting back to the high cost of purchasing native pink salmon, as everyone needs a powerful daily dose of Omega 3-- at a fair price, that is.
In any event, I just happened to see Jeffrey Sachs on The Duran YouTube channel the other day. Interestingly enough, he was surprised the 1991 dissolution of the Soviet Union was going to have a disastrous effect on the economic lives of workers. He was convinced Clinton and his ghoulish coterie were going to bailout the Kremlin. I guess, it never dawned on Mr. Harvard that Russia is only seen by international financiers as a place to harvest and extract trillions in untapped natural resources.🤑
It doesn't make sense why Russia needs to convert to dollars to buy chips and machine stuff. They have China where they can trade oil for those things, not needing to go through currency exchanges.
It seems like there's a lot of skimming by the banks in Russia, just like the West does.
Inflation is being driven by cheap money buying up commodities, but they pretend like it's a result of con-vid.
BTW, in the US, we had huge inflation since 00s. Funny how the media ignores the huge increase in real estate/housing, education, and healthcare costs.
They cry about gas prices and food instead....
This sounds ominous: "The fact is that through the efforts of the “privatizers” who now wear the mask of system liberals, we completely destroyed more than 33,000 large and medium-sized factories in the 90s. And now machine tool building and mechanical engineering are absent in Russia."
Looks like Russia is de-industrializing with China benefiting from these insane policies.
Are they serious predicting 3% or even 6% inflation is disaster. Here in Ukrcanada west food is from 10% up to 35% higher, rents have skyrocketed- if you can find anything, homes are completely u affordable, & immigration is 400,000 yr with 10000's... citizens living in tents. Try finding a doctor, let alone hospital care. MAIDS is our Healthcare, (medically assisted suicide by Rx). Possesion of deadly addictive drugs are quite legal under 2.5 grams for self suicide. Fuel is taxed to the max, their is zero public transportation west of Ontario, no buses, unaffordable (tourist train system), so you drive fly walk or starve. Of course official government inflation rates are complete 🐂💩.. You don't know what you had, until it's gone forever.
Economics is a pseudo science. At best , it is simple math.
No matter what machinations go on between capitalists, the working class always gets fucked.
If you want economic justice, NEVER ALLOW ANYONE TO REPRESENT YOU.
Thanks, Riley. A nice sampling right across the (acceptable-within-the-Overton-window) Russian political spectrum.
the US Presidential race featuring candidates pandering to Israel...who will bow down the fastest?... https://www.bitchute.com/video/fAPmK3fPLTEa/
https://identitydixie.com/2023/07/20/the-julius-caesar-solution/
Julius Caesar, the murdered god, drained the swamp over 2000 years ago
And now for something completely different - nice to see universally banned Michael Yeadon being pretty opened about clot shots on Youtube:
https://www.youtube.com/watch?v=D5b8FB1FhY0
Excellent.
"The last paragraph about a future BRICS currency is interesting—we will have to wait and see what happens with that at the upcoming summit in South Africa. Who knows?"
They are hedging their bets. Ramaphosa is ex CIA and is still connected. He is playing both sides. A scoundrel of note.
I do hope they get rid of the dollar, but I am not sure what South Africa brings to the table. It is bankrupt due to the ANC corruption and state capture and its PPP (Private Publics Partnership) fascist fleecing mechanism.
Gamarjoba!
A word about sanctions. If you sanction a weak nation like Cuba, you'll impoverish them. If you sanction a more robust yet still developing nation like Iran, you'll slow them down, but you'll also create more favourable conditions for the competition (like China) who can negotiate better terms for trade and investment.
If you sanction a nation like Russia, which has an abundance of natural resources and the skills to turn them into needed products, you'll actually be helping them out. The reason is simple. Sanctions have the same effect as tariffs, but without the unwelcome political consequences because it's not the government that's making it hard to obtain foreign inputs. On the contrary, the magnitude and hypocrisy of western sanctions only serves to strengthen national resolve and impel the search for domestic replacements. This is all the more true if those sanction don't appear to be ending any time soon. Investing in replacements is a big front-end cost, but if you make it obvious that trade won't be resuming, then that bullet will be bitten and the replacements will appear. This has already happened with jet engines, pushing Pratt & Whitney out of the game altogether, and it's happening across the board with machine tools, heavy equipment (Kamaz) electronics and a host of other technologies. Likewise, the agricultural sector has been given a big leg up by not having to compete with imports. Russia at this point is effectively an Autarky. What little they do need to import is readily available from such friendly nations as China, Brazil and India.
We've all been there right? Where you had to get something done and no help was available? Getting to be the norm where I live - backlogged, booked up, short handed etc. Try and get parts for Volvo trucks for instance. I don't think Russians have any problems getting Kamaz parts.
Speaking of Kamaz:
https://www.youtube.com/watch?v=dzTAPY4uEYE
https://www.youtube.com/watch?v=pVlfWbDyhm8
Hey, after the Fed is finished fixing the US, we'll send 'em your way.
Too negative, always negative, no hope, doom and gloom reporting, Riley
Non of Russia's strange military and monetary moves will make sense unless one has some background information on the Russian leadership. I suggest people watch this whole video, however , the important bit starts at 3:14 .
https://rumble.com/embed/v2wmv0k/?pub=jj93z