Well, folks, we are starting to see the collapse of Russia. More sanctions are kicking in, and the EU hope to end energy purchases before the year-end . Thereafter we can expect a civil war in Russia to dispose of Putin, and his henchmen.
We know that the Russian sycophants anti-westerners like the Russian bot male bride, DumbMike, Beeno99, Draad and other losers will cry...
Won't be long before Putin's support base begins to creak then weaken, an extended war will speed up his demise and any losses will be nails in his coffin. Right now the best thing for the murderer is to find an escape route......a face saving escape route, if n ot then his dictatorship is doomed.
This isn't a typical default, Russia actually has the money to pay off its debt, problem it has is that with all the banking restrictions placed on it it couldn't actually get the money to its creditors.
Yes, Stav I also saw that. It must infuriate Russia because it does not appear there is any way around this.
Instead of applying sanctions to punish countries, I would prefer the opposite.
The more Democratic a country, the more preferred trade status they get.
We can choose who we want to trade with, so Democratic countries should always trade with each other in the first instance, and just use backup suppliers if the West can't supply something.
Let other countries choose their own ideologies, but we choose who we trade with. If a country invades another country, we don't trade with them- it is that simple.
And the worse outlook for the West looks the more cards Russia hold.
In what way. Most analysts including Russian analysts are predicting Russian GDP to shrink 10%, no Western economy is predicted to come remotely near being hit that hard .
I am not going to get involved in this one. The fact is the USA is in a state of inflation and even though the trend was evident before the Russian Invasion of Ukraine and was due to Government Policy - while the Russians blame the ban on it for international banking make it impossible to settle payment of debts. Russia is an exporter of essentials like wheat, oil and gas and the fact is those are essentials for western countries to flourish economically. A shortage of luxury goods imported by Russia from the EU is not effecting the ordinary people of Russia.
As I understand the situation the West and countries in for instance those in Africa need essential oil, gas and food provided by Russia and I am not sure whether that will not ultimately lead to destruction of trade bans on Russia by devious means used by individual countries.
am not going to get involved in this one. The fact is the USA is in a state of inflation and even though the trend was evident before the Russian Invasion of Ukraine and was due to Government Policy - while the Russians blame the ban on it for international banking make it impossible to settle payment of debts.
For once what you say is mostly accurate. Inflation was already occurring in the US before the war in Ukraine, although that has also contributed too it as well. Inflation is not entirely down to Government policy though it is a major factor. There is other external factors having an effect as well and rising inflation is an issue in other western countries.
Russia is an exporter of essentials like wheat, oil and gas and the fact is those are essentials for western countries to flourish economically.
The US doesn't depend on Russian exports. Europe does to a large degree but in time can reorient itself away from Russian energy. It won't be quick and the reorientation will not be as cost effective at least short term as obtaining its energy from Russia but once that's done it will get back to growth.
A shortage of luxury goods imported by Russia from the EU is not effecting the ordinary people of Russia.
Its not just luxury goods, its stuff like computer chips, high tech components, software and services that will do the damage. This will have significant knock on effects. Russia is unlikely going to be able to maintain their domestic aviation sector, they just want have the parts to keep the aircraft maintained. Their car industry will also struggle with lack of parts. The Russian's have announced a sanction busting car, made entirely from within Russia as way of saying hey look we can endure sanctions. But when you look at the care its the most basic bare bones model, lacking features like airbags and ABS. It will also prevent Russia from manufacturing smart weapons. In Ukraine when the Ukrainians looked inside Russia guided missiles that failed to detonate, virtually all the guidance components came from the West.
As I understand the situation the West and countries in for instance
those in Africa need essential oil, gas and food provided by Russia
and I am not sure whether that will not ultimately lead to destruction
of trade bans on Russia by devious means used by individual countries.
I'm not aware that Russian food exports have been sanctioned?
Stav
Its not just luxury goods, its stuff like computer chips, high tech components, software and services that will do the damage. This will have significant knock on effects.
It is hard to accept but even the USA import those items from China.
Europe surviving and flourishing is a joke. Europe\s economy are all down and will go further down in future. The USA issue is entirely due to gross incompetence and socialist policies. Governments spending money on current expenditure by getting loans is economically self-destructive and that is the situation at present.
Ignoring of basic principles of economy - ie supply and demand determine prices - is overlooked by people who try and undermine oil nd gas production and replacing those with massive investments on green energy production is destructive and will remain so for the next 40 years without achieving the results the Greens want immediately.
The fact is that oil and gas plays a vital role in modern food production and even the USA has a serious problem - most of their fertilizers are imported from Russia, So good luck with the starvation that would result from agricultural production decline and the fact that rising prices are placing food above the affordability levels of the poor and destroy the middle class - for the Democratic Party in the USA the latter is the ideal position since the middle class is standing in the way of total control of the political scenario.
As the USA decline into a socialist economic disaster - so will Europe.
At least there are those in the West that speak the actual truth.
Former military advisor to US Military, Col MacGregor speaks to Sky News Australia.
This is what this amazing man said on the Ides Of March this year...
I salute you sir, for your integrity and honesty, plus incredible insight and knowledge.