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🤣 Yeah, good luck with that.
Not sure what this comment means, BRICS has been rising in membership and stability.
Westerners thinking the rest of the world can’t possibly get on without them will never stop being hilarious.
Look at Russia’s economic growth in spite of the sanctions.
There’s a world economy outside US control and it is only growing. Where do you think the inflation is coming from?
Turning tanks in a storage base into tanks destroyed in Ukraine is not economic growth, dispite what gdp would indicate.
Why not they’re consumables/disposable /s
Go read up on the percentage of the Russian GDP spent on the military then delete your comment. 😂
About 10% of gdp vs 3 to 4% pre war?
https://www.wilsoncenter.org/blog-post/russias-unprecedented-war-budget-explained
Again, even if you inflate it to 10%, that’s very clearly not a war economy. 90% of the economy isn’t oriented towards the war, and the war has practically no impact on day to day lives of the vast majority of the people.
It’s oriented towards the war, but it’s not a total war economy yet because the population wouldn’t tolerate it. It’s similar to the US at war in Vietnam, spending only got up to 8% to 10% of gdp.
That’s the thing about a war time economy, you produce one tank, and BOOM you’ve added $3.5MM to your GDP. A single SU-35? About 16MM added to GDP.
You can’t eat tanks and jets though, the labor and resources used to maintain a war footing are vast, and must be poached from other areas of the economy. The longer you maintain this posture, the more dramatic the contraction.
Gazprom posted a loss for the first time in decades. They sell one of the most profitable substances ever discovered by man and they still couldn’t turn a profit… despite how little the sanctions are impacting them, no less!
The military industry is around 6% of Russian economy, it’s not a war time economy LMFAO. By contrast, by the end of WW2, around 40% of US economy was devoted to the military. That’s what an actual war time economy looks like. It’s absolutely hilarious how people just keep parroting this nonsense without thinking about it even for a second.
The main reason for such rapid growth of Russian economy is due to the fact that decoupling from the west created a lot of economic niches to be filled. Meanwhile, the west effectively doing capital controls for Russia forced the oligarchs to invest their money domestically.
Russia is in for a harsh wakeup when the Ukrainian war ends (or in 2026 if the war is still ongoing IMO). Their economy is “looking good” right now only because it has been switched to a war economy, and the Kremlin injects tons of cash in it, but lots of it isn’t useful for the russians, it’s just getting destroyed in the war.
Also the ruble is close to a dead currency, nobody wants to trade in it any more.
I implore you to learn what a war economy actually is. Spending 6% of the GDP on military industry is not it. Here’s a starter for you https://online.norwich.edu/online/about/resource-library/cost-us-wars-then-and-now
By financial system they still mean a swift/Cips/sfms/spfs alternative?
They mean a supranational currency aimed at transforming international trade settlement that sounds very similar to the idea of Bancor that Keynes proposed. The key idea is to establish a common unit of account and clearing system for international transactions. This would prevent the dominance of national currencies in international trade, promoting a more equitable financial system that’s not dominated by the currency of any single country.
This concept would tackle persistent trade imbalances by incentivizing countries to maintain balanced trade, as excessive surpluses or deficits would incur penalties. The idea also has potential to enhance financial stability by countering speculative capital flows that often destabilized exchange rates and caused financial crises.
So that if (hopefully not when) China invades Taiwan, they won’t get hit with sanctions as bad as Russia did.
Omfg the brain rot it takes to write this.
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China has repeatedly stated that they have zero intention of invading their own island and killing their own countrymen. It’s only Americans that keep repeating this lie that China wants to invade Taiwan.
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Russia has been placed under the most comprehensive sanctions in moderns history, including the USA seizing assets in violation of established sanction rules, and Russia’s economy is growing in both absolute and globay relative terms, while Russia’s military is larger than before the SMO started and still out producing the entire Western MIC combined.
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Meanwhile, the USA has attempted to engage in economic warfare with China and has lost every single time. China continues to dominate the top ~50 hi tech research areas, continues to outpace every Western nation on all meaningful economic growth rates include financial, purchasing power, infrastructure development, etc.
There is no world outside of the USA propaganda cesspool where your comment even remotely matches reality.
Keep typing this shit up, very good use of your time.
Remember: the actions of these countries speak louder than any words.
If the actions of a country is what you’re going to judge them by, it blows my mind that you would trust literally anything the USA says about anything going on in the world.
Who said I trust the USA?
USA is the only one saying China wants to invade Taiwan and they’re the only who are saying sanctions are harming Russia.
It’s pretty easy to find direct reports from the Taiwanese government being reported?
TAIPEI, May 15 (Reuters) - China’s military has sailed and flown closer to Taiwan in recent weeks than it has before, and staged mock attacks on foreign vessels ahead of the inauguration of the island’s next president on Monday, according to Taiwanese government reports.
Most of the world agrees that:
- There is only one China
- Taiwan is a part of China
- The Communist Party of China is the legitimate recognized government of China
So what’s the problem here?
No no no that doesn’t count you see Taiwanese “government” ist just proxy of American dogs God bless
You mean China is doing military exercises in it’s own territory? Wild! I wonder if Alaska should be worried about the USA invading it. What do you think?
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Thats their goal, they want insulated within their own economic system.
