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Topic: The Russian economy is on the verge of collapse. What to expect? - page 2. (Read 489 times)

copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
I am not from Russia, but total poverty seems to be an inaccurate statement. Besides that, I would say the economy will get boosted if it comes to war. I mean, that was/is one of the tools for economy-boosting in the past. Just look at how it worked for years with their USA and their Afghanistan & Irak war. I am not sure about the accuracy of the statement that their economy is collapsing because I have been hearing that about all the other superpowers, and not much evidence behind it, but, if I would to take one clue that it might be, then war is a dead ringer for that.

I think Russian economy is not so fragile  to collapse easily when we look at its huge oil/gas reserves and their skyrocketing prices but using war to improve economy might have been a good idea in the past and many world's major powers have used it successfully  but in 2022 no civilized society can afford to support it. I think if USA decides to go in war with Russia on Ukraine issue, the world community won't stand behind USA.

https://tradingeconomics.com/russia/gdp#:~:text=GDP%20in%20Russia%20is%20expected,according%20to%20our%20econometric%20models.
legendary
Activity: 3752
Merit: 1864
I am not from Russia, but total poverty seems to be an inaccurate statement. Besides that, I would say the economy will get boosted if it comes to war. I mean, that was/is one of the tools for economy-boosting in the past. Just look at how it worked for years with their USA and their Afghanistan & Irak war. I am not sure about the accuracy of the statement that their economy is collapsing because I have been hearing that about all the other superpowers, and not much evidence behind it, but, if I would to take one clue that it might be, then war is a dead ringer for that.

Just a few indicators about modern Russia:
47% of the population spends more than 50% of their income on food.
Out of the total population...
30 million people live without running water.
48 million do not have a shower or bath at home.
49 million live without hot water.
37 million - without sewerage.
23 million without heating.
46 million people without gas.
Over the past 25 years, about 80 thousand plants and factories have been closed in Russia

Here is a selection of figures about Rossi, Google translator will easily translate
https://opsar.ru/business-online/rossiya-v-cifrah-degradaciya-rossii-sostoyanie-nashei-strany-eto.html

And here are some more figures, with specific facts, as of 2019, to observe the dynamics (we are not Russian propaganda Smiley )
https://newizv.ru/news/economy/20-01-2019/za-25-let-v-rossii-zakryty-okolo-80-tysyach-zavodov-i-fabrik?fbclid=IwAR2ZQDXnnBGLMoVMOtwE5yX7T9rGbEKe5FRU2OVAb7--PVfvRDijr6vvYbE
copper member
Activity: 1316
Merit: 715
Eloncoin.org - Mars, here we come!
Its been the same story with russia for many years now. The united states, EU, UN and NATO seek to keep russia contained. Strict economic sanctions are imposed on russia to make them dependant on china as an economic trading partner. China pretends to be russia's friend so they can get close to russia and steal all of russia's advanced military technology.

Russia rattles its saber and makes threats. Whether its russia threatening to invade sweden, russian bombers flying near to alaska, russian military ships sailing to within 30 miles of hawaii or troop build ups on ukraine's border, its all the same. So far they have all been empty threats for near to 10 years.

Whether or not that will change in the future, remains to be seen.

The EU and most european nations have weak militaries and rely primarily on the united states for safety. If american inflation rises, it could diminish the united states ability to function as global police. Which could leave many parts of the world undefended if an economic crisis occurs. If russia does attack, the best time to do so, could be in the event of an american economic crisis.

There are many pieces of the puzzle and they are all moving at the same time. Which makes it hard to say what the future will look like.

You have drawn a good picture of  current situation of Russia in the context of global economy and how Russia is using its Military might to threaten its neighbor.
We should also remember that Russia is a major Producer/Exporter of oil and gas and most of the European counties are dependent on Russia for Gas supply to keep their Industry & domestic heating system running .The continent’s energy challenges, however, go beyond the current standoff. So long as natural gas remains crucial for heating and industrial uses. This huge dependence won't allow Europe to support US stance on Ukraine.
hero member
Activity: 1414
Merit: 574
I'm becoming more and more convinced by the term 'a world of peace and quiet is a bad thing'. I'm still curious about what Russia's goal is in making the drama that's happening right now because we know this gas and oil producing country has a fairly high poverty rate when compared to other European countries.

war won't happen because russia and ukraine must have a million considerations. like the issue this time was used by manipulators to influence the crypto market and try to suppress the market. Who knows!!!

Everything is very simple. You probably know when a ruler has garbage in his head and his hands grow out of his ass, and everything in the country is stolen by the ruler's friends, and a hungry riot of a degraded population is on the horizon, WAR is needed !!! Anything can be attributed to the war - problems in the economy, divert attention from the party of kleptomaniacs, this will be the rationale for why it is impossible to hold rallies and demonstrations for human conditions of life - "WAR!!!" and "Enemies all around !!!", and as a result, "close your mouths, eat what they give you, and be silent !!!".


I did not expect that the actions taken by Russia were further from expectations, before I might have been naive in believing them because of the doctrine in childhood that as long as my country was colonized, only they provided weapons so they could defeat the invaders.  But at this time the conditions are different or the doctrine to me is wrong that Russia seems to be carrying out hasty policies only for its momentary interests and passions.  The impact is not on the government but on the people as a whole.  BTC and the crypto market have also become very caught up in one very bad policy of intervention.
legendary
Activity: 3752
Merit: 1864
I'm becoming more and more convinced by the term 'a world of peace and quiet is a bad thing'. I'm still curious about what Russia's goal is in making the drama that's happening right now because we know this gas and oil producing country has a fairly high poverty rate when compared to other European countries.

war won't happen because russia and ukraine must have a million considerations. like the issue this time was used by manipulators to influence the crypto market and try to suppress the market. Who knows!!!

Everything is very simple. You probably know when a ruler has garbage in his head and his hands grow out of his ass, and everything in the country is stolen by the ruler's friends, and a hungry riot of a degraded population is on the horizon, WAR is needed !!! Anything can be attributed to the war - problems in the economy, divert attention from the party of kleptomaniacs, this will be the rationale for why it is impossible to hold rallies and demonstrations for human conditions of life - "WAR!!!" and "Enemies all around !!!", and as a result, "close your mouths, eat what they give you, and be silent !!!".
In 2014, the Kremlin was very afraid that the Ukrainian scenario of removing thieves and criminals from power, as well as the love of freedom and the ability to fight for the freedom of the people of Ukraine, could become a fatal example for Russia! And huge funds were thrown at strangling Ukraine. There was internal sabotage, and outright betrayal, and terrorist attacks, and simply the murder of citizens of Ukraine, with the seizure of land ... Moreover, in 2014 they did not hide it, officially declaring that Russia had plans to "return" half of Ukraine to itself, and create it as a controlled cloaca called "Novorossiya". They promised to get to Kiev in 3 days, and to Lviv in 5! But as you can see, in spite of all the efforts, Russia messed up in this project, and they didn’t succeed beyond the two rotting and plundered under-republics. And the subsequent sanctions in recent years have greatly crippled the economy. The people became impoverished, the budgets were burned, the total degradation of the economy, industry, social sphere, people and morality ... What to do? Described above!
full member
Activity: 1890
Merit: 101
I'm becoming more and more convinced by the term 'a world of peace and quiet is a bad thing'. I'm still curious about what Russia's goal is in making the drama that's happening right now because we know this gas and oil producing country has a fairly high poverty rate when compared to other European countries.

war won't happen because russia and ukraine must have a million considerations. like the issue this time was used by manipulators to influence the crypto market and try to suppress the market. Who knows!!!
full member
Activity: 2142
Merit: 183
I am not from Russia, but total poverty seems to be an inaccurate statement. Besides that, I would say the economy will get boosted if it comes to war. I mean, that was/is one of the tools for economy-boosting in the past. Just look at how it worked for years with their USA and their Afghanistan & Irak war. I am not sure about the accuracy of the statement that their economy is collapsing because I have been hearing that about all the other superpowers, and not much evidence behind it, but, if I would to take one clue that it might be, then war is a dead ringer for that.
It is unlikely that in this situation, preparations for a war with Ukraine can boost the Russian economy. The development of the overall military industry to also participate in the export of arms, yes, it can. But here Russia will lose a lot in economic terms in any scenario with Ukraine. In 2014, it was easy for Putin to seize part of Ukraine, since no one expected such meanness from the "brothers" of the neighboring country, and even with the reality of the capture of the Crimean peninsula, Ukrainians psychologically could not shoot at the Russians. And the possibilities of full-fledged resistance were severely limited for a number of reasons. Now the situation has changed dramatically. After the Putin government killed 15,000 Ukrainians in Ukraine, the population of Ukraine is ready to defend their land.
But most importantly, the Russian leadership is now violating all basic international norms and agreements. This not only entailed and will continue to entail adequate international economic sanctions. It will be necessary to bear responsibility for this, including material responsibility by decision of international courts. I am sure that these losses will be much greater for Russia than the apparent temporary gain from the revitalization of the military industry.
legendary
Activity: 2744
Merit: 1174
^
That's right, Russia doesn't care about NATO. Some of you may not be aware, but the pact requires each country to act if one of their allies is attacked, but id does not specify what actions should be taken.
The actions can mean a blockade, a trade embargo, sending supplies to the attacked country. People think that if a NATO member is attacked all other members will destroy the attacker, but that wouldn't be the case and Russia knows it. I bet that if they attacked Ukraine nobody would do anything. NATO is already saying that it won't do anything and Russia will make sure Ukraine doesn't become a member, just to play it safe.
legendary
Activity: 3752
Merit: 1864
I'm not from Russia but as far as I know about Russia that's not something new about Russia NATO trying to keep Russia down and on the other hand, China is trying to pretend to be Russia's friend while they are just seeking their own benefits and surly china is just somehow trying to pretend to be Russia's friend because they are in an economic war with the USA and supporting Russia and being a friend with them can help China to have another war with the USA in another field Ukraine is just another field for these countries to have another war and take advantage from it, in the other side of the story Russia is banning bitcoin and that's maybe because of their friendship with China.

NATO threatens Russia? Over the past 10 years, the number of NATO military contingents in the EU has decreased 10 times! Many structural divisions, units were disbanded ... Do you think this is a threat? Could it be that Britain is poisoning its citizens in Russia with a chemical warfare agent? Is the United States annexing territory from Canada? Is Germany waging a terrorist war in Poland? NO ! Open your eyes!
legendary
Activity: 3206
Merit: 1213
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Long back itself the economic situation of Russia isn't that good. However the economy won't explode soon, and as per my understanding now the business out of weapon sales have declined a lot. Now Russia is on the urge of taking control over Ukraine. The borders were with both the country troops even after gaining more warnings from the US and Western Nations.
hero member
Activity: 2800
Merit: 595
https://www.betcoin.ag
I never really understood what these huge nations were afraid of? I mean yes Russia has "some" power, but we all know they are economically weak and have been for nearly a decade now, in an economical war, there is no scenario where Russia could beat any of these huge nations.

When you consider technological improvements, Europe and the USA still far ahead of Russia as well, it is not even close, when you consider soldier counts, nato is still ahead. So all in all there is not a single category that Russia seems even remotely close to these nations.

So, why are they afraid of them? You could literally put embargo on Russia and kill off all the future potential threat that may come from them, because in that case they will really be in big trouble. Help from china could be good until one point but they will decline to be a pawn for china eventually and china will cut the help to a minimum in that case and Russia would be alone. These are all known facts, nothing to be afraid of here.

What about allies and new weapons of Russia? That's something to be afraid of.

Actually, the more argument for that is which superpower is going to benefit when war strikes? I don't think the EU will just approve and let the US handle all the profit. They'd have to talk money too and if they don't agree with the percentage the other will tend to go to the other side. How much did they loot in the middle east?

And then what will China benefit from the war when in fact they'd be affected if the Russia-Ukraine war finally come. Do you think they will just sit and watch when everyone already don't have ammo?

legendary
Activity: 3248
Merit: 1128
I never really understood what these huge nations were afraid of? I mean yes Russia has "some" power, but we all know they are economically weak and have been for nearly a decade now, in an economical war, there is no scenario where Russia could beat any of these huge nations.

When you consider technological improvements, Europe and the USA still far ahead of Russia as well, it is not even close, when you consider soldier counts, nato is still ahead. So all in all there is not a single category that Russia seems even remotely close to these nations.

So, why are they afraid of them? You could literally put embargo on Russia and kill off all the future potential threat that may come from them, because in that case they will really be in big trouble. Help from china could be good until one point but they will decline to be a pawn for china eventually and china will cut the help to a minimum in that case and Russia would be alone. These are all known facts, nothing to be afraid of here.
full member
Activity: 616
Merit: 161
I am not from Russia, but total poverty seems to be an inaccurate statement. Besides that, I would say the economy will get boosted if it comes to war. I mean, that was/is one of the tools for economy-boosting in the past. Just look at how it worked for years with their USA and their Afghanistan & Irak war. I am not sure about the accuracy of the statement that their economy is collapsing because I have been hearing that about all the other superpowers, and not much evidence behind it, but, if I would to take one clue that it might be, then war is a dead ringer for that.
hero member
Activity: 1694
Merit: 722
Leading Crypto Sports Betting & Casino Platform
I'm not from Russia but as far as I know about Russia that's not something new about Russia NATO trying to keep Russia down and on the other hand, China is trying to pretend to be Russia's friend while they are just seeking their own benefits and surly china is just somehow trying to pretend to be Russia's friend because they are in an economic war with the USA and supporting Russia and being a friend with them can help China to have another war with the USA in another field Ukraine is just another field for these countries to have another war and take advantage from it, in the other side of the story Russia is banning bitcoin and that's maybe because of their friendship with China.
legendary
Activity: 3752
Merit: 1864
It seems that my fears about the impact of news from Russia on the capitalization of the crypto market have come true...
On the other hand, judging by the results of the negotiations between Blinkin and Lavrov, Russia in the negotiation process, to put it mildly, was "put on the bottle", ignoring all of their hysterical demands, the situation may stabilize in the near future, and not for Russia. Sanctions have remained as they were, and it is possible that they will increase. The withdrawal of assets, I mean crypto assets, will most likely be completed in the near future, and the crypto market will return to last week's indicators. It seems to me that the withdrawal process will take 2-4 weeks, no one wants to risk having a fit, hysterical, under-furrer, so no one will wait.
legendary
Activity: 2828
Merit: 1514
First of all, I think a war with Russia by any western countries would further cripple the Russian economy, but also any country that is investing the resources for military intervention, so there is mutual benefit to let Ukraine fall by both sides. The US is the only NATO country with an economy willing to take on the burden of a war, not that they would want to, but also recognize that Russia has nukes which deter any conflict escalation.

Second point is that China will continue to be an economic partner of Russia no matter what they choose to do with Ukraine, so whatever sanctions might be placed, there is still an economic relationship with the world's second largest economy. I anticipate a crypto dip if a full invasion were to occur, just due to the uncertainty associated with a war that might breakout, with speculation of the US's involvement, but again, my thoughts are the US will not be getting involved -- they have no interest in Ukraine.
legendary
Activity: 2310
Merit: 1598
Do not die for Putin
I'm really curious about how Russians feel about the impending invasion of Ukraine.

If you ask a Cuban about how do they feel about Castro regime they will tell you "no nos podemos quejar". This is an expression that often means "we cannot complain", meaning that things are all right. However, there is an obvious double entendre on this one, meaning we cannot complain - as we are not allowed to. I think that is the state of things in Russia. "You cannot complain".

Putin touches the right buttons on the Russian cultural pride and sense of a being a superior country and it seems to work well with a large part of a population. You can be poor or you can struggle economically, but at least you are Russian and thus better. And this works until you are hungry and no longer feel superior, see Roman Empire decline, Germany after WWI, the USSR itself,...

Its also what happened in Libya. Gadafi like Putin understand how to rule a country and without him, there could be chaos and look what Libya is today?

They tried changing the leader in the country and theres a mess. And are the people there regretting? Yes.  They regret listening to the destabilizers. Now people are sellling kids for food, slavery in the country is rampant.


US is in verge too. If Biden wouldnt declare military law, people in US will shot each other, homelessness, Asian hate in the country spreads. Rob stores in daylight and all these are already is happening. Heck, even Trump would adhere!

Theyd really need to change the goverment or replace Biden with a strongman like Putin.

Dictator is not a bad word centuries ago, leaders were proud to be called Dictator centuries ago. Its only today that we have another view of this word. Who decides its bad to be a dictator?



This is a classic: things are awful, we need someone strong to take the reins or everything will sink into chaos... Adolf, Stalin, Castro, Pinochet, ... all of them would sign-off that discourse.

You know what the original Dictator terms means? It actually comes from the republican Roman times, before the empire. A dictator was designated by the Senate in time of chaos to reinstate order. The Dictator, to the difference of the consuls and other, could not be held responsible for any crime during his period.

You know what the difference is: The maximum time was 2 years. After that, no immunity and no power for the guy. As you can see, that could be a role to be proud of and legitimate. That is not the case in modern times.
legendary
Activity: 2562
Merit: 1441
Russia is not going to war. I don't think the Chinese who invested more of the lands in the US will like it. Some big businesses in US are now owned by the Chinese, they'd rather stand along by playing a long game here by improving their economy since Germany is on thier side now with thier joint project like the oil pipeline. While on the other side of the world oil prices will double, on thier side, it could be cheaper. All of them are interested in the Chinese Belt and Road too, so that might just be the strategy.



I read this only a few weeks ago:

Quote
Russia ‘very likely’ to invade Ukraine without ‘enormous sanctions’ – Schiff

Russia is “very likely” to invade Ukraine and might only be deterred by “enormous sanctions”, the chair of the US House intelligence committee said on Sunday.

Adam Schiff also said an invasion could backfire on Moscow, by drawing more countries into the Nato military alliance.

“I also think that a powerful deterrent is the understanding that if they do invade, it is going to bring Nato closer to Russia, not push it farther away,” he said.

After the California Democrat spoke, the White House said Joe Biden had spoken to the Ukrainian president, Volodymyr Zelenskiy.

Jen Psaki, the White House press secretary, said in a statement: “President Biden made clear that the United States and its allies and partners will respond decisively if Russia further invades Ukraine.”

On Twitter, Zelenskiy said: “The first international talk of the year with [Biden] proves the special nature of our relations.”

He also said the joint actions of Ukraine, the US “and partners in keeping peace in Europe, preventing further escalation, reforms, deoligarchisation were discussed. We appreciate the unwavering support of Ukraine.”

Russia has amassed around 100,000 troops near its border with Ukraine. Earlier this week, Biden told Vladimir Putin the US would impose serious sanctions if Russia attacked.

Talks are scheduled for Geneva on 9 and 10 January. But amid tensions heightened by both sides’ possession of nuclear weapons, Russia’s foreign minister, Sergei Lavrov, said that if “the west continues its aggressive line, Russia will be forced to take all necessary measures to ensure strategic balance and eliminate unacceptable threats to our security”.

Russia has for years complained about Nato encroachment. Ukraine is not a member of the alliance, which guarantees collective defence, but Nato has expanded eastwards since the fall of the Soviet Union and Kiev urgently seeks admission.

Russia invaded Ukrainian territory in 2014, annexing Crimea.

The US has supplied “small” arms to Ukraine.

On CBS’s Face the Nation, Schiff was asked what would stop Putin ordering an invasion.

“I think that it would require enormous sanctions on Russia to deter what appears to be a very likely Russian invasion of Ukraine again,” Schiff said. “And I think our allies need to be solidly on board with it. Russia needs to understand we are united in this.”

An invasion, Schiff said, would see “more Nato assets closer to Russia. [It] will have the opposite impact of what Putin is trying to achieve”.

Schiff said he had “no problem” with “going after Putin personally”, but thought “sector-sized sanctions will be the most important”.

Asked if he thought scheduled talks had any chance of averting an invasion, he said: “I fear that Putin is very likely to invade. I still frankly don’t understand the full motivation for why now he’s doing this, but he certainly appears intent on it unless we can persuade him otherwise.

“And I think nothing other than a level of sanctions that Russia has never seen will deter him, and that’s exactly what we need to do with our allies.”

https://www.theguardian.com/world/2022/jan/02/russia-invade-ukraine-enormous-sanctions-schiff


Here we have a head of US intelligence suggesting harsher economic sanctions on russia to deter invasion of ukraine.

They go on to threaten russia with NATO suggesting that invasion will give NATO incentive to crackdown harder.

I'm not certain what the numbers or statistics of these circumstances look like.

It is known that the united states provides most of NATO's funding and the economic situation of many NATO members isn't good at the moment.

I can't say whether NATO members have surplus funds to support greater military action on russia. Without introducing additional economic strain which could potentially bankrupt members of NATO.

Its anyone's guess as to how things look in real time. As to whether NATO has the funding needed to follow through on action needed to deter or contain a russian invasion.
legendary
Activity: 3654
Merit: 1165
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The silly thing is, we all know that Russia will create some excuse to attack on Ukraine all over again, and we all know that whatever excuse they come up with will be something useless to convince us, it will be something they did to have a reason. So, why even bother? I mean just attack Ukraine if you want it so much, why do they need a casus belli for it? Not like anyone would agree with them, it will be a silly thing and everyone will say it is a fake reason anyway?

They should not even attack Ukraine to begin with, that much should not even be said, let Ukraine be Ukraine and go focus on your own dictatorship, Putin has been one of the most terrible personas in the whole world for decades now, focus on getting rid of him but fair elections are impossible there anyway. It is just not a good deal for the whole world and will end terribly as usual.
hero member
Activity: 1862
Merit: 830
The Russian economy is crumbling to not just current situations but also their Pride as well. If Putin decides to attack Ukraine their remaining power will be used for their army and for the war that would not just involve Russia and Ukraine but UK, US every country that there is and might cause a world war. Their economy is crumbling, the cases are rising I do think the bank would try and stabilize their currency by selling their existing stocks but at the end it might turn extremely bad. I live in Ukraine and we are seeing back and forth funny tweets from Ukraine to Russia but at the end the situation is getting pretty serious, they are moving close to the border and i do think in this process the Russia can self destroy their economy themselves.
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