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Started By
Message
Russia's GDP for 2023 as reported by Jim Rickards .....over 5%
Posted on 5/29/24 at 10:44 am
Posted on 5/29/24 at 10:44 am
Rickards is on War Room doing his weekly appearance talking about the Russian economy vs US economy since the beginning of the Ukraine/Russia shite show.
Russian debt to GDP is 17%
US debt to GDP is 130%
Russian unemployment is 2.4%
US unemployment is 3.7%
Projected GDP for Russia 2024 is 3.5%
Projected GDP for US 2024 is 2.2%
Ricakrds also speaks on the EU and the US working together to seize several hundred billion dollars of Russian assets to give to Ukraine, quite a bit of that money is held by private Russian citizens
BTW, Rickards is also a lawyer and says Merchan's unanimity is unconstitutional, I think he cited the 5th and maybe 15 amendments?
Russian debt to GDP is 17%
US debt to GDP is 130%
Russian unemployment is 2.4%
US unemployment is 3.7%
Projected GDP for Russia 2024 is 3.5%
Projected GDP for US 2024 is 2.2%
Ricakrds also speaks on the EU and the US working together to seize several hundred billion dollars of Russian assets to give to Ukraine, quite a bit of that money is held by private Russian citizens
BTW, Rickards is also a lawyer and says Merchan's unanimity is unconstitutional, I think he cited the 5th and maybe 15 amendments?
This post was edited on 5/29/24 at 10:46 am
17
Posted on 5/29/24 at 10:45 am to Bass Tiger
Higher than ours…
Posted on 5/29/24 at 10:49 am to LuckyTiger
quote:
Higher than ours…
Jotato tried to use banking and economic warfare to collapse the Russian economy and Jotato failed spectacularly......very reminiscent of the Afghanistan Withdrawal Debacle.
Posted on 5/29/24 at 10:49 am to Bass Tiger
quote:
In April, the International Monetary Fund (IMF) said it expects the Russian economy to grow faster than all advanced economies in 2024. Russian GDP is forecast to expand by 3.2%, exceeding the expected growth rates for the US (2.5%), the UK (0.5%), Germany (0.2%) and France (0.7%).
Great job with those sanctions, guys.
Posted on 5/29/24 at 10:50 am to Bass Tiger
quote:
hundred billion dollars of Russian assets to give to Ukraine, quite a bit of that money is held by private Russian citizens
It's pretty fricking gross.
Posted on 5/29/24 at 10:52 am to LuckyTiger
quote:
quote:In April, the International Monetary Fund (IMF) said it expects the Russian economy to grow faster than all advanced economies in 2024. Russian GDP is forecast to expand by 3.2%, exceeding the expected growth rates for the US (2.5%), the UK (0.5%), Germany (0.2%) and France (0.7%).
Let's go with those ^^^^ numbers, I was trying to draft the OP while Rickards was spitting out all his economic data.
Posted on 5/29/24 at 10:57 am to Bass Tiger
inB4 .... "you're believing Putin propaganda"
Posted on 5/29/24 at 10:58 am to Bass Tiger
I wonder how much of this is due to having a mobilized war economy. Also, how much debt will russia have to get into to make it through the war and return to a post-war economy once things settle down.
Posted on 5/29/24 at 11:02 am to Bass Tiger
quote:
US unemployment is 3.7%
Who believes this shite?
Posted on 5/29/24 at 11:03 am to LSU2a
quote:
I wonder how much of this is due to having a mobilized war economy. Also, how much debt will russia have to get into to make it through the war and return to a post-war economy once things settle down.
Don't know. I do know a nation carrying a debt to GDP of 130% for the foreseeable future is inviting a financial, banking and economic catastrophe.
Posted on 5/29/24 at 11:06 am to LSU2a
The Russians were in good shape before the war. This has more to do with fundamentals than war spending.
Posted on 5/29/24 at 11:06 am to LSU2a
quote:
According to Shatz, the Russian government spent about $353.8 billion (32.4 trillion rubles) in 2023, up from a little more than 31 trillion rubles in 2022. But those numbers far outstrip prewar levels of spending. The federal budget in 2021 was only $270 billion (24.8 trillion rubles).
"They're supporting defense industries. They're supporting employment. They're paying people bonuses to join the armed forces," Shatz said. "They're paying families for service members who are killed. They're paying service members who are wounded, who are lucky enough to get sent home."
The Kremlin has funded these outlays by increasing tax revenues, drawing down the national wealth fund, and most importantly, by borrowing. The government deficit is historically high right now, at nearly 10% of the overall budget.
Posted on 5/29/24 at 11:27 am to LuckyTiger
quote:
Higher than ours…
This is a measure of rate of change. GDP Growth
GDP per capita in Russia is 5-6x lower than USA
Actual GDP is not given in units of %; the data is presented in a agenda leading manner but what isnt these days I presume, just narrative feeding slants from both directions for virtually everything. Only people with sufficient first principles can avoid ignorance in this world. Hey, let's present this GDP growth %, but just call it "GDP", something that would make any economist roll their eyes, totally not a propagandized slant, honest.
What's next, you guys are gonna say Biden was right when he said inflation was 0 when MOM% change hit 0? Same ignorant bullshite .
ETA: At the current GDP levels, and these 2 GDP growth numbers, Russia only has about 135 years until they catch us in GDP per capita for perspective. If we are talking straight GDP and not per capita, it would take over 200 years for Russia to overtake us with their amazing economy.
This post was edited on 5/29/24 at 2:02 pm
Posted on 5/29/24 at 5:28 pm to doubleb
quote:Ours is nearly 25%
The government deficit is historically high right now, at nearly 10% of the overall budget.
Posted on 5/29/24 at 5:45 pm to doubleb
Why do you continue to post Ukraine propoganda?
The OT warriors are so pathetic
The OT warriors are so pathetic
Posted on 5/29/24 at 6:21 pm to SDVTiger
quote:
Why do you continue to post Ukraine propoganda? The OT warriors are so pathetic
I just quoted an article supporting the previous poster’s opinion. I know that irks you because you hardly ever post anything to back up your opinion.
What in the article do you disagree with?
This post was edited on 5/29/24 at 8:30 pm
Posted on 5/29/24 at 6:25 pm to Bass Tiger
quote:
quite a bit of that money is held by private Russian citizens
The weaponization of our financial system against outside capital is a horrible idea. It sets a precedent that will prevent future investment.
Posted on 5/29/24 at 7:24 pm to LSU2a
quote:
I wonder how much of this is due to having a mobilized war economy. Also, how much debt will russia have to get into to make it through the war and return to a post-war economy once things settle down.
Is Russia at war? I guess the MSM said Russia is at war. What if the MSM lied to you?
Posted on 5/29/24 at 7:26 pm to Bass Tiger
Posted on 5/29/24 at 7:28 pm to doubleb
quote:
What in the article do you disagree with?
All of it since its Ukraine propoganda. Obviously you still have Zs dong in your mouth
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