War in Ukraine

#35,156
#35,156
volgr said:
You guys should thank me. I and a couple other posters are basically carrying this thread's batting average.
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Hah. No one here is saying Ukraine isn't suffering heavy losses. That is expected. The MASSIVE losses of Russia is what wasn't expected and has shocked the world.

As far as your batting average? Its more like this:

 
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#35,157
#35,157
volgr said:
Anyone still arguing Russia isnt winning the economic war?
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You are completely clueless regarding even basic economics. Your trolling lacks even an iota of effort.

War will cost Russia 15 years of economic gains; UN says 'global cost-of-living crisis' worsening: Live updates

The ripple effects of Russia's audacious invasion of Ukraine will wipe out 15 years of economic gains by the end of 2023, a global banking trade group reported Wednesday.

The Institute of International Finance estimated the Russian economy will shrink by 15% this year and another 3% in 2023. Historically high oil and and natural gas prices have provided some protection from global sanctions, and the Russian central bank has raised interest rates and imposed capital controls to keep money from fleeing the country.
 
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#35,162
#35,162
MontyPython said:
You are completely clueless regarding even basic economics. Your trolling lacks even an iota of effort.

War will cost Russia 15 years of economic gains; UN says 'global cost-of-living crisis' worsening: Live updates

The ripple effects of Russia's audacious invasion of Ukraine will wipe out 15 years of economic gains by the end of 2023, a global banking trade group reported Wednesday.

The Institute of International Finance estimated the Russian economy will shrink by 15% this year and another 3% in 2023. Historically high oil and and natural gas prices have provided some protection from global sanctions, and the Russian central bank has raised interest rates and imposed capital controls to keep money from fleeing the country.
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Yet, as they have slowly released capital controls, the Ruble remains strong. Their inflation is relatively stabe. They are self sufficient in basic living commodities. They are winning the economic war.
 
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#35,164
#35,164
This is as close as you will get to an, "I was wrong" from a supporter of the severe sanctions the West placed on Russia. Of course he gives the usual anti-Russian blather so as not completely turn off Western readers who like warm cookies and milk propaganda fed to them.

The West and the rest
I can only see a single scenario in which the imposition of economic sanctions would work to our advantage: if we managed to get rid of Putin, and he is replaced by a pro-western democratic leader. That may well be the US administration's ultimate war aim, but it is a long shot. Even a military defeat of Russia would not necessary trigger a new Russian revolution. The broken network problem would persist.

Unless we cut a deal with Putin, with the removal of sanctions as a component, I see a danger of the world becoming subject to two trading blocs: the west and the rest. Supply chains will be reorganised to stay within them. Russia’s energy, wheat, metals, and rare earths will still be consumed, but not here. We keep the Big Macs.

I am not sure the west is ready to confront the consequences of its actions: persistent inflation, reduced industrial output, lower growth, and higher unemployment. To me, economic sanctions look like the last hurrah of a dysfunctional concept known as the west. The Ukraine war is a catalyst of massive de-globalisation.
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#35,165
#35,165
When will they rotate in those mythical 45 year olds Russia was supposedly so desperately enlisting?? Lulz.
 
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#35,171
#35,171
volgr said:
Yet, as they have slowly released capital controls, the Ruble remains strong. Their inflation is relatively stabe. They are self sufficient in basic living commodities. They are winning the economic war.
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Inflation at a relatively stable rate of 17% is a sign of winning an economic war? Who in the world are they going against? The 2008 Zimbabwe team? 2018 Venezuela?
Russian Inflation Jan ‘22 - 8.7%
Russian Inflation May ‘22 - 17.1%
US Inflation Jan ‘22 - 7.5%
US Inflation May ‘22 - 8.6%
 
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