Russia’s economy is doomed

[thaibeachlovers]

Just now, RuamRudy said:

the EU itself is being threatened

LOL. Pull the other one, it's got bells on.

 

A smidgen of proof that Putin is threatening to drive at the head of a conquering army into ANY NATO country would be appropriate, and not from any MSM media either thanks.

 

BTW Putin doesn't have to invade, he can just turn the gas off for every pipeline to Europe and let them freeze, or go bankrupt paying for US gas.

[jvs]

1 hour ago, thaibeachlovers said:

LOL. Pull the other one, it's got bells on.

 

A smidgen of proof that Putin is threatening to drive at the head of a conquering army into ANY NATO country would be appropriate, and not from any MSM media either thanks.

 

BTW Putin doesn't have to invade, he can just turn the gas off for every pipeline to Europe and let them freeze, or go bankrupt paying for US gas.

Just maybe you should look into how Gazprom is doing!

Putin threatened to turn off the gas and the EU responded by buying it else where.

The Ukraine just shut down the last line,end of contract.

Europe is well prepared for this and are dealing with it and no one is freezing.

 

[3NUMBAS]

only gas to euro zone is       hungary  everywhere else doesn buy russian gas    but they may have been cut off by ukr transit pipe  

[Gweiloman]

19 hours ago, jvs said:

Just maybe you should look into how Gazprom is doing!

Putin threatened to turn off the gas and the EU responded by buying it else where.

The Ukraine just shut down the last line,end of contract.

Europe is well prepared for this and are dealing with it and no one is freezing.

 

The only reports I’ve read about Putin threatening to turn off the gas comes from western msm. He even offered to supply gas using the one still operational NS pipeline.

 

Regardless of whether Europe is prepared or not, Europeans are having to pay significantly more now for LNG from Qatar and the US. That’s just foolish. Same like ordering something from Walmart that was made in China which you could buy on Lazada at a fraction of Walmart’s price. No wonder all these “leaders” are falling, one by one lol.

[Gweiloman]

9 minutes ago, Gweiloman said:

The only reports I’ve read about Putin threatening to turn off the gas comes from western msm. He even offered to supply gas using the one still operational NS pipeline.

 

Regardless of whether Europe is prepared or not, Europeans are having to pay significantly more now for LNG from Qatar and the US. That’s just foolish. Same like ordering something from Walmart that was made in China which you could buy on Lazada at a fraction of Walmart’s price. No wonder all these “leaders” are falling, one by one lol.

Just came across this lol

 

 

[TedG]

On 1/14/2025 at 12:18 AM, thaibeachlovers said:

 

 

BTW Putin doesn't have to invade, he can just turn the gas off for every pipeline to Europe and let them freeze, or go bankrupt paying for US gas.

 

I wish Putin would turn off the gas.  This would doom the Russian economy.  

[Gweiloman]

3 hours ago, TedG said:

 

I wish Putin would turn off the gas.  This would doom the Russian economy.  

Why would Putin want to turn off the gas? That’s just stupid and Putin is anything but that. The west on the other hand is trying to stop Putin from selling Russian gas, hoping that by doing that, the Russian economy will be doomed. 3 years and tens of thousands of sanctions later, they are still hoping. Some of their economies are shrinking, the others are stagnant and Russia’s economy is growing faster than pretty much every western economy. No prizes for guessing who are the stupid ones.

[RuamRudy]

1 hour ago, Gweiloman said:

Why would Putin want to turn off the gas? That’s just stupid and Putin is anything but that. The west on the other hand is trying to stop Putin from selling Russian gas, hoping that by doing that, the Russian economy will be doomed. 3 years and tens of thousands of sanctions later, they are still hoping. Some of their economies are shrinking, the others are stagnant and Russia’s economy is growing faster than pretty much every western economy. No prizes for guessing who are the stupid ones.

 

Other than raw, unprocessed natural resources, what value added products does Russia export to the world? The reality is that the Russian economy is in free fall and their banks and teetering on the edge. 

 

Only yesterday the Duma was battling with the central bank to prevent the latter from confiscating bank balances above $13,300, but apparently the Duma lost. Already Russians are limited in the withdrawals they can make. Now if they have over 1.4 million roubles in their account it's now frozen and out of their reach. Russia is on its knees and sinking - the sooner the better. 

[VBer]

1 hour ago, RuamRudy said:

Other than raw, unprocessed natural resources, what value added products does Russia export to the world? 

Except other exports, Russia is #1 in the world in wheat export, and #1 in the world in fertilisers export

 

1 hour ago, RuamRudy said:

Only yesterday the Duma was battling with the central bank to prevent the latter from confiscating bank balances above $13,300, but apparently the Duma lost.

This is obvious fake news. Except some Ukrainian blogs, you will not find it nowhere in official sources. Banking system works normally without any problems, CB never have offered or talked about such measures.

[RuamRudy]

30 minutes ago, VBer said:

Except other exports, Russia is #1 in the world in wheat export, and #1 in the world in fertilisers export

 

So raw, unprocessed products and chicken sh!t then. Nothing with value added - the part where the real profits are realised. 

 

43 minutes ago, VBer said:

This is obvious fake news. Except some Ukrainian blogs, you will not find it nowhere in official sources.

 

Reuters has reported that the Central Bank denies the claim. If I still had a Russian bank account, I am not sure if that denial would make me more or less comfortable. 

 

https://www.reuters.com/markets/rates-bonds/russian-central-bank-dismisses-retail-deposit-freeze-rumours-2025-01-13/

 

[VBer]

18 minutes ago, RuamRudy said:

If I still had a Russian bank account, I am not sure if that denial would make me more or less comfortable. 

 

Not reading Ukrainian blogs with fake rumours certainly would make you more comfortable 

[thaibeachlovers]

1 hour ago, RuamRudy said:

So raw, unprocessed products and chicken sh!t then. Nothing with value added - the part where the real profits are realised. 

So, are you telling me that when the US exports wheat it makes it into bread and cake before doing so?

[RuamRudy]

13 minutes ago, thaibeachlovers said:

So, are you telling me that when the US exports wheat it makes it into bread and cake before doing so?

 

When I think of major US exports, wheat isn't the first thing that springs to mind. My point is that Russia doesn't add any value to these products. The value is added by the importing country. Regardless of the commodity, the value is created in its transformation from raw goods to consumer product. Russia produces no value added goods which are in demand in the rest of the world. 

[rabas]

7 hours ago, VBer said:

Not reading Ukrainian blogs with fake rumours certainly would make you more comfortable 

 

The Russian Duma is so uncomfortable that Putin might restrict Russian citizens bank accounts that members have suggested passing laws to prevent it. Even though Putin ally Central Bank head Elvira Nabiullina said they would not. Can you imagine not believing Vladimir Putin? 

 

But the cold hard truth is that no government would ever announce freezing citizens assets in advance because it would cause a nationwide bank run. 

 

WATCH Russian source video, look at their faces:  (also reported in Newsweek)

 

[jvs]

Here is more news about the russian banking system and the economy.

They are doing so well!

 

[thaibeachlovers]

20 hours ago, RuamRudy said:

 

When I think of major US exports, wheat isn't the first thing that springs to mind. My point is that Russia doesn't add any value to these products. The value is added by the importing country. Regardless of the commodity, the value is created in its transformation from raw goods to consumer product. Russia produces no value added goods which are in demand in the rest of the world. 

Your opinion would be somewhat more believable if Russia was actually collapsing , but it's not, so I know whom not to believe on that subject.

[VBer]

14 hours ago, rabas said:

The Russian Duma is so uncomfortable that Putin might restrict Russian citizens bank accounts that members have suggested passing laws to prevent it

Duma is the place where some lawmakers are able to express their opinion. However there is no freedom of speech in Russia, so the opinion cannot be against general agenda. As for constitution CB is fully independent and this guy’s offer have no chance to pass constitution court to become a law. That’s why you see faces like these, because everyone understands that this is populism from one particular person. With 21% rate CB is not popular among any part of society, so publicly poking it will bring political points, it’s the only purpose of these words.

 

Regrading freezing people’s assets, why CB should be even talking about it when they are able to print whatever amount of roubles they want? The freezing have a point from ministry of finance in case if they ran out of money. However fake-makers not bother themselves to learn how the budget works and give this “freezing” role to CB.

[3NUMBAS]

On 1/15/2025 at 2:34 AM, Gweiloman said:

Just came across this lol

 

 

Gas is ok ,there was a cold snap in U.K. but now supplies are ok

[candide]

One of the key issues for Russia's economy: Oil price

 

"Global oil prices. We expect downward oil price pressures over much of the next two years, as we expect that global oil production will grow more than global oil demand. We forecast that the Brent crude oil price will average $74 per barrel (b) in 2025, 8% less than in 2024, and then continue fall another 11% to $66/b in 2026."

https://www.eia.gov/outlooks/steo/

[mogandave]

12 minutes ago, candide said:

One of the key issues for Russia's economy: Oil price

 

"Global oil prices. We expect downward oil price pressures over much of the next two years, as we expect that global oil production will grow more than global oil demand. We forecast that the Brent crude oil price will average $74 per barrel (b) in 2025, 8% less than in 2024, and then continue fall another 11% to $66/b in 2026."

https://www.eia.gov/outlooks/steo/

Why would oil prices be coming down? 

[Gweiloman]

14 hours ago, candide said:

One of the key issues for Russia's economy: Oil price

 

"Global oil prices. We expect downward oil price pressures over much of the next two years, as we expect that global oil production will grow more than global oil demand. We forecast that the Brent crude oil price will average $74 per barrel (b) in 2025, 8% less than in 2024, and then continue fall another 11% to $66/b in 2026."

https://www.eia.gov/outlooks/steo/

They can expect whatever they like, ultimately OPEC determines the price. I doubt the Saudis will be happy with a low price.

[jvs]

1 hour ago, Gweiloman said:

They can expect whatever they like, ultimately OPEC determines the price. I doubt the Saudis will be happy with a low price.

It is Trump who is going to determine the oil prices ,remember?

Drill baby drill!

[jvs]

More bad news for russia.

 

[rabas]

20 hours ago, VBer said:

Regrading freezing people’s assets, why CB should be even talking about it when they are able to print whatever amount of roubles they want? The freezing have a point from ministry of finance in case if they ran out of money. However fake-makers not bother themselves to learn how the budget works and give this “freezing” role to CB.

 

Print away! The West will provide free ink. Best way to destroy an economy. In fact, printing Rubles is what the Russian Central Bank is desperate to avoid.

 

Problem is Russia is caught in the famous central bank's trilemma called the Impossible Trinity that says: A central bank can do any two of three possible actions, but not all three. The linked analysis explains why no matter which two Russia chooses its economy is doomed. 

 

A trilemma is a bit like being caught between a rock and a hard place in front of a Russian window. 

 

LINKS:

Full analysis: https://youtu.be/7Lg6JZEtnOk?t=36

Russia fails the impossible trinity:  https://youtu.be/7Lg6JZEtnOk?t=309