It's not pretty for sure. He doesn't get that GDP is meaningless
yet he keeps mentioning it. He also mentions dollar strength
when although it's only strong against currencies that are based
on pure air then yep he's correct. You can't inflate your way
out of $30tril + debt
amerikkka defaulted back in 08 and it's been totally self induced.
None of this needed to happen had the proper remedies been
taken by Empty suit.
What's going on is too stupid to be anything but self manufactured
and the Great Reset is a huge if not leading part of it.
EDIT more D) but with some reality added
caucus99percent.com
Russia
If you look at Russia's economy in PPPGDP and look at the real useful output it's larger than Germany and smaller than Japan, but not by much. It's military strength is acknowledged to be second in the world, with some clear firsts in tech, e.g. hypersonic. It's the largest country, by far with the greatest resources. Want gas, oil, wheat, aluminum, titanium, fertilizer, etc, better talk to Russia. No nation has as good a relations with as many diverse non-western nations. Xi and Putin are brothers in their global outlooks. I think that Russia plays a critical role in global politics and it will only get larger. Look at what Russia is going to do to Europe this Fall and Winter.
The fossil fuel economy issue is a fallacy. It amounts to 16% of the total economy. If yoy look it up online you will get "40% of the budget". Yeah, the federal budget uses taxes on fossil fuels, which allows for an flat income tax of 13%. Eat your heart out. For that you get universal Healthcare, a college education and lots of guaranteed rights. So the statement that Russia is a gas station pretending to be a country is pure bullshit.
It's amusing to me how ineffective the "sanctions from hell" have been. But that's exactly what I would have predicted. The Ruble is the best performing currency in the world. In June Russia had Deflation, and it's expected to continue through July and August. The economy is picking up pace with increased loans to business. How is this going to work out as the West crashes? Russia spent 8 years decoupling from the US and Europe. They did a good job.
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