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> China is an economic superpower. Russia is an economic backwater with nukes.* *: figures measured in russia-ostracizing western funny money
by cat199 9y ago
> China is an economic superpower. Russia is an economic backwater with nukes.*
*: figures measured in russia-ostracizing western funny money
- cm2012 9y agoThe whole world is measured against USD. Least funny money.
- cat199 9y agoor most funny money, with respect to valuing things not related to things important to the USD
- finnh 9y agoRussia's GDP is less than half that of the UK, and 1/10th that of China's. I'm pretty sure that's scale-invariant.
- cat199 9y agowhen your 'GDP' consists largely of imaginary service sector income particularly in financial services, I beg to differ..
- pwinnski 9y agoThe USD is literally the world's reserve currency, has been for many decades. Russia has repeatedly claimed this is the reason they're an economic backwater, but they're also an economic backwater in any other currency.
- cat199 9y agohttps://en.wikipedia.org/wiki/Natural_gas_by_country https://en.wikipedia.org/wiki/Natural_gas_by_country ... for starters
- seppin 9y agouse any other currency then, what's the difference?
- cat199 9y agoit's currency? if you are not the country printing the currency, you are at a disadvantage...