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US GDP > GDP of China + India + Pakistan + Brazil. Global reserve currency = USD. Pakistan? Ha, comeon. Now let's add in the other US allies (EU GDP is ~$16t
by adventured 5y ago
US GDP > GDP of China + India + Pakistan + Brazil.
Global reserve currency = USD.
Pakistan? Ha, comeon.
Now let's add in the other US allies (EU GDP is ~$16t-$17t, roughly equal to China; Canada and Australia both have economies larger than Russia). And we're just getting warmed up.
Most of the global economic might is with the US and its allies. Russia can be successfully smashed economically, and it'll be far easier than it was with the USSR.
- riku_iki 5y agoIt doesn't matter. What matters is that they (China + India + Pakistan + Brazil + 100 other countries) will continue buying Putin's oil.
- adventured 5y agoLike they're buying oil from Venezuela, Syria and Iran? There's five to six million barrels per day the US pulled off the market (that it can put back, and choke off Russia instead). Russia can be smashed economically, and that includes gradually choking off the potency of their energy sector (even if it can't be entirely crushed). Give the US a small bit of time to ramp production and it'll happily replace three million barrels per day of Russia's oil production at $90-$120 / barrel.
- riku_iki 5y ago> Like they're buying oil from Venezuela, Syria and Iran? I think it is different case, US says they will prosecute/sanction anyone who do business with those countries. US didn't apply such measures on Russia. In my understanding, EU is still buying Russian oil and gas and doesn't have plans of banning it.
- krageon 5y agoThe US is a mountain of debt under bad leadership. It doesn't actually create very much of value anymore and has not for years. It is very bad for such a country to lose trade relationships, because that's all it has.