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They destroyed their own economy for no good reason, why wouldn't they blow up their own pipeline too? Very little makes sense with regards to Russia's belliger

They destroyed their own economy for no good reason, why wouldn't they blow up their own pipeline too? Very little makes sense with regards to Russia's belligerent actions.

kypro 3y ago
"Destroyed" is far too strong. Their economy is doing fine all things considered.
- leptons 3y ago
  https://www.google.com/search?q=price+of+ruble https://www.google.com/search?q=price+of+ruble Hit the "Max" tab.
- somenameforme 3y ago
  All things considered? Their economy is doing much better than the majority of Europe. [1] Austria = 0.4, Canada = 1.7, France = 0.8, Germany = (-0.3), Sweden (-0.5), Switzerland 0.8, Italy = 1.1, etc. The overall growth rate in Europe is 0.6. Russia is at 1.5%. And Wiki is somewhat outdated. Their 2nd quarter growth has been published, and it's now up to 4.9%. IMO we're currently looking at a major inflection point in history, yet so many have no idea of what's happening. In the USSR there were two major state newspapers, pravda (meaning truth) and novosti (meaning news). A USSR era joke was, "Why do we have two newspapers, truth and news? Well that's because there's no truth in the news, and no news in the truth." [1] - https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
  - kypro 3y ago
    I added the "all things considered" because someone would inevitably come along and suggest that they could be doing better had they not invaded. It's much harder to disagree with the statement I made while also still making the point I wanted to make. But yeah, I agree with you. Russia's economy is looking very robust right now when compared to many major European economies.
  - leptons 3y ago
    The fact is the Ruble has been in steady decline. https://www.google.com/search?q=price+of+ruble https://www.google.com/search?q=price+of+ruble Hit the "Max" tab. If that isn't what destroying their economy looks like, then maybe you need to take a another look. The economy of Europe will recover, Russia's will not. The price of the Euro is very stable and increasing. https://www.google.com/search?q=price+of+euro https://www.google.com/search?q=price+of+euro Germany, France, and the UK all have larger economies than Russia. Germany was 2x that of Russia's and is far smaller in geographic area. https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/ https://www.statista.com/statistics/268173/countries-with-th... >The overall growth rate in Europe is 0.6. Russia is at 1.5%. According to who?? Putin? I guess if you're hitting rock bottom, there's no place to go but up? Thanks but I'll put my money in Euros before I put it into Rubles.
    - somenameforme 3y ago
      The data on Wiki is from the IMF. [1] Incidentally it's also outdated there. The recent changes continue to trend in the same direction. They're reporting Russia's growth as 2.2% while Germany's down to -0.5%. Interestingly Russia is now growing even faster than the US as well. It's definitely true that Russia's currency is currently weakening, but the reason this is a threat is not because that in and of itself, but rather knock-on effects. A big one is inflation. And Russia is absolutely seeing rapidly increasing inflation right now [2], but it remains to see if that starts hitting threatening levels. In the current state of the world I think putting your money in any currency is absurdly risky, with very little hope for meaningful returns. It's the reason even US treasuries are paying out such high interest rates. As always, it seems the only real hedge is "real" things - precious metals, real estate, and so on. [1] - https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/... [2] - https://tradingeconomics.com/russia/inflation-cpi https://tradingeconomics.com/russia/inflation-cpi
      - leptons 3y ago
        Russia is a pariah state, sanctioned and with more sanctions coming. Yes, the sanctions are working - they take time, and the fall of the ruble absolutely shows this. The ruble has done nothing but drop over time. The Euro and the Dollar fluctuate but are not in the shitter like the ruble is. The more war that russia wants to wage, the lower their currency will fall and the rest of the civilized world turns their back to russia. And nobody should believe that russia's growth is "2.2%" when they lie about everything and anything, including the state of their economy.

They destroyed their own economy for no good reason, why wouldn't they blow up their own pipeline too? Very little makes sense with regards to Russia's belligerent actions.

kypro 3y ago

"Destroyed" is far too strong. Their economy is doing fine all things considered.

leptons 3y ago
https://www.google.com/search?q=price+of+ruble https://www.google.com/search?q=price+of+ruble Hit the "Max" tab.
somenameforme 3y ago
All things considered? Their economy is doing much better than the majority of Europe. [1] Austria = 0.4, Canada = 1.7, France = 0.8, Germany = (-0.3), Sweden (-0.5), Switzerland 0.8, Italy = 1.1, etc. The overall growth rate in Europe is 0.6. Russia is at 1.5%. And Wiki is somewhat outdated. Their 2nd quarter growth has been published, and it's now up to 4.9%. IMO we're currently looking at a major inflection point in history, yet so many have no idea of what's happening. In the USSR there were two major state newspapers, pravda (meaning truth) and novosti (meaning news). A USSR era joke was, "Why do we have two newspapers, truth and news? Well that's because there's no truth in the news, and no news in the truth." [1] - https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_growth_rate https://en.wikipedia.org/wiki/List_of_countries_by_real_GDP_...
- kypro 3y ago
  I added the "all things considered" because someone would inevitably come along and suggest that they could be doing better had they not invaded. It's much harder to disagree with the statement I made while also still making the point I wanted to make. But yeah, I agree with you. Russia's economy is looking very robust right now when compared to many major European economies.
- leptons 3y ago
  The fact is the Ruble has been in steady decline. https://www.google.com/search?q=price+of+ruble https://www.google.com/search?q=price+of+ruble Hit the "Max" tab. If that isn't what destroying their economy looks like, then maybe you need to take a another look. The economy of Europe will recover, Russia's will not. The price of the Euro is very stable and increasing. https://www.google.com/search?q=price+of+euro https://www.google.com/search?q=price+of+euro Germany, France, and the UK all have larger economies than Russia. Germany was 2x that of Russia's and is far smaller in geographic area. https://www.statista.com/statistics/268173/countries-with-the-largest-gross-domestic-product-gdp/ https://www.statista.com/statistics/268173/countries-with-th... >The overall growth rate in Europe is 0.6. Russia is at 1.5%. According to who?? Putin? I guess if you're hitting rock bottom, there's no place to go but up? Thanks but I'll put my money in Euros before I put it into Rubles.
  - somenameforme 3y ago
    The data on Wiki is from the IMF. [1] Incidentally it's also outdated there. The recent changes continue to trend in the same direction. They're reporting Russia's growth as 2.2% while Germany's down to -0.5%. Interestingly Russia is now growing even faster than the US as well. It's definitely true that Russia's currency is currently weakening, but the reason this is a threat is not because that in and of itself, but rather knock-on effects. A big one is inflation. And Russia is absolutely seeing rapidly increasing inflation right now [2], but it remains to see if that starts hitting threatening levels. In the current state of the world I think putting your money in any currency is absurdly risky, with very little hope for meaningful returns. It's the reason even US treasuries are paying out such high interest rates. As always, it seems the only real hedge is "real" things - precious metals, real estate, and so on. [1] - https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/ADVEC/WEOWORLD https://www.imf.org/external/datamapper/NGDP_RPCH@WEO/OEMDC/... [2] - https://tradingeconomics.com/russia/inflation-cpi https://tradingeconomics.com/russia/inflation-cpi
    - leptons 3y ago
      Russia is a pariah state, sanctioned and with more sanctions coming. Yes, the sanctions are working - they take time, and the fall of the ruble absolutely shows this. The ruble has done nothing but drop over time. The Euro and the Dollar fluctuate but are not in the shitter like the ruble is. The more war that russia wants to wage, the lower their currency will fall and the rest of the civilized world turns their back to russia. And nobody should believe that russia's growth is "2.2%" when they lie about everything and anything, including the state of their economy.