US cannot finance Ukraine forever especially at $200 million a day. Ukraine depends totally on NATO and US to provide weapons and humanitarian support for its entire population during the war. The cost are only going to escalate if you add in rebuilding costs + inflation. US has enough issues...
Wars are inflationary, as we are observing today in Ukraine. To prop up Iraq/afghanistan wars, US had to depress interest rates to finance defense spending, which lead to 2008 financial crisis as housing bubble burst. The justification of lower interest rate of course was allowing China to...
Have you consider that this proxy war, US ultimate goal is also to weaken EU as well. By planting division between Ukraine/former soviet block eastern europe now part of EU against Russia, seeds of malcontent will manifest into long term confrontational economic/political division within EU...
Any proof on the 2/3 of the global economy? EU hasn't sanctioned Russia oil and gas, so much of the hubris is just bs. G7 accounts for less than 32% of global gdp in ppp, and only 36 % of global industrial production...
Are u stupid? Russia/Roscosmos built and owns half of the International Space Station and launched the first astronaut in space. They obviously have satellite reconnaissance. War is much more complicated in the battle field. Ukraine is a big country and weapon can come through many border...
Only to US bondholders. Russia willing to honor the debt, but US gov't says no. Russia keeps the US dollars as foreign reserve, but US bondholder gets screwed. Rest of the world keep doing business as usual. It's a screwed up world when debtor is prevented to pay off debts.
But the point is much of the US inflation destroying American lower income family purchasing power is self inflicted. The fed cannot reduce tariffs, raising interest rates to reduce consumer demand and aggregate purchasing power only solve half of the inflation dilemma. Tariffs is a tax on...
Any investment in India is a good idea, a developed India benefits China as well. Chinese already learned India is not a business friendly country, let softbank invest as they wish. Softbank will be bankrupt soon anyways. India armed with extra capital will actually purchase more chinese goods.
The only problem is EU member countries will not agree to most of these plans, because you are essentially building new infrastructure/higher taxes to buy more expensive energy and taking on much higher debt. Clean energy/LNG is not free, its actually very expensive, and by neglecting existing...
83 days of inflation, domestic US consumers stock crashed hard today, Dow drops 1200 pts, all consumers staple stocks drop double digits. Biden got a lot of explaning to do while sending $40 Billion for this proxy war stoking inflation around the world. 8 Trillion USD in market cap is wiped...
Ukraine is dirt poor, $3751 gdp per capital vs Russia $12, 198. Russia is not a Rich country because no fiat currency, but I wouldn't call it poor.
Greece PPP per capita $27,948 vs Russia PPP per capita $29,812
So Greece is dirt poor as well by your...
A technical default doesn't stop anybody doing business with Russia. Letter of Credit(LOC) will still be honored among trading partners, vis a vis EU gas purchases in Rubles....so very little impact on day to day activities. Russia imports will depend on financial gurantees...as long as...
When the American order brits to leave EU, euro was doomed. EU sanctions on Russian oil and gas will create hyper inflation in Euro zone and hurt Yuan export as well. Yuan eventally will have to devaluate, but Eurozone will be in deep recession for many years to come. Russia will survive...
Grow up bro, I don't care about Chinese government blah blah and Australian blah blah. Canadians care about issues in US because of NAFTA and NORAD. Issue in US almost always affects Canada eventually. Please stop pretending you can speak on behalf of American mother without baby formula...
There's too much assumption in your thread pretending the US problems are the same as Australian issues 5 years ago. How do you know US needs new production line when its a recall issue? Canada also has excess manufacturing capacity and CSA can be imported into US. Another unique issue for...
Too many excuses about yada yada and blaming everyone else for today's problem on blah blah blah. US can print 40 billion US dollars to pay off all the defense companies, but can't get baby formula to newborn mothers. What a great country US has become.