Gold is overrated. Fossil fuels are overrated. Technology matters. Look at Tesla, Apple, Amazon. Each company is multiple times more worth than entire Russo gold reserves. Russian living standard shrunk by 1/3 in Q1, Gdp this year expected to be -12 percent, inflation 23 percent. That’s official figure. No the Russians won’t have money to buy Huawei phones.
Russian population shrinks, last year by almost one million. This war will accelerate the trend. If people see themselves no future there will be less kids. I expect Putin will become desperate and allow chinese settlers in Far East.
www.euronews.com
Not just Russia but Europe as a whole will have issues we can expect approximately 2/3 impact in the Euro Zone. If this turns into a long term hot zone and meat grinder it’ll have more of an effect.
EU's population will plummet by millions more than expected: study
The population of the EU could drop to 308 million by the end of the century, a new study has predicted.
