@@bencas9288 What missiles did Ukraine put on their border? Russia forced Ukraine to give up all it's arms, including nuclear. And then reneged on their agreement to never invade Ukraine. Russian lies.
@@user-uf3ur6cj3u when nato decided to expand into Eastern Europe Poland etc . Poland now had NATO missile closer to Russia then when NATO wanted the same for Ukraine . It would be like Mexico putting Russian missiles on its border. It was literally the reason for the Cuban missile crisis. Your rockets to close to my border
@@bencas9288And those countries willingly joined NATO, unlike Russia that keep assert their military on their neighbours. Quit your nonsense, you ruskie ilk.
There is a video of him hearing reports from Kursk. His face while listening is PRICELESS. I've never seen him so unhinged. He looks like he is suffering from acid reflux, and a terrible fart that he is holding back. Joe Broes video he just released shows it. Definitely recommend it. I love how when Ukraine pulled the same stunt Russia did with invading the undefended front. They lost way less men for the same gains basically. Tons of Russians buckled, and surrundered. Chechen troops just straight up ran at first signs of trouble.
Anyone notice how calm Gerasimov looked when lying to Putin about the Kursk sitch? Lol. Maybe that's why Putin is so twitchy in that video. He can feel the breeze from the window...
The majority of Russian people support Putin (But not as much as the Election Result!), it is ordinary Russians who are carrying out the atrocities in Ukraine, a "lacking" silent minority of Russians only think the war is indefensible, so my sympathies are with Ukraine only, Russia can take a running jump into the abyss!?!
Joe, excellent analysis. Despite full employment and high wages, non-military products are vanishing. Factories that once produce big ticket, durable goods are producing war products that are single use and perishable. Much like the world going into WW2, the pre-war models were produced for more than a decade with little or no improvements. In the case of Russian factories, functioning prewar machinery and trained, commercial industry workers may not exist at war's end. If and when sanctions end, Russia's foreign reserves will be insufficient to import sufficient quantities of essential products. Unlike WW2, there will be no Marshall Plan, no foreign aid, and limited concern for Russia's future after the fighting ends.
The not so dirty little secret is that Russia has never produced anything that anyone wanted to buy. They offer some natural resources and that's it. I had several friends who never bought a single Russian consumer product. Diapers were scratchy and fell apart, toilet paper was like sand, makeup smeare din blobs, appliances rarely lasted longer than a few months, not one Russian company "went global".
I dunno about no concern - I think the huge amount of nukes means the rest of the world is very invested in preventing complete chaos within Russia (and the amount of rogue actors that would acquire nuclear weapons as a result)
More land means more men to maintain. I don't think Ukraine will go further than their original border. Russia in the other hand can suck on their wasteland, they can hardly maintain what's outside their two cities anyway.
They are working on their newly made 2000 year old map that prove that all land up to the urals is chinese. But they don't need any living russins living in Siberia.....
Ukraine isn't going to annex the western half of Russia. The russian territory they're occupying right now only serves the purpose of leverage during negotiations.
2020 russia 2nd strongest army in the world 2022 russia 2nd strongest army in Ukraine 2024 russia 2nd strongest army in russia 2026 russia chinese province
It shouldn’t even be the nation that it is. More than half of their territories would be better off independent, the only purpose they serve is to supply Moscow with goods and manpower. Culturally they couldn’t be any more dissimilar to Muscovites.
Rofl guys, you live in alternate reality. 6 months ago, if US congress didn't raise the debt limit, US would have been paralyzed, no way to pay anyone. US can't survive by its own. I live in France and our debt is 3 thousand billions, we can't survive on our own. Russia has none debt, we are way closer from collapse than Russia, stop swallowing stupid propaganda on youtube and put your brain in ON mode. The future is Russia, China, while the occident is cooked, the day when we will have to pay the debt, it will be over.
FYI - Coke is a grey, hard, and porous coal-based fuel with a high carbon content.Made by heating coal or oil in the absence of air. Coke is an important industrial product, used mainly in iron ore smelting, but also as a fuel in stoves and forges.
He says as the ship has already hit the seabed because everyone relaying the information has either been bribed to shut up or is just too incompetent to relay it 🤣
"Russia is expecting to grow by 3.2%, therefore it's doing better than US." Even if that was true, it's easy to have higher GDP% growth when your economy is smaller than single US state. Albanian economy is forecast to grow by 3.3% so I guess they are the next world superpower.
It’s ironic that most leading politicians continually demand GDP growth, but most people don’t appreciate that war, disease and RTA’s all boost GDP. Do we actually want more war, disease and RTA’s? 🤔
If the stuff you make has no market value, it only has assigned value. I could make a painting and claim it’s much better than anything Picasso made and state that I wouldn’t sell it for less than 50 million Euros. However, I haven’t earned that unless I find someone stupid enough to pay that kind of money
Russia will start seeing bigger problems long before the NWF runs out. Sort of like, if you're renting an apartment with a stable $2000 in your bank account. Then the landlord suddenly hikes up your rent by 20%. You're going to be a lot more conscious of whether you buy the premium brand groceries or the cheaper ones, or outright skipping some items, once you see your bank account balance starting to dip more and more below $1000 at the end of every month
Focus on the war economy makes infrastructure goes to heck. Food? Railroad? Power? Flooding? Russia short term problems may catch up before the long-term economic issues.
Latest “unnamed source” inside Russia’s transportation ministry is that the Russian rail network is facing crippling shortages due to a lack of parts, mostly ball bearings. Doubt the situation is actually at “imminent collapse” levels, but if it’s even halfway as bad then it can only be good for Ukraine.
Putin has one more year to live, at the most. Russia is falling at an exponential rate, and those around Putin will very likely use a Russian style solution for the problem. Just a wild guess.
If the West is smart they will step in and assist Russia's brightest who oppose Putin and support Ukraine 🇺🇦 but currently find themselves trapped in 'no man's land. Yes, I'm thinking about our You Tube friend Konstantin... for "Inside Russia". 😊 That chap is a gem. 🙏 and whichever country ends up with him has a real prize. 🇺🇸 Especially after Putin falls.
@@dianapennepacker6854a grant for Russians with a minimum of a masters degree in science or technology…. Similar grants for any with a PHD….. or for medical degree…..
"As always, I'm thrilled by your great and solid analyses, great, and based on a solid foundation, which definitely requires a lot of work and research, thank you for that... The whole decline of the Russian economy today reminds me of that what Ronald Reagan did back then when he forced the Soviet Union to produce more and more military equipment. At some point Russia and the entire Eastern bloc will collapse... I think it will happen again, exactly as you analyzed it. Unfortunately with a lot of victims, but Russia is a regime in which human lives are nothing but numbers...
Another nice piece. One loves your sense of organization, where you start out with a careful summary of what you will be covering, then drill down into the details with supporting evidence, and finally concluding with a summary which restates what was previously addressed. It's quite impressive. Warmest compliments. Thank you, sir. :)
Thank you again for this excellent and thorough up-date. We have visited Russia twice (USSR once, Russia once to be specific). The people there were so welcoming and kind to us it is a tragedy for many who are really struggling; things can only get worse for the poor people there (in both senses). Great clip, thank you :)).
2022 ru trolls: Europe will freezzz next winter! Ouraaaa! Ouraaaaa! 2023 ru trolls: Our economy is booming! Ourraa! 2024: ru trolls: Dear "Zhang / Liu / Chen : We are more than willing to give you our (whatever) at bargain prices". oura... 2025: ru trolls: joking aside, you've got trustable dark web ForEx for my rubles?
They're still claiming Europe will freeze in the winter. Some Europeans have not yet given up hope for a white Christmas. Or at least a nice green Christmas Oak.
Just a question. If the war was to stop, do you think the ones producing weapons for the state would get dropped immediatley? I think Russia has exhausted all its war material so badly that they would need to produce tanks and other weapons for years to come. Not sure if they will have the cash for it though
Russia would like to reconstruct its equipment inventory and reserve material…. But it hasn’t got the cash or economic capability…… pre war it’s military production failed to deliver replacements for the majority of its equipment or systems……..post war it will struggle to provide butter so bullets would have to wait decades….
@@skymaster4121 Oh I’m so sorry I missed the part where Ukraine won anything in the last 6 months, that they’ve advanced a single KM in that time and the Russians are heading back to Moscow. The Storm Shadows really turned the tide😆😆😆
I find the last chart interesting, while the Military Expenditures has drastically increased, the Total Expenditures has largely stayed relatively constant. This suggests that while Military has drastically increased, EVERYTHING else has similarly drastically decreased. That doesn't bode well for the economy's overall long term prospects because that means civilian production is flat lining.
I have heard from other sources in Russia that inflation is more along the lines of 15-16%. Russia is dying, they just have not accepted it yet. Slava Ukraine!
Joe your graph does not Include crime as a category Considering russia is a cleptocracy Dark money is its own category Things such as pornography drugs extortion Anything we would include as vice
Can a nation go bankrupt? I always assumed no - they can print money which would cause inflation but they can increase taxes to prevent that. So what will happen when Russia runs out of the financial reserve?
Russia is in the pan and rotating clockwise. The railways are 3-4 days away from collapsing because they can’t get ball bearings so once that happens, all heavy industry that relies on rail will grind to a halt. That means no more new or refurbished heavy weapons or other essentials like fuel being moved to the front.
@@Stefan_Van_pellicom US secondary sanctions have put the squeeze to Chinese banks who are refusing cross border payments from Russia so no, China is not selling Russia bearings and even if they did, Chinese bearings are crap and last a quarter as long as good quality Western bearings.
The Russian parade uniforms will soon be going into the "War Disaster Musuem" The note card just below the uniform will read, "cir. 2022, Unused, Russian Three Day Kiev Parade Uniform, Rus SMO 2022.
The Russian economy still has one foot in a 19th century model when Russians just began moving away from a serf based society. Communism began their industry based economics, yet that model didn't make it past 1991. Employing developed countries' metrics is useful, but misses guaging the Kremlin's ability to modernizing and maintain central control at the same time. It's a Catch 22
If Russia is defeated at Belgorod after starting an Offensive there which is still ongoing the impact would be catastrophic. So far Ukraine continues to meet minimal resistance as it takes the War into Russia proper for the first time. No way would anyone want Rubles knowing how easy this has been for Ukraine to date and Ukraine alone to invade Russia and make no mistake this is all about taking and holding ground inside Russia *FOREVER* now. As far as the massive Russian Military presence still stuck deep inside Ukraine now deeper and more stuck than ever clearly that situation is now entirely untenable. Simply amazed that Ukraine has successfully pulled *ALL* of this off let alone no one in Europe in *ANY* capacity has shown up to help. Interesting report that it has been Russia that has been bombing Gaza I have read as well that's a new one. Ukraine isn't the only one that needed this win so does Great Britain just as clearly and right now too but just as clearly this win is yet again a Ukraine one and a Ukraine one alone #developing
Ukraine should distribute leaflets in their occupied areas to inform the people there that should this region still be Ukrainian, they do stand a chance to become citizens of the European Union, and they could earn Euros and move freely inside EUrope!!! If the message spreads, half of Russia could surrender within a few weeks.....
I doubt Ukraine really want to hold the Russian territory forever - possible but I suspect they just want their own territory back/to survive and are taking opportunities to help achieve that to the best of their abilities
What is the value of the gain from the war in terms of assets, future GDP etc for Russia if hypothetically it had it signed over. What is the prize for the war, and put in context with their current level of investment. $, lives etc. Thanks. Watched the program since you very first started. Keep going.
The "prize" (if Russia wins) is thousands of square miles of totally devastated towns, cities, and countryside, and a traumatized population that will never accept living under the yoke of a foreign dictator.
Ruskie SHILLS keep quoting GDP ,, but Russia is making tanks etc FOR Russia,,,, that is like saying I am rich because I pay myself $10,000 per hour to clean my bathroom / kitchen etc
I sit here practically holding my breath waiting for Putin's house of cards to collapse. I think it will be sudden, spectacular, and totally unexpected. I also think it will be a classic Butterfly Effect event. The smallest of things will cause a cascade of events, like an avalanche. Joe, consider doing the intro and summary while walking about your neighborhood or favorite pub or coffeehouse. Just something that crossed my mind here.
If Ukraine manage to capture and switch off the Kursk NPP Russia will be in serious trouble, the plant supplies power to a significant percentage of Russian heavy industry amongst other things.
Not sure if Ukraine would switch off the plant or not. There could be quite a bit of blowback internationally for its effect on civilians (although it would certainly be seen as a somewhat justified tit-for-tat move). Now if they use it as a bargaining chip and threaten to cut off the power in exchange for the NPP held by Russia in Ukraine…
Is it time to roll out the Orwellian quote? _"Oceania was at war with Eurasia; therefore Oceania had always been at war with Eurasia."_ I really hope not for Ukraine's sake, but it's hard to see how Putin gets his own fingers out of the live socket he plunged them into two years ago.
@joeblogs - do you ever think about doing longer form summaries consolidating more of these posts? Understand it would be a bunch of work - but personally - have been following along with these every day - but would be awesome once every couple months to get the “everything that’s going on with Russian economy” summing up the stuff from all these daily posts.
The problem facing the Multi-Nodal world (Ambassador Chas Freeman's concept) after the US Russian, US Hamas, US China wars, is that millions of fighting men get demobilized at the same time to return home to No employment, No housing, No consumer goods, No Veterans care. War time economies collapse overnight and governments, bureaucrats and politicians do not have "skill sets" needed to switch from war time rhetoric and propaganda to peace time management. Perhaps the world will go back to Analogue Electronics as an offset to the Digital dystopia being served up. The probability that Multinationals will exist in the current form or be broken up is open to conjecture. Nationalism, tribalism and xenophobic drum beating is more suited to pre-war behavior. Post-war behavior is drawing Iron Curtains around Multi-Nodal Power blocks. Orwell in 1984 succinctly describes a world in which two of the three, Oceania, EurAsia and EastAsia are at permanent war footing with each other and after 5 years or so the "Enemy" is switched, new "Allies" are made, history rewritten, propaganda newspin. I would add Africa and Latin-America and the Muslim Powerhouse to my list of a new Multi-Nodal world. Post-War reconstitution and reconstruction of World Societies is food for thought. UN relocated, ICC bringing those responsible and culpable to Justice, the Financial System reengineered and decentralized. Big Pharma, Big Agriculture, Big Oil, Big Food, Big Tech all much reduced and Multi-Nodal.
Focus must be now in education. People are not dump, but they are severely undereducated. Human brain can store more data than wikipedia. Some people just have drop of information in their head. Education must be based on science.
The concept of "military Keynesianism" has always fascintated me. It's a short term way of effectively boosting an economy because it's structural demand creating output, however, it produces nothing of long term utility for domestic consumers.
When the war ends, I don’t see these contracts ending overnight. Russia has at least a decade of rebuilding. Its military question for me is where is that money come from to rebuild these and keep these purchases going
Joe, you have frequently mentioned how Russia has a war economy. Does this mean their boost in GDP is based on "borrowed money"? That is, doesn't this mean all the Russian businesses making armaments are being paid with "money right off the printing presses"? Won't that cause extreme inflation? If so, doesn't that portend an economic collapse?
When Russia no longer have money to borrow from and to itself, yes, then there will be a collapse. Question is when, and if Russia really will go that far. They are still not there, but they use considerable more than they actually produce, so mathematics tells us at some point everything will crack and crash.
If the concern is over nukes then yes. Although pretty much every country has a vested interest in those NOT falling into the hands of warlords. I’d imagine most of the major powers would try to lock those down, even working together to ensure it.
@@cubefreak123 Nukes come into the equation. But it seems to me a post Putin factionalised Russia might have fires sparking off all over the place. At least at the moment everything seems to be contained within Ukraine. Not that that's much of a comfort to Ukraine itself.
Joe, I just heard that the Ukrainian advance is headed towards the Kursk Nuclear Power Plant. They could soon have the ability to turn it off. 49% of all the iron ore mined in Russia comes from this power district. 13.5% of all steel created in Russia is powered by this plant. Including 10% of the meat and 20% of the sugar are farmed in this power district. How bad could this affect the Russian economy???
In practical terms, they are ery far away from that plant. It is not simply just about driving there, it would be necessary to take a wide area all the way from the Ukrainian border and well beyond the powerplant to be able to secure it over time. Ukraine would need to take maybe 40 times the area they sit on now for that to be feasible. And that is a tall order. I don't think this is an objective for Ukraine. What they could do, is blasting power lines. And that I think will happen when Ukraine gain more terrain and get the time to get to it.
If Ukraine is able to get to the Kerch Nuclear power plant and they do a cold shut down on it, both short & long term economic picture comes crashing down faster then a domino chain.
The Russian army is now the second best army in Russia.
3rd!
There are:
1 the krainian army,
2 free Russian army
3 russian army
:P
🤣Great comment, and true!
As a province of China, russians are no longer allowed bikes and go karts to create an army!
That’s just by default. If any other army enters Ruzzia, Ruzzia will be third, and so on.
Wonder if Putler realizes that all that effort to invade and control Chechnya only got him a handful of cowards.
rather predictable 'guns or butter' dilemma any nation faces when it goes to war.
The dilemma is that guns for the war instead of butter for the people often lead to gun for the people…
The guns end up being pointed at you.
It makes me wonder if dictators might be bad for the economy.
Not according to Trump.
Dems want a war of attrition b/c they can’t play the Ukraine card if Ukraine is ending the war by November.
@@WayneTheSeine
Yeah but he has amply proven beyond even the faintest shadow of a doubt that he knows nothing about governance nor economics…
@@-----REDACTED----- LOL...for sure. The man is an idiot. Five bankruptsies, including a casino where the house always wins.
@@-----REDACTED----- he doesn't even know anything about golf....
Poor Russians. Not.
Thank you so much for your coverage, it's been most illuminating over the past couple of years.
There people forced to go to war by a regime who had a rival nation attempting to put missiles on their border
@@bencas9288 What missiles did Ukraine put on their border? Russia forced Ukraine to give up all it's arms, including nuclear. And then reneged on their agreement to never invade Ukraine. Russian lies.
@@user-uf3ur6cj3u when nato decided to expand into Eastern Europe Poland etc . Poland now had NATO missile closer to Russia then when NATO wanted the same for Ukraine . It would be like Mexico putting Russian missiles on its border. It was literally the reason for the Cuban missile crisis. Your rockets to close to my border
@@bencas9288you comment is illogical. Fix grammar good, caveman.
@@bencas9288And those countries willingly joined NATO, unlike Russia that keep assert their military on their neighbours. Quit your nonsense, you ruskie ilk.
Great report! That illustrates the terrible situation of the russian economy!
Putin is getting closer to slipping and falling from a high window.
🙏🙏🙏
Even though the sill is at waist height.😱
There is a video of him hearing reports from Kursk.
His face while listening is PRICELESS. I've never seen him so unhinged.
He looks like he is suffering from acid reflux, and a terrible fart that he is holding back.
Joe Broes video he just released shows it. Definitely recommend it.
I love how when Ukraine pulled the same stunt Russia did with invading the undefended front. They lost way less men for the same gains basically.
Tons of Russians buckled, and surrundered. Chechen troops just straight up ran at first signs of trouble.
Anyone notice how calm Gerasimov looked when lying to Putin about the Kursk sitch? Lol. Maybe that's why Putin is so twitchy in that video. He can feel the breeze from the window...
@@dianapennepacker6854 Yeah, I saw that vid. Looked like he was trying not to throw up, lol.
Just wait till they lose 40% of their iron ore supply when they lose Kursk.
But the Ukrainians won't need to mine the ore thanks to scrap iron left from Russia.
😂
And 9% of their food supply
This is a very good move from the Ukraine. Bargaining power is massive and if Ruzzia tries anything then they only have bad and very bad options.
Its unknown at this stage if Ukraine can even capture Kursk
When all you're doing is making things that get blown up, it's hard to get ahead. Or have enough to eat for that matter.
🥳🎊🎉 Thank you Joe, I love your channel 😍
It doesn't look like winning when a two week special operations lasts for more than two years.
Time to reckon the independence of Ukraine.
Joe, thanks for looking under the hood for all of us. Many of us care deeply for the Russian people, victims of Putin.
The majority of Russian people support Putin (But not as much as the Election Result!), it is ordinary Russians who are carrying out the atrocities in Ukraine, a "lacking" silent minority of Russians only think the war is indefensible, so my sympathies are with Ukraine only, Russia can take a running jump into the abyss!?!
Joe, excellent analysis. Despite full employment and high wages, non-military products are vanishing. Factories that once produce big ticket, durable goods are producing war products that are single use and perishable. Much like the world going into WW2, the pre-war models were produced for more than a decade with little or no improvements. In the case of Russian factories, functioning prewar machinery and trained, commercial industry workers may not exist at war's end. If and when sanctions end, Russia's foreign reserves will be insufficient to import sufficient quantities of essential products. Unlike WW2, there will be no Marshall Plan, no foreign aid, and limited concern for Russia's future after the fighting ends.
The not so dirty little secret is that Russia has never produced anything that anyone wanted to buy. They offer some natural resources and that's it. I had several friends who never bought a single Russian consumer product. Diapers were scratchy and fell apart, toilet paper was like sand, makeup smeare din blobs, appliances rarely lasted longer than a few months, not one Russian company "went global".
Very interesting. Thank you.
I dunno about no concern - I think the huge amount of nukes means the rest of the world is very invested in preventing complete chaos within Russia (and the amount of rogue actors that would acquire nuclear weapons as a result)
When Ukraine Annexes the western half of russia, what will China do to its former Manchurian Provinces? Will russia have anything left?
More land means more men to maintain. I don't think Ukraine will go further than their original border. Russia in the other hand can suck on their wasteland, they can hardly maintain what's outside their two cities anyway.
They are working on their newly made 2000 year old map that prove that all land up to the urals is chinese. But they don't need any living russins living in Siberia.....
Ukraine isn't going to annex the western half of Russia. The russian territory they're occupying right now only serves the purpose of leverage during negotiations.
The 25 or so autonomous republics within RF will all demand independence from the Federation, leaving them no organised structure.
@@jtf2dan 🤣 stop watching MSM news
2020 russia 2nd strongest army in the world
2022 russia 2nd strongest army in Ukraine
2024 russia 2nd strongest army in russia
2026 russia chinese province
russia ....who ????
It shouldn’t even be the nation that it is. More than half of their territories would be better off independent, the only purpose they serve is to supply Moscow with goods and manpower. Culturally they couldn’t be any more dissimilar to Muscovites.
Russia is a prison of nations. Lenin, 1914@@Brocuzgodlocdunfamdogson
Rofl guys, you live in alternate reality.
6 months ago, if US congress didn't raise the debt limit, US would have been paralyzed, no way to pay anyone. US can't survive by its own. I live in France and our debt is 3 thousand billions, we can't survive on our own. Russia has none debt, we are way closer from collapse than Russia, stop swallowing stupid propaganda on youtube and put your brain in ON mode.
The future is Russia, China, while the occident is cooked, the day when we will have to pay the debt, it will be over.
Slava Ukraini, from Denmark!
🇩🇰 ❤
I think repeating this hackneyed slogan as often as possible will help Ukraine quite a lot...
@@fasold2164 you mad bro?
@@HueG69 Toronto nazi identified.
@@fasold2164seething krembot. What Kursk doing? What CSTO doing? What BRICS doing?
FYI - Coke is a grey, hard, and porous coal-based fuel with a high carbon content.Made by heating coal or oil in the absence of air. Coke is an important industrial product, used mainly in iron ore smelting, but also as a fuel in stoves and forges.
Thank you. I was trying to figure out whether cocaine or Coca-Cola would make any sense to pair with petroleum in an industry analysis.
@@CosmicPlatonixdoes now
Cokes......
Comrade Putin, we're taking on water, the ship is sinking.
Putin will be sinking soon. Someone will get terrified of Ukraine's advance and decide the safest thing is to get rid of mad Vlad.
Are they Black Sea level yet ?😂
He says as the ship has already hit the seabed because everyone relaying the information has either been bribed to shut up or is just too incompetent to relay it 🤣
Don’t worry my brothers, for mother Russia I have Flexall!
Yes unemployment is at 2.9% better than Britain with no rioting😂
"Russia is expecting to grow by 3.2%, therefore it's doing better than US."
Even if that was true, it's easy to have higher GDP% growth when your economy is smaller than single US state. Albanian economy is forecast to grow by 3.3% so I guess they are the next world superpower.
It’s ironic that most leading politicians continually demand GDP growth, but most people don’t appreciate that war, disease and RTA’s all boost GDP.
Do we actually want more war, disease and RTA’s? 🤔
If you destroy all of your housing then you too can have 5-10% gdp growth. Not a smart decision though. Growth and wealth are different....
Vodka is now the best form of currency in russia
Just wait until they introduce a new 3-ply flushable Ruble. The value will bounce back up.
Vodka better than Brexit😅
@@williamalexander9485 only when you are drunk of your head
@@hawklord100 Vodka doesn’t make you broke or your supermarkets empty. You’ll be begging China just like Germany Canada and Italy
@@williamalexander9485Then why has Britain a better economy than Ruzzia? 😂😂😂
If the stuff you make has no market value, it only has assigned value. I could make a painting and claim it’s much better than anything Picasso made and state that I wouldn’t sell it for less than 50 million Euros. However, I haven’t earned that unless I find someone stupid enough to pay that kind of money
I will buy it😊
That’s exactly what Hunter Biden does.
Putin will buy it.
Though in this case, the Ruzzian state *has* been stupid enough to buy weapons, supplies, and labor for their illegal war. 🤷♂️
Exactly. You don’t value something by its cost, but what it can be sold for.
"Why war economies don't collapse.... until they do" (Powerpoint by Perun).
Russia will start seeing bigger problems long before the NWF runs out.
Sort of like, if you're renting an apartment with a stable $2000 in your bank account. Then the landlord suddenly hikes up your rent by 20%. You're going to be a lot more conscious of whether you buy the premium brand groceries or the cheaper ones, or outright skipping some items, once you see your bank account balance starting to dip more and more below $1000 at the end of every month
Thanks Joe.
🇬🇧🇬🇧🇬🇧🇺🇦🇺🇦🇺🇦
That "disastrous situation" won't come around quickly enough.
Putin is boiling soup on the same water, without add new water.
Focus on the war economy makes infrastructure goes to heck. Food? Railroad? Power? Flooding? Russia short term problems may catch up before the long-term economic issues.
It all adds up and...winter is coming
And those issues weren't doing well to begin with. Now they're abandoned.
Latest “unnamed source” inside Russia’s transportation ministry is that the Russian rail network is facing crippling shortages due to a lack of parts, mostly ball bearings.
Doubt the situation is actually at “imminent collapse” levels, but if it’s even halfway as bad then it can only be good for Ukraine.
Putin's new book, Russia: How to Ruin Your Nation's Economy as Fast as Possible
Foreword by Kim Jong Un
How to 💩 everything 🎉
Putin has one more year to live, at the most. Russia is falling at an exponential rate, and those around Putin will very likely use a Russian style solution for the problem. Just a wild guess.
Yes his Batitsky moment is approaching. Fast I think.
From here it only goes one way for Russia, russians who has some skills and dont support what they are doing, need to find a way to leave.
If the West is smart they will step in and assist Russia's brightest who oppose Putin and support Ukraine 🇺🇦 but currently find themselves trapped in 'no man's land.
Yes, I'm thinking about our You Tube friend Konstantin... for "Inside Russia". 😊 That chap is a gem. 🙏 and whichever country ends up with him has a real prize.
🇺🇸 Especially after Putin falls.
@@faithrada: Problem is most of The West’s leaders are cowards and procrastinators .
@@faithrada most of them already left when the war started, around 3 million.
Honestly putting a few billion aside to get educated/skilled Russians out would probably be a good idea.
@@dianapennepacker6854a grant for Russians with a minimum of a masters degree in science or technology…. Similar grants for any with a PHD….. or for medical degree…..
Love this channel. Thanks for your insights!❤
putin, my all-time genius for economy 🤣🤣🤣
Putin, a third-rate lawyer, strategist, weapons expert, chess master.
@@patverum9051 third-rate? soo good? 🤣
It has to walk away. The rubble is already worthless 😢❤. I know I spelled it wrong but I’m right😂
"As always, I'm thrilled by your great and solid analyses, great, and based on a solid foundation, which definitely requires a lot of work and research, thank you for that... The whole decline of the Russian economy today reminds me of that what Ronald Reagan did back then when he forced the Soviet Union to produce more and more military equipment. At some point Russia and the entire Eastern bloc will collapse... I think it will happen again, exactly as you analyzed it. Unfortunately with a lot of victims, but Russia is a regime in which human lives are nothing but numbers...
Moral of the story is that either way this war ends, Russia is screwed. Well done master strategist
Another nice piece. One loves your sense of organization, where you start out with a careful summary of what you will be covering, then drill down into the details with supporting evidence, and finally concluding with a summary which restates what was previously addressed. It's quite impressive. Warmest compliments. Thank you, sir. :)
Thank you again for this excellent and thorough up-date. We have visited Russia twice (USSR once, Russia once to be specific). The people there were so welcoming and kind to us it is a tragedy for many who are really struggling; things can only get worse for the poor people there (in both senses). Great clip, thank you :)).
Very informative, great work😉
2022 ru trolls: Europe will freezzz next winter! Ouraaaa! Ouraaaaa!
2023 ru trolls: Our economy is booming! Ourraa!
2024: ru trolls: Dear "Zhang / Liu / Chen : We are more than willing to give you our (whatever) at bargain prices". oura...
2025: ru trolls: joking aside, you've got trustable dark web ForEx for my rubles?
😂😂😂
Translate
@@philipjones9458 Of Course! Here you go:
More territory taken in 72 hours than the ru "army" in 6-months.
Troll that
2026 "Want exhange nice botfarm for good meal. Big bread accepted too. No questions asked."
They're still claiming Europe will freeze in the winter. Some Europeans have not yet given up hope for a white Christmas. Or at least a nice green Christmas Oak.
Just a question. If the war was to stop, do you think the ones producing weapons for the state would get dropped immediatley? I think Russia has exhausted all its war material so badly that they would need to produce tanks and other weapons for years to come. Not sure if they will have the cash for it though
Well no other country is buying that junk that’s for sure
Russia would like to reconstruct its equipment inventory and reserve material…. But it hasn’t got the cash or economic capability…… pre war it’s military production failed to deliver replacements for the majority of its equipment or systems……..post war it will struggle to provide butter so bullets would have to wait decades….
More great news. Thanks, it's rare!
I suppose Putin will insist that 'all is going according to plan'. This is all very sad. Fingers crossed for this audacious Ukrainian offensive.
We have smile in our face always when Pootin screws up.
In war, you spend resources to destroy the other sides resources. Nobody wins, one side just survives its loses longer than the other.
They can fix this very quickly. Get the hell out of Ukraine and focus your economy to benefit all citizens and being a good world citizen. Done.
Putin's eventual exit will make the OceanGate guy's look like peanuts.
Just a point. There are no RUSSIAN companies to take their place!! If any company does, it's Chinese; or even better, North Korean!!
The economic catastrophe in Russia that is unfolding is unimaginable.
Russia should join NATO to get protection from Ukraine
Yes they need protection from a 5 month advance. Things are going so well for Zelensky that he wants the Russians at the peace talks this time.
@@williamalexander9485oh, russian troll 😂 still trying to turn around facts any way you can? Go ahead, make us laugh 😂😂😂
Unfortunately, their armed forces aren't up to NATO standard.
@@skymaster4121 Oh I’m so sorry I missed the part where Ukraine won anything in the last 6 months, that they’ve advanced a single KM in that time and the Russians are heading back to Moscow. The Storm Shadows really turned the tide😆😆😆
Oh. very witty!
And dumb.
That is what it was like in the Soviet era everything eventually turns to crap!
I find the last chart interesting, while the Military Expenditures has drastically increased, the Total Expenditures has largely stayed relatively constant. This suggests that while Military has drastically increased, EVERYTHING else has similarly drastically decreased. That doesn't bode well for the economy's overall long term prospects because that means civilian production is flat lining.
I hate war,…ALL WAR !
Thank you
I have heard from other sources in Russia that inflation is more along the lines of 15-16%. Russia is dying, they just have not accepted it yet. Slava Ukraine!
I want that Skulptur joe
Joe your graph does not Include crime as a category Considering russia is a cleptocracy Dark money is its own category Things such as pornography drugs extortion Anything we would include as vice
Punctuation please
Basically they are burning money that will run out.
Can a nation go bankrupt? I always assumed no - they can print money which would cause inflation but they can increase taxes to prevent that. So what will happen when Russia runs out of the financial reserve?
Look to Argentina for your answer. They defaulted in the early 00s
wasted opportunity to drop a _'Coke Zero'_ joke.
Don't worry, Putin will soon discover "New Coke" and everything will be all better...
Russia is in the pan and rotating clockwise. The railways are 3-4 days away from collapsing because they can’t get ball bearings so once that happens, all heavy industry that relies on rail will grind to a halt. That means no more new or refurbished heavy weapons or other essentials like fuel being moved to the front.
China sells them all bearings they need.
@@Stefan_Van_pellicom US secondary sanctions have put the squeeze to Chinese banks who are refusing cross border payments from Russia so no, China is not selling Russia bearings and even if they did, Chinese bearings are crap and last a quarter as long as good quality Western bearings.
The Russian parade uniforms will soon be going into the "War Disaster Musuem" The note card just below the uniform will read, "cir. 2022, Unused, Russian Three Day Kiev Parade Uniform, Rus SMO 2022.
‘Believe half of what you see and none of what you hear.’ 😮
That graph at 4:00 wins the most convoluted presentation of the year award
It's not that complicated.
Sectors that grew are above 0.
Those that shrank are below.
The average is a line.
The Russian economy still has one foot in a 19th century model when Russians just began moving away from a serf based society.
Communism began their industry based economics, yet that model didn't make it past 1991.
Employing developed countries' metrics is useful, but misses guaging the Kremlin's ability to modernizing and maintain central control at the same time.
It's a Catch 22
Fellow Americans: "coke" here is actually coal, not Coca Cola.
Ukrainian Troops Are Pushing Further In Russia.
I like how your highlights on the charts. It's noticable that it has changed how your doing it. Just thought i would let you know it's appreciated.
Glory to Ukraine !!!
If Russia is defeated at Belgorod after starting an Offensive there which is still ongoing the impact would be catastrophic. So far Ukraine continues to meet minimal resistance as it takes the War into Russia proper for the first time. No way would anyone want Rubles knowing how easy this has been for Ukraine to date and Ukraine alone to invade Russia and make no mistake this is all about taking and holding ground inside Russia *FOREVER* now. As far as the massive Russian Military presence still stuck deep inside Ukraine now deeper and more stuck than ever clearly that situation is now entirely untenable. Simply amazed that Ukraine has successfully pulled *ALL* of this off let alone no one in Europe in *ANY* capacity has shown up to help. Interesting report that it has been Russia that has been bombing Gaza I have read as well that's a new one. Ukraine isn't the only one that needed this win so does Great Britain just as clearly and right now too but just as clearly this win is yet again a Ukraine one and a Ukraine one alone #developing
Ukraine should distribute leaflets in their occupied areas to inform the people there that should this region still be Ukrainian, they do stand a chance to become citizens of the European Union, and they could earn Euros and move freely inside EUrope!!!
If the message spreads, half of Russia could surrender within a few weeks.....
I doubt Ukraine really want to hold the Russian territory forever - possible but I suspect they just want their own territory back/to survive and are taking opportunities to help achieve that to the best of their abilities
They might not enjoy Stalinism as much as they thought
Russian economy is like a Cuban car , beautiful shinny 1950`s Chevrolet on the outside , under the bonnet , a clapped out old USSR Lada engine.
What is the value of the gain from the war in terms of assets, future GDP etc for Russia if hypothetically it had it signed over. What is the prize for the war, and put in context with their current level of investment. $, lives etc.
Thanks. Watched the program since you very first started. Keep going.
The "prize" (if Russia wins) is thousands of square miles of totally devastated towns, cities, and countryside, and a traumatized population that will never accept living under the yoke of a foreign dictator.
Ruzzia will do fine as region of china empire
Good charts. I'd like to see more on the damage to oil refineries since 2019
Ruskie SHILLS keep quoting GDP ,, but Russia is making tanks etc FOR Russia,,,, that is like saying I am rich because I pay myself $10,000 per hour to clean my bathroom / kitchen etc
Russia is rucked!🇺🇦
Tack!
"They're producing things to go over to Ukraine" well, that's one way of phrasing it.
Thanks Joe for the update❤❤
War destroys, the increases in GDP are being blown up every day, of course for "us" it's easier splitting the bill. Cheers Joe
Great video.
The sooner Russian TV starts broadcasting Swan Lake the better
I sit here practically holding my breath waiting for Putin's house of cards to collapse. I think it will be sudden, spectacular, and totally unexpected. I also think it will be a classic Butterfly Effect event. The smallest of things will cause a cascade of events, like an avalanche. Joe, consider doing the intro and summary while walking about your neighborhood or favorite pub or coffeehouse. Just something that crossed my mind here.
Back to the old soviet lineups. Moscow remains the Pyongyang of the Ruzzian federation.
If Ukraine manage to capture and switch off the Kursk NPP Russia will be in serious trouble, the plant supplies power to a significant percentage of Russian heavy industry amongst other things.
Not sure if Ukraine would switch off the plant or not. There could be quite a bit of blowback internationally for its effect on civilians (although it would certainly be seen as a somewhat justified tit-for-tat move).
Now if they use it as a bargaining chip and threaten to cut off the power in exchange for the NPP held by Russia in Ukraine…
The biggest expense is the money paid to the generals. The money then goes to Switzerland or the Middle East.😅😅😅
Good one Joe.
Is it time to roll out the Orwellian quote?
_"Oceania was at war with Eurasia; therefore Oceania had always been at war with Eurasia."_
I really hope not for Ukraine's sake, but it's hard to see how Putin gets his own fingers out of the live socket he plunged them into two years ago.
Those troops signing up for that high pay will either never be paid, or will be paid in worthless rubles. 🤷♀️
@joeblogs - do you ever think about doing longer form summaries consolidating more of these posts? Understand it would be a bunch of work - but personally - have been following along with these every day - but would be awesome once every couple months to get the “everything that’s going on with Russian economy” summing up the stuff from all these daily posts.
The Ukrainian special military operation in Russia will definitely not help the economy.
The problem facing the Multi-Nodal world (Ambassador Chas Freeman's concept) after the US Russian, US Hamas, US China wars, is that millions of fighting men get demobilized at the same time to return home to No employment, No housing, No consumer goods, No Veterans care. War time economies collapse overnight and governments, bureaucrats and politicians do not have "skill sets" needed to switch from war time rhetoric and propaganda to peace time management. Perhaps the world will go back to Analogue Electronics as an offset to the Digital dystopia being served up.
The probability that Multinationals will exist in the current form or be broken up is open to conjecture. Nationalism, tribalism and xenophobic drum beating is more suited to pre-war behavior. Post-war behavior is drawing Iron Curtains around Multi-Nodal Power blocks. Orwell in 1984 succinctly describes a world in which two of the three, Oceania, EurAsia and EastAsia are at permanent war footing with each other and after 5 years or so the "Enemy" is switched, new "Allies" are made, history rewritten, propaganda newspin. I would add Africa and Latin-America and the Muslim Powerhouse to my list of a new Multi-Nodal world. Post-War reconstitution and reconstruction of World Societies is food for thought. UN relocated, ICC bringing those responsible and culpable to Justice, the Financial System reengineered and decentralized. Big Pharma, Big Agriculture, Big Oil, Big Food, Big Tech all much reduced and Multi-Nodal.
Focus must be now in education. People are not dump, but they are severely undereducated. Human brain can store more data than wikipedia. Some people just have drop of information in their head. Education must be based on science.
Sorry, but I never trust ANYONE named "Chas".
The concept of "military Keynesianism" has always fascintated me. It's a short term way of effectively boosting an economy because it's structural demand creating output, however, it produces nothing of long term utility for domestic consumers.
When the war ends, I don’t see these contracts ending overnight. Russia has at least a decade of rebuilding. Its military question for me is where is that money come from to rebuild these and keep these purchases going
Joe, you have frequently mentioned how Russia has a war economy. Does this mean their boost in GDP is based on "borrowed money"? That is, doesn't this mean all the Russian businesses making armaments are being paid with "money right off the printing presses"? Won't that cause extreme inflation? If so, doesn't that portend an economic collapse?
When Russia no longer have money to borrow from and to itself, yes, then there will be a collapse. Question is when, and if Russia really will go that far. They are still not there, but they use considerable more than they actually produce, so mathematics tells us at some point everything will crack and crash.
I hope someone somewhere is preparing for a post war Russia because it sounds like it could be more chaotic and dangerous than what we have now.
If the concern is over nukes then yes. Although pretty much every country has a vested interest in those NOT falling into the hands of warlords. I’d imagine most of the major powers would try to lock those down, even working together to ensure it.
@@cubefreak123 Nukes come into the equation. But it seems to me a post Putin factionalised Russia might have fires sparking off all over the place. At least at the moment everything seems to be contained within Ukraine. Not that that's much of a comfort to Ukraine itself.
Russia should watch this channel, understand the economic consequences and stop the war …
Great clock Joe...
Hi.
Thanks, Joe.
Great content.
And always great to see you broadcast in person.
Joe, I just heard that the Ukrainian advance is headed towards the Kursk Nuclear Power Plant. They could soon have the ability to turn it off. 49% of all the iron ore mined in Russia comes from this power district. 13.5% of all steel created in Russia is powered by this plant. Including 10% of the meat and 20% of the sugar are farmed in this power district. How bad could this affect the Russian economy???
You're wrong. They are nowhere near Kursk and don't want that mess.
In practical terms, they are ery far away from that plant. It is not simply just about driving there, it would be necessary to take a wide area all the way from the Ukrainian border and well beyond the powerplant to be able to secure it over time. Ukraine would need to take maybe 40 times the area they sit on now for that to be feasible. And that is a tall order. I don't think this is an objective for Ukraine. What they could do, is blasting power lines. And that I think will happen when Ukraine gain more terrain and get the time to get to it.
If Ukraine is able to get to the Kerch Nuclear power plant and they do a cold shut down on it, both short & long term economic picture comes crashing down faster then a domino chain.
The Russians are certain to reinforce the power plant, it will be tough for Ukraine to capture it