SuburbanFarmer wrote: Thu Jun 16, 2022 10:45 am
The Conservative wrote: Thu Jun 16, 2022 10:19 am
Each time they print more money it reduces the value by a factor. (if they can at all) for starters.
Also with China and India being their biggest expoerters for oil, if one crashes and burns in a financial collapse, Russia’s income will be reduced significantly.
Russia will win short term, they will lose long term. Especially if a pro USA first president gets into office next. China is the next to get hit, and in turn Russia.
You seem to have missed the part where they’re adopting a gold standard. The currency is pegged and interchangeable with physical gold. They cannot print more of it.
That's the point. Russia can't print more of it. They are going to be forced to if they continue blowing it on the war, and expansions into other countries. The pace Russia is spending is unsustainable in the long run.
Their people are going to suffer, and aleardy are btw... They are being held back from getting food unless their fighting age population in the family aren't ready to fight when called into action. (and no, there isn't an article saying this I can find, this is what a few people in Russia told me)
There are the same games playing in the Ukraine as well. Hence the unknown percentage of deserters.
That being said, the cost of oil is technically all artificial. The futures are what is increasing the cost to such an extreme as it is now. Biden’s rhetoric and the DNC’s spending spree aren't helping either.
It takes two years for a US company to start drilling in a new spot(due to regulations) it takes five total to actually make money back. So any holes being drilled now if any are, will not see production till a new president is in place.
In the short term, Russia is going to win, they have been working on this plan for year's, this wasn't a last-minute thing on Putin’s part.
The world played into his hands.
He is going to reap a lot from the coalition he has from China and India. With their loose regulations and how the EU and UN don't demand that any of the three follow any green new programs, they are free to expand without punishment.
Only a fool would not see how all three countries have been planning this once it happened. The world was caught flat-footed because they cared more about fucking trans-rights and other bullshit than what was happening in the world’s stage.
The world can't just stop punishing Russia without now punishing India and China.
Doing so will cause more strife, but it is needed. These three will become the new Axis.