The state of the world's debt, you want to see this!!!!
- Thread starter kilor
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You know what Russia's Debt to GDP ratio is?
No wonder west is mad at them smi(&%.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
No wonder west is mad at them smi(&%.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
true
In 2020, the national debt of Russia amounted to about 19.28 percent of gross domestic product.
Yup its food for thought isn't it...lol.
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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.
I heard in a podcast that in 2022 they are still debt free but have not found any sources for 2022
https://www.themoscowtimes.com/2019/09/11/russias-net-public-debt-falls-to-zero-a67238
Like i said Russia will be the new leading country in the world based on ppp for their citzens if you take out singapore,netherland,qatar,Brunei
https://www.themoscowtimes.com/2019/09/11/russias-net-public-debt-falls-to-zero-a67238
Like i said Russia will be the new leading country in the world based on ppp for their citzens if you take out singapore,netherland,qatar,Brunei
Very interesting data. I wish someone could make a similar schema measuring the ease to get a loan. It's much easier for Japan to get a loan than it is for Albania...
That is very perceptive. That graph is very powerful, but it is not the entire story. Not by far. Judging by the center ring, Japan should be an economic basket case. Yet, Japan has a far more powerful and resilient economy than all the nations in the outer ring, which all have very low debt. Why? Because Japan has everything that those nations lack. Most of that is quite obvious -- and I lack the time to get into it.
For the same reason, that is exactly why all the people here that claim that Russia will be the next economic powerhouse are so very wrong. Now, Russia could be a top economic powerhouse. It has an educated, resilient people and vast natural resources. But, for as long as long as it remains a corrupt aggressive kleptocracy with an authoritarian ruler, it will remain far below its economic potential. For example, it ranks as the 127th most corrupt county on earth. Russia will never change until the people of Russia demand change.
BTW: Studies have shown that GDP growth decreases by an average of about 30% when government debt exceeds 90% of an economy. For example, ever since the US national debt exceeded 90% of GDP in 2010, inflation-adjusted average GDP growth has been 33% below the average from 1960”“2009, a period that included eight recessions. So, most Western nations are on a very poor trajectory, having exceeded that threshold. But they still possess many advantages, including diverse economies. Their problem are their confiscatory, ever more socialist, welfare states that drive talent away from their shores.
https://schiffgold.com/key-gold-news/government-debt-retards-economic-growth/
actualy you are wrong.......russia did everything perfectly for the transformation for its people other than the rest of the world.
Maybe first check how they secured their funds and after that compare it to low western standards where people will get rekkt.
A) Russia (and China!) heavily invested in gold.
B) Sovereign funds like Norway and others, invested almost exclusively in financial markets - that crashed.
C) Corruption index is based on perception - western EUSSR countries still think they are an exception; after seeing what happened with eu and AstraZeneca and Pfizer, I strongly believe eu is corrupted af and the 1.5 trillions pandemic relief will be a huge decant from taxpayers pockets to politicians pockets.
B) Sovereign funds like Norway and others, invested almost exclusively in financial markets - that crashed.
C) Corruption index is based on perception - western EUSSR countries still think they are an exception; after seeing what happened with eu and AstraZeneca and Pfizer, I strongly believe eu is corrupted af and the 1.5 trillions pandemic relief will be a huge decant from taxpayers pockets to politicians pockets.
Good for you.
Btw, China detached from the financial markets in USA, that's an interesting fact that says a lot about new dragon's economy route.
Russia even invested with their pension funds into gold.What have western people ?Promises with no backing.
You don't understand economic at all and clearly have no clue about the transformation.
You would love to have in a few years a strong currency like RUB.
The ukraine conflict is clearly destroying the EU and EUR.
Its just takes a bit of time till people will see the result of the sanctions and its massiv inflation it will cause.
I also talked last week with somebody working in a known bank and they are preparing in east europe for the first virtual money to be implemented by central banks.
Last edited: Mar 2, 2022
What's your point? An undervalued currency is a problem in an importing economy. As per another post, Russians got gas, oil, all minerals, food and water. Are one of those who thinks futures will keep you warm in winter and derivatives can be cooked?
I don't think Russia will turn off the gas.
2 hourse ago:
https://sputniknews.com/20220302/kr...frastructure-ready-to-operate-1093514525.html
”žCurrent orders for the pumping of Russian gas through Ukraine are amounted to 107.33 million cubic meters, close to the maximum contractual obligations for Gazprom (which average about 109 million cubic meters per day).“
”žData shows that the pumping of Russian gas through the Ukrainian gas transit system has grown sharply since Thursday, when Russia kicked off its “special military operation” in Ukraine aimed at “demilitarizing” and “denazifying” the country.“
https://sputniknews.com/20220227/ru...s-via-ukraine-in-regular-mode-1093418875.html
Last edited: Mar 2, 2022
2 hourse ago:
https://sputniknews.com/20220302/kr...frastructure-ready-to-operate-1093514525.html
”žCurrent orders for the pumping of Russian gas through Ukraine are amounted to 107.33 million cubic meters, close to the maximum contractual obligations for Gazprom (which average about 109 million cubic meters per day).“
”žData shows that the pumping of Russian gas through the Ukrainian gas transit system has grown sharply since Thursday, when Russia kicked off its “special military operation” in Ukraine aimed at “demilitarizing” and “denazifying” the country.“
https://sputniknews.com/20220227/ru...s-via-ukraine-in-regular-mode-1093418875.html
Last edited: Mar 2, 2022
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