2020 Collapse

Discussion in 'Markets & Economies' started by TreasureHunter, Dec 8, 2019.

  1. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    There are alternative systems, the Chinese use them too, they’re just not as extensive nor effective.

    It doesn’t matter what Russia or China try, as long as they keep going down the autocratic path they’ll never fully prosper.
     
  2. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Still looking for the ultimate chess player.
    To take on uncle Vlad.
    All the so called scenarios you people are coming up with.
    His already covered.
    Go and watch the Russian news in Russian.
    Until then.
    I'm still looking for a chess player to take on uncle Vlad.
    ;)
     
  3. JohnnyBravo300

    JohnnyBravo300 Well-Known Member Silver Stacker

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    International trade was around long before the swift system haha. There are plenty of countries that will take dollars outside of any system or even gold. No one cares about that.
     
  4. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    The big move he can't match - democracy. The most prosperous nations on earth are politically and economically free. China is more prosperous than Russia (and it's an economic basket case) because it's not run by a kleptocrat.
     
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  5. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Once more because it's just not sinking in and then I'll let it go.

    Trading commodities makes up a minor portion of foreign exchange deals, the main things traded are financial securities and next to no one trades securities denominated in Rubles or RMB when compared to those denominated in the 8 major currencies because securities denominated in anything else other than those majors are next to worthless.

    Screen Shot 2022-03-12 at 7.23.49 am.png

    Good luck to Vlad trying to sell bonds denominated in Rubles, he'd be better off doing what the rest of the tin-pot economies do and sell bonds in USD or Euros and that's a recipe for disaster anyway.
     
  6. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Democracy is an illusion.
    All uncle Vlad has to do is.
    Keep his people happy, fed and housed.
     
  7. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Russian people will put up with any shit I guess. o_O

    World prosperity rankings.

    NZ 8th
    Australia 16th
    China 54th
    Russia 70th

    There are 18 former communist nations that are more prosperous than mother Russia! And some of them are still crap.

    https://www.prosperity.com/rankings
     
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  8. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    The rankings are based on who ever lures corporations by giving them the biggest tax breaks
    Ireland is a great example, ranked as one of the richest countries in the world lol with low wages and almost 0 corporate tax.
    So check where corporations HQ are based.
    It doesn’t mean the citizens are wealthy
    As usual it’s on paper only and the reality is vastly different
     
    Last edited: Mar 11, 2022
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  9. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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  10. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    Now if you take “Australians” who’s ranking is at number 18.
    On paper maybe one of the wealthiest citizens on paper but the reality is they’re the most in debt citizens in world especially when it comes to debt to income ratio.
    So again the reality in vastly different
     
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  11. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Prosperity (wealth) usually refers to how many of our needs/desires are met. Debt, savings, income etc are a narrow definition that don’t take into account many other factors.

    So the reality matches the ranking.
     
  12. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    That’s not how its measured.
     
  13. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    https://moneymosaic.substack.com/p/not-so-swift?s=r
     
  14. Davros10

    Davros10 Well-Known Member Silver Stacker

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    Or crazy? Like a Fox
     
  15. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    I don't believe democracy exists and I don't support democracy either. What I'm against is paganism, worshipping of man as god or demi-god. If you really want to go into paganism, you should first dump your bibles and crosses, dismantle the churches, synagogues and temples. Make a clear break, and after that, you can kneel and pray to your new god. When you kneel to your new God, your head must strike the ground.

    [​IMG]
     
    Last edited: Mar 12, 2022
  16. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    sgbuyer likes this.
  17. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    Yes, it's possible that it could well work very well for some countries such as Sweden and Norway and some baltic states, but the trouble is the Pagans, "who disguise themselves as commies or anti-democratic" are making examples of places where democracy don't work so I would avoid that path of argument. Paganism and man idol worship is the worst ideology of all as it would mean going back to the Dark ages.
     
  18. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    ^ are you referring to Russia? Coz if not you’ve lost me.
     
  19. sgbuyer

    sgbuyer Well-Known Member Silver Stacker

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    How do you know when man wants to be God?

    Submit and worship me or I'll crush you. That's the definition of God.
     
    Last edited: Mar 12, 2022
  20. TreasureHunter

    TreasureHunter Well-Known Member

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    ¥€$!

    Za Rashanz hanve plenty of options to shop their dollars away. I'm sure they can do that through 3rd parties like Kazakhstan, Armenia or China. Some countries (like Serbia and if I'm not wrong, Venezuela as well didn't impose sanctions upon Russia).

    I can already see Za Rashanz joining "the Axis of Evil 2.0": China, Iran, Pakistan, the Central Asian -istan's, Argentina, Venezuela, Cuba... the list is longer and longer.
    One day only the EU and the US will be "pure angelic saints", the entire 88 % of the rest of the world will be an "Axis of Evil": self-isolating west.
     

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