#241 ·
wiredseal7 said:Look, my point was that they can't use it for everything—there isn't enough liquidity in the crypto market to settle the entire Russian export volume.
They'll end up trading in Chinese or Indian currency if nobody trusts the Ruble anymore (and let's face it, nobody does right now 😬).As for neon and palladium, I'm not sure, but I do know Russian grain production is set to hit a twenty-year low—so I guess they'll just have to survive on neon, palladium, and gas.
How do you even know that? It's not like the government won't step in with subsidies to prop up production. Plus, they'll have cheap fertilizer—something most other countries are sweating over right now.
If they don't, and considering how much grain Ukraine produces, we're looking at global fallout. They say the developing world usually takes the biggest hit.
The grain futures spiked twofold the other day—that's a clear sign shortages are coming.
Luckily, the US produces way more than it consumes.
Let us be realistic: neither the Chinese nor the Indian currency holds even a shred of significance on the global stage.
]And how can one possibly claim to know this with such certainty? Is it not entirely plausible that the state will step in with massive subsidies just to maintain a substantial portion of domestic production? Furthermore, they will likely benefit from cheap fertilizer, a luxury that many other nations currently find themselves questioning.
If that fails to happen—especially considering that Ukraine is such a massive grain producer—we are looking at global repercussions. It is widely suggested that the developing world will bear the brunt of this instability.
Just the other day, wheat futures doubled in price, which serves as a glaring indicator that shortages are imminent.
Fortunately, the US produces far more than it consumes.
The reason is quite simple: Russian agriculture is fundamentally dependent on American technology for planting specific types of grains. This specialized tech is produced exclusively in the USA. I have pointed this out before, but consider this: interest rates for agricultural loans have surged from 12% to over 20%. Who, I ask you, can possibly remain operational under such punishing conditions?
Even their petroleum industry relies heavily on technology and chemicals imported directly from America. We saw BP and Shell withdraw, and since ExxonMobil exited Arctic drilling ages ago, we can only watch to see how much progress Russia actually makes in those regions.
The automotive industry is also retreating from Russia. One must wonder: how many tens or hundreds of thousands of jobs will vanish solely within that sector? Shipping companies have ceased transporting cargo toward Russia, and the list goes on. Not to mention the inevitable collapse of the ruble, which will drastically diminish their ability to afford even the meager imports arriving from China and elsewhere.
What Putin has orchestrated is nothing short of a monumental blunder; he has weakened Russia to an indescribable degree, leaving them in a position of total subordination—effectively a vassal state—to China in the very near future.
The illusion of the "great leader" who restored Russia to the status of a global superpower will vanish, leaving behind nothing but a carcass caught in the claws of China.
