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Sanctions on Russia

Started by Richard Wilson4 · · 👁 809 views · 9.5K replies

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Participants Richard Wilson4velvetcyclist95Jeremy Peterson4silentsurfer3rowdytiger13Carol Newman2William Anderson5Carl Cookfrozencobra50Paul Patel95Michael Davis10Gary WilsonGregory Ramos3slyfox43dustywolf13Tyler Jones6Larry Walker24Ashley Ramirez4Paul Clark80Adam Lee13northernangler8Nancy Ruiz5James Chavez91neonheron9 …
Zachary Jackson4 Zachary Jackson4 Active Member
104 messages
joined Oct 2010
#4321 ·
Or was he attempting to locate a drone equipped with radar?
George Robinson43 George Robinson43 Regular
472 messages
joined Oct 2017
#4322 ·
"It is much like a master chef carefully selecting only the finest ingredients to ensure a perfect meal! Every single detail matters when you are striving for excellence."
rowdymaker17 As stated by:
Moving on to our next point, It’s quite fascinating to observe how economic parity works! You could say that the purchasing power of an average Russian is essentially identical to that of an average German.
🙏 🙏
Oh, come on! You won't be able to dodge giving that Russian bot the "Bot of the Year" award in the States!
The Russian consulate in Banja Luka is handing out the awards, and Milorad Dodik is personally hosting the whole ceremony!

I am still waiting! It’s like standing in line at a busy Starbucks only to realize they haven't even turned the espresso machine on yet. China is truly a force to be reckoned with! It's much like a massive engine gaining momentum—once that power starts building, there's simply no stopping it. Japan is truly a fascinating example of resilience! Much like how a well-oiled machine operates with precision, their progress is nothing short of remarkable. India is truly showing incredible potential on the global stage! It’s much like watching a startup transform into a massive Fortune 500 powerhouse right before your eyes. It really comes down to how we measure up against Europe!They certainly have a massive presence across Asia and Africa. It is truly fascinating to observe how purchasing power per capita can vary so wildly! It’s much like comparing a local corner store's inventory to a massive Walmart Supercenter—the scale of opportunity is simply incomparable..

This definitely deserves a Nobel Prize! 🎉
Brenda Murphy3 Brenda Murphy3 Regular
361 messages
joined Mar 2023
#4323 ·
urbanotter said:Well, you could technically buy it on the Russian currency market, where the importers are the ones doing all the buying.

As if that’s even possible...

God, you people think you're such freaking geniuses...😵

You can't just walk in with some rubles and expect to snag dollars at that rate (honestly, you couldn't do it at any rate... but hey, why let facts get in the way of a good post?)
rowdymaker17 rowdymaker17 Member
27 messages
joined Jun 2022
#4324 ·
George Robinson43 said:"It is much like a master chef carefully selecting only the finest ingredients to ensure a perfect meal! Every single detail matters when you are striving for excellence."
rowdymaker17 As stated by:
Moving on to our next point, It’s quite fascinating to observe how economic parity works! You could say that the purchasing power of an average Russian is essentially identical to that of an average German.
🙏 🙏
Oh, come on! You won't be able to dodge giving that Russian bot the "Bot of the Year" award in the States!
The Russian consulate in Banja Luka is handing out the awards, and Milorad Dodik is personally hosting the whole ceremony!

I am still waiting! It’s like standing in line at a busy Starbucks only to realize they haven't even turned the espresso machine on yet. China is truly a force to be reckoned with! It's much like a massive engine gaining momentum—once that power starts building, there's simply no stopping it. Japan is truly a fascinating example of resilience! Much like how a well-oiled machine operates with precision, their progress is nothing short of remarkable. India is truly showing incredible potential on the global stage! It’s much like watching a startup transform into a massive Fortune 500 powerhouse right before your eyes. It really comes down to how we measure up against Europe!They certainly have a massive presence across Asia and Africa. It is truly fascinating to observe how purchasing power per capita can vary so wildly! It’s much like comparing a local corner store's inventory to a massive Walmart Supercenter—the scale of opportunity is simply incomparable..

This definitely deserves a Nobel Prize! 🎉

I find it quite amusing when individuals such as yourself, who clearly lack even a rudimentary grasp of statistics, attempt to utilize what little remains of your one percent brain capacity just to insult yourselves with these sudden bursts of misplaced intelligence. I would strongly suggest that you actually educate yourself on what purchasing power statistics signify before you continue broadcasting your deranged, trolling idiocy. Allow me to assist a fool of your caliber:

Purchasing power parity (PPP) is an economic theory that compares different the currencies of different countries through a basket of goods approach.

I have absolutely no doubt that you have personally secured a significant portion of Nobel Prizes for being the biggest idiot on this entire forum.
gentleviper62 gentleviper62 Member
28 messages
joined Mar 2022
#4325 ·
Brenda Murphy3 said:Look, there's a massive amount of video content out there on YouTube, but honestly, I can't be bothered... because you clearly aren't interested anyway.

When someone flies in here making claims like yours... man, you can see from miles away where you're headed and what your actual goal is. Good luck to ya. 😁

(But seriously—there are endless videos of Russian supermarkets available if you want to look; just convert the prices to dollars using the current exchange rate and see how much stuff actually costs.)

It really depends on what prices we're talking about. You have basic necessities versus luxury items that nobody needs. My guess is that Russians can produce a lot of their own goods locally, or they just import from countries that haven't imposed sanctions. I'm thinking specifically about food.
gentlerider7 gentlerider7 Regular
291 messages
joined Jan 2021
#4326 ·
rowdymaker17 said:I find it quite amusing when individuals such as yourself, who clearly lack even a rudimentary grasp of statistics, attempt to utilize what little remains of your one percent brain capacity just to insult yourselves with these sudden bursts of misplaced intelligence. I would strongly suggest that you actually educate yourself on what purchasing power statistics signify before you continue broadcasting your deranged, trolling idiocy. Allow me to assist a fool of your caliber:

Purchasing power parity (PPP) is an economic theory that compares different the currencies of different countries through a basket of goods approach.

I have absolutely no doubt that you have personally secured a significant portion of Nobel Prizes for being the biggest idiot on this entire forum.

People moving to Germany is such a waste of time anyway. They should probably just head over to Russia instead.
George Robinson43 George Robinson43 Regular
472 messages
joined Oct 2017
#4327 ·
rowdymaker17 As stated by:
It truly warms my heart when individuals who lack even a basic grasp of statistics attempt to engage their solitary brain cell just to insult themselves with their own low IQ estimates! I would highly recommend looking up what purchasing power parity actually signifies before you commit to writing another word.Oh, what absolute nonsense from those digital trolls! It’s truly nothing but pure, unadulterated chaos.Here we go! I am more than happy to lend a helping hand to someone of your intellect!:

Think of Purchasing Power Parity (PPP) as a way to level the playing field when comparing economies! It’s essentially a clever economic tool that uses a "basket of goods" to measure what a dollar can actually buy in one country versus another.

I have no doubt you’ve earned a significant portion of a Nobel Prize yourself! What an absolute buffoon! It’s like watching a clown try to perform surgery. foruma.hr.

Look at that Nobel Prize winner! 🙏 🙏
And to top it all off, they're being downright insulting! 🙏

Let’s dive into a little discussion regarding Purchasing Power Parity!
Is GDP per capita based on Purchasing Power Parity (PPP) a valid metric? I find it to be an excellent indicator! It’s much like comparing apples to apples when evaluating standard of living.
The IMF has released their latest projections for 2022!

It is quite remarkable to see Germany reaching that $63,270 mark! It truly serves as a shining example of steady growth.
It is truly remarkable to see such significant figures! Just like a soaring stock on the NYSE, these numbers represent incredible momentum.
It is truly remarkable to observe that Russia has reached the $30,013 mark! It’s much like watching a steady climber scale a steep peak; one can only marvel at such consistent progress.
It is truly remarkable to see that figure! Just like a massive surge in the S&P 500, China’s reach of 21,364 represents an incredible leap forward.
It is truly remarkable to see how India's economy is performing! At $358 per capita, they are showing such incredible momentum.

Allow me to quote you once more:
It is quite fascinating to observe how purchasing power scales! One could argue that the buying power of an average Russian is essentially on par with that of an average German.

It appears we have reached a standstill! Much like a car idling at a red light in downtown Chicago, we are simply waiting for the signal to move forward.

When you look at the numbers, China and India stand out significantly; they possess much higher purchasing power per capita compared to Europe, Asia, or Africa.

Keep it rolling, bot! You’re doing an excellent job.
Brenda Murphy3 Brenda Murphy3 Regular
361 messages
joined Mar 2023
#4328 ·
rowdymaker17 said:I find it quite amusing when individuals such as yourself, who clearly lack even a rudimentary grasp of statistics, attempt to utilize what little remains of your one percent brain capacity just to insult yourselves with these sudden bursts of misplaced intelligence. I would strongly suggest that you actually educate yourself on what purchasing power statistics signify before you continue broadcasting your deranged, trolling idiocy. Allow me to assist a fool of your caliber:

Purchasing power parity (PPP) is an economic theory that compares different the currencies of different countries through a basket of goods approach.

I have absolutely no doubt that you have personally secured a significant portion of Nobel Prizes for being the biggest idiot on this entire forum.

God, there are all kinds of morons on here, but you actually manage to stand out from the crowd... congrats...😁

Russia's PPP was lower than America's... and that was before the war. It's nowhere near close to something like Germany... it's honestly mind-blowing that you could even type something that stupid...😵

And yeah—I'm talking about PPP (purchasing power), not GDP per capita...

I genuinely hope someone is paying you to write this, because if they aren't—that is legitimately concerning...
The way you're detached from reality is actually impressive... you're handling it quite successfully...😁
George Robinson43 George Robinson43 Regular
472 messages
joined Oct 2017
#4329 ·
gentlerider7 said:People moving to Germany is such a waste of time anyway. They should probably just head over to Russia instead.

Actually, even better—they should go to India!
A bot mentioned that the purchasing power in India is actually higher than it is in Europe or the USA. 🤣
urbanotter urbanotter Regular
431 messages
joined Oct 2020
#4330 ·
Brenda Murphy3 said:As if that’s even possible...

God, you people think you're such freaking geniuses...😵

You can't just walk in with some rubles and expect to snag dollars at that rate (honestly, you couldn't do it at any rate... but hey, why let facts get in the way of a good post?)

So, where exactly do you think Russian importers go to get the currency they need if not through the Russian foreign exchange market?
What kind of currency do you think companies use when they have to buy rubles just to secure their supply of gas and oil? How exactly are they paying for it?
Maybe in your world, they’re just handing it over for free based on a friendly smile.

Just because you, as an individual citizen in Russia, can't access certain currencies in countries that have slapped sanctions on Russia, doesn't mean it's impossible to trade for other currencies on the Russian forex market.

Trade between Russia and other nations is increasingly shifting toward local currencies, and honestly, that is precisely what the USA fears most.
The demand for the dollar will continue to erode as more international trade settles using domestic currencies instead.

As a result, these sanctions are becoming less effective at hitting their intended targets; instead, Western importers of Russian gas are actually buying up rubles just to pay for the energy they need.

This entire assault on the established monetary system is going to force nations to find alternative ways to settle payments with one another.
After seeing their foreign exchange reserves frozen and seized by banks all over the world, many countries are being forced to rethink which currencies they should hold to facilitate trade, or if they should simply move toward gold.

When that happens, the global reliance on the dollar diminishes, and eventually, the rest of the world won't have to shoulder the burden of its constant printing anymore.
That hurts the USA far more than any "Glory to Ukraine" sentiment or the tragic loss of thousands of lives this war brings.

Everything the USA and the West are doing is just pushing us closer to a point where some madman, on either side, decides to push the button. At that stage, it won't matter who won or lost; the only question will be whether anyone survives to travel anywhere, or if a few lucky souls will just be waiting in bunkers, hoping life on Earth becomes possible again.
Zachary Jackson4 Zachary Jackson4 Active Member
104 messages
joined Oct 2010
#4331 ·
I don't quite follow, but I don't intend to take these projections at face value.

Is this applicable for 2021?
hollowdriver13 hollowdriver13 Regular
705 messages
joined Feb 2022
#4332 ·
gentleviper62 said:That’s beside the point. What matters is how much someone in Russia can actually buy with their own money.

Honestly, just hop on YouTube and check out some Russian vloggers. After that initial ruble crash at the start, prices spiked to reflect the collapse, but once the central bank stepped in and took control of the market, those prices didn't budge. So, the average person in Russia isn't seeing any real benefit from a "strong" ruble; it's basically just helping the government's budget because of the exchange rate.
hollowdriver13 hollowdriver13 Regular
705 messages
joined Feb 2022
#4333 ·
Brenda Murphy3 said:As if that’s even possible...

God, you people think you're such freaking geniuses...😵

You can't just walk in with some rubles and expect to snag dollars at that rate (honestly, you couldn't do it at any rate... but hey, why let facts get in the way of a good post?)

The issue isn't even about buying the Rubles; the real headache is trying to convert them back into something else later. Even if you actually find someone willing to take them off your hands, you won't be getting anywhere near the market rate.
Arthur Watson4 Arthur Watson4 Active Member
135 messages
joined Feb 2022
#4334 ·
As an economist, I find myself missing the days when we talked about Russian military tech superiority; things were much less painful back then.

After wading through all these economic analyses, I just want to curl up in a fetal position and sleep my eyes out after a ritualistic burning of my diploma.

This topic has gone into full retard mode.
Anthony Moore15 Anthony Moore15 Member
24 messages
joined Mar 2022
#4335 ·
Arthur Watson4 said:As an economist, I find myself missing the days when we talked about Russian military tech superiority; things were much less painful back then.

After wading through all these economic analyses, I just want to curl up in a fetal position and sleep my eyes out after a ritualistic burning of my diploma.

This topic has gone into full retard mode.

George Robinson43 George Robinson43 Regular
472 messages
joined Oct 2017
#4336 ·
urbanotter said:So, where exactly do you think Russian importers go to get the currency they need if not through the Russian foreign exchange market?
What kind of currency do you think companies use when they have to buy rubles just to secure their supply of gas and oil? How exactly are they paying for it?
Maybe in your world, they’re just handing it over for free based on a friendly smile.

Just because you, as an individual citizen in Russia, can't access certain currencies in countries that have slapped sanctions on Russia, doesn't mean it's impossible to trade for other currencies on the Russian forex market.

Trade between Russia and other nations is increasingly shifting toward local currencies, and honestly, that is precisely what the USA fears most.
The demand for the dollar will continue to erode as more international trade settles using domestic currencies instead.

As a result, these sanctions are becoming less effective at hitting their intended targets; instead, Western importers of Russian gas are actually buying up rubles just to pay for the energy they need.

This entire assault on the established monetary system is going to force nations to find alternative ways to settle payments with one another.
After seeing their foreign exchange reserves frozen and seized by banks all over the world, many countries are being forced to rethink which currencies they should hold to facilitate trade, or if they should simply move toward gold.

When that happens, the global reliance on the dollar diminishes, and eventually, the rest of the world won't have to shoulder the burden of its constant printing anymore.
That hurts the USA far more than any "Glory to Ukraine" sentiment or the tragic loss of thousands of lives this war brings.

Everything the USA and the West are doing is just pushing us closer to a point where some madman, on either side, decides to push the button. At that stage, it won't matter who won or lost; the only question will be whether anyone survives to travel anywhere, or if a few lucky souls will just be waiting in bunkers, hoping life on Earth becomes possible again.

Russia's share of the global GDP sits at about 2.7%, and it’s projected to dip to 2% by 2030.
Their slice of total global trade is roughly the same, and it’s also trending downward.
How on earth do you think a player representing just 2% of the economy could ever threaten the US dollar or American hegemony?

Stop following the propaganda and the paid Russian talking points; go look at the actual statistics yourself.
analogbear5 analogbear5 Regular
571 messages
joined Aug 2019
#4337 ·
urbanotter said:So, where exactly do you think Russian importers go to get the currency they need if not through the Russian foreign exchange market?
What kind of currency do you think companies use when they have to buy rubles just to secure their supply of gas and oil? How exactly are they paying for it?
Maybe in your world, they’re just handing it over for free based on a friendly smile.

Just because you, as an individual citizen in Russia, can't access certain currencies in countries that have slapped sanctions on Russia, doesn't mean it's impossible to trade for other currencies on the Russian forex market.

Trade between Russia and other nations is increasingly shifting toward local currencies, and honestly, that is precisely what the USA fears most.
The demand for the dollar will continue to erode as more international trade settles using domestic currencies instead.

As a result, these sanctions are becoming less effective at hitting their intended targets; instead, Western importers of Russian gas are actually buying up rubles just to pay for the energy they need.

This entire assault on the established monetary system is going to force nations to find alternative ways to settle payments with one another.
After seeing their foreign exchange reserves frozen and seized by banks all over the world, many countries are being forced to rethink which currencies they should hold to facilitate trade, or if they should simply move toward gold.

When that happens, the global reliance on the dollar diminishes, and eventually, the rest of the world won't have to shoulder the burden of its constant printing anymore.
That hurts the USA far more than any "Glory to Ukraine" sentiment or the tragic loss of thousands of lives this war brings.

Everything the USA and the West are doing is just pushing us closer to a point where some madman, on either side, decides to push the button. At that stage, it won't matter who won or lost; the only question will be whether anyone survives to travel anywhere, or if a few lucky souls will just be waiting in bunkers, hoping life on Earth becomes possible again.

Look, what you're describing only works if there's actually a viable alternative to the dollar out there. For any country trading oil, trying to stockpile a bunch of different local currencies would be an absolute nightmare. Between the sheer complexity and the total chaos of conversion rates, it’s a mess—not to mention how much volatility that would trigger for everyone, especially smaller nations.
Zachary Jackson4 Zachary Jackson4 Active Member
104 messages
joined Oct 2010
#4338 ·
😁 I was wondering which nation would actually fare best under total global sanctions. The USA?
analogbear5 analogbear5 Regular
571 messages
joined Aug 2019
#4339 ·
My copy of the US Constitution and the Declaration of Independence was
Made in China.
urbanotter urbanotter Regular
431 messages
joined Oct 2020
#4340 ·
analogbear5 said:Look, what you're describing only works if there's actually a viable alternative to the dollar out there. For any country trading oil, trying to stockpile a bunch of different local currencies would be an absolute nightmare. Between the sheer complexity and the total chaos of conversion rates, it’s a mess—not to mention how much volatility that would trigger for everyone, especially smaller nations.

We’re actually seeing more countries settle trades using their own local currencies; for instance, Russia is paying for Chinese goods in yuan, while China settles its energy bills with Russia using rubles.

I don't see any impending chaos coming from this, because you simply acquire the specific currency you need rather than being tethered to two or three global giants.

I remember when I traveled through Europe; I made sure to get local currency instead of relying on dollars just so I wouldn't have to deal with extra conversion fees at every single bank.
People often frame this as one of the primary benefits of adopting the Euro, so the idea that moving away from the dollar would cause total mayhem doesn't really hold water for me.
Even if the main perk of the Euro is making trade within a unified market easier, why should it be viewed negatively if we aren't forced to settle everything exclusively in USD?

At its core, trade is about exchanging goods, and money is just the tool that makes that exchange smoother. It shouldn't matter whether that tool happens to be the dollar or something else entirely.

There's no sense in arguing about where things will land; time will eventually reveal which way global commerce is actually heading.
Some arguments point to the fact that over 40 percent of the US money supply has been printed since the start of the pandemic, fueling the highest inflation we've seen in forty years. We're also seeing a growing slice of international trade happening in alternative currencies. This shift is already gaining momentum; Saudi Arabia, which has traditionally traded strictly in dollars, recently held talks with China regarding selling oil in yuan, and more than 30 percent of central banks have signaled plans to increase their yuan reserves in the coming years. Then there's India, the world's second most populous nation, which is looking into a rupee-ruble trade arrangement with Moscow to maintain its partnership with Russia.

That news outlet writes about everything; they might as well be Russian propaganda for all the good it does.

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