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[quote=Anonymous]It's terrible Ukraine lost an F-16 and my condolences to the pilot's family.  Take heart.  There was more news today.

"Prices typically rise when too much cash is chasing too few goods. One solution is to produce more goods, and Russian President Vladimir Putin told the government to do exactly that"
"The traditional answer to inflation is to reduce the money supply and one way of doing that is to raise the prime interest rate to encourage people to spend less and save more. The CBR has tried that. Inflation touched on 9.1% in July and despite a radical 200bp hike to 18% at the last monetary policy meeting inflationary pressures remain stubbornly high."
"August 24 Putin complained that both lending and inflation are growing despite the sky high interest rates"
https://www.intellinews.com/russian-government-central-bank-to-stamp-on-economic-growth-in-a-non-monetary-effort-to-slow-inflation-341000/

For those not specialized in communist economics, here's what's going on.  Russia's economy was GDP was growing with virtually no unemployment, which backfired.  Why?  Because most of Russia's labor force is producing tanks, ammunition, war supplies, etc.  The problem is consumers can't drive a tank to work, or eat ammunition at lunch, or use war supplies to sleep on at night.  Putin ordered state factories to glut the market with goods to lower prices.  The problem is you still need to pay for the raw materials and if they don't come from Russia, you need to exchange currency.

"Chinese state banks are shutting down transactions with Russia "en masse" and billions of yuan worth of payments are held up"
"One working solution was to buy gold, move it to Hong Kong and sell it there, depositing cash in a local bank account"
"some Russian businesses have been using chains of intermediaries in third countries to handle their transactions and get around compliance checks run by Chinese banks. As a result, costs to process transactions have risen to as much as 6% of transaction payments, from close to zero before"
[b]"For many small companies, this means a complete shutdown"[/b]
https://www.reuters.com/business/finance/russia-payment-hurdles-with-china-partners-intensified-august-sources-say-2024-08-30/

But if you look at this video, Russell (a Russian propagandist) is showing off a brand new mall opening.  See anything wrong?

https://www.youtube.com/watch?v=QTG4D4bIiRk

If you said "creepy or eerily empty" you're right!  Also, the shelves are packed, but very few people are shopping?  It's even fewer than his earlier videos.  So what?  Remember what happens in the food chain when the plankton die?  In the meantime..

Watch this video end-to-end and remember that Andrei Fedorov (a former deputy foreign minister of Russia and ex-adviser to both the prime minister and vice president of Russia) is violating the Russian laws against "discrediting" of the armed forces capable of imposing large fines (article 20.3. 3) and up to five years imprisonment (article 280.3).  The list of cities with factories he rattled off were sabotaged?  It's an interesting conversation.

https://www.youtube.com/watch?v=es4e9qXH1Vo

Still on track for June 2025, imho.[/quote]

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