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Current time: September 18, 2019, 5:51 pm

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Russians lose global competition
#1
Russians lose global competition
Russians lose global competition

First, in the First World War, Nikolai 2 failed the Russian empire. Then the Leninists failed the USSR in 1991. Now the Putinists have become poorer than the Poles. Do not go against the West.
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#2
RE: Russians lose global competition
The west?

You mean the IMF controlled central banks that are about to collapse the world global economy? (again).
The 7 million Amercians who are delinquent on their car loans? Or the 56 million Americans who cannot pay their credit cards off because they are struggling with paying mortgages/cost of living?

Yes, you gotta love the west... We've got McDonalds and Netflix!!
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#3
RE: Russians lose global competition
(June 10, 2019 at 9:32 am)Interaktive Wrote: Russians lose global competition

First, in the First World War, Nikolai 2 failed the Russian empire. Then the Leninists failed the USSR in 1991. Now the Putinists have become poorer than the Poles. Do not go against the West.




If you think Russia is losing the global competition with the west, why does the president of Russia lead the president of good old US of A around like S&M bitch on a dog chain?
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#4
RE: Russians lose global competition
(June 10, 2019 at 9:54 pm)ignoramus Wrote: The west?

You mean the IMF controlled central banks that are about to collapse the world global economy? (again).
The 7 million Amercians who are delinquent on their car loans? Or the 56 million Americans who cannot pay their credit cards off because they are struggling with paying mortgages/cost of living?

Yes, you gotta love the west... We've got McDonalds and Netflix!!

It's not different in Russia either. The country is stricken with poverty while the govt is trying to play global games and 'oppose the West'. Not to mention that you can at least criticize your govt without fear of reprimand.
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#5
RE: Russians lose global competition
(June 10, 2019 at 9:54 pm)ignoramus Wrote: The west?

You mean the IMF controlled central banks that are about to collapse the world global economy? (again).
The 7 million Amercians who are delinquent on their car loans? Or the 56 million Americans who cannot pay their credit cards off because they are struggling with paying mortgages/cost of living?

Yes, you gotta love the west... We've got McDonalds and Netflix!!


Some Americans are stupid when it comes to managing money and many have a false sense of material entitlement. 

But the US ain't the only ones: https://en.wikipedia.org/wiki/List_of_co...ehold_debt
God(s) and religions are man made and the bane of humanity. 

Of all the things I've lost, I miss my mind the most. Ozzy or Twain/take your pick
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#6
RE: Russians lose global competition
It definitely ain't just you guys.
Canada, NZ and Australia's housing debt are at record levels. One of our bubbles may pop soon which will be the first domino.

All our currencies are almost worthless with the reserve banks money printing all these years.
The US Dollar has lost 98% of its buying power. As have most other currencies.
All fiat currencies eventually default back to their worthlessness as they have nothing tangible to back them up. hint hint: gold.

Thanks Mr Nixon for taking us all off the gold standard in 71.
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#7
RE: Russians lose global competition
Gold standard is idiotic. The total gold reserve in the world would need to exactly keep pace with the growth or decline of the world's economy for it to be worth any of its touted value. Inflation or deflation otherwise happens just the same. What is more how closely the supply of gold matches the changes in world economy is now dependent on geology and mining technology, factors totally unrelated to growth of world economy, rather than on central banks, which is at least in theory capable of determining a rate of money supply changeappropriate to economic growth.

So Gold is distinguished from fiat money only in that you have given the power of fiat to random chance rather than an intelligent agent.
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#8
RE: Russians lose global competition
Which is why will go 5-10K per oz to match your current debt.
Russia has been collecting so much that they are now at about 2.5K per oz.

It's all happening!
in 5 years, most countries won't recognize the US$ as the world reserve.
China and Russia are already bypassing it (swift system) and using their local currencies with gold to settle the differences quarterly, monthly, yearly Dunno..

then again, I watch too much youtube lol.
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#9
RE: Russians lose global competition
(June 11, 2019 at 8:01 pm)ignoramus Wrote: It definitely ain't just you guys.
Canada, NZ and Australia's housing debt are at record levels. One of our bubbles may pop soon which will be the first domino.

All our currencies are almost worthless with the reserve banks money printing all these years.
The US Dollar has lost 98% of its buying power. As have most other currencies.
All fiat currencies eventually default back to their worthlessness as they have nothing tangible to back them up. hint hint: gold.

Thanks Mr Nixon for taking us all off the gold standard in 71.

Tell me about it.

$A900, 000 + I still have on my mortgage.
Sanity adjacent.


Angel





IMGUR 
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#10
RE: Russians lose global competition
ouch Beccs.



(counts on his fingers and realizes - that's only about a year's pay for a heart surgeon!) Big Grin

ps, auckland house prices have crash 30-40% from the peak in 17.
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