Lower rouble means that Russian exports are cheaper and more attractive allowing government get more money domestically after conversion thus helping balance the budget. It also means that imports are higher of course, but seems that exports are what’s relevant for state budget in Russia. Deficit in Russia is only around 2% of the GDP, compare that to the astronomical deficit US is running.
Also worth noting that rouble value against the dollar doesn’t have much practical meaning given that there’s very little direct trade between Russia and the west.
Yeah, if only Russia had countries to trade with https://www.cnn.com/2023/05/24/economy/russia-china-trade-new-record-intl-hnk/index.html
famous Putin puppets they are
absolutely incredible stuff
Russia is so screwed that their economy is growing by over 4% right now mostly from trade with China which exploded.
While nothing is ever black and white, it’s undeniable that the relationship between the west and Africa has been deeply exploitative. It’s also pretty well understood what people mean by the west. These are vassal states of the US that are politically subservient to US and rely on US for military protection. These are countries that are aligned around the failing liberal capitalist ideology that US promotes.
Kicking out western neocolonial regimes is a prerequisite for any positive changes in the countries of Africa. Only once these countries are under control of the people living there can they chart their own course. As long as they remain under the yoke of western hegemony, the interests of the empire will always be put above the interests of the people living in these countries.
Yeah, it’s not a coincidence that countries the west exploited the most are the ones that are rebelling against colonization. Niger is one of the poorest countries in the world despite France importing a quarter of its uranium from Niger. The leaders who overthrew western puppet regimes are liberating Africa from scum like you. Sadly, western parasites will fight to keep their grubbly little hands on African resources.
Today I learned that there are people out there who so imbecilic that they treat wikipedia as some oracle of truth.
Yes, it’s legal to be an idiot in China.
The fact that you use a wiki page as an authoritative source just further exposes what an utter clown you are. Let’s correct that for you:
The people who actually live in China consider their democracy to work far better than pretty much any western shithole country that calls itself a democracy and have consistently higher satisfaction with their government because unlike in the west they see it working in their interest.
Thinking that the number of parties is a measure of democracy demonstrates an infantile understanding of the concept. Democracy is a government that works in the interest of the majority and is held accountable by the majority. Procedural democracies such as seen in the west demonstrably produce terrible results in practice. As a recent study of US shows, the system does not actually work in a democratic fashion
Since your cognitive development stops at reading wiki articles here’s another one you should read https://en.wikipedia.org/wiki/Democratic_centralism
You used so many words to tell us that you don’t know anything about Chinese political system and expose yourself as being confidently wrong. Maybe spend some time educating yourself instead of flaunting your ignorance in public.
Zenz is a born-again Christian who lectures at the European School of Culture and Theology. This anodyne-sounding campus is actually the German base of Columbia International University, a US-based evangelical Christian seminary which considers the “Bible to be the ultimate foundation and the final truth in every aspect of our lives,” and whose mission is to “educate people from a biblical worldview to impact the nations with the message of Christ.”
Zenz’s work on China is inspired by this biblical worldview, as he recently explained in an interview with the Wall Street Journal. “I feel very clearly led by God to do this,” he said. “I can put it that way. I’m not afraid to say that. With Xinjiang, things really changed. It became like a mission, or a ministry.”.
Along with his “mission” against China, heavenly guidance has apparently prompted Zenz to denounce homosexuality, gender equality, and the banning of physical punishment against children as threats to Christianity.
Zenz outlined these views in a book he co-authored in 2012, titled Worthy to Escape: Why All Believers Will Not Be Raptured Before the Tribulation. In the tome, Zenz discussed the return of Jesus Christ, the coming wrath of God, and the rise of the Antichrist.
The fact that this nutcase is being paraded as a credible researcher on the subject is absolutely surreal, and it’s clear that the methodology of his “research” doesn’t pass any kind of muster when examined closely.
Newsflash, you can find people in any country who don’t like their government, and you’ll obviously see these people over represented in the population that left the country. The fallacy of your argument is to conclude that the people you know hold the opinion of the majority of people in China. I made plenty of friends who from China in university, and most of them went back after graduating. Vast majority of people in China support their government and are proud of their country. Even western polling admits this.
whatever helps you cope I guess, but people in the industry who actually have a clue seem to disagree with you
That’s a weird direction to take things in. I’m simply pointing out that China has a pretty good safety record when it comes to use of nuclear energy, and it’s one of the biggest users of nuclear globally. So, this narrative you’re painting doesn’t seem to really hold up in face of that.
And I’m not denying that political games between Japan and China are going on as they are everywhere in the world. I’m just pointing out that I would personally be happy with my government avoiding food from a place where nuclear waste was discharged recently. Even if the risks are claimed to be low, no risk at all is obviously better.
That’s obviously what you believe, so I don’t see any point arguing further. Wake me up when there’s a nuclear outbreak in China that actually happens though.
Again, if this is the best you were able to find and you think that’s an amazing counter point, what else is there to tell you really.
Thing is though is that US has been able to run a large deficit because the dollar is the reserve currency. Since, until recently, countries had no choice but to use SWIFT for global trade and energy was traded exclusively in dollars, that meant countries had to buy dollars in order to trade them for these resources. Dollar based economy is rapidly shrinking now because US in its infinite wisdom decided to cut one of the biggest commodity producers out of it. So, now we’re seeing more and more bilateral trade happening where countries use their own currencies. This process is developing much more rapidly than anybody expected, and what that means is that the value of the dollar is shrinking.