Mike's Economic Affairs
Mike's Economic Affairs
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Too Good to be True? The Enduring Allure of Ponzi and Pyramid Schemes
The financial world is fraught with schemes that promise quick riches, often with minimal effort or risk. Among these, Ponzi and pyramid schemes stand out for their notoriety and their uncanny ability to persist despite widespread awareness of their pitfalls. Named after Charles Ponzi, who in the early 20th century promised investors a 50% profit within a few months, Ponzi schemes operate on the principle of using new investors' funds to pay returns to earlier investors. One of the biggest Ponzi frauds, running into billions of dollars, was perpetrated by Bernie Madoff, who’s currently languishing in jail for his deceit. Pyramid schemes, while similar in their reliance on an ever-increasing influx of participants, typically involve the sale of a product or membership, with profits primarily derived from recruiting new members rather than genuine sales.
I should put in a disclaimer that this episode, and all episodes in this series, are not meant to offer any personal financial advice to anyone. My approach is to discuss high-level finance concepts, without getting into the woods of day-to-day personal financial advice, and so no one should use these discussions to engage in any investing activities. If you seek financial advice, please seek out the help of a dedicated financial professional.
For more on money, corporate finance and other economic and financial insights, including publications from the International Monetary Fund, Bank for International Settlements, the World Bank, the US Federal Reserve, The People's Bank of China, The Bank of Japan, The Bank of England, The European Central Bank, Banco de Espana, Banque de France, etc., please visit our website: sandstormwt.com. You will also find other information about our full offering, including online or virtual courses.
มุมมอง: 20

วีดีโอ

"Be My Friend, Or Else!": The U.S. Sternly Warns China Against Aligning with Russia
มุมมอง 2Kวันที่ผ่านมา
The U.S. is intensifying its diplomatic engagement with China, a move underscored by the back-to-back visits of U.S. Treasury Secretary Janet Yellen and Secretary of State Antony Blinken. The underlying theme of these diplomatic overtures has been clear: to sway China away from Russia. This strategic approach blends both conciliatory gestures and stern warnings. This dual strategy highlights a ...
Redefining Global Power: How China's Economic Clout Undermines US Sanctions
มุมมอง 1.8K14 วันที่ผ่านมา
In international relations, the imposition of sanctions has long been a tool utilised by powerful nations, particularly the United States, to exert pressure on adversaries or states perceived as threats to their interests. However, the effectiveness of these sanctions has been significantly altered by the emergence of China as a formidable economic and strategic powerhouse. While traditional ta...
Bitcoin Halving: Decoding the Mystery and Unearthing Opportunities
มุมมอง 1821 วันที่ผ่านมา
Since its inception in 2009, Bitcoin has sparked a revolution in digital currency, challenging traditional financial systems and provoking a re-evaluation of what constitutes value in the digital age. Bitcoin's journey from an obscure digital currency to a significant financial asset reflects its growing acceptance and integration into mainstream finance. Recent years have witnessed Bitcoin's m...
Janet Yellen Lectures China: Balancing Between Free Markets and Strategic Concerns
มุมมอง 2.6Kหลายเดือนก่อน
The dynamics of global economics have been increasingly characterised by geopolitical tensions, trade wars, and debates over the principles of free market economies. A focal point of these discussions has been the reaction of prominent economic leaders to China's growing influence on the global stage. One notable example is Janet Yellen, the U.S. Treasury Secretary, who was in China last week, ...
George Galloway Triumphs in British Parliament: Unveiling the Role of the Workers Party
มุมมอง 9หลายเดือนก่อน
George Galloway, a figure synonymous with controversy, charisma, and an unyielding stance on issues of foreign policy, social justice, and workers' rights, has once again secured a seat in the British Parliament. This victory not only underscores Galloway's political resilience but also casts a spotlight on the Workers Party, an entity he has been closely associated with. Workers' Parties, also...
Mastering Due Diligence: The Investor's Guide to Navigating Financial Waters Safely
มุมมอง 7หลายเดือนก่อน
In finance, due diligence is a pivotal process that serves as a cornerstone for informed decision-making. A multifaceted concept, due diligence encompasses a thorough and systematic examination of financial, legal, and operational aspects of a potential investment or transaction. This exhaustive scrutiny aims to mitigate risks, enhance transparency, and facilitate well-informed choices in the i...
Dollar Dominance and the Externalisation of U.S. Debt
มุมมอง 6หลายเดือนก่อน
Today's discussion ventures into a crucial aspect of the global economy - Dollar Dominance and the Externalisation of US Debt. Dollar Dominance refers to the global supremacy of the US dollar in international trade and finance. It is the world's primary reserve currency, making up a significant portion of global transactions. The US dollar serves as the primary medium of exchange in internation...
The China-U.S. Infinite Game: The U.S. Moves to Shut Down TikTok
มุมมอง 8หลายเดือนก่อน
Last week, the U.S. House took a decisive step, passing a bill with the aim of banning TikTok from the shores of the United States. But this move isn't just about an app; it's a strategic manoeuvre in a grand game of geopolitical chess between two global juggernauts: China and the United States. Picture this: a vast, infinite game where there's no clear winner, just continuous striving for domi...
Why Africa is so Prone to Coups!
มุมมอง 52 หลายเดือนก่อน
Africa's history is marked by frequent political upheavals, with coups d'état serving as a recurring theme on the continent. These sudden and often violent changes in leadership have had profound consequences for African nations, impacting their politics, economies, and societies. Understanding the phenomenon of coups in Africa requires an exploration of the interplay of political and economic ...
Traversing Economics, from the Worm's View to the Bird's Eye View
มุมมอง 42 หลายเดือนก่อน
Economics is a diverse discipline that offers insights into the workings of societies, markets, and individuals' choices. At its core, economics provides tools to analyse human behaviour regarding the production, distribution, and consumption of goods and services. However, the perspective from which one examines economic phenomena can vary greatly, ranging from the micro-level, akin to a worm'...
Are U.S. Sanctions on Russia Really Working?
มุมมอง 4962 หลายเดือนก่อน
Sanctions have long been a favourite tool of foreign policy by the United States, to influence the behaviour of nations on the global stage. In recent years, Russia has found itself at the receiving end of various sanctions imposed by Western powers. The United States has threatened new or additional sanctions on Russia following the death of opposition politician Alexei Navalny. It is therefor...
Funding the Ukraine and Israeli Gaza Wars: Assessing the Limits of U S Financial Resources
มุมมอง 72 หลายเดือนก่อน
The history of the United States is replete with foreign wars, each with its own justifications and consequences. While the motivations for these interventions may be complex and multifaceted, the financial burden they impose on the nation remains undeniable. The question of whether the U.S. possesses unlimited resources to fund foreign wars on multiple fronts is a critical inquiry that delves ...
China's Growth Engines Over the Past 40 Years
มุมมอง 103 หลายเดือนก่อน
The transformation of China from a largely agrarian society under Chairman Mao to an economic powerhouse in the post-Mao era is a remarkable chapter in world history. Post-Chairman Mao, China has experienced unprecedented economic growth. Several key factors have played pivotal roles in propelling China's economic development, turning it into a global economic force. For more on money, corporat...
What is FinTech? The Rise of Financial Inclusion!
มุมมอง 93 หลายเดือนก่อน
FinTech, a term that stands for Financial Technology, refers to the use of technology to enhance and automate financial services and processes. The rise of FinTech has brought about a significant transformation in the way financial services are delivered and consumed. In the past decade, FinTech has evolved from being a niche sector to a mainstream industry that is disrupting the traditional fi...
This One's for Nerds: Utilising Calculus in Future Value Calculations
มุมมอง 53 หลายเดือนก่อน
This One's for Nerds: Utilising Calculus in Future Value Calculations
Using Hedging to Manage Risk and Preserve Value
มุมมอง 103 หลายเดือนก่อน
Using Hedging to Manage Risk and Preserve Value
BREXIT and the Murky Crystal Ball: The UK's Economic Prospects for the Next Decade
มุมมอง 1004 หลายเดือนก่อน
BREXIT and the Murky Crystal Ball: The UK's Economic Prospects for the Next Decade
Quantifying the Global Economic Impact from the Red Sea Shipping Disruptions
มุมมอง 74 หลายเดือนก่อน
Quantifying the Global Economic Impact from the Red Sea Shipping Disruptions
What is Value Added Tax?
มุมมอง 94 หลายเดือนก่อน
What is Value Added Tax?
Cultivating Excellence: A Habit of Everyday Greatness
มุมมอง 84 หลายเดือนก่อน
Cultivating Excellence: A Habit of Everyday Greatness
Minimum Wages and their Impact on the Labour Market
มุมมอง 284 หลายเดือนก่อน
Minimum Wages and their Impact on the Labour Market
The Political Economy of War: A Continuation of Politics by Other Means
มุมมอง 214 หลายเดือนก่อน
The Political Economy of War: A Continuation of Politics by Other Means
The Collapse of Silicon Valley Bank
มุมมอง 455 หลายเดือนก่อน
The Collapse of Silicon Valley Bank
What is Inflation? The Stealthy Thief of your Money!
มุมมอง 2595 หลายเดือนก่อน
What is Inflation? The Stealthy Thief of your Money!
Shorting: Profiting from Market Declines and Managing Risks
มุมมอง 215 หลายเดือนก่อน
Shorting: Profiting from Market Declines and Managing Risks
Are Workers Cannon Fodder for Political Parties?
มุมมอง 65 หลายเดือนก่อน
Are Workers Cannon Fodder for Political Parties?
Pollution, Climate Change and Stranded Assets Risks for Banks
มุมมอง 386 หลายเดือนก่อน
Pollution, Climate Change and Stranded Assets Risks for Banks
What is GDP?
มุมมอง 296 หลายเดือนก่อน
What is GDP?
The Big Mac Index: A Window into Exchange Rates, Economic Power, and Investment Insights
มุมมอง 296 หลายเดือนก่อน
The Big Mac Index: A Window into Exchange Rates, Economic Power, and Investment Insights

ความคิดเห็น

  • @tonysia6474
    @tonysia6474 12 ชั่วโมงที่ผ่านมา

    😅😅😅

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 3 วันที่ผ่านมา

    The enduring allure of Ponzi and pyramid schemes lies in their exploitation of human psychology and societal vulnerabilities. They are a stark reminder of the age-old adage that if something seems too good to be true, it probably is. Educating the public about the warning signs of such schemes, enhancing regulatory frameworks, and fostering international cooperation are crucial steps in mitigating the impact of these fraudulent activities. However, if there are individuals looking for quick financial gains, Ponzi and pyramid schemes will likely continue to find fertile ground. The fight against them is not just regulatory but deeply rooted in understanding and addressing the human propensity to seek easy rewards.

  • @ftft98
    @ftft98 3 วันที่ผ่านมา

    Not so funny how our government talks to other countries like we are the mafiosos. "Do as we say or we will crush you." Our modus operanti is big gun diplomacy!

  • @kittoybig
    @kittoybig 4 วันที่ผ่านมา

    Or else what? Bring it on, stupid!

  • @ronlumsden3164
    @ronlumsden3164 4 วันที่ผ่านมา

    Is this a joke . China wont join usa against russar. Usa is now the joke!

  • @sunnywu2464
    @sunnywu2464 4 วันที่ผ่านมา

    Follow me or I will put you in my menu 😅 .

  • @leoniegureghian7156
    @leoniegureghian7156 4 วันที่ผ่านมา

    A weak person’s back up is threats also showing inferiority complex! What a laughable cowardly action. Threats ? 😂🤣😂😂🤣

  • @tre_techie
    @tre_techie 6 วันที่ผ่านมา

    The US should stop their nonsense and go mate with a spider. China is not Gaza and some no-backbone western nations that the US can bully into submission. Those who think that China will dump Russia for US needs to get their head checked.

    • @mikeseconomicaffairs
      @mikeseconomicaffairs 3 วันที่ผ่านมา

      Thank you for your comment

    • @tre_techie
      @tre_techie 3 วันที่ผ่านมา

      @@mikeseconomicaffairs Merely stating a mastter of fact. lol

  • @user-oe3he5hd9f
    @user-oe3he5hd9f 6 วันที่ผ่านมา

    😂😂😂

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 10 วันที่ผ่านมา

    The U.S. strategy of using both carrots and sticks in its diplomatic dealings with China is a high-stakes manoeuvre that reflects the complexities of modern geopolitical dynamics. The effectiveness of this strategy will not only reshape U.S.-China relations but will also have far-reaching consequences for global stability and the international balance of power. As the U.S. attempts to coax China away from Russia with a mix of threats and opportunities, the global community watches with a mix of interest and concern at the potential for geoeconomic fragmentation.

  • @edwardjones4874
    @edwardjones4874 11 วันที่ผ่านมา

    New Worlds Powers yes yes yes

  • @hypocritehater1673
    @hypocritehater1673 12 วันที่ผ่านมา

    👍👍👍

  • @isokabooks3758
    @isokabooks3758 12 วันที่ผ่านมา

    Sanctions always stimulate Import Substitution Industries (UDI Rhodesia, Iran), but if you have no natural resources to process life can be hard (Cuba) if like Russia you have natural resources and trading partners outside the US Slave Market you may even thrive.

    • @mikeseconomicaffairs
      @mikeseconomicaffairs 10 วันที่ผ่านมา

      Cuba's proximity to the U.S. makes its situation the hardest to mitigate

    • @mikeseconomicaffairs
      @mikeseconomicaffairs 10 วันที่ผ่านมา

      Thank you for your comment

  • @teatree6228
    @teatree6228 14 วันที่ผ่านมา

    USA sanctioned 93 countries out if 198 countries

    • @mikeseconomicaffairs
      @mikeseconomicaffairs 10 วันที่ผ่านมา

      Thank you for your comment. That's a very high number!

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 16 วันที่ผ่านมา

    China's increasingly assertive stance on the global stage has raised concerns among Western powers about its role in enabling sanctioned regimes and undermining international efforts to address issues such as nuclear proliferation. Furthermore, the U.S. has sought to counter China's support for sanctioned countries through diplomatic pressure, economic incentives, and targeted sanctions against Chinese entities involved in facilitating trade with sanctioned nations. The ongoing rivalry between China and the U.S. in areas such as trade, technology, and geopolitics further complicates the dynamics surrounding the effectiveness of sanctions.

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 23 วันที่ผ่านมา

    The cyclical nature of Bitcoin's price changes due to halving events makes it a potentially attractive investment for long-term holders. Those who purchase Bitcoin ahead of a halving and hold onto it for years tend to see the best returns, as demonstrated by the increases that followed previous halvings. Miners may need to adjust their strategies by seeking more efficient mining hardware or lower electricity costs to maintain profitability post-halving. Joining mining pools can also help in distributing rewards more consistently, albeit in smaller amounts.

  • @pisablavatsky-cb3dd
    @pisablavatsky-cb3dd 24 วันที่ผ่านมา

    nezi west is really getting desparate

  • @garfield2742
    @garfield2742 28 วันที่ผ่านมา

    Chinese use fair price for their products, so 3rd countries can buy it, the price is equal exchange. Its ruined the neo imperialistic trade. Let 3rd countries in Asia, Africa rise ! So each of us strong enough to required the fair and equal trade

  • @thomasrogers9146
    @thomasrogers9146 28 วันที่ผ่านมา

    CHINA DOES NOT NEED THE WESTERN MARKETS FOR THIS STAGE OF ITS ECONOMIC DEVELOPMENT. CHINA HAS 18 TRILLION DOLLARS IN DOMESTIC SAVINGS 1 TRILLION A YEAR IN TRADE SURPLUS. THIS WHOLE IDEA THAT CHINESE DOMESTIC CONSUMPTION IS ONE OF THE DUMBEST ECONOMIC THEORIES EVER. THE CHINESE ARE SAVERS. THE CHINESE ARE MORE THAN WILLING TO HAVE LOW GDP NUMBERS IF THAT MEANS THEY ARE RICH IN CASH AND FONANCIAL PEACE OF MIND..BASICALLY THE WESTERN ARGUMENT IS TO HAVE MASSIVE GOVERNMENT AND CONSUMER DEBT IS GREAT AS LONG AS GDP NUMBERS LOOK GREAT. THIS IS CRAZY.

  • @thomasrogers9146
    @thomasrogers9146 28 วันที่ผ่านมา

    EVEN AS YOU SPEAK, THE U.S IS GIVEN BILLIONS OF SUBSIDIZIES TO AMERICAN SEMICONDUCTOR SECTOR TO BRING CHIP. MANUFACTURING BACK TO THE U.S. AS AN AMERICAN BUSINESS MAN THIS IS BEYOND CRAZY. TELLING CHINA TO STOP BEEN EFFECTIVE IS INSANE.

  • @63saruman
    @63saruman 29 วันที่ผ่านมา

    Rumors say that the Chinese are still laughing at Yellen.

  • @user-ty4wv1bf1q
    @user-ty4wv1bf1q 29 วันที่ผ่านมา

    Better take care of your own broke ass economy USA instead of lecturing others.

  • @euroe12
    @euroe12 หลายเดือนก่อน

    China looks at manufacturing differently than the West. They need employment more than profit and can deal with over capacity. China needs western $$$ to keep its economy going because internal consumption is lagging badly.

    • @mikeseconomicaffairs
      @mikeseconomicaffairs หลายเดือนก่อน

      Thank you for your comment. There are, of course, the basic questions: What does Janet Yellen really mean by "over-capacity?" And from whose perspective? And don't overlook the statecraft aspect of the whole issue.

    • @pisablavatsky-cb3dd
      @pisablavatsky-cb3dd 24 วันที่ผ่านมา

      china have vast internal market. so no problem unless nezi west parrot try to manipulate their narrative to align with nezi west narrative

  • @sc-to4uf
    @sc-to4uf หลายเดือนก่อน

    *What the heck is that all about?*

  • @asiaone999
    @asiaone999 หลายเดือนก่อน

    lectures China on economy... hahahaha

  • @eliso5973
    @eliso5973 หลายเดือนก่อน

    China ignored Yellen right the way, and Xi met Lavrov instead.

    • @mikeseconomicaffairs
      @mikeseconomicaffairs หลายเดือนก่อน

      Indeed! Thank you for your comment

    • @willengel2458
      @willengel2458 28 วันที่ผ่านมา

      there is no reason for China to say no when a foreign official ask for a visit. is there? don't forget China won't even answer the phone when US called not long ago and they voiced it through SCMP. the last campaign was "de-risking" launched by puppet Von der Liar. it's Yellen's turn to launch "Overcapacity."

  • @syedmaricar9946
    @syedmaricar9946 หลายเดือนก่อน

    It's all pride and prejudice. Foolish in this world we have to live with all the bullshit in this today's world go on living the way we like .

  • @qake2021
    @qake2021 หลายเดือนก่อน

    👍👍👍🇧🇷🇷🇺🇮🇳🇨🇳🇿🇦➕️‼️👏👏‼️

    • @mikeseconomicaffairs
      @mikeseconomicaffairs หลายเดือนก่อน

      Thank you for your comment. I see you BRICS!

  • @ablam8
    @ablam8 หลายเดือนก่อน

    The days when the USA could bully any or all countries is coming to and end. They, USA, cant face the truth. Go cry in a corner.

  • @wenyu637
    @wenyu637 หลายเดือนก่อน

    Please appear more for your valuable information with very clear guide.. ❤❤❤❤ Thanks.

  • @chongkt6469
    @chongkt6469 หลายเดือนก่อน

    No, it's about operating on a Rule Based Order ie. US rules😂

  • @daniellee8720
    @daniellee8720 หลายเดือนก่อน

    You are reading this as if America is a rational country run by rational people. You also assume that America have the right to police the world and tell others how to manage their own economies. Kissinger adaptlt said "To be america's foe is dangerous but to be its friend is Fatal" yellen is a no body, China hosting her is put of diplomatic courtesy.

    • @mikeseconomicaffairs
      @mikeseconomicaffairs 10 วันที่ผ่านมา

      Thank you for your comment. To be clear, I don't believe that the U.S. has a right to police the world; I actually take the opposite view. Perhaps my attempt at a neutral tone gave you that mistaken perception

  • @mikeseconomicaffairs
    @mikeseconomicaffairs หลายเดือนก่อน

    The relationship between the U.S. and China serves as a case study in the complexities of balancing free market ideals with realpolitik. Economic statecraft becomes a tool through which nations pursue their strategic interests under the guise of economic policy. This can include measures like export controls, sanctions, and the use of international financial institutions to influence global economic policies. The challenge lies in doing so without undermining the principles of free trade and the benefits it brings to the global economy. This dichotomy presents a challenge for global economic governance, requiring a nuanced understanding of how free markets can coexist with diverse economic models. It also raises questions about the adaptability of international trade rules and the World Trade Organisation's capacity to mediate these complexities.

  • @mikeseconomicaffairs
    @mikeseconomicaffairs หลายเดือนก่อน

    Workers' parties continue to be important players in the political landscape. They provide a platform for workers to voice their concerns, mobilise for collective action, and bring about meaningful change. In many countries, workers' parties have become a fundamental force in shaping policy debates and advocating for workers' rights. Workers' parties have a rich history and significant impact on the lives of working people. They serve as vehicles for social change, striving to create fairer and more just societies. While they face challenges, their dedication to workers' rights and social justice continues to be an inspiration for millions around the world.

  • @mikeseconomicaffairs
    @mikeseconomicaffairs หลายเดือนก่อน

    Professionals conducting due diligence must possess the ability to unearth hidden risks and opportunities, recognizing that a nuanced understanding of the broader economic landscape is essential. Moreover, the process demands a commitment to ethical practices, ensuring that all information is obtained through legal and transparent means. Due diligence in finance is a comprehensive and systematic investigation that transcends numerical analyses. It encompasses an intricate examination of financial, legal, and operational facets, aiming to provide stakeholders with a holistic understanding of the risks and opportunities associated with a potential investment or transaction. As a safeguard against uncertainties, due diligence serves as an indispensable tool in the hands of decision-makers navigating the intricate terrain of financial dealings.

  • @Chuck-ou3xo
    @Chuck-ou3xo หลายเดือนก่อน

    'PromoSM'

  • @mikeseconomicaffairs
    @mikeseconomicaffairs หลายเดือนก่อน

    The accumulation of massive debt and the dependence on the dollar make the global economy vulnerable to shocks, such as financial crises or shifts in economic policies. In recent years, there have been discussions about potential alternatives to the US dollar and calls for a more diversified global currency system. The rise of digital currencies and regional economic blocs are shaping a complex landscape for the future. As we navigate an ever-changing financial landscape, understanding these dynamics becomes essential for policymakers, economists, and citizens alike.

  • @mikeseconomicaffairs
    @mikeseconomicaffairs หลายเดือนก่อน

    TikTok's saga isn't just about an app-it's a cautionary tale. It's a warning to Chinese tech companies eyeing global expansion amidst geopolitical tensions. It's a reminder of the complexities of navigating different regulatory environments and the far-reaching implications of the China-U.S. tech rivalry. As this infinite game unfolds, it's clear the tech sector has become a battleground for power and influence. TikTok's story is just one chapter, but its lessons reverberate far beyond social media. It's a call for nuanced understanding, constructive engagement, and dialogue to navigate shared challenges while safeguarding our rights and fostering global innovation.

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 2 หลายเดือนก่อน

    The aftermath of coups is devastating. Political instability, economic turmoil, humanitarian crises-the ripple effects are felt far and wide. Development stalls, investments flee, and lives are lost in the chaos. International isolation follows, with sanctions and diplomatic pressure compounding the woes of coup-plagued nations. But amidst this grim reality, there's hope. To break the cycle, Africa must tackle corruption, strengthen governance, and ensure equitable distribution of resources. International solidarity and support for democracy are crucial in this endeavour. So, as we navigate the complexities of Africa's political economy, let's not lose sight of the path forward-a path paved with resilience, reform, and the collective pursuit of a brighter tomorrow.

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 2 หลายเดือนก่อน

    Economics offers valuable insights into human behaviour and societal interactions from both microeconomic and macroeconomic perspectives. While the worm's view focuses on the actions of individual economic agents within specific markets, the bird's eye view provides a broader understanding of aggregate economic phenomena at the national or global level. Recognising the complementary nature of these perspectives is essential for comprehensively analysing economic systems, formulating effective policies, and fostering sustainable economic development. By integrating insights from both the worm's view and the bird's eye view, economists can gain a more holistic understanding of the complexities of modern economies and contribute to informed decision-making for the betterment of society.

  • @kabzaify
    @kabzaify 2 หลายเดือนก่อน

    Russia has lost nothing, as far at the war at most 50 thousand dead. Russia has the scientific technological industrial capacity to outlast the west. Russia with less than half the population of America, produces as STEAM graduates as America. Russia is in the top 5 of all strategic metals in the world, a truly self sufficient country. The real power in Europe.

  • @JP-ve7pp
    @JP-ve7pp 2 หลายเดือนก่อน

    They are only working against the European countries that made the stupid mistakes to apply them!

  • @pjhgerlach
    @pjhgerlach 2 หลายเดือนก่อน

    It's better than funding Russia's genocidal war.

  • @simian_essence
    @simian_essence 2 หลายเดือนก่อน

    Partly. But weakly because of less than possible enforcement. Enforcement is weak because it hurts the sanctioning countries' companies and ultimately therefore their economies.

  • @Cyber-BuIIy
    @Cyber-BuIIy 2 หลายเดือนก่อน

    Peace and love all around the world. Thanks for posting sir

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 2 หลายเดือนก่อน

    The true impact of the sanctions may lie beyond immediate economic indicators. The disruption to supply chains, the isolation from Western technology and expertise, and the reputational damage Russia has incurred will have long-term consequences. These could hamper economic growth, hinder technological advancement, and limit Russia's integration into the global economy for years to come. The sanctions have also sparked a wider geopolitical chess game. Russia has sought to forge closer ties with China and other non-Western powers, potentially altering global trade and investment patterns. Additionally, the sanctions have contributed to rising food and energy prices worldwide, impacting developing countries disproportionately and raising concerns about global economic stability.

    • @brendanh8193
      @brendanh8193 2 หลายเดือนก่อน

      As with everything economic and scientific, it is complex. Unlike many other countries, Russia has the industrial capacity, food capacity and natural resources to be self contained. So there always was a potential to snub the world and go it alone. However, apart from the nuanced elements that you have already mentioned, there are three key factors that make it very difficult for Russia to maintain this approach "irrespective of sanctions", in the long term. These are demographics, technology and education. Demographically, Russia is aging out of its own capacities to maintain a vibrant economy. It already had a poor birth rate, but additionally has a poor life expectancy. Furthermore, with potentially 1/2 a million casualties during this war (upper end of estimates, but likely to exceed this before it ends), and the loss of up to a million draftable knowledge workers (that fled the country), the capacity to have a restoring generation is quickly fading. This hits the future consumer base, making it difficult to restore the economy once peace does occur. Technologically, Russia has been falling behind in recent decades. It's top-down political approach makes it difficult to have an entrepreneurial outlook among the population, therefore they are likely to fall further behind as time continues. This is one of the reasons that technology sanctions do work - they are unable to make the components necessary for modern warfare, so sourcing them in large numbers is tricky. Each of those sources could dry up as sanctions are policed better. Finally education, Russia attempted to reduce its educational expenditure before USSR broke apart, and has never properly recovered. This means that a significant proportion of its technically educated workforce is aging out, both hitting retirement age and/or dying. This is another element that will hit their capacity to innovate, therefore their prospects of climbing out of their economic damage occurring now.

    • @doctorsloth213
      @doctorsloth213 2 หลายเดือนก่อน

      @@brendanh8193 Russia along with the rest of the soviet socialist republics failed, I expect the same again.

    • @mikeseconomicaffairs
      @mikeseconomicaffairs 2 หลายเดือนก่อน

      @@brendanh8193 Thank you for your comprehensive comment sharing your perspective on the issue, much appreciated.

  • @mikeseconomicaffairs
    @mikeseconomicaffairs 2 หลายเดือนก่อน

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    @mikeseconomicaffairs 3 หลายเดือนก่อน

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