the old Russian tank T-55 consumes approx. 300 L of oil per hour. It has tanks that have a capacity of about 900 L. A little math and everything is as clear as a sunny day....
@@KDean22 unfortunately, I was in the war as a Croatian defender. War is not just shooting. 90% is a matter of logistics. Protect yourself and the soldiers around you, don't take risks without real need and be awake at night. There is no alcohol or drugs on the front line, just a clear head. That's the only way you'll survive. And a little luck...
@@TenylegMinekez-uc7co Capacities are one thing, but how much they actually work is another. All refineries in the polar part of Russia are closing because they have no one to sell their products to. India and China are turning them into a cheap source of energy....anything that Ukraine shuts down right now has an impact on opportunities in Russia.
Wonderful interview Jason! Some great insights and observations especiallly w.r.t. china. So much to make a successful video: obviously the guest has to be very knowledgeable about the subject and the questions have to be probing and on-point. But the video and audio also have to be excellent and you guys nailed it! Well done/ Thanks!
There are other ways! At the end of 2024, a 5 year agreement expires governing one of the oldest and biggest economic links between Russia and Europe: the transit of Russian gas through the territory of Ukraine. Kyiv has already said it will not extend the agreement. Russia would take a financial hit if it could no longer transport its gas via Ukraine. There are no equivalent alternative markets for the Yamal gas currently sold to Europe, and that will not change significantly, even with the construction of the Power of Siberia 2 pipeline to China (no earlier than 2030) and an LNG plant on the Baltic Sea (currently planned for 2026-2027). The combined capacity of those two new projects is approximately half of the volume by which supplies to Europe have already decreased.
That pulter is promising to spend more on the army is a given. That he is promising to spend on social needs is interesting. He "needs" to spend on the military, he will take the money from anywhere and everywhere he can get it. Where is he going to get the money money to spend on housing, education, healthcare, infrastructure. He has spent almost all of the countries "savings". As you said, he "needs" to promise social spending to deal with building unrest, but I think he will play shell games with the actual spending. Promise lots of "shiny" new spending, start a few big visible projects, but delay and hollow out the spending on the rest of the promises.
I expect labor shortages to crop up in the Russian oil refining industry. Did Gazprom employees think they would working on the front lines when they signed up?
They are short about 160k of workers in military industry. They even w accepting 14 year olds to work in factories… Russia is definitely running short on labor force.
Not only Russia’s refining capacity could be targeted. Destroying crude oil supply to China’s would prove disastrous to Russia and send a signal to China. North America is essentially self sufficient in supplying its petroleum needs, but a too major reduction in global supply could affect the price of oil to Europe.
Printing money doesn't work like that you can print trillions of rubles just devaluation the currency making it worthless African countries tried it many times if it was that easy every country would have the best army equipped ever
The Russian infrastructure is literally falling apart! We saw in the winter lack of electricity, heating problems, dams bursting causing horrible floods, giant potholes, burst water mains etc, etc!!
I had assumed that the refinery strikes were meant not to inhibit oil exports, but to prevent them from making the refined products such as diesel and aviation fuel. Attacking refineries stops refining, not oil exports. Am I missing something?
If oil throughput gets reduced enough, it could force oil wellheads to be shut in. Given Russian expertise in this field, combined with arctic weather, that could easily become a permanent condition.
Oil is integrated and there are only so many storage tanks. If you cannot store the refined products you cannot refine the crude. Thus the whole system backs up. The Ukraine attacks are designed to pressure the Russian logistics. It just so happens that the majority of Russian oil facilities sit between the Caucasus and the Black Sea. A lot of targets for Ukraine to choose from. The impacts o inflation, government income and everything else will take many years to effect the military situation.
I think he used "oil exports" as a general term to include all hydrocarbon production. That being said, refined petroleum products make up about 28.6% of total export revenue and crude is 27.3%. If you can stop refinement, you have to shut down crude as well unless you have storage for the crude, which most don't to that volume of storage. Refineries are also more costly so it's a better cost ratio to target them.
He missed the point about oil refineries. Oil refineries are for domestic use of gas and diesel. Last fall Russia had a near crisis when farmers were not able to get enough diesel to operate equipment to harvest fall crops because so much of it was being sent to fight in Ukraine. Since that time, Ukraine has destroyed many of Russia's 32 oil refineries, knocking them offline for months at a time. it is very likely this is going to cause a huge crisis in the fall for Russia, and will make the farmer's suffer even more with shortages and high prices than they did last year.
@@TenylegMinekez-uc7co The AP, Reuters, BBC, or any [legitimate] western press, even Al Jazeera will probably say the same. I can't remember which one I watched and learned about it, but it was pretty good in depth reporting, Ukraine started targeting their refineries earlier this year, months ago already. This is literally "old news". From what I remember, Russia was already having some internal gas/fuel supply logistical problems, and this was probably going to make it much worse. They'd better hope Ukraine don't go after the wells, because Russia didn't build that infrastructure, and they sure AF don't have the technology to. They can barely maintain the infrastructure since the western oil companies pulled their experts out, and all the smart people have already left Russia. If they take out the wells, those won't come back online *for decades.*
Even at the height of the Cold War arms race* in the late 1980s, military spending in the US never exceeded about 27.5% - falling to a low of 11% in 2020-2021. Today it sits at 13.3%. Russia is spending 50%.. so just let that sink in. (* that would be the arms race that went a long way in bankrupting the USSR)
The height of the Cold War arms race was in the 1960’s. By the 1980’s the USSR had already declined enough for them to institute Perestroika and by 1987, they were already reducing nuclear arms via the INF Treaty.
We should have ramped-up Defense spending during the “peace dividend” and been in a position to sell even more from our previous generation weapons to defenders, while pushing even more blistering technology for our own deterrent forces.
I do not understand from where you get these percentages. The US spends perhaps 3% of its economy -- not anything close to 27% -- on the military. The money spent comes from Congress. Congressional bills are all public. There are "black" elements in the bill, but these are "unspecified funds", for exmple, monies for black ops. But the amount spent is nothing like the amounts you are quoting. Unlike Russia, the entire US governmetn economy -- all Departments, all bill spending, are audited. The audits are public.
Two minutes in and Dr. Tom used more "ums" and "uh's" than I've ever heard anyone speak before. So annoying it ran me off. Will get this news elsewhere.
While we put all this negative pressure on Russia, we should also be looking for ways for them to save face when they back-off. The reason Russian democracy failed, was because of the way the West tried to take advantage of them when the wall came down. We need to help them make democracy work for the people, not just oil companies.
They only have hypersonic shovels and FABS powered by washing machines chips left, and the great "Ghost of Kyiv" shall hover above for the greater glory of NATO once again!!!! GAME CHANGERS!!! LOL - endless WINNING!!!
For a supposedly expert doesn’t really knows much that me and you can analyze on our own… must be out of work and needs to go on second rate media channels to keep his lack of knowledge still relevant. What a waste of time.
I'm no economist but just looking up the Russian National wealth fund stands at about $141 billion and has gone up each month in 2024. but Dr Duestberg says they're burning through it? Any comments from anyone or Dr Duessberg?
Yes, sympathetic as I might be to Ukraine, I want to hear objective analysis from those who are considered experts in the field like this speaker. Interesting arguments become invalid if you can't trust their figures...
@@jeffoliver4852 How do you know what figures to trust? It seems obvious that Russia is eating its seed corn to keep this destructive operation going. Certainly not sustainable.
You are reading information provided by Russia. Try to find a source for the information and if you can you will find it is a Russian source. This is why western media should be ashamed to use Russian sources without making it abundantly clear.
the Future will tell if these predictions are just lies .... countless times we have heard that Russia will be defeated in no time. But see the BRICS development for yourself, they are prospering and Russia seems to be too.
@@NexPutax Nice try. Actually, we will see what Trump has in store once he's elected. At that point he'll be safely past any chance of losing due to Kremlin efforts to undermine whichever of the two presidents appears the more hawkish. He'll then be in a position to reveal his aims candidly and in detail. In the meantime he's (wisely) bearing in mind that US elections tend to be very close. For my part I expect him to aggressively confront Putin if and when he's elected.
The latest case in point: the marvellous new S-500 air defense system, the very first example of which is now in smoking ruins in Crimea. It's not up to the task. Its R&D, wasted. Its production line, useless. Export sales, _poof!,_ gone. Billions in investment, all those resources, all that hope, lost.
@@fbksakskier He wants a strong NATO with the US in it. But it can't be strong until Europe puts more into it. He knows what he's doing. He knows that decades' more pleading wouldn't do a thing. There are signs that what he's doing is working.
China's lot may have just gotten a lot tougher; recently a phosphate deposit was discovered in Norway, near it's southern coast. This find could feed 50% of world wide demand for this base for making fertilizer for the next few decades if developed. One of the arrows in China's current bow was their control of 30% of that market and the majority of the rest in other "less than friendly to the West" nations. Btw, China's export market isn't returning like it used to- wages in China, once the lowest in the world are many times higher now, making other nation more attractive just as China has made herself less attractive to foreign manufacturers, and the rapidly declining foreign investment is really showing now- along with several other self inflicted financial wounds.
China needs less FDI because it's not building more factories. Have you not heard of all the criticism on Chinese overcapacity by the western world? Export market are doing poorly because the west is about to enter recession. Europe is weak as hell and the US deficit spending will eventually end.
India, Vietnam and Mexico are thriving from export demands from the US/EU. China's internal demands and pivoting to BRICS countries will not be enough.
There are huge amounts of discovered but underveloped phosphate deposits in Canada so we don't even need to talk about any "new" phosphate discoveries anywhere in the world.
One of those real Tragic issues Facing russia , Infrastructure You don't spend the money Your roads, You're Bridges , state owned businesses , Electrical grid Fall into decline for lack of maintenance once you get behind You probably double the cost The russian people will suffer for this There is no money for social programs When people look to the government for help
The war is being fought on the operational/tactical level by both sides, But in the strategic war Ukraine is/has been far more focused once it's major objective moved from survival to ejection of the invader. ruZZia indiscriminately destroyed Ukrainian infrastructure, but it's own energy production capacity may be in tatters by the time it is forced to capitulate. Перемога Україні 🇺🇦
Based on wishful thinking data? The reality is that Ukraine runs out from everything earlier than Russia. Elongated war is the worst thing could happen (actually for everybody, even Europe, except of the USA who makes huge profit). But anyway, there was a peace plan in 2022 with no taken land and a discussable status of Crimea and the only important thing was neutrality from Ukraine...what a good deal they made...for the USA...
I'm looking at Russia's past; 1917 economic collapse. 1991, economic collapse, 202*,another economic collapse. All Ukraine has to do is ride out the time as Russian oil revenue will shrink as time marches on due to global EV sales impacting oil price later this decade. When that happens, they will collapse. History doesn't lie.
Not really, as the vast majority of oil leaves Russia via pipelines and ports and facilities in its Far East. What it actually does is reduce the supply of fuel (Diesel and gasoline) to Russia’s military fighting in Ukraine.
Every strike hurts the enemy , some more then others . Oil refinies are great targets of high impact . Try walking to the next city and feel the impact .
We spent 7 or 8 trillion in the middle east and stayed there for 20 yrs and we can still afford a two trillion dollar taxcut for the rich yet Russia is going broke after two years in eastern ukraine😮
Keep in mind that refined oil isn’t just something Russia exports for cash. Russia also needs refined oil for its civilian population and military machine. We will probably reach the point where Russia flips to refined oil importer.
I just watched what I consider to be a very interesting and informative video about China's banks on the Lei's Real Talk channel titled "Why China’s banks are already bankrupt." I'm not a banker but my dad was and his parents were. I studied engineering so I only picked up the broad strokes about banking from dad. But I did learn how banks earn money. Pay depositors less interest than the interest you charge borrowers. There has to be a big enough margin to cover administrative costs and bad loans. According to Lei China's banks are in deep doodoo. She also does discuss the relationship with the ruble and the dollar. Grab some popcorn or a beer, it's 47 minutes long. and warning, the comments are full of CCP trolls. Slava Ukraini !!
Here’s a basic idea about Chinese banking: Imagine a world where Chinamen don’t pilfer the banks they have charge over even if everything else was doing well. What are the real numbers? Who does the auditing?
@yamaneko-ex8fy This might appear a bit spammy, but i confirm that both of them are the best inside sources and critics of those two regimes. For more entertaining mythbusting about the former also see - The China Show, (also -"- Uncensored), SerpentZA or Laowhy86. On Russia, oh boy, too many to list. Sanctioned Ivan, and many other exiled Russians do mostly a good job, so does Dozhdj, not to mention that many non-russian pro-Ukraine European vloggers have great insights if you search for it. Economy-wise even from US, like Economy&Macro and Jake Broe.
Couldn't Russia offer China something China is wanting: 99 year lease on 'Siberia' for oil, natural gas, Pacific Sea Port, and extremely important is Fresh Water for the Northern Chinese Plain?
Not only is Russian National Wealth Fund being depleted, the currencies held are not globally tradable. De-dollarisation remains a foolish move, making Russia not only at economic risk from the West, but dependent on China’s continuing good will too.
Alas, they dont need an economy - regimes like Cuba and North Korea also lack such, but still survice. It only helps as catalyst when Ukraine makes significant military gains and delivers a strategic humilitation to Russia, like retaking Crimea for example - or other serious terrain.
The US are also a huge country. You can compare it in size to all the countries in Europe. GDP worldwide: 23,5% EU, 21,8% US, 12,7% China. The Russian GDP equals more or less the Italian GDP. But Russia is the biggest country in the world - nearly double the size of the US.
Yes it will be cold in Ukraine but that is because of russian war crimes so we have a Russian troll admitting to Russian war crimes,Ukraine will have warm free hearts , Russia Will have cold totalitarian hearts and Russia will have to capitulate and leave Ukraine and Ukraine will rebuild and Russia won’t
Since it appears that Russia's economy is largely based on the war, can Russia afford to stop waging the war? If the Russian War on Ukraine ended, wouldn't the Russian economy collapse?
@@afcgeo882 I get what you said, but the non-war economy, i.e. businesses selling things, goods and services, have all been cut off from most other countries. The EU, India, even China has found sources that are not Russian. Even if the war stopped, there would be no post-war economy in place to keep things moving in Russia.Will the government start giving out money to all though unemployed tank builders?
It is a fair question. After the end rebuilding will require enormous amounts of money. That work could take some part of the war economy in some areas, but will be more devastating IMHO than war losses. If Russia will be able to somehow survive the period of rebuilding and infrastructure upgrades (as part of pacification) the lands and new population could be profitable. But big IFs are there.
@@roberttai646 That has nothing to do with war though. It’s just that Russia is cut off from the world market. Yes, it’s a huge long-term issue for them, but stop bringing the war into this. A war economy isn’t propping them up. It brings no additional revenue, creates no additional GDP. It’s just a re-allocation of production. Russia managed almost a century under communism with similar conditions.
According to the best estimates: if Russian oil sales before the war was 100, how much is it today ? And isn't Russia slowly finding ways to compensate the loss of sales to the West by selling to other countries (which takes some time to organize). I mean; Chinese eat oil and gas like Americans eat hamburgers, and other countries like North Korea etc. too are interesting in buying or trading, exchanging, whatever... So: do we actually know how effective the embargo is ?
Yes, but the prices have fallen because the demand for their oil plunged. In a sense, there are now two distinct grades of oil on the international market: Russian and non-Russian. Because the West stopped buying Russian oil, its value fell. That caused many less developed nations to switch to buying Russian oil, but still at very low prices (they aren’t going to pay more). At the same time, Russia is increasing production to sell more of it, to get more revenue. That, in return, lowers oil prices too. That’s why long-term it’s a failing strategy. Since those nations switched to Russian oil, the demand for all other oil didn’t go up, so the prices have stabilized.
Russia can sell more oil than ever... as long as it doesn't profit them. The West doesn't care about volume, but $$$. No money to fund the war? Perfect!
Russian economy still could survives from oil and gas sell,which they export to China and India. Russian oil and gas products will collapse if Ukraine could destroy its completely.
No Americans desire the destruction of Ukraine. Some desire the destruction of Russia Some want Europe to contribute more to Ukraine & America less Some want peace regardless the "winner" 🇨🇦💕🇺🇦🇨🇦💕🇺🇸
Thanks for showing so much concern for Russia. With 380 billions of dollars in assests in USA and Brussels. Russia has a very good advantage. Area is vast population is small. Natural resources so vast USA has been trying to plunder since several decades . Russia has been through such circumstances before also. PUTIN has taken Russia to a new level of greatness
No one wants to steal Russian resources except the Russian oligarchs. Putin appreciates your support, the rest of us couldn't care less about that propaganda.
So far, not so great in taking over Ukraine in three days as promised. Russia has, as you say, vast natural resources. Russia also has a highly educated population but has per capita income below virtually all of the past Soviet satellites. I'd say they would be better off dumping Putin and surrendering to Poland, Romania or Hungary. Or, for that matter, any of the other 51 countries that are doing better.
@@jjhpor at the moment all of EU and NATO and USA is worried that after running through Ukraine Russia will invade Europe. All EU nations have started mobilization arms race. USA is petrified
What happens to a gas station masquerading as a nation when there’s no more gas?
they can still export mail-order brides
It gets shut down… then demolished and something else is build on it’s place…
They still have plenty of gas but their pumps and pipes are getting busted
@@pgabrieli. They do export children.
China wants Russia‘s fresh water and their lands back.
No fuel= no motor turning= no generator, no train,no truck, no tank, no war
the old Russian tank T-55 consumes approx. 300 L of oil per hour. It has tanks that have a capacity of about 900 L. A little math and everything is as clear as a sunny day....
THE WHOLE FUCKN TRUTH
@@KDean22 unfortunately, I was in the war as a Croatian defender. War is not just shooting. 90% is a matter of logistics. Protect yourself and the soldiers around you, don't take risks without real need and be awake at night. There is no alcohol or drugs on the front line, just a clear head. That's the only way you'll survive. And a little luck...
@@robertstimac2428 if you do the math on Russian refinery capacity, you will see that it will not bring the Russians down.
@@TenylegMinekez-uc7co Capacities are one thing, but how much they actually work is another. All refineries in the polar part of Russia are closing because they have no one to sell their products to. India and China are turning them into a cheap source of energy....anything that Ukraine shuts down right now has an impact on opportunities in Russia.
Intelligent, concise, apolitical facts. Refreshing.
Slava Ukraine
Ruzzia kept being Ruzzia in the past until it fell apart for lack of money. Didn’t learn from History.
Funnily Ukrainians went to work to Russia and countries like Hungary to earn higher wages compared to Ukraine.
Third year into Putin's three day war.
Gen Mikey speaking 🙃🙃🙃
I notice that the Russian agents have stopped pretending that it wasnt a planned 3-Day Special Military Operation.
@@PeterLamin-pi6rv ?????
Special time dilating operation
@@RalphDavis-qk2xy The guy wanted to note that the 3 day statement came for Milley, not from Russia.
Wonderful interview Jason!
Some great insights and observations especiallly w.r.t. china. So much to make a successful video: obviously the guest has to be very knowledgeable about the subject and the questions have to be probing and on-point. But the video and audio also have to be excellent and you guys nailed it! Well done/ Thanks!
Very objective and cool headed information coming from this man. He speaks almost in third person with no bias to either side.
Why is Russia’s LNG industry untouched?
Someone is making a bank on it… just follow the money…
There are other ways! At the end of 2024, a 5 year agreement expires governing one of the oldest and biggest economic links between Russia and Europe: the transit of Russian gas through the territory of Ukraine. Kyiv has already said it will not extend the agreement. Russia would take a financial hit if it could no longer transport its gas via Ukraine. There are no equivalent alternative markets for the Yamal gas currently sold to Europe, and that will not change significantly, even with the construction of the Power of Siberia 2 pipeline to China (no earlier than 2030) and an LNG plant on the Baltic Sea (currently planned for 2026-2027). The combined capacity of those two new projects is approximately half of the volume by which supplies to Europe have already decreased.
@@seanlander9321 small capacity is close to Finnish border(Portovoya) rest in arctic, incomplete mostly. Out of range? Insignificant?
@@NexPutax The Russian shadow fleet is transporting very large amounts of LNG to Europe.
Reducing their oil refining limit the fuel supply they need for the military and commercial use which indeed benefits 🇺🇦
Ukraine even gets oil from the West. Russia is self-sufficient on oil production.
That pulter is promising to spend more on the army is a given. That he is promising to spend on social needs is interesting. He "needs" to spend on the military, he will take the money from anywhere and everywhere he can get it. Where is he going to get the money money to spend on housing, education, healthcare, infrastructure. He has spent almost all of the countries "savings". As you said, he "needs" to promise social spending to deal with building unrest, but I think he will play shell games with the actual spending. Promise lots of "shiny" new spending, start a few big visible projects, but delay and hollow out the spending on the rest of the promises.
I expect labor shortages to crop up in the Russian oil refining industry. Did Gazprom employees think they would working on the front lines when they signed up?
They are short about 160k of workers in military industry. They even w accepting 14 year olds to work in factories… Russia is definitely running short on labor force.
That was an excellent interview, thank you.
Not only Russia’s refining capacity could be targeted. Destroying crude oil supply to China’s would prove disastrous to Russia and send a signal to China. North America is essentially self sufficient in supplying its petroleum needs, but a too major reduction in global supply could affect the price of oil to Europe.
Well at least little Poots has his printing presses ready to print up lots & lots of rubles. That should take care of russia's lack of money. LOL!!
Printing money doesn't work like that you can print trillions of rubles just devaluation the currency making it worthless African countries tried it many times if it was that easy every country would have the best army equipped ever
Thank you
thanks
The Russian infrastructure is literally falling apart! We saw in the winter lack of electricity, heating problems, dams bursting causing horrible floods, giant potholes, burst water mains etc, etc!!
That’s normal Russia.
You mixed the countries.
@@TenylegMinekez-uc7co He mixed nothing. You forgot to name your account “Russian bot #1346”
Anne, where did you live, exactly? I saw nothing of the kind...
@@dmitrinizovtsev3550 Probably in Ukraine and she thinks that is Russia...
Add a tariff to all Chinese goods to pay for the war in Ukraine.
I had assumed that the refinery strikes were meant not to inhibit oil exports, but to prevent them from making the refined products such as diesel and aviation fuel. Attacking refineries stops refining, not oil exports. Am I missing something?
Yeah, I think the interviewee missed that. Crucial detail though.
You are correct. They attacked refineries and port facilities that export ready petroleum products (not crude oil).
If oil throughput gets reduced enough, it could force oil wellheads to be shut in. Given Russian expertise in this field, combined with arctic weather, that could easily become a permanent condition.
Oil is integrated and there are only so many storage tanks. If you cannot store the refined products you cannot refine the crude. Thus the whole system backs up. The Ukraine attacks are designed to pressure the Russian logistics. It just so happens that the majority of Russian oil facilities sit between the Caucasus and the Black Sea. A lot of targets for Ukraine to choose from. The impacts o inflation, government income and everything else will take many years to effect the military situation.
I think he used "oil exports" as a general term to include all hydrocarbon production. That being said, refined petroleum products make up about 28.6% of total export revenue and crude is 27.3%. If you can stop refinement, you have to shut down crude as well unless you have storage for the crude, which most don't to that volume of storage. Refineries are also more costly so it's a better cost ratio to target them.
He missed the point about oil refineries. Oil refineries are for domestic use of gas and diesel. Last fall Russia had a near crisis when farmers were not able to get enough diesel to operate equipment to harvest fall crops because so much of it was being sent to fight in Ukraine. Since that time, Ukraine has destroyed many of Russia's 32 oil refineries, knocking them offline for months at a time. it is very likely this is going to cause a huge crisis in the fall for Russia, and will make the farmer's suffer even more with shortages and high prices than they did last year.
Any source?
@@TenylegMinekez-uc7co
Wishful thinking
@@TenylegMinekez-uc7co The AP, Reuters, BBC, or any [legitimate] western press, even Al Jazeera will probably say the same. I can't remember which one I watched and learned about it, but it was pretty good in depth reporting, Ukraine started targeting their refineries earlier this year, months ago already. This is literally "old news".
From what I remember, Russia was already having some internal gas/fuel supply logistical problems, and this was probably going to make it much worse. They'd better hope Ukraine don't go after the wells, because Russia didn't build that infrastructure, and they sure AF don't have the technology to. They can barely maintain the infrastructure since the western oil companies pulled their experts out, and all the smart people have already left Russia. If they take out the wells, those won't come back online *for decades.*
Even at the height of the Cold War arms race* in the late 1980s, military spending in the US never exceeded about 27.5% - falling to a low of 11% in 2020-2021.
Today it sits at 13.3%. Russia is spending 50%.. so just let that sink in.
(* that would be the arms race that went a long way in bankrupting the USSR)
Lets keep in mind russia economy is smaller that spains
The height of the Cold War arms race was in the 1960’s. By the 1980’s the USSR had already declined enough for them to institute Perestroika and by 1987, they were already reducing nuclear arms via the INF Treaty.
We should have ramped-up Defense spending during the “peace dividend” and been in a position to sell even more from our previous generation weapons to defenders, while pushing even more blistering technology for our own deterrent forces.
@@mindaza0 No. By GDP, Russia is #11 and Spain is #15. It is behind Brazil, Italy and Canada though.
I do not understand from where you get these percentages. The US spends perhaps 3% of its economy -- not anything close to 27% -- on the military. The money spent comes from Congress. Congressional bills are all public. There are "black" elements in the bill, but these are "unspecified funds", for exmple, monies for black ops. But the amount spent is nothing like the amounts you are quoting. Unlike Russia, the entire US governmetn economy -- all Departments, all bill spending, are audited. The audits are public.
Two minutes in and Dr. Tom used more "ums" and "uh's" than I've ever heard anyone speak before. So annoying it ran me off. Will get this news elsewhere.
While we put all this negative pressure on Russia, we should also be looking for ways for them to save face when they back-off. The reason Russian democracy failed, was because of the way the West tried to take advantage of them when the wall came down. We need to help them make democracy work for the people, not just oil companies.
Why this obsession with blaming others for your own faults. The reason democracy failed in russia is because russians SUCK at democracy.
They only have hypersonic shovels and FABS powered by washing machines chips left, and the great "Ghost of Kyiv" shall hover above for the greater glory of NATO once again!!!! GAME CHANGERS!!! LOL - endless WINNING!!!
Listened to this when cleaning up... All i hear was "æææh.... eeeeh...." Terrible way to talk. People do not hold out talks like this.
They are buying stuff abroad with gold.
They have to use gold.
If you mention "rouble" you'll hear hysterical laughter from the other end of the phone.
For a supposedly expert doesn’t really knows much that me and you can analyze on our own… must be out of work and needs to go on second rate media channels to keep his lack of knowledge still relevant. What a waste of time.
I'm no economist but just looking up the Russian National wealth fund stands at about $141 billion and has gone up each month in 2024. but Dr Duestberg says they're burning through it? Any comments from anyone or Dr Duessberg?
How can it go up with the war expense, predations, and sanctions?
Yes, sympathetic as I might be to Ukraine, I want to hear objective analysis from those who are considered experts in the field like this speaker. Interesting arguments become invalid if you can't trust their figures...
@@jeffoliver4852 How do you know what figures to trust? It seems obvious that Russia is eating its seed corn to keep this destructive operation going. Certainly not sustainable.
You are reading information provided by Russia. Try to find a source for the information and if you can you will find it is a Russian source. This is why western media should be ashamed to use Russian sources without making it abundantly clear.
Look at the recent statistic. You are talking nonsense
I just think they favor Mather Russia in this conflict
I had to turn off - Err.... err..... err..... errr..... errr.......... errrr....... err...... errrrr....errrr..... errrr.... AAARRRGGHHH!!!!!
"fleeing of manpower and 500k dead" on point for a dumb F
Never believe propaganda or the reality will be bitter.
Censorship works pretty well here.
the Future will tell if these predictions are just lies .... countless times we have heard that Russia will be defeated in no time. But see the BRICS development for yourself, they are prospering and Russia seems to be too.
By whose reconning?
Putin is great on promises, but hopeless at delivering.
You are describing his sycophantic minion №45 perfectly!
@@NexPutax Nice try. Actually, we will see what Trump has in store once he's elected. At that point he'll be safely past any chance of losing due to Kremlin efforts to undermine whichever of the two presidents appears the more hawkish.
He'll then be in a position to reveal his aims candidly and in detail. In the meantime he's (wisely) bearing in mind that US elections tend to be very close. For my part I expect him to aggressively confront Putin if and when he's elected.
The latest case in point: the marvellous new S-500 air defense system, the very first example of which is now in smoking ruins in Crimea.
It's not up to the task. Its R&D, wasted. Its production line, useless. Export sales, _poof!,_ gone. Billions in investment, all those resources, all that hope, lost.
He and Donald DeMented are two such feckless strongmen wannabe.
@@fbksakskier He wants a strong NATO with the US in it. But it can't be strong until Europe puts more into it. He knows what he's doing. He knows that decades' more pleading wouldn't do a thing. There are signs that what he's doing is working.
The one thing Russia seems to dominate at is the number of oafish social media comment trolls.
It is SO evident, it's embarrasing
👍👍👍👍👍 This is the kind of informative videos we need more of!!! 👍👍👍👍
China's lot may have just gotten a lot tougher; recently a phosphate deposit was discovered in Norway, near it's southern coast. This find could feed 50% of world wide demand for this base for making fertilizer for the next few decades if developed. One of the arrows in China's current bow was their control of 30% of that market and the majority of the rest in other "less than friendly to the West" nations. Btw, China's export market isn't returning like it used to- wages in China, once the lowest in the world are many times higher now, making other nation more attractive just as China has made herself less attractive to foreign manufacturers, and the rapidly declining foreign investment is really showing now- along with several other self inflicted financial wounds.
China needs less FDI because it's not building more factories. Have you not heard of all the criticism on Chinese overcapacity by the western world? Export market are doing poorly because the west is about to enter recession. Europe is weak as hell and the US deficit spending will eventually end.
India, Vietnam and Mexico are thriving from export demands from the US/EU. China's internal demands and pivoting to BRICS countries will not be enough.
@@lorla151and some very large corporations are moving manufacturing from China to Vietnam and India
There are huge amounts of discovered but underveloped phosphate deposits in Canada so we don't even need to talk about any "new" phosphate discoveries anywhere in the world.
Less Grease for the war machine
One of those real Tragic issues Facing russia , Infrastructure You don't spend the money Your roads, You're Bridges , state owned businesses , Electrical grid Fall into decline for lack of maintenance once you get behind You probably double the cost The russian people will suffer for this There is no money for social programs When people look to the government for help
The war is being fought on the operational/tactical level by both sides, But in the strategic war Ukraine is/has been far more focused once it's major objective moved from survival to ejection of the invader. ruZZia indiscriminately destroyed Ukrainian infrastructure, but it's own energy production capacity may be in tatters by the time it is forced to capitulate. Перемога Україні 🇺🇦
Based on wishful thinking data? The reality is that Ukraine runs out from everything earlier than Russia. Elongated war is the worst thing could happen (actually for everybody, even Europe, except of the USA who makes huge profit).
But anyway, there was a peace plan in 2022 with no taken land and a discussable status of Crimea and the only important thing was neutrality from Ukraine...what a good deal they made...for the USA...
Ukraine cannot do anything to avoid the fall.
@@TenylegMinekez-uc7co Predicting is chancy, especially about the future.
@@jjhpor Agreed. But without NATO intervention I cannot see any realistic plan to win lost territories back.
I'm looking at Russia's past; 1917 economic collapse. 1991, economic collapse, 202*,another economic collapse. All Ukraine has to do is ride out the time as Russian oil revenue will shrink as time marches on due to global EV sales impacting oil price later this decade. When that happens, they will collapse. History doesn't lie.
Great Video, China, Russia and aka Korea are in the same basket, They have focused on supporting Russia!!! Thanks for sharing
The economy has been kept afloat by accumulated savings. That will soon be exhausted.
Stay the course. Ukraine will prevail.
Between that and the systematic isolation of Crimea.
the Real Impact of Ukrainian Strikes on Russia's Oil.................less war $$$$for Russia
Not really, as the vast majority of oil leaves Russia via pipelines and ports and facilities in its Far East. What it actually does is reduce the supply of fuel (Diesel and gasoline) to Russia’s military fighting in Ukraine.
@@afcgeo882it leaves at cost price. No one pays top dollar for Russian oil
@@fanfeck2844 Yes, but that has nothing to do with Ukraine’s strikes.
@@afcgeo882 sorry I misunderstood
@@afcgeo882hardly, why is Russia importing fuel from Belarus then?
Great interview!!
Every strike hurts the enemy , some more then others . Oil refinies are great targets of high impact . Try walking to the next city and feel the impact .
I don't thinks or cares about russians having to walk. Their tanks and planes are more their priority.
I've heard rumours that also tanks work better with fuel.
@@ClemensKatzer very true. Mobile crematoriums also.
INFLATION IN RUSSIA IS ABT 80PC. LIKE TURKEY
Excellent videos. Thank you
We spent 7 or 8 trillion in the middle east and stayed there for 20 yrs and we can still afford a two trillion dollar taxcut for the rich yet Russia is going broke after two years in eastern ukraine😮
Russia was a weak CCC rated economy before the Russo Ukraine War.
💛🔱💙 Slava Ukraini! Heroyam Slava! ❤️☠️🖤
...under Russian administration!
Pretty rough having your assets sized and used to fund your enemies defense 😂😂😂
Half of the economy? I think he means half of the federal budget is going towards the war.
Keep in mind that refined oil isn’t just something Russia exports for cash. Russia also needs refined oil for its civilian population and military machine. We will probably reach the point where Russia flips to refined oil importer.
GAZPROM REPORTED 32B 2023 LOSS COMPARED TO 40B PROFIT IN 2022 . RUSSIA IS DYING
More that four minutes and two commercials into this before you begin to address your thesis statement. Not cool.
Smoke on the horizon and large industrial facilities burning out of control? You might be in Russia.
I just watched what I consider to be a very interesting and informative video about China's banks on the Lei's Real Talk channel titled "Why China’s banks are already bankrupt." I'm not a banker but my dad was and his parents were. I studied engineering so I only picked up the broad strokes about banking from dad. But I did learn how banks earn money. Pay depositors less interest than the interest you charge borrowers. There has to be a big enough margin to cover administrative costs and bad loans. According to Lei China's banks are in deep doodoo. She also does discuss the relationship with the ruble and the dollar. Grab some popcorn or a beer, it's 47 minutes long. and warning, the comments are full of CCP trolls.
Slava Ukraini !!
Russian economy has got to be under pressure despite what the troops tell you
Here’s a basic idea about Chinese banking: Imagine a world where Chinamen don’t pilfer the banks they have charge over even if everything else was doing well. What are the real numbers? Who does the auditing?
gosh, US Banks are going bankrupt faster than a speeding bullet. Why worry abou tChina?
Lei is great!!! I also recommend Konstantin from "Inside Russia". He talks a lot about Russian economy and other (crazy) news from Russia.
@yamaneko-ex8fy
This might appear a bit spammy, but i confirm that both of them are the best inside sources and critics of those two regimes. For more entertaining mythbusting about the former also see - The China Show, (also -"- Uncensored), SerpentZA or Laowhy86. On Russia, oh boy, too many to list. Sanctioned Ivan, and many other exiled Russians do mostly a good job, so does Dozhdj, not to mention that many non-russian pro-Ukraine European vloggers have great insights if you search for it. Economy-wise even from US, like Economy&Macro and Jake Broe.
Couldn't Russia offer China something China is wanting: 99 year lease on 'Siberia' for oil, natural gas, Pacific Sea Port, and extremely important is Fresh Water for the Northern Chinese Plain?
Very interesting
Make Russia Pay for The Tanks and Planes the Allies gave Them In WW2.
👍
*"destroying the ability of Russia to make money in the energy extraction and refining business"* i think specifically is what is happening.
Not only refining. Exporting crude oil to shadow fleets and to China needs to be prevented.
Great, thanks!
This channel asks the most thoughtful questions on important topics in the war.
Not only is Russian National Wealth Fund being depleted, the currencies held are not globally tradable. De-dollarisation remains a foolish move, making Russia not only at economic risk from the West, but dependent on China’s continuing good will too.
Ukraine will not win this war because jack Sullivan won't let that happens. The best Russian allied ever.
The Russian epitaph really is "Russia is a gas station with nukes".
Pretty informative video.
Alas, they dont need an economy - regimes like Cuba and North Korea also lack such, but still survice. It only helps as catalyst when Ukraine makes significant military gains and delivers a strategic humilitation to Russia, like retaking Crimea for example - or other serious terrain.
Most of the western economics are also weak except the US 😅.
The US are also a huge country. You can compare it in size to all the countries in Europe.
GDP worldwide: 23,5% EU, 21,8% US, 12,7% China.
The Russian GDP equals more or less the Italian GDP. But Russia is the biggest country in the world - nearly double the size of the US.
The EU is very sizeable and wealthy.
That is why i love buying Chevron/Exxon right now
Alexander Mercouris for daily reports
Jason smart is such a bad face... for this channel.
".. the economist Steve Hankey .."
That's Mister Hankey, to you.
I think it should be Dr. Hankey. He's got a PhD from CU.
Mike u out there? Pls move Solars.
Just hire a robot to interview the person, instead of this fake sounding guy
Ah Ah Ah Sorry, Smart guy but the Ah's have caused me to thumbs down.
Hears voices and tumbling 😂
My relatives from Ukraine called me recently and they said that men reserves are run out, nobody wants to support clown oh sorry zelensky.
Na pohybel putlerowi
Real impact? There will be cold in Ukraine this winter.
Yes it will be cold in Ukraine but that is because of russian war crimes so we have a Russian troll admitting to Russian war crimes,Ukraine will have warm free hearts , Russia Will have cold totalitarian hearts and Russia will have to capitulate and leave Ukraine and Ukraine will rebuild and Russia won’t
WW3?
Since it appears that Russia's economy is largely based on the war, can Russia afford to stop waging the war? If the Russian War on Ukraine ended, wouldn't the Russian economy collapse?
Economies aren’t based on “war”. War burns money.
@@afcgeo882 I get what you said, but the non-war economy, i.e. businesses selling things, goods and services, have all been cut off from most other countries. The EU, India, even China has found sources that are not Russian. Even if the war stopped, there would be no post-war economy in place to keep things moving in Russia.Will the government start giving out money to all though unemployed tank builders?
It is a fair question. After the end rebuilding will require enormous amounts of money. That work could take some part of the war economy in some areas, but will be more devastating IMHO than war losses. If Russia will be able to somehow survive the period of rebuilding and infrastructure upgrades (as part of pacification) the lands and new population could be profitable. But big IFs are there.
@@roberttai646 That has nothing to do with war though. It’s just that Russia is cut off from the world market. Yes, it’s a huge long-term issue for them, but stop bringing the war into this. A war economy isn’t propping them up. It brings no additional revenue, creates no additional GDP. It’s just a re-allocation of production. Russia managed almost a century under communism with similar conditions.
This guy is PAINFUL to listen to. Uh uh ahhhhhhh. Ahhhhhhh uhhh uhh uh uhm uhm ahhh
Yes, I am fraud I gave up!
Maybe if you were educated…
You must be highly educated in uh uh ah ah 😂@@afcgeo882
@@afcgeo882 I am educated which is likely why I find poor speech habits to be frustrating.
@@cruisinguy6024 It doesn’t seem like that’s true, given your comments. They seem to indicate an IQ closer to 75.
According to the best estimates: if Russian oil sales before the war was 100, how much is it today ? And isn't Russia slowly finding ways to compensate the loss of sales to the West by selling to other countries (which takes some time to organize). I mean; Chinese eat oil and gas like Americans eat hamburgers, and other countries like North Korea etc. too are interesting in buying or trading, exchanging, whatever... So: do we actually know how effective the embargo is ?
Yes, but the prices have fallen because the demand for their oil plunged. In a sense, there are now two distinct grades of oil on the international market: Russian and non-Russian.
Because the West stopped buying Russian oil, its value fell. That caused many less developed nations to switch to buying Russian oil, but still at very low prices (they aren’t going to pay more). At the same time, Russia is increasing production to sell more of it, to get more revenue. That, in return, lowers oil prices too. That’s why long-term it’s a failing strategy.
Since those nations switched to Russian oil, the demand for all other oil didn’t go up, so the prices have stabilized.
Russia can sell more oil than ever... as long as it doesn't profit them.
The West doesn't care about volume, but $$$. No money to fund the war? Perfect!
@@afcgeo882, all right, Nostradamus, let's wait and see whose strategy fails first 😊
Russian economy still could survives from oil and gas sell,which they export to China and India. Russian oil and gas products will
collapse if Ukraine could destroy its
completely.
How much pain for how long before Russian elites cut Putin off?
Adn how does it compare to USA and the rest of the west ?
Increasingly Americans want Ukraine to lose bigly.
No Americans desire the destruction of Ukraine.
Some desire the destruction of Russia
Some want Europe to contribute more to Ukraine & America less
Some want peace regardless the "winner"
🇨🇦💕🇺🇦🇨🇦💕🇺🇸
Which Americans, you and your friends?
@@jjhpor The rich ones who will own remaining Ukraine after this ends.
@@TenylegMinekez-uc7co If they lose Russia gets it. Duh.
DO we really think the "Kyiv Post" would tell us the whole truth?
Well they’ve done just that via this interview.
Well, we get more truth from it than ruzzian channels, or Fox News, or the bbc
@@chirawanphungNo. There’s a lot more to this.
"We" ?
@@RealityCheck6969 You can’t grasp it.
Thanks for showing so much concern for Russia.
With 380 billions of dollars in assests in USA and Brussels.
Russia has a very good advantage. Area is vast population is small. Natural resources so vast USA has been trying to plunder since several decades .
Russia has been through such circumstances before also. PUTIN has taken Russia to a new level of greatness
No one wants to steal Russian resources except the Russian oligarchs.
Putin appreciates your support, the rest of us couldn't care less about that propaganda.
So far, not so great in taking over Ukraine in three days as promised. Russia has, as you say, vast natural resources. Russia also has a highly educated population but has per capita income below virtually all of the past Soviet satellites. I'd say they would be better off dumping Putin and surrendering to Poland, Romania or Hungary. Or, for that matter, any of the other 51 countries that are doing better.
Oh!. About that 380 billion in assets. It ain't available. We're keeping the capital and giving the earnings to Ukraine. Sorry 'bout that.
@@jjhpor at the moment all of EU and NATO and USA is worried that after running through Ukraine Russia will invade Europe. All EU nations have started mobilization arms race. USA is petrified
The Russian elite plunder Russia, not the West.
Please know that he is not just describing Russia, he is describing the CCP in China and the Democratic Party in America all of the same time
A1 ture information facts 👍.