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601  Economy / Economics / Re: Bravo: Ron DeSantis bans CBDCs on: May 27, 2023, 08:01:50 PM
He came in like a hero to the digital asset holders in his region for sure. They gonna bless him with all the votes available out there.  Wink
I liked that he passed the bill based on very true fact and that’s “personal finance protection”.  If we consider this law to be perfected in their system then I don’t think Biden could do anything to counterfeit it. If he tries to something like that then people are gonna know that Biden and congress are just playing around USA to protect their own assets that is “fiat” and hence the chaotic bans, project drops and bankruptcy etc. around the nation which is directly linked with the crypto based investment firms.

Definitely good news after a while from the US based administration. Hope others do follow it on the long run.
The ban on the use by citizens of both national CBDCs and CBDCs of other states is a completely stupid step on the part of this politician, especially under such a noble pretext as protecting personal finances. It's like banning the use of cars on the pretext that when using them, many traffic accidents are committed and people die because of this. Any bans on the use of new technologies do not lead to anything good. People should always have the right to choose, especially in the financial sector.
602  Economy / Speculation / Re: What will happen to the bitcoin rate if the global economy collapses in 2023? on: May 26, 2023, 07:16:42 PM
Short term if the global economy collapsed, I assume bitcoin would react negatively & dump. Bitcoin still dumps in disaster events like we saw initially with the corona virus. Medium to long term though bitcoin will pump hard & do what it has been doing since 2009, block after block, increasing in value, beating inflation. Pay less attention to short term price fluctuations & look long term. The fiat economy is a massive ponzi, it’s propped up on stilts. It will collapse, the only question is how long until that happens.
The reaction of the price of bitcoin in the first time after the official appearance of the coronavirus by lowering the price to eight thousand dollars is a little incomprehensible to me even today. But this situation is special and can hardly be compared with the possible upcoming fall of the world economy. It is generally accepted that bitcoin and other cryptocurrencies should rise sharply in price if the global economy collapses. But we still don’t have much practical experience of observing cryptocurrencies at such a critical time. In addition, the price of a cryptocurrency is always influenced by many more factors that add up directly at the time of such financial cataclysms. We just have to wait and watch.
603  Economy / Economics / Re: Wind Power Has A Profitability Problem on: May 26, 2023, 05:00:43 PM
Lot's of morons in here. Wind is a shit source of energy. You can't schedule it and it's often produced when unneeded and the power has to be dumped. Sure it seems cool when your using other peoples money.

Solar, problem is it's unavailable during peek demand.

If someone says batteries they get a throat punch.

Nuclear power is the only way. 24/7/365 100%
Governments are doing absolutely the right thing by betting on alternative energy sources that do not pollute the environment and do not pose a serious danger to others. It should be taken into account that we are at the stage of dramatic climate change, which will be accompanied by large and powerful natural disasters, which is very dangerous for Nuclear Power Plants. We can see this in the example of the accident at the Japanese nuclear power plant "Fukushima-1". Each nuclear power plant is, in fact, a nuclear bomb inside the country, which, for various reasons, can be activated.
In my opinion, it is better to pay more attention to solar panels, which continue to improve and become cheaper.
604  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 26, 2023, 04:32:05 PM
This indicates that Zelensky, saying that Bakhmut is only in our hearts, meant that he was actually completely destroyed, and not captured by Russian troops.

As per the maps published by Rybar, Russian forces control 100% of the official city limits of Bakhmut. Prigozhin was very specific when he said that they had to capture the last few meters of Bakhmut, to make sure that Ukrainians don't claim to be inside the city. Only a few dachas on the outskirts of the city are under Ukrainian control. Prigozhin further claimed that Wagner lost 17,000 soldiers in the battle for Bakhmut (10,000 prisoners and 7,000 professionals). And he also claimed that Ukrainian side suffered some 50,000 deaths.

It makes no sense to argue about whether the Armed Forces of Ukraine now control some part of Bakhmut on the southwestern outskirts of the city. All the same, the Armed Forces of Ukraine did not retreat from it and are located on the hills on the southern and northern sides of the city and continue to provide fire control with the help of artillery on any movement in Bakhmut itself. The fighting continues and now the artillery of the Armed Forces of Ukraine is actively preventing the Wagnerites from rotating their forces in the city itself to replace them with a regular Russian army. For more than nine months, the Russians have been storming Bakhmut every day, making about a hundred attacks a day, and what has this "second army of the world" achieved? He boasts of capturing the ruins of a small town in the Donbass, which has no special significance either in military or in any other sense.
605  Economy / Economics / Re: The impact of Russian and Ukrain war on world economy on: May 25, 2023, 06:50:51 PM
Any big wars have a sharply negative impact on the world economy. After all, war is the total destruction of material infrastructure and human resources. Especially if such a war broke out in the center of Europe. Of course, the direct participants in this war, Russia and Ukraine, will suffer first of all. But if in Ukraine there is simply no other worthy choice but to protect its territorial integrity, then Russia, as an aggressor, has chosen a very stupid and disastrous position for it in the 21st century.
As Germany eventually began to condemn the fascism born on its territory, so the Russians have yet to do the same with their current rashism.
606  Economy / Economics / Re: How much longer until paper money is no longer in circulation? on: May 25, 2023, 06:19:51 PM
As for how long it will take for paper money to be phased out, this is difficult to predict and will likely depend on a range of factors, including consumer preferences, technological developments, and government policies. Some countries have already made significant progress in reducing cash usage, while others continue to rely heavily on paper money.

The COVID-19 pandemic and the Russo-Ukraine war has set us back for a few years. It's going to take quite a long time before CBDCs are developed and tested for mainstream use. Even after launch, governments would need to get people to accept the new digital cash system. Paper money will probably be with us for a few decades before CBDCs take over the world by storm. We'd probably be dead before this happens.

I don't want to live in a world where governments take control of everything with their new digital cash system. This cannot be avoided due to the inception of Blockchain tech in 2009. If Bitcoin wasn't born in the first place, then CBDCs wouldn't had gone through the minds of central banks and governments alike. Who knows if we're heading towards a darker future? Just my opinion Smiley
In order for cash to disappear from circulation, a high level of technical progress and, most importantly, a high level of income of the population is needed. We are now on the verge of a dramatic climate change and, as a consequence, an increase in the frequency and size of natural disasters. And this, in turn, will lead to the fact that the population of the planet will lose their savings and rapidly become poorer. If these assumptions turn out to be correct, then there will not even be a question about the displacement of paper money. Yes, and it's useless. Paper money is the most untraceable government, and therefore keeps our privacy. The cashless world is not entirely good in this regard.
607  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 25, 2023, 04:23:04 PM
Wait, are you aware Bakhmut has fallen to the Russians? Sorry, if it was a spoiler for you. You'll probably find out next week!    

The message of the head of Wagner PMC Prigozhin and Russian propagandists that their "second army of the world" after ten months of incessant attacks on the small town of Bakhmut, finally took it, does not correspond to reality. Most of Bakhmut is now indeed controlled by the Russian occupiers, but its defenders retain control over some industrial and infrastructure facilities and the private sector of Bakhmut in an area called "Airplane" in the southwestern part of Bakhmut.

You are delusional. President Zelensky has admitted Bahmut has fallen by saying "Bakhmut is only in our hearts".
https://nypost.com/2023/05/21/zelensky-bakhmut-is-only-in-our-hearts-after-ukraine-loses-control-of-destroyed-city-to-russia/

Whatever your source could be, it's at least 4-5 days old. Bakhmut is under Russians now. Period.

Quote from: Argoo
But it is too early for Russians to rejoice. Having retreated from the central part of the city, the Armed Forces of Ukraine organized a “half-boiler plan” for the invaders in Bakhmut and now they “take” the enemy into a semi-circle due to the advantage of control over the high-altitude terrain surrounding this city. The Armed Forces of Ukraine successfully bypass Bakhmut from the north and south and gradually, taking into account the dry weather, begin to implement the operational encirclement of the Russians in Bakhmut using heavy equipment. Given that the city is located in a lowland, the Armed Forces of Ukraine have the ability to actually shoot the enemy from artillery from the hills around Bakhmut, and it is rather difficult for Russians to hide in its ruins, since the city is almost completely destroyed.

Possibly, but you're not providing any source so this info is hard to verify. And I believe claims that Bakhmut had been "completely destroyed" are overestimated. Same thing happened in Mariupol but it's almost completely rebuilt now.

If you carefully read the text to which you refer with the quoted words of Zelensky that Bakhmut is only in our hearts, then the following is indicated there:
“For today, Bakhmut is only in our hearts,” he said. “There is nothing in this place.”
The Russian ministry statement on the Telegram channel came about eight hours after a similar claim by Wagner head Yevgeny Prigozhin. Ukrainian authorities at that time said fighting for Bakhmut was continuing."

That is, after these words, the President of Ukraine Zelensky added: "There is nothing in this place." This indicates that Zelensky, saying that Bakhmut is only in our hearts, meant that he was actually completely destroyed, and not captured by Russian troops. This conclusion is confirmed by the fact that further, behind these words, it is written: "The Ukrainian authorities at that time declared that the battles for Bakhmut were continuing." The fact that the battles for Bakhmut continue can now be heard and seen in various news channels, and I see no reason to give confirmation of this. We will hear and see about this for a long time until he is finally liberated from the Russian invaders.

Your statement that Mariupol is now almost completely rebuilt is also not true.
Mariupol was surrounded by Russian troops during the early days of Russia's full-scale invasion of Ukraine, which began on February 24, 2022. Since the beginning of March, it has been under blockade, since the second half of May, the city has been in complete occupation.
About 130,000 people remained in Mariupol at the beginning of August. Before the full-scale invasion, 530 thousand people lived in the city. According to various estimates, between 20,000 and 25,000 civilians died during his "liberation" by the Russians; there is no exact data.

The Russians damaged by shelling 1800 high-rise buildings in Mariupol. The occupiers have identified 934 buildings that are gradually being demolished, 400 houses have already been completely destroyed, 50% of the city no longer exists. In order to hide from the world community the fact of the destruction of this city, the invaders continue to destroy Mariupol by thoughtless demolition of houses, leaving Mariupol residents without housing and things.
Nearly the only miraculously surviving house, which was built before the full-scale invasion as SBU official housing, the occupiers are now passing off as built by them. A few other houses are just being repainted without any major repairs. That's all the publicized restoration of the city of Mariupol.
608  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 24, 2023, 03:15:03 PM
Wait, are you aware Bakhmut has fallen to the Russians? Sorry, if it was a spoiler for you. You'll probably find out next week!    

The message of the head of Wagner PMC Prigozhin and Russian propagandists that their "second army of the world" after ten months of incessant attacks on the small town of Bakhmut, finally took it, does not correspond to reality. Most of Bakhmut is now indeed controlled by the Russian occupiers, but its defenders retain control over some industrial and infrastructure facilities and the private sector of Bakhmut in an area called "Airplane" in the southwestern part of Bakhmut.

But it is too early for Russians to rejoice. Having retreated from the central part of the city, the Armed Forces of Ukraine organized a “half-boiler plan” for the invaders in Bakhmut and now they “take” the enemy into a semi-circle due to the advantage of control over the high-altitude terrain surrounding this city. The Armed Forces of Ukraine successfully bypass Bakhmut from the north and south and gradually, taking into account the dry weather, begin to implement the operational encirclement of the Russians in Bakhmut using heavy equipment. Given that the city is located in a lowland, the Armed Forces of Ukraine have the ability to actually shoot the enemy from artillery from the hills around Bakhmut, and it is rather difficult for Russians to hide in its ruins, since the city is almost completely destroyed.

Moreover, even such a temporary success of the Russians in Bakhmut is rather doubtful. Prigozhin himself recently said that more than 20,000 of his PMCs were killed during the storming of Bakhmut: about 10,000 of its professional members and the same number of recruited prisoners from Russian colonies. But the human rights organization of Russia "Seated Rus'" claims that there were about 50 thousand prisoners recruited for the war in Ukraine, about five thousand of them received an amnesty and returned home, and over 40 thousand died in Ukraine. And recently, US President Biden pointed out that Russia lost about a hundred thousand military personnel near Bakhmut. Thus, several square kilometers of the ruins of the district center Bakhmut cost Russia very dearly. But the Russians will still need to be able to get out of Bakhmut. Prigozhin has already announced that from June 1, his PMC will leave Bakhmut and give up their positions to the regular army. He feels that this "Pyrrhic" victory may soon turn into a major defeat. So the fighting in Bakhmut continues.

609  Economy / Economics / Re: Russian Gas ban - A problem for Europe or suicide for Russia? on: May 23, 2023, 04:32:59 PM
As you are arguing over the price India pays for oil, the war in Ukraine entered the next level as the nuclear munitions started being shipped to Ukraine by UK and US. Apart from the environmental disaster the recent destruction of a shipment caused to both Ukraine and Western Europe, this could mean Russia could start using similar munitions.

Basically these things are worst that a nuclear bomb with long term effects. As an example you can check out Iraq where United States largely used depleted uranium munitions; 300 tons in total (by comparison the nuke US dropped on Japan was only 4 ton). The city of Al-Fallujah in Iraq is now known as Chernobyl 2.0 because of the level of radiation and the lingering effects of it.
That means my prediction over a year ago that US is trying to turn Ukraine into Afghanistan so that Russia experiences what US experience in Afghanistan (being stuck for 20 years and escaping eventually), is coming true but it is a combination of Afghanistan and Iraq .

P.S. It is interesting that NATO denies Ukraine a lot of conventional weapons such as fighter jets, any missile with a range higher than 200-300 km, tanks, decent air defense, tactical weapons such as cruise missiles, etc. but instead they send them the disastrous nuclear munitions!
Depleted uranium projectiles are not nuclear or chemical weapons, so their use is not prohibited by international conventions. They are in service with a number of countries.

During the Gulf War in the early 1990s, an international coalition used about 780,000 of these shells against Iraq. In total, up to 300 tons of depleted uranium were used. During the invasion of Iraq in 2003, about 300,000 more rounds were fired. In addition, the US Army used them during operations in Kosovo and Bosnia and Herzegovina. Then about 40,000 shells were fired.

The use of depleted uranium in ammunition is associated with its properties - high mass density, due to which depleted uranium shells provide high armor-piercing action (due to an increase in kinetic energy) and cause significant damage beyond the barrier, which ultimately determines their effectiveness. Projectiles with depleted uranium can penetrate armor up to 700 mm.


The radioactivity of depleted uranium can be about 60% of normal, natural uranium. And the level is so low that dosimeters do not react to it.

According to a study by a working group of the Royal Society of Great Britain, the health risks due to the use of such projectiles are extremely low. The US Pentagon notes that there is not a single confirmed case of cancer.

Previously, there were various reports of allegedly dozens of dead and sick with cancer of Italian veterans who took part in the fighting in the Balkans. Official studies have denied the growth of cancer among the military.

The UN investigation also confirmed that the use of depleted uranium in the Balkans did not affect the environment or the population. Scientists from Italy revealed an increased content of uranium in the soil, which, however, did not exceed the permissible limits.

World Health Organization (WHO) calculations show that the maximum exposure to depleted uranium particles in the body is less than half of the annual dose limit for people who work in radiation conditions. And the risk of leukemia may increase by no more than 2%.

According to the IAEA conclusions, the radiological threat to the population and nature from the use of such munitions is not significant.

It seems that Russian stuffing is designed for the sensitivity of the topic of weapons with uranium.

Spinning fakes, Russian propaganda prefers not to remember that such ammunition is in service with the Russian Armed Forces. We are talking, in particular, about the Lead-1 projectiles, which also contain a core with depleted uranium. And they are included in the ammunition load of the T-80BVM, T-90 and T-72B3 tanks.

In addition, Ukraine does not have much choice: Russia is waging a war to destroy Ukraine as a state and the Ukrainian people as a nation. If Russia is afraid of the use of shells with depleted uranium on their armored vehicles, it can end the war any day by withdrawing its troops and equipment from the territory of Ukraine.
610  Bitcoin / Bitcoin Discussion / Re: When Bitcoin will become stable currency? on: May 23, 2023, 08:58:28 AM
Bitcoin may become significantly less volatile in the future when its price rises well. This does not mean that its price will no longer rise, it will continue to rise, but this will happen without big fluctuations, there will not be a strong increase and a strong fall.
If, at the same time, bitcoin is not interesting for investors for speculation, then it may become interesting as a means of payment, and I will be very happy about this. But I think that many investors will still buy bitcoin because it will be a stable asset that will grow and save money from inflation.

But why will it become stable in the future? People won't just stop trading it. More people will invest in it, more people will short it etc. And I don't see that this trend will change any time soon. That's why I don't see bitcoin as a payment method in the future.
The cryptocurrency market will become uninteresting for investors if it is relatively stable in its price. But this cannot happen, because due to its decentralized nature and the unregulated nature of this market, prices will always change almost every second and no one will be able to stop this process. Bitcoin and other cryptocurrencies will always have high price volatility and this is what sets the crypto market apart from other markets.
611  Economy / Economics / Re: 199,983 companies went bankrupt in Europe because of the energy crisis in 2022 on: May 22, 2023, 04:35:47 PM

Europe brought this crisis on to themselves with their stupid policies. Nuclear energy is the cheapest and most environmentally friendly form of energy and for the last 1-2 decades the European governments have been trying to close down nuclear powerplants and replace them with energy from more polluting sources such as lignite and coal fired powerplants. And the joke is that Green Party is spearheading this campaign. The propaganda against nuclear energy has resulted in increased prices of electricity, closure of industries and more importantly, massive pollution to the environment.
The fact that in Europe, and above all in Germany, they began to abandon nuclear power plants is not such a stupid policy. The world is already entering a period of dramatic climate change across the planet. This process will be accompanied by strong cataclysms, such as volcanic eruptions, tsunamis, earthquakes, floods. It is still fresh in our memory how an eruption in the ocean led to the disaster at the Fokushima-1 nuclear power plant in Japan. The countries of Europe logically do not want a repetition of this on their territory. Therefore, there is accelerating the program for the introduction of alternative energy sources such as solar panels and wind generators, as well as other types of "green" energy are being developed. Most likely, the future belongs to them.
612  Other / Politics & Society / Re: Being Russia and Russian now on: May 22, 2023, 03:43:00 PM
Citizens of the Russian Federation, accustomed to watching the war only in propaganda programs on federal channels, finally have a unique opportunity to feel themselves in the place of the Ukrainians, whose murders they so fiercely supported all these years.

Thanks to a large-scale raid by Russian volunteers fighting against the regime of dictator Vladimir Putin, residents of the Belgorod region can now witness with their own eyes such a breathtaking sight as tanks entering settlements, helicopters loitering in the sky and massive artillery shelling of strategic targets.

On May 22, 2023, it became known that the Legion "Freedom of Russia" and the "Russian Volunteer Corps" entered the territory of the Belgorod region of the Russian Federation. The Russians turned to their compatriots with calls to overthrow the Kremlin regime for the sake of the "future of Russia." They report the release of several settlements on the territory of the Russian Federation.

Now, the Freedom of Russia legion has reported that the fighters of the Russian Volunteer Corps allegedly completely liberated Kozinka in the Belgorod Region. Advance detachments allegedly entered the settlement of Grayvoron. Pictures of the movement of tanks and armored vehicles towards Belgorod, as well as the flags of the "Belgorod People's Republic" are published on the Web. Everything is about the same as Russia once arranged in the Donbass. Only now the situation is boomeranging back to Russia itself. We will see how events unfold further.

But Ukraine has nothing to do with it. Citizens of Russia themselves conduct a special operation on the territory of the Russian Federation. As previously stated in Russia about the Donbass, "We are not there."
613  Economy / Economics / Re: Russia and others, move to use Yuan instead of dollar. on: May 22, 2023, 03:29:27 PM
Both are fiat currencies controlled by the central banks of the respective countries. I am not sure whether anyone else other than China will benefit, if CNY is used more for international trade rather than USD. China will be able to take loans at extremely low interest rates, similar to what the USA is doing now. And it is going to benefit their citizens immensely. But then, what is the benefit in this for Russia and other countries? What we need is a "neutral" currency for international trade (i.e one that is not controlled by the central banks of any of the sovereign nations).
Russia's position can be understood: they are trying to use any other currency that is in demand, since in this respect it has big problems with the ruble. But she was forbidden to use the dollar and the euro in international payments. Therefore, they are trying to use the yuan, hoping, moreover, for some help from China. But for other countries, the choice remains the same and it is unlikely that they will change anything in terms of the choice of currency.
  There can be no "neutral" currency for international trade (i.e. one that is not controlled by the central banks of any of the sovereign countries) in principle. Any currency issued by a state or a union of states will necessarily be controlled by them.
614  Economy / Economics / Re: Why is Inflation Happening All Over the World At Once? on: May 21, 2023, 04:06:30 PM
Inflation happening all over the world all at once because of some like increase in money supply, rising of production cost of different manufacturers including the high cost of raw materials, the high demands for goods and services. The causes of inflation may vary from different countries. I think the most contributor in inflation is the pandemic we had faced due to Covid 19 it caused a lot of shortages of goods from other countries. It also result in downgrading manpower and cutting costs.
Over the past hundred years, technology and technology have become much more sophisticated in the production of a variety of goods. Now no country in the world is capable of producing all this variety of such goods. Therefore, there is a certain specialization of countries in their production, taking into account various factors, such as location, the state of the economy, the availability of energy resources, transport routes, and so on. Therefore, if failures occur in certain regions, they immediately spread to other regions of our planet. This generally explains the effect of simultaneous inflation throughout the world.
615  Economy / Economics / Re: Are we headed to a nowhere economic direction ? on: May 21, 2023, 03:42:07 PM

From what I understand, OP is saying that real estate prices are also falling according to the economic situation, and rich people are also afraid to invest because it doesn't generate profit. The real estate market also became gloomy, not better than other markets. But it is still considered the safest asset, and the fact that it drops in price is a good investment choice. The demand for real estate will never go away or decrease over time, look at how fast the world population grows, and you will see the potential of real estate.
Now the general economic and financial crisis continues. It affected almost all countries after unprecedented measures to combat the coronavirus pandemic, ongoing wars, especially that Russia unleashed in the center of Europe by invading Ukraine, as well as climate change, which primarily negatively affects agriculture. During this period, keeping funds in fiat or in banks at interest is inefficient. A much better solution has always been an investment in real estate, eternal values, antiques. And now we have a great solution with investments in the best cryptocurrencies. But in cryptocurrency, you cannot count on quick profits.
616  Economy / Economics / Re: Sanctions at work:Russia posts its second highest deficit in the post-Soviet era on: May 21, 2023, 10:26:10 AM
One of my favorite topics. HERE it is very interesting to watch some characters who realize in reality what is called "cognitive dissonance" Smiley This is when you see that everything in the country is collapsing, but you cheerfully talk about SUCCESS Smiley
Do you also think that a budget deficit is bad? Your beloved US and every G7 country has been running chronic budget deficits for years. Or is it different?

By itself, the budget deficit is not very good, you have to be able to live within your means. But at the macroeconomic level, the budget deficit is rather the norm. Nobody likes a recession (although there is nothing wrong with a recession, the processes in the economy are usually cyclical) and governments artificially stimulate economic growth by spending more than they earn. And they also stimulate their own citizens, the savings model of behavior again provokes a recession. Therefore, there is no need to dramatize the current budget deficit in Russia, especially since part of it is purely technical in nature (the government now has a trillion rubles of undistributed income - these are still the consequences of the winter transition to a single tax account). But if economic growth indicators matter to you, then the current budget deficit is definitely a success, because it will directly lead to an increase in the percentage of GDP growth in the foreseeable future and right now.

That is why Biden cannot agree on an increase in the debt ceiling - the Republicans are demanding spending cuts, and this will immediately lead to a recession, which is extremely disadvantageous for Biden before the elections. Economic growth is not determined by how much you earn, but by how much you spend.
Everything is a little different. According to Reuters, Russia spent 525.4 billion rubles from its budget on "national defense" in January and February 2022. However, in the first two months of 2023, the Russian government spent 2 trillion rubles, or $26 billion, on defense. According to experts, these funds were directed to the war against Ukraine. In addition, they were supposed to mitigate the impact of Western sanctions on the Russian economy.
At the same time, Russia budgeted for 2023 spending in the amount of 4.98 trillion rubles. But almost 40% of them have already spent in the first 2 months of the year.
Also, according to analysts, the defense spending of the aggressor country in January and February 2023 amounted to 36.2% of total budget spending. This is almost twice as much spending on social programs and almost four times as much - on the "national economy". Do you think this is very good for Russia?
Damn it, of course this is very good for Russia. Loading the military-industrial complex with 100% orders, forcing the defense industry to work in three shifts around the clock and seven days a week - this is the backbone thanks to which the Russian economy did not fall to pieces when turning from the West to the South and East. This is a great, perhaps the best, way to inject money into the economy without causing inflation to spike. In fact, money is just a material equivalent of life force, and Russia has a huge energy surplus, it has to be spent somewhere. And a controlled armed conflict on foreign territory is an ideal option, first destroy everything there, and then rebuild everything anew - a double profit.

The conflict in Ukraine is beneficial to the United States, Russia, India and China. Unfavorable for energy-deficient Europe and Ukraine itself. This is in short.
Yes, it seems that the Russians are really a horde that is trying to cash in on robberies and murders of the population of their neighboring states. Instead of arranging normal living conditions in their own country, they are trying to ruin the lives of their neighbors who dared to live better than them.
You say that "a controlled armed conflict on foreign territory is an ideal option, first destroy everything there, and then rebuild everything anew - double profit"? But don't you think that the Russians can only destroy, but not rebuild? Donbass in Ukraine, where the Russians have entered, has turned into solid ruins and no one is going to rebuild the captured settlements there. They say that there is no point in this, everything is so destroyed.

But can we now talk about the Russian city of Chita, which is now drowning in garbage, feces and sewage? Entire areas live without sewerage and go to toilets with holes. And when the toilets are full, people just dump buckets of shit in their yards. At the same time, despite the general poverty and lack of sewerage, Russia spends billions on the war against Ukraine, ignoring the gigantic problems inside the country.
Source: https://www.dialog.ua/russia/273908_1684655319

But don't you think that for the destroyed infrastructure of Ukraine, several generations of Russians will have to pay reparations and this profit from the loot in the war will not cover them?
617  Economy / Economics / Re: Sanctions at work:Russia posts its second highest deficit in the post-Soviet era on: May 20, 2023, 09:21:25 PM
One of my favorite topics. HERE it is very interesting to watch some characters who realize in reality what is called "cognitive dissonance" Smiley This is when you see that everything in the country is collapsing, but you cheerfully talk about SUCCESS Smiley
Do you also think that a budget deficit is bad? Your beloved US and every G7 country has been running chronic budget deficits for years. Or is it different?

By itself, the budget deficit is not very good, you have to be able to live within your means. But at the macroeconomic level, the budget deficit is rather the norm. Nobody likes a recession (although there is nothing wrong with a recession, the processes in the economy are usually cyclical) and governments artificially stimulate economic growth by spending more than they earn. And they also stimulate their own citizens, the savings model of behavior again provokes a recession. Therefore, there is no need to dramatize the current budget deficit in Russia, especially since part of it is purely technical in nature (the government now has a trillion rubles of undistributed income - these are still the consequences of the winter transition to a single tax account). But if economic growth indicators matter to you, then the current budget deficit is definitely a success, because it will directly lead to an increase in the percentage of GDP growth in the foreseeable future and right now.

That is why Biden cannot agree on an increase in the debt ceiling - the Republicans are demanding spending cuts, and this will immediately lead to a recession, which is extremely disadvantageous for Biden before the elections. Economic growth is not determined by how much you earn, but by how much you spend.
Everything is a little different. According to Reuters, Russia spent 525.4 billion rubles from its budget on "national defense" in January and February 2022. However, in the first two months of 2023, the Russian government spent 2 trillion rubles, or $26 billion, on defense. According to experts, these funds were directed to the war against Ukraine. In addition, they were supposed to mitigate the impact of Western sanctions on the Russian economy.
At the same time, Russia budgeted for 2023 spending in the amount of 4.98 trillion rubles. But almost 40% of them have already spent in the first 2 months of the year.
Also, according to analysts, the defense spending of the aggressor country in January and February 2023 amounted to 36.2% of total budget spending. This is almost twice as much spending on social programs and almost four times as much - on the "national economy". Do you think this is very good for Russia?
618  Alternate cryptocurrencies / Altcoin Discussion / Re: POLYGON as a national currency. on: May 20, 2023, 06:37:49 AM
What steps can a country leader takes before adopting POLYGON as a means of payment or transactions in a country with low level of education. As it's known to be one of the best user friendly platform for easy transactions.
Governments can allow cryptocurrency to circulate in their countries, but they will not actively support it, much less grant it the status of a national currency. To do this, they have the opportunity to issue their own CBDC, and they will use this opportunity. But the situation will change more than once, although governments still should not hope for the use of cryptocurrency.
Cryptocurrency has been and will remain the choice of citizens, not their governments.
619  Alternate cryptocurrencies / Altcoin Discussion / Re: Government's actions against crypto on: May 20, 2023, 06:13:16 AM
[quote author=poodle63

and do remember, when china banned crypto, the market continue to survive. so far, we have seen that any country, big or small economy will not be the reason for crypto to disappear. there will be more countries that are crypto friendly and willing to stake in this market. and besides, it may only take regulation not total ban of crypto market.so for me, regulation may also have positive side when it comes to adoption as people will trust more on this market. some are avoiding this market because of so many scammers on the loose.
The process of further regulation of cryptocurrencies by states is inevitable, but it will be very complex and lengthy, since the states have not yet finally decided how to treat it.
The situation with cryptocurrency in China is very difficult, since the ban was only from the People's Bank of China. The government and legislators of China, as far as I know, have not issued any bans on cryptocurrencies. Therefore, there the cryptocurrency can still walk relatively freely.
Regulation has both positive and negative effects on cryptocurrencies. It all depends on how reasonable it will be.
620  Economy / Economics / Re: Replacement? on: May 20, 2023, 04:34:31 AM

Well, Fiat currency prices and value are generally more stable than cryptocurrency along with this we cannot underestimate the power and value of cryptocurrency. Most of the Country is trying to  replace cryptocurrency by fiat but it is still very far away because Cryptocurrency is still new, so it may turn out to be as stable as fiat in the future. I personally don't think it will be able to fully eradicate fiat but rather I believe both cryptocurrency and fiat will be used together, getting the same recognition and adoption.
Cryptocurrency will definitely not be able to replace the national currencies of states. Without the decision of the states themselves, such a replacement is impossible, and the states will never give up their currency, since their economy is firmly connected with them. Cryptocurrency still has a long way to go in terms of development and acceptance, but it will most likely only be an alternative to fiat, as was intended when it was created.
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