@varjolintu@yogthos of course it is going up. The Bank of Europe, like most other central banks in the world, have created more money in the last 2 years than in the entiriy of their extenciense up until 2020.
Yeah, that’s sort of the elephant in the room. The west has been printing money like no tomorrow each time there has been a risk of a recession. This goes back at least all the way to the Y2K crisis. They’ve been basically externalizing the problem into the future all this time. Then the pandemic hit and the economic war and all of a sudden printing money doesn’t solve the problem anymore and they don’t know what to do.
Meanwhile, Russia’s been shoring up its economy since 2014 and carefully weaning itself away from the west this whole time so it would be able to survive decoupling. I can guarantee that China’s been doing the same, and these will be the rising economies as western financial system spirals out of control next year.
Nobody said Russia doesn’t have problems, what I keep explaining to you is that Russia is much better off relative to Europe. I get that basic facts like food and energy security are really hard for you to wrap your head around.
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Are inflation and cost of living rate in Europe going up or down right now?
@varjolintu @yogthos of course it is going up. The Bank of Europe, like most other central banks in the world, have created more money in the last 2 years than in the entiriy of their extenciense up until 2020.
Yeah, that’s sort of the elephant in the room. The west has been printing money like no tomorrow each time there has been a risk of a recession. This goes back at least all the way to the Y2K crisis. They’ve been basically externalizing the problem into the future all this time. Then the pandemic hit and the economic war and all of a sudden printing money doesn’t solve the problem anymore and they don’t know what to do.
Meanwhile, Russia’s been shoring up its economy since 2014 and carefully weaning itself away from the west this whole time so it would be able to survive decoupling. I can guarantee that China’s been doing the same, and these will be the rising economies as western financial system spirals out of control next year.
@yogthos I hope you are wrong
we’ll see soon enough
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Nobody said Russia doesn’t have problems, what I keep explaining to you is that Russia is much better off relative to Europe. I get that basic facts like food and energy security are really hard for you to wrap your head around.
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LMFAO look at you a certified expert on where money goes in Russian economy. 😂
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