Is Russia coping with sanctions?

2024-10-17 11:29:14

The truth is somewhere in the middle

The crisis did not happen as the West expected, but not everything is as rosy as the Russian government claims. Despite all the efforts to replace imports, everything is imported by a third, no matter how hard they try to produce their own. And it is unlikely that this figure will reach half in the near future.

Due to sanctions, Russia is forced to conclude unprofitable contracts for itself in the long term and increase its dependence on China. The impact of sanctions would have been more significant if not for the global recession.

What will become of the dollar when it ceases to be a reserve currency?

2023-10-14 07:58:37

The same thing will happen to the dollar that is now happening to all other currencies that are now devalued against the dollar

If the US dollar ceases to be the world's reserve currency, this will lead to a total collapse and collapse of the US economy, which is not far from the collapse of the country.

Why is the status of the world reserve currency so important for the United States? This allows them to print dollars almost uncontrollably – if it causes currency devaluation in other powers, then everything is OK. Every time a state or a person buys a dollar, he takes on part of the US government debt.

Challenging the dollar is the main fear of the United States.

Which cars will replace electric vehicles?

2023-10-25 13:08:14

Hydrogen

Despite all the hype around electric cars, they will not be able to replace cars with an internal combustion engine.

Electric cars are an innovation of 1832, not something breakthrough

You will be very surprised! But the first electric cars appeared more than 100 years ago. Look what they were like

Electric cars — the future or deception?

Will the BRICS currency affect the US dollar?

2024-12-07 13:11:47

Even if there is a currency, no one will abandon the dollar, the further dominance of the dollar depends on the United States itself.

Russia, China, India and other countries accept the dollar and do not plan to abandon it 100%, settlements are also carried out in terms of dollars. The well-being of the dollar depends on the United States itself, if they act from a position of strength, then the rejection of the dollar will accelerate and a new currency will be issued. The BRICS countries will be more active in expanding trade in national currencies, as the use of the dollar as a sanctions stick has undermined confidence in it

Most likely, the BRICS will have to abandon India. Since she does not like to trade for the yuan, she does not want to give up the dollar. Because of this, the decisions of the BRICS groups, including the creation of a currency, are very difficult, at least that's how it is presented in the news. If the BRICS currency is backed by real resources, including land and rare earth metals, Russia will regret it in the future. Because it will not be able to compete with China, which will eventually be able to demand land in exchange for currency.