World Bank, officially - Russia is the fifth economy in the world to overtake Germany.

Prove what ? I did not disagree that US citizens have 3 times the purchasing power of Russia .. so why are you pretending otherwise .. building a fat strawman .. What I told you is that the Data you provided did not show this -- specifically .. your claim that US citizen having 3 times the income in US Dollars . .. results in 3 times the purchasing power (the US citizen spending money in USA - Russian in Russia) I then then showed you why this claim is false ... and proved it .. and you agreed with my proof .. but seem to be having difficulty understanding why your initial claim is false. Go back and read if you can't figure out the bottle of vodka example and math problem ..

If bottle of Vodka is 1 dollar in Russia -- 9 Dollars in USA and the wages of 2 men are 3 dollars-Russia and 9 dollars-USA - as per the numbers you gave.. which man can buy more Vodka ?

 

Purchasing power parity is equalized.

You didn't throw anything at me. You threw an anecdotal made up with no bearing on facts.

It's literally the definition of PPP you are arguing against:

PPPs are the rates of currency conversion that equalize the purchasing power of different currencies by eliminating the differences in price levels between countries.

 

If you make over $400/day and can only save $1,500/month.....I wouldn't be bragging.

 

He didn't say that's all he was able to save, Bill.

 

Russian rouble slides past 101 vs dollar

 

News ticker on Russian building blasts Putin as Ruble sinks


The rubble is down nearly 40% this year so far. Yikes! No wonder the people of Surgut think Putler is a "dickhead and thief"

 

Need more pics/video's of rich Russians shopping. I am sure all the money wasted on this war plus sanctions are starting to wear down Russia. Just give it time.

https://www.axios.com/2023/08/15/ruble-rout-shows-limits-of-strongman-economics

 

Why are you so supportive of the Russians? One of the most loathsome and murderous regimes in world history?

 

Can Russia’s central bank save the ruble from a free fall? | DW News


I believe the answer is a resounding "Nope!"

 

Because Russian civilization is a civilization of creation and peace.
Russians liberated the world from fascism.
Russians liberated the world from colonialism (and continue to do so)
Russians created the greatest political and economic structure of society. (Thanks to the Russian Revolution, the 8 hour work day was established all over the world, parental leave, health care for the working man, universal free education for all were also Russians.,...in fact, all the achievements in the field of human rights (adequate achievements, not idiocy with LGBT) happened thanks to the Russian Revolution.)
The Russians opened the road to space for all mankind....
One prime example is prioritizing the use of nuclear energy.
The US was the first in the world to create and use nuclear weapons against civilians.
Russians were the first in the world to create nuclear power plants - a huge leap in the development of mankind.
Dostoevsky, Chekhov, Bulgakov,....Tchaikovsky, Rachmaninoff, Shostakovich....Malevich, Kandinsky, Filonov...- it is impossible to imagine world culture without them.
And real ballet can only be Russian.
And if you study the history of Russia without prejudice, I am sure you will change your negative attitude towards Russians.
By the way, Sikorsky (helicopters) is also a Russian scientific school.

 

just as an aside....it'll be interesting to see how all this brics crap the mongers are warbling on about pans out now that China is looking very dodgy...their tofu-dreg construction champion Country Garden is about to go under with significant ramifications for Chinese growth.....we'll see

 

The OP is laughable. The current ranking on the world banks website has Russia 8th and falling fast. https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?most_recent_value_desc=true

 

There is zero chance of it as I dai already said it wants nothing to do with it while neither Russia nor communist China would ever give control to the other. South Africa is basically a failed state at this point while Brazil trades so little with everyone but China there is no point. It is just a lie for propagandists and low. I.Q. people and nothing more.

 

yeah...this bollocks gets trotted every few years or so...it's a pipe dream driven by the various shills

 

Zero chance of What pray tell ?? .. creation of a new currency does not required giving control to one over the other .. hence labels such as "BRICS" currency and various other monikers .. and what this is about is not so much the currency .. but the creation of a means of international exchange .. the common currency just an accepted token among members -- however they want to work it. Members of the EU were doing this .SDR's special drawing rights but these only available to nations .. not corporations or citizens. .. The new system under the proposition would be available for use by all and thus compete with the "SOLE" USD status.

Those chanting "No No No -- Lie Lie LIe" Propaganda Propaganda .. have not the faintest clue what they are talking about ..as they have been working on this for years . and it is inevitable that the US lose SOLE status at some point .. is a matter of when . not if. .. so just absolutely no idea why those raging "Propaganda - Propaganda" are doing so other than fallacious nonsensical invective and/or to demonstrate lack of understanding of subject matter.

 

Bullshit about BRICS currency, who will replace dollar, going on for weeks already. Did not watch Russian propaganda lately, but series about "collapse of dollar" and "new reserve currency" have decades long history, a lot of morons talked about this in the past, but till this day nothing like this happened.

 

This is my favorite video about "new reserve currency" and "collapse of dollar"
Краткая исстория краха доллара(Dollar collapse short history)



We can see here how from 2001. Various morons in Russian TV are telling people, that dollar is finished, there will be "anti dollar coalitions created" and so on. Especially funny was a story from Chavez, that dollar is unworthy paper, I guess if compared with bolivar

This bot here, just continue stories about new reserve currencies and dollar collapse, what is very funny.

 

I agree it would be moronic to think some blatherings from Russia in 2001 are relevant to the topic .. along with all this made up silliness about BRICS currency replacing the dollar .. becoming the new reserve currency .. quite the pile of nonsense you have found

 

It's relevant, because exactly these morons and their masters is your main source of information

 

"These Morons your main source" - clearly they are your main source friend. Let us not try to tar others around us with your failings. The one who has been introducing silly nonsense from sources you refer to as "morons" is you. For example this talk about BRICS currency replacing the US Dollar. This is a ridiculous statement coming from someone who has no understanding of the subject matter .. the making of such a statement like having a stamp on forehead .. the invective which you are desperately trying to tar others.

 

More personal invective and ad hom fallacy. Give it a rest and stick to the topic at hand, mate.

 

You almost killed Dostoevsky:

On December 22, 1849 writer Fyodor Dostoevsky is led before a firing squad and prepared for execution. He had been convicted and sentenced to death on November 16 for allegedly taking part in antigovernment activities. However, at the last moment he was reprieved and sent into exile.​

https://www.history.com/this-day-in-history/dostoevsky-reprieved-at-last-minute

Almost executed for "allegedly taking part in antigovernment activities." And nowadays he would probably be imprisoned for the same. He sure as **** wouldn't support your modern tsar and his war against peaceful Ukraine.

 

......what Pod doesn't show....

 

whose*

Now, let's get back to talking about the thread topic, which is the collapse of Putler's 'fortress economy' under sanctions.