Quote (Sioux @ Jun 11 2022 11:58pm)

You're championing a country that has used its population as a meatgrinder to win wars since the dawn of time.

Quote (Goomshill @ 11 Jun 2022 23:37)

Global markets don't exist in a vacuum. The US is subject to the same forces of energy and food availability worldwide, particularly energy prices, and Biden's economic sanctions on Russia were the proximate cause of the current energy and food crisis.

Quote (Goomshill @ Jun 12 2022 04:28am)

The Russia economy is doing reasonably well and the western sphere's collective economy is in shambles and spiraling even further downwards. Whatever we can cry about centralized economies and market manipulation is 1) not changing that fact and 2) hypocritical to an extreme.
https://www.economist.com/graphic-detail/2022/06/10/russias-economy-appears-to-be-back-on-track
https://archive.ph/d5YRh

There is 'some inflation' in Russia, there is hyperinflation in the US. The Ruble is at 30% higher than pre-invasion values and the Russian central bank is cutting interest rates. The US dollar is plummeting and the federal reserve is hiking interest rates. The Russian trade balance is 4x higher than a year ago and exports are 65% up. Its just an economic fact right now that Russia is doing extremely well by comparison to the west. Its like the comparison I made to Jefferson's 1807 Embargo Act. In response to British naval aggression, Jefferson tried to avoid direct military conflict with aggressive embargos. The result was a crippled American economy and the British trade being stronger than ever. It plunged America into economic crisis. And guess how that diplomatic back and forth ended, 5 years later.

There are longstanding economic issues that caused this wave of inflation, there's no doubt about that, decades of printing money was compounded by a few years of extreme money printing coupled with economic stagnation due to the pandemic. It was energy prices from Biden's economic warfare on Russia that was the proximate cause tipping point that plunged us over the edge. Without that, we might have had years of borrowed time, and a few of economic booms like Trump's economy could have generated the real economic growth to neutralize the effects of irresponsible quantitative easing. But that's not going to happen. There's a 101% +/- 1% chance the American economy is headed into a recession and several market bubbles bursting simultaneously, notably housing. All coupled with a food and energy crisis that Russia is leveraging.

Trump waged a trade war on China and extracted some reasonable gains. Biden waged a trade war on Russia and we might not even survive as a nation

Quote (Ironfister @ 12 Jun 2022 10:36)

food crisis is because Russia took over some and blocked the rest of Ukrainian seaports. Half of Africa was getting their cheap food from Ukraine, there are very good arable lands in Ukraine.
About energy, US is energy exporter, not the importer. So if the prices goes up, you guys actually benefit.
I tell you once again, there was too much money printing since 2008, and rapid money printing during covid, inflation is to clear part of this extra money that was printed.

Quote (Norlander @ 12 Jun 2022 10:12)

Quote (Ironfister @ 12 Jun 2022 11:24)

According to this picture its more like 25% rather than half?
Not sure if the picture lines are very exact or they are high level view only.
Anyway 25% missing food could be a problem for these countries. especially since Russia can limit their own exports and blame Ukraine, to make the problem even bigger and force Ukraine to give up themselves for sake of Africans, who are being kept as hostages by Russia.

Quote (Norlander @ Jun 12 2022 04:36pm)

It's even worse, for the countries mentioned in the picture it's close to 100%. For example, 70% of imported wheat in Turkey is Russian, sea shipment, Black Sea, you know. Rest are getting wheat elsewhere or don't rely on such grain.

Quote (Tarisus @ 12 Jun 2022 16:41)

I don’t think they are a major factor in increased prices in everything in US. Here’s 2 facts: gas increased from 6 CNY to 9 CNY since last year in China. No food increases.

Another fact is everything is spiking up in US, even milk and egg. US is a major dairy producer, it wouldn’t need any imports.

The war is used to blame for all the higher prices but inflation of USD affects the cost of living too.

Quote (Hamsterbaby @ 12 Jun 2022 15:59)

Well if you try to blame the problems you personally created on other countries.
Create fear amongst your population to advance your political ambitions.
Create enemies who are not exactly a threat to your security.
Sanction countries who do not toe your line, spending unnecessary on others when you are facing serious infrastructure problems in your country.
I guess sooner or later that particular country will be screwed.