(01-03-2022, 05:51 PM)sgbuffett Wrote: Russian economy will collapse under sanctions
France said on Tuesday that sanctions against Russia will cause the Russian economy to collapse.
"We will bring about the collapse of the Russian economy," Finance Minister Bruno Le Maire told the Franceinfo broadcaster. He spoke a day after a new round of sanctions was announced by France and the EU.
"The economic and financial balance of power is totally in favour of the European Union which is in the process of discovering its own economic power," he added.
"We are waging total economic and financial war on Russia."
I'm betting that Russia will endure short term pain, but Europe will suffer long term damage
The reasons arent so hard to figure out
1. Europe badly needs Russian cheap energy, but Russia can sell to energy-hungry China. Europe needs Russian wheat, but Russia can sell them to the rest of asia. What else? Palladium, Titanium, Cobalt, Aluminium, Timber, etc commodities.
High energy + High commodity prices = Very bad news on manufacturing economies, eg Germany (Europe's engine)
2.Europe unleashed the powerful SWIFT weapon on Russia. But now that the world is spooked by how Europe weaponised SWIFT, guess what will they do? Look for alternatives, in case. Where's the alternative? Answer: Russia's SPFS + China's CIPS under works.
Half the world (who refuse to kow tow to Europe / US imperialism) will rush to park half their reserves in the new Russia-China system when its up & running
(CIPS stocks skyrocket yesterday)
Added:
Scholz may not last any longer than Putin might
Putin will go down as Donbass saviour
Scholz may go down into oblivion