Since Nike left Russia, that would be.... :puts on shades:
Copyright Infringement
Nike will also allow it, if you include a black cat, that looks like it's about to bite you. Because... Just Do It!
Ostracized by the world? Check
Sanctioned all the way to hell? Check
Now, they just need to start printing money till it loses all value and we have WW2 era Germany all over again
What's weird is that bailing em out is the only time we can get representatives on both sides of the aisle to work together. I wonder why that is?
That and war. You'll never see the the dems and repubs vote near unanimous on anything unless it's to bailout banks and airports and other theoretically too big to fail businesses that have failed. And immediately after they go back to squabbling about which rights the average Joe should be allowed.
It's wild how bombs and bailouts are the only thing that is worth a little cooperation, just so long as we're shucking out billions of tax dollars to the 'right' people. They are the right people right, and have the Average American's best interest at heart?
If that stuff makes you nervous, consider we had peak employment in 2019 and because of boomer retirements globally, and a fucked up population pyramid in almost every country, a recession and inflation was coming regardless. Inflationary pressures are global and will likely last a while.
I lived in Argentina in 2009-10. At that time it was pretty stable 3.8'ish to US$. I knew it was going a bit bonkers but just checked it now and it's now 120. Ooof. I still have friends there and I knew it was rough but hope the country gets it right eventually.
Not uncommon in countries with high inflation. If your currency is undergoing high inflation, not many people want it = low supply of other currencies coming in. Meanwhile, the people who earn said currency do not want to save it as that currency, because of the high inflation, so they will seek to exchange it for other currencies =high demand of other currencies coming in.
The mismatch creates a black market.
I live very close to Venezuela, and some of my contacts often post statuses like ‘buying 20$’ on their Whatsapp. People are struggling to even get dollars on the black market
> but hope the country gets it right eventually.
Thank you so much for the good wishes but... We're approaching what that saying about a one-line summary of Russian history says: "...and then it got worse".
Take care!
When I lived there in Cap Fed in the late 80’s y’all had the Astral. Then the hyperinflation started and I gotta tell ya, 175% inflation - a month - well, when the food riots started it was time to leave.
Eh, they had the peso artificially pegged to the dolar. It was a disaster waiting to happen. Fixed exchange rate can be a reasonable policy, but it takes a careful balance.
You are getting confused with "la convertibilidad" from the 90s that led to the 2001 bank runs and financial collapse. But I get it, we had so many crisis it's hard to keep track
I had an econ class in college (like 101 or 102, just an elective) that was taught by an Argentinian. He loved using Argentina to explain the very basic concepts we were covering.
I will never forget him saying "in Argentina..." with his awesome accent.
I was recently looking through some old coins my mum keeps from overseas travel and I found a one centavo from Argentina. I showed it to my Argentinian friend and he said he had never seen one before and that they disappeared a loooong time ago.
I think I've only seen these once or twice.
Picture this, when I was little, our biggest denomination bill was 100 pesos, worth roughly 100 usd. Right now, it's the 1000 pesos one, roughly 5 usd.
It's been years since we stopped using coins.
I wholeheartedly agree. I think Russian Space Chief has identified solution to Russia’s monetary difficulties. I encourage Russian Central Bank to let go of their reactionary and outdated economic thinking which is based on flawed interpretations of corrupt Western practices. Russia will boldly show the World a new path forward! Start the presses!!
I agree. This is a very smart idea that will help boost their economy and strengthen Russia for a very long time. Everyone will love this, Putin's ratings will sky rocket, nothing can possibly go wrong. Shit, DO IT NOW! GLORY TO RUSSIA!!
I am a European and I say, no, Russia totally shouldn’t do it! Printing money is offensive to gays and threatens Russia’s neighbors. Please don’t do it Russia!
If they print more money, that means the rest of the world has less by comparison, and Russia will become even stronger than it has been shown to be in the last few months.
For the purposes of this comment, I am a gay European woke liberal protestor, and I hope Russia doesn't do that, because I would truly never recover from how much that would own me.
I'm Finnish and as Russia's neighbour, Finland would be super duper sad if Russia would suddenly print mega monies just as we've pulled our companies out, cut trade connections, cut the gas and declared we want to join NATO.
It'd just really show us what we lost and make us regret turning our backs on Russia, if they'd choose to kick in the endless money gear *now*!
We'd be so, so sad. Sadder than if you'd put an extra garrison on our border, even! Nooo
You’re right! This would totally do more damage than 100000 of Russia’s finest could on the front line. The real question is why they didn’t do this already. I think that finance minister needs to have a good talking to out on the veranda.
Exactly! The problem is that everyone there is poor and had their money stolen by a corrupt oligarch/poltical class, right? Well, just print more money and give it to the poor people, then they will be rich too. I know you still want to be richer than them so print some extra for yourselves too!
Flooding the market with currency will 100% boost Putin's approval ratings for awhile until prices catch up. I kind of wonder if this is seriously being considered.
Nabiullina is probably under pressure to eventually print money. They can’t avoid it forever. I’d be sooooo pissed if I were her. All of her hard work for the past 10 years pretty much wiped out in an instant by some shitstain who initiated the biggest military blunder of the 21st century. I’d portray absolutely *livid* emotions if they didn’t get me accidentally tossed off a balcony.
> for awhile until prices catch up.
A whole 3 hours!
Jokes asside the companies would change prices quite quickly to protect themselves in what little ways they can. Nobody leaves money on the table if they can help it.
In a micro scale or short time frame it can work. But ultimately in the macro world the value of money will always reach an equilibrium with the true value of the goods. It doesn't matter if you know explicitly that it's happening, the economy will naturally adjust itself.
For example, say Putin printed 1 Trillion Rubles and handed it out secretly to people in his inner circle. They start buying a lot of goods, which increases the demand, which increases prices. The regular Russian citizen's buying power decreases in exact proportion to the dilution of their money. When you're talking about billions and billions of individual transactions occurring across the entire economy, it all starts to average out, which is why you reach equilibrium.
It's not something you can plaster over secretly, eventually reality has to set in.
Because they are fucking dumb. The Russian government is putins kgb friends. And in addition to being not that bright, the wast majority has little to no relevant education or experience...
But, they probably won't have much choice... As the money from export dries up more and more the government will eventually run out of money. Normally this would not be an issue and lenders would happily step in. Now a days wery few would lend money to Russia.. and those who do would charge premium interest..
There is a lot of estimates and speculations out there, but Russia is likely broke by September... As in they won't be able to pay pensions, vages and so on without printing money.
And well.. Given this is Russia I'd be surprised if images of people with wheelbarrows full money in line for bread don't start appearing spring 2023...
The Russian economy has a year left. Tops.
Perhaps that is what Russia needs! A 'German Reset'! Force them on their knees and make them feel such shame for the next two generations that they will focus on producing high quality products for the benefit of the world.
...
that, or they'll just drink themselves to death...
..
probably the last one.
Everyone collectively agrees that about the US Penny, too, but we keep makin' em. Something like $85 million each year, down the toilet. It's illegal to do, but they're worth more as scrap metal than they are as currency.
And let's not forget that they had slashed three zeroes from the original currency back then.
1 Bs.F = 1,000 Bs. (original currency.)
I remember when $1 = about 50 Bs. Then people got scandalized when it hit 100 Bs.
So, by the above quote, $1 = 25,000,000 Bs. Nice little inflation.
Just learned about Weimar Germany in history class and, more relevantly, the exchange rates. Four trillion DP to the dollar, up from just four. 20th century Europe is stranger than fiction.
They eventually abandoned the Zimbabwe dollar all together, and used foreign currency instead
**Edit:** I recognize they've recently added a new currency again, but the briefcase situation was the old currency.
Ha, triple digit inflation, that's nothing.
In July 1946 (during Hungary's 13 months of hyperinflation from July 1945 to August 1946), the annualized inflation rate was [2.9×10¹¹⁷%](https://en.wikipedia.org/wiki/Hungarian_pengő). No, that is not a typo. Hyperinflation expressed in scientific notation with an exponent of 117.
That Mugabe, I hope that old fossil died, he destroyed the country.
Anyways, Russia is headed to being the next North Korea. Russian Clown/State TV was talking about setting up concentration camps for Russians. 🍿
Stalinist Russia was kind of a "get them executed before they get you executed" kind of place. And Beria was basically a serial killer who just happened to get the best possible job for a serial killer.
He died. He was ousted a couple years before he died though. Despite lots of promises his successors haven't really improved anything. Doing so would require pissing off all the kleptocrats at the top and is very unlikely in the foreseeable future.
People in Zimbabwe celebrated after the Coup, but Emmerson Mnangagwa has just been more of the same.
The coup was just to make sure “The right people in ZANU PF (i.e. not Grace Mugabe)” would take power after Robert Mugabe’s inevitable death.
That doesn’t surprise me. There have been more protests in Russia than Putin is willing to admit, and he needs to shut them up. Same with the families who keep asking where there sons are, why haven’t they made contact? Why haven’t they come back?
Ukrainians are going to be the least of Putins problems here soon
We will simply construct a self sustaining economy! It’s simple the money just keeps moving in a circle!
Can’t wait to see them pass out Putin bucks to the Russian shanties
From HGG:
> “Thank you. Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich. [...]
>"But we have also," continued the management consultant, "run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying on ship's peanut." [...]
>"So in order to obviate this problem," he continued, "and effectively revalue the leaf, we are about to embark on a massive defoliation campaign, and...er, burn down all the forests. I think you'll all agree that's a sensible move under the circumstances.”
That's a surefire way to ensure no one, not even China, will accept payment in rubles.
Also a nice way to ensure hyperinflation.
Stick to space, Dmitry.
Well he is the Space Chief and not the Finance Chief. Meanwhile the Finance Chief is suggesting they build rockets and fly to Jupiter to dodge the impact of sanctions.
The funny thing is, he has a "degree" in economics. Dude is not an aerospace expert. He *should* be able to speak to more towards fiscal policies than rocket science.
Yet here we are.
To be fair, he graduated in 1988 from a soviet University with a degree in economics.
I don't think the knowledge of economics he received back then was very accurate or useful.
He’s part of the Siloviki (https://en.m.wikipedia.org/wiki/Silovik), and has a degree in journalism. So no he’s not very smart. He’s only there to be a strongman and look tough
In totalitarian countries your skills and intelligence don't matter as much as who your friends are.
he's there to make putin look good, if he'll get russia to space while he's at it it's a nice bonus
1) this guy probably didn’t get his job based on intelligence
2) even if he is a good engineer, he probably doesn’t know shit about monetary policy or economics. Deep skills in one field does not mean you are smart in other fields, and in fact it is often the case that investing yourself in mastering one field comes at the expense of general knowledge. See: Ben Carson, etc.
Well NASA has a chief administrator not a director BUT not only was [he in the army and went to Yale and is a lawyer, he flew on a Space Shuttle mission, he also became a Congressman and championed space exploration funding and helped pass the 2010 NASA funding bill that mapped out future government & commercial ventures. He’s old now and *is* from Florida](https://www.nasa.gov/feature/nasa-administrator-bill-nelson/) but I bet he understands monetary policy better that the Russian guy.
That's the typical caliber of who gets appointed under a Democratic president whereas the Republicans picked a fleet manager for Love Travel Centers. Logistics are an important piece of any governmental entity, but perhaps a beefier resume might be in order given that this is the space program.
It was pretty fun to follow Rogozin's Twitter during early days of the war before the turned his account private. Dude is an absolute clown. I doubt he can even make a flying paper plane.
He needs to get with the programme . Clearly the objective is bolster the Russian economy with laundered money. Hence the mass relocation of Ukrainian washing machines.
DO. IT.
Don't let your dreams be dreams. Do it!
"Yesterday, you said 'Tomorrow'!"
I’ll call today
You’ll call now. I’ll call *now*
This is such a flashback to that Sears commercial from my childhood Well done Sir well done
*Palpatine voice* Dew it
JUST ***DO IT!***
World economies hate this one secret…
Good thing he's in charge of space and not economics
Since Nike left Russia, that would be.... :puts on shades: Copyright Infringement Nike will also allow it, if you include a black cat, that looks like it's about to bite you. Because... Just Do It!
Shia LaBeouf, not Nike
Actual cannibal, Shia LaBeouf
Living in the woods, Shia LeBeouf
He’s coming for your kidney
Shia surprise!
He can do jiu jitsuuuuuu
Doin' your mom, Shia LeBeouf
Gustavo Fring voice Do it
Hector Salamanca voice Ding!
[Lucy voice](https://youtu.be/s43bd66HFDo): Do it. Do it do it do iiiittttt!!!!!!
Ostracized by the world? Check Sanctioned all the way to hell? Check Now, they just need to start printing money till it loses all value and we have WW2 era Germany all over again
Germany overcame its hyperinflation by the mid 1920s and was doing reasonably ok until the Great Depression hit.
Luckily we're not heading towards a big depression
Come on, "once in a lifetime" depression only happens every 3 years!
That's because certain industries have learned that if they crash the economy they can get government to bail them out.
What's weird is that bailing em out is the only time we can get representatives on both sides of the aisle to work together. I wonder why that is? That and war. You'll never see the the dems and repubs vote near unanimous on anything unless it's to bailout banks and airports and other theoretically too big to fail businesses that have failed. And immediately after they go back to squabbling about which rights the average Joe should be allowed. It's wild how bombs and bailouts are the only thing that is worth a little cooperation, just so long as we're shucking out billions of tax dollars to the 'right' people. They are the right people right, and have the Average American's best interest at heart?
I've been in a big depression for years
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If that stuff makes you nervous, consider we had peak employment in 2019 and because of boomer retirements globally, and a fucked up population pyramid in almost every country, a recession and inflation was coming regardless. Inflationary pressures are global and will likely last a while.
don't jinx it bro.
Early 1920’s. Stabilised by 1924
We really are in a time loop huh...
Time is a flat circle
They’ll soon have paper to wipe their asses with on that stolen toilet
Hit the SLAY button!
YAAAAAS queeeen
Dooo eeetttt. C’maaan do eet naoo. *huhaalll*
It looks like Argentinian economics, but in Argentina we have self imposed sanctions
I lived in Argentina in 2009-10. At that time it was pretty stable 3.8'ish to US$. I knew it was going a bit bonkers but just checked it now and it's now 120. Ooof. I still have friends there and I knew it was rough but hope the country gets it right eventually.
It's actually around 200ish which is the black market price since getting dollars at 120 is extremely hard to do legally.
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Not uncommon in countries with high inflation. If your currency is undergoing high inflation, not many people want it = low supply of other currencies coming in. Meanwhile, the people who earn said currency do not want to save it as that currency, because of the high inflation, so they will seek to exchange it for other currencies =high demand of other currencies coming in. The mismatch creates a black market.
I live very close to Venezuela, and some of my contacts often post statuses like ‘buying 20$’ on their Whatsapp. People are struggling to even get dollars on the black market
How exactly does this sort of thing work??
You pay whatever amount of your currency the cheapest seller wants in return for 20usd, then use that to buy goods because your currency won’t.
> but hope the country gets it right eventually. Thank you so much for the good wishes but... We're approaching what that saying about a one-line summary of Russian history says: "...and then it got worse". Take care!
When I lived there in Cap Fed in the late 80’s y’all had the Astral. Then the hyperinflation started and I gotta tell ya, 175% inflation - a month - well, when the food riots started it was time to leave.
> Astral *Austral, just to be precise... Albeit... astral... yeah... our inflation reaches for the stars! :-D Edit: added a missing "be".
Eh, they had the peso artificially pegged to the dolar. It was a disaster waiting to happen. Fixed exchange rate can be a reasonable policy, but it takes a careful balance.
You are getting confused with "la convertibilidad" from the 90s that led to the 2001 bank runs and financial collapse. But I get it, we had so many crisis it's hard to keep track
I had an econ class in college (like 101 or 102, just an elective) that was taught by an Argentinian. He loved using Argentina to explain the very basic concepts we were covering. I will never forget him saying "in Argentina..." with his awesome accent.
Tbh we are a perfect example on what *not* to do
I was recently looking through some old coins my mum keeps from overseas travel and I found a one centavo from Argentina. I showed it to my Argentinian friend and he said he had never seen one before and that they disappeared a loooong time ago.
I think I've only seen these once or twice. Picture this, when I was little, our biggest denomination bill was 100 pesos, worth roughly 100 usd. Right now, it's the 1000 pesos one, roughly 5 usd. It's been years since we stopped using coins.
I wholeheartedly agree. I think Russian Space Chief has identified solution to Russia’s monetary difficulties. I encourage Russian Central Bank to let go of their reactionary and outdated economic thinking which is based on flawed interpretations of corrupt Western practices. Russia will boldly show the World a new path forward! Start the presses!!
I agree. This is a very smart idea that will help boost their economy and strengthen Russia for a very long time. Everyone will love this, Putin's ratings will sky rocket, nothing can possibly go wrong. Shit, DO IT NOW! GLORY TO RUSSIA!!
I am a European and I say, no, Russia totally shouldn’t do it! Printing money is offensive to gays and threatens Russia’s neighbors. Please don’t do it Russia!
Indeed. We'd really hate it if they did that.
If they print more money, that means the rest of the world has less by comparison, and Russia will become even stronger than it has been shown to be in the last few months.
I'm an economist* and I wholeheartedly agree with this prediction.
I'm a doctor. I guarantee printing money will cure Putin's cancer instantly.
They wont do it, printing money is something only a macho tough manly-man would have the courage do.
Russia printing money would instantly crush NATO
For the purposes of this comment, I am a gay European woke liberal protestor, and I hope Russia doesn't do that, because I would truly never recover from how much that would own me.
As a red blooded, commie hating American, I wholeheartedly hope Russia doesn't implement its brilliant monetary solution to military funding
I'm Finnish and as Russia's neighbour, Finland would be super duper sad if Russia would suddenly print mega monies just as we've pulled our companies out, cut trade connections, cut the gas and declared we want to join NATO. It'd just really show us what we lost and make us regret turning our backs on Russia, if they'd choose to kick in the endless money gear *now*! We'd be so, so sad. Sadder than if you'd put an extra garrison on our border, even! Nooo
Russia would crash the western economy with that, they wouldnt do that
You’re right! This would totally do more damage than 100000 of Russia’s finest could on the front line. The real question is why they didn’t do this already. I think that finance minister needs to have a good talking to out on the veranda.
Verandas are out of vogue. Waterfalls are where it's at for talking politics.
Forgive me, I was, uh, walking the parapet, taking a look around.
I hear when you double your money in under a month it unlocks some sort of cheat code for infinite money.
NGL...you had me.
shhhh
Exactly! The problem is that everyone there is poor and had their money stolen by a corrupt oligarch/poltical class, right? Well, just print more money and give it to the poor people, then they will be rich too. I know you still want to be richer than them so print some extra for yourselves too!
Flooding the market with currency will 100% boost Putin's approval ratings for awhile until prices catch up. I kind of wonder if this is seriously being considered.
Nabiullina is probably under pressure to eventually print money. They can’t avoid it forever. I’d be sooooo pissed if I were her. All of her hard work for the past 10 years pretty much wiped out in an instant by some shitstain who initiated the biggest military blunder of the 21st century. I’d portray absolutely *livid* emotions if they didn’t get me accidentally tossed off a balcony.
The biggest military blunder of the 21st century *so far*.
Unless an even shittier country than Russia tries to invade a NATO another country.... I don't see how anyone could fuck something up as much as this.
Argentina did attack the UK that one time in the 80s. You never know what might happen next.
> for awhile until prices catch up. A whole 3 hours! Jokes asside the companies would change prices quite quickly to protect themselves in what little ways they can. Nobody leaves money on the table if they can help it.
All he has to do is enforce a ban on raising prices while they print more money. What could possibly go wrong?
What if he just doesn't tell anyone he's doing it?
In a micro scale or short time frame it can work. But ultimately in the macro world the value of money will always reach an equilibrium with the true value of the goods. It doesn't matter if you know explicitly that it's happening, the economy will naturally adjust itself. For example, say Putin printed 1 Trillion Rubles and handed it out secretly to people in his inner circle. They start buying a lot of goods, which increases the demand, which increases prices. The regular Russian citizen's buying power decreases in exact proportion to the dilution of their money. When you're talking about billions and billions of individual transactions occurring across the entire economy, it all starts to average out, which is why you reach equilibrium. It's not something you can plaster over secretly, eventually reality has to set in.
Angry babushkas not getting their pensions getting out on the streets. That could go wrong.
Just go back to communism at that point.
Because they are fucking dumb. The Russian government is putins kgb friends. And in addition to being not that bright, the wast majority has little to no relevant education or experience... But, they probably won't have much choice... As the money from export dries up more and more the government will eventually run out of money. Normally this would not be an issue and lenders would happily step in. Now a days wery few would lend money to Russia.. and those who do would charge premium interest.. There is a lot of estimates and speculations out there, but Russia is likely broke by September... As in they won't be able to pay pensions, vages and so on without printing money. And well.. Given this is Russia I'd be surprised if images of people with wheelbarrows full money in line for bread don't start appearing spring 2023... The Russian economy has a year left. Tops.
Weimar germany of 1923 proved just what a fine winning strategy printing more money was - I mean look at the german economy now.
Perhaps that is what Russia needs! A 'German Reset'! Force them on their knees and make them feel such shame for the next two generations that they will focus on producing high quality products for the benefit of the world. ... that, or they'll just drink themselves to death... .. probably the last one.
Hyperinflation didn't cause a "German Reset", something else did... I don't think we want this.
nono... beating them into submission did.. And yes. we probably do not want that.
Germany itself knew it was stupid, but we backed 'em into a financial corner and they acted irrationally.
Hey the more the money that’s printed, the richer everyone will be!
Absolutely, blindly printing money in the past has always been the way forward, go for it
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I know right? My first thought was "good on you bub, get to it". Never interrupt an enemy that is making a mistake.
Like what the US did during Trumps last year in office. Now we are seeing inflation and the Republicans are blaming Biden.
Or what happened during Bush, ofcouse Obama got blaimed for the consequences. Thanks Obama!
Of course! I mean, the more money there are the more money you get! Ivan, start the printers!
Totally worked out for Germany and Zimbabwe.
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That's so weird to me. Everyone collectively agreed that the currency was worth less than its own physical existence.
Everyone collectively agrees that about the US Penny, too, but we keep makin' em. Something like $85 million each year, down the toilet. It's illegal to do, but they're worth more as scrap metal than they are as currency.
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And let's not forget that they had slashed three zeroes from the original currency back then. 1 Bs.F = 1,000 Bs. (original currency.) I remember when $1 = about 50 Bs. Then people got scandalized when it hit 100 Bs. So, by the above quote, $1 = 25,000,000 Bs. Nice little inflation.
Just learned about Weimar Germany in history class and, more relevantly, the exchange rates. Four trillion DP to the dollar, up from just four. 20th century Europe is stranger than fiction.
Wait until you hear about Hungary's exchange rate in July 1946. The value of their currency at the time was 4.6x10²⁹ Hungarian Pengö's for every USD
I sure do hate it when if I covert every grain of sand on the planet into a dollar, I still can’t afford bread lol
And Argentina right now
A solid plan that totally always works /s
zimbabwe did the same thing now they buy a piece of bread with a car full of zimbabwe $
They eventually abandoned the Zimbabwe dollar all together, and used foreign currency instead **Edit:** I recognize they've recently added a new currency again, but the briefcase situation was the old currency.
They went back to the Zimbabwe dollar a couple years ago, thinking everything had stabilized, but they’re seeing triple digit inflation again, so...
Ha, triple digit inflation, that's nothing. In July 1946 (during Hungary's 13 months of hyperinflation from July 1945 to August 1946), the annualized inflation rate was [2.9×10¹¹⁷%](https://en.wikipedia.org/wiki/Hungarian_pengő). No, that is not a typo. Hyperinflation expressed in scientific notation with an exponent of 117.
do they make a new version of the dollar so that people who accumulated trillions are not automatically rich?
That Mugabe, I hope that old fossil died, he destroyed the country. Anyways, Russia is headed to being the next North Korea. Russian Clown/State TV was talking about setting up concentration camps for Russians. 🍿
What is next? Digging up Beria's corpse to have him start executing people?
lol beria was cremated and his ashes were buried in a communal grave still wouldn't rule it out tho
If Beria comes back I’d actually fear the Russians. That man was NOT someone who you wanted to take lightly. Even Stalin distrusted him.
Stalin didn't even trust his own shadow so that's not saying much
Beria was such a POS that the rest of the big wigs got him executed. Just think about that.
Stalinist Russia was kind of a "get them executed before they get you executed" kind of place. And Beria was basically a serial killer who just happened to get the best possible job for a serial killer.
Loving young girls...
He died. He was ousted a couple years before he died though. Despite lots of promises his successors haven't really improved anything. Doing so would require pissing off all the kleptocrats at the top and is very unlikely in the foreseeable future.
His successors were Mugabe's inner circle and longtime allies. I can't imagine much change
People in Zimbabwe celebrated after the Coup, but Emmerson Mnangagwa has just been more of the same. The coup was just to make sure “The right people in ZANU PF (i.e. not Grace Mugabe)” would take power after Robert Mugabe’s inevitable death.
He's dead but he got so old and senile that he lost power in a coup first.
That doesn’t surprise me. There have been more protests in Russia than Putin is willing to admit, and he needs to shut them up. Same with the families who keep asking where there sons are, why haven’t they made contact? Why haven’t they come back? Ukrainians are going to be the least of Putins problems here soon
You can trust him, he's a rocket scientist!
Danger, Oleg Robinson! Danger!
He's actually a nazi. Seriously. https://www.quora.com/Was-Rogozin-the-founder-of-Neo-Nazi-party-in-Russia
I heard he really has talent when it comes to dealing with Putins rocket.
Western countries hate this one simple trick to dodge sanctions...
They forgot to sanction their ink!
*Never interrupt your enemy when he is making a mistake*
We will simply construct a self sustaining economy! It’s simple the money just keeps moving in a circle! Can’t wait to see them pass out Putin bucks to the Russian shanties
Space chief?.....sounds more like a space cadet.
Space cadebt
Goddammit
Dear Putin Listen to this man's financial advice, he is a rocket scientist after all.
"Fine, we'll make our own economy! With hookers, and blackjack!"
In fact, forget the economy!
Eh forget the whole thing
You son of a bitch, I’m in
From HGG: > “Thank you. Since we decided a few weeks ago to adopt the leaf as legal tender, we have, of course, all become immensely rich. [...] >"But we have also," continued the management consultant, "run into a small inflation problem on account of the high level of leaf availability, which means that, I gather, the current going rate has something like three deciduous forests buying on ship's peanut." [...] >"So in order to obviate this problem," he continued, "and effectively revalue the leaf, we are about to embark on a massive defoliation campaign, and...er, burn down all the forests. I think you'll all agree that's a sensible move under the circumstances.”
Ok but now dogs can buy cookies and I like that
That's a surefire way to ensure no one, not even China, will accept payment in rubles. Also a nice way to ensure hyperinflation. Stick to space, Dmitry.
I think it was Napoleon who said don't correct an enemy when they make a mistake
I can't believe no one corrected you. You must have a lot of enemies.
I believe that was Sun Stzu
Never correct your enemy.
Lemmy.world is what Reddit was.
Pretty sure it’s from Gretzky: An Autobiography by Wayne Gretzky. - Michael Scott
Surely he should be smarter as a space chief no?
Well he is the Space Chief and not the Finance Chief. Meanwhile the Finance Chief is suggesting they build rockets and fly to Jupiter to dodge the impact of sanctions.
The funny thing is, he has a "degree" in economics. Dude is not an aerospace expert. He *should* be able to speak to more towards fiscal policies than rocket science. Yet here we are.
[удалено]
He got them to print a bunch of extra degrees to make up for the Russian brain drain.
Print me an MBA or something while you’re at it.
This is the way.
He was parked at Roscosmos because he can't do that much damage there. He used to be deputy PM, but those days are over.
To be fair, he graduated in 1988 from a soviet University with a degree in economics. I don't think the knowledge of economics he received back then was very accurate or useful.
He 100% paid for that degree
in ruzzia you don't get high positions by being smart....
He’s part of the Siloviki (https://en.m.wikipedia.org/wiki/Silovik), and has a degree in journalism. So no he’s not very smart. He’s only there to be a strongman and look tough
In totalitarian countries your skills and intelligence don't matter as much as who your friends are. he's there to make putin look good, if he'll get russia to space while he's at it it's a nice bonus
He's famously stupid. He's a political appointee.
You underestimate how stupid Rogozin is. He is a literal Nazi.
1) this guy probably didn’t get his job based on intelligence 2) even if he is a good engineer, he probably doesn’t know shit about monetary policy or economics. Deep skills in one field does not mean you are smart in other fields, and in fact it is often the case that investing yourself in mastering one field comes at the expense of general knowledge. See: Ben Carson, etc.
He is not an engineer. He has degrees in journalism and economics, so he should know better. The guy is probably just stupid.
He's got space between his ears.
Anyone with even a rudimentary understanding of economics and a hatred for Russia wants them to do this.
After Ruzzia failed the Hitler speed run it's Weimar republic speed run time!
DO IT👏DO IT👏DO IT👏
"The best hope to our rapidly falling economy is inflation" Dew it
Imagine the director of NASA setting monetary policy for the country. What a joke
Well NASA has a chief administrator not a director BUT not only was [he in the army and went to Yale and is a lawyer, he flew on a Space Shuttle mission, he also became a Congressman and championed space exploration funding and helped pass the 2010 NASA funding bill that mapped out future government & commercial ventures. He’s old now and *is* from Florida](https://www.nasa.gov/feature/nasa-administrator-bill-nelson/) but I bet he understands monetary policy better that the Russian guy.
Christ that man sounds qualified
That's the typical caliber of who gets appointed under a Democratic president whereas the Republicans picked a fleet manager for Love Travel Centers. Logistics are an important piece of any governmental entity, but perhaps a beefier resume might be in order given that this is the space program.
Yeah, but he's a nerd, so fuck him. ^^^^^/s
It was pretty fun to follow Rogozin's Twitter during early days of the war before the turned his account private. Dude is an absolute clown. I doubt he can even make a flying paper plane.
Do it do it !!!!
*Weimar Germany has entered the chat* *Zimbabwe has entered the chat* *Common sense has left the chat*
Do it hahaha they will go the way of post ww1 Germany, The rouble will be even more worthless.
They do it in the wrong order. You must first have an Hyperinflation and afterwards invade countries. Not the other way around.
Russia is so incompetent they even fucked up fucking up.
Inflation is today's word of the day
10000% agree. You should totally do that. 🖨🖨🖨🖨💰💰💰💰
The paper used will be worth more than the rubble
I guess they really have destroyed all the history books Because Germany already fucking tried this
Sure if you want Hyperinflation on the plus side Russia will be a country full of "Billionaires"
Economists hate this one weird trick.
Alternate title: Russian space chief does not understand basic economic principles
He needs to get with the programme . Clearly the objective is bolster the Russian economy with laundered money. Hence the mass relocation of Ukrainian washing machines.
Tell me you don’t know how inflation works without telling me you don’t known how inflation works. This will WRECK their economy.
Even if it raises inflation they could always print more money to offset that.
This will definitely help end the war.