Hi James Thanks for the question. I do try to cover as many economies as possible and have made videos on around 100 different countries however the data / views / feedback strongly indicates that my viewers are significantly more interested in Russia and China than any other countries. In the past 90 days I have posted videos on the Israel, Lebanon, Argentina, El Salvador, Turkey, Venezuela, Bangladesh, USA, UK, Bolivia, Egypt, Germany, North Korea and South Africa however those videos are much less popular and attract far fewer views. I only have a limited amount of time so I have to prioritise which topics to cover and as I am a big fan of data I tend to select topics which I believe are interesting and will be popular. If things change then I will move with the data but currently the most popular topics are Russia and China. Cheers Joe
Ther are lots of channels on YT that talk about economies of countries other than China and Russia. All you need to do is head over to those channel that suit your interest.
@@joeordinary209 he takes 40% of their profits and political backing in exchange for wiping out their business competition. Since he's destroying their profits, if he's giving them gold to keep them cool, once his gold reserves run out they may string him up. Because if the gold he gives them doesn't match their profit margin from this disaster, it's a net loss. He's gotta be on narrowed time.
@@larzkruber822 brics??? I wouldn't hold your breath on relying on brics. Especially with Russia involved in it. Perhaps if Russia left brics, it could attract investors. And, any other anti west dictatorships. Notice, brics incorporates rougue states. Anybody thug can join. That's not appealing for the brics itself. There's a lot of propaganda outlets out there promoting brics, and that is from inside jobs from countries like Russia. Indirectly funded by Russia. I'd take it with a grain of salt
@@olmostgudinaf8100 He did do that. If Orange Hitler announced The Aristocratic Little Baron was learning Russian, how would that play in the US election? Not good, man. Not good.
Another overlooked aspect is that Russia has been discreetly selling its gold reserves to China in exchange for currency. This explains the quarterly declines in China’s purchases of gold from the global commodity market, as this strategy helps lower gold prices slightly, allowing China to acquire Russian gold at a discounted rate.
I'm fairly sure Russia is also trading gold to Iran for weapons (missiles & drones) due to banking sanctions making direct exchanges incredibly difficult. It'd sure be a shame for something to happen to that bulk gold transfer shipment...
@@witchdoctor1394 Most gold bullion held by any country is in the NY Fed Reserve Bank. At one point after WWII, 3/4th's of the entire world supply was owned by the United States. It never physically left the vaults, since it was safer there than anywhere else on the planet.
@@witchdoctor1394 Shipments of Gold Bullion is always an interesting item to track and even intercept . would be interesting to know how much you can infiltrate such a transfer of gold bullion...a driver or a pilot might like a cut ? would be rewarding ? to "divert" it ? Switzerland is nice this time of year I am told ..stealing from thieves is risky but the police encourage it ...and even do a bit themselves.
Let me tell you the truth no one has the balls to attack Russia due to its geography. Currency doesn't impact that much to the oil based economy but there should be other currencies like trading for Europe it is euro,for the American continent it is us dollar also for the rest of the world but not enough for Asia. Indian people don't like western people due to its past colonial history but china is a real mother fucker who illegal occupied Indian land basically the main problem of Russia and China is the mentality of expansion otherwise in current scenario India,china,Russia can rule the world. Brics will be going to build the new trading currency that will be going to end the dominance of the dollar.
Are they still selling that 30 %? I would expect the loss to be ~100 %. Russian weapons are performing quite poorly. In addition, I would not trust Russia to deliver the weapons. I would pay only after the delivery. I think Russia needs currently all the developed weapons.
In June 2014 before the Invasion of Crimea the Russian Ruble was 33 Rubles to 1 US Dollar ... Today the Russian Ruble is 93 Rubles to 1 US Dollar Looks like Something Collapsed but it was Not the US Dollar 😀😀 Some Russian Banks are Charging 200 Rubles for .. ONE US Dollar The Russian RUBLE has Collapsed Against All Major Currencies ... " Everything According to Plan "
I had unfortunately some hundreds of rubles on hand due to travelling when the war broke. The ruble to usd rate mentioned in any table is nowhere near how poor the rate is when trying to change them. Another thing i notices was that nobody actually wanted the rubles. Exhance after another just said no thanks, got lucky in Turkey eventually funny enough and got rid of them.
@@Alan-u8b6ibecose ruble to usd shows how much worth a ruble is worth If the ruble to usd is bad it means the ruble to every currency is bad That means that EVERYTHING from outside russia is more expensive Be it from china ,us ,india or even bulgaria
You'd think they'd get a clue from the newer Chinese maps calling Russian towns, villages, cities, by their original Chinese names - Russia is going to be pressured to cede more and more territory to China, like on the coast near North Korea
Best indicator for the Ruble is the Russian black market price for other currencies. Outside of Russia the Ruble is valueless and the exchange rate is what the Russian central bank says it is. My bet is the unofficial exchange rate is far higher.
I visited Poland in the 1970s, got 22 times the exchange rate when dealing with people on the streets or in the backseat of a taxi. But to keep a bit control, you had to show receipts from a bank that you changed with them to be able to pay for a room in a hotel but food was ok to pay for with black market exchanged money. Was never able to pass 2 USD for a dinner in Polands best hotel restaurant! 😂
@@Some_Really_Random_Dude. So if you approached a black-market market-maker in Rouble vs Dollars their bid-offer spread would be 50-250 Roubles per US Dollar. They'd buy your Dollar for 50 Roubles then sell it back to you (or to someone else) for five times as much. Bargain!
@@peteneville698 At one point, that wasn't black market. That was the Russian central bank trying to grab all the Dollars it could from Russian citizens and companies as part of trying to force internal transactions in Rubles and securing Dollars to buy war materials overseas.
*nerd snort!* Aksooalee! That parable is told to show why Canute is known as "the Wise." A courtier told him that he was the greatest king in all the lands. The king bade his court to follow him to the beach. He commanded the incoming tides to recede, so that he could gather shells. It didn't. Turning to his court, he then said, "None is greater than God, not even me. Be humbled before His creation, for you do not rule it, but stand in stewardship of it. As do I." Edit: I think it got switched around by English romantics back in the 19th Century, but it was always a morality story, & even became a mummers' play at one point.
Interesting comment, is this a proverbial expression in English? I am a Dane, and am a little surprised by this about king Canute- in reality Canute the Great was quite successful in controlling both the North Sea, Skagerrak and parts of the Baltic Sea that was what kept his realm together. So quite ironic if there is a proverb about him not being able to control the sea 😉 But well I am going off on a tangent - great news and good that Putin is unable to keep the Rubble from being in rubbles
They can always buy Russia's oil with rubles. But the whole idea of dealing in their own currency is to help stabilize their own economy and currency, instead of Russia. Let's put it this way, Putin f*ck up big time! There's many ways of dealing with trouble neighbors, with words and sanctions, not with weapons & guns!
China did conduct Yuan CNH - Rouble currency swap to manipulatively increase the volume of CNH currency trades on international currency markets, from a nowhere ranking to fifth place, replacing the AUD (a real reserve currency).
@@gnrseanra9070 You can find books on that topic, on just about any university - it's very hard to give You a class, without make RU-vid running out of storage space.....
@@gnrseanra9070 Well China's total debt burden is bigger than the Wider Wests combined at 60 Trillion USD, The US government has a 37 Trillion USD debt but far more assets than China, although China regards it citizens assets as it's own as well but that's another argument between the CCP and it's citizens shortly!?!
the ruble has pretty much flat lined since may at 92.5 or so.... and the reason its not moving is that the Russian central bank don't really have to buy a LOT of them to keep it stable. The Ruble is no longer traded internationally, so thats not going to affect it and right now 40-% of the Russian economy has the state as the main consumer! So its really easy to keep it stable. Trading volumes over those months swill likely show that all sales and purchases in terms of volume of Rubles on the foreign exchange was the Russian central bank. the Ruble is not listed on any foreign stock market and its is purely a Russian only currency. So it will not easily go into hyperinflation.... however that does not stop the goods and services it represents for getting very very expensive. The issue in the USSR was not the international value of the Ruble it was the fact that goods and services from the west were nowhere to be seen and therefore were priceless... It is also utterly irrelevant what the value of the ruble is at all since none of Russia's trading partners will touch it with a barge pole!
@@maximus7079you fail to have purchasing power, and cannot make trade in international markets without trading more resources then you can afford to send
@@maximus7079 Well just lack of products from a consumer perspective and that has nothing to do with the value of the ruble is has to do with supply and demand. A currencies only job is to represent the value of goods and services... but for example no amount of money in the world can buy you things that do not exist. Now you can MAKE THEM exist by manufacturing them internally or importing them from abroad.... but if external suppliers won't touch your currency you need to buy using THEIR currency and how would you get your hands on their currency? Its not that things in Russia are getting more expensive, its that they are becoming more and more scarce... a good example is factory workers... factory workers in Russia are limited by the number of people of working age right? Well if you reduce the overall pool of workers the remaining workers get more expensive regardless of how well or not the economy is doing. That means less things get manufactured making goods more scarce. That drives up prices, meaning the average person needs more money... and if they need more money they will look for qa better paying job, and once you get to a given point the capacity of the system to complete the amount of work needed to sustain the economy... even if it were based on barter or people trading eggs... will simply not sustain itself. So the endpoint would, and probably at this stage when the reserves run out WILL BE ... economic collapse... a point where prices are irrelevant cos there just are no goods and services. Traditionally at this point nations borrow from international sources, OR they borrow from themselves, they issue bonds for example... But nobody in their right mind would buy bonds issued by the Russian central bank, not unless they are perhaps forced to. For sure Russia no longer has access to foreign bank funds, they do have an internal fund... but my guess is thats running out now. Russia could one might suppose sell shed loads of gold, or gems, which it has a lot of... But outside Russia investors might not buy that cos it would lower everyone else's investment in those commodities. Plus if you look at nations that do sell lots of gold and gems they are the single poorest hell holes in the world from the populations perspective.
Interesting because we know that the basket of currencies that is to be used as a reserve for BRICS is to be backed by gold. Whereas all EU and our USD is not.
All currencies are monopoly 'money'. AND all currencies are collapsing. You can't buy anything with a dollar, Euro or the GB pound, except cheap confectionery etc. Regarding the Yen, Yuan, or Ruble not even that. If you have 1/4oz of gold it will buy you a short haul flight, and an oz of silver will buy you a meal with a decent bottle of house wine. That's called money.
I didn't actually even mean to watch this, it just came on after something else I was watching about the actual fighting. In my entire life I can't ever remember hearing anything related to numbers or the economy without my brain involuntarily shutting down. I don't even think I fully understood the basic principles of how an economy worked until this. This guy is absolutely amazing! I'm stunned how not lost I am!
even if Russia were to leave Ukraine, the sanctions should stay in place. Russian people still believe they are the chosen ones in Europe; that conceit has to be beaten out of them, otherwise Russia will always want to annex nearby countries.
Russia is brics and brics is new hegemony with own bank own payment system own curency and own rules , thats mean west cannot sanction ,dictate or harm in anyway brics countries. West push to stop brics to not lose domination but fail , brics cannot be stoped and west will lose.
@@thia41012the diffrence was that the goverments changed The german goverment of ww1 is not the same one as the interwar one If the russian goverment was changed the ok But it isnt being changed
Nonsense! Russian ruble may have depreciated vs the dollar during the past 10 years but under the glorious leadership of it's dear leader it's economy has recently surpassed both Germany and Japan to become the worlds 4th largest by pPp. The ruble may oscillate left and right but russia, under mR. Putin's sure-footed leadership, remains sTrOnGk. 💪🇷🇺🦾
@@LongDefiant ruffly 653,100 people live without housing in the us that´s 0,65 million people. that is for sure no good. but its not even 0.5% of the US´s population.
Have to Laugh at the Russian trolls in the comment section ....They make $400 US a Month and All Dream of travelling the World in their retirement years and Visiting Exotic Locations on their $100 to $200 US Dollar a MONTH Pensions 😀😀
Check the life expectancies in Russia. Will Russian trolls survive until their retirement? Furthermore, if Russia turns to North Korea 2, then we should look at the life expectancies of North Korea.
And this is why I tell the bots talking about how valuable the ruble is and how much their economy is growing to go and buy some rubles and then try to sell them. If you cant understand it after viewing this video you will never understand it.
The question is, will the Ruble in its present form survive Putin's downfall or the backup of Russia? If it does buy rubles and put them in a safety deposit box for a few years, it might work out in your favor. If the present currency is replaced by a new regime, you can paper an accent wall in your powder room. Under no circumstance would it be wise to trust Russian banks or any other Russian entity to hold your rubles for you. 😉👍🇺🇲💙🇺🇦🕊 Salva Ukraine
I think most people are to stupid to know there stupid with a smart phone in there hand. They just talk B.S. saying mostly stupid and never research zero, live in there mom's basement and only play games. You engage the trolls there stupid just goes up. Why they don't have a job, they think they are smarter then the owner of where they work.
Yes, it did. Russia would never have seen things our way. The odyssey of war is the machine of evolution. Competition leads to victors, who shape societies.
@@verzedaWhile it's possible the pootsie personally wouldn't have seen things our way, the rest of them would have seen what would have been presented to them by those in power. They picked a sick puppy as their dear leader, is all.
@@verzeda That sounds like a Hollywood level of understanding evolution. Which is to say none whatsoever. Evolution is driven by selection pressures. Running a country against a wall without need is not a selection pressure, it's just idiocy.
I was in Russia just after the collapse in 1989 and you could buy 3 postcards with stamps to send them abroad for 1 US cent! My friend said to me while I was drinking a coke can, do know that coke is more expensive than this 12 hour train ride + sleeping cabin + sheets. 😂
The title "Joe Blogs" made me think that it would be flotsam not worth listening to, so I never listened. My loss. Today, out of curiousity, I did listen. Wow, what a clear analysis, made accessible for the none expert. I truly enjoyed your analysis and benefited from its insights. In the future I will tune in a listen.
It's Dos vedanya to the Rubel. It's no longer a reserve currency and BRICS is l long way away if it happens at all! I see Putin taking a winter vacation directly from the window of his Kremlin office. After a nice cup of his favorite Polonium tea. 😂
The best currency to replace it with is the toilet paper with Putin's face on it, but Russia will have to pay premium prices to UKraine for the bulk of stock in that commodity.
I think the only time I've seen something that said, "Made in Russia" was on a bunch of blown-up equipment on display at Fort Irwin. That was back in 1983 or so.
The best explanation of liquidity I’ve heard is as follows. Jim and Mike are both worth $1M. Jim has all of his worth in his $1M house. Mike has his worth in a $500K house and a $500K high yield savings account. Both have a heart attack and need to pay $100K in medical bills. Jim has to sell his house or take out a mortgage on the house. He’s not liquid and the new liability is going to cost him in terms of house sale or loan costs. Mike wrote a check.
Jim and Mike should both move out of America so that they get free healthcare. My Dad needed surgery to implant a very expensive pacemaker, and he didn't pay a cent.
I love Joe Blogs, and watch many per week, but a lot of these recently feel like an exact repeat of one I watched a few weeks ago. I would love to see more from around the world, not just 'on repeat' info on Russia, as much as I love bad news for Putin 😊
Russia does hold large amounts if Indian Rupees. Not quite sure of the amount, but at least $ 3 billion, from the sale if discounted oil. Distillates are not subject to sanctions, but the damage to a few large Russian refineries, sale of distillates has declined.
I would like to see some videos focusing on the wider perspective, and get a sense of the cash flow through the entire world. The same way that we get charts of wind patterns, and can see a single dynamical system at work. I'd like to see the relative economic strengths, and the rate of which they are changing. Apparently America has spent $175B on Ukraine, but how big is this money in the global scheme of things? How strong is Iran economically? How does India fare? Can we explain India's moral dithering in terms of economics?
Putin in 2022: ”You’ll have have to pay in Rubles for our gas and oil or fuck off!” Putin in 2024: “Can you lend me some Yuan, please? Or at least some North Korean Won?”
German here: Ruzzia has lost control of everything, not just finance. Its just a meaning of time till it's hitting full ground. The Brexit is nothing to compare with...
It begs the question as to why didn't the US apply the sanctions id did in June of this year 2 years ago if it was serious about stopping Russian aggression in the Ukraine sooner?
From the point of view of the global economy, Russia is being boiled like a frog, slowly but effectively. The collapse of the russian economy is not affecting the world economy very negatively now and is not leading to a global crisis. Thus, Putin has less and less money for the war and has to decide whether to spend the cash further on fighting Ukraine or on his own people. Because Putin is a psychopath, he will spend money on war at the expense of his citizens and lead his country to ruin. And the citizens themselves will eventually remove him and he will probably end badly. Unfortunately, russians are russians, and putin will be followed by another stupid dictator, but the world will be at peace with the Russian bastard for a while at least.
Long time viewer here. I know you're doing the youtube shuffle here, but the sheer number of RUSSIAN X COLLAPSES is verging on ridiculous. How can something collapse more than once? Let alone 30x
Not available to normal people who held some $USD for stability. They are getting much lower conversion rates so they can buy day to day items whose prices have increased (but are not reflected in official inflation rates) 😏.
Clearing is basically that the seller gives the goods for the clearing house and buyer hands out the money under the control of the clearing house. Money is released when the buyer gets the goods and then seller gets the money. The money doesn’t show up before the transaction is cleared. This is why EU wants to move it from London. EU trade is massive. Ruzzia needs foreign currencies now the problem is that money flow depends completely what kind of deals they have. Tankers are slow.
Don't forget that demand also drives available job, or lack thereof for current Russia. Which means higher unemployment and crime rate goes up further exasperating the problem. So it's a vicious cycle.
things tend to collapse slowly then suddenly; the ruble is falling in slow motion then will suddenly hit terminal velocity - like what is going on with Putin and his stupid special operations
I hear this for 2.5 years but I still don’t see it on the market, I know its worth nothing… but would love to see it on the market… oeps forgot it not a legal currency anymore on the market.
You know why? Because of ruzzians, they can leave for food and vodka, its can stay like this for another 10 years…. This people don’t need much…. But they can not exchange rubble in country….. and all of them leaving only for rubble because putin says:)))) North Korea
I really enjoy your “blogs”. I always finish listening quite a bit smarter. You have a knack for being able to organize statistics into easily digestible facts. Thanks for all the info. BTW I really got a bang out of your AirB&B shows. As a fellow traveler, you just really never know what to actually expect.
Not the first video of the ruble collapse but every time I go check the ruble vs US dollar it's stable around the 91 range. It's been like that for a year. Same with the yuan. So where is the collapse?
Same question here, earnestly. Every time the term collapse appears on this channel I check the rates, and I can't find any drastic movement deserving the name.
AHHAHAHAHA @@ 91 RUBLES FOR 1.00 USA SO THAT IS 0.011 CENTPER RUBLES. WHAT A JOKE THE MEXICAN PESOS IS .7.CENT PER PESOS MUCH BETTER VALUE THAN YOUR LOSERS RUBBLES, LOL@!
Very short answer: Russia are out of Yuan, so to buy something from China, they have to borrow them somewhere, and they are forced to use the most expensive way there is.
A good explanation. I can see why the Chinese need to be paid in Yuan, rather than what is like "Aniseed Balls". They would need to know they are operating with a stable currency, that will maintain its value
The value of the ruble is consistently on a steep decline, despite Russia’s economic tricks and its quite enjoyable. Rubles are worth only slightly more than actual rubble.
I've been watching your blogs for over a year, and you always make it seem like a total Russian economic collapse is imminent, but its economy has not collapsed. I wish your captions put it in real-world perspective, like "Russian recession may possibly begin in the next x months".
The ruble is functionally identical to the US confederate currency during the Civil War. Basically, it's a scrip that allows russian shopkeepers to sell bread to Russians so they can, in turn, buy more locally produced flour to bake more locally produced bread. Don't try to buy any non-domestic products with rubles, because nearly all countries are unwilling to accept rubles for payment. Thats because, as stores of value go, rubles are like a gallon jug with a hole in it. You start to lose the exchange value the moment you accept it.
