Russia getting richer west getting poorer.

[TBIcel]

Russia Getting Richer, West Getting Poorer - Daily Stormer

https://www.youtube.com/watch?v=k40b1In2zBk The entire Ukraine war theory was based around the idea

dailystormer.in

 

[EnglishCel]

Okay.

 

[Med Amine]

russia is in war rn? how does that make any sense

 

[Spoudaios]

Vodkacells now can have an ucranian slave.

 

[WorthlessSlavicShit]

Damn, that report is already a week old and I only now found out about it.

Would be interesting to know whether this isn't a "correction" of sort. Credit Suisse's report in 2022 saw the Anglosphere doing quite well, when conventional theories would predict that the poorer countries/regions would grow faster to continue slowly closing the gap with the developed world, so it could be that this is the world going back to that trend, and indeed the report's authors kinda hint to that:

Interestingly, the countries that lost substantial wealth in 2022 were often those that made sizeable gains the year before.

Regardless, this is obviously very good news for Russia, as well as the other coutries that did well there.

Mexico, India, and Brazil all also added significant amounts of wealth in 2022, UBS's report suggested, while the US, Japan, China, Canada, and Australia lost the most.

Worldwide, we estimate that there were 59.4 millionmillionaires at the end of 2022 (Table 3). This is 3.5 million less than a year earlier due to the fall in average wealth andthe shift away from financial assets. Large reductions wererecorded for many countries, most notably the United States(down 1.8 million), Japan (–466,000), the United Kingdom(–439,000), Australia (–363,000), Canada (–299,000) andGermany (–253,000).

The countries reporting fewer millionairesin 2022 usually reported higher numbers in 2021 and thegains in 2021 often exceeded the losses this year. Butmillionaire numbers in Japan, Germany and Italy fell duringboth years.

Relatively small rises in millionaire numbers wererecorded for a few countries in 2022, headed by Norway(+104,000), Iran (+104,000) and Brazil (+120,000), accordingto our estimates

Also, jfl at Norwegians doing so well, along with Singaporeans and Emiratis, when they are already some of the richest people on the planet. The theme of that entire report is that the middle-income countries are closing in on the high-income ones, meanwhile Norwegians, Emiratis and Singaporeans are just flexing and continuing to grow even as their peers get poorer.

 

[WizardofSoda]

War is good for the economy, especially countries like Russia where regular people usually can barely get any money. In war the government prints huge amounts of money and spends it broadly into the economy to fund the war effort. Once people get cash they go out and spend it, so it jumps to the next person. And it keeps going like that.

 

[WizardofSoda]

Rich Russians also can't so easily keep moving their money out of Russia now. So that means they have to spend/invest the money in Russia.

 

[dolph99]

All the economists always say the say thing:

In 10 years we will all be multimillionaires and the world will be a peaceful utopia of plenty of everything for everyone.

I know, I've been reading their bullshit for almost 25 years now.

 

[totenss39]

Your point? Exactly the same can be said of other emerging middle-income countries such as Mexico.

 

[Transcended Trucel]

All the economists always say the say thing:

In 10 years we will all be multimillionaires and the world will be a peaceful utopia of plenty of everything for everyone.

I know, I've been reading their bullshit for almost 25 years now.

yup these fuckers just look GDP as their sole metric. Completely ignore cost of living (even with PPP taken into account).

Many also think wealth inequality is perfectly fine, which it technically might be one paper. But in reality it leads to immense resentment in the long run.

Ofc the worst thing they fail to focus on is housing/bullshit regulatory fuckery fees. Which has gotten absurdly expensive in many "developed" nations, to the point, that people in "poorer" nations can actually afford more stuff in aggregate than richer ones.

 

[Emba]

Da