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#2201 |
Director of Hatcheries and Conditioning
Join Date: Jul 2002
Location: Waiting for the pod bay door to open.
Posts: 45,055
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Continually pushing the boundaries of mediocrity. Everything is possible, but not everything is probable. “Perception is real, but the truth is not.” - Imelda Marcos |
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#2202 |
Illuminator
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 4,040
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Now what will you do .. if you have no money .. but you do have thousands of nukes.
Will you sell them to highest bidder ? Or will you extort random countries around the world ? Nah .. I'm sure Russia will just admit a mistake and everything will be fine. |
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#2203 |
Penultimate Amazing
Join Date: Aug 2007
Location: The Antimemetics Division
Posts: 63,601
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I don't think there's any way for Russia to realistically sell nukes at the quantities and prices they'd need to sustain their economy. Likewise I don't see any extortion attempts being taken seriously. Any country with enough money to make a difference to Russia is already helping Ukraine, and already ignoring Russia's weekly nuclear threats.
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There is no Antimemetics Division. |
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#2204 |
Penultimate Amazing
Join Date: Dec 2009
Posts: 18,415
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Wrong. Flat-out wrong.
Neither is "Russia's piggy bank nearly empty", nor does the article you quote say it's nearly empty. I came here to post on the same topic, but my source, German public-law news source Tagesschau has some more numbers to work with: https://www.tagesschau.de/wirtschaft...fizit-101.html According to this, the "piggy bank" is currently holding
Budget expenditures in January were about 40 billion euros, that's up 59% from last year. So the piggy bank could finance about 2 months of current expenditures without any other income flowing in. They sold this January
It is precisely times like this that you create a piggy bank for in the first place, so nothing unexpected or dramatic happening here. Yet. (Of course I found this development at least interesting enough to come here and post about it.) |
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Thermodynamics hates conspiracy theorists. (Foster Zygote) |
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#2205 |
Philosopher
Join Date: Aug 2003
Location: Detroit
Posts: 8,315
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Oystein: A good post, and sobering. Thank you.
However (you knew I'd say that), and I know that I'm an embarassingly ignorant layman, I wonder how much Russian wealth is liquid. How quickly can Putain convert it to military uses? Can he face down his fellow thieves, who consider state wealth theirs? If he tries selling gold in large amounts, he risks lowering its price -- helped on his way by, say, the US dumping gold at the same time. Now I'll resume my seat and prepare to be educated. |
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If you would learn a man's character, give him authority. If you would ruin a man's character, let him seize power. |
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#2206 |
Penultimate Amazing
Join Date: Dec 2009
Posts: 18,415
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I have no further education to offer. Just a few unconnected and ill-educated thoughts:
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Thermodynamics hates conspiracy theorists. (Foster Zygote) |
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#2207 |
Graduate Poster
Join Date: Dec 2014
Location: Cork baaaiii
Posts: 1,320
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On your first point, are we really going to depend on Russia's numbers for their economy. The Russian economy was in the toilet and getting worse before the war started, only being temporarily propped up by Europe stupidly getting out of Nuclear power after Fukushima. On their war economy, Russia's ability to make tanks or planes is gone, it's ability to modernise old and repair busted tanks is gone, it's ability to manufacture modern munitions and weapons is gone, it's ability to manufacture out of date munitions and weapons severely restricted and it's ability to supply and maintain an army in the field shown to be a sick joke.
On ploughing your reserves into gold and foreign currencies (of which I reckon Russia's ability was vastly overestimated. This is a country swimming in corruption after all. If even 10% of state revenues are not used for backhanders, I'd be surprised), just because you can do so doesn't mean that you can use said reserves. Russia was a country whose banking sector was wiped out by 2008, all their reserves were held in foreign accounts. And guess what happened to those accounts? They got froze, Russia can't touch them. And don't even think they can tap the oligarchs, those inside Russia are in the same boat, and they can't realistically touch those outside Russia. Bonds don't help if they're denominated in monopoly money, especially if you're Russia and you have to import virtually everything to support the war. Germany found out all about this problem towards the end of both world wars where the attrition and losing made their currency worthless in both instances. |
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#2208 |
Penultimate Amazing
Join Date: Aug 2007
Location: Sacramento
Posts: 57,860
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Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty. Robert Heinlein. |
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#2209 |
Philosopher
Join Date: Aug 2003
Location: Detroit
Posts: 8,315
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"In the hour of victory, tighten your chinstrap," said the old-time samurai. That's a graphic way of saying, Don't kid yerself.
Of course, samurai didn't loathe their enemies, who were fellow-gentlemen. We're not so lucky. |
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If you would learn a man's character, give him authority. If you would ruin a man's character, let him seize power. |
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#2210 |
Illuminator
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 4,040
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#2211 |
Illuminator
Join Date: Nov 2017
Posts: 4,423
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https://twitter.com/DefenceU/status/...UmaAlxFDQ&s=19
Sir David Attenborough narrates the war... Don't think that was a Leopard though |
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#2212 |
Philosopher
Join Date: Aug 2002
Location: Denmark
Posts: 6,786
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It is my impression that there is a lot of wishful thinking in the matter of the Ukraine war. Russia is supposed to have a lousy economy, incompetent leadership that can never improve, inability to sustain the war, etc.
Some of this might be true, but I doubt that all of it is true. I particularly think that the Russian military performance can improve, and I think we have already seen some signs of this. And from the Tagesschau article we can conclude that the Russian economy can probably also sustain the war for many years to come. It has also been claimed that at the current rate Russian manpower will run out “soon”. There is no reason to think that Russia will continue burning up their manpower at the current rate, and Ukraine’s manpower is certainly much more limited than Russia’s, so I don’t think we should expect a Russian breakdown because of manpower soon. One should never underestimate the enemy, but of course one can always hope … |
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Steen -- Jack of all trades - master of none! |
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#2213 |
Penultimate Amazing
Join Date: Nov 2002
Location: Sir Fynwy
Posts: 36,395
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#2214 |
Penultimate Amazing
Join Date: Dec 2009
Posts: 18,415
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No, we are not. Tagesschau quoted numbers from the International Monetary Fund.
But I'llmake sure to never depend on the IMF and instead turn to you to learn all the ins and outs of international money shifts ![]() It was whatever it was. About the size of Spain's, heavily dependent on oil and gas exports... And down only 3.4% from what it was a year before. No, that would have been very insiginificant. Sure, bet on that. IF you are desperate to lose a war. Source? Are you saying the reserves Tagesschau listed are not actually nearly the reserves they got? Ah. So Russia DIDN'T just sell some billions in gold and Yuans. Well thank GOD we have YOU to clear that up ![]() Yes, Germany found out toward the end of those wars. After several YEARS. We will also find out about Russia. Peraps after YEARS? |
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Thermodynamics hates conspiracy theorists. (Foster Zygote) |
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#2215 |
Philosopher
Join Date: Aug 2002
Location: Denmark
Posts: 6,786
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Precisely. I have always doubted reports of catastrophic Russian losses, and I think it will take years before we hear about Ukrainian catastrophic losses, if they had any.
But I do not really doubt that the Russians have had heavier losses than the Ukrainians. It is evident from the fact that the Russians have been attacking dug-in defences, whereas the Ukrainians, in their successful attacks, have been mostly pursuing a beaten enemy. |
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Steen -- Jack of all trades - master of none! |
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#2216 |
Illuminator
Join Date: Nov 2017
Posts: 4,423
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I don't think the main issue with Russia's economy is its size. Its that a huge chunk of it is flowing into a very small percentage of their people. Its inefficient for most of your money to go into supporting a few hundred incredibly rich people. Can they change that in time to make a difference in Ukraine. Can they manufacture sophisticated arms in such quantities to defeat Ukraine before they are thrown entirely out of the country? I think no.
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#2217 |
Penultimate Amazing
Join Date: Jun 2003
Posts: 53,387
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I don't think this is correct. Who owns the wealth is a different question from what kind of wealth it is. In regards to Russia in particular, the problem isn't so much that wealth is concentrated among a small group of people, but that it's concentrated in a few sectors of the economy, most notably oil and gas. The concentration of economic activity in oil and gas extraction has hollowed out their manufacturing capacity, which prevents them from churning out weapons in numbers that the Soviets could do. Even if all that oil money was spread evenly throughout the population, that wouldn't help them shift capacity to manufacturing. Likewise, if they had massive heavy manufacturing capacity all owned by one man, they'd be better off in terms of military production.
Now, I think it's also true that corruption is hampering their capabilities, and corruption also leads to a high concentration of wealth, but that concentration by itself isn't really the problem as I see it. |
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"As long as it is admitted that the law may be diverted from its true purpose -- that it may violate property instead of protecting it -- then everyone will want to participate in making the law, either to protect himself against plunder or to use it for plunder. Political questions will always be prejudicial, dominant, and all-absorbing. There will be fighting at the door of the Legislative Palace, and the struggle within will be no less furious." - Bastiat, The Law |
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#2218 |
Illuminator
Join Date: Nov 2017
Posts: 4,423
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True, but if they had taken that oil and gas money and developed an arms industry... not for profit, just to supply their own army... I think it wouldn't matter that their consumer manufacturing sector has been left to whither. But instead, it sure seems anyways, that they were too concerned in taking their raw resource profits and buying mega-yachts, building palaces, and buying fleets of Ferrari's.
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#2219 |
Director of Hatcheries and Conditioning
Join Date: Jul 2002
Location: Waiting for the pod bay door to open.
Posts: 45,055
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__________________
Continually pushing the boundaries of mediocrity. Everything is possible, but not everything is probable. “Perception is real, but the truth is not.” - Imelda Marcos |
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#2220 |
Illuminator
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 4,040
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Complex answers ? That won't get you far ..
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#2221 |
Illuminator
Join Date: Nov 2017
Posts: 4,423
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Video of 31 knocked out Russia tanks/APC's near Vuhledar.
https://twitter.com/RALee85/status/1623636828795424771 I'm pretty sure the Ukrainian military isn't racked by corruption issues at the moment. |
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#2222 |
Thinker
Join Date: Jan 2007
Location: Right on the beach, SW Spain
Posts: 186
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https://www.theguardian.com/world/20...ones-elon-musk
If Elon Musk gets a chance to be a **** about anything he'll grap it with both hands. |
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#2223 |
Graduate Poster
Join Date: Dec 2014
Location: Cork baaaiii
Posts: 1,320
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#2224 |
Illuminator
Join Date: Jan 2006
Posts: 4,384
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Unless, this time, they're actually concerned about the potential of militarizing Starlink. If they're trying to get licenced in multiple countries, some may be concerned about that.
Further, they want to sell the US military capability. It looks like Ukraine ingenuity outpaced them! It's all troubling, any way you look at it. I just don't think Musk is being a **** about it... specifically... necessarily... this time. |
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This post approved by your local jPac (Jimbo07 Political Action Committee), also registered with Jimbo07 as the Jimbo07 Equality Rights Knowledge Betterment Action Group. Atoms in supernova explosion get huge business -- Pixie of key |
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#2225 |
Penultimate Amazing
Join Date: Aug 2007
Location: Sacramento
Posts: 57,860
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Brouhaha over the WAPO Printing a story that the US has been providing targeting information from US Satellites to the Ukraninas; some accusing the WAPO of hurting the US with this information.
From a military point of view, nonsense. As bad as the Russian Military is, they must have guessed we were feeding the Ukrainians information from early on, just from the accuracy of the Ukranians strikes. |
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Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty. Robert Heinlein. |
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#2226 |
Penultimate Amazing
Join Date: Aug 2007
Location: Sacramento
Posts: 57,860
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__________________
Pacifism is a shifty doctrine under which a man accepts the benefits of the social group without being willing to pay - and claims a halo for his dishonesty. Robert Heinlein. |
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#2227 |
Philosopher
Join Date: Aug 2003
Location: Detroit
Posts: 8,315
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Oh jebus christ, dudb. Do you always fly that crazily? Or that low?
Here are 2 good maxims about war: 1. Know your enemy. 2. Know your allies. They're of equal value. |
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If you would learn a man's character, give him authority. If you would ruin a man's character, let him seize power. |
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#2228 |
Philosopher
Join Date: May 2007
Location: Niceville, Florida, USA
Posts: 5,763
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From Reuters: Russia's Jan budget deficit widens as energy revenues slumpAs for the hilited, the worst of the "crippling sanctions" didn't take effect until late 2022 or early 2023, so the decline in GDP is likely to be much greater than 4% this year, especially when other factors such as human capital flight and loss of Western technical expertise are added in. |
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"My country, right or wrong; if right, to be kept right; and if wrong, to be set right." --Carl Schurz |
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#2229 |
Penultimate Amazing
Join Date: Dec 2009
Posts: 18,415
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By far the most significant factor that determines budget revenues in Russia is the prices for oil and gas. Which indeed quite recently fell with the introduction of the Western price cap. Previously, that means earlier i nthe war, prices had gone sharply up, such that Russia earned more from selling fossils to Europe despite selling less.
Now, just the other day, Russia announced it would cut oil production sharply, and that sent world market prices up a bit immediately. Energy prices are a fickle thing: We are dealing with a limited number of suppliers, many of them in autocratic countries, all of them interested in higher prices, some of them latently forming cartels. Im fall, the IMF predicted that Russian GDP would fall by another 2.3% - i.e. a little. But that was before oil and gas prices had fallen (e.g. Urals oil was trading between $60 and $80 in fall, between $50 and $60 since mid-December; US natural gas was between $5,000 and $7,500 in fall, has dropped from 5,000 around Christmas to now around $2,500). |
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Thermodynamics hates conspiracy theorists. (Foster Zygote) |
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#2230 |
Graduate Poster
Join Date: Nov 2003
Posts: 1,370
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More on how Russia is using convicts to identify artillery targets not caring how many die.
I just can't imagine this is sustainable. New York Times Article |
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"I kayak, therefore I am" |
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#2231 |
Penultimate Amazing
Join Date: Nov 2002
Location: Sir Fynwy
Posts: 36,395
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It is sustainable so long as Putin and his regime can convince the Russian people that the Motherland is under attack from NATO Nazis and that it's worth a significant blood sacrifice from people who don't really matter - criminals, non ethnic Russians, foreigners and people from far-flung oblasts.
Sadly, there are millions of men who match that description and so far even Ukraine has only claimed to have killed between 100k and 150k . The Russians are proud of their sacrifice in the Great Patriotic War, a million or two dead in the sequel won't even cause people to blink so long as that propaganda can be maintained. |
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#2232 |
Muse
Join Date: Jun 2011
Posts: 556
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There have been rumors of another video of 'execution by sledgehammer' in the Wagner-Group, for russians who don't do as they told.
I won't be searching for it! |
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#2233 |
Penultimate Amazing
Join Date: Aug 2007
Location: The Antimemetics Division
Posts: 63,601
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There is no Antimemetics Division. |
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#2234 |
Illuminator
Join Date: Sep 2009
Location: Olomouc, Czech Republic
Posts: 4,040
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#2235 |
BOFH
Join Date: Jun 2003
Location: People's Republic of South Yorkshire
Posts: 15,323
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"Your deepest pools, like your deepest politicians and philosophers, often turn out more shallow than expected." Walter Scott. |
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#2236 |
Philosopher
Join Date: Aug 2002
Location: Denmark
Posts: 6,786
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They probably think it is more ‘macho’ to execute somebody by sledgehammer.
The person being executed probably will not find that there is is great difference. If done properly, it could be quick, and need not be a long drawn out torment like, say being electrocuted or injected with a poison while awake. There is plenty of possibility of botching the execution, but that is the case with almost any form of execution. So I regard it as a signal designed to convince an audience that these are really tough guys, not like the wimps who shoot or hang deserters. Despicable, I call it. |
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Steen -- Jack of all trades - master of none! |
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#2237 |
Graduate Poster
Join Date: Dec 2014
Location: Cork baaaiii
Posts: 1,320
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It'll last until the mothers of St Petersburg and Moscow can't stand the body bags. The problem for Putain is that this is a war of agression fought in another country. With World War II everbody could see it was a defensive war for survival so even anti-Stalinists were willing to suspend hostilities and give their all to the fight. This won't happen here.
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#2238 |
Penultimate Amazing
Join Date: Nov 2002
Location: Sir Fynwy
Posts: 36,395
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#2239 |
Uncritical "thinker"
Moderator
Join Date: Jan 2007
Location: UK
Posts: 29,266
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OECD healthcare spending Public/Compulsory Expenditure on healthcare https://data.oecd.org/chart/60Tt Every year since 1990 the US Public healthcare spending has been greater than the UK as a proportion of GDP. More US Tax goes to healthcare than the UK |
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#2240 |
Crazy Little Green Dragon
Join Date: Sep 2011
Location: East Coast, US
Posts: 9,782
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So sayeth the crazy little dragon. |
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