"So the Western scheme to weaken the Russian army in Ukraine has backfired. It’s also clear that the unprecedented sanctions campaign against Russia has backfired. It’s been a spectacular failure. The Russian economy is actually booming.It grew at an annualized rate of 5.5% in 2023 and 7.0% this year so far (according to the latest data) while the U.S. economy is growing at about 2.4%, according to the Atlanta Federal Reserve Bank GDPNow estimate. The Russian economy currently has an unemployment rate of 2.8% while the U.S. unemployment rate is 3.8%. Russia is also growing at full capacity and has spot labor shortages.The ruble is steady at about 92:1 (compare this to Biden’s claims from 2022 that “the ruble will be rubble”). Russia’s debt-to-GDP level is 17.2%, compared with the U.S. level of 131.0%. Russian bank profits for 2024 are projected to exceed the record profits in 2023.In other words, Russia’s economy is outperforming the U.S. by almost every measure, and is doing so on a more sustainable level from a debt perspective.The aid package to Ukraine will mostly benefit the military-industrial complex. In fact, Biden and others pushed for Ukraine aid on the premise that nearly two-thirds of it, about $40 billion, would go to U.S. defense contractors.War is great for business!"
My view is the only hope for Ukraine is Trump and the art of the deal.
