High inflation in Russia | Sergey Vakulenko

[@Gabriel-Canyon]

It's like the costs just keep climbing every year - rent, repayments, food, bills, taxes... It feels like the government should cut us some slack on taxes; it's getting harder to manage everything.

[@MariaRosewoodjane]

For sure, inflation kicks in when they print money, not when we spend it. It's getting trickier to stay on top of expenses, no doubt.

[@AshleyKeith-dk6yb]

It would indeed be advantageous if the government heeded its citizens; however, the current system seems to be lacking. Despite that, I've been able to maintain my financial stability quite effectively. The thought of early retirement has even crossed my mind.

[@CruzTall]

That's quite remarkable! How did you manage to accomplish that?

[@AshleyKeith-dk6yb]

Our family was connected with a financial consultant named Desiree Ruth Hoffman about four years prior to my dad's retirement. That was a turning point for us; she has been very helpful over the years. I believe my retirement finances are set on the right path, including luxury cars and trips.

[@RachellGroth]

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[@adamstotsky2216]

what kind of Economist can say the economy is good with a 19% interest rate

[@andre8860]

Russian kind of economist who had been hired by an American firm

[@geraldhagen2989]

One who does not want to go to a gulag in Siberia.

[@williammasselink]

@@adamstotsky2216 One that loses credibility in a hurry.

[@Bewilderdashed11]

I think their growth rate is a 5 percent. the us can barely break ONE point so you tell me what kind of an economist YOU are

[@williammasselink]

@@Bewilderdashed11 Starting from a very low base and top-down, centralized government military spending. Their 5% vs our 1% growth rate (these figures are inaccurate) hardly tell the story. 9.1% inflation (10% food), 19% interest rates, and a collapsing currency (it was 26 rubles to the dollar when Putin took power in 1991) and a severe labor shortage (4.8 million-their figures-exacerbated by the "SMO") hardly bespeak a vibrant and thriving economy. Plus they're spending 8% of their GDP or 40% of their budget on non-productive military assets at the expense of the rest of the economy. Compare to U.S. 4% GDP or 12% of the budget. Even using your erroneous figures, how much is $28 trillion U.S. GDP x 1% vs. $2.25 trillion Russian GDP x 5%?. Russian economy is all smoke and mirrors or "dark fantasy" as "Econ Lessons" points out. You should check him out as well as Joe Blogs if you want to get the scoop on the true state of the Russian economy.

[@gillis51]

19%, the second highest in the world. It is indicative of something going bad in Russia. The country is going fast into bankruptcy.

[@geraldhagen2989]

Not correct, far from being the second highest. The second highest is Turkey.

[@MarkRider]

Exactly. Not if, but when.

[@josealvaro-bc7zv]

😅 Ahahaha Exact facts taken from the movie ""The Saga of the Muscovites, 3 Days in Kiev"" 633 thousand Russian casualties, thousands of them evaporate into the ether every 2 days, if this continues, by 2025 2 million Russians (200/300) will evaporate into the ether. 8674 tanks incinerated. GDP in free fall, 80% of Muscovites living below the poverty line, refineries and power grid 60% incinerated. 102 thousand pieces of war, such as howitzers, vehicles, S400/500, planes, helicopters, ships 😅 Go, go, go, go, Ukrainian heroes, go Crimea has always been and will always be free Ukraine 🇺🇦🔱🇺🇦

[@Bewilderdashed11]

whats the interest rate on that credit card you got in your wallet that is maxed out?? its WAY more than 19 isnt it? more like 30 percent

[@samolofsson2401]

​@@Bewilderdashed11nope my credit card is 12% so a house loan in Russia is more expensive then my credit card, a business needing to take out a loan to expand can't afford 19% intrest so that 19% lowers growth in all aspects of the economy, 40% of Russian GDP goes to the military that is not healthy for a nations economy.

[@louisebean9428]

Economically, Russia will become a colony of China 😂😂😂

[@anthonymarch-ti1fq]

The Ruble is worth less than a piece of toilet paper.

[@Bewilderdashed11]

they are using the yuan these days a lot

[@Richard-x3h]

expensive to poop ? oh no maybe they use Ruble to wipe ?

[@plentyofnothing]

It's rubble

[@johngraham245]

@@Bewilderdashed11The yuan is the domestic currency of China. It is not available outside China.

[@memirandawong]

Importing from China is getting difficult as China will not accept Rubles.

[@rebeccaaldrich3396]

They trade gold.

[@Bewilderdashed11]

@@rebeccaaldrich3396 they actually trade in lots of different currencies these days

[@karrithebestlira3085]

look at all those elderly shoppers only old people left on Russia?

[@Bewilderdashed11]

the young ones at all at work the old one live with them they dont get sent to a old people funny farm they value family there

[@angusabbott5615]

Thanks for the info Ivan

[@johngraham245]

@@Bewilderdashed11On the other hand life expectancy is third world - just over 69 years (10 years less than China). So they do it have to look after grandma for long!

[@confuzsays7196]

Burger King, KFC must leave Russia.

Has KFC already left.I boycotted burgerking will boycotted KFC if there still there

[@williammasselink]

Not to mention Pepsi products and Frito-lay.

@@confuzsays7196 or proctor and gamble

[@plentyofnothing]

Dunlop, Bridgestone, Michelin and Goodyear tires still find their way onto ruzzian war planes through "intermediaries" per the UK Guardian newspaper

@@plentyofnothing thanks logged

[@isable-ty7rt]

How do most of you guys still make profit, even with the downturn of the economy and ever increasing life standards

[@-vv3rv]

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[@Kelvin-rw4kb]

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[@WingerAndres]

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[@malindafrank.028]

🇺🇦💪💪💪💪💪💪💪🇺🇦

[@Antropoids]

the sanctions are by lage ok - but the policing of them is very low and should be more effective

[@RAFASOP]

Should tell firms that export to all the countries that surround Russia Kazakhstan etc that their exports should be at same level as prior to 2022 or they are fined the 200 percent over the value of the export.

[@Bewilderdashed11]

yeah you guys need to get on that and who is gonna enforce your bullshit sanctions??? huh? how about europe that is back buying all that russian gas... I think they like have gas to cook and heat

[@nickisnyder3450]

The guy is very interesting and very well-informed. He is also however a product of his upbringing. He really does see the world through the propaganda of Russia can never be defeated. Across the pond however there is a country who was once 13 struggling colonies who wanted independence from the world's superpower. They were outnumbered and outgunned, but they wanted their independence and every person in their army was willing to give their life. Verses a paid for army, that didn't really care about the cause. Those struggling colonies never could have won that war without help from their friend, France. The same is happening now in Ukraine. And we those struggling colonies, now the new world superpower, are their friend. As the two of these commentators discuss the situation that seems futile and depressingly in favor of Russia, allow me to share an alternative prediction. In November VP Harris will win the US election. All of Putin's grooming of trump and all of his bot farms have failed. The sane American majority will come to the aid of Ukraine in overdrive. The next missile that hits Poland accidentally will be considered an attack on Poland and we will enter the war as required by our NATO obligations. If Putin sets off one small nuke, we will consider that damage to Germany Poland and the other surrounding NATO countries in the form of radiation and we will use that as pretense to enter this war. Within a week we will take out all of Putin's nuclear capability, we will destroy all of his nuclear subs with our new underwater drone program, we will allow Ukraine to have the honor of killing Putin personally. Then we will install a democracy as we did in Germany and Japan after world war II. The Russian people will love us and become our new trading partners. Ukraine will become part of NATO and enjoy secure Independence regaining all of its territories including Crimea. That is my prediction. You heard it here first.

[@georgine321]

Gotta love an origin story.

[@AdamPeterson-dm8wg]

With inflation eating away at savings and the market being so volatile, it's tough to decide where to put your money.

[@TeresaMicheals]

I'm in a similar boat. I've been holding onto some cash from an inheritance, but l'm nervous about jumping into the stock market with all the recent ups and downs.

[@RomanFranklin-lr3ri]

It's definitely tricky. You don't want to just let it sit in a savings account, losing value over time. But on the other hand, investing it all at once feels risky given the current economic climate.

[@AdamPeterson-dm8wg]

@@RomanFranklin-lr3ri That's what l'm leaning toward. But the more I think about it, the more I feel like I could use some professional guidance. There are so many options, and I don't want to make a mistake.

[@JoshuaMartins-sr7ez]

I was in a similar situation a few years ago. I had a windfall and wasn't sure what to do with it. That's when I started working with Eric Paul Elmer.

[@JoshuaMartins-sr7ez]

He helped me put together a plan that made sense for my situation, and I haven't looked back since

[@awedsgtsvfcgtre7269]

TVP World is quality

[@MrTommispilot]

The military-industrial complex is kept alive entirely by the Kremlin's reserve fund, which is running out more and more. The economy is already in accelerated decline. The sanctions cannot all be circumvented completely and without extra costs. In fact, they are now having a significant impact - China or not.

[@pierotorroni9197]

The 3 days business has become a 19% interest affair. The CEO responsible for such a result must be fired as soon as possible in the interest of this company. And when I write as soon as possible I mean by every available mean. Considering that you must not consider the 1mllion of human deaths you have caused as a result of your business. Rather cynic,don't you believe so?

[@marcbjorg4823]

Inflation can be due to imports or too much government spending. Russia has both problems.

[@Bewilderdashed11]

russia has no such thing and they have lots of exports too did you forget about that?

[@marcbjorg4823]

@@Bewilderdashed11, they pay extra for going around sanctions.

[@samolofsson2401]

​@@Bewilderdashed11if a nation central bank raises the intrest to 19% something is horrible wrong, central banks raises the intrest to combat inflation, only 2 nations in the world have worse intrest rates then Russia.

[@samolofsson2401]

​@@Bewilderdashed11if a nation central bank raises the intrest to 19% something is horrible wrong, central banks raises the intrest to combat inflation, only 2 nations in the world have worse intrest rates then Russia.

[@RichardD-jf1ko]

Shortage of nexessity products make the prices to skyrocket

[@geraldhagen2989]

yes, the old formula of supply and demand.

[@chillxxx241]

Even China doesn't want the Yuan😂😂😂 What is this guy talking about?

[@algrundy8337]

After 3 years of Ukraine using the West’s hand me downs “ Is Russia financially and militarily stronger or weaker today ? Putin has only made two errors and two errors only , he under estimated Western response to the conflict and Ukrainian Heart.

[@Bewilderdashed11]

you mean he wasnt thinking we were as totally stupid as we turned out to be? he dont care he has all the time in the world and europe is buying the gas again too

[@samolofsson2401]

He have done more wrongs then 2, he should have delt with corruption close to 30 years ago for a starter.

[@johnmortin5603]

How about overestimating his own Army? How about ignoring his intelligence officers? How about overestimating the support he would get from China and India.

[@algrundy8337]

@@samolofsson2401 I was more looking forward to my question being answered, and I ‘ll amend my statement the 2 biggest mistakes.

[@algrundy8337]

@@johnmortin5603 I’ll amend my statement 2 biggest mistakes. What about my question.

[@sailor67duilio27]

Economics education in russia is lacking, except for Nebulina, she is good.

[@psj68]

Houston we have negative on that orbit trajectory

[@trying3841]

Raising interest rates wont bring down inflation. The reason higher interest rates bring down inflation is because it brings in foreign currency to boost the value of the currency. With the sanctions, it wont happen.

[@borali26]

What will happen to their economy when the national reserve fund is gone? I´m asking because they have only something about 100 billion left.

[@samolofsson2401]

Turkey and Argentina are the only 2 nations in the world with a higher intrest rate and everyone knows how horrendious inflation both of thoes nations have at the moment that should tell everyone that Russia's economy is doing horrible and being propt up by the military spending that is 40% of Russia's GDP, they can't keep that up for all that long, atm Russia is on the same projection soviet union was before they crashed to.

[@andreashermle2716]

Yuan was, is and stays a junk currency since it is a non-convertible currency. My opinion ...

[@adrianlang6550]

Excellent detail. Not heard the two system point that the central bank have to wrestle with.

[@Given_Freeman8]

Soon they will all fail 😂

[@Bewilderdashed11]

no they have lies here in the US to last a lifetime it feels like winter is in the air dontha think?

[@Hoophey]

Well done Putin. You're an "amazing" leader- lol......

[@bikechainmic]

Like putins ego, inflated

[@kostilyenko6228]

Poor Malysh...

[@johnmortin5603]

Americans are whining about 6 percent.

[@confuzsays7196]

Ha ha ha, middle class with an average wage of $2 per month. Good luck, losers.

[@Norbert2470]

Inorrect. The average wage in Russia is currently $ 1.230 per month. Due to high inflation the salaries tend to rise at the moment. I don´t say everybody is fine with that.

[@RidleyHolmes-sr2tw]

Great interview. Just reality. They have weathered the sanctions and they will move on. They can still sell oil to India and China. Also to some Nato countries.

[@Evermoregreen23451]

They have weathered nothing comrade Ivan. The sanctions are slowly grinding Russia down. The Russians will go into winter with an eye on how much less their spending power is. They can think about this during the long cold winter stewing in the knowledge that things will only get worse. Putin has really screwed up.

[@nickduxfield4324]

inflation is as simple as russia printing money double time to pay for everything. But, not really producing anything that warrants the printing of money.

[@marcosantoniodearaujomarco9278]

Enquanto o Putin, estiver no poder, vai ser disso pra pior! 😅😅😅😅😅

[@Roberto-bd9fq]

At 2:38 "You have more money, less goods...It's fewer goods as goods are countable Less or fewer rule Fewer is used to refer to number among things that are counted, as in "fewer choices" and "fewer problems"; less is used to refer to quantity or amount among things that are measured, as in "less time" and "less effort". This distinction was first made by grammarian Robert Baker in 1770, and has been promulgated by many grammarians since then2. Less is the comparative form of little and is used especially before uncountable nouns, while fewer is the comparative of few and is used before plural nouns3. If you cannot count the quantity of something, use the word “less.” If you can count the individual units, use “fewer” Yes, Russia's economy is in shambles.

[@tommorgan1291]

Thank you! For once the facts! My take away is if all conditions stay the same this war van go on for at least another 5 years. But if India, Turkey and China would join the West's sanctions the war would be over shortly. And lastly since it was not mentioned internal Russian dissent lacks enough support to be an element of regime change.

[@Heavy_Distortion]

He forgot to wear his eyebrows.

[@marisabenson1222]

😂😂😂

[@Bewilderdashed11]

As of September 9, 2024, Russia's annual inflation rate was 9.0%. The Bank of Russia increased the key rate to 19.00% they are trying to slow down the growth. whats the ACTUAL inflation rate here in the us guy?

[@stuartbailey9287]

Think the larger concern of the RU central bank is that on their own figures the money supply increased by 23% in 2023. GDP increased by about 5% so in classical economic theory that is 18% more money chaseing goods which will eventually work through into the inflation figure somewhere around 18% or double the current one unless manufacturers and retailers take a hit. Too add too problem increase in GDP is all plus more down too increased military production and things like repairing blown up oil depots, building new railways/cities in occupied Ukraine which do not actually help supply of normal goods in Russia while cost of imports has also shot upwards due to decline in value of the Ruble against the Yuan and Rupee as well as the Dollar. On Russian Central Banks own figures factory gate prices up 14% and price of petrol at pump up 25% so as these work through expect Russian inflation rate too go a lot higher than 9% over all and much, much higher in some sectors. Expect increase in cost of Tanks to remain fairly reasonable while cost of say eggs and airline tickets out of Russia to be lot higher than say 18%. Never seen such a odd mix of really tight monatary policy by central bank combined with such loose fiscal policy by rest of Russian Government...........I am taking advise of Chechen commander and have my popcorn and watching to see how this weird policy mix plays out.

[@johngraham245]

@@stuartbailey9287Good summary - basically insane mix of increasing money supply and interest rates together. In simple analogy pushing hard on the accelerator and brakes simultaneously!

[@icunowlibra]

This guy knows his chit

[@NikolceFilipovski]

Dont worry about russia Look how many homeless people are in usa more than 30 million

[@sidhuyashminder8304]

Why don’t you talk about your own countries.Russia doesn’t need your help.

[@user-cg7kr7xx1q]

Russia is such a good example of going down the drain. They are SOO fucked.🤣

[@slimmewillemvandevoorstraa6461]

Russia will not get any help , only negatieve help

[@Richard-x3h]

Russia needs help alright but not from economists

[@house2homeplus511]

There's high inflation everywhere.... America just did it

[@natalieturko4808]

Wrong. Russia needs to finance its war machine, so who cares if villagers don't have toilets or clean water.

[@Richard-x3h]

The result of Covid and Trumps poor policies

[@sunnypedaal]

2%

[@sunnypedaal]

2% versus 19% in russia 😂😂😂

[@davidmartin4683]

US Fed to lower interest rates

[@sunnypedaal]

2%. Versus 19% in russia 😂😂😂

[@nyttag7830]

According to plan 🤗🤣🤡

[@photek82]

European ana americsn cattle have always gotten used to living at someone else’s expense, but everything is changing🤢