'He knows he’s in trouble,' President Joe Biden said of Russian President Vladimir Putin
* The president made his first address to the intelligence community as president
* Visited the Office of the Director of National Intelligence in Virginia outside DC
* He warned Putin is in 'real trouble' which makes him 'more dangerous'
* Mentioned the nuclear power's oil-dependent economy
* He said the next 'shooting war' with a major power could get triggered by cyber President Joe Biden said in a speech to U.S. intelligence community Tuesday cast Russian President Vladimir Putin as a cornered adversary – which makes him potentially 'more dangerous.'
Speaking at the office of the Director of National Intelligence for his first time as president, Biden remarked on the state of Russia's oil-dependent economy – and issued a grave warning about the risks of cyber adventurism.
'He knows he’s in trouble and that makes him more dangerous,' Biden said, speaking a few weeks after meeting with Putin in Geneva for a summit.
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WNU Editor: If this is President Biden's assessment of Russia , President Biden is getting very bad advice and information from his intelligence community. The Russia I know is industrially self sufficient, a booming real estate market, a modern infrastructure, holding massive gold and foreign reserves, massive trade surpluses, no federal budget deficits, and is a world leader in the production of forestry, minerals, oil/gas, and grain products.
ReplyDeleteRussian GDP fell by 3.0 percent in 2020 compared to contractions of 3.8 percent in the world economy, 5.4 percent in advanced economies and 4.8 percent in commodity-exporting EMDEs. Several factors helped Russia perform relatively better: in recent years, Russia undertook significant macro-fiscal stabilization efforts, resulting in an improved fiscal position. A massive banking sector clean-up, together with enhanced regulation and supervision, fortified capital and liquidity buffers.
Russia’s fiscal outcomes worsened in 2020, but improved in the first quarter of 2021.
The Russian banking sector has been resilient so far, but medium-term impacts remain to be seen. Credit growth has been supported by a slow economic recovery and public credit support programs.
Employment in Russia is still below pre-pandemic levels, however the labor market began showing some signs of improvement by the end of 2020.
Russia’s average real wages increased by 1.7% between 2019 and 2020, but masked important differences across economic activities: sectors that suffered the largest employment losses also had the largest real wage losses. Real wages increased in agriculture, telecommunications, and health services, but fell in in hospitality services, construction, culture/sports/leisure activities, and commerce.
Increases in real wages do not compensate for the decline in per-capita disposable income, which in the last three quarters of 2020 was lower by 7.9%, 5.3% and 1.7%, respectively, than in the same periods of the previous year.
Although the Covid-19 crisis continues to affect Russian regions’ economic indicators to varying extents, most regions were hit by negative growth in industrial production and retail trade in 2020. The debt situation in the regions has worsened: the crisis has resulted in a budget deficit in 57 regions (compared to 34 in 2019).
Economic Outlook
Global GDP growth is forecast to recover to 4 percent in 2021 and to moderate to 3.8 percent in 2022. However, COVID-19 pandemic continues to disrupt activity across the world, casting wide uncertainty around GDP projections.
Baseline Russian GDP growth is forecasted at 3.2 percent in 2021, followed by 3.2 and 2.3 percent in 2022 and 2023, respectively. This baseline scenario assumes gradual decline in new COVID-19 cases. Global economic recovery, higher oil prices, and soft domestic monetary conditions in 2021 are expected to support a recovery to be led by household consumption and public investment.
Russia’s longer-term economic prospects will depend on boosting potential growth through promoting economic diversification, leveling the playing field for the private sector, improving governance of state-owned enterprises (SOE) to make existing SOEs more efficient and competitive, and better integrating in global value chains. A green transition could pose significant challenges for the Russian economy unless the government undertakes preemptive steps toward decarbonization.
Russian films/video games worldwide are very successful.
ReplyDelete
ReplyDeleteHe should keep his mouth closed. The energy saved would be well used in considering the world's main adversary and threat to peace...china.
By the next presidential election we will be further in the hole that obamma and his appointed 10 watt refrigerator bulbs, kerry, etc. began digging.
"President Biden Says The Russian Economy Has 'Nuclear Weapons and Oil Wells And Nothing Else'"
ReplyDeleteSo why are Russian hackers shutting down American companies?
Biden has enough brain cells still working to reason incorrectly that what his handlers give him to read must be good material, because they won the election. They won (stole) the election, so they must be smart.
The Russia has oil and nothing else is a generation out of date. It is true that The US and Saudis got together and hurt Russia during the 80s by creating an oil glut. That was then and this is now. Ron Kalin, Tony Blinken and Jacob Sullivan are idiots.
And Jill Biden is too much of a stupid, lazy, gold digger to pull her husband out of it. Have you read Jill's thesis. She is either lazy, stupid or both.
Anon 9:46 AM
ReplyDeleteI am well aware of the World Bank report on Russia that you copied and pasted
https://www.worldbank.org/en/country/russia/publication/rer
The WB report is also in line with the Kremlin's own forecasts.
I disagree not only with their projections (they have both missed the steep rise in energy prices these past two months and the impact that it will have on Russia), but both also ignore the large role that Russia's underground economy plays.
I have posted on this topic before. Russia's underground economy is huge, where everyone has a side hustle. Best estimates are that this segment of the economy is over 40%. I agree with this number.
Check out this report.
https://freepolicybriefs.org/2020/03/16/shadow-economy-russia/
Copy boy was busy from 9:30 to 10:15. Hopefully, now he'll retreat to the storeroom with his favorite mag.
ReplyDeleteand you? jerking your tiny dick in nursery school
ReplyDeletefuck off
Our editor, like some folks commenting, seems to take issue with an article that was copied and pasted. Does that differ from copy a link to an article and post? What are all the posted articles here if not links copied and pasted to the site?
You're being whiny.
Delete"Does that differ from copy a link to an article and post?"
ReplyDeleteActually it is different. People come here for two reasons. WNU does what the SMSM does not. He provides aggregates articles from other sites, but other sites fall down on the job,
because they do not form a spanning tree. The also editor provides commentary. He does not provide commentary on every article, but on a significant percentage of them.
To post whole articles is abusive simply, because of the space it takes up. It destroys the thread, because taking up space is taking up oxygen.
What people want is the perspective of people. They appreciate a link, quotes or excerpts, but usually they want it brief. It should support the point the author of the comment mad in their own words. You can break any rule and sometimes get away with it sometimes, but breaking a rule consistently and you lose according to Canadian Kingsbury.
I found out, when I commented in Yahoo I got more upvotes with two liners instead of 3 paragraphs, where I supported my central point with paragraphs and so forth.
But hey 12:31 you and B Poster keep up with the multi-paragraph long format.
1.I hardly posted the entire article
ReplyDelete2. what I had posted showed that the Russian economy is not in bad shape, ie Biden was wrong.
3. do you object to paragraph-long nasty comments about someone who posts when those comments are a few paragraphs and have nothing to do with the posted article? that seems, ok with you
1. Excuuuuuuuuuuuuuuuuuuuuuuuuse Me.
ReplyDeleteYou only posted 10 out 12 paragraphs of a 2 page article.
2. Editor did not think so.
3. We all know, who you are, putz.
The Shadow Economy in Russia: New Estimates and Comparisons with Nearby Countries
ReplyDeleteUnderground Economy - definition, problems and causes
aaaaaaaaah how sweet
ReplyDeleteshithead finally added the link to his 10 paragraph copy and paste
pro tip most people who you are trying to convince or bludgeon do not respect the World Bank or IMF so if you were trying the argument from authority fallacy yet again, no cigar
moron
are those the flat earthers? the ones who think the vaccine makes for infertility? or that Trump will be president by Sept 1?
ReplyDeleteNo just you.
DeleteTrump tries to sabotage the Biden infrastructure deal
ReplyDelete-- BREAKING: Senate Republicans announce agreement on infrastructure deal's "major issues" –
If a virus can cause infertility and some do, then perhaps a vaccine could also. The best answer to someone with such questions it to point them to the vaccine trials and the data there.
ReplyDeleteThere is some concern that the COVID vaccine could cause damage. They are doing more studies. Scientist have shown that the spike protein by itself causes arterial damage. Salk institutes said not to worry because the protein in the vaccine is safely encoded, which is hand waving or they mean due to most vaccines being a mRNA vaccine. Makes you question the J & J vaccine.
All I can say is that 2:20/2:23 is a dumb ass jerk.
We now know that the virus might impair fertility if you get it but you will not have fertility impacted by getting the vaccine.
ReplyDeletego forth and make your choice
Oh the choice has been made and it's not you.
Delete323 is adding gibberish lying his your repertiore.
ReplyDelete