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Foreign Affairs

TexasTowelie

(116,744 posts) Fri Oct 4, 2024, 04:57 PM Oct 4

Russian Payment Collapse - Joe Blogs

In this video I discuss the recent announcement that Russia has struck a trade deal with Pakistan under which it will be paid in POTATOES, ORANGES & RICE. This deal has been agreed due to the ongoing payment problems that Russia is experiencing as a result of the Financial Sanctions. The payment problems are now causing major problems for Russia and are having a huge impact on the Russian Economy.

Chapters:
0:00 Intro
3:10 BARTER TRADE
8:12 WHY?
13:24 RUBLE
15:31 BRICS
19:32 SUMMARY & CONCLUSION

1 replies

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Russian Payment Collapse - Joe Blogs (Original Post) TexasTowelie Oct 4 OP

Money is easily fungible. Produce is not and expires. Produce requires money to distribute. That dilutes its value. keithbvadu2 Oct 4 #1

keithbvadu2

(40,083 posts)

1. Money is easily fungible. Produce is not and expires. Produce requires money to distribute. That dilutes its value.

Reply to TexasTowelie (Original post)

Fri Oct 4, 2024, 05:17 PM

Oct 4

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