Page 13 of 173

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 12:41 pm
by JM2K6
Blake wrote: Mon Jun 06, 2022 11:28 am
JM2K6 wrote: Mon Jun 06, 2022 10:53 am I guess that's something this particular Russian war makes easy. The Ukranians are very clear that they're facing an existential threat.
That tends to focus the mind and ensure loyalty...
Indeed. It's just amazing how worlds apart they are...Zelenskyy with his men, Putin cowering at the end of a long table.

The memes write themselves.
Yup. Insane paranoid kleptocrat. Former funny-man turned icon of the people who wears his heart on his sleeve and genuinely seems to give a shit about his country. Couldn't be a bigger contrast.

Both are obviously major "nationalists" but poles apart.

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 12:41 pm
by Hellraiser

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 1:36 pm
by fishfoodie
Orc holding onto Severodonetsk by their fingernails

Image

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 2:33 pm
by Hellraiser

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 6:25 pm
by TheFrog
EnergiseR2 wrote: Mon Jun 06, 2022 1:38 pm
TheFrog wrote: Mon Jun 06, 2022 3:14 am
Plim wrote: Sun Jun 05, 2022 8:29 pm Is there any reliable information about the scope and pace of German military aid to Ukraine? General consensus seems to be that the Germans are stalling and reneging.

If true, would seem to be a shame after all other Western European states, and the US, have stood fast and been solid in support.
For start, the germans have few weapons of their own. Their stocks are low because they invested so little in their defense.
It's complete bollox generally being spread by Tory rags. It was like the story they had renaged on giving Poland replacement tanks for the ones they gave Ukraine. In fact Poland had refused older tanks and wanted new ones. To be clear the fucking Germans didn't even have the new ones.
There is definitely a very anti France/Germany agenda playing up in the UK. While Macron deserves criticism for his public call not to humiliate Russia, trying to paint France and Germany as countries unsupportive of the war effort against Russia is a simplistic approach to fool the crowds.

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 6:26 pm
by TheFrog
Hellraiser wrote: Mon Jun 06, 2022 2:33 pm
That confirms an interview I read of a French fighter saying they were taking heavy losses every day.

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 8:09 pm
by Hellraiser
Apparently a second Russian general was killed yesterday in Donbas, Lt. Gen. Roman Berdnikov.

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 8:22 pm
by tabascoboy
Hellraiser wrote: Mon Jun 06, 2022 8:09 pm Apparently a second Russian general was killed yesterday in Donbas, Lt. Gen. Roman Berdnikov.
A few sources are reporting that, and a 3 star General too
Highest ranking Russian general so far, lieutenant general Roman Berdnikov, commander of the 29th Army of RF, has been killed in Ukraine this morning near Severodonetsk
Appears to be a little confusion though thanks to both having the first name Roman, so I wouldn't treat it as confirmed

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 9:24 pm
by Random1

Re: What's going on in Ukraine?

Posted: Mon Jun 06, 2022 10:38 pm
by Plim
EnergiseR2 wrote: Mon Jun 06, 2022 1:38 pm
TheFrog wrote: Mon Jun 06, 2022 3:14 am
Plim wrote: Sun Jun 05, 2022 8:29 pm Is there any reliable information about the scope and pace of German military aid to Ukraine? General consensus seems to be that the Germans are stalling and reneging.

If true, would seem to be a shame after all other Western European states, and the US, have stood fast and been solid in support.
For start, the germans have few weapons of their own. Their stocks are low because they invested so little in their defense.
It's complete bollox generally being spread by Tory rags. It was like the story they had renaged on giving Poland replacement tanks for the ones they gave Ukraine. In fact Poland had refused older tanks and wanted new ones. To be clear the fucking Germans didn't even have the new ones.
I don’t disagree about anti-German/French sentiment playing ‘well’ in Tory journalists’ minds. But it doesn’t look like that’s the exclusive source. This is Business Insider from a few days ago (BI was originally American but is now majority owned by Axel Springer, which got the documents, apparently): https://www.businessinsider.com/germany ... 2022-5?amp

It may very well be that there’s little to send, as has been said.

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 7:13 am
by Plim
EnergiseR2 wrote: Tue Jun 07, 2022 6:45 am You are not paying attention if you don't agree. It started in Mar j and has been relentless
OK. That article is hardly definitive. And Axel Springer - a German publisher - may have its own agenda anyway.

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 9:50 am
by Hellraiser

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 12:17 pm
by Hellraiser

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 3:51 pm
by inactionman
During a bored moment at work (are there any other types of moment?) I was reading up on some of the tracked artillery equipment available to western countries.

The UK equipment is something called AS90, which is now pretty much obsolescent in the main as the gun calibre at 39 gives too short a range. Attempts to increase it to an industry standard 52 calibre were stymied by problems with the propellant which the supplier couldn't resolve. Apparently the errant supplier was South African, which we won't go into.

Anyway, there's a delightful description of the equipment in the Army Rumour Service (Arrse) wiki page:

Big thing on tracks that goes boom! Or gets blown up by some muppet at BATUS.

Used by The Royal Artillery.

Vaguely Interesting Point: Most RA Self Propelled systems from WWII onwards have had ecclesiastic names: Abbot, Priest etc.

AS90 took so long and so much money to get into service because of VSEL fuck-ups that it has been christened "Choirboy" on account of 10 years being buggered by Vickers
.

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 4:32 pm
by laurent
One very interesting Video


Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 4:41 pm
by Niegs
inactionman wrote: Tue Jun 07, 2022 3:51 pm During a bored moment at work (are there any other types of moment?) I was reading up on some of the tracked artillery equipment available to western countries.

The UK equipment is something called AS90, which is now pretty much obsolescent in the main as the gun calibre at 39 gives too short a range. Attempts to increase it to an industry standard 52 calibre were stymied by problems with the propellant which the supplier couldn't resolve. Apparently the errant supplier was South African, which we won't go into.

Anyway, there's a delightful description of the equipment in the Army Rumour Service (Arrse) wiki page:

Big thing on tracks that goes boom! Or gets blown up by some muppet at BATUS.

Used by The Royal Artillery.

Vaguely Interesting Point: Most RA Self Propelled systems from WWII onwards have had ecclesiastic names: Abbot, Priest etc.

AS90 took so long and so much money to get into service because of VSEL fuck-ups that it has been christened "Choirboy" on account of 10 years being buggered by Vickers
.
Image

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 5:22 pm
by Hellraiser
A bunch of Belarusians from the Pahonia volunteer regiment have been recruited as contract professionals into Ukrainian SOFs.

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 8:04 pm
by Hellraiser

Re: What's going on in Ukraine?

Posted: Tue Jun 07, 2022 9:01 pm
by Hellraiser

Re: What's going on in Ukraine?

Posted: Wed Jun 08, 2022 7:33 am
by tabascoboy
Meanwhile, the joy of Russian "liberation" continues
Mariupol on brink of cholera outbreak as city 'drowns in rubbish and sewage'

Deputy mayor Sergeii Orlov said summer is accelerating the decomposition of ‘thousands of corpses’, while Mariupol residents have no way out of the Russian-held city.

Re: What's going on in Ukraine?

Posted: Wed Jun 08, 2022 11:04 am
by MungoMan
tabascoboy wrote: Wed Jun 08, 2022 7:33 am Meanwhile, the joy of Russian "liberation" continues
Mariupol on brink of cholera outbreak as city 'drowns in rubbish and sewage'

Deputy mayor Sergeii Orlov said summer is accelerating the decomposition of ‘thousands of corpses’, while Mariupol residents have no way out of the Russian-held city.
That does it. I’ve officially scrubbed Mariupol from my must-visit holiday list.

Re: What's going on in Ukraine?

Posted: Wed Jun 08, 2022 2:43 pm
by Hellraiser

Re: What's going on in Ukraine?

Posted: Wed Jun 08, 2022 4:14 pm
by petej
Not sure if this thread has been posted before. Amazing how long and how frequently Russia has been using the ethnic minority violence etc... as an excuse to invade.

Re: What's going on in Ukraine?

Posted: Wed Jun 08, 2022 9:39 pm
by Hellraiser

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 8:18 am
by Hellraiser

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 8:18 am
by tabascoboy
One of the notorious soldiers of the Russian army has been killed by a Ukrainian sniper in Kharkiv, multiple news reports have said. Vladimir Andonov died at night during reconnaissance of the area, along with his comrade, said a report in Newsweek.
The report is based a story in Russian newspaper Moskovsky Komsomolets. "The death in Ukraine of Vladimir Andonov, better known as Vaha, has become known," the publication said.

Andonov had played a crucial part role in the mass shooting of Ukrainian prisoners of war and execution of civilians in the Donbas region, Sky News reported. The 44-year-old had volunteered to take part in the mass shooting, the publication further said.

He was part of the Wagner group, an organisation of relentless mercenaries, as per Sky News report. Andonov was part of Russian special forces in the Donbas region when Moscow seized Crimea in 2014. Wagner Group fighters are mainly ex-paratroopers or special forces operatives.

The Russian military also confirmed Andonvo's death on messaging app Telegram.

Andonov was given the nickname "The Executioner" due to the brutal tactics he used in previous missions in Syria and Libya.

According to Newsweek, Andolov belonged to Mogoytuysky District, in the Siberian republic of Buryatia.

Andonov's death marks another loss for Russian President Vladimir Putin, after two other Russian generals were killed on Sunday. Major General Roman Kutuzov and Lieutenant General Roman Berdnikov were killed in the Donbas region, reportedly by Ukrainian military.

Their deaths have not been confirmed officially by Moscow.
Also unconfirmed reports of another "misfortune" to a (maybe) Russian general, Major General (?) Andrei Vladimirovich Zagortsev reportedly stepped on a land mine ( a PFM1S, one of their own...) and is badly incapacitated. He served in Chechnya as a Lieutenant-Colonel and wrote a book about his experience, so whether he is still in active service and if so his rank as an officer are not clear.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 10:28 am
by Grandpa
A Russian equivalent of Rob Terkla's Speak The Truth. Not dissimilar as far as the mapping goes... though his interpretation of what is happening.. and what will happen is interesting...


Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 11:30 am
by Ovals
Away from the actual battlefield - who is winning the economic war?

Unlike Russia, western democracies are far more accountable - and the economic consequences of the war might be more difficult to manage in the longer term. Could Western Governments be starting to tire of the war and become wary of the electorial consequences of inflation and shortages etc. - where Putin just keeps Russia under an iron grip - and keeps the truth away from its people.

I seriously wonder whether the West's resolve will outlast Russia and they'll start to really push Ukraine towards a settlement that concedes territory - or slowly reduce the support and make compromises to reduce shortages. Some countries will inevitably start to weaken and take some easy options to ease their economic plight.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 11:36 am
by TheFrog
Ovals wrote: Thu Jun 09, 2022 11:30 am Away from the actual battlefield - who is winning the economic war?

Unlike Russia, western democracies are far more accountable - and the economic consequences of the war might be more difficult to manage in the longer term. Could Western Governments be starting to tire of the war and become wary of the electorial consequences of inflation and shortages etc. - where Putin just keeps Russia under an iron grip - and keeps the truth away from its people.

I seriously wonder whether the West's resolve will outlast Russia and they'll start to really push Ukraine towards a settlement that concedes territory - or slowly reduce the support and make compromises to reduce shortages. Some countries will inevitably start to weaken and take some easy options to ease their economic plight.
That is where this war will be lost or won in my opinion. On the ground, both countries can keep going for a long time, at high costs, but both sides can continue to send manpower to the front albeit poorly armed.

The economic war is a key element to bring Russia to its knees and as you pointed out, this requires the people of Western countries need to stand by their government and the Ukrainians.

The latest - partial ban - on Russian oil has sent the oil prices through the roof and the average middle class person in Europe or the US is feeling the pain now. It is nothing compared to the pain Ukrainians feel daily but human beings are short sigthed and very selfish.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 11:45 am
by TheFrog
To illustrate my point above, i just heard a report on French radio about people queuing in France to get food at a food run, and among them, people who do actually have a job and a regular salary but are now struggling with the impact of inflation on their daily lives.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 12:32 pm
by The Druid
Unfortunately I believe Ovals and TheFrog have both summed up the situation precisely and sadly Ukraine will ultimately be let down badly. That being said I sincerely hope that I am wrong and Russia is pushed back to its borders.

Ovals wrote.
Away from the actual battlefield - who is winning the economic war?

Unlike Russia, western democracies are far more accountable - and the economic consequences of the war might be more difficult to manage in the longer term. Could Western Governments be starting to tire of the war and become wary of the electorial consequences of inflation and shortages etc. - where Putin just keeps Russia under an iron grip - and keeps the truth away from its people.

I seriously wonder whether the West's resolve will outlast Russia and they'll start to really push Ukraine towards a settlement that concedes territory - or slowly reduce the support and make compromises to reduce shortages. Some countries will inevitably start to weaken and take some easy options to ease their economic plight.
TheFrog wrote.
That is where this war will be lost or won in my opinion. On the ground, both countries can keep going for a long time, at high costs, but both sides can continue to send manpower to the front albeit poorly armed.

The economic war is a key element to bring Russia to its knees and as you pointed out, this requires the people of Western countries need to stand by their government and the Ukrainians.

The latest - partial ban - on Russian oil has sent the oil prices through the roof and the average middle class person in Europe or the US is feeling the pain now. It is nothing compared to the pain Ukrainians feel daily but human beings are short sigthed and very selfish.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 1:55 pm
by Ovals
The Druid wrote: Thu Jun 09, 2022 12:32 pm Unfortunately I believe Ovals and TheFrog have both summed up the situation precisely and sadly Ukraine will ultimately be let down badly. That being said I sincerely hope that I am wrong and Russia is pushed back to its borders.

Ovals wrote.
Away from the actual battlefield - who is winning the economic war?

Unlike Russia, western democracies are far more accountable - and the economic consequences of the war might be more difficult to manage in the longer term. Could Western Governments be starting to tire of the war and become wary of the electorial consequences of inflation and shortages etc. - where Putin just keeps Russia under an iron grip - and keeps the truth away from its people.

I seriously wonder whether the West's resolve will outlast Russia and they'll start to really push Ukraine towards a settlement that concedes territory - or slowly reduce the support and make compromises to reduce shortages. Some countries will inevitably start to weaken and take some easy options to ease their economic plight.
TheFrog wrote.
That is where this war will be lost or won in my opinion. On the ground, both countries can keep going for a long time, at high costs, but both sides can continue to send manpower to the front albeit poorly armed.

The economic war is a key element to bring Russia to its knees and as you pointed out, this requires the people of Western countries need to stand by their government and the Ukrainians.

The latest - partial ban - on Russian oil has sent the oil prices through the roof and the average middle class person in Europe or the US is feeling the pain now. It is nothing compared to the pain Ukrainians feel daily but human beings are short sigthed and very selfish.
And people will start to ask if it is all worth it. Ukraine cities continue to be destroyed, the refugee situation will barely improve, Russia will keep throwing military resources in and the chances of them being pushed back to their borders is remote, especially in Crimea. The west will suffer a decline in living standards, very low growth rates, voters will be feeling the pinch - and we'll soon be seeing a global hunger catastrophe - and the vast majority of people probably couldn't even place Ukraine on a map. Ukraine are, in some instances, getting pretty feisty with their Allies and could see some countries start to get frustrated with them - and that's before the West really start to encourage some compromises to negotiate an end to hostilities.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 3:17 pm
by Rinkals
Noticing that 2 Brits and a Moroccan captured by the Russians have been sentenced to be executed in a show trial.

If Putin wants the Brits to back off and stop supplying weapons to the Ukrainians, I'm not sure that this is the best way of going about it.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 3:19 pm
by derriz
The war in Ukraine isn't helping matters but it's a tiny factor in causing the current economic woes around the world. If the war stopped tomorrow, the global economy would still be in the shit.

Oil prices had been rising steeply long before the invasion of Ukraine started, for example. I has risen about 20% since the invasion but that's after rising about 100% over the year prior to that.

Rising interest rates were inevitable since monetary policy never tightened fully after the GCF, only to be loosened even further during covid. Fiscal policy the same - governments running massive deficits to keep things ticking over during the lockdowns - at some stage the government spending party has to stop.

Just because the world is back to pre-covid patterns of living, doesn't mean the economy experiences an immediate return to normal. The world economy is still see-sawing from the massive economic, trade and investment shock/contraction caused by covid. There was a "see" spurt of "catch-up" growth (which also fuels inflation) followed by the "saw" of where we are now.

Add to this, the slow collapse of the Chinese economy - which is property related and predates the invasion of Ukraine by a year if not more.

The cost to the west of sustaining the war - in term of financial and military support is minuscule. Even the cost of supporting the refugees is not that significant for western governments. I'm also skeptical that we're all going to starve - wheat prices are already 30% below their March peak as big producers - like the US where farmers has a lot of flexibility on what cereals they grow - are stepping up to increase production.

If if you can cold-heartedly ignore the horrors of what the Russians c*nts are inflicting on the Ukraine, being completely selfish bastards, the benefits to the west are huge - for a 30th the cost of the Iraq war for example, we effectively get to take out the military capability of one of the two of the biggest and most destabilising f*cking asshole countries that have spent the last 2 or 3 decades invading and threatening neighbours, promoting propaganda globally, conducting murders in broad daylight in the west, shooting down passenger aircraft, etc.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 3:46 pm
by fishfoodie
.... and if they can create a situation where Putin is removed, there's a decent chance that the Russians would agree a massive reduction in their Nuclear forces, so they could re-build their conventional ones; & then the US could cut it's own Nuclear forces, & probably save more money than fighting the war will cost.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 3:58 pm
by Biffer
derriz wrote: Thu Jun 09, 2022 3:19 pm The war in Ukraine isn't helping matters but it's a tiny factor in causing the current economic woes around the world. If the war stopped tomorrow, the global economy would still be in the shit.

Oil prices had been rising steeply long before the invasion of Ukraine started, for example. I has risen about 20% since the invasion but that's after rising about 100% over the year prior to that.

Rising interest rates were inevitable since monetary policy never tightened fully after the GCF, only to be loosened even further during covid. Fiscal policy the same - governments running massive deficits to keep things ticking over during the lockdowns - at some stage the government spending party has to stop.

Just because the world is back to pre-covid patterns of living, doesn't mean the economy experiences an immediate return to normal. The world economy is still see-sawing from the massive economic, trade and investment shock/contraction caused by covid. There was a "see" spurt of "catch-up" growth (which also fuels inflation) followed by the "saw" of where we are now.

Add to this, the slow collapse of the Chinese economy - which is property related and predates the invasion of Ukraine by a year if not more.

The cost to the west of sustaining the war - in term of financial and military support is minuscule. Even the cost of supporting the refugees is not that significant for western governments. I'm also skeptical that we're all going to starve - wheat prices are already 30% below their March peak as big producers - like the US where farmers has a lot of flexibility on what cereals they grow - are stepping up to increase production.

If if you can cold-heartedly ignore the horrors of what the Russians c*nts are inflicting on the Ukraine, being completely selfish bastards, the benefits to the west are huge - for a 30th the cost of the Iraq war for example, we effectively get to take out the military capability of one of the two of the biggest and most destabilising f*cking asshole countries that have spent the last 2 or 3 decades invading and threatening neighbours, promoting propaganda globally, conducting murders in broad daylight in the west, shooting down passenger aircraft, etc.
The Chinese are still fucked with covid as well. Their vaccine hasn’t been as effective as the RNA based ones and the uptake hasn’t been as good. If they open up like the west they’ll have millions dead

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 4:10 pm
by Hellraiser
I can't overstate how much I despise defeatism.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 4:54 pm
by tabascoboy
NGL I am starting to get "war weariness" and want it over even though I can't say that it has any clear direct financial impact on me yet. That said I don't want a situation where Ukraine gets fucked over just so we can be more comfortable and "move on" ( that expression is seriously getting on my tits too). This having gone on far longer that the original all-over-in-a-week plan in Putin's mind and fellow pessimists is depressing but I don't think it's acceptable that there is any gain from this adventurism and Russia has to come out of this knowing that it has been an expensive military, political and social failure even if they won't acknowledge it.

I hope that as long as Ukraine is willing to fight for its liberty that we will support them even if it does mean some personal sacrifices, although I accept if it starts to hit hard widely with finances and well-being then our resolve will be tested. It's hugely important from a global standpoint that we see this through although how I'll feel about it in a few months time is a good and fair question.

We've, especially my generation had have it unbelievably easy for so long that it serves as a reminder that peace and economic security are not a given and maybe we have to accept things will get worse in order to get better again.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 4:57 pm
by Ovals
derriz wrote: Thu Jun 09, 2022 3:19 pm The war in Ukraine isn't helping matters but it's a tiny factor in causing the current economic woes around the world. If the war stopped tomorrow, the global economy would still be in the shit.

Oil prices had been rising steeply long before the invasion of Ukraine started, for example. I has risen about 20% since the invasion but that's after rising about 100% over the year prior to that.

Rising interest rates were inevitable since monetary policy never tightened fully after the GCF, only to be loosened even further during covid. Fiscal policy the same - governments running massive deficits to keep things ticking over during the lockdowns - at some stage the government spending party has to stop.

Just because the world is back to pre-covid patterns of living, doesn't mean the economy experiences an immediate return to normal. The world economy is still see-sawing from the massive economic, trade and investment shock/contraction caused by covid. There was a "see" spurt of "catch-up" growth (which also fuels inflation) followed by the "saw" of where we are now.

Add to this, the slow collapse of the Chinese economy - which is property related and predates the invasion of Ukraine by a year if not more.

The cost to the west of sustaining the war - in term of financial and military support is minuscule. Even the cost of supporting the refugees is not that significant for western governments. I'm also skeptical that we're all going to starve - wheat prices are already 30% below their March peak as big producers - like the US where farmers has a lot of flexibility on what cereals they grow - are stepping up to increase production.

If if you can cold-heartedly ignore the horrors of what the Russians c*nts are inflicting on the Ukraine, being completely selfish bastards, the benefits to the west are huge - for a 30th the cost of the Iraq war for example, we effectively get to take out the military capability of one of the two of the biggest and most destabilising f*cking asshole countries that have spent the last 2 or 3 decades invading and threatening neighbours, promoting propaganda globally, conducting murders in broad daylight in the west, shooting down passenger aircraft, etc.
All true - but given all the existing problems, we needed a war in Ukraine like a hole in the head - and I think you haven't factored in the likely knock on affect on Wolrd famine. I'm just not sure that the Western democracies have the staying power as Russia, unless Putin is overthrown.

Re: What's going on in Ukraine?

Posted: Thu Jun 09, 2022 5:50 pm
by Grandpa
Ovals wrote: Thu Jun 09, 2022 4:57 pm
derriz wrote: Thu Jun 09, 2022 3:19 pm The war in Ukraine isn't helping matters but it's a tiny factor in causing the current economic woes around the world. If the war stopped tomorrow, the global economy would still be in the shit.

Oil prices had been rising steeply long before the invasion of Ukraine started, for example. I has risen about 20% since the invasion but that's after rising about 100% over the year prior to that.

Rising interest rates were inevitable since monetary policy never tightened fully after the GCF, only to be loosened even further during covid. Fiscal policy the same - governments running massive deficits to keep things ticking over during the lockdowns - at some stage the government spending party has to stop.

Just because the world is back to pre-covid patterns of living, doesn't mean the economy experiences an immediate return to normal. The world economy is still see-sawing from the massive economic, trade and investment shock/contraction caused by covid. There was a "see" spurt of "catch-up" growth (which also fuels inflation) followed by the "saw" of where we are now.

Add to this, the slow collapse of the Chinese economy - which is property related and predates the invasion of Ukraine by a year if not more.

The cost to the west of sustaining the war - in term of financial and military support is minuscule. Even the cost of supporting the refugees is not that significant for western governments. I'm also skeptical that we're all going to starve - wheat prices are already 30% below their March peak as big producers - like the US where farmers has a lot of flexibility on what cereals they grow - are stepping up to increase production.

If if you can cold-heartedly ignore the horrors of what the Russians c*nts are inflicting on the Ukraine, being completely selfish bastards, the benefits to the west are huge - for a 30th the cost of the Iraq war for example, we effectively get to take out the military capability of one of the two of the biggest and most destabilising f*cking asshole countries that have spent the last 2 or 3 decades invading and threatening neighbours, promoting propaganda globally, conducting murders in broad daylight in the west, shooting down passenger aircraft, etc.
All true - but given all the existing problems, we needed a war in Ukraine like a hole in the head - and I think you haven't factored in the likely knock on affect on Wolrd famine. I'm just not sure that the Western democracies have the staying power as Russia, unless Putin is overthrown.
He did mention famine.. and other countries stepping up to negate the effects...