BRICS - Sergey Glazyev

Turkey already is facing hyper inflation. Yes Erdogan is that much of an ejit.

Lula and Modi are the better people in the group.

Xi has problems we can not contemplate they are so massive. We can contemplate it really but you will say they are too far flung. Xi’s system is more closed but he needs the outside world’s resources and China can not cope longer term.

Russia is now imploding. The central bank’s assets are running completely dry. The bank has to print to fund the army. Yes it will lead to hyper inflation.

When a leader is not legitimate (in Aristotle’s definition) the country’s economy is at a complete loss eventually. That does not included Brazil or India.

Turkey’s central bank has also flushed all of its assets to prop up the lira and get Erdogan re-elected. Turkey and Russia are about to complete fail economically. Russia can no longer finance the war in Ukraine.

Your comments are not looking at the individual facts of each of the BRICS nations and then applying economic theory in public finance. You can not generalize that a failing economy with no assets in the central bank will not have hyper inflation.

BTW we are all that stupid. No one person should run an entire nation by command. Individually as human beings we are not all knowing. The stupidity is going to show up when one man runs the entire show. Yes ounce for ounce Putin, Xi and Erdogan are complete ejits. In fact over time the ejit factor gets multiplied.

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