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Joined 5 months ago
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Cake day: June 7th, 2025

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  • Infrastructure spending? This is Russia we are talking about. From every ruble spent by the government, at least 75% disappears if not more. The systemic corruption in Russia will obliterate any supposed advantage they have by ending the war.

    And those foreign assets are only partially government assets. These include investment accounts of normal Russians, payment to companies that have been held back, etc… We are talking billions but Russia is bleeding billions every month now, and the release of those assets will only partially mitigate the unfolding souffle like collapse of the Russian economy. It’s not a sudden crash, just a general return to poverty.

    A return of fossil fuel sales to prewar income would help, but I don’t see that happening as long as they occupy the Donbas and Crimea. Some sanctions will be lifted in case of a peace agreement but not even regime change will roll back all of the sanctions.













  • Sure, but they also suffer the consequences of their own focus on pushing out more and more SUV’s instead of focusing on EV. Volkswagen actually made the correct choice going fully for EV’s, but then backtracked under shareholder pressure. And the EU as a whole failed to protect local battery production and technology, allowing itself (although this also goes for the US, Japan and South-Korea) to become completely dependent on Chinese raw materials refinement and battery production and technology.

    China on the other hand, not suffering from fair and free elections, had a much easier time keeping its eye on the ball and sticking with a coherent long term vision.

    That being said, I do think it’s good for Germany to become less dependent on their car industry. They have a lot of industries screaming for highly qualified employees and the car industry has been vacuuming up a majority of those. These people becoming available for other industries will provide significant benefits as well.



  • I’m going to an apple (the fruit) exhibition this afternoon and my wife just asked me how much cash I have. I will be able to answer this later today.

    Edit: we didn’t buy any because my wife just wanted to find out the names of the apples from her childhood. We found the names, but they weren’t selling those.