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Belle of the Ranch

Let's talk about the US and Russia cooking the books....

Belle of the Ranch

Belle of the Ranch

Society & Culture

4.91K Ratings

🗓️ 24 January 2023

⏱️ 7 minutes

🧾️ Download transcript

Summary

Let's talk about the US and Russia cooking the books....

Transcript

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0:00.0

Well, howdy there internet people, let's bea again.

0:03.7

So today we are going to talk about similarities and differences between the

0:08.6

United States and Russia and their current economic situations and how they're going about something.

0:16.2

We're going to compare them.

0:18.0

We'll start off with talking about the differences because that's the actual question.

0:22.4

And then we'll go to a unique similarity that I think Americans might should notice.

0:30.0

And we're talking about how the US is cooking the books because of the manufactured

0:39.2

debt ceiling thing and how Russia is cooking the books because of the sanctions.

0:46.6

So here's the actual question and I think that this was meant to be kind of snarky but the idea is so good that I'm actually going to overlook the snark.

0:57.0

Bo, please outline the differences between Russia cooking its books after supposedly crippling sanctions

1:04.8

versus what you touched on here.

1:06.6

In a recent video I talked about how the US was going to

1:09.7

start cooking the books, what they are calling extraordinary measures or something like that.

1:15.0

Okay, so outline the differences.

1:20.0

Mainly intent, Russia is cooking the books to paint a rosy economic picture on the international stage.

1:28.0

The U.S. is now cooking the books to maintain a domestic situation.

1:33.0

And because of differing intent,

1:35.7

they're going about it in different ways.

1:38.6

Russia is engaging in a lot of, I don't want to say currency manipulation, currency controls, how about that?

1:47.3

They're keeping the ruble strong artificially.

1:51.6

Why? Because of the historical trends with the Rubel Weakening, Russians tend to look at the

1:59.4

Rubel, the way Americans look at the stock market is kind of a general

...

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