Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Foreign Affairs

TexasTowelie

(115,631 posts) Fri Oct 4, 2024, 05:57 PM Yesterday

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

= new reply since forum marked as read

Highlight:

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

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

keithbvadu2

(39,385 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, 06:17 PM

Yesterday

Reply to this discussion