The West's WORST NIGHTMARE: Russia's Resilience SHAKES the Global Economy

In this captivating episode of The Joe Ligato Show, Dr. Joe Ligato delves deep into the intriguing speech by Vladimir Putin, the President of Russia, given at the St Petersburg International Economic Forum. Join us as we analyze and provide insightful commentary on Russia's current state, its direction, and its impact on the world stage.

Russia, despite its seemingly underestimated economy, is a major global power, often punching above its weight class. In this speech, Putin discusses how Russia not only survived but thrived amidst the sanctions imposed upon it by the West in the first half of 2022. These sanctions disrupted various aspects of Russia's economic and financial systems, challenging their very fabric.

Putin sheds light on the fact that the international trade, financial, and economic systems are largely controlled by the West, despite being portrayed as open and international. However, Russia, in collaboration with China, devised a new system to overcome these challenges. Their strategic planning and resilience paid off, allowing them to navigate through this difficult period successfully.

Remarkably, while countries like the United Kingdom, Germany, and the United States faced significant recessions, Russia emerged with economic growth. The decoupling from the Western-led world actually bolstered Russia's economy. This revelation prompts us to question the prevailing consumer-led system, where consumers dictate prices and producers are left feeling powerless. The consequences of this dynamic are far-reaching, impacting the majority of the world's population, who are producers.

Notably, Russia's manufacturing sector demonstrated exceptional strength during this period, indicating their capability to produce goods at a high level. Contrary to the perception of Russia as a mere "gas station" of the world, the country showcases its power through tangible output and a highly educated engineering workforce.

Putin emphasizes the importance of a well-balanced fiscal and monetary policy, which has contributed to Russia's minimal unemployment figures. While Western economies often prioritize short-term gains and frequently incur massive debt, countries like Russia and China adopt long-term planning and focus on sustainable growth. This approach positions them favorably in the face of future global recessions, as they are less susceptible to the negative consequences that may afflict downstream economies tied to the Western financial system.

As we continue our analysis of Putin's speech in upcoming episodes, it becomes evident that Russia, under his leadership, holds immense influence in shaping the world's future. Join us to gain further insights into the geopolitical landscape and understand the strategies employed by Russia to navigate the ever-changing global dynamics.

Like and subscribe to The Joe Ligato Show for more engaging and thought-provoking content. Stay tuned for the next part of our analysis, where we explore the fascinating aspects of Putin's speech. Don't miss out on understanding the geopolitical forces at play that can impact our world profoundly.

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