CNN host Fareed Zakaria discusses the global financial implications of the Russia-Ukraine war with Treasury Secretary Janet Yellen.
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Zakaria asks Yellen if sanctions on Russia are actually working. Hear her response
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Economically speaking – when a country is involved in a war, it is a lost opportunity, a loss of a limited resource. Every soldier that dies represents a loss of potential, and assuming that it is a 18-40 year old adult, it takes a generation to replace.
But Ukraine has only lost somewhere between 120,000 – 450,000 depending on the source and if one counts MIAs. They still have a pool of 16 and 65 year olds to tap into.
yes america found that with the viet nam war to many young men died never forget
she is not so accurate on predictions
Thank You Very Much and wish will hear soon from you😀
Pointing to a Russian budget deficit as a negative impact on the Russian economy is painfully ironic. If a budget deficit means a weakening economy wouldn’t that mean we have the weakest of them all ?
The U.S. has not had a balanced budget since the Clinton administration. Yet we have one of the strongest economies in the world. The budget deficit in Russia is the result of a decrease in revenue due to imposed sanctions and an increase on military spending. Other than revenue generated by the sales of natural resources and weaponry Russia has minimal revenue streams. Which also highlights the fragility of their economy. Yet our revenue streams are diverse. As for prosperity ranking the U.S is 19th in the world compared to Russia’s 77th ranking although we have more than twice the population. Running a deficit budget in the U.S. has far less consequences than running a budget deficit in Russia. What is that axiom? You need to spend money to make money.
The world buys our (US) debt, regarded as a risk-free baseline for the world’s debt issuance. Who in the world would want to buy debt issued by Czar Putin, 70, which will probably be worthless, or undergo a serious haircut, once he and his oligarchs are kaput?! Pariah Russia defaulted on its debt in late 1998 and technically defaulted last year (2022) as well. There’s a reason that Russian stocks and bonds are cheap and that’s because there’s no rule of law there.
US always can print more money. print, print, print!
While she essentially did answer every question, she was still a bit vague.. I wish she were more confident with her answers; say “without a doubt we should be making Russia pay for ukraines damages with their frozen assets, yes there is apparently legal restraints, but we will fight these in order to ensure Ukraine gets all $300 billion!”
Rather she said “well I believe it’s the right thing to do, but we’ll have to see.”
And without a doubt last time I checked Russia has 7,500 nukes. Who’s going to say “boo” to them, Janet?
@1ambrose100 lmao wooah as if nukes matter when everyone else has them; try again😂😂😂
@1ambrose100 They have around 1,588 deployed ( ready to launch ), about the same as the US. The rest are in storage or slated for decommissioning.
Anyway, what would be the point of using nukes? Everything would be destroyed, including Russia.
US had to find these frozen assets first, assuming that Russia didn’t move them out of the west before the conflict.
The fact that we share a ride to the international space station with each other says a lot to me about these sanctions
There may be different reasons to share a ride👎🏼
Thank You Very Much and wish will hear soon from you😀
Thank you so much !
Did she really say that we use sanctions judiciously? We’ve been weaponizing the dollar my whole life.
Thank You Very Much and wish will hear soon from you😀
I don’t believe anything she says, it’s hard to understand how this woman has lasted so long when she’s been caught lying on a daily basis
Corrupt to the core
The USA is $31-Trillion in debt. When Mondale and Reagan debated 38 years ago Mondale kept bringing the fact that we were $400-Billion in debt. Well, now it’s SEVENTY SEVEN times bigger. The elephant in the room.
20 bucks she’s more educated than you 😅
@David Nantz spot on, we need to get the debt under control. Some would argue we have a spending problem, however the much bigger issue is on the income side. why are people surprise the debt has ballooned when we have literally cut our income in half over 40 years? we got middle class people out here defending multi millionaires ability to skip their tax bill, hoping they will get a crumb or two. they debase themselves.
Our family have been following your GPS shows for decades and for us it is one of the very informative and reliable information about world affairs
Thank You Very Much and wish will hear soon from you😀
Thank you so much !
I am grateful for your messages .
Indeed. Don’t ever sell out to big corporate greed. Keeping it real.
Yelled seems to be more fond of talking her observation on the military than answering the question in the economy parameters… why?
Part of the machine.
Because sanctions and the war is failing
eye-popping interview
Isn’t Yellen’s job to protect the $?
Step it up. Lock them out.
Well they know things about to go bad this is all just a way to calm everything down so it doesn’t look like things are going to go bad🤔
Yellen has been never saying truth as government official. What is the point to ask her questions?!
Saudi Arabia leaves the orbit of the United States and sets the volume of oil production in agreement with the Russian Federation. In addition, the Saudis have left the United States aside and turned to China for mediation in order to improve relations with Iran.
I would say a country that is already running on a shoe string budget isnt going ro be effected all that much economically but resources wise i could see that hurting them
Yellen says inflation is transitionary, look at inflation now. He lies
“Inflation seems to be transitory”- Janet Yellen
I think the US will be the last country to have its currency serve as the world currency. Digital currency is already here. The next global currency will be digital and be monitored and managed by AI. It will in fact be a composite, if you will, of all major countries’ currencies.
I like the questions, and surprisingly, like the answers too.