Russia is Now Actively Preparing for Financial Catastrophe
Paul J. Warburg
27 min
Often, the harder someone works to appear wealthy on the outside, the poorer that person actually is in reality. It means that eventually Russia will be forced into a position of massive inflation, far higher than anything they've experienced.
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Vladimir Putin
Chapters
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0:00
The Principle of Hidden Wealth
Often, the harder someone works to appear wealthy on the outside, the poorer that person actually is in reality.
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2:28
Russia's Budget Deficit Crisis
Russia is now running a large budget deficit projected to triple just this year.
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8:29
The Oil Price Discrepancy
Russia's budget relies on an oil price of $66 per barrel, while the actual sales price is $35 to $44.
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16:33
Hidden Military Costs
Russia forces Russian banks to lend to defense companies at favorable terms, hiding half or more of actual military costs.
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20:00
Regional Bankruptcy
The bulk of Russia's military spending bonuses are paid out of regional budgets, causing 74 out of 89 oblasts to be bankrupt.
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24:52
The Inevitable Conclusion
Russia will be forced into a position of massive inflation as revenues fall and costs remain high.
Key points
- 0:00
Often, the harder someone works to appear wealthy on the outside, the poorer that person actually is in reality.
- 0:00
Russia has gone out of their way to try to look wealthier than they are throughout their entire war because they are insecure.
- 2:28
Russia is now running a large budget deficit projected to triple just this year.
- 2:28
A large budget deficit in Russia can ultimately lead to the death of an economy.
- 8:29
Russia's budget relies on an oil price of $66 per barrel, while the actual sales price is $35 to $44.
- 16:33
Russia forces Russian banks to lend to defense companies at favorable terms to hide military costs.
- 20:00
Something like 74 out of 89 of Russia's oblasts are currently bankrupt due to forced military spending.
- 20:00
Russia is counting on the fact that people will not be willing to engage their brains and actually think about things critically.
- 24:52
Vladimir Putin has currently been working on blocking pretty much every form of communication in Russia outside of the official Russian state app Max.
- 24:52
It means that eventually Russia will be forced into a position of massive inflation, far higher than anything they've experienced.
Who and where
People · 1
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Vladimir Putin 4
President of the Russian Federation
Photo 1
1. Photo: Пресс-служба Президента России, CC BY 4.0, via Wikimedia Commons · Wikidata · redrawn in our house style (Vladimir Putin)
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