Russia Just Made The Most Desperate Move I've Ever Seen
Paul J. Warburg
21 min
Vladimir Putin is making desperate moves by plundering bank debts because he has no other options left. Vladimir Putin is choosing to make a banking crisis worse by asking citizens to join the war instead of addressing the cause.
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Vladimir Putin
Chapters
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0:00
Russia's Desperate Battlefield Moves
Russia is making desperate moves in response to Ukrainian battlefield momentum, including attacks on Kyiv and flexing nuclear capabilities.
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1:55
The Debt Forgiveness Recruitment Incentive
Vladimir Putin signed a law offering debt forgiveness equivalent to around 140,000 US dollars for new soldiers joining the Russian military.
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5:27
Plundering Banks Instead of Printing Money
The Russian government is pulling money from banks and lenders instead of using its own funds or printing more rubles to recruit soldiers.
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6:05
The Manpower Crisis
Ukraine is eliminating more Russian soldiers monthly than Russia can recruit to replace those losses.
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9:53
Frustrating the Oligarchs
Plundering bank debts frustrates powerful elites who rely on money as leverage, creating vulnerabilities for Vladimir Putin.
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11:54
The Inflation Trap
Russia cannot print more rubles because it is already caught in an inflation trap causing massive price increases.
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17:32
Shifting Blame to the Banking Sector
Vladimir Putin is asking citizens to join the war so banks cannot collect debts, blaming greedy banks for the resulting banking crisis. Vladimir Putin controls media so many Russians will not realize what happened regarding the debt forgiveness strategy.
Key points
- 0:00
Russia has made a series of moves seen as some of the most desperate in their entire war against Ukraine.
- 1:55
Vladimir Putin signed into law a new recruitment incentive offering debt forgiveness equivalent to around 140,000 US dollars.
- 5:27
The Russian government offers money from the pockets of Russia's banks instead of using federal government funds.
- 6:05
Ukraine is eliminating more Russian soldiers on a monthly basis than Russia can actually recruit to replace those losses.
- 9:53
Plundering the pockets of Russia's banks frustrates powerful elites who rely on money as leverage.
- 11:54
Russia understands it is caught in an inflation trap and cannot make that any worse by printing more rubles.
- 17:32
Vladimir Putin asks citizens to join the military so banks cannot collect debts, blaming greedy banks for the crisis.
- 17:32
Vladimir Putin controls media so many Russians will not realize what happened regarding the debt forgiveness strategy.
Who and where
People · 1
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Vladimir Putin 14
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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