sundaymorning
Active Member
We're not even a month into the latest sanctions. The pain has just begun for the Ruble and the Russian economy more largely. I feel badly for those Russians who don't support this war, but they aren't the ones whose homes are being bombed.
The Russian government is trying their best to prop things up, their economy on the surface will look “operable,” that is until the dikes break. Anyone can go on YouTube or social media and see how Russian young’s 20s-30s are leaving their country in droves, which caused Putin to lashed out calling them “traitors” on television. Foreigners in Russia are also packing their bags, Russian tourists are refusing to go home while their own relatives are urging them to stay away form Russia (because it’s not safe). YouTubers, tiktokers and Instagram influencers are publicly crying in pain due to loss of revenues from corporate marketing. PayPal has also suspended operations, which means anyone getting paid by foreign companies via PayPal has had their finances frozen. Scrambling to keep things in order Russia has forced western investors from selling shares on their stock market, they are also forcing a no shorting rule, and finally, their government is spending money to buy stocks in order to prop up the market. With $300 billion to fianance a losing war, pay employees, produce munitions and buying stocks Russia is a ticking time bomb. Things on the surface looks functional, but underneath their government is in pain, their economy will collapse eventually. Anyone who thinks the sanctions aren’t working needs to get their brains checked. Even China has called US sanctions unreasonable. Just how unreasonable is it? The US sanctions are $1.2 trillion in value, the entire Russian GDP is only $1.4 trillion. People need to realize the gravity of this sanction as it slowly creeps into the Russian economy, but once this baby starts rolling and Russians use up their savings, it’ll be nuclear. Even China has its tail between its legs, as they realize “money talks”, and in this case BS walks. The US and it’s allies are not BSing around. I’m thankful to have a sane president sitting in office right now, this type of economic war/sanction is the new type of war every western nation within NATO should utilize to its full advantage going forward.
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