COLLAPSING RUSSIAN ECONOMICS: SANCTIONS, INFLATION, REFINERIES, RUIN Vlog 791: War in Ukraine
Video Summary
The economic situation in Russia is dire, with a significant drop in income. According to official statistics, June 2024 saw a four-fold decrease in business income compared to June 2022, resulting in a loss of $30 billion. This loss is attributed to a variety of reasons, including the impact of sanctions, the prioritization of military spending, and the lack of attention to the middle class. The middle class has been a target of the Russian government, as they are a key force in Ukrainian politics and are more likely to question the government’s actions.
The fall of the Soviet Union was attributed to its failing economy, and a similar fate may be in store for Russia. The country’s economy is collapsing, and its military is struggling to maintain its operations. The recent sanctions have had a significant impact on Russia, with many Russian companies unable to maintain their businesses due to a lack of access to supplies and maintenance. Additionally, the decision to prioritize military spending has come at the expense of other businesses, leading to a decline in the overall economy.
The Russian government has a reputation for misrepresenting the truth, and its statistics should not be taken at face value. The real economy of Russia is much worse than what is reported, with a vast shadow economy and a black market for essential goods. The collapse of the Soviet Union was a result of its economic collapse, and a similar fate may await Russia if it does not address its economic issues. The author believes that the key to defeating Russia is to understand its economy and the role of the middle class.
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