RUSSIAN Panic Spreads

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October 1, 2024

Video Summary

The Russian economy is facing a severe crisis due to the ongoing war in Ukraine and subsequent conscription of hundreds of thousands of men. The latest announcement, the sixth since the start of the war, requires 133,000 men between 18 and 30 to join the army. This is a catastrophic blow to the Russian economy, which is already struggling with a chronic shortage of workforce.

Russia’s population pyramid shows a tapering shape, meaning that the country has fewer people in their 20s, the lifeblood of the future economy. With the latest conscription, Russia will lose almost 1 million people from its workforce, who are mostly between 18 and 30 years old. These individuals are highly productive and motivated, and their removal will exacerbate Russia’s economic problems.

The country is already struggling with high inflation, which is driving up interest rates, making borrowing more difficult and costly. The war in Ukraine and repeated conscription announcements are forcing up wages, which is fueling inflation and interest rates. The Russian economy is trapped in a vicious circle, making it difficult to break free.

The war has also led to significant losses for Russia, with over 65,000 men killed, according to recent reports. The cost of these losses is astronomical, and the Russian economy cannot afford to sustain such a high toll.

Overall, the latest conscription announcement is a major setback for Russia, and it may lead to further mass exodus and economic chaos. The country’s chronic shortage of workforce will worsen, making it challenging to fill job vacancies, and the economy will continue to spiral out of control.