Russia’s economy is already in the crapper. And it is only going to get worse.
As Allahpundit mentioned here, the Russian economy is in dire straits. The Russian stock market rema
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Right now, inflation is at 61%. Think about that for a moment. Trumpsters on this board are wailing at mid to high single digit inflation, and Russia is looking at ten times that with no end in sight to how high it might go.
During the Great Depression, there is a famous photograph of Reporters in Germany taking notes on money. It was cheaper to use the money as notepaper than it was to use the money to buy notepaper. That is how worthless the cash was.
Before Ukraine is defeated, the exchange rate for Russia will be so bad that you’ll be able to buy St. Petersburg for the equivalent of a small hatchback economy car. Assuming you could smuggle a small suitcase of money into the country, since transfers of cash is impossible via banking systems.
And with everything getting actually worse for Russia, there is no end in sight.
Think about this. American and European built planes in Russia still need service, but they can’t get parts, so the planes will either be grounded, or flown in a dangerous state. Russian built planes can’t leave Russia, the airspace is closed to Russian Airlines. And even if they could fly somewhere, they couldn’t fly back, because with the banks frozen, there would be no way to pay for the airport fees, or fuel costs.
Russian flagged ships, well they are about to have real problems. No way to dock, no way to pay for fuel, and no way to do anything. Russian Sailors will be wondering how many years it will take them to return home to family.
The Russian Economy is collapsing so badly, that I wonder how the entire nation will manage to sleep on a steam vent. In a year, or so we’ll be seeing commercials about adopting Russian children through Childfund because they can’t afford basic things like food, and clothing.
Of course, attractive Russian women will be selling themselves as Mail Order Brides, or hookers, to the west. While Putin is telling the West to kiss his ass, Russian women will be kissing a different anatomical part to try and earn a little money to keep their families alive.
Way to go Vlad. You’ve undone decades of advances, and now are causing an environmental disaster of epic proportions.