The whole meme of "Ukraine = Good Guys of Democracy
" is gonna absolve any wrongdoing on their part, because they stood up to the Big Bad Fascist Putler.
I remember madonna having a huge fundraiser dinner at her home.. She had been in loudon for a few years at that point, but she came back and told the plebs that wesley clark was a find choice to rplace W in 2004.
www.madonnatribe.com
Seems to be a little bit of trademark economist weasel-wording here, from my reading. It states that public debt fallen to zero, but only in the sense that they have enough cash to pay everything at once if the creditors suddenly demand it.No paid it off years ago on the back of oil money
Russia's Net Public Debt Falls to Zero - The Moscow Times
Despite low oil prices, Russia Inc. is accumulating money quickly again as it has become a lot more profitable than it was in the noughties.www.themoscowtimes.com
Let me be real for a second, Any Russia bros out there should either empty their bank accounts and purchase goods right now or put your money in crypto. Keep some rubles in your pocket. Because shit is gonna hyper inflate, even after Russia does what it can to stem the bleeding.
They have debt but their current giant pile of foreign reserves far exceeds the value of it. So theoretically they could pay it off with that.
Well its defiantly going to be bad in the short term. However that leaked Russian propaganda article made it clear they are moving towards a "Multipolar world" and intend to decouple from the West and its institutions. Most likely China, India, and others are working on backroom deals with Russia as we shitpost here, while they do pubic displays of condemnation and leveling show-sanctions that won't amount to much.
The 90s was a clusterfuck on a lot of levels for Russia. For starters, the Soviet Union collapsed in no small part because a very significant portion of the population got sick of the propaganda (especially in the wake of Chernobyl), and realizing that Soviet wage and price controls had resulted in them being vastly overpaid for their labor, people started effectively retiring at the age of 30 in droves. When everything came tumbling down and all those restrictions went away, the Russian economy went the way of Weimar overnight trying to compensate for the absurd amount of currency floating around in bank accounts, meaning that if you didn't have those saving stocked up, you were screwed. On top of this, the Russian industry, after spending the last 70 years accustomed to doing the bare minimum of work required to not get shot suddenly found itself having to compete not only with other companies, but also a mass influx of Western goods, leading to the shrinking of domestic industry as businesses failed to make the transition and making it even harder to find a job. Slap a nice dollop of national demoralization and rampant corruption on top, and you have one of the most impressive shit sundaes in human history.
Now that's a hero Reddit can identify themselves with.
Russia in the 1990's was put through what the Americans called "Shock Therapy". American and Western economists advised the Yeltsin government to sell off former Soviet government assets and remove market subsidies. The rouble, already suffering crashed, former party officials bought up assets with the worthless roubles and became the first Oligarchs and prices for gas, food and goods spiked as inflation soured. It was literally the Weimar republic for Russia, a hellish period in it's history. It got so bad that one of the candidates for the new national anthem in 1998 was a spin on the Tsarist Anthem called "God, save us all"
youtu.be
Now now, Stalin being a good old Georgian boy hated other Georgians with extreme prejudice.The whole meme of "Ukraine = Good Guys of Democracy
Just like Stalin gets a free pass, despite killing more than Hitler. Hey, at least Stalin wasn't racist!
Ukraine has secret factories under the marshes pumping out hundreds of Javelins and AT-4s a day
