Konstantin deconstructs the "Russian economy is doing great" story:
@useless_idiot It's already worse than that. This one looks like the first sign of incoming regional defaults.
@m0xee @useless_idiot
Could the prospect of the collapse of Soviet Union 2.0 be lurking at the regime mugshots?
@PawelK
> collapse of Soviet Union 2.0
I think that is exactly what is going to happen.
I was expecting a major turning point like that by spring, but I was expecting the frontline to collapse earlier than having such obvious signs of failing economy, but okay, we can have them in any order π
Most believe that economy is like that because of war, but actually it's the other way around: the war happened because the economy was collapsing.
@useless_idiot
@PawelK @useless_idiot Russia's economy is in decline since 2013, but "Crimea effect" somehow justified the lowering standards of living for the masses. It didn't make the news, but COVID was a serious blow too. Putin wanted to pull off this trick again: quick and victorious war. Focus shifted to Ukraine now, but there was an attempted Kazakhstan incursion just a couple of months before that.
@PawelK @useless_idiot π¨π³ quickly showed Putin the door so he had to go for πΊπ¦. I think he was reluctant to do that from the very beginning, but the resistance he got even surpassed his expectations. And of course he didn't expect oil and gas sanctions to be that serious. He got the justification for economic hardships he wanted, but he miscalculated and the war only accelerated the economy spiraling down.
@useless_idiot
I'm not sure how trustworthy Fox News' sources are, but it's definitely not the first time I stumble upon such rumours.
@PawelK
@m0xee @useless_idiot
Its already there, at least some of it.
@PawelK @useless_idiot The collapse is imminent, but the question is how many more have to die before it happens and what happens next.