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I’m still listening but I wanted to post this about the sanctions against Russia.. Someone more literate with the financial markets explained the it like this to me…
“The seizure of central bank deposits announced yesterday is an economic nuclear bomb. People don’t get how significant it is. Russia will revert to a barter economy within days.
Every Russian is now bankrupt. Immediately. The state can’t prop them up. What happens next is anyones guess. They could be using cigarettes as currency any day now.
We’ll find out if an army will still fight if they’re not being paid.”
I’m really hoping they’re right about how serious the actions are.
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