Attack On Europe: Documenting Russian Equipment Losses During The 2022 Russian Invasion Of Ukraine

ORYX ^ | Since February 24, 2022 and daily | ORYX

[BeauBo]

“can’t stabilize its currency with gold”

At current burn rates, Russia will expend both its remaining financial and gold reserves, around Christmas.

They are likely to take measures to drag that out (their Central Bank has frankly done a great job managing very difficult pressures so far), but the bottom line is that financially, they are running out of bullets. They will be forced to rely more on the ruble printing press and IOUs.

Analysts will be able to see those trends coming, from outer space. Nobody wants to be stuck holding a bunch or rubles if/when the bottom falls out.

[BeauBo]

(The Russian Ruble) “Down almost 35% year/year.”

It is down even a bit more against the Chinese and Indian currencies.

Another consideration, looking at Russian finances (in addition to non-Defense GDP and currency valuation), are the massive liabilities they are accumulating for future reparations.

If they have to pay for what they have broken, it would likely be a few percent of GDP, for many years - like a generation’s worth of growth in the standard of living.

I would not be surprised if they have done more than a trillion dollars worth of damage, and their whole GDP is less than two trillion annually.

[blitz128]

Amazing the details they seem to forget or overlook. Like sanctions didn’t come out of thin air like the threat of NATO attack did, but I expect no less for them