Russia's Economic Crisis is Worse Than You Think - Paul Warburg

[TexasTowelie]

When it comes to Russia's war against Ukraine, the economic devastation in Russia is undeniable. And yet, Russia is doing all they can to deny it. Officially, the Kremlin touts strong GDP growth in Russia, despite the war, as a sign of a strong and flourishing economy. But behind the scenes, when one actually looks at the balance sheet, there's a different picture forming.

In this video I take a close look at the Russian economy, including their inflation, the collapse of the ruble, their declining war chest, and where Russian "GDP growth" is really coming from. The question is, how long can Russia continue to fund their invasion of Ukraine?

[blue-wave]

1. All the more reason to

pass the Sen. Blumenthal/Sen. Graham sanctions bill. Russia would not have the ability to financially support the war if this bill is passed. It would put 500% sanctions on countries that purchased Russian goods. China and India, in particular, would be scrambling to find alternate energy sources.