Russia's Banks are Now Preparing for Sudden Collapse

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Russia's war against Ukraine has cost the Kremlin far more than they ever expected. Now, Russia is dramatically increasing their military budget, at the same time that they have failed yet another bond auction. Russia needs cash more than ever, but has few options to get it - and there may be little that Vladimir Putin can do. In this video I talk about the economic factors of the war in Ukraine, how Russia is hiding its military spending, and why the Russian economy is buckling under the strain of the war.

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