Russian invasion of Ukraine

Genuine question.

All the initial reports were saying Putin had made contingencies for the economic backlash, are you saying they're greater than he anticipated and the Russian economy is in real danger of toppling over?
I believe he thought he would face similar toothless sanctions to what he faced when he invaded Georgia and annexed Crimea. There’s not a chance he expected exactly what he’s facing right now.

The economy is shagged, absolutely shagged. Our analysts are basically righting off anything based in Russia.
 
Genuine question.

All the initial reports were saying Putin had made contingencies for the economic backlash, are you saying they're greater than he anticipated and the Russian economy is in real danger of toppling over?
They were saying on newsnight that it doesn't matter if he amassed wealth because he can't do fuck all with it. It's like having a million quid on a desert island.
 
I agree, that is correct in the here and now. My point was more aimed at the future I suppose, 20 years down the line, that we could possibly start to see a shift in global reserve. E.g. the dollar has constricted ~17% (71% to 59%) of the global reserve in 20 years while China is a very new player due to their weird domestic currency laws, but grows steadily year on year (currently only ~3%, as i say this is biased by the fact they continue to hold currency domestically). China's economy is huge so you feel they have a lot more to offer.

Anyway, my point was also that we may begin to see the required structures being put in place for a decoupling of the global economy into two systems, something long predicted as China has proclaimed to want to look more domestically. I think that will all depend on 3rd parties outside of Russia/China.
I believe the last two leaders to seriously try and get a rival currency to trade for oil with we’re Sadam Hussein and Ghaddaffi and neither lasted 24 months following that.
 

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