Topic: The Russian economy is on the verge of collapse. What to expect? - page 3. (Read 507 times)

Its also what happened in Libya. Gadafi like Putin understand how to rule a country and without him, there could be chaos and look what Libya is today?

They tried changing the leader in the country and theres a mess. And are the people there regretting? Yes.  They regret listening to the destabilizers. Now people are sellling kids for food, slavery in the country is rampant.


US is in verge too. If Biden wouldnt declare military law, people in US will shot each other, homelessness, Asian hate in the country spreads. Rob stores in daylight and all these are already is happening.

Theyd really need to change the goverment or replace Biden with a strongman like Putin.

Dictator is not a bad word centuries ago, leaders were proud to be called Dictator centuries ago. Its only today that we have another view of this word. Who decides its bad to be a dictator?

I don't see it happening but if the terrorists succeeds provoking this war which will result in Russia to prohibit the use of the infrastructure of the Russian financial market for any operations with cryptocurrencies, as well as to prohibit financial institutions from investing in cryptocurrencies and related instruments.
 
I think it is going to have little impact on the market, already six billion rubles is out of the market and even more is going to go out, it is not really a great new for crypto in my opinion.

Good thing it is not just the Russians that are using crypto currencies, I think it would just be short term effect in the market even they totally banned all crypto related transactions and Business. Large scale War on the hand is hardly to be expected, as the these top 3 Powerful countries (China, USA, Russia) would be waiting on who will fight among themselves, while the other is waiting to fight the wounded. They would not go expending much, unless there is a greater cause like oil popping up were it could power the Nation for centuries.
I feel bad for the people of Russia who are making money out of crypto, especially this time were this Pandemic hits World with long term effects negative in our economy.

From past experience, we can see that the Western blockade on Russia could have a significant effect.  In 2014, Putin's aggressive plans were thwarted by the blockade.  Through this blockade, Russia is losing $50 billion in economic growth every year.  But in spite of all this, Russia has not given up its aggressive attitude but is increasingly moving towards its neighboring states.  It is clear that Putin has mastered his power and is not worried about aggression in Ukraine.  Putin will at any cost prevent Ukraine from joining NATO, even if it means using military force.  However, Russia has denied the allegations in a statement issued Friday stating "Similar, baseless allegations concerning Russia's intelligence have been made more than once.  Russia's foreign minister has compared the current situation to the 1962 Cuban Missile Crisis.  On the other hand, according to Western intelligence, Russia's invasion of Ukraine could begin as early as 2022.

Russian crypto ban already impacts the market negatively. But I do not think it could do any damage like the chain did last year.

I understand your sentiment towards Russia because I'm also (not sure about you, but assuming based on previous encounters here) from Ukraine, but only around 12% live in poverty in Russia,  which is significantly lower than estimates about Ukraine. There also doesn't seem to be evidence that incomes are falling, and, overall, while Russia is investing into the potential war, I don't think it's currently a threat to its economy (not without those heavy sanctions that will hopefully follow in an even of the invasion). As for the proposal of their Central bank, I don't think it's for preventing withdrawals of funds, actually, because it's mentioned that even if this proposed bill is passed, people will be allowed to use offshore accounts with cryptos. I think its economy will suffer if sanctions are introduced, and I believe Russia can benefit from cryptos if that happens, but the effect on the whole crypto market shouldn't be devastating.

If you ask a Cuban about how do they feel about Castro regime they will tell you "no nos podemos quejar". This is an expression that often means "we cannot complain", meaning that things are all right. However, there is an obvious double entendre on this one, meaning we cannot complain - as we are not allowed to. I think that is the state of things in Russia. "You cannot complain".

Putin touches the right buttons on the Russian cultural pride and sense of a being a superior country and it seems to work well with a large part of a population. You can be poor or you can struggle economically, but at least you are Russian and thus better. And this works until you are hungry and no longer feel superior, see Roman Empire decline, Germany after WWI, the USSR itself,...

Even Russian economists have already calculated that in the event of an invasion of Russian troops into Ukraine and the introduction of already prepared tough sanctions against Russia by the United States and Europe, the Russian ruble will fall by at least 20 percent. Most likely, this is even a very optimistic forecast. After all, if sanctions make it impossible to make payments in dollars at the international level, this will lead to the collapse of the Russian economy. Anticipating the possibility of such a situation, previously invested foreign investments leave Russia en masse. The Putin government, with its reckless expansionist policies, has brought the country to a major dead end on all fronts. A ban on the use of cryptocurrencies will not correct the situation. Capital is leaving and will definitely leave Russia. If Putin does not give up his desire to forcibly recreate the Soviet Union by practical actions, any of his actions can lead to very serious consequences and the collapse of the Russian Federation.

They're probably against it but given how censorship driven the country is and the government are against the people being against their will, I am pretty sure that they're going to agree with it nonetheless. They're not going to easily collapse but I am pretty sure that when it happens, they're going to find a way for the people to work for it instead of them. The current Russian government is openly corrupt so no wonder that they're facing a financial collapse.

Putin is a crazy dude who is difficult to read even by people close to him which is why I wouldn't be surprised if he actually told his 1 lakh troops to start fighting even if it means screwing Russia in the long-term.

He could also simply be trying to put up smokescreen just like in the past in order to acquire more power in Eastern Europe which is certainly possible considering how countries like US, UK etc are currently reacting to this move.

Also, Russia could end up banning cryptocurrencies completely, but this would just cause a short-term impact on the cryptocurrency market in my opinion.

Russia is not going to war. I don't think the Chinese who invested more of the lands in the US will like it. Some big businesses in US are now owned by the Chinese, they'd rather stand along by playing a long game here by improving their economy since Germany is on thier side now with thier joint project like the oil pipeline. While on the other side of the world oil prices will double, on thier side, it could be cheaper. All of them are interested in the Chinese Belt and Road too, so that might just be the strategy.

I'm really curious about how Russians feel about the impending invasion of Ukraine.

Its been the same story with russia for many years now. The united states, EU, UN and NATO seek to keep russia contained. Strict economic sanctions are imposed on russia to make them dependant on china as an economic trading partner. China pretends to be russia's friend so they can get close to russia and steal all of russia's advanced military technology.

Russia rattles its saber and makes threats. Whether its russia threatening to invade sweden, russian bombers flying near to alaska, russian military ships sailing to within 30 miles of hawaii or troop build ups on ukraine's border, its all the same. So far they have all been empty threats for near to 10 years.

Whether or not that will change in the future, remains to be seen.

The EU and most european nations have weak militaries and rely primarily on the united states for safety. If american inflation rises, it could diminish the united states ability to function as global police. Which could leave many parts of the world undefended if an economic crisis occurs. If russia does attack, the best time to do so, could be in the event of an american economic crisis.

There are many pieces of the puzzle and they are all moving at the same time. Which makes it hard to say what the future will look like.

As you know, now Russia is building up huge amounts of weapons and manpower on the borders of Ukraine, and according to available information, the plans of the terrorists from the Kremlin are to create a provocation (similar to the provocation of Nazi Germany on the border with Poland in 1939, and the USSR on the borders of Finland) , or casus belli, with a high probability plans to continue, but already on a global scale, the war in Ukraine. The US and the EU, as part of containment, announced very harsh sanctions, which, in the event of the start of such actions, will be applied to Russia.

After this news, and in light of the activities of the US, Britain, the EU, this week, the Russian budget has already lost about 2 trillion rubles, due to the fall in share prices, the collapse of stock exchanges and other reactions of the financial market to potential risks.

At the same time, given the difficult, tense situation within the country (total poverty of the population, falling incomes, destruction of social infrastructure, etc.), the Central Bank of Russia came up with the following initiative: "It proposes at the legislative level to prohibit the use of the infrastructure of the Russian financial market for any operations with cryptocurrencies, as well as to prohibit financial institutions from investing in cryptocurrencies and related instruments."

For what ? In order to block one of the most convenient channels for withdrawing funds from the "sinking ship" to other jurisdictions, which will further worsen the position of the strange terrorist.

What economic problems do you think real sanctions will lead to if the Kremlin's plans to start a large-scale war come true? How will this affect the crypto market as a whole?

PS. In the meantime, without waiting for the ban "More than 6 billion rubles were withdrawn from Binance after the idea of ​​the Central Bank to ban cryptocurrency
A crypto investor transferred USDT stablecoins to an unknown address. Transaction detected by Whale Alert"