Originally Posted by kingston
Originally Posted by WTM45
Putin will destroy the puppet government. Russia has demonstrated their ability to crush holdouts.
The cry for UN support by Kyiv may go unanswered, as a major escalation would result.
Putin has not pressed the accelerator yet.

Watch the oil markets. Russia is making bank due to Biden's moves here in the US.
Sanctions?

https://www.reuters.com/markets/europe/russias-oil-gas-revenue-windfall-2022-01-21/



They're flush coming out of 2021.

IRFUBAR mentioned that Russia was stockpiling gold reserves.

It seems their actual position might be a bit murky.

https://edwardslavsquat.substack.com/p/russias-gold-reserves-the-good-the?s=r


Was open knowledge around 2018 they had purchased and built up a larger gold reserve than China.
Seems their debt was less than their GDP recently. Enough so that they only owe apx. 1 months salary per capita all workers.
Now, the imposed sanctions might cause a default of their debt bond payments.

Will this be where Bitcoin gets crushed?

It is quite a fluid scenario being played out before us.