BoldonLad
Old man on a bike. Not a member of a clique.
- Location
- South Tyneside
Couldn't he (Putin) just adopt Modern Monetary Theory, print whatever money he needs and fund the necessary weapons etc?
War with Russia
- Thread starter Milzy
- Start date
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Couldn't he (Putin) just adopt Modern Monetary Theory, print whatever money he needs and fund the necessary weapons etc?
UglyWithaSidePart
Regular
I imagine he could do lots of things, but Kremlin officials are speaking out, not very long ago they'd be out the top window for this. Things are changing. Maybe we should have a new thread on the likely implosion of Russia (again!), I'd put £50 on it anyway.
Pinno718
Legendary Member
The ICC put out a warrant for Putin's arrest on charges in 2023.
Pinno718
Legendary Member
But that causes inflation.
He's trying to bring in a law that converts any savings above (IIRC) £20k into govt. bonds without any choice. That's why an awful lot of cash has been withdrawn recently and this will affect the banking system.
Psamathe
Legendary Member
Wasn't that for (allegedly) abducting Ukrainian children rather than attacking civilian targets.
I wonder if it might encourage more countries to impose tougher sanctions were ICC to add charges.
Assuming my memory of the 2023 charges is not incomplete.
icowden
Pharaoh
And who is going to accept his devalued and unstable currency in exchange for weapons or raw materials?
Nobody.
The more his economy crashes, the more he has to fall back on valuable raw resources such as oil. Which is why Ukraine is stopping his oil and gas production. China takes the majority of Russian exports, but they are rapidly building renewable infrastructure to cut ties with the Kremlin. Other countries are trying to do the same - albeit more slowly.
