Comments by "foil hat" (@foilhat1138) on "Russian money 'goes up in smoke' as Putin's war takes toll on economy | Michael Clarke" video.

@livingtribunal4110 The head of the Russian central bank Elvira Nabiullina does not share your optimism.
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@livingtribunal4110 She said the economy remained “substantially overheated.” And “Reserves of labor and production capacity are almost exhausted.” From this summer. This is Russian code for "everything is terrible but please don't throw me out a window." According to the Russian Central Bank, over $253 billion in private capital has left the country, and estimates suggest that up to one million highly skilled workers have emigrated, constituting about 10% of Russia's technology workforce and a third of its millionaires. The sanctions have also led to a significant reduction in foreign direct investment, which dropped from approximately $100 billion annually before the war to nearly zero now. Russia has the third highest inflation in the developed world, behind only Turkey and Argentina. Interest rates are already at an incredibly high 19%, and expected to be raised again before winter, the Ruble is historically low. They are bartering with goats and vegetables like it's the middle ages. But sure everything is just fine.
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