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218 - Russian sanctions & Wartime speculations

The David McWilliams Podcast

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The Russian Central Bank's Foreign Reserves Are Basely Your War Chest

The west needs to asphyxiate the russian economy and hit puten hardest in the oligarchs pockets, he says. But what it's going to do is its going to say to would be oligarchs that the ancial muscle of the west, we might not have the willingness to fight, but we can make you poor. The long term consequences of that are instability in your own country. And the long term consequence of that is your inability to think over a couple of years about economic stability, which all dictators need to stay in power.

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