AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Fall of the USSR
Since the collapse of the USSR in 1991, Russians have lived through price controls, rapid privatization and hyperinflation. A massive pyramid scheme called MMM attracted 40 million investors with a promise of a thousand percent annual interest. The pyramid collapsed within months, robbing millions of investors of their savings. Around 50 investors committed suicide in desperation but angry investors went on the streets to demand his release.