Bankless Fortress Russia Crumbles | Kyla Scanlon
Mar 9, 2022
Kyla Scanlon, an independent content creator focused on macro markets and monetary policy, dives into the fallout from Russia's invasion of Ukraine. She discusses the implications of financial sanctions on Russia's economy and how this affects global commodities, including surging gas and grain prices. Kyla also explores the intricate relationship between Russia and China, the psychological state of the crypto market amidst economic uncertainty, and the potential for stagflation. Her insights shed light on the evolving landscape of geopolitical tensions and their economic consequences.
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Putin's Miscalculation
- Putin likely underestimated Ukrainian resistance and overestimated the ease of invasion.
- His frustration with the war's progress is concerning, as it may lead to unpredictable actions.
War Trajectory
- Russia's ability to finance a prolonged war is questionable due to economic sanctions.
- Ukraine remains steadfast, but negotiations are complex, with Putin's demands threatening Ukraine's sovereignty.
Economic Sanctions
- SWIFT sanctions restrict Russia's communication with financial institutions, hindering payments and trade.
- Sanctioning the Russian central bank froze half of its assets, leading to a 20% interest rate hike to support the ruble.