Swedish intelligence said Russia has been covering up a weak, debt-driven economy hit by war costs and sanctions, warning of rising inflation and banking risks.
You gotta read past the headline with these. I’ve been reading the same headlines for years as well, but when you read the article itself its very often about something specific and if they make predictions they have been pretty accurate so far.
The headlines are decided by the editors of the publication and is designed to get clicks, as I’m sure you know. I also knew this, but it really was made clear with these “russia is on the brink of collapse” headlines.
And what comes to the difference between you being broke and country being broke… the country doesn’t really get to a point where theres no money at all. They will always have some from taxes and whatnot. But there will come a time when they can’t afford to do certain things. Keep buying drones from china, keep roads maintained, health clinics running, keep fire engines maintained and working… Thats when the collapse starts to happen. The country will still have some money, but when enough stuff stops working, people will stop working and find something else to do.
You gotta read past the headline with these. I’ve been reading the same headlines for years as well, but when you read the article itself its very often about something specific and if they make predictions they have been pretty accurate so far.
The headlines are decided by the editors of the publication and is designed to get clicks, as I’m sure you know. I also knew this, but it really was made clear with these “russia is on the brink of collapse” headlines.
And what comes to the difference between you being broke and country being broke… the country doesn’t really get to a point where theres no money at all. They will always have some from taxes and whatnot. But there will come a time when they can’t afford to do certain things. Keep buying drones from china, keep roads maintained, health clinics running, keep fire engines maintained and working… Thats when the collapse starts to happen. The country will still have some money, but when enough stuff stops working, people will stop working and find something else to do.