Russia's Economy Is A Lie - Jason Jay Smart
      
      
The truth about Russias economy is a $446 billion fraud. This investigation exposes the secret off-budget debt Vladimir Putin uses to finance his war and reveals why that illusion is collapsing fast.
Since mid-2022, Russias corporate borrowing has surged by seventy-one percent. The Central Bank of Russia quietly recorded roughly $446 billion in forced loans directed toward war industries. This is not normal growth. A February 2022 decree ordered banks to issue preferential loans to military suppliers. Banks obey. The Kremlin spends. The illusion of resilience continues.
This shadow credit now equals almost the entire official defense budget. Inflation has climbed near ten percent. Food prices have quadrupled. Pensioners protest outside the Kremlin while real businesses collapse under interest rates above thirty-seven percent. The government claims a two-percent deficit, but if this hidden debt were counted, the real figure exceeds six percent of GDP.
These loans hide four converging risks: inflationary collapse, banking insolvency, industrial decline, and the post-war default wave when contracts end and firms fail. Each missile fired adds compound interest. Each drone strike drains another loan. The state is mortgaging its future to survive the present.
From recruitment failures in Yakutia to elite purges inside Moscow, the same arithmetic drives the crisis. Putin can silence dissent, but he cannot silence math. The numbers are unyielding: Russias economy is not strong, it is leveraged. The war is not funded by power, but by debt.
This is how empires end  not through revolution, but through receipts. Russias $446 billion war debt is the fuse burning toward the Kremlin.
CHAPTERS:
00:00  The Illusion of Strength
01:10  Cracks in the Fear
02:35  When Silence Breaks
03:40  Arithmetic of Collapse
05:10  The Secret Law of 2022
06:55  Russias Hidden War Budget
08:25  The Debt Spiral
09:40  Four Dangers Converging
10:50  The Revolt from Within
12:00  Cracks in the Regimes Core
13:10  Ukraine Strikes Back
14:15  The Economic Time Bomb
15:10  The Empire of Receipts
16:00  Call to Action