I know this is probably far down Russia’s current list of priorities, but it means that adapting to be a country that provides the export of technical services globally becomes challenging.
It will also make the IMPORT of global services (if anyone agrees to it) more expensive if they have to suddenly do it in some other obscure (likely inferior) product.
And these mandates are put out with out regard to realistic estimates of if/when domestic software can be produced 🫠 (while also spurring more of the people needed to create it to leave)
Russia is trying to convince the world can suddenly and simultaneously recreate innumerable amounts of software from multiple countries that have years of development experience, while also not REALLY receiving much if any state support.
While it’s possible for them to maybe achieve limited success on certain software if provided with the necessary resources, the magnitude of what they project/would like to achieve FAR outweighs the resources available to achieve those goals in the time frame allotted.
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I just read an interview that was terrifying in the shear number of lies it told and possible signals it might be sending for the future 😱
I’m not quite sure how to respond to it yet, because in order to understand the massive lies, to see the warning signs I’m seeing, you’ll have to have read a lot of my threads in ADVANCE.
And I’m not sure that many people have time/attention span.
As you may have noticed, I’m not someone who gets very worried without reason. So some of you can probably guess what the topic is that ACTUALLY worried me.
So, a few things to keep in mind specifically as we go through this.
I’ve written several threads where we’ve seen that the Russian economy is not doing well.
I did that whole thread about the 3 phases of the economy and we’re now in Phase 3.
The Russian government’s expenses continue to increase. We see them
- Cutting Budgets to fund the war
- Increasing sources of revenue (taxes, fees, anything they can)
- Drawing from the Liquid Assets of the National Welfare Fund
I expect this thread to be long (not the longest ever by my standards) but it will take a little while to explain it so you understand what is going on.
So remember you can use your bookmark.
Also, I’m going to be writing and posting it as I go, so it not over until I tell you it’s over.
I still can’t access the Russian Ministry of Finances website
👉
But I decided to use what data I still happened to have to make some charts to reflect what has happened to the funds!minfin.gov.ru/ru/
*DISCLAIMER: Here is what the spreadsheet looks like. You’ll notice that there is typically a small amount (comparatively speaking) of rubles in the liquid assets.
I can’t confirm what is there anymore so I left them off, but just know that there is something there
I made this chart back to January 2021 to show all the currencies that Russia used to have in their liquid assets. Everything (besides gold) is in Billions of the stated currency.
Currently Russia only holds Gold & Chinese Yuan, plus some rubles in the NWF Liquid Assets