RE: Russia CBDC Going Live In 2025

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RE: Russia CBDC Going Live In 2025

reonarudo in LeoFinance • 10 months ago (edited)

The CBDC or the whole thing? Strong centralization of power under all all-mighty Czar is an old tradition in Russian society. I think the reason why Russians value strong and even cruel autocrats is how vulnerable Russia has been to invasions in history.

It's tragic that the existence of a vast strategic nuclear arsenal hasn't made them feel any more secure. Nothing like Hitler's or Napoleon's invasion of the Russia heartland can happen any longer. An enemy like that would have all their cities turned into radioactive ash before having any chance of success.

Russia will only undergo reforms when forced to, which is why its coming economic collapse is a welcome development.

10 months ago in LeoFinance by reonarudo

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taskmaster4450le 10 months ago

Russia isnt much different than anywhere else. In fact, history is littered with the same thing.

Governments, no matter what the form, always turn tyrannical. It is only a matter of how obvious the corruption is and how violent things turn.

We can go back to the Romans and the Senate there. Look at what is happening in the US. Hell, look at how that government operates.

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reonarudo 10 months ago

Russia is certainly not the only bad actor in history. However, I'm interested in the here and now because everything we're talking about is much more concrete to me than to those across the pond. Abstract arguments about government this or government that don't hold much sway.

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taskmaster4450le 10 months ago

That maybe true but when the totality of this is revealed, much of the world will be affected. To focus solely on Russia is a mistake. The West is doing their best to push this. In fact, it is looking to escalate it. World war 3 needs to be achieved to allow for government defaults.

A sovereign debt crisis is coming, something that most do not see. War is valuable as it allows for default to take place. This gives politicians someone to "blame".

That is why there is no peace with Russia. And people in other countries will realize the tyranny they are "suddenly" under.

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reonarudo 10 months ago

There is no peace with Russia because Russia can't tolerate Ukraine choosing its own destiny. The West could stop supporting Ukraine and let Russia eventually crush it, turn it into rubble, allow Russia to control all of its resources and turn those Ukrainians who manage to physically survive into cannon fodder in its next wars following intense Russification. That wouldn't be the end of Russia's push outwards and to the west as well in an effort to gain control over all of Eastern Europe. It's not in the security interests of the West to roll over and give up half of Europe just like that. Eastern Europe, including Poland, Czechia, Slovakia, Hungary, the Baltics and the rest, is part of Western civilization.

As for appeals to the realist school of international relations I have this to say: what Russia wants is incompatible with the size and sophistication of its economy. Russia is slowly bleeding to death while banging its head against a wall. When it runs out of resources to continue its campaign, there will be economic and political instability in Russia just like in the 1990s. There will be no WW III under that scenario, just another time of troubles in Russia. But there likely would be if it were to be allowed to freely rebuild and reconstitute its economy and its military.

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