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Russian Economy Collapsing as Citizens Empty ATM’s and Bank Accounts

Putin failed to heed the warnings regarding sanctions, and now the Russian people are suffering mightily.

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Vladimir Putin, once a man feared for his cunning and his savvy geopolitical understanding, has been reduced to a joke – even in the eyes of his own people.

Putin’s foolish attempts to take the sovereign nation of Ukraine were poorly calculated, both militarily and in realm of optics, as the rest of the civilized world appears to be turning against him in a hurry.

This has led to a number of devastating sanctions being placed on Russia’s banking and financial systems, which, in turn, has Russian citizens fearing for the future of their economy.

Ordinary Russians faced the prospect of higher prices and crimped foreign travel as Western sanctions over the invasion of Ukraine sent the ruble plummeting, leading uneasy people to line up at banks and ATMs on Monday in a country that has seen more than one currency disaster in the post-Soviet era.

The Russian currency plunged about 30% against the U.S. dollar after Western nations announced moves to block some Russian banks from the SWIFT international payment system and to restrict Russia’s use of its massive foreign currency reserves. The exchange rate later recovered ground after swift action by Russia’s central bank.

And these sanctions were simply enormous, in terms of the actual cash effect.

But the economic squeeze got tighter when the U.S. announced more sanctions later Monday to immobilize any assets of the Russian central bank in the United States or held by Americans. The Biden administration estimated that the move could impact “hundreds of billions of dollars” of Russian funding.

The move comes just after Putin announced another big bluff:  Putting his nuclear deterrence force on “high alert”, citing previous western sanctions.

 

Opinion

Republican Turnout far Exceeds Democrats | Schaftlein Report

Guest: Jeffrey Dunetz – LidBlog Author ( LidBlog.com )

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Republican Turnout far Exceeds Democrats | Schaftlein Report
—————————-
Guest: Jeffrey Dunetz – LidBlog Author ( LidBlog.com )
Topics:
1) Democratic turnout increase by 3% while Republican gains were 38%
*GOP is up on the Generic ballot by a range of 4-8%
2) In Georgia where Biden claimed “Jim Crow laws to prevent voting among minorities”, there is record turnout – Another Democratic lie exposed for the fraud they portray
3) Oz leads McCormick by 1,240 votes with mail in ballots still being counted – The lead is shrinking
4) Speculation about Biden not running in 2024 grows – Why would he – His presidency has been a total failure
*His approval rating is at 36-39%
5) Russian colonel on state TV says the war is lost in a stunning revelation
6) Russian Denazification is total propaganda and hypocrisy
7) China is in discussion with Russia to buy discounted oil
8) Gas prices hit an average of $4.59 today the highest ever
a. Mortgage demand plummets as rates on mortgages rise to highest level in 13 years
b. Initial jobless claims increase to 218K to touch highest level since January – It is still very low as jobs are plentiful
9) DHS “pauses” the Disinformation Board – For now?
10) Musk claims Democrats are the party of division and hate – We agree

https://rumble.com/embed/v12psp7/?pub=4 Republican Turnout far Exceeds Democrats | Schaftlein Report —————————- Guest: Jeffrey Dunetz – LidBlog Author ( LidBlog.com ) Topics: 1) Democratic turnout increase by 3% while Republican gains were 38% *GOP is up on the Generic ballot by a range of 4-8% 2) In Georgia where Biden claimed “Jim Crow laws to prevent voting among minorities”, there is record turnout – Another Democratic lie exposed for the fraud they portray 3) Oz leads McCormick by 1,240 votes with mail in ballots still being counted – The lead is shrinking 4) Speculation about Biden not running in 2024 grows – Why would he – His presidency has been a total failure *His approval rating is at 36-39% 5) Russian colonel on state TV says the war is lost in a stunning revelation 6) Russian Denazification is total propaganda and hypocrisy 7) China is in discussion with Russia to buy discounted oil 8) Gas prices hit an average of $4.59 today the highest ever a. Mortgage demand plummets as rates on mortgages rise to highest level in 13 years b. Initial jobless claims increase to 218K to touch highest level since January – It is still very low as jobs are plentiful 9) DHS “pauses” the Disinformation Board – For now? 10) Musk claims Democrats are the party of division and hate – We agree

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Opinion

Empire State Goes Tyrannical with Social Media Spying Plan

This is NOT okay.

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There are plenty of ways in which American politicians can react to a tragedy, with a great many of those options being a bit shortsighted.

This is especially true of Democrats, it seems, as their innate progressivism makes them uniquely obsessed with change for the sake of change – even when those changes may be constitutionally questionable.

The latest example of this comes to us from New York, where a racist massacre at a grocery store has the state government looking to spy on citizens’ social media accounts.

New York Gov. Kathy Hochul (D) on Wednesday announced plans to create a police unit designed to, in part, combat “hate speech” in the wake of the tragic shooting in Buffalo, promising to “confront this epidemic head-on.”

“We’re proposing a comprehensive plan to combat domestic terrorism, strengthen state gun laws, & investigate social media platforms promoting violent extremism,” Hochul announced Wednesday.

“In wake of the racist act of terror in Buffalo, New York will lead the charge to confront this epidemic head-on”.

The devil was in the (lack of) details:

One of the governor’s executive orders instructs the State Police to establish a “dedicated unit within the New York State Intelligence Center (NYSIC) to track domestic extremism and increase social media monitoring at the Intelligence Center.”

“The unit will be responsible for developing investigative leads based on social media analyses focused on radical extremist activities motivated threats by identifying online locations and activities that facilitate radicalization and promote violent extremism,” it reads in part.

Without any clear or concise guard rails, those employed within the unit would be left to examine any number of questionable pieces of alleged “evidence”, tagging and cataloging completely harmless users in the sort of overreach that would have George Orwell not only rolling over in his grave, but kicking at the lid of his coffin as well.

There are plenty of ways in which American politicians can react to a tragedy, with a great many of those options being a bit shortsighted. This is especially true of Democrats, it seems, as their innate progressivism makes them uniquely obsessed with change for the sake of change – even when those changes may be constitutionally questionable. The latest example of this comes to us from New York, where a racist massacre at a grocery store has the state government looking to spy on citizens’ social media accounts. New York Gov. Kathy Hochul (D) on Wednesday announced plans to create a police unit designed to, in part, combat “hate speech” in the wake of the tragic shooting in Buffalo, promising to “confront this epidemic head-on.” “We’re proposing a comprehensive plan to combat domestic terrorism, strengthen state gun laws, & investigate social media platforms promoting violent extremism,” Hochul announced Wednesday. “In wake of the racist act of terror in Buffalo, New York will lead the charge to confront this epidemic head-on”. The devil was in the (lack of) details: One of the governor’s executive orders instructs the State Police to establish a “dedicated unit within the New York State Intelligence Center (NYSIC) to track domestic extremism and increase social media monitoring at the Intelligence Center.” “The unit will be responsible for developing investigative leads based on social media analyses focused on radical extremist activities motivated threats by identifying online locations and activities that facilitate radicalization and promote violent extremism,” it reads in part. Without any clear or concise guard rails, those employed within the unit would be left to examine any number of questionable pieces of alleged “evidence”, tagging and cataloging completely harmless users in the sort of overreach that would have George Orwell not only rolling over in his grave, but kicking at the…

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