|

The Shocking Truth About Russia

The Russian drama seems to intensify with each passing hour.

I certainly have my opinion on the matter, as, no doubt, do you. But it’s not my opinion that I want to share with you today. Instead, I want to share two charts that may well shed new light on recent events…

Here’s the first. I warn you, it’s shocking.

As you can see, Russia’s workforce growth rolled over around 2010 and now faces one of the steepest collapses I’ve seen in any country!

Demographically speaking, Russia is up the creek without a paddle. It’s already experiencing tremendous economic pain and faces a worsening situation with each day that passes.

Here’s the second chart, equally shocking…

This is Russia’s spending wave. It looks like a cross section of the Ural Mountains that run through the west of the country. And it’s going to devastate the country’s economy for decades to come… over and over and over again.

In short, the country is in dire shape and it’s led by a megalomaniac who’s desperate to show strength to hide the reality that there is none. It’s like a scrawny, weak, cartoon character who’s wearing an inflatable muscle suit (both Putin and Russia!).

Russian possible interference in our political affairs, and its “silent” invasion of surrounding territories, are desperate attempts to escape its demographic destiny.

There’s also an attempt by the country’s oligarchy to grab has much power and wealth as they can before the wheels come off.

In a July 16 interview on CNN, William Browder, co-founder of a firm that at one time was the largest foreign portfolio investor in Russia, talked about the country’s top-down, mafia-like oligarchy of 10,000 people who have all the money and power. He estimates Putin’s net worth, taking a cut off of this oligarchy, at around $200 billion – twice that of Bill Gates. He makes Chapo, the Mexican drug lord, look like a chump!

Putin is the Godfather of Russia. He benefits from the top-down communist system.

That makes him dangerous!

The country is a ticking time bomb.

Author

Harry S. Dent, MBA

Harry S. Dent, MBA

Dent Research

Harry S. Dent Jr. studied economics in college in the ’70s, but found it vague and inconclusive. He became so disillusioned by the state of his chosen profession that he turned his back on it.

More from Harry S. Dent, MBA
Share:

Editor's Picks

EUR/USD pops to yearly highs near 1.1770

EUR/USD rapidly reverses course and hits fresh YTD tops near 1.1780 at the end of the week. The pair’s U-turn comes on the back of the intense sell-off in the Greenback amid the generalised risk-on context.

GBP/USD climbs to four-month tops near 1.3600

GBP/USD is building on its solid weekly advance and is pushing toward the 1.3600 hurdle on Friday, or new four-month peaks. Cable’s strong move higher comes as the Greenback intensifies its decline, while auspicious results on the UK calendar also collaborate with the uptrend.

Gold picks up pace, approaches $5,000

Gold prices keep their uptrend well in place and gear up for an imminent hit to the key $5,000 mark per troy ounce on Friday. The yellow metal’s sharp advance gathers pace amid the increasing weakness in the US Dollar and mixed US Treasury yields across the curve.

Swiss bank UBS Group mulls Bitcoin and Ethereum offering for select private clients

UBS Group AG plans to offer crypto investment services to select private clients. The offering will allow clients of its private bank in Switzerland to buy and sell Bitcoin and Ethereum.

Week ahead – Fed and BoC meet amid geopolitical upheaval and Trump’s Fed pick

Fed to likely go on pause after three straight cuts. BoC is also expected to stand pat. But will Trump steal the limelight by revealing his Fed chair nomination?

Bitcoin slips below $90,000 as Trump's tariffs swing, ETF outflows pressure price

Bitcoin price struggles below $90,000 on Friday, correcting nearly 5% so far this week. Trump’s Davos speech on Wednesday, backing away from imposing further tariffs on the EU, triggered market volatility and risk-on mood.