10 months ago

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Porkopolis Economics: Episode 170

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Porkopolis Economics covers macroeconomics, money, and sports from the creator of the Crypto Voices podcast, Matthew Mezinskis.

In this episode, Matthew provides an in-depth analysis of Russia's monetary sector, debt, and the resilience of the ruble amidst economic challenges stemming from sanctions and the ongoing invasion of Ukraine. He explores the collapse of Russia's foreign debt post-2022 default, the role of gold reserves in stabilizing the currency, and how Russia’s reliance on foreign currency reserves has diminished.

This comprehensive breakdown offers crucial insights into Russia’s financial landscape and the global economic implications.

Contents:
00:00:11 - Russia's Debt and Currency Woes
00:07:57 - Russia's Debt Crisis: Excessive Money Printing Fuels Debt Burden
00:10:22 - Foreign Currency Reserves and Monetary Policy
00:12:26 - The Role of Russia's Foreign Currency Reserves
00:14:56 - Russia's Monopoly on Oil and Gas
00:16:40 - The Importance of International Reserves and Neutral Currencies
00:22:28 - The Limits of Currency Reserves and the Rise of Alternative Assets
00:23:56 - The Limits of International Reserves
00:25:03 - Comparing Russia's Debt to US Debt
00:27:01 - Russia's Debt Burden and Ruble Resilience
00:29:06 - Russia's Debt Crisis and the Rise of Gold and Bitcoin