transcript
show notes
Time to put on our Wall Street suits and dive into the spreadsheets to calculate the TFUM: The Total F*cked Up Metric.
The Russian Federation isn't a state anymore; it's a wildly over-leveraged hedge fund/doomsday cult run by mobsters on ponyatiya, and the universe is finally issuing a margin call they cannot afford to pay.
I track the systemic necrosis from the top down: the 21-billion-ruble daily hemorrhage of the federal budget, the purging of VEB's top economist for predicting a 1917-style collapse, and the staggering $15.2 billion capital flight currently draining the commercial banks.
I dissect the 900-billion-ruble crater of the Wildberries logistics collapse, the resulting VTB debt bomb, and how the state is press-ganging desperate sellers into the meat grinder.
Finally, a look across the border to contrast the mud of the trenches with the institutional delusion of the US military's new 80,000 PSI XM7 battle rifle. The age of the $500 kamikaze drone is here, but the Western military-industrial complex is still planning for an 800-meter duel that no longer exists.
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