Morning Jolt: Putin Flirts with Economic Suicide

On the menu today: It sounds absurd, but it's true — Vladimir Putin is now running the Communist revolutionaries' playbook on foreign investment, foreign assets, and foreign debts. History tells us this is a quick path to a massive economic calamity, but Putin appears willing to commit economic suicide in order to bring his vision of a conquered Ukraine to fruition.

Vladimir Putin, Making Russia Soviet Again

In February 1918, the Communist revolutionaries who had taken over Russia announced that they no longer recognized the debts owed by the previous government under the czar. The new Soviet government declared that it had a clean slate, and anyone who was owed money by the previous Russian government was out of luck.

The Russian government owed about $4.4 million at the time, which is about $97 million today.

Simultaneously, the new Soviet government "decided to confiscate all the assets of foreign capitalists in Russia and restore them to the national estate." The new Soviet Union ...

WITH JIM GERAGHTY March 11 2022 WITH JIM GERAGHTY March 11 2022 Putin Flirts with Economic Suicide On the menu today: It sounds absurd, but it's true — Vladimir Putin is now running the Communist revolutionaries' playbook on foreign investment, foreign assets, and foreign debts. History tells us this is a quick path to a massive economic calamity, but Putin appears willing to commit economic suicide in order to bring his vision of a conquered Ukraine to fruition. Vladimir Putin, Making Russia Soviet Again In February 1918, the Communist revolutionaries who had taken over Russia announced that they no longer recognized the debts owed by the previous government under the czar. The new Soviet government declared that it had a clean slate, and anyone who was owed money by the previous Russian government was out of luck. The Russian government owed about $4.4 million at the time, which is about $97 million today. Simultaneously, the new Soviet government "decided to confiscate all the assets of foreign capitalists in Russia and restore them to the national estate." The new Soviet Union ...   READ MORE

ADVERTISEMENT Trending on National Review 1. We Need New Thinking in the Economic Competition with China 2. Are We at War? 3. Biden Gets It Backwards on Clean-Energy Subsidies Top Stories Armond White Great Freedom Questions the Idea of Victimhood "Great Freedom" challenges today's "Love Wins" movement by recounting the lost radicalism of the gay-liberation ... Caleb Dalton Why Public Universities Shouldn't Force Religious Clubs to Have Non-Religious Leaders College administrators should have no place in setting requirements for the leaders of student ... NEWS Biden Administration to Warn Mexico That Relaxed Border Policies May Cause Migrant Surge The administration plans to lift the Covid-inspired Title 42 policy that allowed agents to immediately expel ... Jim Talent America Needs More Submarines No effort should be spared to build more submarines — or to make sure those we have can stay in the ... Michael Brendan Dougherty Little Big Fella Volodymyr Zelensky will move very quickly from being the man who stood up to Vladimir Putin to the man who ... NEWS Jussie Smollett Sentenced to Five Months in Jail for Staging Fake Hate Crime 'You've been lying and lying and lying about this case,' Judge James Linn told the actor. ADVERTISEMENT PODCASTS Episode 57: The Second to Plead... Episode 214: 'A Blob of Orwellian... PHOTOS Russia-Ukraine Conflict MiG-29 VIDEO Biden Administration Will... Psaki Suggests 'Horrific'... NRPLUS ARTICLES Biden Gets It Backwards on... Are We at War? ADVERTISEMENT ADVERTISEMENT Follow Us & Share 19 West 44th Street, Suite 1701, New York, NY, 10036, USA Your Preferences | Unsubscribe | Privacy View this e-mail in your browser.