Well, it's kinda interesting.....the statement read this morning says that the whole economy/business models.....have to be revamped.
It was a fair amount of chatter....basically saying X, Y and Z won't function anymore, and something new has to be created by mid-summer.
I sat there....thinking over this.
Russia is one of those countries with an abundance of economists. I'll wager that there more than 100,000 graduated individuals claiming the title of economist. Based on chatter I heard five years ago......it's like three women for every male in the profession (if this Russian comment was correct).
So, how would such an economy work?
Would you just go to farmer Joe and say produce X, and later make up a profit number for him?
Would you manufacture three extra Rubles for every six realistic Rubles?
Would you cut everyone's pay by 3.5-percent?
For some reason, I just don't see this going far.
Putin sitting there and listening to more than eight minutes of this? I doubt that as well.
The Oligarch community shaking their heads? How could you invent some economy that can't function with anyone other than China?
This is the moment you'd pull out your stash of vodka/whiskey and sip a liberal amount for the next week or so.
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