The drop in the value of the ruble portends extreme inflation unless Putin either
manages to sell bonds (which only delays disaster) or he orders merchants to not
raise their prices, which means they won't be able to resupply without eviscerating
their own personal fortunes. Putin is mortgaging the future of Russia for his
misguided war in Ukraine. Eventually, a day of reckoning will inevitably arrive, there
is no stopping it. He should withdraw and seek to reverse the sanctions so that
Russia can begin to heal.
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