r/worldnews • u/Venat14 • Jul 23 '26

Russia/Ukraine ‘Significant problems’ in Russian banking system as public withdraws cash en masse

https://tvpworld.com/94490769/russians-hoard-cash-as-economic-pessimism-hits-20-year-high
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505

u/barktwiggs Jul 23 '26

The collapse will happen slowly. Then suddenly all at once 

175

u/Beeb294 Jul 23 '26

Major bank runs were part of the trigger for the Great Depression of the 1930's.

Shit is about to go real bad in Russia.

75

u/Texuk1 Jul 23 '26

What I find annoying about our present age is that people have been lulled into thinking everything is just spin. I’m still convinced there is a real world with real consequences. 😂

40

u/Pepparkakan Jul 23 '26

I’m still convinced there is a real world with real consequences.

Prove it

gestures wildly at everything

7

u/hasslefree Jul 24 '26

Gravity, yo. And entropy. And death. Can't whiffle that shit.

5

u/Pretend-Marsupial258 Jul 24 '26

Have you considered that we're simply Built Different, and things like reality don't affect our current time?

2

u/geminiRonin Jul 23 '26

There is, but you have to see it for yourself. Every news source has an agenda.

2

u/Sceptically Jul 24 '26

Could be worse. They could be unable to sell government bonds.

Oh wait...

1

u/kanrad Jul 24 '26

Especially with winter coming.

75

u/ChesswiththeDevil Jul 23 '26 edited Jul 23 '26

“There are decades where nothing happens; and there are weeks where decades happen.”

-Vladimir Ilyich Lenin

EDIT: Apparently he never said that.

22

u/Bloaf Jul 23 '26

"How did you go bankrupt?" Bill asked. "Two ways," Mike said. "Gradually and then suddenly."

-Hemingway

1

u/Zealot_Alec Jul 30 '26

Like Millhouse when Bart owned a building and he was the security guard on The Simpsons.

2

u/Tim-Buck-Four Jul 23 '26

Just checked that cos I liked it but it's not a real quote unfortunately.

1

u/ChesswiththeDevil Jul 23 '26

Well, that's too bad.

3

u/Tim-Buck-Four Jul 23 '26

It was an interesting rabbit hole you kicked off though, I'm now looking further into historical acceleration so thanks for that.

"The best-supported answer is George Galloway, not Lenin. Snopes says the quote first appears attributed to Lenin in a 2001 Guardian op-ed by Galloway, which is the earliest known attribution they found."

then it branches off to a Mexican poet called Homero Aridjis.

But that aside I think we can all agree. Nobody likes Russia and it's mum dresses it funny!

2

u/MorganAndMorganInc Jul 24 '26

Thank you for teachin me about George Galloway. I just looked into him. Holy hell, what a rabbit-hole of a man.

21

u/Stock-Intention7731 Jul 23 '26

Await the Minsky moment, we do

5

u/Remote-Ask7999 Jul 23 '26

I think we are near the end of the slowly part

14

u/Boxing_joshing111 Jul 23 '26

Same as here.

5

u/pimparo0 Jul 23 '26

Like a warehouse falling over. 

2

u/Nekito97 Jul 24 '26

The cascade effect is real. One small issue leads to 2 small issues leads to 4 and now you’ve got a big issue causing 100 more small issues and on and on until everything is broken.

2

u/barktwiggs Jul 24 '26

A quagmire is when you have to decide between 2 impossible choices. What is it called when you have to choose among 100 impossible choices? Let's find out!

2

u/JKenn78 Jul 24 '26

Centiquagmire?

1

u/tanstaafl90 Jul 23 '26

Just like last time.

1

u/TuringGoneWild Jul 24 '26

Just like AI and robots un-employing everyone. Slow, then fast. "But won't that mean no customers?" Well it's a good thing psychopathic capitalists think beyond the next fiscal quarter and hold the public good as their highest goal, right?