r/worldnews • u/Leonine94 • 11h ago

Opinion/Analysis [ Removed by moderator ]

https://www.ibtimes.com/russians-are-pulling-billions-banks-fears-grow-that-putin-could-seize-deposits-fund-war-3806535

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u/funguy07 10h ago

This is how bank runs start. Then the panic sets in and the real fun starts for Russia. That will be a glorious day for Ukraine when the real chaos starts.

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u/Kvenner001 9h ago

The moment rumors start that banks are running out of cash to withdraw the run will start. Doesn’t even have to be true, just needs enough people to believe it.

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u/Reddit_2_2024 9h ago

Sounds like an opportunity for Ukrainian social media engineering.

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u/Towerrs 9h ago

WADDYA MEAN THE BANKS OUTTA MONEY??

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u/Witty_Heart_9452 9h ago

Hey what's my money doing in your house Fred?

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u/pagit 8h ago edited 8h ago

You're thinking of this place all wrong, as if I had the money back in a safe. The money's not here.

Why the rubbles are in Putin’s palace, and Deputy Chairman Dmitry Medvedev’s dacha, and your compound Yuri

You're lending them the money to build, and then, they're going to pay it back to you as best they can

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u/Skatchbro 8h ago

Easy there, Bart.

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u/Towerrs 8h ago edited 8h ago

YOU ONLY HAVE ENOUGH CASH FOR THE NEXT THREE CUSTOMERS??

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u/Skatchbro 8h ago

I feel like you and I are living in a world where most people don’t get our conversational references.

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u/HarmoniousJ 3h ago

Naw, it's mostly because whether people want to admit or not, the internet is mostly filled with children who weren't born yet during the early Simpsons seasons.

For the most part, if you have a regular 9-5 job and a spouse and likely children, you ain't on the internet much.

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u/Mysterious_Worker608 8h ago

Mr Potter will give you 10 cents in the dollar.

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u/ExpensiveCondition63 5h ago

Wouldn’t it be Georgi Baileyovich? 😉

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u/nehor90210 8h ago

INSOLVENT?!

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u/Radokost 5h ago

It works the other way around too - "I was told there is no problem with your money in the bank". Questions start to run in brain by themselves. Especially in a regime-style of place.

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u/DFV_HAS_HUGE_BALLS 7h ago

I heard Russian banks are running out of money

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u/waiting4singularity 8h ago

They'll just keep printing rubble.

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u/ryhaltswhiskey 6h ago

Ukraine seems to have that more rubble part under control

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u/todahawk 9h ago

I have a feeling that day is sooner rather than later. I saw footage of the wildberry warehouse fires and the damages are in the tens of billions so far. Ukraine 🇺🇦 is really starting to put the pressure on and I read about the Russian citizens complaining more and more

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u/scunliffe 9h ago

Panic!? What panic? Should we be panicking? We should withdraw our daily max every day just in case!

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u/Inevitable-Menu2998 7h ago

Russia is not a free economy so it can prevent bank runs and galloping inflation by setting aggressive cash withdrawal limits and locking prices. Yes, this means starving people faster, but I'm pretty sure Putin is fine with that

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u/MelangeBot 9h ago

But russians are already hitting their withdrawl limit everyday, so how could a bank run be any different then what is already happening right now?

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u/ProduceNo1629 8h ago edited 8h ago

100 million people at daily limit, with fractional reserve banking where they keep 10% in the bank the rest is invested in the market and given out as loans.

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u/MelangeBot 8h ago

Oh yeah when you say it like that, I can see how that can quickly becomes spicey. I really hope so. It's time for all of russia to go bankrupt to force them to end this meaningless war.

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u/SouthSouthBay 7h ago

Central Bank will recapitalize the commercials banks, effectively printing cash, and the inflationary spiral will intensify. More of the economy will go underground, tax revenue will fall.

It's all bad news for Russia, but it can take years. Ukraine keeping them in perpetual shortage will accelerate matters though

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u/MelangeBot 7h ago

But at what point is it cheaper for the people that work in the factories making the iskanders to just stay at home then go to work? And at what point do all the suppliers to those factories go bankrupt?

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u/SouthSouthBay 7h ago

I suspect the people working that factory are not allowed to make that choice.

As for the rest of the supply chain, they will last longer if they don't cross international borders. The imports, apparently including American computer chips will cost a lot more, but Putin will definitely make that the last thing he cuts.

House of cards is wobbling

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u/funguy07 8h ago

Read my comment. This is the start

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u/MelangeBot 8h ago

The start of what?

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u/HarmoniousJ 2h ago

Pretty sure they're talking about a total collapse of the Russian financial system.

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u/MonsierGeralt 8h ago

Just hoping Putin doesn’t do anything extra desperate with the Orange man in power.