Let's talk about sanctions and Putin's cushion....

Belle of the Ranch

Society & Culture

4.9 • 1K Ratings

🗓️ 13 April 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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0:00.0	If just thinking about your bills makes you feel confused and disorientated,
0:05.0	like your head is full of Raspberry,
0:08.0	then you need Monzo.
0:10.0	Download your new favorite bank and pay bills from custom pots.
0:15.0	Money never felt like Monzo.
0:18.0	UK residents, Tease and see supply.
0:21.0	Well, howdy there, internet peopleids beau again so today we're going to
0:26.7	talk about sanctions and how they work we're going to provide a little bit of
0:32.3	perspective and we're going to provide a little bit of perspective, and we're going to talk
0:34.7	about what they're supposed to accomplish.
0:37.2	We're going to do this because I keep seeing a number pop up, and that number is attached to the idea that the sanctions won't be effective.
0:49.0	I got a couple of questions about it and I've seen this number a lot over the last 36 hours.
0:57.0	So one of the questions, how can the sanctions ever work? I just saw an article saying that Putin had a 3.4
1:06.1	billion dollar cushion. If you Google for a 3.4 billion dollar cushion you'll find
1:12.3	a bunch of articles. So what happened?
1:16.0	Russia put $3.4 billion into a rainy day fund to help stabilize their economy. This money came from the first quarter
1:27.0	oil and gas cells. First quarter, 3..4 billion.
1:33.0	Okay, so let's get some perspective on that first.
1:37.0	A first quarter, roughly $3.5 billion dollars that's half of Disney if you only
1:50.9	count the parks.
1:54.4	3.4 billion dollars to you or I.
1:56.9	Yeah, that's huge.
	...

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