• CanadaPlus@lemmy.sdf.org
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    3 months ago

    I invite them to do that. I’m sure the oligarchs will love having their local savings massively devalued, and won’t support a coup of any kind. /s

    • smokeysnilas@feddit.org
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      3 months ago

      As much as I would love that, probably they don’t have their fortune in cash savings but most probably put it into diversified investments of some sorts.

      • CanadaPlus@lemmy.sdf.org
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        3 months ago

        I’m guessing both, so they get returns and still have an “oh shit” fund. I doubt it would be good for the oligarchs, at the very least.

        Venezuela can do hyperinflation because they have a more ideologically driven elite who will ride out the turbulence. No such luck for Putin; he’s a neofeudal lord and has to keep palms greased like it.