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S8 Ep1197: Michael Bernstam discusses how August is historically a "month of curses" for Russia, citing the 1991 coup and the 1914 start of
Michael Bernstam discusses how August is historically a "month of curses" for Russia, citing the 1991 coup and the 1914 start of WWI. Currently, Russia is facing a severe fiscal and production crisis driven by Ukrainian drone strikes that have crippled 25% of its oil refining capacity. Additionally, Ukrainian drones recently destroyed a massive Wildberrieswarehouse—Russia's equivalent to Amazon—stripping a million vendors of their livelihoods and stressing the banking sector. Meanwhile, Saudi Arabia is in fiscal trouble due to its $1.5 trillion "The Line" project and Houthi attacks on its…
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