Latest Updates: Russia-Ukraine Conflict.

No one gives a shite anymore

russians continue to target civilians...

Married couple killed in Russian drone strike on Odesa high-rise

by Abbey Fenbert June 28, 2025 7:58 AM (Updated: June 28, 2025 9:54 AM)


Fire engulfs apartments in a high-rise residential building in Odesa after a Russian drone attack on June 28, 2025. (Ukraine's State Emergency Service / Telegram)

Russia attacked the southern city of Odesa overnight on June 28, killing two people and injuring at least 14 others, Ukraine's State Emergency Service reported.

The drone attack hit a 21-story building, causing a fire on the 7th, 8th, and 9th floors that left residents trapped in their apartments. First responders rescued five people, including a small child.

Two people, a married couple, were killed in the attack, Odesa Oblast Governor Oleh Kiper reported. Emergency workers recovered their bodies from the damaged building.

At least 14 other civilians were injured, including three children. Both are receiving treatment in medical facilities, Kiper said.

The Kyiv Independent

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This is no longer the current thing. Hell, Iran isn't even the current thing anymore.

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Quite the contrary. Now watch and learn what Trump does next. He has had the dominos fall into place, in large thanks to Israel.

Niall Ferguson stated that Trump laid the hammer down on Putin in a recent phone call. This was after Putin offered to mediate a peace deal between the US and Iran. Putin might want to look for someplace to move too

RA'd to move to Poliboard

What's the over/under on how long it takes to get this thread anchored

Hopefully it already is

ETA: not yet apparently

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China is starting to feed Russia because they will soon have nothing to eat because of the war

Wheat exports to China have fallen by 13 times Potato imports from China have increased by 13 times

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LINK

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More bad news for Russia

The Central Bank decided to start issuing repos to banks again on April 15, which coincided with a sharp acceleration in the growth of government debt. More details in this article: LINK [" target="_blank" rel="nofollow noreferrer">Vedomosti.ru/finance/quote]



Note the justaposition of the Liquidity [Treasury Reserve] and the REPO issuance. Yes, you caught that... they are moving in an opposed inversion. When Repos are issued, the revenue goes directly to the Treasury, where it immediately disappears. They are not being repaid.

Here's the Repo independently:



Repos (Repurchase Agreements) are very short term loans issued by a government Treasury as government securities to major banks and secondary issuers and normally repurchased the next day for a slightly higher price. Don't worry about understanding why the government wants to lose money like this, remember, the government is not a business or a household. They are only interested in a healthy economy, which means (all stand) Money Velocity.

When God wants to know how an economy is doing, He goes to the US Federal Reserve Bank in St. Louis for their monthly report. Money Velocity is the keystone of capitalism - the concept that as money circulates, it increases. If you understand how that happens, you understand everything.

Anyway, back to Moscow... Starting last December, the issuance of Repos went through the ceiling. But as you can see comparing to the earlier Repo sales, the 2025 issues are out of government control.







[quote]Russia's national debt has turned into a classic pyramid. All income goes to debt repayment and interest payments.

Revenue for 5 months — 1.650 trillion rubles

Debt repayment — 0.450 trillion

Service costs — 1.112 trillion

Remainder — 0.087 trillion

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In other words, the Russian Treasury is selling Repos but not buying them back. Who is crazy enough to buy them? Well, try telling Putin "no".

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Speaking at the St. Petersburg International Economic Forum, Russian Central Bank Governor Elvira Nabiullina said that the Russian economy had been expanding on the back of "free resources," including labor, industrial capacity, bank capital reserves, and liquid assets from the National Wealth Fund (NWF) — all of which are now reportedly nearing depletion.

"We grew for two years at a fairly high pace because free resources were activated," she said. "We need to understand that many of those resources have truly been exhausted."

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Note especially that "National Wealth Fund". This is the Russian name for their Treasury Reserve, the only source of finance left for this war. They are reaching or have already reached the bottom of this fund.

So this 'Repo' scam are the agonal breaths of of a collapsing economy. Forced lending to a government in desperation. And the money just disappears. So yeah, government debt increases quickly. These are not Repos anymore, these are just official covers for theft.

Source - Ministry of Finance of the Russian Federation LINK

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More bad news for the Russian economy, as a real construction crisis is now a certainty.

In May, -17% less housing was built year-on-year.

But the worst thing is that the start of new construction in May fell by -29% In just 5 months, new construction fell by -25%.

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Certainly an official interest rate of 21% has something to do with this, plus a million young customers not showing up to sign that mortgage doc is problematic as well. What happened to those guys...?







LINK