Part 5/11:
Russia’s portrayal of holding substantial gold reserves depends on the assumption that the country is fiscally responsible and stable. These reserves serve as collateral, backing its currency and giving the illusion of economic strength. Yet, Russia is rapidly depleting these reserves, with over half of the liquid gold already exhausted, leaving little buffer against economic instability.
Deception and Disintegration of Economic Foundations
The disclosures about Russia’s financial practices reveal that much of their claimed fiscal stability is an illusion. Key points include:
- Debt Obfuscation: