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Mutiny in Russia — bullish for markets in general?

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by COINS NEWS 89 Views

Edit: Title: The Putiny: Mutiny in Russia to end Purim’s reign (someone commented and I felt it was important enough to edit the post lol)

Pretty interesting read. It details some news about how Putin is losing his grip over some of his highest officials, the Kremlin.

There have been some interesting signs of improvement economically like the decreasing inflation rate, but this is a macroeconomic factor that makes me pretty excited for the future (that future being in the next year or so, I’d guess… unless it’s a serious mutiny in which there’s an assassination)

That said, this is pretty good news for crypto and markets in general.

Here’s some excerpts from the article:

‘Halfway through his invasion of Ukraine's sixth bloody month, Russian President Vladimir Putin's grip on power in Moscow is imploding as scores of Kremlin officials are calling upon the 69-year-old autocrat to quit.

On Saturday, The Daily Beast reported that "just one day after several municipal deputies in Putin’s hometown of St. Petersburg called on the State Duma to try the Russian leader for treason, their colleagues in Moscow joined in and demanded he steps down because his views are 'hopelessly outdated.'"

In an open letter to Putin, deputies from Moscow's Lomonosovsky district recalled that Putin's leadership began with "good reforms" but that as time marched onward, “everything went wrong.”

While the deepening quagmire in Ukraine was not specifically mentioned, the authors stressed that the status quo under Putin is untenable.

“The rhetoric that you and your subordinates use has been riddled with intolerance and aggression for a long time, which in the end effectively threw our country back into the Cold War era. Russia has again begun to be feared and hated, we are once again threatening the whole world with nuclear weapons,” the officials wrote. “We ask you to relieve yourself of your post due to the fact that your views and your governance model are hopelessly outdated and hinder the development of Russia and its human potential."

submitted by /u/Fresh-Chemical-9084
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