this post was submitted on 23 Jul 2024
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Ukraine

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In push for more Ukraine troops, city of Moscow hikes pay for contract soldiers to $60,000 a year (www.reuters.com)
submitted 4 months ago by LaFinlandia@sopuli.xyz to c/ukraine@sopuli.xyz
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[–] Sibbo@sopuli.xyz 11 points 4 months ago (2 children)

Maybe they just print the money. Isn't that what dictatorships often end up doing?

[–] halcyoncmdr@lemmy.world 13 points 4 months ago

Yeah but if they send these troops to the areas that are most deadly, then they don't have to pay them for very long in the first place.

No need to print the money if you're not actually spending it.

[–] CanadaPlus@lemmy.sdf.org 5 points 4 months ago* (last edited 4 months ago) (1 children)

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 1 points 4 months ago (1 children)

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 2 points 4 months ago* (last edited 4 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.