Russia’s Economy Is A Lie

Jason Jay Smart October 26, 2025
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Jason Jay Smart

@jasonjaysmart

About

Jason Jay Smart, PhD - Kyiv-based national security strategist. Blacklisted by the Kremlin for exposing Putin’s regime and authoritarian tactics. 🎙️ Over 1,000 interviews on Ukrainian- and Russian-language TV — now delivering real-time analysis in English. • Ukraine’s military strategy, battlefield updates & counteroffensive • Russia’s internal collapse: economy, propaganda, elite fractures • NATO dynamics, Kremlin disinformation & post-Soviet geopolitics Also known as: Jason Jay Smart • Jason J Smart • Jason Smart • Джейсон Смарт 📅 New expert briefings 5–7 times per week. Subscribe + 🔔 for frontline strategy & real-time intelligence.

Video Description

The truth about Russia’s economy is a $446 billion fraud. This investigation exposes the secret off-budget debt Vladimir Putin uses to finance his war and reveals why that illusion is collapsing fast. Since mid-2022, Russia’s corporate borrowing has surged by seventy-one percent. The Central Bank of Russia quietly recorded roughly $446 billion in forced loans directed toward war industries. This is not normal growth. A February 2022 decree ordered banks to issue “preferential loans” to military suppliers. Banks obey. The Kremlin spends. The illusion of resilience continues. This shadow credit now equals almost the entire official defense budget. Inflation has climbed near ten percent. Food prices have quadrupled. Pensioners protest outside the Kremlin while real businesses collapse under interest rates above thirty-seven percent. The government claims a two-percent deficit, but if this hidden debt were counted, the real figure exceeds six percent of GDP. These loans hide four converging risks: inflationary collapse, banking insolvency, industrial decline, and the post-war default wave when contracts end and firms fail. Each missile fired adds compound interest. Each drone strike drains another loan. The state is mortgaging its future to survive the present. From recruitment failures in Yakutia to elite purges inside Moscow, the same arithmetic drives the crisis. Putin can silence dissent, but he cannot silence math. The numbers are unyielding: Russia’s economy is not strong, it is leveraged. The war is not funded by power, but by debt. This is how empires end — not through revolution, but through receipts. Russia’s $446 billion war debt is the fuse burning toward the Kremlin. CHAPTERS: 00:00 – The Illusion of Strength 01:10 – Cracks in the Fear 02:35 – When Silence Breaks 03:40 – Arithmetic of Collapse 05:10 – The Secret Law of 2022 06:55 – Russia’s Hidden War Budget 08:25 – The Debt Spiral 09:40 – Four Dangers Converging 10:50 – The Revolt from Within 12:00 – Cracks in the Regime’s Core 13:10 – Ukraine Strikes Back 14:15 – The Economic Time Bomb 15:10 – The Empire of Receipts 16:00 – Call to Action 👏 Become a Channel Member:    / @jasonjaysmart   ⚡⚡Connect with Jason for real-time analysis & verified updates: Substack: https://jasonjaysmart.substack.com Spotify: https://creators.spotify.com/pod/show... Tiktok:   / jasonjsmart   X (Twitter): https://x.com/OfficeJJSmart Facebook Personal:   / jasonjaysmart   Facebook Professional:   / officejjsmart   LinkedIn:   / jasonjaysmart   Mastodon: https://defenseofliberty.social/@Offi... BlueSky: https://bsky.app/profile/JJSmart.bsky... YouTube:    / @jasonjaysmart   Website: https://JasonJaySmart.com. Dr. Jason Jay Smart, also known as Jason Smart and Jason J Smart, is a political adviser who has lived and worked in Ukraine, Moldova, Kyrgyzstan, Kazakhstan, Russia, and Latin America. In 2010, he was banned for life by the Kremlin for supporting Russia’s democratic opposition to Vladimir Putin. #russiacollapse #PutinDebtCrisis #ukrainevictory #KremlinCrisis #wareconomy #jasonjaysmart #supportukraine

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