putin’s Worst Nightmare Just Hit Russia’s Banks (video commentary)

07/31/2026

Neither I nor Augusta Precious Metals is a financial advisor, and this is not financial advice. If you’re considering precious metals, you should speak with your own financial or tax professional. This video contains a paid promotion for Augusta Precious Metals. I may receive compensation if you choose to work with them.

Russia just reached a big financial milestone. They’ve suspended bond sales, due to there being nobody willing to purchase them. This is a big deal. It effectively means the Russian government is currently incapable of borrowing money. I discuss the implications, what it means for the Russian economy, and how it will impact the war in Ukraine.