16 April 2026, Thursday, 19:47
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Igor Lipsits: Putin Senses That He "smells Stale"

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Igor Lipsits: Putin Senses That He "smells Stale"

"The scapegoat has been found.

The Russian dictator knows about the fall of the economy and is preparing for its consequences. This is what economics professor Igor Lipsits told in an interview with YouTube channel journalist Evgeny Kiselyov. The website Charter97.org quotes some interesting snippets of the conversation.

- Putin held a meeting in the Kremlin. Does it feel like he's on the verge of a nervous breakdown?"

- At any rate, he feels that he "smells stale. The economy is starting to go down. Look, in December he was telling some marvelous tales about how great everything in the economy was. A couple of months later, he started saying that the economy is falling and started demanding from the government.... Every month he gives them instructions to accelerate the economy, to ensure high growth rates. They do not have time to report on the fulfillment of the previous order and they are immediately given new ones.

This is very funny. A mandate on a mandate and a mandate on a mandate.

It's clear the economy is tanking. Next thing you know, layoffs will follow. People will suddenly find out that life has gone badly wrong. Putin promised a bright future through war. But we don't see a bright future. The war does not end, the work has somehow ended. In general, it's not fun to live. Why? And who's to blame? And why didn't the president do anything? So he lays a straw, says that he saw everything, was worried about everything, pointed out to the government, set tasks. And if they did not provide, then the government is bad.

Putin is preparing the ground for a change of government. If they do not fulfill this instruction, and of course they will not fulfill it, it will be necessary to explain it to the population in some way, then he will change the government and say that Mishustin failed. Our economic bloc did not work as it should, we will send them to a well-deserved rest.

A normal job of a politician who shifts responsibility for what is happening in the country from himself to others. This is an understandable model.

- By the way, he also hinted at the fact that if something happens, the Central Bank's management may be asked.

- The Central Bank today is such a duty goat, on whom all the blame is laid, although he is neither dreaming nor thinking. The Central Bank is just trying to somehow get out of the hyperinflation caused by the war. So it is trying to prevent this hyperinflation from developing, trying to keep it within acceptable limits.

It is difficult. They're taking some steps. But there's not much they can do. You are kind of in charge of money circulation in the country in the Central Bank. But the circulation of money is really created more by the government than the Central Bank. And you are responsible for something that, in general, actually happens not by your will. And you can't do anything about it. But you are responsible, so you are trying to do something with at least some tools, to correct it somehow. But it causes a lot of irritation.

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