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TexasTowelie
TexasTowelie's Journal
TexasTowelie's Journal
November 29, 2025
Russia is heading deeper into a full-scale debt and bond crisis.
For more than three and a half years, Russia has been battling elevated inflation, and the central bank has been forced to keep interest rates at crisis levels. The result is simple: borrowing has become extremely expensive, and the entire Russian economy is now feeling the effects.
At the same time, Russias total debt pile has ballooned. Both corporate debt and household debt have surged, and companies across the country are now having to borrow more but at dramatically higher rates.
Russian businesses are being squeezed from both sides:
More debt than ever before
Much higher interest payments due to expensive Russian bond yields
Falling producer prices eating into profit margins
Cashflow problems spreading across major sectors
Many firms are now operating as zombie companies, barely able to cover interest payments, let alone repay the principal. As more bonds mature in the coming years, companies will be forced to refinance at todays punishing rates making the crisis even worse.
In this video, I break down the inflation problem, the surge in borrowing, the spike in bond yields, and why Russia could face a major debt crisis and corporate failure wave in the next few years.
Chapters:
0:00 Intro
0:45 INFLATION
2:04 INTEREST RATES
3:47 DEBT
5:42 LENDERS
6:32 CORPORATE DEBT
8:57 YIELDS
12:17 SUMMARY & CONCLUSION
Russia Breaks Down - Joe Blogs
Russia is heading deeper into a full-scale debt and bond crisis.
For more than three and a half years, Russia has been battling elevated inflation, and the central bank has been forced to keep interest rates at crisis levels. The result is simple: borrowing has become extremely expensive, and the entire Russian economy is now feeling the effects.
At the same time, Russias total debt pile has ballooned. Both corporate debt and household debt have surged, and companies across the country are now having to borrow more but at dramatically higher rates.
Russian businesses are being squeezed from both sides:
More debt than ever before
Much higher interest payments due to expensive Russian bond yields
Falling producer prices eating into profit margins
Cashflow problems spreading across major sectors
Many firms are now operating as zombie companies, barely able to cover interest payments, let alone repay the principal. As more bonds mature in the coming years, companies will be forced to refinance at todays punishing rates making the crisis even worse.
In this video, I break down the inflation problem, the surge in borrowing, the spike in bond yields, and why Russia could face a major debt crisis and corporate failure wave in the next few years.
Chapters:
0:00 Intro
0:45 INFLATION
2:04 INTEREST RATES
3:47 DEBT
5:42 LENDERS
6:32 CORPORATE DEBT
8:57 YIELDS
12:17 SUMMARY & CONCLUSION
November 29, 2025
Today, the biggest news comes from the Kupiansk direction.
Here, Russian forces tried to break into Kupiansk and fully secure it to achieve the Kremlins political objective. Unexpectedly for Russians, the Ukrainians are now the ones pushing to slice the Russian grouping in half and encircle them in the city instead.
Brutal urban fighting in Kupiansk is going on day and night from street to street as the Russians are storming the city. Heavy bombardments light up the night, as Russians try desperately to dislodge Ukrainian defenders.
Sergei Kuzovlev, commander of the western troop grouping, recently informed Putin that Russian forces had completed the liberation of Kupiansk after months of intense fighting. However, in reality, this is merely the extent of their infiltration tactics, as their actual area of control is much narrower and more unstable, as only small Russian infantry pockets are operating in the city. This indicates that their consolidated territorial gains amount to roughly 30 percent of the town, with the area west of the Oskil River remaining a large grey zone due to continuous engagements between Russian infiltrators and Ukrainian defenders.
Russian disadvantages in Kupiansk are twofold. Firstly, logistics are difficult to maintain, because supplies need to be transported over the Oskil River while Ukrainian drones are constantly surveilling the crossings. Secondly, after Russia established a bridgehead on the right bank of the river, they advanced too narrowly into Kupiansk with only small infiltration groups and too few reserves, making their gains unstable. As a result, Russian forces have exhausted their forward momentum and, over the past two months, have managed only to consolidate their hold on a small number of newly captured streets.
In order to mitigate the risk of Kupiansk being fully seized and Ukrainian forces east of the Oskil River becoming isolated, the Ukrainian command has established the Joint Forces Group under the leadership of Major General Mykhailo Drapatyi. In the ranks of this new corps, Ukraine has its most combat-ready and motivated fighters, whose task is to clear the city. Ukraine's strategy emphasizes agility and attrition to hold the line; that is why they launch localized counterattacks to push back the Russians and expand the grey zone, disallowing the attackers to dig in inside Kupiansk. Firstly, an operation is currently underway to eliminate Russian strongholds in the northern part of the city. Here, the goal is to take these positions back, as these are now cut off from their main supplies and reinforcements, and liberating them would allow the Ukrainians to completely cut the Russian logistics and further inflow of troops into Kupiansk. Secondly, Ukrainian special forces raids on the rivers eastern bank are identifying Russian staging areas and relaying the information to the air force to strike them. This further degrades their logistics and limits the number of troops able to move across, thereby diminishing their capacity to dislodge the newly established Ukrainian positions. Thirdly, Ukrainian forces also conduct assault operations in the southwestern and southern parts of Kupiansk. They aim to regain control here by clearing those groups to concentrate the remaining Russians in the north, and prevent them from infiltrating deeper, while also shortening the line of contact. Taking a look at the topographic map shows that the clearing operation is supported by Ukrainian soldiers and drone operators located on the heights southwest of the city. This hill ridge provides observation points, improved fields of fire, and better signal propagation for the drones, allowing the assault groups in the south to advance with direct and much stronger combat support than the Russians. These attacks aim to encircle the Russians from 4 directions at the same time, cutting supplies and stopping more Russian troops from infiltrating into the city, before clearing them out completely.
Overall, Russian claims of complete encirclement and full control over Kupiansk are overly exaggerated and dont resemble the situation on the ground. Despite Russian announcements, most of the city remains in the grey zone, as Russians are unable to bring in a sufficient number of forces and consolidate their gains. Ukraine will not halt its counteroffensive operations because the strategic value of Kupiansk is great, and the loss of the city would pose a threat to the defenders east...
Finally! Exhausted Russian forces lose ground as Ukrainians gain the upper hand! - RFU News
Today, the biggest news comes from the Kupiansk direction.
Here, Russian forces tried to break into Kupiansk and fully secure it to achieve the Kremlins political objective. Unexpectedly for Russians, the Ukrainians are now the ones pushing to slice the Russian grouping in half and encircle them in the city instead.
Brutal urban fighting in Kupiansk is going on day and night from street to street as the Russians are storming the city. Heavy bombardments light up the night, as Russians try desperately to dislodge Ukrainian defenders.
Sergei Kuzovlev, commander of the western troop grouping, recently informed Putin that Russian forces had completed the liberation of Kupiansk after months of intense fighting. However, in reality, this is merely the extent of their infiltration tactics, as their actual area of control is much narrower and more unstable, as only small Russian infantry pockets are operating in the city. This indicates that their consolidated territorial gains amount to roughly 30 percent of the town, with the area west of the Oskil River remaining a large grey zone due to continuous engagements between Russian infiltrators and Ukrainian defenders.
Russian disadvantages in Kupiansk are twofold. Firstly, logistics are difficult to maintain, because supplies need to be transported over the Oskil River while Ukrainian drones are constantly surveilling the crossings. Secondly, after Russia established a bridgehead on the right bank of the river, they advanced too narrowly into Kupiansk with only small infiltration groups and too few reserves, making their gains unstable. As a result, Russian forces have exhausted their forward momentum and, over the past two months, have managed only to consolidate their hold on a small number of newly captured streets.
In order to mitigate the risk of Kupiansk being fully seized and Ukrainian forces east of the Oskil River becoming isolated, the Ukrainian command has established the Joint Forces Group under the leadership of Major General Mykhailo Drapatyi. In the ranks of this new corps, Ukraine has its most combat-ready and motivated fighters, whose task is to clear the city. Ukraine's strategy emphasizes agility and attrition to hold the line; that is why they launch localized counterattacks to push back the Russians and expand the grey zone, disallowing the attackers to dig in inside Kupiansk. Firstly, an operation is currently underway to eliminate Russian strongholds in the northern part of the city. Here, the goal is to take these positions back, as these are now cut off from their main supplies and reinforcements, and liberating them would allow the Ukrainians to completely cut the Russian logistics and further inflow of troops into Kupiansk. Secondly, Ukrainian special forces raids on the rivers eastern bank are identifying Russian staging areas and relaying the information to the air force to strike them. This further degrades their logistics and limits the number of troops able to move across, thereby diminishing their capacity to dislodge the newly established Ukrainian positions. Thirdly, Ukrainian forces also conduct assault operations in the southwestern and southern parts of Kupiansk. They aim to regain control here by clearing those groups to concentrate the remaining Russians in the north, and prevent them from infiltrating deeper, while also shortening the line of contact. Taking a look at the topographic map shows that the clearing operation is supported by Ukrainian soldiers and drone operators located on the heights southwest of the city. This hill ridge provides observation points, improved fields of fire, and better signal propagation for the drones, allowing the assault groups in the south to advance with direct and much stronger combat support than the Russians. These attacks aim to encircle the Russians from 4 directions at the same time, cutting supplies and stopping more Russian troops from infiltrating into the city, before clearing them out completely.
Overall, Russian claims of complete encirclement and full control over Kupiansk are overly exaggerated and dont resemble the situation on the ground. Despite Russian announcements, most of the city remains in the grey zone, as Russians are unable to bring in a sufficient number of forces and consolidate their gains. Ukraine will not halt its counteroffensive operations because the strategic value of Kupiansk is great, and the loss of the city would pose a threat to the defenders east...
November 28, 2025
Let's talk about Trump's Third World Policies and Thanksgiving day message.... - Belle of the Ranch
November 28, 2025
INTERVIEW: Tom Steyer announces bid for California governor.
Trump gets rude awakening with new update - Brian Tyler Cohen
INTERVIEW: Tom Steyer announces bid for California governor.
November 28, 2025
Russia's Growing Dependence on China: A Modern Vassalization
This analysis examines how Russia's invasion of Ukraine has fundamentally transformed its relationship with China, creating a structural dependence that resembles historical vassal states.
Historical Reversal
The relationship has inverted from the mid-20th century when the Soviet Union supported Mao's communist insurgency. Now, Putin's Russia depends heavily on Chinese support to sustain its war effort, receiving dual-use components including semiconductors, CNC machinery, and materials for weapons production.
Economic Transformation
Trade restructuring: After Western sanctions, China's share of Russian imports surged from 25% (2021) to nearly 50% (2024), while exports doubled from 15% to 30%. Bilateral trade reached $245 billion in 2024.
Colonial trade pattern: Russia exports 90% raw materials (fossil fuels, metals, timber) while importing high-tech manufactured goods (machinery, vehicles, electronics) - a classic postcolonial exchange.
Financial dependence ("yuanization"
: The Chinese yuan now accounts for 40% of Russian trade settlements and 60% of Russia's national welfare fund, giving Beijing enormous leverage over Moscow's financial stability.
Military Dependence
China supplies critical components for Russia's war machine: 90% of microelectronics, 70% of CNC machines, and nitrocellulose for gunpowder. China also facilitates sanctions evasion, routing 18% of Western-made components to Russian weapons systems.
Geopolitical Consequences
Central Asia: China has established the C+C5 format (excluding Russia) and is building infrastructure like the China-Kyrgyzstan-Uzbekistan railway, systematically displacing Russian influence.
Asymmetric partnership: Despite the "no limits" partnership declaration, China refuses to invest significantly in Russia (FDI collapsed from $500B to $220B), dictates unfavorable terms for the Power of Siberia 2 pipeline, and prioritizes Western economic ties over Russian interests.
Putin's Ideological Justification
Putin explicitly compares the situation to medieval Prince Alexander Nevsky, who submitted to the Mongol Golden Horde to gain strength against Western invaders. Putin frames Chinese dependence as preserving cultural sovereignty while sacrificing economic sovereignty - preferring vassalage to China over Western influence.
Future Outlook
Analyst Alexander Gabuev predicts Russia will become a "giant Iran of Eurasia" - permanently isolated from the West, technologically backward but sanctions-resilient, serving as an instrument in Beijing's rivalry with Washington. The irony: Putin's imperial ambitions in the West have cost Russia its strategic sovereignty in the East.
Russia - China's Vassal State - Good Times Bad Times (The 20s Report)
Russia's Growing Dependence on China: A Modern Vassalization
This analysis examines how Russia's invasion of Ukraine has fundamentally transformed its relationship with China, creating a structural dependence that resembles historical vassal states.
Historical Reversal
The relationship has inverted from the mid-20th century when the Soviet Union supported Mao's communist insurgency. Now, Putin's Russia depends heavily on Chinese support to sustain its war effort, receiving dual-use components including semiconductors, CNC machinery, and materials for weapons production.
Economic Transformation
Trade restructuring: After Western sanctions, China's share of Russian imports surged from 25% (2021) to nearly 50% (2024), while exports doubled from 15% to 30%. Bilateral trade reached $245 billion in 2024.
Colonial trade pattern: Russia exports 90% raw materials (fossil fuels, metals, timber) while importing high-tech manufactured goods (machinery, vehicles, electronics) - a classic postcolonial exchange.
Financial dependence ("yuanization"
Military Dependence
China supplies critical components for Russia's war machine: 90% of microelectronics, 70% of CNC machines, and nitrocellulose for gunpowder. China also facilitates sanctions evasion, routing 18% of Western-made components to Russian weapons systems.
Geopolitical Consequences
Central Asia: China has established the C+C5 format (excluding Russia) and is building infrastructure like the China-Kyrgyzstan-Uzbekistan railway, systematically displacing Russian influence.
Asymmetric partnership: Despite the "no limits" partnership declaration, China refuses to invest significantly in Russia (FDI collapsed from $500B to $220B), dictates unfavorable terms for the Power of Siberia 2 pipeline, and prioritizes Western economic ties over Russian interests.
Putin's Ideological Justification
Putin explicitly compares the situation to medieval Prince Alexander Nevsky, who submitted to the Mongol Golden Horde to gain strength against Western invaders. Putin frames Chinese dependence as preserving cultural sovereignty while sacrificing economic sovereignty - preferring vassalage to China over Western influence.
Future Outlook
Analyst Alexander Gabuev predicts Russia will become a "giant Iran of Eurasia" - permanently isolated from the West, technologically backward but sanctions-resilient, serving as an instrument in Beijing's rivalry with Washington. The irony: Putin's imperial ambitions in the West have cost Russia its strategic sovereignty in the East.
November 28, 2025
Russian President Vladimir Putin has praised Hungarian Prime Minister Viktor Orban for what he called a "balanced position" on the Ukraine.
The two leaders met in Moscow -- Orban's second trip to Russia since last year. The Hungarian leader vowed Russia will remain a key energy supplier for his country, despite US and EU sanctions on Russian fossil fuels. Orban is seen as Putin's closest partner among all European Union leaders. He has consistently tried to block tougher sanctions against Moscow at the EU-level, and has criticized aid to Ukraine.
Putin praises Viktor Orban's Ukraine stance as the two meet in Moscow - DW News
Russian President Vladimir Putin has praised Hungarian Prime Minister Viktor Orban for what he called a "balanced position" on the Ukraine.
The two leaders met in Moscow -- Orban's second trip to Russia since last year. The Hungarian leader vowed Russia will remain a key energy supplier for his country, despite US and EU sanctions on Russian fossil fuels. Orban is seen as Putin's closest partner among all European Union leaders. He has consistently tried to block tougher sanctions against Moscow at the EU-level, and has criticized aid to Ukraine.
November 28, 2025
Today, there are important updates from Ukraine.
Here, amid the latest uncertainty about Western military support for the country, the Ukrainian defense industrial base is building more missiles than ever to support an operation deep inside Russia. As a result, dozens of Neptune and Flamingo missiles are now tearing up the skies above Russia, destroying high-value targets of all kinds and disrupting enemy efforts.
Ukrainian forces conducted one of their most technologically complex deep-strike operations to date, combining Neptune missiles with a swarm of around fifty FP-2 drones to hit the Taganrog airfield. The strike targeted Russias A-60 airborne laboratory, an extremely rare aircraft used for testing laser weapon systems and the A-100, Russias next-generation Awacs prototype. Satellite imagery released afterward showed both aircraft destroyed, along with damage to the final assembly hall and a hangar used to modernize Tu-95MS bombers, which launch Kinzhal cruise missiles against Ukrainian cities almost every night.
There is a visible rise in Ukraines use of Neptune missiles across Russia, with one of the most notable cases being the multi-axis strike on Novorossiysk, where upgraded Long Neptune missiles and drones damaged seven S-400 launchers guarding the port. Satellite Firms data captured multiple fires at the cargo and oil terminals, as well as the long-range air-defense site overlooking the harbor. Analysts reviewing pre-strike imagery counted at least seven S-400 launchers inside the blast zone. Post-strike visuals showed fuel detonations and explosions consistent with secondary warhead cook-offs. This strike followed another Neptune attack launched from a modified Tatra chassis on the local oil terminal, temporarily halting 2.2 million barrels per day of crude exports, causing an estimated 70 million daily US dollar loss.
Ukraine has expanded its Neptune campaign even deeper into Russia, as Long Neptune missiles hit the Oryol Thermal Power Plant and Novobryansk substation, disrupting grids that support Russian defense factories. Another strike targeted the Progress plant in Cheboksary, a key site producing navigation electronics for ballistic missiles, drones, and guided bombs, causing a major fire and forcing production to halt.
These operations reflect the major upgrades introduced to Ukraines Neptune missile family, with the Long Neptune variant having reached an operational range of up to 1,000 kilometers, nearly quadruple the original model through an expanded fuselage with increased fuel capacity. Its warhead has grown to 350 kilograms, enabling the destruction of hardened facilities like oil terminals, air defense sites, and aircraft shelters. The missile now supports terrain-following flight and potential infrared terminal homing, allowing it to fly extremely low to the ground and evade radar, as demonstrated by multiple recent successful strikes.
Parallel to Neptunes evolution, Ukraine steps up the use of the Flamingo missile, the domestically developed cruise missile with an unprecedented 3,000 kilometer reach. Powered by a turbofan engine, it flies up to 950 kilometers per hour with a massive 1,150 kilogram penetrating warhead capable of punching through up to ten meters of reinforced concrete. Its guidance system combines inertial navigation, terrain mapping, and GPS updates, achieving strike accuracy within roughly 14 to 50 meters, highly effective for strategic energy, air-defense, and command targets at a cost of around 500,000 US dollars per missile. Flamingo played a confirmed role in the recent Novorossiysk operation, contributing to major damage to the strike, as it only needs one to hit to destroy the target due to its powerful warhead two-and-a-half times as powerful as Storm Shadow. Earlier Flamingo deployments struck the Oryol power node and multiple military sites in Crimea, Berdyansk, and Yevpatoria again alongside Neptune missiles and drones.
Given current Ukrainian production levels, Russias situation is set to deteriorate further. Ukraine now manufactures 40 to 50 Neptune missiles per month, while Flamingo output stands at around 90 monthly, with plans to scale up even more, as some elements like missile fuel are produced abroad and are not vulnerable to Russian strikes. Such volumes can overwhelm Russian air defenses, cripple logistics and energy grids, and impose billions in economic losses while diverting Moscows resources away from the front...
Neptune and Flamingo missiles overwhelm Russian airspace after reaching record production - RFU News
Today, there are important updates from Ukraine.
Here, amid the latest uncertainty about Western military support for the country, the Ukrainian defense industrial base is building more missiles than ever to support an operation deep inside Russia. As a result, dozens of Neptune and Flamingo missiles are now tearing up the skies above Russia, destroying high-value targets of all kinds and disrupting enemy efforts.
Ukrainian forces conducted one of their most technologically complex deep-strike operations to date, combining Neptune missiles with a swarm of around fifty FP-2 drones to hit the Taganrog airfield. The strike targeted Russias A-60 airborne laboratory, an extremely rare aircraft used for testing laser weapon systems and the A-100, Russias next-generation Awacs prototype. Satellite imagery released afterward showed both aircraft destroyed, along with damage to the final assembly hall and a hangar used to modernize Tu-95MS bombers, which launch Kinzhal cruise missiles against Ukrainian cities almost every night.
There is a visible rise in Ukraines use of Neptune missiles across Russia, with one of the most notable cases being the multi-axis strike on Novorossiysk, where upgraded Long Neptune missiles and drones damaged seven S-400 launchers guarding the port. Satellite Firms data captured multiple fires at the cargo and oil terminals, as well as the long-range air-defense site overlooking the harbor. Analysts reviewing pre-strike imagery counted at least seven S-400 launchers inside the blast zone. Post-strike visuals showed fuel detonations and explosions consistent with secondary warhead cook-offs. This strike followed another Neptune attack launched from a modified Tatra chassis on the local oil terminal, temporarily halting 2.2 million barrels per day of crude exports, causing an estimated 70 million daily US dollar loss.
Ukraine has expanded its Neptune campaign even deeper into Russia, as Long Neptune missiles hit the Oryol Thermal Power Plant and Novobryansk substation, disrupting grids that support Russian defense factories. Another strike targeted the Progress plant in Cheboksary, a key site producing navigation electronics for ballistic missiles, drones, and guided bombs, causing a major fire and forcing production to halt.
These operations reflect the major upgrades introduced to Ukraines Neptune missile family, with the Long Neptune variant having reached an operational range of up to 1,000 kilometers, nearly quadruple the original model through an expanded fuselage with increased fuel capacity. Its warhead has grown to 350 kilograms, enabling the destruction of hardened facilities like oil terminals, air defense sites, and aircraft shelters. The missile now supports terrain-following flight and potential infrared terminal homing, allowing it to fly extremely low to the ground and evade radar, as demonstrated by multiple recent successful strikes.
Parallel to Neptunes evolution, Ukraine steps up the use of the Flamingo missile, the domestically developed cruise missile with an unprecedented 3,000 kilometer reach. Powered by a turbofan engine, it flies up to 950 kilometers per hour with a massive 1,150 kilogram penetrating warhead capable of punching through up to ten meters of reinforced concrete. Its guidance system combines inertial navigation, terrain mapping, and GPS updates, achieving strike accuracy within roughly 14 to 50 meters, highly effective for strategic energy, air-defense, and command targets at a cost of around 500,000 US dollars per missile. Flamingo played a confirmed role in the recent Novorossiysk operation, contributing to major damage to the strike, as it only needs one to hit to destroy the target due to its powerful warhead two-and-a-half times as powerful as Storm Shadow. Earlier Flamingo deployments struck the Oryol power node and multiple military sites in Crimea, Berdyansk, and Yevpatoria again alongside Neptune missiles and drones.
Given current Ukrainian production levels, Russias situation is set to deteriorate further. Ukraine now manufactures 40 to 50 Neptune missiles per month, while Flamingo output stands at around 90 monthly, with plans to scale up even more, as some elements like missile fuel are produced abroad and are not vulnerable to Russian strikes. Such volumes can overwhelm Russian air defenses, cripple logistics and energy grids, and impose billions in economic losses while diverting Moscows resources away from the front...
November 28, 2025
20 states are suing the Trump administration over proposed cuts to HUD's Continuum of Care program, which provides permanent housing for homeless individuals. The lawsuit, led by New York Attorney General Letitia James, challenges plans to cut roughly half the 2026 budget for permanent housing and redirect it to temporary housing with additional requirements.
Internal documents suggest 170,000 people could be affected by the funding changes, potentially forcing them back into shelters or onto the streets.
Let's talk about 20 states suing Trump.... - Belle of the Ranch
20 states are suing the Trump administration over proposed cuts to HUD's Continuum of Care program, which provides permanent housing for homeless individuals. The lawsuit, led by New York Attorney General Letitia James, challenges plans to cut roughly half the 2026 budget for permanent housing and redirect it to temporary housing with additional requirements.
Internal documents suggest 170,000 people could be affected by the funding changes, potentially forcing them back into shelters or onto the streets.
November 28, 2025
00:00 Introduction
00:10 Hong Kong Fire Updates
02:23 Japan-China Diplomatic Crisis Updates
08:45 Global Tech War: Training AI Models Overseas
Full-Blown Crisis: Japan-China War Threat Grows; Hong Kong Fire; China Tech Moves - China Update
00:00 Introduction
00:10 Hong Kong Fire Updates
02:23 Japan-China Diplomatic Crisis Updates
08:45 Global Tech War: Training AI Models Overseas
Profile Information
Gender: MaleHometown: South Texas. most of my life I lived in Austin and Dallas
Home country: United States
Current location: Bryan, Texas
Member since: Sun Aug 14, 2011, 02:57 AM
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