Vladimir Putin is not a good man and not a good leader.

There, I said it … and the U.S. government basically began saying that eight months ago, when it joined with other Western nations in imposing a series of economic sanctions on Putin's Russia.

The sanctions hurt Russia a bit, but now oil's freefall is causing the ruble to crash and slamming that nation with a guaranteed recession or even depression.

Read MoreThe collapse of Russia in 3 charts



This would be something worthy of extreme vigilance for the U.S. government and investors alike even if Russia were a true democracy governed by at least semi-responsible leaders.



But it's worse. Much worse.