This is economically unsustainable

by Technical_Ostrich_47

48 comments

  1. The chart look like profits are way up! Good job team!
    /s

  3. is this the day?

    edit 112.50 per dollar!! its going down fast!

  4. spend the last of their reserves on Joe Rogan.

    j/k tho, dont think he gets paid by the Kremlin.

  5. I’m not 100% sure how this will be handled but I think how the Russian population reacts this week will dictate how sustainable it is.

    Personally I expect them to shrug their shoulders and blame Ukraine. Which with what they have endured so far seems like a safe bet. 

  6. Can we make Putin irrelevant (i.e. window fodder) before January 20, 2025?

  8. Longer the war the more Russia pays out and actually loses. Same result as the Cold War.

  9. In real life it went downhill from the very start of the war, you could find no place or bank to exchange rub to usd in such relaively amazing value as shown here. It’s nice that this fake “official” conversion rate bubble starts to collapse, I wonder how low it will go!

  10. I’ve been following the ruble (every day) since this started – hoping it would crash & burn. It would decrease (very) slowly then the central bank would increase intrest and it would jump up then it would take months for it to decrese to previous levels – repeat for a few years now.

    Now the Interest rate is at 23% (recently increased – didn’t help) and Russia has already once bought up a bunch of rubels around the world to try stabalize it.

    And this is the fastest decrese over the past week that I have seen since the war started. Let’s see how low it can go.

  12. Sadly it is as long as russian people tolerate it, and they may continue to tolerate it for a long time. With the interest rates they currently have I doubt this curve will continue like that for that long, maybe we’ll be lucky but I wouldn’t be so sure. However it tells me that Putin may have an interest in having higher oil prices, and seeing how vicious he is we could be worried he uses “ways” to achieve things like that.

  15. Hey putler, remember : “The trend is your friend” !

  18. More trouble more better. But like the 730k some dead don’t forget what trouble Russians are willing to endure while they’re killing our allies.

    So provide Ukraine with weapons, because the ones Ukraine doesn’t kill we probably got to kill ourselves.

  19. This is bad for Russian consumers who are dependent on imports, but good for Russian oligarchs who depend on exports of natural resources. In a normal democratic state this would be politically unsustainable, but we’re talking about Russia here. And the Russian population can absorb much more than that before they start revolting.

    The best strategy to cripple the Russian economy is still targeting the possibilities for their exports of natural resources, especially hydrocarbons. This is why the Ukrainian refinery striking campaign has to restart and widen.

  22. I’m curious, I know in Canada, in some rural areas cost for items goes up the harder it is for them to get there. With their currency in such a state and with the condition of their roads in some places, I wonder if it’s even worth it for them to send items outside major areas by truck now? Don’t get me wrong, I know the kremlin cares very little for it people, especially the older ones in the rural areas that this this war is wrong, but still won’t look good when they start having people immigrating to the cities for cheaper cost on necessities.

  23. Well, that was 33 minutes ago.
    It’s 111 roubles against a dollar now.
    A little less than one percent drop since then.

    The pro-ru fanbois will go “this is actually good for ruzzia, this increases the competitiveness of ruzzian export”.

  24. It doesn’t matter in the overall picture. They live inside a death cult, they will happily drive themselves off a cliff.
    Until that happens, the only thing that matters is helping Ukraine, with everything they need, when they need.

  29. Oldtimers remember nineties when it was thousands of rubles for dollars. As usual peasants will shrug it off and keep digging in the dirt. After some time government will remove few zeroes from their currency.

  30. These are people who still shit in holes in the floor. They are trained to take it.

  31. Now that Ukraine has permission to attack Russia with long range missiles, that allows Ukraine to dismantle the Russian economy piece by piece. This has been reflected in the price of Russia’s toilet paper currency nose diving.

  32. Well, what I’ve learnt is that green is good and this is full of green. So this must be good!

  38. I met a Russian girl and said “*you look like a million rubles*”. She slapped me in the face.

  41. I have no idea about stuff like this but is there a way they can stop this, like suspend trading? Or are they just going to have look on and see it go to the moon?

  42. It’s way worse than last time it went to 130, because it was just a rapid increase. Here it’s a slow buildup.

  43. To avoid RUB crash since 2022
    2022 > force citizens to convert foreign currencies to RUB
    2023 > Force companies to covert foreign currencies to RUB
    2022,2023,2024 > Russian central bank selling foreign currencies to hold rubble under 100RUB/1USD

    late 2024 > Hopefully crash of RUB as there is no breaks anymore.

  47. The Nazi Ruble is now at 114.5 to the Dollar meaning it’s devalued by 8.5% in 24 hours 😂

  48. 114 now, that much of a shift in a single day is genuinely insane.

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