It only goes up and up, for the glory of the motherland /s
A note: to actually calculate how much value ruble lost, you need to look at Ruble:Dollar, and it makes it seen even more miserable
Can someone explain what it means?
What’s going on?
But how like loaf of bread and milk gone up in price because of it? I understand luxury items might get affected by the basic goods?
Apparently a report from Alfa-Bank, the biggest private bank in Russia, has prompted all this.
According to the report, inflation is going to hit 13% and interest rates are going to hit 25% between December and January.
Can you even buy RUB anywhere these days? Can anyone spend RUB anywhere? Besides China/NK. If not, the exchange value does not even matter, since it’s useless currency outside of their country.
What you all miss is that weak but controllable ruble rate is good for the Russian government since they sell gas and oil for dollars, euros etc but pay to the soldiers in rubles.
What European countries should do to break Russia is not to impose new sanctions that they cannot enforce but shower Ukraine with arms and missiles, and revoke all the restraints of using them. That would be much more effective.
To the moon!
Holy Shit it gets worse every day lol 🍿
If you want to understand how much is Russia REALLY fucked, i suggest you follow this lady [https://bsky.app/profile/prune602.bsky.social](https://bsky.app/profile/prune602.bsky.social)
Her threads on Russian railways and Government bonds are illuminating, and her predictions are very often on point.
The only real question is whether Russia will crash before destroying Ukraine as well, or if this spiral will be distructive for everyone involved; but the spiral is inevitable now.
As a Ukrainian I hope it never stops.
So? Will they stop the invasion following this?
For the vast majority of people they don’t think long term about things like this.
Your country can spend money as fast as it can, until the last dollar.
You can fire a machine gun right up to the last bullet.
A well provisioned back stock looks identical to healthy supply chain.
From an outside perspective with no inside information a great many things can look healthy and well supplied right up to the point where they run out.
Whoa, 114.5 rubles per USD already? What is this, a new stage of the Russian space program?
Yall gotta remember. Propoganda works very well on people, not so much on math.
Took some time to get the russian central bank ( i think they are the most competent ppl in russia)to give up but better late than never.
They work long term and they hurt very much. Alt right voters are too idiot to understand
Do not understimate the ability of the common Russian folk to tighten their belts. They have a lot of experience with eating nothing but potatoes with salt for years. Most of the russians do infact complain and protest, but only inside their homes and in silence. I traveled across Russia and I spoke with many people from many social layers and almost everyone hated where Russia is heading, but only behind closed doors. .Once they were sure Iam not russian and I wont snitch they opened up quite a bit.
So to sum up, interest rates are sitting at 21% (was 4,5% in 2020); business with EU is basically done and the golden chest to prop shit up is finally dry? And I am not even talking about the loss of life; NATO extension and getting squeezed dry by “friendly” countries. This should be updated to Pornhub to be honest. Thinking under humiliation.
– The sanctions work.
– We could and should be doing a lot more.
31 comments
Is there any way they can stop the Russian ruble from falling?
They’re not supposed to work immediately or in a month or within a year, in the long run it will , and can be devastating.
See!? The chart is going up, that means The Glorious Mother Russia is prospering, despite the rotten west’s attempts! /S
My bet is that it will hit 120 or even 130 before Friday evening
I’m checking it every few hours today and I am surprised every single time.
Meanwhile in Russia TV:
Exports are up!
Holy shieeet.
It crashes faster and faster. Wtf is going on over there. Something must be happening behind the scenes, no way the currency loses 10% on a normal day
The question is whether the sanctions will remain after January 20th
More is More so russia is doing great /s
Russia is being artificially kept afloat by China, Iran, and North Korea.
https://g.co/kgs/9Ge9cTW
They’re plugging a hole in a sinking ship.
It only goes up and up, for the glory of the motherland /s
A note: to actually calculate how much value ruble lost, you need to look at Ruble:Dollar, and it makes it seen even more miserable
Can someone explain what it means?
What’s going on?
But how like loaf of bread and milk gone up in price because of it? I understand luxury items might get affected by the basic goods?
Apparently a report from Alfa-Bank, the biggest private bank in Russia, has prompted all this.
According to the report, inflation is going to hit 13% and interest rates are going to hit 25% between December and January.
Can you even buy RUB anywhere these days? Can anyone spend RUB anywhere? Besides China/NK. If not, the exchange value does not even matter, since it’s useless currency outside of their country.
What you all miss is that weak but controllable ruble rate is good for the Russian government since they sell gas and oil for dollars, euros etc but pay to the soldiers in rubles.
What European countries should do to break Russia is not to impose new sanctions that they cannot enforce but shower Ukraine with arms and missiles, and revoke all the restraints of using them. That would be much more effective.
To the moon!
Holy Shit it gets worse every day lol 🍿
If you want to understand how much is Russia REALLY fucked, i suggest you follow this lady [https://bsky.app/profile/prune602.bsky.social](https://bsky.app/profile/prune602.bsky.social)
Her threads on Russian railways and Government bonds are illuminating, and her predictions are very often on point.
The only real question is whether Russia will crash before destroying Ukraine as well, or if this spiral will be distructive for everyone involved; but the spiral is inevitable now.
As a Ukrainian I hope it never stops.
So? Will they stop the invasion following this?
For the vast majority of people they don’t think long term about things like this.
Your country can spend money as fast as it can, until the last dollar.
You can fire a machine gun right up to the last bullet.
A well provisioned back stock looks identical to healthy supply chain.
From an outside perspective with no inside information a great many things can look healthy and well supplied right up to the point where they run out.
Whoa, 114.5 rubles per USD already? What is this, a new stage of the Russian space program?
Yall gotta remember. Propoganda works very well on people, not so much on math.
Took some time to get the russian central bank ( i think they are the most competent ppl in russia)to give up but better late than never.
They work long term and they hurt very much. Alt right voters are too idiot to understand
Do not understimate the ability of the common Russian folk to tighten their belts. They have a lot of experience with eating nothing but potatoes with salt for years. Most of the russians do infact complain and protest, but only inside their homes and in silence. I traveled across Russia and I spoke with many people from many social layers and almost everyone hated where Russia is heading, but only behind closed doors. .Once they were sure Iam not russian and I wont snitch they opened up quite a bit.
So to sum up, interest rates are sitting at 21% (was 4,5% in 2020); business with EU is basically done and the golden chest to prop shit up is finally dry? And I am not even talking about the loss of life; NATO extension and getting squeezed dry by “friendly” countries. This should be updated to Pornhub to be honest. Thinking under humiliation.
– The sanctions work.
– We could and should be doing a lot more.
These two aren’t mutually exclusive.
Comments are closed.