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Putin humiliated as Ruble currency crash sparks televised meltdown among Kremlin allies
Express UK ^ | 8/12/2023 | Oli Smith

Posted on 08/13/2023 11:31:46 AM PDT by marcusmaximus

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To: Paul R.; Kazan
You were wrong.

Own it.

81 posted on 08/13/2023 3:25:49 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: kiryandil

BTW, it is a temporary ban, mostly for political cover, and does not include most of the EU. Ships leaving Ukrainian ports can go to other EU countries than that short (and nearly meaningless for sea-shipped grain) list.

Er, well, it could before Russia shot itself in the foot by shooting up Ukie grain and threatening shipments.

If it becomes therefor necessary to import Ukie grain in large quantity to move it through Bulgaria, Hungary, Poland, Romania, or Slovakia, the EU already stated the “ban” will be modified or taken down.

BTW, the smarter the person, the more good questions they ask. I now have a computer that all told cost me under $200 and it runs rings around anything most people spent $1000 or more for. :-)

So, along the line of questions, and back OT, why is Biden sending only popgun support, relative to US’ capability?


82 posted on 08/13/2023 3:26:02 PM PDT by Paul R. (You know your pullets are dumb if they don't recognize a half Whopper as food!)
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To: kiryandil
Kazan knows this, due to the excellent geopolitical information outlets that he follows.

Best laugh of the day.

83 posted on 08/13/2023 3:28:34 PM PDT by Paul R. (You know your pullets are dumb if they don't recognize a half Whopper as food!)
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To: Paul R.; Kazan
I never go on your begging threads, even though I'm a computer professional, due to the horse blinders you wear on other forum issues.


84 posted on 08/13/2023 3:46:28 PM PDT by kiryandil (China Joe and Paycheck Hunter - the Chink in America's defenses)
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To: marcusmaximus

The award-winning head of the Bank of Russia, Elvira Nabiullina, is very competent, but she is not a magician.

My guess is that the weight of western sanctions plus the loss of productivity from the almost a million young educated Russians who have emigrated, is negatively affecting the Russian economy. Russia has less of value to export, so the ruble is falling against the currencies of the countries they are still trading with, such as India, China, and Hungary. Here’s the chart for the Hungarian Forint:
https://www.xe.com/currencycharts/?from=HUF&to=RUB

But it’s just my guess, and I could always be mistaken. Trends can change!


85 posted on 08/13/2023 3:59:16 PM PDT by devere
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To: hardspunned

Yes. Its always Russia in bad shape.
Even as incredible tyranny and economic hardship is destroying this country.

I read that those alien B movies were designed to provide a bad guy for the public after the great depression.

When it all clears out, Russians will fare much better than us.

Brics in a few weeks, so probably they are stepping up the propaganda now.


86 posted on 08/13/2023 4:02:19 PM PDT by MarMema (Eat your bananas, enjoy the decline)
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To: PGR88

japanse yen is down only about 1.5% against the dollar during the last year:

https://www.google.com/search?q=japanese+yen+vs+US+dollar+chart

Chinese Yuan down about 15% against the dollar during the last year:

https://www.google.com/search?q=chinese+yuan+vs+U.S.+dollar

Indian Rupe down about 6.5% against the dollar during the last year:

https://www.google.com/search?q=oindian+rupee+vs+U.S.+dollar

russian ruble is about 35% against the dollar during the last year:

https://www.google.com/search?q=ruble+vs+U.S.+dollar&oq=ruble+vs+U.S.+dollar

the only one ACTUALLY collapsing is the russian ruble ...

so basically, as usual, you russian trolls are lying your comradley asses off ...


87 posted on 08/13/2023 4:03:00 PM PDT by catnipman (In a post-covid world, ALL "science" is now political science: stolen elections have consequences)
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To: marcusmaximus

False.


88 posted on 08/13/2023 4:12:12 PM PDT by GrumpyOldGuy
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To: Owen

“As for poverty . . . here is a grocery store in Vladivostok:”

Vladivostok is a major city - and on the coast of Bay of Japan.

The poverty of Russia is in the hinterland, in the villages and small towns.


89 posted on 08/13/2023 4:25:24 PM PDT by vladimir998 ( Apparently I'm still living in your head rent free. At least now it isn't empty.)
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To: vladimir998

That actually makes sense. Like Farrell, Mississippi.

I was most interested in the food prices and what a tiny % of income they represent.

Now, it’s important to understand that Russia has its own Federal Reserve bank, and can print money on a whim just like the US can, but they haven’t done that. There has been no need since oil is everything and food a close 2nd.


90 posted on 08/13/2023 4:40:00 PM PDT by Owen
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To: Steven Tyler

Russia has everything their Citizens need.
Russia will now earn more Rubles per barrel of oil
Russia had a bumper wheat crop. More Rubles for Russia
——-
Don’t stop there, food, grain, natural gas, diesel, gasoline, water, metals, uranium, commodities…Russia is basically self sufficient.


91 posted on 08/13/2023 4:42:56 PM PDT by delta7
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To: delta7

They don’t make their own spare parts.

China will squeeze them dry.

And the day Russia opens their markets, their economy will literally collapse.


92 posted on 08/13/2023 4:49:07 PM PDT by Vermont Lt
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To: kiryandil

😂


93 posted on 08/13/2023 5:57:53 PM PDT by Kazan
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To: Paul R.
You're memory is faulty. I never discussed the grain situation in Ukraine.

I've focused solely on the proxy war and refuting the constant propaganda from the Biden regime and neocons. It's been a disaster for Ukraine, for US taxpayers and for this nation's reputation in the rest of the world. And, never mind, we're closer to WWIII and nuclear war than we were during the Cold War. Or that 400,000 or so Ukrainians have died fighting a war they never had a chance to win.

94 posted on 08/13/2023 6:01:35 PM PDT by Kazan
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To: marcusmaximus
Given the strong, better-than-expected Russian GDP, that's obvious.

It's highly unusual to see an economy growing faster than expected but its currency get weaker UNLESS that country wanted to devalue its currency and took measures to do so.

Yes, Putin and the Russians are that much smarter than Biden and our neocons.

95 posted on 08/13/2023 6:05:22 PM PDT by Kazan
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To: catnipman

Pick a different chart.

For your sake, I hope you don’t invest your own money.


96 posted on 08/13/2023 6:34:07 PM PDT by PGR88
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To: marcusmaximus

It’s largely irrelevant if Russia is planning to use commodities instead of currencies for international trade in the long term. The value of the Ruble becomes largely irrelevant if the only part of the world using it is Russia.

That’s why Russia bent over backwards to get the EU paying in roubles. To a western economy that might’ve seemed like a retarded move because if Germany had been paying for oil in Euros, Russia would now be able to spend those euros globally, or convert them to roubles and print a trillion.

But Russia thinks it can be self sufficient. It’s got eleven time zones and has had 30 years to prove it can be self sufficient. But what does it make that doesn’t need imports?

Before the millennium we used to joke about the Albania state washing machine company; the Yugo Zastava, Lada Riva, and Skoda. Soviet era products were a mixed bag but the better stuff was made in the Warsaw Pact region, Belarus and Ukraine. Pretty much nothing came out of Muscovy until it started exporting propaganda and ransomware.


97 posted on 08/14/2023 1:00:42 AM PDT by MalPearce ("You see, but you do not observe". https://www.thefabulous.co/s/2uHEJdj)
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To: Kazan

Nation’s reputation

Destroyed

Economy too

All for

Dnc gay supremacy - diversity


98 posted on 08/14/2023 11:57:28 AM PDT by Firehath
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To: marcusmaximus

BWahahhahhahahhah and F Vlad Putin


99 posted on 08/15/2023 7:32:40 AM PDT by dennisw (Never attribute to incompetence-stupidity, that which is adequately explained by malice)
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