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Why did the Russian ruble fall again?
Deutsche Welle ^
| 4/21/2023
| Jo Harper
Posted on 04/22/2023 7:20:29 AM PDT by marcusmaximus
click here to read article
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To: Dr. Sivana
“Russia’s own resources are going into things that get used up in combat or destroyed, instead of making things (other than oil/gas) that can be exported.”
Since roughly 1991, Russia’s only exportable goods have been oil. natural gas, and weapons (the latter only to its few remaining “allies” or corrupted African dictators).
To: Kazan
I assume you’re in Wagner as a Russian mercenary since you hate Ukrainians so much?
To: Owen
__”You missed the point.”
No.
The linked chart clearly shows the ruble dropping against the yuan.
That said you are free to believe whatever you like.
With your firm belief in the value of the ruble, you should buy lots of them and Russian ETFs, which in your view are currently undervalued.
23
posted on
04/22/2023 12:00:23 PM PDT
by
DUMBGRUNT
( "The enemy has overrun us. We are blowing up everything. Vive la France!"Dien Bien Phu last messa)
To: riverdawg
Since roughly 1991, Russia’s only exportable goods have been oil. natural gas, and weapons (the latter only to its few remaining “allies” or corrupted African dictators).
They also use and export some strategic materials (it was an issue because some of them were only readily available from South Africa as an alternative, and folks wanted to boycott S.S. and we weren't trading with the USSR). Anyway. if they are using the weapons themselves, they aren't getting the money from exporting them.
24
posted on
04/22/2023 12:06:53 PM PDT
by
Dr. Sivana
("If you can’t say something nice . . . say the Rosary." [Red Badger])
To: Kazan
82.046 RUB/USD on 17 Apr 2023. 60.384 RUB/USD on 24 Nov 2022. Russian officials attribute much of the ruble’s decline during this period to increased capital outflows.
To: marcusmaximus
Simple. If you can’t use it due to sanctions then it’s worthless.
To: DUMBGRUNT
What is wrong with you. You’re the only one talking about currency.
I would prefer oil. Barrels or tonnes depending on the viscosity sought. Better yet, the land over it.
Oil is priced in joules. That price never changes.
27
posted on
04/22/2023 2:35:05 PM PDT
by
Owen
To: Ledgerfreedom; Kazan
28
posted on
04/22/2023 2:45:39 PM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: Ledgerfreedom; kiryandil
29
posted on
04/22/2023 4:46:12 PM PDT
by
cabojoe
To: cabojoe; Ledgerfreedom
LOL!
Poor doomed Wangers. :)
30
posted on
04/22/2023 5:51:28 PM PDT
by
kiryandil
(China Joe and Paycheck Hunter - the Chink in America's defenses)
To: Kazan
You’re good with name calling propagandist.
Russia sucks.
31
posted on
04/23/2023 1:13:34 PM PDT
by
Williams
(Stop Tolerating The Intolerant)
To: kiryandil; Ledgerfreedom; Bikkuri; Jane Long
Happy 3-week FR anniversary tomorrow, Ledgerfreedom. Well, that was short-lived. 😆😄
The lightning came swiftly for Ledgerfreedom.
32
posted on
04/23/2023 1:18:34 PM PDT
by
Allegra
To: Ledgerfreedom; 2ndDivisionVet; 50mm; Arrowhead1952; Old Sarge; shibumi; .44 Special; 230FMJ; ...
H/T to Allegra
*** click the name to check ***
33
posted on
04/23/2023 5:02:16 PM PDT
by
Bikkuri
(I am proud to be a PureBlood.)
To: Bikkuri
I didn’t even get to know him so that I can not miss him.
34
posted on
04/23/2023 5:12:40 PM PDT
by
dforest
(All of America has derailed.)
To: chopperk
Only Trump can put a stop to this eventuality.
- - - - - - -
No, he can’t. The only way is cutting spending.
He didn’t do it and will not do it.
35
posted on
04/23/2023 5:14:32 PM PDT
by
TTFX
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