Is Putin using Biden White Houste spokesmen?
Putin and Russian Oligarch’s are learning, SLOWLY, that they can’t have their war of aggression and a strong ruble too.
In decades as a commercial real estate developer, one of the top 3 things I learned was WHEN to DECISIVELY cut (STOP!) your losses!
What happened to Putin’s pegging the Ruble to gold?
Since the US involved itself in this war, our national debt has increased nearly 2 trillion. The Russian national debt has increased 30 billion during this period. They’ve borrowed that pittance while fighting a major land war and defeating the West in an economic world war.
Looks like a steady and sustained decline now. It’s hard to argue that an 8.5% interest rate is loose monetary policy.
How much is a US penny worth?
what goes around, comes around pooty
Misery loves company. This says more about the dollar than than the ruble. There is global inflation crisis right now.
Gasoline costs half in Russia compared to the USA. The Russian economy is doing just fine… we should be so lucky.
Russian Central Bank To Meet On Tuesday As Ruble Tanks
“On Tuesday, 15 August 2023, the Board of Directors of the Bank of Russia will hold a meeting to consider the level of the key rate,” the central bank said in a statement on Monday.
Maybe the sanctions are having some impact?
Interestingly, assistant to DPR head Yan Gagin echoed this view:
What he says is very interesting. That Russia is ready for a major offensive operations but right now, it continues to conduct defense simply because it’s very profitable at the moment to do so. The reasoning he gives is strong: Ukraine is so desperate to achieve any kind of visible breakthrough that they pour their forces forward in completely unfavorable conditions which allow Russia to decimate them. Thus, he seems to imply that for the time being, as long as the AFU continues their ‘meat-assaults’ Russia will happily go on liquidating them out in the open where it’s quite easy and profitable to do so. Then when the time comes, they’ll launch an offensive.