Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Russia heading for crash as ruble plummets
money.cnn.com ^ | December 15, 2014 | Mark Thompson

Posted on 12/15/2014 2:41:40 PM PST by Berlin_Freeper

Russia's economy is crashing and its currency appears to be in free fall.

The ruble plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%.

(Excerpt) Read more at money.cnn.com ...


TOPICS: Business/Economy; Front Page News; Russia
KEYWORDS: crimea; currency; donetsk; ruble; russia; russiaeconomy; russiasanctions; ukraine; vladtheimploder
Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-82 next last

1 posted on 12/15/2014 2:41:40 PM PST by Berlin_Freeper
[ Post Reply | Private Reply | View Replies]

To: Berlin_Freeper

When is oil going to be priced in Rubles?


2 posted on 12/15/2014 2:43:47 PM PST by Paladin2
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper
Russian rouble plummets after US Congress passes tough sanctions bill

Dems, GOP Press Obama to Back Russian Sanctions

3 posted on 12/15/2014 2:45:16 PM PST by Berlin_Freeper
[ Post Reply | Private Reply | To 1 | View Replies]

To: All

if we’re borrowing a trillion a year with no intention and no ability to pay it off, does anyone think this is not our future?


4 posted on 12/15/2014 2:45:29 PM PST by willywill
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

I remember when Iran was making all kinds of noise about how it was no longer going to price oil in US dollars. Seems like it was only yesterday.


5 posted on 12/15/2014 2:45:37 PM PST by Steely Tom (Thank you for self-censoring.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: willywill

You don’t get it. We just have to suck slightly less then everyone else.


6 posted on 12/15/2014 2:47:14 PM PST by central_va (I won't be reconstructed and I do not give a damn.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Berlin_Freeper

It sure is going to be hard to build all those Aircraft Carriers and Army Divisions, build an Air Force to dominate the skies against the United States, France, Britain, Germany, and the other 24 NATO nations, and equip their 1 year draftees with futuristic Star Wars weapons, if this keeps up.


7 posted on 12/15/2014 2:47:55 PM PST by ansel12
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

This reminds me of what happened in the 1930’s. Unfortunately, you haven’t heard the end of the new Russian TZAR, Mr Putin. If he has to protect his place in the Russian higher archy, he will start a war somewhere, in all probability, in the Middle East. A war in the Middle East will jack up the oil prices all over the world.


8 posted on 12/15/2014 2:48:51 PM PST by gingerbread
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

Uncomfortable deja vous. Prelude to....and pretext for...
war. And obam owns it.


9 posted on 12/15/2014 2:50:24 PM PST by dasboot
[ Post Reply | Private Reply | To 1 | View Replies]

To: ansel12
Denmark challenges Russia
10 posted on 12/15/2014 2:50:45 PM PST by Berlin_Freeper
[ Post Reply | Private Reply | To 7 | View Replies]

To: willywill

I dont think Russia has nearly the debt we have.

Of course, their oil revenues are getting slaughtered.

I am almost always glad I don’t live in Russia. Today I am even happier I am not there.


11 posted on 12/15/2014 2:54:30 PM PST by Vermont Lt (Ebola: Death is a lagging indicator.)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Berlin_Freeper

Population - October 2014 estimate 5,655,750
12 posted on 12/15/2014 2:55:08 PM PST by Berlin_Freeper
[ Post Reply | Private Reply | To 10 | View Replies]

To: Berlin_Freeper
All this recent hubbub is becoming clear, it always works like that. Ivan will have a Futile and Stupid Gesture in the works and send in the tanks.


13 posted on 12/15/2014 2:56:04 PM PST by ImJustAnotherOkie
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper; wetphoenix
It's almost 2:00 AM in Москва, so the [all]wetphony won't be getting his instructions for a few hours yet. He will soon explain how a plummeting ruble is actually a great "buy opportunity" for Western investment when he gets up.
14 posted on 12/15/2014 2:56:11 PM PST by FredZarguna (I'm gonna take this counter top, and I'm gonna whop you on that side of your face with it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

Denmark challenges Russia

From that source:

“but the North Pole itself is unlikely to have much oil or gas beneath its deep waters.

But above it is the world’s biggest toy factory that makes wooden trains and hobby horses and stuff! And slave labor that looks like kids but are Little People! And some fat dude who runs the whole shebang!

Cue Raging Rudolph: https://www.youtube.com/watch?v=icjh6wGUUfE


15 posted on 12/15/2014 2:57:41 PM PST by freedumb2003 (AGW: Settled Science? If so, there would only be one model and it would agree with measurements)
[ Post Reply | Private Reply | To 10 | View Replies]

To: ansel12

“It sure is going to be hard to build all those Aircraft Carriers and Army Divisions, build an Air Force to dominate the skies against the United States, France, Britain, Germany, and the other 24 NATO nations, and equip their 1 year draftees with futuristic Star Wars weapons, if this keeps up.”

Is this deja vu, all over again?


16 posted on 12/15/2014 2:59:06 PM PST by truth_seeker
[ Post Reply | Private Reply | To 7 | View Replies]

To: Vermont Lt
Russia's economy is now roughly the size of Spain's. Interest rates are nearing 20%, which, with a sharply devaluing currency will lead to a catastrophic liquidity crisis soon. Worse yet, they make nearly nothing. All of their income and potential growth come from selling off their natural resources, the prices for which are still falling.

Today is not a good day to be in Russia, and tomorrow is going to be a lot worse.

17 posted on 12/15/2014 3:01:49 PM PST by FredZarguna (I'm gonna take this counter top, and I'm gonna whop you on that side of your face with it.)
[ Post Reply | Private Reply | To 11 | View Replies]

To: FredZarguna

or standing in line at the locked bank doors.


18 posted on 12/15/2014 3:02:32 PM PST by Berlin_Freeper
[ Post Reply | Private Reply | To 14 | View Replies]

To: Berlin_Freeper

I believe he takes his marching orders first, then attends to personal business.


19 posted on 12/15/2014 3:03:31 PM PST by FredZarguna (I'm gonna take this counter top, and I'm gonna whop you on that side of your face with it.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Berlin_Freeper

It’s time for Putin to send in more tanks.


20 posted on 12/15/2014 3:03:48 PM PST by Gritty (The purpose of Political Correctness is to humiliate, force you to acquiesce in the lies-Mark Steyn)
[ Post Reply | Private Reply | To 1 | View Replies]


Navigation: use the links below to view more comments.
first 1-2021-4041-6061-8081-82 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson