The Ruble Is Crashing

Business Insider ^ | 29 Dec 14 | Elena Holodny

[elhombrelibre]

I’m sure the Putinistas will be along to tell me how smart their man Putin is and how grand Putinstan is. Right!

[MeshugeMikey]

some ruskie wag will brag that they are far out in front of America in this regard

[BigEdLB]

53.5R to $1

[SkyDancer]

Putin brought it on himself then starts blaming every other country for it ...

[Crusher138]

But, but, but I thought the sanctions were narrow and ineffective and that the Russians just laughed at them.

I think we are being set up as the boogieman. Explaining to the average Russian that having the bulk of their economy based on oil production and pricing is a bad thing would lead to discontent with the leadership. Instead, blame it on the imperialistic Americans who don’t want Russia to save their brethren in the Ukraine from the horrible Ukrainian fascists. Those evil Americans imposed crippling sanctions designed to starve Russian children.

This will not end well.

[The Ghost of FReepers Past]

I will not celebrate this.

[elhombrelibre]

No, I’m sure you won’t! Haahahha. You hurt when Putin hurts.

[nikos1121]

The sanctions are taking a toll, but by far it’s the falling price of oil

[elhombrelibre]

Fracking oil, the free enterprise system, and the Saudis leading OPEC to hurt Iran, Putinstan (formerly known as Russia), and the frackers got us here.

[DUMBGRUNT]

Note that it is difficult to get up while holding the other SOB down.

Our very own dumb leader monkeys around with complex systems that he knows nothing about.

As things go south we will see the flexibility.

“This is my last election. After my election I have more flexibility,”

Not that they shouldn’t poke the bear, but our jamoke is not up to the task.

[The Ghost of FReepers Past]

No. But neither do I have hate in my heart for all things Russian like you do.

[navyguy]

I think I read somewhere recently that for each dollar per barrel that the price of oil drops it costs the Russians 1 billion per week. That really starts to add up when the price drops 40 bucks.

[elhombrelibre]

Not Russians, bozo, Putin, the KGB, and communism.

[The Ghost of FReepers Past]

In case no one told you, they are no longer communist.

All Russians are suffering under the economic collapse you cheer and celebrate. All I said was that I refuse to celebrate and you bring out hatred toward me for that. You seem more communist minded that they do in that you have zero toleration for opposing views.

[MeshugeMikey]

the slide continues....at about 180º

[elhombrelibre]

You want me to tolerate a criminal like Putin and to think he represents decency. You’re full of beans.

[Go Gordon]

I think I read somewhere recently that for each dollar per barrel that the price of oil drops it costs the Russians 1 billion per week.

You mean they produce a billion barrels of oil per week? That sounds awfully high.

[ansel12]

Geez Hillary, give it a rest.

[familyop]

WTI crude is less than $54. Maybe it will go down to near $20 and stay there for about a year or so.

;-)