The Russian economy is in tatters. This morning the ruble crashed to a brand new record low of 0.71 cents. Two years ago today it was at 1.47 cents.
Russians have seen their income and savings halve in value, with signs that they will slump even lower. Crazy stuff.
Russian economy thread
Aiden Robinson
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Leo Wilson
Our currencies are next.
Noah Cook
Sometimes when spiting the face one must sacrifice a nose or two.
Cooper Morris
Our currencies are doing fine, especially compared to the ruble!
Lincoln Reed
>The Russian economy is in tatters. This morning the ruble crashed to a brand new record low of 0.71 cents. Two years ago today it was at 1.47 cents.
>Russians have seen their income and savings halve in value, with signs that they will slump even lower. Crazy stuff.
Christopher Roberts
Just enjoying the shitshow :)
Luis Moore
THE DPOLLARR IS STILL RELEVANT GAYS, COME BACCCKKKKKKKKK!!!!
Austin Nelson
oh ok user, have fun then
Ethan Powell
who cares about ruble if they have fucktons of oil and gold and are selfsufficient
Easton Phillips
Your reminder that the only thing that matters to a country is purchasing power parity and the US has already fallen behind China
Thomas Cox
Their imports are now more expensive. The stuff they make domestically is THE EXACT SAME PRICE.
Also the "devaluation" is 100% from sanctions. Russian is a net EXPORTER, and they have almost ZERO debt. They are not like Argentina or Zimbabwe; the underlying economy is sound.
Levi Lewis
cunt you ant even afford a house and you rabbit on about the Russians like the stupid fucking brainless cunt that you are.
Wyatt Murphy
russia will convert to chink dollar
they'll be fine
Jack Evans
>muh economics
Tyler Jackson
It doesn't mean their savings halved. It means that the shit they import has just become twice as expensive. That doesn't impact domestically produced good. There is a difference in between Venezuela that doesn't produce anything and the Ruskies that have prepared for years, making steps towards autarky. There are Russian companies that have been running on subsidies for years never turning a profit precisely for times like this.
Carson Ramirez
>ZERO debt
russian companies issued bonds in usd. Pidor said they will be repaid in RUB instead
Ryan Price
youtube.com
I'm not feeling good bros. My money is in crypto and USD how fucked am I?
Alexander James
Cheap Russian whores for everyone!!!
Carter Gonzalez
Bitcoin and USD both doing fine at the moment.
Owen Allen
Isn't this in itself a warcrime? I mean all the blockading by companies and so on of everyday Russians? How does an everyday Russian have any say in what their government does, especially when we're told that Russia is less democratic than we are? It seems absolutely criminal even if you are strongly opposed to the war.
Bentley Moore
Wrong, your currency is the safest and in times of crisis like in March 2020 all the money with fear goes to your currency.
Wyatt Bell
big mag was $1.8 a week ago, now it's $1. ty Putin.
Nolan Green
I've wondered that. This means poverty for millions of Russians who have nothing to do with anything. Pretty funny though.
Lucas Davis
just wait until the fat citiziens wake up, gonna be 0.006 today
Carson Cook
nice way of saying "russia is defaulting on its debt"
Oliver Cook
Why is no one mentioning that Russia has a new gold backed currency, and the Ruble is on it's way out the door?
Daniel Foster
because that gold is worth less than $200 bil, its such a literal nothing burger that you have to smoke old tires to be retarded like that
Nathan Peterson
>Russians have seen their income and savings halve in value, with signs that they will slump even lower. Crazy stuff.
Yep, just like in the end of 2014. I feel like every time i'm close to make it life just beats me to near death condition.
Well, at least i got 3070ti for rouble MSRP(which by current money will be 400usd)
I will either die defending it or will trade it for yacht in 1 year.
Juan Reed
>Since 2012, the ruble has lost nearly 80% of its value
lmao. Nothing personnel.