Russia has lost control of the ruble. They can't keep it down. They want to keep it at 60-70, but it's just getting stronger.
What are the consequences of this in regards to Russian external politics? What are the economical consequences? Surely it hurts Russian resource exporters, right?
Sure, Hans. They could always just print more like the West if that was a concern. Or import more niggers.
They are already printing them and giving huge loans to all sectors of their industry to stop the growth, retard. Too bad it won't work.
The ruble is toxic. Nobody wants the ruble because it's a manipulated currency. Russia is trying to force customers to pay in rubles and they're all taking their business elsewhere
This chart shows the USD to RUB ratio. As it approaches 1, the Ruble is stronger, no weaker. Today $1US is worth 54P. If it was worth fewer (as the line dips, you fucking retard), the doable buys fewer Rubles.
They’ll stop selling gas since it’s becoming uneconomical for them
BTW, they need to keep it since oil and gas is a valuable resource and we are making them a favor by stopping imports
So you print $10T rubles and sell them for other currencies while lowering interest rates. Russia literally could not ask to be in a better economic situation right now.
This is correct, but an expensive ruble is bad for exporters. If they used to get 70 rubles, but now they get 50 for goods in dollars
> oh no I have too little money around cause everybody wants my shit I literally can't print it fast enough how will I ever recover
> ruble is manipulated and toxic
> meanwhile, EUR and USD
Feels like this is a meme thing made by lying economists.
Historically the US dollar has been the strongest currency of all and they benefited the most from free trade and exports...
Everyone in a country should want a strong currency. All arguments against it are midwit takes.
>t. Ahmed, who know nothing about economy
Your currency is worth shit, and that's a good thing
- By Schlomo Levi-Cohen
The Russians have been stockpiling gold for decades.
Canada has none ever since Justin sold it all off.
Gee, I wonder what could go wrong?
Is a high currency the same thing as a strong one?
yet hohols, polaks and zog cry that it's russia that's losing
He's correct. We can't buy anything with it anyway and with a strong ruble they don't get as much taxes as they used to for the budget.
at this rate putin will be able to buy the united states with a single ruble
>giving loans
>to stop growth
ok retard
They should switch central bankers with the US. Everybody wins.
Oh for fuck sakes, Russia only exports resources. In 2011 when ruble was 28 per dollar, Russia exported 500 billion worth of thigs. in 2019 it exported around 300 billion.
kek they’re praying for more sanctions now
Well... fiat currencies value go to zero historically, so if they stay high, it means it is doing well right?
Incompetent governments tend to inflate their currency. So I guess the opposite is better because a fiat has never failed because it was too valuable.
Too much gays and trans-shit, sorry.
The currency rate should also be floating and volatile.
This is what the mental slaves of the IMF in the third world say. All developed countries with strong economies have strong and stable currencies that are not subject to volatility.
But the cost of everything is less because the roubles they get cost more?
It feels like weak currencies of the third world benefit big economies with strong currencies, not the other way around. It is a cope they give us for gov mismanagement and calling it central currency planning.
lol imagine making this comment.. I mean lookit this guys flag, LMAO
learn the basics of how the dollar works you fucking retard-idiot
Yep.
Most of our products are domestic made, it does not negate inflation.
The third world is competing with itself to get scraps from the slave masters. They call the complete subjugation of our countries good, because it is good for them not for us.
You know we are selling everything to foreign powers, and we get? employment. Yes employment good. lmao
at this rate they'll soon be buying Alaska back
They just need to remove the currency controls in place and enjoy the 200r for $1. I wonder why they dont do that lol.
That's how it should be. Russian people are working for the Russian people, not some morbidly obese amermutt that pays you with blood monopoly money.
It's right. Look at the outflow of capital in foreign currency. All Third World countries are running out of capital and have negative balances.
Yeah Russia will collapse in fortnight from now.
Mexico should stop exporting silver to the Comex. Would be hilarious.
Division of labor exists for a reason. No country can be self-sufficient and efficient. You should do what you do best and buy what you need.
>and buy what you need.
True, and for this we need ... an expensive and strong ruble.