What is happening to the Russian Ruble?
What is happening to the Russian Ruble?
Joseph Hall
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Isaac Murphy
Its getting stronger as Russia starts only accepting Rubles for its oil and wheat.
It turns out that when you make something people need for survival, People tend to buy from you no matter what.
Leo Lewis
its ripping the globohomo jew cock out of its asshole
Parker Diaz
My dream is a dollar at 30 rubles, as it was in 2007 - 2013
Jordan Gonzalez
It's collapsong due to a masterfully orchestrated sanctions scheme
Lincoln Torres
I'll lmao if the ruble surpasses the dollar in value after this recession
Joshua Watson
China is exchanging the Ruble for CNY for international transaction which since Russia got banned from swift, visa and Mastercard Russian transfers go trough the unipay Chinese system.
Practically china is buying the rubles and giving them dollars and most transactions go ruble->yuan->dollar for Russian companies buying anything that isn't Chinese.
This results in China banks holding a lot of rubles and not selling them because that would tank the value of the Ruble.
Practically this is keeping the ruble up but also it's giving china control over the ruble as they could easily dump and crash it.
For now they will keep buying any outgoing ruble and keep the value high and when this boils over they will slowly sell rubles which will cause the value to drop to real levels but slowly.
Also Russia made it very hard to export rubles besides going trough the aforementioned system, the transaction volume of rubles is very low.
Nathaniel Morris
It's quite simple OP. Since nobody in the civilised world is accepting to trade in rubles, the ruble is now effectively cut off from the dollar and allied currencies like the euro. What this means is that the rouble now exists in a kind of economic vacuum, where the russians can basically make up whatever fucking value they want for it and nobody will say otherwise. Remember here that currency value, like all value, is ultimately down to who runs the currency and who "believes" in it.
Let me give you an analogy: If someone tries to sell literal human shit in a market, nobody will buy it and it will be considered worthless. If you take the same pile of literal human shit in your house alone and declare it to be worth a million dollars, nobody will be around to tell you otherwise, and so for all you care it might as well be worth a million.
Also, keep in mind that it's irrelevant how much supposed value the ruble has if you can't actually use it for anything worthwhile. Even if it got to this point, you can't buy any western products and you can't spend it anywhere outside of russia itself and its' gang of shithole allies, let alone do any kind of effective trade with it.
summary for vatniks who can't read: It's growing in value because it's now isolated from the western financial sphere, so the russians can just give it whatever value they want but can't actually do jack shit with it globally.
Brayden Martinez
>schizophrenic word salad
Wyatt Morales
Matthew Carter
This user gets it. This just goes to show, again, that the ruble growing in value on paper does not mean that russia is somehow "winning" here. They're actively becoming a geopolitical vassal of china because they have no other option to survive financially, being cut off from the west.
Isaac Collins
pretty accurate take but don't expect china to fuck over russia any time soon as they might aswell keep the status quo
Easton Rivera
I left a summary at the bottom for vatniks like you:
>summary for vatniks who can't read: It's growing in value because it's now isolated from the western financial sphere, so the russians can just give it whatever value they want but can't actually do jack shit with it globally.
Anthony Bailey
Nothing. Look at a price chart that includes volume. No one is trading in rubles anymore. It's basically just a fictional numober at this point.
Connor Taylor
aslong as china props it up the ruble isn't going to fail anytime soon and china would be stupid not to as most attention is off them at the moment
Bentley Bell
It's not that hard, even if a product is banned from being exported to Russia it only means that they'll pay an extra 10-15% smugllers fee.
Parker Peterson
This is currency warfare.
The (((petrodollar))) is dead-to-rights.
LNG-for-rubles was just the opening salvo:
zerohedge.com
Justin Ross
are you from Russia? if Yes. Honest question: Can you go to bank/exchange and legally exchange let say 100 million rubles to dollars in cash at rate close to the one posted by OP?
Jason Peterson
hahaha just because you can't understand the words doesn't make his post word salad you fucking idiot
Ryder Miller
midwit take just like all of your /ugh/ comrades. The ruble is still being used no matter how many somali dicks you suck frenchie.
Aaron Lopez
And my dream is a dollar at 0.64 rubles as it was in the USSR
Xavier Sullivan
Russia locked their currency rates, aka they set whatever price they want. It could be 1:1 with the USD, but it doesn't matter, cause nobody is using or trading with it. Small brained repub fags will scream this is RU winning.... it's 1000% the opposite.
Lucas Bailey
His post is bullshit though. Just because frenchie frames it in an unorthodox way doesn't make it manifest automatically in finance terms. (which is basically what he did with his shit in a hut metaphor...frame it in an unorthodox way). Sad that you fell for it so easily.
Lucas Butler
That is true to some extent, but you're delusional if you think a supposed major power like russia needing to resort to smuggling to get western goods like it's fucking 1974 is a win for russia.
Also, just because russians can still technically get their hands on, say, coca cola or nutella from the west doesn't mean they're not deeply cut off in ways that matter much more. My parents were telling me how they have friends in russia who had western bank accounts that they can no longer access from within russia, for example. Shit like that is a massive fucking problem that being able to smuggle in american products will not really fix. You can't run the economy of a country as big as russia on smuggling, user, even if I'm sure the vatniks would have no problem with it.
Z trannies don't know how to read english user, don't bother
Nathaniel Watson
NOOOOOO THIS CAN'T BE HAPPENING IT'S FAKE
Grayson Gomez
>memeflag doesn't understand my post, doesn't refute it, strawmans me and resorts to niggerbrained national stereotypes
Never change, Any Forums.
Jackson Martinez
Mason Nguyen
Kinda loving the cope, considering America’s dick is deep in EU’s asshole yet you pretend to be the last bastion of democracy or whatever. It’s America vs China, and it’s been for a long time. Russia aligning with the latter makes sense if it’s literally your only choice.
Easton Morgan
Yet somehow BRICS is chugging along nicely. Only dopes declare a victory in the face of utter defeat.
Blake Hall
Ian Howard
Whatever. You need to go back to highschool.
Alexander Foster
>spic nigger mutt doesn't understand how markets work
Chase Brown
What the fuck we're in second
Wyatt Allen
If you want to talk about my issues with france as a country then don't get me wrong, this place is FUCKED geopolitically and culturally. I love my country and I am deeply ashamed of what it has become. That said, the position france is in with regards to the US is enviable a thousand times over that of russia's bitchification to china user.
Tyler Sanders
Lots of mental gymnastics.
Fuck ukraine.
Aaron White
They're good posts user, don't mind the vatniggers.
Carson Thomas
The global system is being redesigned. Fuck USD as global currency. Welcome the new multipolar world currency system where everyone trades with his own currencies.
Daniel Taylor
That of a pet to a wheezing master?
Meanwhile, the Russia/China synergy is just getting started.
Michael Martinez
But china is buying oil in rublos, user.
Thomas Ross
It is not going to happen, it would be very detrimental to the economy because Russia depends on exporting materials and energy, the central bank is already trying to devalue it around 70-80.
Eli Ross
ah yes, now the ruble is #1, right next to the south americans and the south africans, the other clear winners in the currency department
Connor Evans
Butthurt reddit 80 iq trance, tells what I can't buy in my country, at the time 100+ countries have not imposed any sanctions on russia and can play the role of proxy in buying anything in any amount
Butthurt reddit 80 iq trance says that the ruble is not traded, he is told that the ruble is traded through other currencies (even the pound sterling can be bought in Russia without limit) he says, yes, and that's bad contradicting himself.
Reddit brain final stage.
Connor Roberts
>Welcome the new multipolar world currency system where everyone trades with his own currencies.
Congratulations to Russia which has invented the pre-English banking system whereby the monarch is "good for it, just lend the money."
Brody Wilson
so ruskies are happy with becoming gook puppets? jesus, what a bad fate
Christopher Nguyen
Um... Its okay?
Jason White
Based Pierre making all the dumb vatniks seethe.
This was a good summary explanation user.
Cameron Miller
go back to poland also that's not how it works moron Russian energy exports have exploded while imports have fallen thanks to the sanctions this causes appreciation to the currency
everything else is /uhg/tranny nigger /k/uck cope