>Pre war RUB was at 77USD
>Post war RUB was at 138USD
>RUB now at 98USD
>Search for "why is RUB recovering"?
>Nothing but one article I have to pay 8GBP to read.
So why is RUB recovering?
>Pre war RUB was at 77USD
>Post war RUB was at 138USD
>RUB now at 98USD
>Search for "why is RUB recovering"?
>Nothing but one article I have to pay 8GBP to read.
So why is RUB recovering?
Turns out that the currency of the world's largest energy producer is actually valuable. Crazy.
It's not backed anything
Putin signed a decree yesterday that it makes no sense to accept currencies that are trying to kill the Russian economy. So he instructed Gazprom to start accepting only Rubles for gas exports, starting next week. Now the Europeans have to duck their own sanctions to buy rubles from Russian banks they just kicked off SWIFT. It's fucking glorious.
Western globalist propaganda trying to prop up a dying, debt based system, will say anything to try and devalue an emerging competing system?
...right now
>Now the Europeans have to duck their own sanctions to buy rubles from Russian banks they just kicked off SWIFT. It's fucking glorious.
Italy actually had the right mindset of not wanting to sanction Russia but they got guilt trip
Literally nobody cares for gold-backed currencies. To maintain a growing economy, you need to be able to control the monetary supply. Otherwise you will face issues such as not having enough gold to cover the current growth rate of the economy. Has no one on this board even read a single paragraph about Bretton Woods?
>Has no one on this board even read a single paragraph about Bretton Woods?
Of course not, literally every econ thread on this board can be summed up with
>america and the west are going to collapse because of SJ-er..their economic policy, haha yeah that's it
Forcing people to use something is not a sign of value. Quite the contrary.
I'll RUB one out for you.
>worth less than before
I swear this board has literally the worst hot takes possible on anything economic or business, you guys are literally retarded.
This makes sense
>forcing
Nobody is forced to do anything. They don't have to buy Russian energy.
>because of SJ
I was reading an article about a liberal jew the other day who was seething because he was a recent graduate from law school and all the other (presumably non-yiddish) students didn't want to defend harvey weinstein or other jewish pedos. He chalked it up to SJWs destroying liberalism.
It's funny.
You realize gold can go up in value right? Fucking retard.
Also
>muh economy must grow
>import billions of brown people
>outsource all manufacturing
>hire only h1bs
>destroy everything your country was just so
>muh economy must grow
Woah get a load of this guy
Must be an illinformed timetraveler, forgot to research the past 50+ years of American oil treaties before going on his quaint historical vacation
"Oh you'll love 2022" they said, "plenty of exciting things going on and just after the coronavirus pandemic"
Go back to 2239 buddy, where you belong
Tell that to all the regimes the US toppled in order to instate the petrodollar
>Russia pulls an Ultra Instinct
Lmao
Opposed to what? The dollar? LOL
>Also
>>muh economy must grow
>>import billions of brown people
>>outsource all manufacturing
>>hire only h1bs
>>destroy everything your country was just so
>>muh economy must grow
This is my favorite thing about le russia saviors. Russia is both simultaneously doing so well they're economy is about to explode and trigger the collapse of the us but also who cares about the economy it's actually a jew trick they can be closed off and isolated and that's based so russia is based since that's what they're doing but they're also becoming the leader of the international economy
The few scumbags actually dealing with RU are making a killing. China/India/Brazil/Kebabs, Blackrock and other WS whales, lord of war smuggler types, real energyfags who are still importing Russian gas on pennies on the dollar when Americans are filling up for 6, ditto for wheat, etcetc.
Generally speaking actual Any Forums or people who Any Forums will call merchants.
yeah, they can just freeze to death and have their factories grind to a halt lmao
Imagine hedging against a country with a dying economy in which few countries want to do business with post war. The price of Rubles won't hold. Yes, I'm an economics nerd.
Summer is coming
not anyone else's fault that the US/EU are fucking retarded and stabbed themselves for a country most of their populations couldn't locate on a map a year ago
>control the monetary supply
Yeah, no. Thousands of years of history have proven every time a governing body tries to 'control' a monetary system it's code for debasement and inflating it away to nothing. Get out of here with that Keynesian apologist bullshit. Debt based economy is a FAILURE.
are you retarded? the world economy runs on gas and oil, if europoors don't buy it they're going to be FUCKED
>dying economy in which few countries want to do business with post war.
That's 3 billion people retard, not including Europe and Africa. No wonder you're an econ major, you're retarded
Hahahaha that is just spectacular. Based putin