FReegards!
Posted on 09/16/2014 12:16:28 PM PDT by Tailgunner Joe
Russian authorities told people not to panic on Tuesday as the battered ruble plunged to record lows, floored by tensions with the West over Ukraine, new sanctions and falling oil prices.
The national currency fell to 38.82 rubles per dollar after weakening on Monday to below 38 against the dollar for the first time.
It also broke through the symbolic level of 50 rubles per euro for the first time in several months.
The ruble has slumped as investors fret about the impact of ever more stringent Western sanctions on the economy, which is already teetering on the verge of recession.
Ordinary Russians said they were concerned that a weaker ruble would drive up inflation and make foreign trips and foreign currency-denominated purchases an increasingly unaffordable luxury.
Deputy Finance Minister Alexei Moiseyev sought to put on a brave face, saying authorities were taking steps to curb inflation.
"Don't panic," he said.
(Excerpt) Read more at uk.finance.yahoo.com ...
They always warn people not to panic right when they should already be in a full blown panic.
As soon as our Secretary of Treasury tells us not to panic I will know the dollar is going bust within 48 hours or so.
Charmin sells a nice ruble...
Russia is too big to fail. Call the Fed!
“Don’t Panic!” Yeah, remember “you’ve a strong and admirable leader.” Yeah, that’s the ticket, not a mean spirited-second-generation secret policeman who, like his father, supported the communist party. Hey, now is the time for all good Russian cranks and Putinistas to pull together. Let’s think up a slogan. Commies like sloganeering. “Bring back the GULAG.” “Empire and Poverty.” “Mercurial and Capricious Rule Now.” “Down with the Rule of Law!” “Crony Capitalism for former Commies.” Maybe the winner can have a free weekend at former KGB Dacha.
It’s more simple than that . . . RT won’t even have to call a meeting before the decision to blame George Soros is made.
Well, yeah on FReeRepublic, but in Russia where the people are more aware of the real face of Putin and the former Soviet Union, there is a need for something more persuasive than that which dupes dopes keen to believe Putin’s a STRONG leader with good Christian values.
I think it can finally be said that the American Putin Boot Lickers, the Putin Sycophants and the Putin Apologists are now extinct.
However, that Russian Paranoia the prevents their country from being part of Europe in economy or in culture lives on as Putin drags them further into the darkness of a dungeon as bleak as those dark days of the USSR.
Tsar Vlad.
Who? Me worry?
The Bear Rises.
“...but in Russia where the people are more aware of the real face of Putin and the former Soviet Union, there is a need for something more persuasive than that which dupes dopes keen to believe Putin’s a STRONG leader with good Christian values.”
The Russians not only suffer a paranoia, but they suffer from mass battered wife syndrome and an acute case of Stockholm Syndrome. The more brutal and corrupt their master, the more they love their master.
Like that battered wife, they refuse to leave their house, they are so backwards, they have refused to leave the 19th century.
Yes, the Russian people like a slave master. Sadly, they admire the strongman who is unconstrained by law, reason, decency, or Christianity. They’re much like the Putin worshippers I’ve met.
can the Ruble be shorted?
FReegards!
The thug was unhooking from the dollar, the Ruble was strong. ha ha
Another bad turn thug, maybe you should let someone else drive, and you go shirtless and get your picture taken.
I was hoping that would be true in 2008, after their disinformation campaign regarding the invasion of Georgia wrapped-up. Nope, they'll be back. Just wait 'til the next military escapade.
What rhymes with “Renminbi”?
Hopefully, KGB grease-ball Putin won’t divert attention from this currency free-fall by again invading a neighboring country - or again shooting down a commercial airliner.
Has George Soros been dabbling in Russian Currency? That is his usual method of refreshing his fortune, and it costs a lot to foment a war in the Ukraine.
Generating the crisis, then profiting from it, is not a game for the nervous types. But Soros has been at this technique for so long, he can almost sleep-walk through such a routine take-down of an economy. Any economy.
I don’t think it is sanctions, the price of oil has been dropping.
Kronos77:Putin says oil wars with Russia will make West bleed http://www.freerepublic.com/focus/news/3145493/posts
wetphoenix: Petro-dollar era is officially over as Gazprom begins sales in Yuan and Rouble http://www.freerepublic.com/focus/news/3198316/posts
wetphoenix: Russia, China sign deal to bypass U.S. dollar
http://www.freerepublic.com/focus/news/3158842/posts
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