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Why Russia May Not Be Able To Save The Ruble
businessinsider.com ^ | Nov. 15, 2014 | The Economist

Posted on 11/17/2014 2:31:16 AM PST by Berlin_Freeper

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To: wetphoenix

tell me about russian panty hose


21 posted on 11/17/2014 7:01:25 AM PST by bert ((K.E.; N.P.; GOPc.;+12, 73, ..... Obama is public enemy #1)
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To: bert

http://karmenta.ru/catalog/

Local one. Dozens other major brands. Most international brands are making for Russian market in Russia too.

You would be surprised to learn Russia have domestically manufactured HDTVs and smartphones.

US has none at the time. It is probably needed to import parts to make HUD for a fighter jet.


22 posted on 11/17/2014 7:10:27 AM PST by wetphoenix
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To: Former Proud Canadian; Boiler Plate

Sorry, fellas. You seems like stuck in the 1980s. I know numerous Russian products I would pick ahead of American or even German.


23 posted on 11/17/2014 8:01:20 AM PST by wetphoenix
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To: wetphoenix
Well, as far as I remember last time Russian government did something like that was under Stalin’s presidency.

My memory is better than yours. Yeltsin simply cancelled all notes larger than twenty rubles, thereby confiscating the savings of everyone who was hoarding cash.

EU has worse record in newer history regarding Cyprus.

Newer yes. Worse? Maybe. It's all pretty bad.

24 posted on 11/17/2014 8:02:59 AM PST by SeeSharp
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To: SeeSharp

~My memory is better than yours. Yeltsin simply cancelled all notes larger than twenty rubles, thereby confiscating the savings of everyone who was hoarding cash.~

Hmmm. I actually remember Yeltsinite era since he was a governor of my state long before becoming a president of Russia.
I can remember a lot of bad things about him but confiscating cash is something really new to me.


25 posted on 11/17/2014 8:07:46 AM PST by wetphoenix
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To: wetphoenix
...but confiscating cash is something really new to me.

You don't remember the cancellation of the ruble notes? How old were you then? That was a big deal.

26 posted on 11/17/2014 9:35:18 AM PST by SeeSharp
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To: SeeSharp

What year exactly?


27 posted on 11/17/2014 9:40:53 AM PST by wetphoenix
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To: wetphoenix
I stand corrected. It was not Yeltsin. It was Gorbachev. Here is a link to an old article: Gorbachev voids 50-ruble, 100-ruble notes. It happened in 1991.
28 posted on 11/17/2014 9:43:57 AM PST by SeeSharp
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To: WhiskeyX

Thank you for ably demonstrating you are just as clueless about economics and banking as any typical Russian Communist ever was.

...

Actually typical of almost any politician, anywhere. They all love to destroy their currencies and focus on exports, even though their exports are usually a small fraction of their economies. It should also be noted that a weak currency policy also supports reckless spending, graft, and corruption.


29 posted on 11/17/2014 10:05:51 AM PST by Moonman62 (The US has become a government with a country, rather than a country with a government.)
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To: wetphoenix
"I know numerous Russian products I would pick ahead of American or even German."

Could you name a few?

30 posted on 11/17/2014 10:40:26 AM PST by Former Proud Canadian
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To: wetphoenix

Do tell.


31 posted on 11/17/2014 12:49:33 PM PST by Boiler Plate ("Why be difficult, when with just a little more work, you can be impossible" Mom)
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To: Former Proud Canadian; Boiler Plate

Most of all foods, confectionery, furniture, jewellery, some
software, affordable firearms and ammo, fur products, many textiles and so on. Consumer electronics is on par. Russian-built Ford, GM, Renault and FIAT are actually more reliable.


32 posted on 11/17/2014 4:47:34 PM PST by wetphoenix
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To: wetphoenix
Sorry, fellas. You seems like stuck in the 1980s. I know numerous Russian products I would pick ahead of American or even German.

I find that Soviet era portable radios look interesting, do they still make radios in Russia? Their calculators and even computers from the 1980's were interesting too, it wasn't too well known but there was even a home computer following in the USSR.
33 posted on 11/17/2014 4:54:39 PM PST by Nowhere Man (Mom I miss you! (8-20-1938 to 11-18-2013) Cancer sucks)
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To: Nowhere Man

There are radios but it is a niche product these days. And yes, I owned numerous Soviet computers back when.


34 posted on 11/17/2014 5:02:46 PM PST by wetphoenix
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To: SeeSharp

Ah I got it now. Gorby was used to idiotic things and it was one of his jewels.
He must be happy he wasn’t hanged after the evil empire crumbled.


35 posted on 11/17/2014 5:55:41 PM PST by wetphoenix
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To: wetphoenix

I think Gorbachev was probably a little stunned at how fast the world moved on. When he finally accepted the obvious and announced his resignation all he heard was crickets. Nobody cared.


36 posted on 11/17/2014 6:13:19 PM PST by SeeSharp
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To: wetphoenix

Weapons I already covered. Fur products I agree. The top exports after energy are raw materials, such as Iron, Aluminum, Wheat, Gold and Diamonds in that order.

Russia’s top imports are cars and car parts. Kinda makes you wonder about how good the cars are then. Ural motorcycles, which are the only Russian vehicle sold in the US is considered to be the least reliable motorcycle money can buy.

Anyway here is the poop on what they export. Vehicles and electronics don’t even make on the list.

http://atlas.media.mit.edu/explore/tree_map/hs/export/rus/all/show/2012/


37 posted on 11/18/2014 3:09:53 AM PST by Boiler Plate ("Why be difficult, when with just a little more work, you can be impossible" Mom)
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To: Boiler Plate

Goods are barely exported not because they are bad but because they are expensive. Costs, especially labor, are very high mostly due to a leftover Soviet labor regulations which are yet to be finally abandoned, but lower ruble is the way to drive costs down.
As for Ural motorcycles it is not the most fitting example. An idea of these motorcycles it that they are factually a 1940s motorcycles, made under 1940s technology - a kind of fetish for people who admires vintage classics.
You can’t expect them to cope with Honda on reliability.


38 posted on 11/18/2014 3:24:53 AM PST by wetphoenix
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To: wetphoenix
The Ural is a copy of the old BMW motorcycle. The BMWs despite their age are still more reliable. You would think that after making the same thing for 60 years they would at least have improved the quality.

Well I do hope you enjoy your Russian car, stereo and furniture. I'll stick with my German car, American truck, Japanese home theater and Norwegian sweaters.

Warmest Regards,
Boiler Plate

39 posted on 11/18/2014 2:50:18 PM PST by Boiler Plate ("Why be difficult, when with just a little more work, you can be impossible" Mom)
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To: Boiler Plate; wetphoenix

The Soviets did make one vehicle which was said to be quite reliable and well built, the Lada Niva SUV back in the 1980’s. The also made some interesting looking stereo equipment like the Korvet 038 turntable, it had a space look to it, very neat looking.


40 posted on 11/18/2014 4:35:56 PM PST by Nowhere Man (Mom I miss you! (8-20-1938 to 11-18-2013) Cancer sucks)
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