[Berlin_Freeper]

The Rubble.

[elhombrelibre]

It's so funny to watch this bumbling former KGB nut who thinks he knows how to run the world failing because of basic economics. He's as ill prepared for his position as Obama is for his.

[Berlin_Freeper]

If you owned Apple Inc. (NASDAQ:AAPL), and then sell it, you can purchase all of Russia’s’ stock market and still have money left over to buy an iPhone 6 Plus for every Russian resident.

[vette6387]

If world oil prices stay in the $80 dollar range, Putin will be gone! And Obola had nothing to do with it.

[wetphoenix]

In fact crumbling ruble might be an annoyance for Russian middle class but it is certainly a gift for manufacturers and exporters.
It makes imports way beyond rich of local customers forcing them to buy Russian.
Also exporters’ costs are all in rubles, making their products more affordable abroad.

[SeeSharp]

Really stupid to put cash in a safety deposit box under those conditions. The government will just take it.

[peyton randolph]

Putin has been buying large quantities of gold bullion. It’s either to protect himself and cronies if ruble implodes or to be used for a fractional reserve currency.

[dangerdoc]

Why do you think oil is so cheap? It hurts Russia and fracking at the same time.

[AdmSmith]

Oil price and RUB/USD exch rate on the same chart (June thru now). Bets on when the lines will intersect?



source: https://twitter.com/NoYardstick/status/538683039833128960