Posted on 01/21/2016 5:12:47 AM PST by Berlin_Freeper
The Russian ruble has just collapsed to its lowest ever level.
It dropped 4% to 82 rubles per U.S. dollar on Wednesday, passing a previous low hit in late 2014 and piling on the pain for an economy already deep in recession.
The latest slump was triggered by another steep drop in oil prices -- crude sank below $27 a barrel to its lowest level since September 2003. The ruble often mirrors movements in oil prices because the Russian economy is extremely dependent on energy.
(Excerpt) Read more at money.cnn.com ...
End Time Bible Prophecy Ping.
Magog Ezekiel 38-39
To be on the End Time Bible Prophecy Ping list FReep mail me or saveferris
Not good for Putin’s military modernization nor his war in Syria.
Bargain time for Russian mail order brides.
Is this flight from rubles to dollars or is this flight from oil to dollars. Not sure it makes a difference either way though.
Russian, and Ukraine, and Greek, and ......
Backing the bear into a corner may have unintended consequences.
“It dropped 4% to 82 rubles per U.S. dollar on Wednesday, passing a previous low hit in late 2014 and piling on the pain for an economy already deep in recession. “
I’m confused. They say the strong dollar is hurting us. Shouldn’t they be booming?
Having a one trick economy has “unintended consequences.”
I read somewhere that they need oil to be at least $42 a barrel in order for them to pay their debts.
Looks like they are in deep trouble!
Sucks to be Poland. Again.
probably not
but it will be good for weapons sales
the rubes out there can get jet planes and rockets for cheap
Russia: Debt-to-GDP ratio = 12.2%
These countries should pop first:
Japan 174.3125 
Zimbabwe 129.4165
Greece 158.339 
Saint Kitts and Nevis 113.481 
Portugal 121.3
Antigua and Barbuda 109.575
Lebanon 131.04  
Jamaica 135.029 
Italy 114.654 
Iceland 93.565 
Eritrea 120.887 
Ireland 110.162 
Singapore 109.782 
Grenada 111.2835
United States 80.18
https://en.wikipedia.org/wiki/List_of_countries_by_public_debt
https://en.wikipedia.org/wiki/Debt-to-GDP_ratio
It’s gonna happen Russia, will invade Israel this going on is part of it reason being the Prophet, Ezekiel says that Russia (Magog) and it’s alliance, is their to plunder this fits part of the narrative, for them to wanna plunder along with Israel’s vast energy resources.
BS
My advice is to put the book down and enjoy what like has to offer.
Should only affect import-dependent industries which their military is mostly immune to. Their military is more impacted by low oil prices since Russia’s oil exports are used to fund Russia’s federal budget.
It’d be a good time to vacation in Russia, well, in the spring. The Hermitage museum complex in Saint Petersburg is much larger than the Louvre with many more exhibits.
It’s not bs it’s been foretold in the book of Ezekiel and it will come to pass.
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