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Ukraine War Update: Russia Got Richer While West Shed Trillions of Dollars – US Lost $5.9 Trillion
Gateway Pundit ^ | Aug. 17, 2023 | Jim Hoft

Posted on 08/17/2023 9:34:11 AM PDT by Kazan

Russians got richer last year during the War in Ukraine.

The West shed trillions with the US leading the way losing $5.9 trillion under Joe Biden.

MORE – The US lost more wealth than any other country last year, shedding $5.9 trillion, while North America and Europe combined got $10.9 trillion poorer.https://t.co/Q25EFnbs4f

— Disclose.tv (@disclosetv) August 16, 2023

The Business Insider reported:

Russians got richer last year even as the war in Ukraine raged on, while the US and Europe lost trillions of dollars, UBS reported.

Russia added $600 billion of total wealth, the Swiss bank found in its annual Global Wealth Report, published Tuesday.

The number of Russian millionaires also rose by about 56,000 to 408,000 in 2022, while the number of ultra-high-net-worth individuals — people worth over $50 million — jumped by nearly 4,500.

But the US lost more wealth than any other country last year, shedding $5.9 trillion, while North America and Europe combined got $10.9 trillion poorer, UBS reported.


TOPICS:
KEYWORDS: economy; failedproxywar; russia; ukraine Comment #1 Removed by Moderator

To: Kazan

Hunter and Joe got richer. That’s all that matters.


2 posted on 08/17/2023 9:38:23 AM PDT by MMusson
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To: Kazan

Hunter and Joe got richer. That’s all that matters.


3 posted on 08/17/2023 9:38:25 AM PDT by MMusson
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To: Kazan

All going according to the plan to bring about a one world government.


4 posted on 08/17/2023 9:44:28 AM PDT by MAAG (The LORD does not choose sides, HE is a side.)
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To: MMusson

Tell me we ARE winning this, right?


5 posted on 08/17/2023 9:44:57 AM PDT by AndyJackson
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To: MMusson

Almost all of CONgress got richer too. If they didnt get their cut from Ukraine, there wouldnt be a war right now.


6 posted on 08/17/2023 9:44:58 AM PDT by davidb56
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To: MMusson

All to keep from exposing politicians who have their hands in the cookie jar.


7 posted on 08/17/2023 9:46:56 AM PDT by bk1000 (Banned from Breitbart)
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To: Kazan; All
Russia Got Richer While West Shed Trillions of Dollars – US Lost $5.9 Trillion

Big win for GloboPedoHomoNazi Ukraine, and FR Zeepers.

8 posted on 08/17/2023 9:51:42 AM PDT by Navy Patriot (Celebrate Decivilization)
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To: MMusson

That’ll teach us! Now let’s outlaw Heterosexuality!!


9 posted on 08/17/2023 10:30:27 AM PDT by Jan_Sobieski (Sanctification)
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To: Kazan

How’s your ruble account doing?


10 posted on 08/17/2023 11:17:27 AM PDT by MeganC (There is nothing feminine about feminism. )
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To: Kazan

“The number of Russian millionaires also rose”

It only takes US$10,607.38 to be a “millionaire” in Ruzzia.


11 posted on 08/17/2023 11:20:19 AM PDT by MeganC (There is nothing feminine about feminism. )
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To: MMusson

Plenty of politicians here on both sides of the aisle have gotten rich, along with their family members and their biggest campaign donors.


12 posted on 08/17/2023 11:52:31 AM PDT by mass55th (“Courage is being scared to death, but saddling up anyway.” ― John Wayne)
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To: MeganC

Wrong. All the numbers presented were in US dollars.


13 posted on 08/17/2023 12:44:48 PM PDT by Kazan
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To: MMusson
Re: MMusson - Post #2

My comment is NOT directly related to Post #2.

The FR Admin. deleted Post #1, so I do not know how to make a general observation about "Russia Got Richer."

The Russian Ruble exchange rate has literally collapsed over the last year.

One year ago, it cost 56 Rubles to purchase $1 US Dollar.

Yesterday, it cost almost 100 Rubles to buy $1 US Dollar.

Yesterday, the exchange rate value of 1 Ruble was equal to one USA penny!

A little hard to believe that Russia is getting richer and the USA is getting poorer.

Here is a link to the USD-RUB chart...

https://www.cnbc.com/quotes/RUB=

It is counter-intuitive. The higher the Ruble goes, the less the Ruble is worth against the US Dollar.

14 posted on 08/17/2023 1:25:24 PM PDT by zeestephen (Trump "Lost" By 43,000 Votes - Spread Across Three States - GA, WI, AZ)
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To: zeestephen
A little hard to believe that Russia is getting richer

They aren't, but commies lie and fools believe them.

15 posted on 08/17/2023 1:34:08 PM PDT by Toddsterpatriot (TANSTAAFL)
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