Posted on 05/14/2022 7:15:41 PM PDT by ganeemead
Very good post and right on.
“We don’t have 40 billion to give to Ukraine. I wished the two countries never had a war. But this is NOT our war.”
Inflation is raging here, 8%+ officially, but for food, gas, housing—essentials—it’s closer to 50%.
Fifty. Percent. Inflation.
Milton Friedman won the Nobel Prize in Economics by proving that inflation is caused Only from undeserved expansion of the money supply. Which we call, Deficit Spending.
That 40 billion will come directly out of our wallets via price increases. And part of that free money, by law, goes to pay the government salaries AND PENSIONS of friken Ukraine.
I’m done with Rs at the national level. 90% of them suck.
“are doing even MORE damage to western economies than they are doing to Russia.”
That is false
Right now, Russia is experiencing runaway deflation, due to lack of enough continuing economic activity that actually benefits the people. There is an inverse supply shock as a result of Russia literally eating itself up economically
On May 9th it was announced that ATMs have run out of cash.
The Ruble is being propped up by Russia spending their shrinking reserves to buy it, and by severely limiting the trade in other currencies within Russia. And by requiring profits from companies that are working in Russia to be converted to 80% Rubles, whether the companies want to do that or not. But all of this can only go on for a while, before it falls apart. Keep in mind, there is a certain level that the Ruble may trade at, because Russia is working so hard to prop it up, and then there is the level of what the Ruble is actually worth, and that is considerably different
The Russian stock market remains up simply because Russia is not allowing foreign investors to sell their shares and ownership of stocks in the market. Again, if you can’t sell it, it LOOKS like it is still at the same price, but it’s actual worth is much lower..
Get back to me in 8 months or so when all of Europe is in a full blown economic depression, and our gas price is $8-$10 a gallon.
In 8 months, the EU will not be in a rec7. And USA gas prices will be the same as today or lower
“We are winning” in Ukraine right?
Yes. Trust the plan. Nothing can stop it. Nothing.
As expected, no replies to your question.
Easy,
Just free all those conquered peoples. Like Tatars, Chechens, Yakuts,...
Russia is still a colonial state, ruling over lots of nations, who are not at all related to Russians.
Currency traders aren’t fake and dumb, like the globaloid propagandists selling us wagon loads of Ukrainian HORSESHIT.
Why do you, and a handful of other ranters, rush into every single one of these threads, babbling and parroting bull***.
I would normally say STFU and go weep in the corner, but I like watching you people squeal - like the nasty racoon I shot last night.
Tge volume of trade in ruble conversion is practically 0.
Why do you parrot bull poop from your Pooptin sources?
Azjeep is right.
Tine to restore the Duchy of Muscowy to its borders of 1450
Oregon, Alaska, and Washington State were as well...plann8ng to cheer if Putie wants the northwest back?
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