Posted on 03/12/2022 12:13:07 PM PST by ChicagoConservative27
President Biden said he expected the Russian stock market to blow up the second it reopens in response to crippling sanctions that have been imposed on the country in response to its invasion of Ukraine.
“You know what the value of a ruble versus a dollar? You need 200 rubles to equal $1 today. 200,” Biden boasted to a conference of House Democrats in Philadelphia on Friday. “The totality of our economic sanctions and controls are crushing, crushing the Russian economy,”
(Excerpt) Read more at nypost.com ...
I can’t believe they let this moron speak. What he knows about the Russian stock market could fit on the head of a pin.
Question, say it does crater, does it not cause a cascade globally to some effect?
I wish this classless SOB would STFU.
We’ve hurt ourselves as much or more than Russia.
The financial investment expert senile Sleepy Joe graduated #1 in his business school class!
Oh wait, sorry, he graduated near the very bottom of his class.
And it wasn't business school, it was law school.
Never mind .....
“say it does crater”
I say that russia then becomes a client state to china. Another North korea.
When your debtor lives in another country and has nuclear weapons you’re kinda SOL.
Everyone knows the financial genius senile Sleepy Joe has been around for a very, Very, VERY long time. In fact, senile Sleepy Joe was a do-nothing U.S. Senator for almost 40 Years.
The almost 80-year-old Sleepy Joe is so old that he's the one who actually invented the following financial phrase, popular with Wall Streeters, 62 years ago: "Buy High and Sell Low."

/s
in fact you need 114 rubles to buy a dollar.
So nice these sanctions are having zero impact on our economy.
This was a well thought out sanction campaign and the way Sleepy Joe explains how it will benefit us all is just true leadership. Its Roosevelt after Pearl Harbor all over again
I always wanted to lose thousands of dollars a year on things like food and fuel for Freedom. Thanks middle class Joe
You and your Democrats are doing the same to the US
In his defense Presidents usually let the VP handle to smack talking and Kamala is more adept at awkward cackles and talking to people like they are babies. So that's not an option here.
The idiot and his junta have no idea of the effects of this on America including teaching the world not to trust the dollar, the empowerment of China, skyrocketing fuel prices and runaway inflation.
Good job idiots.
the media gave Trump grief about harsh rhetoric on the campaign trail but Biden could cuss a voter out to his face and threatened to take him out back and have a fight - but it is Trump who lacks the temperament to be President and Biden is just fine.
Something that was so depressing about how Trump’s campaign team ran the media war - so much tape of Biden acting like that could have made for ads that instead no one ever saw. Instead, they all saw a forceful, strong, competent, caring, etc. Biden - Biden and his campaign defined himself entirely on his own terms with zero competing message.
Are rubles cheaper that TP now? Where can we get some?
Tell burden to buy 1.5 trillion dollars worth of rubles, then lift the sanctions and pay off our national debt
so the boy takes bribes while the daddy does stock market manipulations
really sweet family, one and all
/s
When the world realizes Joe Biden actually started this war....the US markets will start to get a little shaky.
We're still protecting Europe 75 years after World War II.
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