Posted on 03/23/2022 7:47:44 AM PDT by Oldeconomybuyer
“So now when the ruble weakens futher, the unfriendly countries will have to pay less. What financial idiot. “No, don’t throw us in the ruble patch.”
They have to buy the rubles first.
Study economics. It will edify you.
I'm sure we will see an "analysis" from MSM showing this to be a horrible case of deflation.
“Do you think there is much planting in the Ukraine?”
—
Nope.
https://www.dailywire.com/news/food-prices-are-about-to-get-even-more-exorbitant
LOL. Just like Russia is losing to Ukraine.
When the war started the Rouble fell, but has been slowly coming back up, I would say going long the rouble would be a good play.
How much forex have you traded in your lifetime?
You are absolutely correct.
It is the ability to control the currency that maintained the US so powerful for so many years. Thanks to the 10% guy it is no longer a monopoly.
And China will follow, have no doubt.
“Putin is putting a lot of pressure on European governments to become less dependent on Russian energy.”
That takes a decade or two.
And Russia will ALWAYS BE at least 10% cheaper.
No need to smuggle. Just sell the oil and gas through third parties that aren’t covered by any sanctions.
Long term, this Ukraine conflict and our use of economic warfare will cause Russia and China to move closer together. It will energize the effort with BRICs: https://en.wikipedia.org/wiki/BRIC
Short term, we will inflict far more damage on them but we will also feel this since they are a major global world energy, wheat, fertilizer, titanium (aviation) and platinum (chemical/automotive) supplier.
No country has the Reserve Status of the US Dollar which doesn’t allow them to be so negligent with their currency
“How much forex have you traded in your lifetime?”
Irrelevant.
Europeans will have to purchase Rubles to purchase Russian gas.
The ruble will increase in cost and value.
Or, they can do without the gas. Their choice.
I am quite educated in economics.
For you to think that 3% change is meaningful shows what a clown you are. It's daily range has been 3-4X that for weeks.
Agree...makes no sense.
What short-term damage in Russia? Do you mean the exit of McDonald’s and Victoria’s Secret?
“Also all this nonsense make smuggling of Russian oil, gas and fertilizer extremely lucrative. Suspect Putin has some old KGB buddies who are well experienced and adept at smuggling. No doubt Putin is getting his cut.”
Of course not. All they will need to do is call Xiden and he’ll get his corrupt buddies or Hunter to jump right on that little problem — for, of course, the standard 10% for the “big guy.”
Russia will cut off anyone who doesn’t pay.
And they have pay in rubles.
McFaul is having a public wet dream. What he wants will NEVER HAPPEN.
Did you see the Russian trade balance? With sanctions it is going to improve further. No reason for ruble to deprecate.
The overconfidence is astounding.
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