Posted on 03/29/2022 5:34:56 AM PDT by JonPreston
The U.S. dollar was plunging against the Russian ruble as Russia and Ukraine negotiators completed a round of talks in Turkey. The dollar USDRUB, -11.05% fetched 85.13 rubles, down from 95 rubles, as reports from Russian news wires suggested some progress in the negotiations. U.S. stock futures
(Excerpt) Read more at marketwatch.com ...
It had recovered a bunch;
https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
Yes, it’s only down app. 10% from it’s low. This is yet another Biden misstep. Why any Republican stands behind anything he says or does is beyond me.
The headline is misleading. It is more accurate to say that the ruble is soaring against the dollar.
Against a basket of currencies, the US Dollar has been trading between 98-100 for the entire month of March.
That is the highest the USD has traded in almost two years.
You do know the yuan was added as one of the world’s reserve currencies back in 2016 yes?
Correct. Soon it will surpass it’s pre-war high and that will be another embarrassment for the sanctions crowd.
Yes.
China is a house of cards. All their yuan printing post 2008 is about to blow up hard. You can’t print zillions of yuan, put all that money into non productive assets like ghost cities and factories that are not needed, and not one day have to pay the piper. That day has arrived. Their insane real estate bubble blown is starting to go pop. Their largest commercial real estate developer going under was the first big sign.
Maybe the dollar problem has a bit more to do with printing trillions in the past two years with nothing to back it up.
“Maybe the dollar problem”
Do you mean the dollar hitting 20 year highs? That problem?
What the US has that has been our ace is that we have always had a free and creative population of independent thinkers with ambitions. The left is doing their best to change that.
As if we and the Federal Reserve don’t do the same as China. Chinese are congenitally degenerate gamblers, so of course they will borrow money to the hilt, debase their Yuan and build ghost (inhabited and crumbling) apartment blocks and ghost (inhabited and crumbling) cities that are shown all over YouTube.
Meanwhile, their super productive Shanghai is in Covid lockdown. Bwahhahah..... Think “Chinese fire drill” ! ! !
Published March 29, 2022 9:45am EDT
China’s Shanghai lockdown tests ‘zero-COVID’ strategy
The lockdown is being conducted in two phases
https://www.foxnews.com/world/chinas-shanghai-lockdown-tests-zero-covid-strategy
China Locks Down Shenzhen for At Least a Week as Covid ...
https://www.bloomberg.com/news/articles/2022-03-13/...
Mar 13, 2022 · China placed the 17.5 million residents of Shenzhen into lockdown for at least a week and forbade people from leaving Jilin, the first time the government has sealed off an entire province since ...
China’s Shenzhen Lifts Lockdown as Covid Outbreak Seen ...
https://www.bloomberg.com/news/articles/2022-03-20/...
Mar 21, 2022 · China’s tech hub Shenzhen lifted its week-long lockdown while keeping some restrictions in place, as the municipal government said the spread of the virus is coming under
“So the ruble falls off a cliff, and then when it starts coming back up it is the dollar that is plunging? That’s like claiming the cliff is plunging after a body makes a dead cat bounce at the bottom after falling off. What an idiotic headline.”
That was the post I replied to, #8. True that whether the ruble goes up in value does not automatically mean the dollar goes down.
A twenty year high doesn’t mean too much with inflation running at double digits (actual inflation, not cooked government books).
Kinda like when the government crows about consumer spending. Yes that has increased in terms of dollar amounts. The problem is customers walk out the door with less product than before.
“A twenty year high doesn’t mean too much with inflation running at double digits (actual inflation, not cooked government books).”
You know things those trading the dollar don’t know obviously. You could make an absolute fortune trading on your secret knowledge. Are you doing that?
Ruble to dollar is 77 on Forex now. What cliff?
The ruble is now gold backed. Its a new game.
Yes, the central bankers aren't happy.
So you’re not aware of its plunge when the the war started? I guess Vlad really did block you guys from getting outside info.
“Yes the central bankers aren’t happy”
And who can blame them. China, India, Brazil, Russia and Saudi Arabia have dumped the petrol dollar. That’s about 3 plus billion people out of the central banking system.
The exchange rate was the same before it all started.
Egypt as the new member of BRICS New Development Bank (12/21). With this, Egypt has now become a fourth new member to be admitted to BRICS NDB. The BRICS group includes five major emerging countries around the world- Brazil, Russia, India, China, and South Africa and the multilateral bank BRICS NDB was established by these rising economies to finance the sustainable development projects.
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