A clear indicator of the international investment community’s opinion of Russia
A good part of this failure can be pushed on Biden for killing the Keystone XL pipeline, the severe restrictions on federal oil leases, and the quagmire oil companies must put up with to get drilling permits from a tree-hugging bureaucracy.
Everything Biden touches is a big failure.
Russia tangled with the wrong Soros puppet this time!
It’s all over for them now!
Stronger ruble and higher oil prices. Russian oligarchs rejoice.
America’s present generation of neocons, woke-progressives and permanent Fed.gov apparatchiks have risen through their ranks over the last 30 years with total acceptance of their ideology, complete control of their own narrative, no limits to funding and debt, steadily increasing power of the Fed.gov they occupy, and few limits on American power and dominance abroad.
We are witnessing complete arrogance and self-righteousness of America’s deep-state. They have no correction mechanism and will never accept failure of their blinkered world-view. The slow-moving coup against Donald Trump should have been the most glaring proof of all
These are the most dangerous people on earth.
The question is whether or not Macron has more "flexibility" now that he's been reelected.
Gee
Everything TalyBiden does
Weakens and Robs and Endangers
America
AND
Ukraine
And strengths and enriches
China AND Russia
Who did hunter collect cash from again ?
China AND Russia
Hmmmm.
If Ruble is so strong, maybe RuZZia should end capital controls and let foreigners sell their stock holdings?
If this is true, the West is causing more hardship to itself than to Russia.
“Turning off” the economic switch to Russia is more concerning to me.
That sends a poor message to other foreign countries.
Intentionally DECEITFUL GARBAGE. They conveniently leave out how Russia has had to jack its interest rate way, way up to support the rubble at get it to the prewar level. Thats as deceitful as saying product sales are the same as last quarter without mentioning that is only because the price was slashed 80%.
Plus there is lots of talk how the Russians are spending a small fortune to artificially support the rubble. That is not sustainable.
Oh Dear!
This doesn't fit the "Narrative", what should we do?
But, but Russia is losing the war! I have read so much on this forum about the genius of American sanctions by every Bush-loving neocon Freeper. Why is American money turning into toilet paper while the Runlenis getting stronger? America has much more transvestite power than Russia - this makes no sense!
How could the GOPe be so wrong?
Whoever is handling the puppet strings on Biden has decided that there is nothing that can cause them to drill for more oil or build more pipelines in this country. NOTHING.
This is TOO FUNNY!!!
Anyway, if Russia is declared in ‘Default’, I’ll check the strength of the Ruble - if still strong, then they HAVE NOT defaulted, as no country can ‘default’ at a national level without its currency tanking.
If the sanctions are working, why is the ruble now near or above prewar valuations? The magic comes from capital controls. Near the end of its run, the Soviet Union had a ruble exchange rate where 1 ruble bought ~2 dollars. The Soviet ruble actually appreciated against the dollar from the time of Red October in 1917 to the empire's partial dissolution in the 90's. When a currency isn't traded freely, the regime backing it can set its value to anything it wants. The black market rate for the ruble, however tells the tale the unofficial rate obscures. In 1991, when 1 Soviet ruble bought almost 2 dollars at official money changers, Soviet entrepreneurs would, on the sly and at some personal risk from the law, sell Soviet rubles at 100 rubles to the dollar.
| Date | SUR of the time per USD | USD per SUR of the time |
|---|---|---|
| 1924-01-01 | 2.2000 руб | $0.4545 |
| 1924-04-01 | 1.9405 руб | $0.5153 |
| 1927-01-01 | 1.9450 руб | $0.5141 |
| 1928-02-01 | 1.9434 руб | $0.5145 |
| 1933-04-01 | 1.9434 руб | $0.5145 |
| 1933-05-01 | 1.7474 руб | $0.5722 |
| 1934-01-01 | 1.2434 руб | $0.8042 |
| 1935-01-01 | 1.1509 руб | $0.8689 |
| 1936-01-01 | 1.1516 руб | $0.8684 |
| 1937-01-01 | 5.0400 руб | $0.1984 |
| 1937-07-19 | 5.3000 руб | $0.1887 |
| 1950-02-01 | 5.3000 руб | $0.1887 |
| 1950-03-01 | 4.0000 руб | $0.2500 |
| 1960-12-01 | 4.0000 руб | $0.2500 |
| 1961-01-01 | 0.9000 руб | $1.1111 |
| 1971-12-01 | 0.9000 руб | $1.1111 |
| 1972-01-01 | 0.8290 руб | $1.2063 |
| 1973-01-01 | 0.8260 руб | $1.2107 |
| 1974-01-01 | 0.7536 руб | $1.3270 |
| 1975-01-01 | 0.7300 руб | $1.3699 |
| 1976-01-01 | 0.7580 руб | $1.3193 |
| 1977-01-01 | 0.7420 руб | $1.3477 |
| 1978-01-01 | 0.7060 руб | $1.4164 |
| 1979-01-01 | 0.6590 руб | $1.5175 |
| 1980-01-03 | 0.6395 руб | $1.5637 |
| 1981-01-01 | 0.6750 руб | $1.4815 |
| 1982-01-01 | 0.7080 руб | $1.4124 |
| 1983-01-13 | 0.7070 руб | $1.4144 |
| 1984-01-01 | 0.7910 руб | $1.2642 |
| 1985-02-28 | 0.9200 руб | $1.0870 |
| 1986-01-01 | 0.7585 руб | $1.3184 |
| 1987-01-01 | 0.6700 руб | $1.4925 |
| 1988-01-06 | 0.5804 руб | $1.7229 |
| 1989-01-04 | 0.6059 руб | $1.6504 |
| 1990-01-03 | 0.6072 руб | $1.6469 |
| 1991-01-02 | 0.5605 руб | $1.7841 |
| 1991-02-13 | 0.5450 руб | $1.8349 |
| 1992-01-01 | 0.5549 руб | $1.8021 |
Russia is the largest commodity exporter in the world - grain, fertilizer, timber, gas, oil, various metals. They export stuff people need and are going to continue to need. If one group of people - eg the West, refuse to buy their exports, others will happily do so instead. So the oil previously going to China from the Middle East will now go to Europe and the Russian oil previously going to Europe will go to China. Net effect? Negligible for Russia. The cost to obtain certain commodities will go up for Europe and America though.
A currency can be stronger or weaker in relation to some other currency, or to a basket of currencies. The article cites the ruble in relation to the dollar. That means that fewer holders of the dollar are buying rubles. It doesn’t mean that the ruble is stronger than the dollar.
To add a little bit of intellectual honesty, the article should quote the ruble in relation to the average of many other currencies. But it doesn’t. So the article tells us very little of anything that is useful.
Neocons are playing a game of chicken. They’re extending this war by supplying Ukraine, harming our own economy because they think it will harm Russia’s economy worse. “Yeah, we’re both on the verge of economic collapse, but Russia will collapse first.”