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The Ruble Is Crashing
Business Insider ^
| 29 Dec 14
| Elena Holodny
Posted on 12/29/2014 12:14:34 PM PST by elhombrelibre
The ruble is collapsing again.
The currency dropped by as much as 9.3% on Monday the biggest decline since December 15.
This crash follows the Economy Ministry's announcement that GDP contracted by 0.5% from a year earlier, following a 0.5% increase in October.
"This is linked to sanctions first of all, oil and the panic we saw on the market in December. The damage to the banking system and consumer sentiment will take a long time to repair," Dmitriy Polevoy, the chief economist for Russia and the CIS at ING Bank of Moscow, told the Moscow Times.
(Excerpt) Read more at uk.businessinsider.com ...
TOPICS: Crime/Corruption; Foreign Affairs; News/Current Events; Russia
KEYWORDS:
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To: familyop
That’d be great for working Americans.
21
posted on
12/29/2014 1:07:53 PM PST
by
elhombrelibre
(Against Obama. Against Putin. Pro-freedom. Pro-US Constitution.)
To: elhombrelibre
I say good, this time sanctions actually did function as intended.
22
posted on
12/29/2014 1:13:40 PM PST
by
Sam Gamgee
(May God have mercy upon my enemies, because I won't. - Patton)
To: elhombrelibre
Well the Russians were too inept to actually embrace western styled economic and political freedom. They sort of missed that lesson moving from Tsarist stormtroopers to Communist genocidal maniacs.
23
posted on
12/29/2014 1:15:38 PM PST
by
Sam Gamgee
(May God have mercy upon my enemies, because I won't. - Patton)
To: The Ghost of FReepers Past
Again, good news. With a collapsing economy and population, soon we will no longer have to give a flying rats $%*& what the Russians are up to. They screwed themselves by rewarding contracts to insiders and screwing over companies from the West that came to invest.
24
posted on
12/29/2014 1:16:57 PM PST
by
Sam Gamgee
(May God have mercy upon my enemies, because I won't. - Patton)
To: Sam Gamgee
They screwed themselves by rewarding contracts to insiders and screwing over companies from the West that came to invest. The specifics of that charge I cannot speak about one way or the other. I can say that similar things happen in this country all the time (changing the who came to help part). Corruption is a part of human nature that the entire world battles. Our Founding Fathers knew that. We too often forget and think we are somehow better than that.
25
posted on
12/29/2014 1:24:27 PM PST
by
The Ghost of FReepers Past
(Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
To: elhombrelibre; Squantos; miss marmelstein; USMCPOP; USNBandit; wally_bert; LonePalm; Dr. Sivana; ...
The people of the nation of origin for the following video are certainly celebrating (re. the posted article here). You have to see this. Don't miss it, if you can view a YouTube video.
Thunderstruck by Steve'n'Seagulls (LIVE) - YouTube
https://www.youtube.com/watch?v=e4Ao-iNPPUc
Only a one-time ping, BTW. Thought y'all might get a kick and a laugh out of the ingenuity there, even if you--like me--don't care much for '70s rock and roll.
26
posted on
12/29/2014 1:30:52 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: elhombrelibre; Squantos; miss marmelstein; USMCPOP; USNBandit; wally_bert; LonePalm; Dr. Sivana; ...
Those young men are in Finland, BTW.
27
posted on
12/29/2014 1:31:20 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: familyop; Constitution Day; martin_fierro
That’s just wrong... but great!
To: Tijeras_Slim
That’s a perfect assessment, IMO. ;-)
29
posted on
12/29/2014 1:34:55 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: navyguy
In the US, every $1 drop in WTI equals about 2 point 2 cents per gallon in gasoline.
To: Tijeras_Slim
Finland has become very politically correct over the past couple of decades or so, but one can see something very exceptional in them. Woe to any invaders who try to cross into their country uninvited.
31
posted on
12/29/2014 1:39:19 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: Tijeras_Slim
Another one who's just wrong but great in the following. With conscription and 12-13 weeks' training, though, and like the others, he could do his part in repelling foreign threats. Anyone here like bagpipes?
The BadPiper - ThunderStruck
https://www.youtube.com/watch?v=oO1bGlyHDNU
32
posted on
12/29/2014 1:48:56 PM PST
by
familyop
(We Baby Boomers are croaking in an avalanche of corruption smelled around the planet.)
To: Sam Gamgee
Again, good news. With a collapsing economy and population, soon we will no longer have to give a flying rats $%*& what the Russians are up to. Any nuclear powered nation needs watching.
Perhaps to help themselves out economically , Russian could sell nuclear weaponry to the Muslims in Iran for the right price.
The Russians could provide nuclear tipped rockets with a range that would include Israel but keep Moscow out of danger.
A lot of possibilities that could spin out of control. - Tom
33
posted on
12/29/2014 1:54:30 PM PST
by
Capt. Tom
(Don't confuse U.S. citizens and Americans. They are not necessarily the same. -tom)
To: The Ghost of FReepers Past
If Putin hadn’t invaded his neighbor country and annexed land, I’d be right there with you.
He did. I’m not!
When the Russian people you love finally figure out what kind of bastard this guy is and remove him from office, I’ll join you in sympathy for the Russian people.
For the record, I like the Russian people. I think we and they have a lot to bind us together. Sadly, their leader wanted to play dictator, and it bit all of them on the ass.
34
posted on
12/29/2014 1:56:04 PM PST
by
DoughtyOne
(The question is Jeb Bush. The answer is NO!)
To: elhombrelibre
35
posted on
12/29/2014 1:56:32 PM PST
by
Bon mots
(American Exceptionalism becomes American Acceptionalism under this regime... :()
To: Go Gordon
Not sure of how much they produce, but I suspect there may be more to the equation because their entire economy is so dependent on oil. Apart from oil weapons are about the only thing they manufacture, so when oil drops they lose a ton of revenue. In any case, it’s certainly hurting them. The ruble lost 7% this week.
36
posted on
12/29/2014 1:56:50 PM PST
by
navyguy
(The National Reset Button is pushed with the trigger finger.)
To: DoughtyOne
When the Russian people you love finally figure out Stepping away from the issue specifics, it is funny how posters use "love Russians" as some sort os smear. I do not know any Russians to love or hate them. I do not agree with you on this issue. I'll leave it at that.
37
posted on
12/29/2014 2:12:34 PM PST
by
The Ghost of FReepers Past
(Woe unto them that call evil good, and good evil; that put darkness for light..... Isaiah 5:20)
To: elhombrelibre
Thatd be great for working Americans.
________________________________________________________
Unless you work in the oil business or support industries. The fracking boom is the only thing creating growth in the US.
To: elhombrelibre
gonna build up that army?
Come on Israel, Bring that natural gas to Europe ASAP.
39
posted on
12/29/2014 2:32:47 PM PST
by
Joe Boucher
(The F.B.I. Is a division of holders Justice Dept. (Nuff said))
To: elhombrelibre
I won’t celebrate this development. When a military power like Russia becomes economically ravaged, bad things could happen.
40
posted on
12/29/2014 2:36:36 PM PST
by
Nachoman
(libertyarmstx.com is now open!)
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