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To: ScottinVA

“(Ruble now worth less than a U.S. penny)”

Of course that is totally meaningless without considering the relative purchasing power.

The Japanese Yen is also worth less than a penny. (8/10th of one). That tell one nothing as to whether it is strong or weak.

Since China has a peg to the dollar, I would think the fall of the ruble does indeed affect them in their trade with China, making stuff they buy from China more expensive.


8 posted on 02/28/2022 4:28:44 AM PST by BiglyCommentary
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To: All

And yet FR is filled with Putin stooges.

They picked the wrong country to invade.

Here are some good Russian soldiers (graphic). This is what a good Soviet looks like.

https://mobile.twitter.com/Jerry65974931/status/1497243289208172551


10 posted on 02/28/2022 4:35:29 AM PST by TigerClaws
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