Posted on 03/30/2022 2:58:25 PM PDT by delta7
The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March.
The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7. Thanks to the recent rally, the ruble is only about 10 per cent lower than what it was before the Russian invasion of Ukraine on February 24. The ruble was trading at around 76 before the invasion, according to the data from Bloomberg.
I think you are missing the point. When the first leak in the dam appears more will follow. Biden is screwing things up faster than we know. Faster than we could even imagine. Planned it has been.
“Biden’s idiotic economic war, sold as punishing Putin, is hurting Americans.
Biden and other warmongering globalists need to stop messing with the free flow of fuel, fertilizer, food, and the financial and physical mechanisms necessary for their sale and transportation.”
Great points in your post.
Yet anti Russian ideologues, want government power used to destroy business & commerce. The business & commerce of the United States.
Some of the most strident anti business ideologues, call themselves conservatives, which is both laughable & sad.
They think they’re being “tough guys” on Russia but they’re supporting nation destroying economic policies.
Liberal democracies don’t do well with inflation and shortages, especially food and energy shortages.
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Correct, study Argentina, in depth. The “ America” of SA. They didn’t become a Venezuela, but are running 45-50 percent a year inflation, pensions nationalized, banks/ financial institutions nationalized, one by one….took less than twenty years, slow burn. It all started with inflation, then a currency crisis……
It’s true. Biden just announced another million or so to send to Ukraine.
Germany and Russia are working out some deal for gas, starting with euros in some special deposit and then moving to rubles.
Stock food and don’t forget the pets.
There. Gazprom bank. Thanks.
I'm experiencing a perverse satisfaction in seeing EU-weenies get egg on their faces.
During the Soviet era the ruble was statutorily valued (inside those countries) at $1.70, it meant they were worthless, and Putin's third invasion of Ukraine has put them back that way.
IOW, total BS. Pooty-Poot has wrecked Russia, and his cheerleaders will continue to blame literally anyone or anything else as Russians suffer (some more).
I’m sure this article is an April Fool joke.
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