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That's an interesting perspective, a waiting game.
originally posted by: SkittlesgiveyouSkills
And if one does take the ruble plunge as an investment, good luck getting it out of Russia as Putin has enacted capital controls to offset the sanctions. So even if you have a health profit you will not be able to cash in. Putin can’t keep it up for long, it’s all smoke and mirrors
originally posted by: PatriotGames4u
a reply to: TTU77
That's what russia demanded, the rest of the world refused.
Everyone is paying in Dollars and Euros, for goods priced in Dollars and Euros, then russia can convert that to whatever they want inside russia.
Same as it's always been.
Except that few countries plan on renewing any russian contracts.
originally posted by: TTU77
originally posted by: PatriotGames4u
a reply to: TTU77
That's what russia demanded, the rest of the world refused.
Everyone is paying in Dollars and Euros, for goods priced in Dollars and Euros, then russia can convert that to whatever they want inside russia.
Same as it's always been.
Except that few countries plan on renewing any russian contracts.
Isn't the fact that the ruble isn't in the dirt a testament to the fact other nations are buying gas with rubles? I'm confused
originally posted by: TTU77
I thought that Russia is only accepting payment in Rubles, but, converted from Gold. 5000 rubles to a gram or something, so other nations give Russia gold, which they exchange into Rubles, to pay for the gas.
originally posted by: vNex92
a reply to: FamCore
by the sources I included), literally millions will freeze to death and entire economies will screech to a halt.
That might likely happen if EU/US push for a oil ban unfortunately.
This will hurt the EU/US more.
originally posted by: Raggedyman
a reply to: FamCore
Why would I want to listen to you?
Why should I care what you say re trade agreements and finance, be genuinely interested your background
As for the Ruble, I think Russia was ready for all this and it seems unknowingly, mostly the west played along to the Russian tune.
No energy to run industry, no food to feed their citizens the ruble seems to have the capacity to only get stronger
Nice article
originally posted by: PatriotGames4u
a reply to: FamCore
Study central banking, it's not difficult.
What's difficult is getting anyone to trade their own currency at those ridiculously inflated exchange rates, which russia has been unable to do.
The Russian ruble has eclipsed 31 major currencies in growth since the start of 2022, becoming the globe’s best-performing currency, Bloomberg reported on Wednesday.
In light of the above...perhaps the west might reconsider the effectiveness of their rush to sanctions at the drop of a hat...
It's obvious to anyone not swallowing the entire cloth of western MSM and MIC/three letters propaganda...that Russia out performed and also out maneuvered the sanction regimes and outright theft of foreign currency holdings.
originally posted by: Salander
originally posted by: PatriotGames4u
a reply to: FamCore
Study central banking, it's not difficult.
What's difficult is getting anyone to trade their own currency at those ridiculously inflated exchange rates, which russia has been unable to do.
Have a look at reality, it's not difficult. Perhaps unpleasant, but not difficult.
originally posted by: PatriotGames4u
originally posted by: Salander
originally posted by: PatriotGames4u
a reply to: FamCore
Study central banking, it's not difficult.
What's difficult is getting anyone to trade their own currency at those ridiculously inflated exchange rates, which russia has been unable to do.
Have a look at reality, it's not difficult. Perhaps unpleasant, but not difficult.
I have.
Unlike russia, I actually spend most of my time here in reality.
In reality, russia is using it's foreign exchange reserves to purchase massive quantities of it's currency to remove it from circulation, in an effort to hide the fact that it's currency no longer has any value outside of russia.
originally posted by: PatriotGames4u
Name a country willing to exchange it's currency for the fake ruble at the currently faked 'value'.
putin is artificially inflating the ruble's 'value' inside russia, but it's had zero effect outside of russia, where the ruble has no value.
originally posted by: FamCore
a reply to: PatriotGames4u
Well Bloomberg, Forbes, Members of Parliament of multiple countries in the EU, and many others all disagree that the ruble has "no value" outside of Russia. Your entire comment is 100% false and easily debunked.