Russia manipulation of the Ruble is actually starting to backfire in a big way as the Russian government is losing money when energy revenues are converted back into Rubles. When you are an export driven country, you do not want a strong currency. That is why China is always manipulating the yuan to make it weaker against the dollar.
It is interesting how the Russians have been able to prop up the ruble, with some props to Elvira Nabiullina, working against the international market. Hardly anyone outside of Russia is buying rubles. From what I've read, economists are looking forward to second quarter Russian banking reports to better grasp the effects of both the sanctions and the artificially high value of rubles.
This graph shows how demand for rubles has fallen everywhere, but particularly outside of Russia:
I think it's authentically interesting that we've identified one concrete thing that C9 isn't allowed to say under any circumstance. Either the troll factory policy won't let him, or he's got a huge psychological block preventing him. It's bizarre, but interesting.
The one word you cannot say unless accompanied by effusive praise is Israel
Wrong again. Israel's treatment of Palestinians is abominable. Normal adults are able to see both sides of an issue and discuss it rationally, even while they think that one side is clearly right.
You know a society that's a great example of Muslims, Jews and multiple Christian denominations living together, and people from multiple ethnic groups? Ukraine. There were Jews and Christians and Muslims defending Mariupol. Russian is the working language of the Azov battalion - which continues to exist, by the way. Lots of different Azov units around Ukraine these days. They'll go down in history not as neo-Nazis, but as heroes.
Here's a question: Are Ukrainians right to kill the Russian soldiers who have come to murder, occupy, rob, rape and abduct them?
A new report from Columbia University's Center on Global Energy Policy details how Russia dominates the supply chains of nuclear power around the globe.
Russia manipulation of the Ruble is actually starting to backfire in a big way as the Russian government is losing money when energy revenues are converted back into Rubles. When you are an export driven country, you do not want a strong currency. That is why China is always manipulating the yuan to make it weaker against the dollar.
It is interesting how the Russians have been able to prop up the ruble, with some props to Elvira Nabiullina, working against the international market. Hardly anyone outside of Russia is buying rubles. From what I've read, economists are looking forward to second quarter Russian banking reports to better grasp the effects of both the sanctions and the artificially high value of rubles.
This graph shows how demand for rubles has fallen everywhere, but particularly outside of Russia:
Do you even read articles before you post them? The article clearly says that almost all aspects of the nuclear power supply chain could be supported by the US and non-Russian sources. The only area where Russia (currently) has a "dominant" position is Uranium enrichment... where their global share fell from 46% in 2018 to 40% in 2020. The US has an enrichment facility that could be taken out of standby by next year, which would reduce Russia's role even further. So thanks for demonstrating one more area where a global shift away from Russia will hurt the Russian economy to the United States' benefit.
It is interesting how the Russians have been able to prop up the ruble, with some props to Elvira Nabiullina, working against the international market. Hardly anyone outside of Russia is buying rubles. From what I've read, economists are looking forward to second quarter Russian banking reports to better grasp the effects of both the sanctions and the artificially high value of rubles.
This graph shows how demand for rubles has fallen everywhere, but particularly outside of Russia:
So the climb in the price of rubles vs. the dollar is bad? Or fake? And is hurting Russia?
You guys are unreal
The value of the Ruble is clearly being manipulated through capital controls, high interest rates, limits on conversion from Rubles to USD, etc... Why don't you explain why a "strong" Ruble is good for an export/resource extraction dominated economy, like Russia has?
Who has a valid point? You're going to have to be more specific. If you're referring to Carmine the Coward, you'll first have to identify what his point is, and then provide some supporting evidence (something he has been unwilling and/or unable to do).
Looks like he provided enough evidence towards this being the West's fault and Russia rightly protecting ethnic Russians from genocidal nazi maniacs.
You left out "the end is nigh" and other such lunacies.
So the climb in the price of rubles vs. the dollar is bad? Or fake? And is hurting Russia?
You guys are unreal
The value of the Ruble is clearly being manipulated through capital controls, high interest rates, limits on conversion from Rubles to USD, etc... Why don't you explain why a "strong" Ruble is good for an export/resource extraction dominated economy, like Russia has?
The "good" aspect for Russia is the PR element: "NATO nations have implemented all these sanctions, but look how little impact they have had on the ruble's exchange rate."
But the problem long-term with the policy is that Russian businesses and banks are forced to pay out of their own pocket to keep the exchange rate artificially high. The ruble's high price doesn't come from international companies and nations lining up demanding rubles.
So I think the policy has some short-term benefits for Russia, but their practices aren't sustainable, and when the market ultimately corrects, Russian businesses will likely suffer even more. Economists predict that the policy ironically will magnify the effects of sanctions over the second half of this year.
Despite threats from the USA, several nations are buying Russian gas and oil in rubles.
Used to use $
Despite threats from Russia, many nations are still paying for gas and oil in dollars.
Despite threats from Russia, Finland and Sweden have applied to join NATO.
Despite threats from Russia, the US, EU, and numerous other nations continue to supply Ukraine with arms that are being used to killed thousands of Russian soldiers.
And you can't stand the fact that he has a valid point...
As much as any other frothing nutter. But he probably speaks for you, too.
The only frothing nutters here are you and your silly woke dunces on this forum. But you're woke, so that's all you do and likely you dont even realize you do it. Froth...and nutter around
Looks like he provided enough evidence towards this being the West's fault and Russia rightly protecting ethnic Russians from genocidal nazi maniacs.
Counterpoint. There is no evidence of genocide of ethnic Russians by "nazi maniacs" or anyone else in Eastern Ukraine. There is a growing body of evidence of genocide of Ukrainian's by Russia throughout Ukraine though.
Furthermore, please explain how unfounded claims of genocide in Donetsk and Luhansk warrant Russia's annexation of Crimea - a region where the Soviets DID commit genocide against Crimean Taters following WWII.
And, once again, could you actually provide the argument that Russia's invasion of Ukraine is "the West's fault"? Just stating it over and over is not an argument. Countries deciding to join NATO because they quite justifiably fear Russian aggression points to Russian - not Western - culpability in the invasion.
p.s. You are aware that there are more Nazis in Russia than Ukraine, right?
As much as any other frothing nutter. But he probably speaks for you, too.
The only frothing nutters here are you and your silly woke dunces on this forum. But you're woke, so that's all you do and likely you dont even realize you do it. Froth...and nutter around
That's a lot of ranting, and not much responding to post #4439. I would expect nothing less from you though.
