Until the oligarchs bleed more money than blood, it doesn’t matter how far the Russian economy falls. Even with them losing so much ground in Syria, Putin is going to push forward with the war and Cheeto Mussolini is happy to be bribed a few million to stop US aid and pressure Nato to help draw the new Ukrainian borders.
Fucking ridiculous world we live in.
It more about who’s blood and money is leaking out. They are fine with loss as long as it’s you common peasants.
That’s exactly the point of my statement. It’s only down 10% against the Euro. Most the oligarchs have their money in private funds in the Seychelles, Switzerland, Panama. Check out the Panama Papers for a good idea of how little the Russian oligarchs care about the Ruble.
Lol you miss the subtle but pointed message I am surgically grafting upon your original body of work.
Ohh no… Anyway.
Fuck Russia and their obidient dog population
At least in us we check our elites sometimes, these clowns will accept anything
Well the Adjuster just denied claim to life to an officer of the regime
And people are gloating over it. When was last time Russians made their regime uncomfortable?
I mean… It’s like 10% down against the euro since 2020, but it’s doing worse against the dollar, so basically the war has hurt the US the least so far? I’m not an economist by any means, please let me know if I’m misunderstanding something here but so far the sanctions haven’t done anything spectacular from what I can see from my Greek couch.
The ruble is on a crash course downward trend, its downward trend in the 15d, month, 3m, 6m, year, 2y, 5y and so on and as economists say, it’s in a death spiral. This last week is what they call a dead cat bounce.
Putin makes the russian central bank prop it up as good as they can, but after inflation& crazy 21% rates the only thing left is selling what they have for rubles (mostly yuan if I got that right) but that can’t go on forever because they are burning millions worth of $ a day ($50M ?) just to delay the inevitable.
Putin is trying to stay afloat until Donald enters the white house, but all it shows is that the russian economy is in the toilet.
The youtube channel “Econ Lessons” explains all this way better than me, with a nice backdrop. Or “Joe Blogs” russian economy videos too.
