GREAT NEWS : A roll of toilet paper is literally more expensive than the putin´s ruble

[JohnDB]

my friend, did you any academic book on ww1 - Moscow empire subject ? this all sounds like 1916-1917 , and back than they used our credit lines , today they dont have them

Nope...just studied economics in college.

⅔of Russian financial reserves are gone. Oil prices have dropped due to worldwide recession. The toughest round of sanctions have fallen into place and the effect is that Russian economy is down by half.

So....this means that if Putin stopped the war today his nation would still literally fall apart anyway financially. But much like a bug without a head...Russia is going to continue to function for a while. Even with no reserves. Meaning it's already dead even if it keeps moving

And then one day it won't have anything....and it's entire system will collapse. War is extremely expensive and difficult. Anything at this point can cause a cascading failure across the country....something simple like a lack of insulin.

 

[para bellum]

Russia had a large National Wealth Fund, they can run the current level of deficits for several years before that fund is depleted.

They will buy Yuan on the FX market- running low on Yuan doesn't mean Russia is broke.

Russian National Wealth Fund - Wikipedia

en.wikipedia.org

For the first time since it invaded Ukraine, Russia is expected to start buying Chinese yuan again to replenish its foreign reserves

The move indicates that Western sanctions and a G7-led price cap on Russian crude aren't enough to curb Russia's energy revenues.

www.businessinsider.com

 

[Litwin]

several years

do you have a link ?



ps

 

[Litwin]

 

[para bellum]

do you have a link ?

I would ask the guy making the tweet how he gets there.

The tweet talks about the liquid part of the fund. The fund sits at something like $162Bn. according to the Wiki page.

Part of the fund's assets are liquid, and part are long-term holdings. They can covert the long-term assets to liquid assets- just sell some shares and hold the cash.

The 3 drawdowns to cover the 2022 deficit totaled $64Bn. If the deficits continue at that level the $162Bn fund would be depleted in 2.5 years.

But they add to the fund from oil and gas revenues as well as draw it down, so in reality it would last longer than that.

People draw the wrong conclusions when they only look at specific accounts like Fx reserves or liquid assets. These accounts will fluctuate depending on what the central bank is trying to accomplish.

Russia is running a very large (for Russia) deficit, but is not in imminent danger of an economic collapse. Don't give too much weight to those breathless predictions...

The average Russian doesn't really feel the sanctions that much- he experiences the sanctions as a slowly increasing inflation, with some sharp increases in certain things (like automobiles) that use a lot of western sourced components.

The Russian elites feel the sanctions to a much higher degree- they have had assets frozen and their freedom of movement has been curtailed.

 

[Litwin]

Baron any comment ?

 

[Silver Cat]

I would ask the guy making the tweet how he gets there.

The tweet talks about the liquid part of the fund. The fund sits at something like $162Bn. according to the Wiki page.

Part of the fund's assets are liquid, and part are long-term holdings. They can covert the long-term assets to liquid assets- just sell some shares and hold the cash.

The 3 drawdowns to cover the 2022 deficit totaled $64Bn. If the deficits continue at that level the $162Bn fund would be depleted in 2.5 years.

But they add to the fund from oil and gas revenues as well as draw it down, so in reality it would last longer than that.

People draw the wrong conclusions when they only look at specific accounts like Fx reserves or liquid assets. These accounts will fluctuate depending on what the central bank is trying to accomplish.

Russia is running a very large (for Russia) deficit, but is not in imminent danger of an economic collapse. Don't give too much weight to those breathless predictions...

The average Russian doesn't really feel the sanctions that much- he experiences the sanctions as a slowly increasing inflation, with some sharp increases in certain things (like automobiles) that use a lot of western sourced components.

The Russian elites feel the sanctions to a much higher degree- they have had assets frozen and their freedom of movement has been curtailed.

First of all, Russia allied with China is unbeatable economically.
Second. Russia has oil. It means, that they can choose - sell it and buy more weapon, or burn it and make more weapons. Actually, they do both things.

The Westâs oil war against Russia is starting to lose momentum

The findings show that Moscow has been able to successfully claw back earnings from fossil fuel exports in recent weeks.

www.cnbc.com

Third. Buden's economical policy have been decreasing European industrial capabilities more than Roosevelt's carpet bombing and it's no good for America, either.
Last, but not least - all modern Russian elites (both criminals and siloviki) came to power by a tough way. There is a plenty of blood on their pretty white hands. They won't step back, even if their chances are 50/50.

 

[Litwin]

First of all, Russia allied with China is unbeatable economically.
Second. Russia has oil. It means, that they can choose - sell it and buy more weapon, or burn it and make more weapons. Actually, they do both things.

The Westâs oil war against Russia is starting to lose momentum

The findings show that Moscow has been able to successfully claw back earnings from fossil fuel exports in recent weeks.

www.cnbc.com

Third. Buden's economical policy have been decreasing European industrial capabilities more than Roosevelt's carpet bombing and it's no good for America, either.
Last, but not least - all modern Russian elites (both criminals and siloviki) came to power by a tough way. There is a plenty of blood on their pretty white hands. They won't step back, even if their chances are 50/50.

 

[Litwin]

So we should wipe our asses with rubles to save money? How soft are they?

 

[banana 777]

Russia now sitting right on top , Nazi TittyWinkle, and it is driving you crazy .

A terrible time for you Titty as you are running for your life .

And things are going to get much much worse for you throughout the summer and foreseeable future.

 

[Litwin]

money

Toilet paper should be more valuable, it's more useful.

lol some loons on this board are making Big Scary Snivels about BRICS, a collection of failed states and one large one on the verge of failing.

update :

Moscow Ruble plunging like General from Moscow window!

Race to the bottom for Ruble🇷🇺 will only increase in speed :thup: ps I have to correct You on one matter. Oil is second biggest export of Moscow , first one is terror.

www.usmessageboard.com

 

[Litwin]

Its at 80 and on a continued steep decline for the past 3 months.

" All foreign countries are laughing at us",
- YES WE DO !

 

[Litwin]

exchange rate?

 

[Litwin]

conflict

1/2 Currency exchange rates with Russia, a roundup of major currency rates against the crashing Ruble - and why this matters. Context: A countries currency value is an indicator of the health of it’s economy. A general view it that if a country is exporting lots of goods and services, that creates a demand for the #currency, and providing the country isn’t printing and circulating more of it’s currency - the value of the currency rises. If there is no demand for the currency, because there isn’t sufficient export and trade to stimulate the demand, or other countries won’t deal in your currency - then the value of the currency falls. Russia is a net exporter traditionally, there was a strong demand for its main exports of oil and gas before the illegal and murderous invasion of Ukraine. So how has the #Ruble performed over the past year against other main currencies? #USD / Ruble 12 Months DEVALUED 62% (Up from 59 Rubles per USD to 97 per USD) 6 Months DEVALUED 33% #Euro / Ruble 12 Months DEVALUED 75% (Up from 60 Rubles per Euro to 106 Rubles per Euro) 6 Months DEVALUED 36% #Chinese Yuan / Ruble 12 Months -DEVALUED 53% (Up from 8.8 Yuan to 13.5 Yuan to the Ruble) 6 Months DEVALUED 28% #IndianRupee / Ruble 12 Months DEVALUED 58% (Up from 0.75 Rupees per Ruble to 1.17 Rupees per Ruble) 6 Months DEVALUED 33% Next: why the Rubles decline matters in these 4 main currencies

 

[luiza]

Banned for Stupidity , Winkle Titty . So stupid that you do not know that, as a self sufficient power , Russian wealth increases every time the exchange rate falls .Their accesss to new markets increases , as does existing markets competitiveness . You are so dumb,Titty .

 

[marvin martian]

Sounds like an appropriate currency for them

GREAT NEWS : A roll of toilet paper is literally more expensive than the putin´s ruble

Your fellow DemoKKKrats are bummed:

 

[Litwin]

For the understanding....

One Yuan is equal to $0.142 USD

MEANING.... Russia has a couple million dollars left. Not enough to buy a new tank. Maybe enough to buy a Lexus....

The inflation is accelerating. My guess would be that they have been buying back rubles with forign reserves to keep inflation down but THE HORDE has gotten to a point where the reserves are not enough to keep doing that so the inflation as picking up speed. Very bad for THE HORDE

 

[Litwin]

bummed

 

[marvin martian]

Like I said, all the Russian agents in your party are seriously bummed about this:

 

[Litwin]

Burger

Get in besties, we’re crushing the Ruble !