Russia's Problem with the Ruble

[Stephen3141]

russia-tries-to-stem-panic-over-plummeting-ruble-central-bank-steps-in.html

Russia's currency, the ruble, has fallen 35% in value since August.

The sanctions that the EU and NATO countries have placed on Russia, have
begun to have a cummulative bite on the Russian economy.

The lowering value of the ruble, means more inflation in Russia, for average
citizens. But, Putin claims that it will not make any difference for the average
Russian citizen.

Putin's popularity in Russia remains high. This is not suprising. Even during Stalin's
great purges, his popularity remained high among Soviet citizens. After all, if you
voiced disapproval of Stalin, you silently "disappeared". And, the Russian dictators
controlled almost all of the "news" outlets available to citizens.

Russia, and the Soviet Union, have always had a hard time trying to motivate
average citizens to work hard, as there just was not much opportunity to change
one's place in life, through hard work. The historic Russian joke of the average
worker was, "We pretend to work, and they pretend to pay us."

Recently, we see a huge rise in Communist Chinese citizens who are trying to enter
the united States, for a chane to live in a society that REALLY DOES OFFER OPPORTUNITY
for advancement, through hard work.

 

[Laodicean60]

All currencies are tanking against the dollar.

 

[Helmut-WK]

All currencies are tanking against the dollar.

But not 35%. The Ruble also tanks against the €.

 

[Laodicean60]

But not 35%. The Ruble also tanks against the €.

Yes, but it's happening globally, not just in Russia. And sanctions didn't work as expected; they hurt the world by restricting their commodity exports, mainly food.

https://www.cnbc.com/2018/09/20/dick-bove-theres-a-global-currency-crisis.html

We are headed toward a global recession, which will eventually hit our shores. Many foreigners are buying the dollar for safety, thus raising the value of the US Dollar but many countries are hurt by this since they have to purchase energy with dollars.

 

[Helmut-WK]

Yes, but it's happening globally, not just in Russia. And sanctions didn't work as expected;

At least we see that Russia was not able to keep Syria, the people have driven Assad away (hopefully the new government will be somewhat better).

they hurt the world by restricting their commodity exports, mainly food.

The Russian bombs on Ukrainian vessels, ports, and railroads which lessened the amount of food sold by the Ukraine was an even heavier impact on the food market, so Russia hurt more than the sanctions.

We are headed toward a global recession, which will eventually hit our shores.

Germany is hit already. And Russian uses tons of propaganda to exploit this. Be on guard, lest you become a victim of Russian propaganda!

 

[Laodicean60]

At least we see that Russia was not able to keep Syria, the people have driven Assad away (hopefully the new government will be somewhat better).

This blows my mind how fast they were able to do it. I guess the intelligence agencies were focused on Israel and Ukraine.

The Russian bombs on Ukrainian vessels, ports, and railroads which lessened the amount of food sold by the Ukraine was an even heavier impact on the food market, so Russia hurt more than the sanctions.

Yes, two major food exporters are at war.

Germany is hit already. And Russian uses tons of propaganda to exploit this. Be on guard, lest you become a victim of Russian propaganda!

I'd like to think I'm smarter than that but it took me 60 years to realize I was PYSOPed by my country. Propaganda goes both ways. I listen to both news (propaganda) but take them with a grain of salt. Here we hear Jerome Powell lie to our faces about the "strong economy" while the people were singing a different toon at the voting box maybe a similar situation with your government right now.

When did the media start telling you the truth about your economy I heard Germany was heading into a recession in early 2023. Because of your energy policies manufacturing is tanking and will not revive until you shore up your energy situation.

Superpowers do what Russia does with propaganda and how much of your propaganda is Chinese?

 

[Helmut-WK]

When did the media start telling you the truth about your economy

We have a free pres, which means the media are rather diverse.

I heard Germany was heading into a recession in early 2023.

The exact timing is debatable, but 2023 is no bad description. The problems started in 2020, but at first it was no recession.

Because of your energy policies manufacturing is tanking and will not revive until you shore up your energy situation.

Yes. And we had a rather dysfunctional government. A coalition of three parties who thought they could manage a »progressive program« with a healthy economy, but soon after they started, Russia attacked the Ukraine … in the last year the FDP rather sabotaged the government's work, it ended with a break of the coalition (the FDP ministers were fired) - hopefully the FDP will not come into the parliament on the next (extraordinary, or what is the best term?) elections, planned (not formally scheduled yet) for the 23rd of February.

But the problem »find a working coalition« will be hard after the election (unless there is a big surprise).

Superpowers do what Russia does with propaganda and how much of your propaganda is Chinese?

Hm, do you mean me personally? Very little, given my criticism on Uighur treatment, Taiwan threats, persecution of Christians and other religions (including Falung Gong), the bad performance in apprehending the Covid-19 threat, the Neo-colonialistic approach of China in Africa and other parts of the world, … and last not least the opportunistic co-working with Russia, only limited somewhat to soothe western anger about that.

And much of this criticism is based on information from German media (back-upped by other sources, e.g. Open Doors), so the amount of propaganda in them is rather small.

 

[Helmut-WK]

…

Additional information:
It seems that Elon Musk is going to support the same right-wing party as Putin does.
Hmmm … he also supported the same USA president candidate as Putin - what does that tell us?