So you think the war and the sanctions will go on forever and never stop. LOL.
There is always a chance that it could last long enough for Russia to go tits up, but it isn't exactly the same situation as the ones you mentioned.
Russian ruble in free fall
- Thread starter mandrill
- Start date
There is always a chance that it could last long enough for Russia to go tits up, but it isn't exactly the same situation as the ones you mentioned.
"I'll take 1918 for 500, Alex"
Russia’s looming financial collapse — a return to the 1990s or 1918? — Meduza
In the days since Vladimir Putin ordered a full-scale invasion of Ukraine, the Western world has imposed crippling economic sanctions on Russia designed to force extreme costs on the Kremlin for its aggression. In the Biden administration’s words, the measures will “weaken the Russian defense...meduza.io
They keep saying China has an alternate to SWIFT which Russia has joined and that they are new bff's in trade and commerce. Don't really know that much about Russia's GNP other than allegedly it is smaller than Italy's. A few years ago someone pointed out that if you go a hundred miles outside of Moscow it is like the Russia of Tolstoy. 19th century poverty.
I once took the Trans Siberian railroad. There is a lot of land in Russia. The villages in the country side looks OK though, with little orchards and vegetable gardens.
Sounds like a nice trip. With a country large enough to have 11 time zones , makes you wonder why they need to invade other peoples' countries.
and outhouses
Indoor Plumbing Still a Pipe Dream for 20% of Russian Households, Reports Say - The Moscow Times
More than one-fifth of Russian households do not have access to indoor plumbing, according to official statistics obtained by the RBC news website on Tuesday.
www.themoscowtimes.com
Russia's GDP = Canada's GDP. Russia has 3.5 x the population of Canada.
That means that Canada has 3.5 x the Russian standard of living.
and outhouses
View attachment 128747Indoor Plumbing Still a Pipe Dream for 20% of Russian Households, Reports Say - The Moscow Times
More than one-fifth of Russian households do not have access to indoor plumbing, according to official statistics obtained by the RBC news website on Tuesday.
Russia will have to debase their currency.
"This infographic shows how currency debasement contributed to the fall of Rome"
How Currency Debasement Contributed to Fall of Rome (businessinsider.com)
"This infographic shows how currency debasement contributed to the fall of Rome"
How Currency Debasement Contributed to Fall of Rome (businessinsider.com)
Do you not think Banks and investors all over the world are not buying Rubles to hold? It has to go back up eventually.
The wealthy have a motto:
Never waste a good crisis.
All right then. Some of us still remember how well that worked out for them before
...Hey, great idea! I still have some WT Grant stock in a drawer somewhere. Think about this, Confederate money is now actually worth money again. Sell some gold and buy a few rubles....
100% agree on Rome’s currency debasement. They used precious metals as money.
However… We are not on the Gold standard anymore. The final nail was in 1971, which I am sure you know. It’s just a printing press now. The whole world is on fiat.
This is where I get fuzzy on the math. A country used to be able to say that for every oz of gold we are holding, we have this many $ printed. (Or € or £ or ¥ etc). Straight forward math. It gave you a base value. But we have taken gold out of that equation. I know it’s a counties GDP, Exports, tax revenue…. Just not sure the magic formula.
Ukraine just did the same, all Russian properties are now Ukraine's.
I doubt that. I believe that Russia is about to deliberately default on all its international debts and that it will economically isolate itself like North Korea. Those rubles will be worthless.
Russia just said they are suspending all food exports until the fall.
With Russia and Ukraine not exporting, there will be big shortages this year.
Russia has banned exports of wheat, meslin, rye, barley and corn to the Eurasian Economic Union (EEU) until 31 August, the Russian economy ministry said.
We have 2 goals. End Russian aggression… then, bring Russia back into the global fold. And for 2 reasons. They have Nukes. And they have a substantial population and significant resources.
The goal will not be to ostracize them. It will be quicker than you can imagine once the bombings stop.
