Russian invasion of Ukraine

CTID1977 said:
keep up mate, it's 114 for a dollar now and 120 for an euro ;)
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There comes a point in the collapse of a currency where you need a wheel barrow to shift the volume of notes that actually has some value. And when you come to do the trade the other party has more interest in the barrow than the notes.

As I said recently, it's hard to know the significance of this. Who uses rubles now outside of Russia, and therefore who is going to buy them on the international markets. It makes perfect sense the value collapses, but Russia will carry on.

What is far more telling is the foreign currency reserves, how much they have left and how are they managing to use it ti trade internationally around the sanctions.
 
Gareth Barry Conlon said:
There comes a point in the collapse of a currency where you need a wheel barrow to shift the volume of notes that actually has some value. And when you come to do the trade the other party has more interest in the barrow than the notes.

As I said recently, it's hard to know the significance of this. Who uses rubles now outside of Russia, and therefore who is going to buy them on the international markets. It makes perfect sense the value collapses, but Russia will carry on.

What is far more telling is the foreign currency reserves, how much they have left and how are they managing to use it ti trade internationally around the sanctions.
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I think a large chunk of the trade they are doing is by way of bartering oil for goods.
 
There has always been a possibility that Russian economy/ military/ political system will collapse. The Prizoghin mutiny gave one example of how that might materialise.

Putin's strategy, once it became clear he'd been defeated in the initial battles of the war, is to outlast Western resolve in general, and hope for Trump victory specifically.

It's still very much unclear how this will turn out (at least to me) but it does seem amongst all the gloom, that with the need to import Korean troops, the apparent increasing reliance on non-military or no vehicles, and the evidence of economic difficulties heightening, the probability of Russian collapse is increasing.
 
roubaixtuesday said:
There has always been a possibility that Russian economy/ military/ political system will collapse. The Prizoghin mutiny gave one example of how that might materialise.

Putin's strategy, once it became clear he'd been defeated in the initial battles of the war, is to outlast Western resolve in general, and hope for Trump victory specifically.

It's still very much unclear how this will turn out (at least to me) but it does seem amongst all the gloom, that with the need to import Korean troops, the apparent increasing reliance on non-military or no vehicles, and the evidence of economic difficulties heightening, the probability of Russian collapse is increasing.
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Good couldn't happen to a bigger set of cabbage munching vodka swilling mutants.
 
roubaixtuesday said:
There has always been a possibility that Russian economy/ military/ political system will collapse. The Prizoghin mutiny gave one example of how that might materialise.

Putin's strategy, once it became clear he'd been defeated in the initial battles of the war, is to outlast Western resolve in general, and hope for Trump victory specifically.

It's still very much unclear how this will turn out (at least to me) but it does seem amongst all the gloom, that with the need to import Korean troops, the apparent increasing reliance on non-military or no vehicles, and the evidence of economic difficulties heightening, the probability of Russian collapse is increasing.
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The desperation is creeping in as well with the attempt to intimidate the West with an experimental missile used on Dnipro. It ain’t going well for Russia and it looks like they are running out of resources, equipment, men, money etc. Ukraine needs to stay in the fight and Europe needs to ensure this happens rather than relying on America.
 
feedmpenzaandhewillscore said:
The desperation is creeping in as well with the attempt to intimidate the West with an experimental missile used on Dnipro. It ain’t going well for Russia and it looks like they are running out of resources, equipment, men, money etc. Ukraine needs to stay in the fight and Europe needs to ensure this happens rather than relying on America.
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I get a sense that resolve is now there, certainly from the Baltic and Scandinavian nations, who are most exposed to Russian truculence.
 
Scottyboi said:
Yep the bit around half a million soldiers potentially going unpaid or having zero job prospects for their 'sacrifice' will be a huge problem in itself. The russian general population are being robbed blind. The women who is in charge of the central bank wanted to leave at the start of the war and was made to stay, she will be the fall OUT OF THE FIFTH FLOOR WINDOW guy for the economy.
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Stuff 28/11:
Russia stopped its citizens from buying foreign currency...
www.dailykos.com

Russian stuff blowing up: Russia's ruble plummets faster than Prigozhin's plane

The ruble continues to plunge against the dollar and the Russian Central Bank has suspended purchases of foreign currency until the end of the year to try to relieve pressure on the ruble. The current interest rate (return) for savings in Russia is 23%...
www.dailykos.com
 
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Blue Mist said:
As if the British press don't hate us enough.
'Former Manchester City player now a Presidential Puppet for Putin'.
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I don't know if that is hating us - good headline writing, drawing us in to read the story - I was more likely to click on it than just "ex-footballer ..." And in doing so learnt something about the way Georgian politics is going.
 
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