The Death of the Russian Ruble? by JAYNEZTOWN

REAL WORLD EVENT DISCUSSIONS

The Death of the Russian Ruble?

POSTED BY: JAYNEZTOWN
UPDATED: Sunday, October 6, 2024 11:02
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Saturday, March 12, 2022 5:42 AM

Some predict the Dollar or the Western economy has troubles but let's look at the numbers and be honest here, Russia's currency is going to collapse first. The first Russian ruble replaced the Soviet ruble in September 1993 at parity or 1 SUR = 1 RUR. The ruble is the seventeenth most traded currency in the world, and is a floating currency or perhaps was a free-floating currency. Russia has faced steep economic sanctions due to the invasion of Ukraine in response to the Russia invasion military campaign, several countries imposed strict economic sanctions on the Russian economy.

Russian rouble drops a further 8% this week in Moscow
https://news.yahoo.com/russian-rouble-drops-further-8-211836709.html

The Russian currency chaos boosts crypto
https://www.intellinews.com/russian-currency-chaos-boosts-crypto-23781
0/

US will ban Russian seafood, diamonds, and vodka to punish Putin, Biden says
https://uk.news.yahoo.com/us-ban-russian-seafood-diamonds-160231084.ht
ml

Biden revokes 'most favored nation' status for Russia, allowing more sanctions

Joe Biden says US will downgrade Russian trade status, bans alcohol and seafood
https://abc7chicago.com/joe-biden-russia-war-most-favored-nation-invas
ion-of-ukraine/11642085/

EU Threatens Russia With New Sanctions, Aims to Bolster Energy, Defense Independence
https://www.voanews.com/a/eu-threatens-russia-with-new-sanctions-aims-
to-bolster-energy-defense-independence-/6481516.html

Millions of people forced to move and flee war, Ukraine war damage tops $100 billion so far.

Also with Ukraine bombed and invaded its currency didnt stand much of a chance against the Russian Tyrant Putin
Ukraine official plays down risks of hryvnia devaluating further
https://ca.finance.yahoo.com/news/ukraine-official-plays-down-risks-09
0051816.html
Ukrainian refugees have a problem with the exchange of hryvnia
https://wbj.pl/ukrainian-refugees-have-a-problem-with-the-exchange-of-
hryvnia/post/133805

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Saturday, March 12, 2022 6:36 AM

SIGNYM

I believe in solving problems, not sharing them.

Interesting take. Not one that successful bank fund managers are predicting, tho. The managers that ppl are paying attention to are predicting a collpase of the Euro-Dollar system.
https://www.bloomberg.com/news/articles/2022-03-08/zoltan-pozsar-on-th
e-great-commodities-collateral-crunch-in-funding-markets
https://www.coindesk.com/policy/2022/03/08/credit-suisse-strategist-sa
ys-were-witnessing-birth-of-a-new-world-monetary-order/

(Nobody's even talking about the British pound anymore, despite the fact that Brits like to imagine that their banking system is Important to the Global Financial system.)

But in this Clash of the Titans, anything is possible.

I see this more of an acrimonious divorce, with one party (Russia) getting the assets (house, car, stocks... gold, energy, food, manufacturing/technology) and the other party (USA, Euro) getting the bank accounts (dollars, euros).

Which will be worth more in the long run? I dunno. My guess is that commodities and manufacturing will win out in the end, but taking on the west euro/dollar is not risk-free, so it might turn out outherwise.

Clearly, the west is going all-out to destroy Russia. It looks as if Joe* is preparing the soil for false flag (chemical/biological) attack with which to herd the Euro cats back into line. The level of USA neocon desperation is also an indicator of what THEY (western neocons) are internally predicting. So another thing to keep an eye on.

-----------
Pity would be no more,
If we did not MAKE men poor - William Blake

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Saturday, March 19, 2022 6:16 AM

JAYNEZTOWN

Steve Cortes: The Ides of March 2022 Marked the Day King Dollar Was Dethroned

https://rumble.com/vxroe5-steve-cortes-the-ides-of-march-2022-marked-t
he-day-king-dollar-was-dethrone.html

Saudi Arabia mull oil sales in Chinese yuan

https://news.yahoo.com/saudi-arabia-mull-oil-sales-121253883.html

Russian rouble barely moves after c.bank holds rates

https://financialpost.com/pmn/business-pmn/russian-rouble-barely-moves
-after-c-bank-holds-rates

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Monday, April 11, 2022 3:56 PM

JAYNEZTOWN

Ruble or gold for Russian gas

https://manilastandard.net/opinion/314220415/ruble-or-gold-for-russian
-gas.html

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Tuesday, April 19, 2022 8:47 AM

JAYNEZTOWN

UK to revoke Moscow Stock Exchange's status as a recognized stock exchange, Her Majesty's Revenue and Customs department announced today.

https://www.mynewsdesk.com/uk/hm-revenue-customs-hmrc/pressreleases/uk
-to-revoke-moscow-stock-exchanges-recognised-status-3176128

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Thursday, April 21, 2022 7:08 AM

JAYNEZTOWN

Putin Knows The Monetary System Is A Credit Based Ponzi Scheme: Lawrence Lepard

https://quoththeraven.substack.com/p/putin-knows-the-monetary-system-i
s?s=r

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Thursday, April 21, 2022 8:33 AM

6IXSTRINGJACK

Everything is a ponzi scheme. Social Security, your 401k, your health insurance. Everything.

--------------------------------------------------

Me: "Remember Covid?"

Useless Idiots: "What's Covid, durr? Russia, Ukraine, Putin, NATO *drool*. DURRRR!!!!"

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Friday, December 23, 2022 6:43 PM

JAYNEZTOWN

Russian Telegram is saying that some [ Russia ] banks are refusing to give people their money. To prevent cash withdrawals, they are blocking debit cards from working and turning off ATMs.

https://twitter.com/officejjsmart/status/1606300584243601412

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Wednesday, December 28, 2022 1:40 AM

JAYNEZTOWN

Russian rouble falls to 70 vs dollar as sanctions weigh

https://www.reuters.com/markets/currencies/russian-rouble-falls-70-vs-
dollar-sanctions-weigh-2022-12-27/

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Monday, August 14, 2023 11:37 AM

JAYNEZTOWN

the West and Russia almost on a mission to economically destroy each other, US Dollar vs Russian Ruble

Russian ruble slides to 16-month low against U.S. dollar
https://uk.finance.yahoo.com/news/russian-ruble-slides-16-month-135524
950.html

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Wednesday, September 13, 2023 7:48 AM

JAYNEZTOWN

Russia's Pivot Away From US Dollar Is Not Going According to Plan

https://www.newsweek.com/russia-india-china-de-dollarization-us-dollar
-rupees-stuck-1825530

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Saturday, June 15, 2024 7:54 AM

JAYNEZTOWN

Financial fallout begins: Banks in Kyrgystan, a member country of Russia's CSTO military alliance, are blocking transactions even in rubles in both directions with Russian banks.

https://x.com/igorsushko/status/1801301294830977379

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Wednesday, August 28, 2024 6:09 AM

JAYNEZTOWN

UN fears nuclear incident possible at Russia’s ‘vulnerable’ Kursk plant after drone strikes
https://www.politico.eu/article/un-international-atomic-energy-agency-
rafael-grossi-nuclear-incident-russia-kursk-plant-drone-strikes-war-in-ukraine/
International Atomic Energy Agency raises the alarm

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Thursday, September 5, 2024 1:22 PM

JAYNEZTOWN

Vitaly Tretyakov says Russians are asking questions about the Kursk region