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	Create New Topic   My Posts   My forum buddies   Invite friends   Private messages Russian brides > Main Forum > Economic Consequences of the War Author Post MartinPC Member send PM   block PM add to buddies Send: 10/27/2014 7:47:51 AM   1.00 USD = 42.2224 RUB MartinPC Member send PM   block PM add to buddies Send: 10/27/2014 7:55:31 AM   1.00 USD = 42.2514 RUB MartinPC Member send PM   block PM add to buddies Send: 10/27/2014 9:14:32 AM   1.00 USD = 42.2763 RUB MartinPC Member send PM   block PM add to buddies Send: 10/27/2014 10:08:58 AM   1.00 USD = 42.2812 RUB durak Member send PM   block PM add to buddies Send: 10/27/2014 3:38:40 PM   THIS TIME, IT'S THE WAR As Martin has faithfully documented here, the ruble tumbled dramatically Monday morning, in what looked like a panic sell-off. I've been puzzling over this, because crude oil prices have (for now, at least) stopped their steep decline, with Russia's Urals benchmark crude appearing to stabilize a little below $85/bbl. I would expect this to calm the ruble decline as well. As far as I can make out, today's ruble selling was powered by (1) a speech Putin gave on Friday, in which he blamed the West (especially the US) for "blackmailing" Russia; and (2) Sunday's parliamentary election in Ukraine, which resulted in a strong victory for parties wanting Ukraine to unify with the real Europe. From my perspective today: A. Putin has won the battle by destroying Ukraine's sovereignty over its own territory (perhaps for decades to come, if not permanently). Ukraine surrendered in the transition days from August to September, and Poroshenko will not use Ukraine's military no matter how strongly provoked. Ukraine's military campaign is over, probably forever. Putin has graciously responded to Ukraine's surrender by continued economic bullying and armed slaughter. B. Putin has lost the war by ensuring that Ukraine will never become part of his economic bloc. The entire purpose of Putin's whole unlawful war of military aggression was to keep Ukraine from joining the West -- all the nonsense about the strategic necessity of Crimean naval bases, and the threat of NATO, were and are hogwash. The Ukrainian people decided that they wanted to choose the direction of their own country, and real democracy is against everything Putin stands for. NATO would never, under any circumstances, invade Russia. But if a country made up of Russians and their closest cousins becomes a true democracy, and those people eventually enjoy better lives than in Russia -- for Putin, that is a dagger aimed at the heart of his tyrannical rule. ________________________ Just perhaps, then, today's ruble panic reflects a recognition by Russians that their Fearless Leader actually has lost his war ... and that now, in desperation, he may pull some more reckless and destructive stunts. Damned Glad I'm Not a Russian. Flavius Member send PM   block PM add to buddies Send: 10/27/2014 9:06:38 PM   Vitam regit fortuna, non sapientia lonelyranger1701 Member send PM   block PM add to buddies Send: 10/27/2014 10:46:11 PM   http://www.bbc.com/news/world-europe-29778823 “Russia in grim go-it-alone mood as sanctions bite Russia's efforts to reduce its reliance on trade with the West overshadowed a high-profile meeting between President Vladimir Putin and foreign correspondents in Sochi……….” durak Member send PM   block PM add to buddies Send: 10/28/2014 4:58:48 AM   AW SHIT OK, this is getting ridiculous. It now takes 42.51 rubles to buy a US dollar. The Argentinian peso is one of the world's most battered currencies at present, Argentina having gone into default on sovereign debt. Since the start of 2014, the Argentinian peso has lost 30.4% on the USD. Since the start of 2014, the ruble has now lost 29.4% on the USD. Lonely, those Russian wheelbarrow factories had better ramp up production ... oh wait, they can't borrow from foreign banks ... durak Member send PM   block PM add to buddies Send: 10/28/2014 5:36:34 AM   Already, the ruble reached 42.59 / USD. I haven't seen a beating like this since Rodney King. Australia Man Member send PM   block PM add to buddies Send: 10/28/2014 6:50:26 AM   1.00 INR = 0.0207668 SGD Indian Rupee ↔ Singapore Dollar Australia Man Member send PM   block PM add to buddies Send: 10/28/2014 6:52:23 AM   1.00 USD = 180.914 KZT US Dollar ↔ Kazakhstani Teng MartinPC Member send PM   block PM add to buddies Send: 10/28/2014 8:28:01 AM   Some cheap holidays to be had in Russia but I wouldn't recommend wearing the "USA" tee shirt nor the "I LOVE NY" baseball cap :) durak Member send PM   block PM add to buddies Send: 10/28/2014 12:26:09 PM   Martin, A magazine writer went to Russia a few weeks ago on a "PR tour" (expenses paid by Putin). In the Moscow metro, a drunk guy (who knew, there are drunks in Russia!) heard her speaking English with a colleague, and threatened to punch them out -- if they were Americans (which they are). Her colleague speaks Russian, and told the drunk that the two of them were Serbians on holiday in Moscow. That made the Russian guy happy. MartinPC Member send PM   block PM add to buddies Send: 10/28/2014 8:38:49 PM   Durak, Back in the 90's I lived and worked in the Belgian seaport town of Ostend which, being a seaport, attracted the British coming in on their 'booze cruise' ferries, behaving badly whilst drunk before returning back to UK ... accordingly the British weren't very popular in Ostend whilst it became more complicated because I couldn't admit to working there because I wasn't paying any tax or social security. One evening out with a Swedish workmate some locals overheard us speaking English and, in a threatening manner, came towards us questioning if we were English/British. A few years previously I had occupied some 5 months living and working in Australia and I'd actually returned home with an Australian accent so when these guys questioned I just replied in my Australian drawl "No mate, I'm from Australia and my friend here is from Sweden" ... Problem solved :) lonelyranger1701 Member send PM   block PM add to buddies Send: 10/28/2014 10:31:08 PM   Martin-Durak,,,,,, would you suggest that anyone from the “west?”,,,, regardless of their political beliefs, take their family to live in Russia at a time like this??? Would it be safe for them? MartinPC Member send PM   block PM add to buddies Send: 10/29/2014 2:47:51 AM   I didn't say "safe", I said "cheap" :) durak Member send PM   block PM add to buddies Send: 10/29/2014 4:27:33 AM   ANOTHER MORNING, ANOTHER HAMMERING FOR THE RUBLE New all-time record: 42.74 RUB / USD ________________________ And on the pedestal these words appear: 'My name is Ozymandias, king of kings: Look on my works, ye Mighty, and despair!' Nothing beside remains. Round the decay Of that colossal wreck, boundless and bare The lone and level sands stretch far away. Australia Man Member send PM   block PM add to buddies Send: 10/29/2014 6:21:07 AM   1.00 US=180.914 KZT Australia Man Member send PM   block PM add to buddies Send: 10/29/2014 7:20:20 AM   1.00 INR Indian Rupee = 0.151145 BWP Botswana Pula Australia Man Member send PM   block PM add to buddies Send: 10/29/2014 7:41:44 AM   ANOTHER MORNING, ANOTHER HAMMERING FOR THE Angolan Kwanza 1.00 AOA Angolan Kwanza = 1.10240 ALL Albanian Lek Your Reply: Your name:   New Registration Password:   Forgot password?   refresh Code:   Russian brides > Main Forum > Economic Consequences of the War
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