Post
Topic
Board Economics
Re: Unusual Situation as Russia’s Ruble bounces back as world best per fiat currency
by
philipma1957
on 10/06/2022, 03:22:44 UTC
And their currency having a blow-off top like a total shitcoin is only just the tip of the iceberg. Their stock market is getting toast, and it seems likely to continue as well.

LOL.. you guys have been predicting a complete economic meltdown in Russia for more than 3 months now. The Russian currency and stock market seems to be doing just fine. None of your doomsday predictions have materialized. On the other hand, the commodities that Russia export have gone up in prices by manifold. Wheat went up from $200 per tonne to $500 per tonne. Crude went up from $40 per barrel to $125. LNG used to cost as little as $50 per thousand cubic meters. Now it costs $1,000 to $1,200. If anyone is suffering, it is not the people of Russia. The hydrocarbon importers, such as EU, India and Japan are suffering.

Thats because biden and putin have worked together to raise oil prices up and over the moon.

All this was done to boost oil prices and as prez bush used to say.

Mission Accomplished.