The ruble higher now that before the war

[yidnar]

Any guess on which country is propping it up?

i've got a feeling its a country that democrats defend when said country is blamed for covid, genocide , slave labor ect ...

 

[1srelluc]

Any guess on which country is propping it up?

India for one and I applaud them for not kowtowing to some senile old fool in DC. They just want the trade and don't have time for the virtue signaling.

Of course the US has already threatened them.

U.S. Tells India There Will Be 'Consequences' for Dodging Russia Sanctions

Then there is China, Mexico, Israel, UAE, Serbia, and many other lesser nations.

 

[Toddsterpatriot]

Pootie has backed it with Gold. That'll do it.

Russia’s currency bounces back after Moscow mandates payment for gas in gold-pegged ruble​

Russia's currency bounces back after Moscow mandates payment for gas in gold-pegged ruble

After falling steadily for days following the Russian invasion of Ukraine, ruble—the Russian currency -- is back despite stringent sanctions.

www.thestatesman.com

With the aim of supporting the ruble, the Russian Central Bank announced pegging the currency with gold — one gram of gold is currently pegged at 5000 ruble. The move is expected to increase the flow of gold into the kitty of the Russian Central Bank.

Gold is about $1932, $68 a gram. About 78 rubles to the dollar, 5304 rubles to the gram.

You feel like buying or selling gold at 5000?

 

[Rust_Cohle]

Putin is propping up the ruble through artificial means, dipshit. Didn't you know that, comrade?

We got a bad ass over here. when you flying over to fight in Ukraine faggot

 

[Big Bend Texas]

Good job Joe, those sanctions really are working. Explain this one liberal economists, I thought Russia would be bankrupt

The ruble is now worth about 12.3 Cents, just about where it was the day the invasion was launched.

If you think that's worthy of celebration you are both sick and ignorant.

RUB/USD Currency Exchange Rate & News - Google Finance

Get the latest Russian Ruble to United States Dollar (RUB / USD) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions.

www.google.com

 

[Big Bend Texas]

With the aim of supporting the ruble, the Russian Central Bank announced pegging the currency with gold — one gram of gold is currently pegged at 5000 ruble. The move is expected to increase the flow of gold into the kitty of the Russian Central Bank.

Gold is about $1932, $68 a gram. About 78 rubles to the dollar, 5304 rubles to the gram.

You feel like buying or selling gold at 5000?

What it's actually likely to do is to start a run on Russian banks as people try to dump Rubles in exchange for gold so they can flee the country.

 

[Big Bend Texas]

With the aim of supporting the ruble, the Russian Central Bank announced pegging the currency with gold — one gram of gold is currently pegged at 5000 ruble. The move is expected to increase the flow of gold into the kitty of the Russian Central Bank.

Gold is about $1932, $68 a gram. About 78 rubles to the dollar, 5304 rubles to the gram.

You feel like buying or selling gold at 5000?

And the Euro's thus far refuse to pay in gold.

G7 rejects Putin's demand for rouble payment for Russian gas - Germany

Energy ministers from the Group of Seven industrialized nations reject demands by President Vladimir Putin that "unfriendly" countries pay for Russian gas with roubles, Germany's Robert Habeck said after talks with his counterparts on Monday. "All G7 ministers have agreed that this is a...

finance.yahoo.com

WRAPUP 2-Russia's gas supply to Europe at risk as rouble deadline nears

Russia said it would work out practical arrangements by Thursday for foreign companies to pay for its gas in roubles, raising the probability of supply disruptions as Western nations have so far rejected Moscow's demand for a currency switch. President Vladimir Putin's order last week to charge...

finance.yahoo.com

Putin seems to have failed the first lesson of business which is that the buyer dictates the price to be paid and the currency to be used unless the seller has the only supply of whatever commodity being sought.

He can try to manipulate and pop up his currency with such measures but both his currency and petroleum are only worth what buyers are willing to pay.

 

[Toddsterpatriot]

The ruble is now worth about 12.3 Cents, just about where it was the day the invasion was launched.

You're off a decimal place.

 

[Toddsterpatriot]

What it's actually likely to do is to start a run on Russian banks as people try to dump Rubles in exchange for gold so they can flee the country.

It's not exchangeable for gold.

 

[DarthTrader]

Any guess on which country is propping it up?

Europe. They can't get enough of Putin's black goo

 

[DarthTrader]

With the aim of supporting the ruble, the Russian Central Bank announced pegging the currency with gold — one gram of gold is currently pegged at 5000 ruble. The move is expected to increase the flow of gold into the kitty of the Russian Central Bank.

Gold is about $1932, $68 a gram. About 78 rubles to the dollar, 5304 rubles to the gram.

You feel like buying or selling gold at 5000?

That's like saying would you want to buy a dollar for $0.75? HELL YES.

 

[DarthTrader]

They don’t have to outrun the sanctions. They just have to outrun the food supply. And they have a big head start. Between Russia, and Ukraine, they export 30 percent of the globally traded wheat, and substantial amounts of other grains too.
Many countries depend on the imports of those grains to survive; Egypt being a big one. But only one of many. So… When all these African countries start starving what do you think they’re gonna do to escape the starvation, and violence? The same thing they’ve been doing, only at an expedited rate; flood into Europe. Europe is going to be so busy dealing with the flood of migrants, and the growth of nationalist movements borne of the migrant crises, that they won’t have the time, money, or resources to deal with anything Russia is doing.

Russia can also dole out food for favors/deals/alliances.

 

[DarthTrader]

The 20% inflation rate of the Ruble?

You're so fucking dumb. There's next to no inflation in the Ruble, per the chart lolol.

 

[Toddsterpatriot]

That's like saying would you want to buy a dollar for $0.75? HELL YES.

Yes, the Russian central bank would like to buy a dollar for $0.75.
Do you want to sell?

 

[Toddsterpatriot]

You're so fucking dumb. There's next to no inflation in the Ruble, per the chart lolol.

 

[Big Bend Texas]

View attachment 629333

He's big on being a condescending prick and as usual way short on facts.

 

[theHawk]

The sanctions are designed to hurt Americans.

Dems need to punish America for not embracing their demented policies.

 

[DarthTrader]

Yes, the Russian central bank would like to buy a dollar for $0.75.
Do you want to sell?

Lol that's not what the Russian central bank is asking for. The Russians central bank has pegged the ruble at 5,000 per gram. That means they are buying AND selling gold for about $2,000 an ounce which is about $30 premium.

So you can buy gold from US and sell gold to Russia at a profit.

This basic stuff is called the Gold Carry Trade. You're a dumb ass and don't know anything.

 

[DarthTrader]

He's big on being a condescending prick and as usual way short on facts.

Dumb ass, I know way more than either of you morons.

 

[DarthTrader]

View attachment 629333

Now do "real inflation" lol. With interest rates at about 20% and nominal are at 12%, there's actually a 3% to 11% deflation in the Ruble.