Russian soldiers have major Ukrainian cities surrounded and are beginning to close in. The situation in Ukraine is dire. It’s not great for Russia either. In addition to being ostracized by most countries, the ruble is weakened.
The ruble hit its weakest level ever against the dollar. It will spike inflation.
“Russian bank Tinkoff now offering to exchange rubles for dollars at a rate of 171 rubles per dollar. It was 83 before the European/US announcement about targeting the Russian central bank. The currency market formally opens tomorrow. This is brutal,” Paul Sonne, a reporter for The Washington Post, tweeted.
Air space is being shut down over Russia and popular payment systems like ApplePay will stop working, which sent Russians to ATMs to get rubles.
The U.S. and the European Union this weekend agreed to kick some Russian banks off the SWIFT financial messaging system and freeze the central bank’s reserves.
Putin is facing the harshest sanctions leveled at a major economy in at least a generation, and some of the pain may be seen when markets open Monday.
Russian currency is likely to become even more worthless in the coming days, some experts said, according to Bloomberg.
“I can’t see a scenario where it doesn’t get hammered,” said Paul McNamara, a fund manager at GAM Investments. “I don’t expect effective intervention in terms of pricing, but in terms of reducing legal grounds to sell rubles.”
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Russian bank Tinkoff now offering to exchange rubles for dollars at a rate of 171 rubles per dollar. It was 83 before the European/US announcement about targeting the Russian central bank. Currency market formally opens tomorrow. This is brutal. pic.twitter.com/NsTBI4tvTZ
— Paul Sonne (@PaulSonne) February 27, 2022
Putin and the Russians don’t care about the Ruble on the world market, they have huge Oil Reserves (#8) and Uranium Reserves (#4). Russia also has the largest nuclear arsenal in the world and it would be suicide to go nuclear against them. The price of the Ruble on the world market is irreverent. One of the things I learn when the Thai Baht crashed in 1997, it didn’t hurt the average Thai, or even Rich Thais. It hurt outside investors far more because prices didn’t change in Baht, so outsiders took a bath when they exchanged their baht into dollars and Euros. Oil is sold in Dollars and if you want Russia’s oil you pay a premium as the price of oil goes up. The EU is dying. they have used up all their energy resources except for coal and refuse to use coal.
The Old European Money has been surviving on money manipulation, but the rest of the world is no longer playing along with the WEF. The money manipulators can play with the Ruble all they want, but at the end of the day, Europe and the US will pay higher prices for oil because Traitor Joe is a Moron! The world is going back to making money the old fashion way; earning it. I won’t be surprised if Putin marches his army right into Davos and burns the city to the ground; just to get Klaus Schwab’s attention, along with his friends. Cut off Government Fiat Currency Printing Presses and the Rich go broke real fast without Government welfare. Who knows, in a year the Ruble and the Yuan may be the worlds reserve currency, if we don’t get the Democrats out of power now! Personally, I’m thinking about buying Rubles before Traitor Joe, Democrats, and the FED succeed in crashing the US Dollar. The only smart thing for the United States to do is just walk away from NATO. Europe has been on life support since before WWII. America and Great Britain don’t need to go down with Continental Europe.
Remember, WWIII officially starts when France surrenders to Germany.
“Do not think I came to bring peace to the earth; I came to bring, not peace, but a sword. For I came to cause division, with a man against his father, and a daughter against her mother, and a daughter-in-law against her mother-in-law. Indeed, a man’s enemies will be those of his own household.”
Matthew 10:34
Viva and Barnes discussing.
https://www.youtube.com/watch?v=NKQPGCXaRyo
Breaking-16 mins ago-Saudi Arabia confirms its commitment to Russia and they are Let’s Go Brandon all the way.
The dreamy Ann B slices through like a laser beam with her take that this latest Schwab productions in the Kraine is being framed as the battle for making the world safe for globohomo.
Russia is one of the last Christian [Orthodox] nations.