Ruble Hits 100 Against the Euro As Currency Collapse Accelerates

[senheiser]

lol dude, chill, Russia can bomb whoever they want, you can even load your Su25 full of Russian coin as they worth absolutely nothing now. Its cheaper than using bomb.

Seriously the reason you cannot use gold is simply because you can say your 1 ounce of gold is worth 500 ton of grain. The only thing i need to do is to reject it, then your gold would not worth anything in my eyes

Unless Russian can eat gold and silver to survive, well, you would be better off using pig as currency as, well, at least you can eat them

cool story bro can i buy oil for pigs in saudi arabia? Reject gold? Your cpu processor needs gold and various other things.

 

[Jaggu]

fall of oil prices could not have come at a worst time for Russia.

 

[jhungary]

cool story bro can i buy oil for pigs in saudi arabia? Reject gold? Your cpu processor needs gold and various other things.

Are you for real or just pretenting to be dumb?

The bolted part is exactly why i said Gold cannot be a currency, you cannot use something that have a value on the side and given them another value as currency.

A currency must have independent value to be able to works as currency, thats why we use paper as money and not gold and silver for coin...

In short you can either withdraw gold and silver as a trade item in market and solely use it as a reference currency, or you would have a natural depreciation of value of.gold as YOU ARE USING THEM ON THE SIDE FR CPU, IC CIRCUIT OR SUSHI

lol....seriously....

 

[Ruisheng]

Any real world solutions outside of Call of Duty MW3?

If they lost control of price, they start to use new currency called blurrr

 

[MarkusS]

What do you think financial institutions like banks, investment firms, stock markets are for? To steal money from others and save into Swiss bank account of course.

they exist to guarantee me ymy holidays in exotic countries

Russia is way richer than most countries.

http://www.siemens.com/press/pool/de/events/2013/corporate/2013-04-russia/factsheet-russia-en.pdf

how comes most russians live like shit then? ha ha

 

[AMDR]

@LeveragedBuyout

Do you think Capital Controls will come into play with this?

 

[LeveragedBuyout]

@LeveragedBuyout

Do you think Capital Controls will come into play with this?

Russia is in a bind. If it imposes capital controls, of course it will stop the capital outflow and stop the ruble's decline--but it will also damage its ability to raise foreign-denominated debt and impair FDI inflows, which will starve the local economy of credit. Capital controls harms investors and creditors, and will affect Russia's creditworthiness. This reputational damage can last a decade or more.

If it does not impose capital controls, the ruble may continue to decline, which will aggravate the inflation problem.

Generally speaking, imposing capital controls is a last-resort measure, so I suspect they will try more forex intervention and higher interest rates first. Most analysts think that imposing capital controls at this point will make Russia's problems worse, on balance, but who knows what the political leadership is thinking.

 

[Ruisheng]

You can speak Arabic if you want. Everyone is free to speak any language. English is easiest so that's what everyone speaks on this forum.

true. People need a language to communicate and English happens to be the choice, easy learning and no "RRR”stuff. But you must admit that the influence comes from UK and US does exist.

 

[Superboy]

true. People need a language to communicate and English happens to be the choice, easy learning and no "RRR”stuff. But you must admit that the influence comes from UK and US does exist.

The US is turning into a Spanish speaking country

 

[gambit]

Are you for real or just pretenting to be dumb?

The bolted part is exactly why i said Gold cannot be a currency, you cannot use something that have a value on the side and given them another value as currency.

A currency must have independent value to be able to works as currency, thats why we use paper as money and not gold and silver for coin...

In short you can either withdraw gold and silver as a trade item in market and solely use it as a reference currency, or you would have a natural depreciation of value of.gold as YOU ARE USING THEM ON THE SIDE FR CPU, IC CIRCUIT OR SUSHI

lol....seriously....

How about: He is really dumb ? Good explanation on precious metals, but do not expect our man to admit he is wrong and clueless about the subject.

 

[atatwolf]

It seems like Russia won't survive this. Another collapse ala Soviet union is looming. Same conditions are being created.

 

[Superboy]

It seems like Russia won't survive this. Another collapse ala Soviet union is looming. Same conditions are being created.

The USSR was betrayed by the presidents of Russia, Belarus, Ukraine. The USSR was never defeated by economy.

Belavezha Accords - Wikipedia, the free encyclopedia

I was the one who said Assad cannot be beaten because of Russia.. No one believed me. Believe or not, I say Russia cannot be beaten by US sanction because of China.

 

[atatwolf]

The USSR was betrayed by the presidents of Russia, Belarus, Ukraine. The USSR was never defeated by economy.

Belavezha Accords - Wikipedia, the free encyclopedia

I was the one who said Assad cannot be beaten because of Russia.. No one believed me. Believe or not, I say Russia cannot be beaten by US sanction because of China.

China can't replace all the lost markets of the west. China has its own problems with growth slowing down and facing an economic crises with the housing and loan system. I'm afraid Russia played its cards wrong.

 

[Superboy]

China can't replace all the lost markets of the west. China has its own problems with growth slowing down and facing an economic crises with the housing and loan system. I'm afraid Russia played its cards wrong.

Russia is an independent country. By definition of independence, Russia does not need to trade with any other country. Any trade is merely out of goodwill.

 

[Nefer]

The USSR was betrayed by the presidents of Russia, Belarus, Ukraine. The USSR was never defeated by economy.

Belavezha Accords - Wikipedia, the free encyclopedia

I was the one who said Assad cannot be beaten because of Russia.. No one believed me. Believe or not, I say Russia cannot be beaten by US sanction because of China.

USSR was weakened heavily by the Space program and its free Support it gave to Socialist Middle-Eastern nations which an International element made it more expansive.