Russian Rouble Collapses

[Taco]

Your dream of finding a Russian girlfriend just got cheaper.

Russian Rouble Collapses
http://www.businessinsider.com/the-roub ... ow-2014-12

Russian Inflation Watch - Hookers Hike Rates Up To 100%
http://www.zerohedge.com/news/2014-12-1 ... g-currency

[Rock]

Your dream of finding a Russian girlfriend just got cheaper.

Russian Rouble Collapses
http://www.businessinsider.com/the-roub ... ow-2014-12

Russian Inflation Watch - Hookers Hike Rates Up To 100%
http://www.zerohedge.com/news/2014-12-1 ... g-currency

In second and third world countries, there's a tendency for such services to be priced in whatever currency is in a rising trend. If local currency is strengthening, prices will be firmly set in that currency. But if local currency is weakening, then all of a sudden quote will be in Euros or US dollars. Same goes for a lot of the tourist hotels and restaurants. And if local currency is falling fast, inflation kicks in quickly! Usually you can't win no matter what lol.

[Moretorque]

The whole thing is a gigantic con, Russia's central bank system was set up by the same people who hold all the treaties for the wars fought over the last couple centuries. Intelligent people would have their currencies tied to real agreements so this cannot happen and the producers who actually work and produce get a fair shake in the system.

You have the non producers rigging the whole system with accounting gimmicks, total sham.

[Taco]

They had to halt trading because the ruble is going hyper-parabolic.

USD/RUB
http://www.xe.com/currencycharts/?from= ... UB&view=1Y



As I mentioned in a previous post. The grim reaper is coming for you.

[OutWest]

They had to halt trading because the ruble is going hyper-parabolic.

USD/RUB
http://www.xe.com/currencycharts/?from= ... UB&view=1Y



As I mentioned in a previous post. The grim reaper is coming for you.

Putin played his cards well for a while. He did not anticipate the oilglut and oil price crash and neither did he factor in that likelihood. He did not play the end game well. A bluejay mouth and a bluebird ass as they say...
The entire Russian economy, including oil sales, is considerably smaller than the economy of California.
Those who hold rubles want to dump them, much of which is connected to the raging flight of capital underway in light of the ruble oil party coming to an end.
If you take away oil and a second tier arms industry, you do not have much more than a big cabbage patch.

One should not celebrate the collapse of the Russian economy. It could get much worse and the US and Western Europe should look at providing some kind of assistance if it comes to that.

[Moretorque]

What about the low oil prices making the US fracking go under water? and aren't the oligarchs crashing the Russian economy on purpose because they are not playing ball with the CITI plan? I was not aware the Russian economy was no bigger than California's

What about the Brics trading block coming on line in 2015, how does it play into this?.

[newlifeinphilippines]

Russians are smarter than you. Its america that is going down. Dont worry about russians.

[droid]

Your dream of finding a Russian girlfriend just got cheaper.

That's hilarious.

Incidentally, down here in Colombia the Peso has followed a similar pattern
http://www.bloomberg.com/quote/USDCOP:CUR/chart
They say it's because of oil prices as well.
I wonder if oil supply/demand is a non-linear thing, where a marginally greater production (American fracking), can really throw prices down like that.
But it would make sense that the greater a country's productivity the stronger its currency should be..(?)

A different factor could be the end of the FED QE stuff, making the dollar "more scarce/valuable".

I know "things are all rigged" as some of you say, but there's room for analysis, there's many factors.

[newlifeinphilippines]

Your dream of finding a Russian girlfriend just got cheaper.

That's hilarious.

Incidentally, down here in Colombia the Peso has followed a similar pattern
http://www.bloomberg.com/quote/USDCOP:CUR/chart
They say it's because of oil prices as well.
I wonder if oil supply/demand is a non-linear thing, where a marginally greater production (American fracking), can really throw prices down like that.
But it would make sense that the greater a country's productivity the stronger its currency should be..(?)

A different factor could be the end of the FED QE stuff, making the dollar "more scarce/valuable".

I know "things are all rigged" as some of you say, but there's room for analysis, there's many factors.

future bad global economy and phony u.s federal reserve recovery with cheap money deflating = collapsing oil.

[OutWest]

What about the low oil prices making the US fracking go under water? and aren't the oligarchs crashing the Russian economy on purpose because they are not playing ball with the CITI plan? I was not aware the Russian economy was no bigger than California's

What about the Brics trading block coming on line in 2015, how does it play into this?.

Depending on the price of oil, the Russian economy is either somewhat smaller than California's or significantly smaller as oil prices shrink. Yes, oil sands and fracking sources will be hurt by plunging prices- depending on the exact field. Some cracking sources are profitable down to
$30, whereas Russia needs market price of at least $80 to stay in the black without huge cutbacks. Russia is dependent on oil revenue in a way that the USA is not.

The tinfoil hatters will keep up their innane chatter because they live far removed from any consequences, but Russian citizens will have their lives savaged. A Russian economic collapse is nothing good and the West really needs to get ready to soften the blow.

[Jester]

If you take away oil and a second tier arms industry, you do not have much more than a big cabbage patch.

Seems to me those are the only three things you need, if you have a determined populace.

If you strip out the financial sector and also all the imported stuff in retail, what do we really have here? Pretty much the same three things, I guess?

The US is on the brink of civil war. Russia, with all its problems, is not.
Russia's troops are at home. US troops - and commitments - are all over the place.
The US is broke. Russia is not.

Granted our economic attack via oil price collapse is making them tighten their belt.

And here's the biggest diff -- in order to win this confrontation, Russia only has to hunker down and outlast us. We are attacking, they are playing defense.

And lately, even IRAN and SYRIA survived our best economic efforts, plus saber-rattling.

My money's on Russia.

[OutWest]

If you take away oil and a second tier arms industry, you do not have much more than a big cabbage patch.

Seems to me those are the only three things you need, if you have a determined populace.

If you strip out the financial sector and also all the imported stuff in retail, what do we really have here? Pretty much the same three things, I guess?

The US is on the brink of civil war. Russia, with all its problems, is not.
Russia's troops are at home. US troops - and commitments - are all over the place.
The US is broke. Russia is not.

Granted our economic attack via oil price collapse is making them tighten their belt.

And here's the biggest diff -- in order to win this confrontation, Russia only has to hunker down and outlast us. We are attacking, they are playing defense.

And lately, even IRAN and SYRIA survived our best economic efforts, plus saber-rattling.

My money's on Russia.

Well I hope you have a lot of it...they are going to need it.
It will be the sentiment of Russian holders of capital that will matter most. If you have an economy smaller than 2 trillion
That might shrink to 1.5 trillion, and you also have 150 billion per year on capital flight - those are the bets that are going to matter. Long term the US has huge debt issues that they are going to kick down the road for some time...and it all could end with a meltdown. So how would Russia do then with oil @ ten bucks?

[newlifeinphilippines]

oil is going back up. the federal reserve will be getting out QE 4 soon

[Moretorque]

What about the low oil prices making the US fracking go under water? and aren't the oligarchs crashing the Russian economy on purpose because they are not playing ball with the CITI plan? I was not aware the Russian economy was no bigger than California's

What about the Brics trading block coming on line in 2015, how does it play into this?.

Depending on the price of oil, the Russian economy is either somewhat smaller than California's or significantly smaller as oil prices shrink. Yes, oil sands and fracking sources will be hurt by plunging prices- depending on the exact field. Some cracking sources are profitable down to
$30, whereas Russia needs market price of at least $80 to stay in the black without huge cutbacks. Russia is dependent on oil revenue in a way that the USA is not.

The tinfoil hatters will keep up their innane chatter because they live far removed from any consequences, but Russian citizens will have their lives savaged. A Russian economic collapse is nothing good and the West really needs to get ready to soften the blow.

Aren't the Money Masters driving the price of oil down?, the PETRO $ is the biggest con fraud of the last 40 years for sure. That is the only thing propping America up and when it goes so does the US?

[Moretorque]

oil is going back up. the federal reserve will be getting out QE 4 soon

They never stopped, they have to do it to keep the world wide house of cards a float. People seem to not mind living in the matrix here in America because reality to the fact it's unsustainable has not hit home yet in full swing. When it does people are going to be like what happened and the people who are grounded to reality will be like we tried to tell you long ago and you idiots would not wake up but it will be to late and the big die off will commence!