I think it’s really funny that people are seeing this as “factual numbers” when exchange rates are literally market prices driven by currency buyers. The biggest currency buyers are all North Atlantic countries. So the idea that Russia’s ruble has a low exchange rate against USD is not noteworthy in the slightest - what idiot would invest in stores of rubles when their countries are all engaged in economic sanctions that threaten to make those rubles useless to them.
China’s Yuan is also at an all-time low against the USD and it’s not in a hot war with a US proxy. What’s that mean? Is it evidence that the sanctions against Russia are working? Is it evidence that Russia will collapse any day now? The imperial bootlickers will cherrypick literally anything that helps them buoy their sinking narrative so that they can sleep at night. The reality is that the foreign exchange rates are generally set by imperialists (see LIBOR scandal for just how much imperialists manipulate world financial markets and just how little they get prosecuted for it), and that a low RUB-USD rate matters for buying things in USD - which Russia can’t really do because of Western sanctions. So what does it actually matter? The bigger question is what is the RUB exchange rate with its dominant trading partners. It’s been falling against the CNY as well, which is somewhat troubling, but executing deals in yuan with yuan reserves means the exchange rate doesn’t actually matter. Domestically, Russia’s economy is growing with latest estimates expecting growth of 2.5%, because that’s what happens in a war economy.
So to summarize, Russians are seeing purchases in USD become more expensive, but Russian’s can’t make many purchases in USD anymore because of sanctions, the domestic economy is improving and citizens of Russia are getting what they need from their trading partners, and the bigger concern is whether or not purchases from their trading partners are getting more expensive and will that hurt the domestic economy.
So far, we don’t have much evidence of economic distress inside Russia.
you could have just said
“yup, the rouble is fucked”
and saved yourself all that propaganda posting
Why do you even bother to engage in World News if your primary interest is maintaining cognitive dissonance through willful ignorance and the moronic good/evil framing of the world?
Why do you even bother to engage in World News if your primary interest is maintaining cognitive dissonance through willful ignorance and the moronic good/evil framing of the world?
It’s not. My primary interest is to learn, analyze, and understand the world around me. I don’t believe good and evil exist, period. My secondary interest is engaging others to learn from them. My tertiary objective is to engage with others to disabuse them of false beliefs based on my current understanding of the world around me.
Why do you even bother to engage in World News if your primary interest is … the moronic good/evil framing of the world
From the guy that uses “imperialist” in every other sentence. This is especially ironic given that Russia is the one invading and annexing territory.
Yet again, showing that you have no awareness of the world, despite participating in news streams about the world and choosing to engage with the content. What’s wrong with you? We’ve been working with a definition of imperialism for over a century at this point and that definition is not “invading and annexing territory”. The only people who use this definition are people in the imperial core who want to engage in whataboutism every time they get called out for dominating 80% of the world’s people. “Oh, but what about Russia! They invaded a place, they must be imperialist too!” Fucking garbage ignorance.
I use imperialist in every other sentence because you imperialists need it drilled through your skulls, apparently, that in point of historical fact the North Atlantic is the evil empire you keep fantasizing about when you call for the blood of “Russian orcs” or the death of the “brain washed Chinese”. You can’t seem to fathom the idea that the reason BRICS is on the rise is because the entire world is tired of being dominated by the white supremacist minority that rules from the North Atlantic. You refuse to see that white Eurocentric men dominated 80% of the world’s population for multiple centuries and that it’s not ancient history but rather the major force driving contemporary geopolitics. You think Russia invading Ukraine is an act of imperialism but have zero position on the School of the Americas and probably don’t even realize it exists, what it is, or how it spreads Euro-imperialism. You claim Russia and China are fascists when quite literally all fascism that we’ve seen historically has emerged from the white supremacist North Atlantic axis, that the Third Reich was literally emulating and advancing programs they lifted from the USA and that the USA continued those programs well past the end of the war. So yes, I constantly reinforce the point that the North Atlantic are the imperialists in this world, they are the ones who have carved up the entire world into their vassals, markets, and subjects, and that they have been so difficult to resist that extreme measures have been shown to be the only thing that works to resist and fight back against them.
Again, why do you even both engaging in this community if your only goal is to maintain cognitive dissonance by refusing to learn anything, repeating mindless drivel, and fantasizing about the way world works. You don’t need world news for that. You can just watch Prager U videos and get the same effect. And you’d save all of us the headache of having to contend with your deliberate and contented ignorance.