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Posted: 12/15/2014 11:17:15 PM EDT
http://money.cnn.com/2014/12/15/investing/russia-ruble-economy-crash/index.html?hpt=hp_t2
Russia's economy is crashing and its currency appears to be in free fall.The ruble plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%. A double-whammy of collapsing oil prices and Western sanctions is driving up inflation. Cash is flooding out of the country and the risk that some Russian companies may default is increasing. Russia's central bank has not only been raising interest rates, but has spent nearly $90 billion trying to defend the ruble and prevent prices spiraling out of control. Karma is a bitch! Oh, and alot of the comments are  |
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Posted: 12/15/2014 11:18:32 PM EDT
[#1]
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars.
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Posted: 12/15/2014 11:19:19 PM EDT
[#2]
don't corner the bear,crazy ivan and all.they got nutin too lose.
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Posted: 12/15/2014 11:20:02 PM EDT
[#3]
Quote HistoryQuoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. |
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Posted: 12/15/2014 11:20:28 PM EDT
[#4]
Quote HistoryQuoted: don't corner the bear,crazy ivan and all.they got nutin too lose. They're not suicidal.
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Posted: 12/15/2014 11:20:37 PM EDT
[#5]
Quote HistoryQuoted: Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. Thinking to myself the same thing. Especially a man as Putin that is so full of himself. He is Hussein's equal in the narcissist department. |
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Posted: 12/15/2014 11:20:41 PM EDT
[#6]
We are Next.
just give it a few years. |
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Posted: 12/15/2014 11:21:00 PM EDT
[#7]
Quote HistoryQuoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. This. I don't think this is good for anyone. |
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Posted: 12/15/2014 11:21:20 PM EDT
[#8]
Well IF oil would stop it's crazy fall.......maybe we would see some stabilization.
Aloha, Mark |
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Posted: 12/15/2014 11:21:48 PM EDT
[#9]
Quote HistoryQuoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. FPNI as usual. |
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Posted: 12/15/2014 11:22:17 PM EDT
[#10]
I thought they were totally self sufficient and the outside world was just noise.
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Posted: 12/15/2014 11:22:25 PM EDT
[#11]
They've been unloading US Treasuries and buying a LOT of gold for a while now...
This could trigger them to back the Ruble with gold. |
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Posted: 12/15/2014 11:22:31 PM EDT
[#12]
same thing happened in the 80's resulting in the fall of the Soviet Union.
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Posted: 12/15/2014 11:23:30 PM EDT
[#13]
There is more to the fall of oil than supply and demand.
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Posted: 12/15/2014 11:23:45 PM EDT
[#14]
Quote HistoryQuoted: Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. LOL. Russia is no where near a modern day equivalent of Germany's military in the late 1930's. It's not the same circumstances at all. You guys gotta learn to see that just because you have similarities, doesn't mean it's going to happen all the same way or end the same way.
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Posted: 12/15/2014 11:24:03 PM EDT
[#15]
This
lift sanctions and allow importation of SVD Dragonauvs and $90 cases of Russian ammo  My trashcans will be full in a month  Quote HistoryQuoted: don't corner the bear,crazy ivan and all.they got nutin too lose. |
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Posted: 12/15/2014 11:24:07 PM EDT
[#16]
"Pesident Vladimir Putin has already ordered government departments to cut their budgets by 5%, and more cuts could follow. Defense and national security has so far been spared the ax -- Russia is pumping trillions of rubles into modernizing its military." So in times of economic uncertainty the Russians do the opposite of us, that's comforting. |
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Posted: 12/15/2014 11:24:21 PM EDT
[#17]
Gee... all we need now is the "Worst wheat harvest in xxx years and a bunch of disguised charter flights out of Mexico" or whatever.
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Posted: 12/15/2014 11:24:34 PM EDT
[#18]
I hope they eat each other.
Figuratively..... Well..... Maybe a little of both |
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Posted: 12/15/2014 11:24:41 PM EDT
[#19]
Quote HistoryQuoted: They've been unloading US Treasuries and buying a LOT of gold for a while now... This could trigger them to back the Ruble with gold. That will prompt me to buy some rubles. At that point, that currency becomes more stable than ours. |
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Posted: 12/15/2014 11:24:45 PM EDT
[#20]
How was their wheat harvest?
ETA : damnit all to hell. Beat. |
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Posted: 12/15/2014 11:25:14 PM EDT
[#21]
When does one start buying rubles?
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Posted: 12/15/2014 11:25:22 PM EDT
[#22]
Remind anyone of pre-WWII Japan?
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Posted: 12/15/2014 11:25:29 PM EDT
[#23]
Cool, time to plan a business trip. Just don't tell the wife.
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Posted: 12/15/2014 11:25:42 PM EDT
[#24]
Quote HistoryQuoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. Unless they lob nukes they have no way of projecting conventional force. |
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Posted: 12/15/2014 11:26:30 PM EDT
[#25]
How's the wheat harvest?
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Posted: 12/15/2014 11:26:47 PM EDT
[#26]
Don't fuck with the anglosphere. Germany and japan learned that lesson. It's Russia's turn now. This time next year Putin will be facing the Irish mans dilemma. Does he eat the potato now, or drink it later.
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Posted: 12/15/2014 11:27:01 PM EDT
[#27]
Quote HistoryQuoted: Gee... all we need now is the "Worst wheat harvest in xxx years and a bunch of disguised charter flights out of Mexico" or whatever. should I saw off my 32" Remington 870 now, or wait until my first Ruskie kill? |
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Posted: 12/15/2014 11:27:03 PM EDT
[#28]
So, those nuclear bombers they dusted off not too long ago and flying towards us will
be headed back to the barn soon?
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Posted: 12/15/2014 11:27:03 PM EDT
[#29]
I doubt Putin will go down without a fight, somewhere, somehow. Wars have been used to keep power in the past.
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Posted: 12/15/2014 11:27:08 PM EDT
[#30]
Dropped a quarter of it's value in the last two weeks.
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Posted: 12/15/2014 11:27:21 PM EDT
[#31]
Quoted:
http://money.cnn.com/2014/12/15/investing/russia-ruble-economy-crash/index.html?hpt=hp_t2 Russia's economy is crashing and its currency appears to be in free fall.The ruble plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%.Russia's central bank has not only been raising interest rates, but has spent nearly $90 billion trying to defend the ruble and prevent prices spiraling out of control. Karma is a bitch! Oh, and alot of the comments are
NoScript is your friend. I rarely see comments on anything.
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Posted: 12/15/2014 11:27:27 PM EDT
[#32]
Quote HistoryQuoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. This |
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Posted: 12/15/2014 11:27:31 PM EDT
[#33]
Quote HistoryQuoted:
"Pesident Vladimir Putin has already ordered government departments to cut their budgets by 5%, and more cuts could follow. Defense and national security has so far been spared the ax -- Russia is pumping trillions of rubles into modernizing its military." So in times of economic uncertainty the Russians do the opposite of us, that's comforting. So our budget just passed. How much did Our politicians cut it?? 
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Posted: 12/15/2014 11:27:37 PM EDT
[#34]
Quote HistoryQuoted:
Thinking to myself the same thing. Especially a man as Putin that is so full of himself. He is Hussein's equal in the narcissist department. Quote HistoryQuoted:
Quoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. Thinking to myself the same thing. Especially a man as Putin that is so full of himself. He is Hussein's equal in the narcissist department. Best watch it. GD loves the Putin. |
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Posted: 12/15/2014 11:28:30 PM EDT
[#35]
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Posted: 12/15/2014 11:28:31 PM EDT
[#36]
Not the first time. Won't be the last.
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Posted: 12/15/2014 11:28:40 PM EDT
[#37]
Quote HistoryQuoted:
So our budget just passed. How much did Our politicians cut it?? Quote HistoryQuoted:
Quoted:
"Pesident Vladimir Putin has already ordered government departments to cut their budgets by 5%, and more cuts could follow. Defense and national security has so far been spared the ax -- Russia is pumping trillions of rubles into modernizing its military." So in times of economic uncertainty the Russians do the opposite of us, that's comforting. So our budget just passed. How much did Our politicians cut it?? I've been reassured that it will all turn around in January. |
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Posted: 12/15/2014 11:28:41 PM EDT
[#38]
Quote HistoryQuoted:
They're not suicidal. Quote HistoryQuoted:
Quoted:
don't corner the bear,crazy ivan and all.they got nutin too lose. They're not suicidal. Russia lost 21.2% of their male population during WWII |
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Posted: 12/15/2014 11:29:01 PM EDT
[#39]
Quote HistoryQuoted: Remind anyone of pre-WWII Japan? No
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Posted: 12/15/2014 11:29:18 PM EDT
[#40]
Quote HistoryQuoted: LOL. Russia is no where near a modern day equivalent of Germany's military in the late 1930's. Quote HistoryQuoted: Quoted: Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. LOL. Russia is no where near a modern day equivalent of Germany's military in the late 1930's. It's not the same circumstances at all. You guys gotta learn to see that just because you have similarities, doesn't mean it's going to happen all the same way or end the same way. Actually, I was thinking more along the lines of the first Gulf War. If I remember correctly, Iraq had wracked up a pretty good debt fighting Iran. Saddam came up with some nonsensical excuse, and invaded Kuwait, saying they owed him money for doing the dirty work against Iran. Russia isn't the juggernaut Nazi Germany was...but we're not exactly looking real good either. Obama has been sacking generals and our allies don't trust us. War is good politics when you're in trouble. I wouldn't want to be one of Russia's neighbors right now. |
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Posted: 12/15/2014 11:30:12 PM EDT
[#41]
Quote HistoryQuoted: Russia lost %21.2 of their male population during WWII Quote HistoryQuoted: Quoted: Quoted: don't corner the bear,crazy ivan and all.they got nutin too lose. They're not suicidal. Russia lost %21.2 of their male population during WWII If the Nuclear bomb didn't exist, they might have conquered most of Western Europe. Like I said, different situation.
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Posted: 12/15/2014 11:31:27 PM EDT
[#42]
Quote HistoryQuoted: Don't fuck with the anglosphere. Germany and japan learned that lesson. It's Russia's turn now. This time next year Putin will be facing the Irish mans dilemma. Does he eat the potato now, or drink it later. Neither. 1) License AK-12 to the Serbs 2) Make civilian legal model to import to US. 3) ???????? 4) Profit! |
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Posted: 12/15/2014 11:31:39 PM EDT
[#43]
Quote HistoryQuoted:
They're not suicidal. Quote HistoryQuoted:
Quoted:
don't corner the bear,crazy ivan and all.they got nutin too lose. They're not suicidal. "Hey Boris! Hold my vodka and watch this!"
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Posted: 12/15/2014 11:32:36 PM EDT
[#44]
Quote HistoryQuoted:
Unless they lob nukes they have no way of projecting conventional force. Quote HistoryQuoted:
Quoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. Unless they lob nukes they have no way of projecting conventional force. Their navy and mech forces could roll up and rust all over you. What are you gonna do when an MRR comes over that hill and slowly crumbles next to you? You're gonna get tetanus, that's what. |
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Posted: 12/15/2014 11:32:47 PM EDT
[#45]
Putin backed into a corner is not comforting.
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Posted: 12/15/2014 11:32:55 PM EDT
[#46]
I expect some harsh and ineffective intervention soon. Just a brutal collapse! It's been mesmerizing to watch.
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Posted: 12/15/2014 11:33:10 PM EDT
[#47]
Quote HistoryQuoted:
I doubt Putin will go down without a fight, somewhere, somehow. Wars have been used to keep power in the past. It was war that brought them to this point. If they want to double down on their idiocy, well let's go. |
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Posted: 12/15/2014 11:33:10 PM EDT
[#48]
Quote HistoryQuoted:
Before we gloat too much, let's remember that sometimes unstable governments do crazy things in economic turmoil-like provoke wars. FPNI What better distraction from financial turmoil, than to create an enemy, make them villains, and convince the masses that war is necessary, Tread carefully..... |
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Posted: 12/15/2014 11:33:37 PM EDT
[#49]
Quote HistoryQuoted:
Russia lost %21.2 of their male population during WWII Quote HistoryQuoted:
Quoted:
Quoted:
don't corner the bear,crazy ivan and all.they got nutin too lose. They're not suicidal. Russia lost %21.2 of their male population during WWII We should have vaporized some too |
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Posted: 12/15/2014 11:33:45 PM EDT
[#50]
Quote HistoryQuoted:
Ahhh... fuck it... Let's sing like the good ol' days  http://youtu.be/IV4IjHz2yIo
http://youtu.be/IV4IjHz2yIo I try so hard to hate that Russian bastard, but watching him sing Blueberry Hill is fucking hilarious. 
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