Russian Ruble falls to new low

As of this morning the Russian ruble has fallen in value to it's lowest point in the past 25 years (exclusive of the dip immediately after the 2022 invasion of Ukraine). As of 10 minutes ago the exchange rate of the Ruble on the world market is 1 penny US per Ruble. Further depreciation in value is probable as the war continues.
professor

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Comments (10)

What about US debt Ken, has the interest on the US debt reached $700 million annually yet ?

It was about $650 million a month or so ago..
Do you really think the US is going to see any pay back from the Ukraine in the near future, maybe 20 years from now when the Ukraine recovers..
Oh very much. Once Ukraine fully gets back Crimea and controls the Black Sea while Russia becomes like Afghanistan with civil wars in every regioon Ukraine will be one of the strongest members of the EU. I don't see the financial benefits as taking more than 4 or 5 years.
Correction Ken, has the interest on the US debt reached $700 billion annually ?

What happens if China doesn't give the US any more loans to pay their debt ?

What will happen when all that printed US money makes it way back to the US, the US dollar will sink like stone without help from the rest of the world..
You speculate about future economic events, something people on Wall Street wish they were good aat, but are often proved wrong, but I report what is. Russia's Ruble is worth only 1 penny and (speculation) is believed to continue falling. This is why China only accepts Russian payments in Yuan. Which of course makes the Chinese currency more valuable and puts more downward pressure on the Ruble.
You can talk down the Russian's and their currency all you want to Ken, but worldwide media tells of US currency problems..

You talk about the Ukraine war like the Russian's are loosing but world media tells another story, stop insulting the intelligences of people with your propaganda bro..
wave
The media you have been watching is absolutely full of lies. I strongly suggest chekckng some other media. Currently Russia is losing pretty badly. Exacly how ocer a quarter million dead Russian soldiers on day 50o something of what was advertised as a 3 day special military operation and a near total collapse of the Russian ecoonomy doesn't show you something is wrong escapes me.
The air defense of Moscow is so strong that every single day drones launched from Ukraine are arriving and exploding in Moscow. If Russia was winning those drones would have never gone a single mile into Russian airspace. Instead they travel without interference for hundreds of miles. Other cities also have explosions and huge fires Russia insisted are being caused by careless smokers. LoL
Russia doesn't work their central bank like the US Ken, they have raised bank interest rates to 12% and it does looks pretty bad on the surface...
But Russia works it between their Exports, Imports and the production of its people, we have to remember that Russia is sanctioned to the hilt and has 60 billion frozen in the western system..

Any idea where the Russia funds are frozen Ken ? maybe in the Swift payment system..
See my other post where the Russian economist speaks about the Russian Ruble and the increasing desperation of Russia's Central Bank.

BTW, except for the discounted oil & gas sales to China and India, Russia has no cash producing exports anymore and the only factory production of it's people is items they expend in Ukraine for no return of profit. A true downward economic spiral.

I will freeze this post now so you can go to the other post and show us the areas the Russian economist has wrong about Russia's grim fate to come.
professor
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ken_20

ken_20

Shenandoah Valley, Virginia, USA

Reasonable looking guy. A little nerdy and good with tools . Fond of buying old broken things and fixing them for resale or use. Everything from microwaves and farm tractors to AK type rifles. Sometimes controversial and well known to many. Not scare [read more]