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Mocked as ‘Rubble’ by Biden, Russia’s Ruble Comes Roaring Back

By HatetheSwamp
April 7, 2022 4:54 am
Category: Military
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The ruble has surged all the way back to where it was before Putin invaded Ukraine, extending its recent rally to trade as strong as 74.2625 per dollar in early Moscow trade on Thursday.

What’s become clear is that despite an incredibly wide-ranging package of sanctions on the Russian government and its oligarchs, and an exodus of foreign businesses, the actions are largely toothless if foreigners keep guzzling Russian oil and natural gas -- supporting the ruble by stocking Putin’s coffers.


Joe Biden is a flatulent, impotent doddering old fool. He's weak and inept. His, um, leadership has been a historic disaster. It's been reactionary and defensive and tepid.

It's time that "that feckless dementia-ridden piece of crap" does everything he can to incentivize our production of fossil fuels to assist nations whose people who have a heart for the suffering of the innocent in Ukraine so that they can't end reliance on Russian energy.

LET'S GO BRANDON!


Cited and related links:

  1. finance.yahoo.com


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Comments:

  1. by Curt_Anderson on April 7, 2022 10:10 am
    HtS,
    You should rush down to your bank and buy rubles!

    Reportedly Russia has propped up the value of the ruble with articificial and heavy-handed means but economists say it's not sustainable.


  2. by Donna on April 7, 2022 12:52 pm
    I read an interesting piece by Paul Krugman entitled "The Curious Case of the recovered Ruble" (link below) where he explains how they were able to stabilize the ruble.

    Reader Supported News (rsn) republishes articles from sources that have a paywall and relies on contributions from its readers. I've posted links to quite a few republished rsn articles here that you can all read for free. They're always begging for money, so if you'd like to subscribe to rsn (I think it's free) or drop some money in the kitty, I'm sure that they'd appreciate it.
    rsn.org


  3. by islander on April 8, 2022 1:37 pm

    Thanks for the link, Donna. I just quickly checked it out and it looks extremely interesting. I'll be getting into it a little more this evening!


  4. by HatetheSwamp on April 9, 2022 7:26 am

    Good article.

    I will say that Putin is wily and, as someone has said, "a genius," especially compared to the Doddering Old Fart in the White House. Bahahahahahahahahahaha.

    Who called Putin a genius? Anyone know?




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