Russian Rouble falls to new low under sanctions threat

[Cry Havoc]

Russian rouble falls to new low on sanctions threat

The Russian rouble fell to a record low against the dollar as investors fear further sanctions against the nation.

The rouble fell to 37.03 per dollar on Friday, its worst valuation since the currency was restructured in 1998.

More: http://www.bbc.com/news/business-28986360

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Spurstalk armchair economists proclaiming Russia's invincibility

Russia is independent and will be fine economically

Putin is playing chess and everyone else is playing checkers

Sanctions will do nothing to affect Russia's economy

[Cry Havoc]

Well, maybe the sanctions should be lifted off of Russia.

Look who started it. Putin's just playing poker the right way instead of folding.

I disagree.

The new Russia isn't the same as the old CCCP.

They supply the EU with something like 1/3rd of their oil and gas. The EU needs to watch out over this, especially since no hard evidence is presented.

wake up. US vs USSR was going to happen years ago if not for a phone call John F Kennedy made to Krushev

you are really underestimating human stupidity. Let me guess, you thought TEPCO was doing a good job in Fukushima and the radiation is nothing more than eating a banana?

you seriously think Russia is not taking these aggressions as war cries????? Russia means business beleive that

the US had better back off if they know what's good for them..their military these days consists of women, gays, and overgrown manchildren and will get absolutely REKT going up against superior Russian ground forces. Soviet deep battle doctrine is going to rip our expensive fancy crap to shreds. The time may be right for the National Socialist government in exile to cut a deal with Russia to eliminate this common enemy.

Poland asks US to buy apples banned by Russia
http://rt.com/business/179332-poland-us-import-apples/


Poland has asked the US to purchase the country's apples after Moscow banned all food imports from the EU, the US, and other countries who imposed sanctions on Russia over the Ukraine crisis.

Prior to the full embargo on food exports from the West, Russia’s agricultural watchdog Rosselkhoznadzor banned the import of practically all fruits and vegetables from Poland, citing a breach of food safety standards.


prepare for incoming bouts of diahrrea America

LOL @ Europe hurting itself and pissing off it's neighbors to appease the Americans

Like I pointed out elsewhere, These sanctions will not hurt Russia. If anyone bothered to check, Russia is pretty self sufficient, and buys imported items that are more of a luxury than necessity.

"Wish we had a President who was as pro America as Putin is pro Russia. Wish we had a President who was a man instead of a man-child..." - Vin Diesel

I agree.

[pgardn]

All of the people quoted above should be asked one simple question:

How safe would your money be in Russia?

They don't get it. Just ask any member of this board where do they keep their money? Ask any human on earth who has some cash and understands safe investing where would you like your money to be?

Im sure WC is heavily invested in the ruble.
Boots, where is your money? Anything tied to big oil and big Pharma?
I bet so.

[velik_m]

USA and EU are under pressure to end this before the winter, if winter comes and Ukraine is still largely unstable, the goverment will collapse. That's why Putin is just looking to stall and Ukraine is pushing to end the rebellion as soon as possible and consolidate as much power as it can.

[Wild Cobra]

Wow...

Russian goods are now cheaper for the rest of the world to buy.

I wish the dollar would drop compared to other would currencies. As imports become more expensive, we might put more people to work!

[pgardn]

Wow...

Russian goods are now cheaper for the rest of the world to buy.

I wish the dollar would drop compared to other would currencies. As imports become more expensive, we might put more people to work!

Oh yes. Give us a rundown of their wide array of export products other than hydrocarbons and weapons?

, Poland won't get their apples because they are anti Russia...
Oh God, their Oligarchs may not rent or buy high end stuff in London.
What a joke...

WC. Since their economy is looking up, what does your investment portfolio look like in Russia? Since they have such cheap goods what are you investing in, Vodka, borscht? They gonna move a bunch of this and make you rich?

[TDMVPDPOY]

lol the russians who loss it all in cyprus

lol those russians if they had any left in russia is now worth jack

[velik_m]

Wow...

Russian goods are now cheaper for the rest of the world to buy.

I wish the dollar would drop compared to other would currencies. As imports become more expensive, we might put more people to work!

Lower value of your currency means that you have to pay more for stuff - so having more money doesn't really help you.

[Infinite_limit]

Oh look, America causing another Economic crash

[Wild Cobra]

Oh yes. Give us a rundown of their wide array of export products other than hydrocarbons and weapons?

I don't know. I was thinking in more broad terms of supply and demand of jobs. There is far more at stake when the value of currency changes. Is that the limit of your knowledge?

They are doing better than us, and should change the supply and demand of workers, raising wages.

, Poland won't get their apples because they are anti Russia...
Oh God, their Oligarchs may not rent or buy high end stuff in London.
What a joke...

wow.

You're all ogver the place. Do you have any coherent thoughts?

WC. Since their economy is looking up, what does your investment portfolio look like in Russia? Since they have such cheap goods what are you investing in, Vodka, borscht? They gonna move a bunch of this and make you rich?

You sure ASSume alot. I pity you.

[Wild Cobra]

Lower value of your currency means that you have to pay more for stuff - so having more money doesn't really help you.

It doesn't raise the items made within a nation like it does imports. Because of that, it helps local economies that compete with imports.

[m>s]

obama just destroying the world economy like he's supposed to do, no surprises here

[velik_m]

It doesn't raise the items made within a nation like it does imports. Because of that, it helps local economies that compete with imports.

Only if those items are made without foreign materials, tools or parts and without using foreign source of energy. The odds of that in todays global economy is zero.

[Heath Ledger]

Does this mean I can finally afford to buy Caviar?

[FuzzyLumpkins]

USA and EU are under pressure to end this before the winter, if winter comes and Ukraine is still largely unstable, the goverment will collapse. That's why Putin is just looking to stall and Ukraine is pushing to end the rebellion as soon as possible and consolidate as much power as it can.

Why would the government collapse?

[m>s]

Why would the government collapse?

Because they're bankrupt and people will differ and freeze to death? Politics aren't your strong suit.

[FuzzyLumpkins]

Because they're bankrupt and people will differ and freeze to death? Politics aren't your strong suit.

And those are unassailable issues? Critical thinking is not your strong suit.

You should continue making an online spectacle of yourself for the NSA.

[m>s]

Yes they are unassailable issues, there ain't no ing charity for countries who can't pay their back. Do you even understand politics and finance? They got all their natural gas from Russia, now they're all going to freeze to death.

If I were worried about the NSA, then I wouldn't have started speaking out years ago. Once we reach the point where they can actually arrest me for having opinions then it was all over for us anyway.

[Wild Cobra]

Only if those items are made without foreign materials, tools or parts and without using foreign source of energy. The odds of that in todays global economy is zero.

I'll bet Russia is far more self sufficient in the areas that matter than we are.

[m>s]

I'll bet Russia is far more self sufficient in the areas that matter than we are.

Russia is completely self sufficient if they want to be, that's why the sanctions haven't really worked. They've got oil, gas, and industry. And they can get anything else through trade with china or the brics. China will do this because if Russia falls, they are next.

[Wild Cobra]

Russia is completely self sufficient if they want to be, that's why the sanctions haven't really worked. They've got oil, gas, and industry. And they can get anything else through trade with china or the brics. China will do this because if Russia falls, they are next.

Yep.

Like apples really matter.

[xeromass]

Government is "collapsing" anyway, parliament has been disbanded a week ago, they're having general elections on 26 October.

Another unconnected nugget - on 1 October Russian military has a change of conscripts. So they have a month to end this mess or their force will be severely weakened.

[CosmicCowboy]

Russia self sufficient? LMAO

Russia is an oil company with an army and nukes.

Putin has ridden the popular wave of nationalism from the population remembering "how it was" when they were a world power but that only goes so far. Sanctions are gonna hurt eventually.

[Wild Cobra]

Russia self sufficient? LMAO

Russia is an oil company with an army and nukes.

Putin has ridden the popular wave of nationalism from the population remembering "how it was" when they were a world power but that only goes so far. Sanctions are gonna hurt eventually.

Yes, but who will it hurt the most, and soonest?

I don't think sanctions are the way to go.

[pgardn]

Yes, but who will it hurt the most, and soonest?

I don't think sanctions are the way to go.

You got this nutty idea that the Russian masses live better than EU counties because the EU will give you the low down. They publicize financials.

Putin in is weighing how bad they will be hurt. He could have already taken anything he wanted in Ukraine when he had 40,000 troops, he pulls the out, he brings some back, he waits. Putin is clearly vacillating. He has the oligarchs in one ear, and pride/nationalism in the other.

This is economically stupid for everyone.

So what is the way to go Mr. President?