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Democracy’s Fiery Ordeal: The War in Ukraine 🇺🇦


Tiberius
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Why the ruble recovered
The main reason for the ruble's recovery is soaring commodity prices. After Russia invaded Ukraine on February 24, already high oil and natural gas prices rose even further.

 

"Commodity prices are currently sky-high, and even though there is a drop in the volume of Russian exports due to embargoes and sanctioning, the increase in commodity prices more than compensates for these drops," Tatiana Orlova, lead emerging markets economist at Oxford Economics, told CBS MoneyWatch recently.

 

Russia is pulling in nearly $20 billion a month from energy exports. Since the end of March, many foreign buyers have complied with a demand to pay for energy in rubles, pushing up the currency's value. 

 

https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-2022/#:~:text=The main reason for the,gas prices rose even further.

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5 minutes ago, Tiberius said:

Cheering fascism? 

 

Yup 

Pointing out that the “crippling” sanctions aren’t having the desired effect. Otherwise why would Boris Johnson be advising Europe to prepare for a long war? Why is the ruble doing so well against the dollar? By your way of thinking the leadership of Joe Biden and reporting bravery of CNN should have ended this by now. Carry on with the cheerleading and you should probably tell Boris Johnson to shut the hell up and stop propping up facism. 

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8 minutes ago, JDHillFan said:

Pointing out that the “crippling” sanctions aren’t having the desired effect. Otherwise why would Boris Johnson be advising Europe to prepare for a long war? Why is the ruble doing so well against the dollar? By your way of thinking the leadership of Joe Biden and reporting bravery of CNN should have ended this by now. Carry on with the cheerleading and you should probably tell Boris Johnson to shut the hell up and stop propping up facism. 

Putin's invasion is a failure. Is everything going perfect in the international effort to hurt Putin? Not exactly. No reason to cheer fascism you loser 

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7 minutes ago, ALF said:

Why the ruble recovered
The main reason for the ruble's recovery is soaring commodity prices. After Russia invaded Ukraine on February 24, already high oil and natural gas prices rose even further.

 

"Commodity prices are currently sky-high, and even though there is a drop in the volume of Russian exports due to embargoes and sanctioning, the increase in commodity prices more than compensates for these drops," Tatiana Orlova, lead emerging markets economist at Oxford Economics, told CBS MoneyWatch recently.

 

Russia is pulling in nearly $20 billion a month from energy exports. Since the end of March, many foreign buyers have complied with a demand to pay for energy in rubles, pushing up the currency's value. 

 

https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-2022/#:~:text=The main reason for the,gas prices rose even further.

That's a lot of it.  Another big part of it is they've been preparing to exist outside of the dollar based reserve currency and trade settlement system for several years.  And so has China.  That system is what provides the US special privileges not available to other nations.  As both countries have aspirations for bigger roles on the world stage they know the path to this goal requires the establishment of a new reserve/trade settlement system and the destruction and elimination of the current system of advantages afforded the Americans.  This, the financial war, is what its all about.  Not some conquest of territory.  Control the value of money, control everything!   While I think Ukraine is clearly a US proxy military confrontation against Russia I also conclude the ongoing financial battle here is a proxy war of Russia fronting for China against the US.        

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2 minutes ago, Tiberius said:

Putin's invasion is a failure. Is everything going perfect in the international effort to hurt Putin? Not exactly. No reason to cheer fascism you loser 

Gosh, that stings! 

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14 hours ago, Tenhigh said:

Imagine we got invaded by China, and sleepy Joe, AOC and Pelosi said we should accept our new communist overlords.  Wouldn't you want them banned?


It’s terrible that this trade off is at least worth considering 

1 hour ago, ALF said:

Why the ruble recovered
The main reason for the ruble's recovery is soaring commodity prices. After Russia invaded Ukraine on February 24, already high oil and natural gas prices rose even further.

 

"Commodity prices are currently sky-high, and even though there is a drop in the volume of Russian exports due to embargoes and sanctioning, the increase in commodity prices more than compensates for these drops," Tatiana Orlova, lead emerging markets economist at Oxford Economics, told CBS MoneyWatch recently.

 

Russia is pulling in nearly $20 billion a month from energy exports. Since the end of March, many foreign buyers have complied with a demand to pay for energy in rubles, pushing up the currency's value. 

 

https://www.cbsnews.com/news/russia-ukraine-ruble-currency-russian-economy-2022/#:~:text=The main reason for the,gas prices rose even further.


shocking… apparently if you don’t consider the earth getting a degree warmer over the next 2000 years an existential crisis you can make some serious money off off overinflated hydrocarbon commodities.  

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5 minutes ago, Over 29 years of fanhood said:

Just happy talk…. He’s old friends with communist China… 

Oh, you saying this to deflect away from Trump and Putin's obvious ties? 

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57 minutes ago, Tiberius said:

Oh, you saying this to deflect away from Trump and Putin's obvious ties? 

 

When's Trump's hotel getting built in Moscow?

 

Actually, Putin should build one for the Dems, for all they did for him the past 5-1/2 years...

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