In Russia we really like 50 Cent.
Or, as we like to call him, 2.5 Million Rubles.
Why do people think Russians care about the exchange rate with western currencies when Russia doesn’t actually do any trade using them, and people don’t hold them domestically?
Also, anybody with even a minimal clue regarding how economics works would understand that a weak currency is good for a commodity exporter since it converts to higher revenue in domestic currency.
Exchange rates don’t mean much, if they did, the UK economy wouldn’t be in the shitter and China’s wouldn’t be the big bad monster it’s become in US media recently.
GDP adjusted for Purchasing Power Parity is what matters, and Russia is the 4th economy in the world under those metrics. It overtook Japan some months ago.
Maybe analyse why your corporate media wants you to simultaneously believe Russia has spent three years on the verge of collapse yet you need to send another hundred billion in weapons and fire them all right fucking now, Armageddon be damned.
The exchange rates matter for the specific case of global trade. If a country is primarily an importer then they want their currency to be strong, and if it’s an exporter than having a weaker currency is better. PPP applies more in terms of the internal economy of the country.
If a country is largely self sufficient then its internal economy isn’t going to be affected much by the value of the currency on the global market. This is precisely why Russian internal economy isn’t severely affected by the value of the currency on the markets.
I agree, I was trying to add to your point. The “you” in my comment is addressed to Westerners who seem to uncritically internalize whatever their reddit feeds tell them.
Bruuhh thats hungarian forint and at this point we are also using monopoly money like the russians…
I think those are Hungarian banknotes.
I would be pretty Hungary too if all that money doesn’t even buy a loaf of bread.
Looks like around 130000 HUF to me, so around 320 EUR and falling steadily.
Somehow I feel this meme wasn’t supposed to be literal
Monopoly money.
It’s been this bad before? That’s funny too.
It’s been worse before, but news of its impending demise was greatly exaggerated: Biden turned the ruble into rubble. Then it quickly came back. If anything’s been funny, it’s been the US’s/NATO’s overconfidence.
What about the US/NATO response do you find so amusing?
I didn’t say amusing, I said funny, as in weird. And the answer is their hubris.
What hubris? They did what they needed to in supporting Ukraine and it’s been incredibly successful, given popular sentiment was Ukraine would fall within days of the invasion. Are you just going to ignore Russian hubris here, invading a giant sovereign nation and exposing the weaknesses in your military along the way? Lmao
Ah yes, such incredible success on display here lmfao https://www.bbc.com/news/articles/cn0dpdx420lo
Maybe making progress during year three of your three day special military operation isn’t really something to celebrate.
Given that Russia could always go scorched earth on Ukraine with heavy bombing campaigns like NATO countries do on their targets, they could have made Ukraine “fall” within days if destruction was their aim. We should all be thankful that their approach has been less brutal and barbaric than those of the EU, UK, and US.
We are now seeing small-scale examples of what was always on the table re: the Ukrainian power grid. It could have been gone literally overnight at any point in the last 2+ years.
It has been clear for some time that the RF is resigned to a slow meat grinder for Ukrainian troops, as any real negotiations were taken off the table by Ukraine’s real masters in the US and Europe.
Hungarians*
"Russians be like
1 Hungarians"?
