https://www.ft.com/content/52e2cfc3-1157...9544c99803

Guess the war in Ukraine is starting to take a toll on the Russian economy.

Who would’ve known?

Not the juggernaut economy Todor described. Truly Shocking!

Paywall

(08-17-2023 10:53 AM)BartlettTigerFan Wrote:  Paywall

The bottom line is that the cost of Putin’s inept military is starting to crater the value of their money.

I even read where they have cleared out prisons in Russia converting them to soldiers.

So do the prison guards go with them to keep them in check?

(08-17-2023 10:52 AM)BlueDragon Wrote:  https://www.ft.com/content/52e2cfc3-1157...9544c99803

Guess the war in Ukraine is starting to take a toll on the Russian economy.

Who would’ve known?

Not the juggernaut economy Todor described. Truly Shocking!

No way. We've been assured here that things are booming in Russia and the West's financial sanctions have has only adversely affected the west. Weird how fake propaganda runs into trouble when the real world intrudes, Try and spend your rubles to buy dollars and you'll find the ruble is now worth about a penny.

Can you tell me for 100% certain that Financial Times isn't fake propaganda?

I trust no news outlets anymore, period.

(08-17-2023 11:08 AM)BartlettTigerFan Wrote:  Can you tell me for 100% certain that Financial Times isn't fake propaganda?

I trust no news outlets anymore, period.

No, but I saw it in several other outlets including the Independent for what it’s worth.

(08-17-2023 11:13 AM)BlueDragon Wrote:  

(08-17-2023 11:08 AM)BartlettTigerFan Wrote:  Can you tell me for 100% certain that Financial Times isn't fake propaganda?

I trust no news outlets anymore, period.

No, but I saw it in several other outlets including the Independent for what it’s worth.

ABC, CNN, NBC, MSNBC, CBS, etc, etc ALL say the exact same thing each and every day, typically verbatim.

Not trying to be difficult but we no longer have real news in this country.

Considering the value of the US dollar has declined during the past two years due to inflation. The Russian Ruble was equal to .015 US Dollar in 2018 and today it is worth .011.
Verdict: Fake News. Or better yet: Propaganda.
These things are pretty easy to verify.
Ruble vs. US Dollar

(08-17-2023 11:45 AM)Eagleaidaholic Wrote:  Considering the value of the US dollar has declined during the past two years due to inflation. The Russian Ruble was equal to .015 US Dollar in 2018 and today it is worth .011.
Verdict: Fake News. Or better yet: Propaganda.
These things are pretty easy to verify.
Ruble vs. US Dollar

To be fair, that is a 30% drop in value. That is pretty substantial.

(08-17-2023 11:08 AM)BartlettTigerFan Wrote:  Can you tell me for 100% certain that Financial Times isn't fake propaganda?

I trust no news outlets anymore, period.

Financial news is kinda hard to fake. You can always go to your brokerage account and look it up. The price is what the price is.

(08-17-2023 11:56 AM)mlb Wrote:  

(08-17-2023 11:45 AM)Eagleaidaholic Wrote:  Considering the value of the US dollar has declined during the past two years due to inflation. The Russian Ruble was equal to .015 US Dollar in 2018 and today it is worth .011.
Verdict: Fake News. Or better yet: Propaganda.
These things are pretty easy to verify.
Ruble vs. US Dollar

To be fair, that is a 30% drop in value. That is pretty substantial.

As the price of Oil goes up, so does the value of the Ruble. Russia loves Joe Biden.

Dropping as expected. Also doesn't mean Russia's economy will totally collapse.