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Russia in panic as US sanctions trigger ruble collapse (www.dw.com)

submitted 4 weeks ago by [email protected] to c/economy

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[–] horse_battery_staple 25 points 4 weeks ago (1 children)

Until the oligarchs bleed more money than blood, it doesn't matter how far the Russian economy falls. Even with them losing so much ground in Syria, Putin is going to push forward with the war and Cheeto Mussolini is happy to be bribed a few million to stop US aid and pressure Nato to help draw the new Ukrainian borders.

Fucking ridiculous world we live in.

[–] [email protected] 12 points 4 weeks ago (1 children)

It more about who's blood and money is leaking out. They are fine with loss as long as it's you common peasants.

[–] horse_battery_staple 9 points 4 weeks ago (1 children)

That's exactly the point of my statement. It's only down 10% against the Euro. Most the oligarchs have their money in private funds in the Seychelles, Switzerland, Panama. Check out the Panama Papers for a good idea of how little the Russian oligarchs care about the Ruble.

[–] [email protected] -1 points 4 weeks ago (1 children)

Lol you miss the subtle but pointed message I am surgically grafting upon your original body of work.

[–] horse_battery_staple 3 points 4 weeks ago (1 children)

I get it. But I also know these are very public forums.

[–] [email protected] -2 points 4 weeks ago

Oh no, if only I was living in free America.