Ruble - Worthless

Discussion in 'Currencies' started by Golden ChipMunk, Mar 1, 2022.

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  1. leo25

    leo25 Well-Known Member Silver Stacker

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    I would say as long as other countries can artificially support their currencies.
     
    Last edited: May 2, 2022
  2. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    For a while is an understatemet. The second largest purchaser of Russian Gas/Oil is Netherland the biggest EU producer of GAS and OIL.

    Why is Netherland buying so much... To sell to other EU countries.

    Who is actually selling Gas and Oil to Poland and Bulgaria with immediated delivery dates, Netherland.


    Every oil and gas exporting country was pumping oil and gas at 94% of the total before the invasion and Russia was 17%. To do simple math where is the missing 11% coming from if not Russia.

    Does Poland and Bulgaria no longer buying from Russia makes any difference if they are buying Russian Gas and Oil from Netherland?

    The 2nd largest buyer of Russian oil and gas is out of the blue Netherland, coincidence?

    If we read UN updates, UN is asking for $1 trillion building fund for Ukraine after the war. How much of our Tax dollars are we willing send $1, 2, 5, 10 or more Billions as our share?

    Before we answer that, which two European countries was considered the most corrupt in Europe, yes Russian and Ukraine was heads and shoulders above the number three Belarous.
     
    Last edited: May 2, 2022
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  3. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    As some of you might have read in the past I served in the millartary and served in two real war in the same country

    Russian are now adopting our game plan.

    Civilians are given the chance to flee, and anyone left is an enemy combatant.

    We only bothered with precison boming for TV, after that it was carpet bombing.

    If you are in the city, you are no longer civilian as all civilian have fled. If you are found on block by block search than you are enemy combantant or saboteur.

    Fear the day Ukraine looks like winning this war as that is the day strategic nukes come in to play.
     
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  4. jultorsk

    jultorsk Well-Known Member Silver Stacker

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    Screen Shot 2022-05-04 at 12.03.52 pm.png
     
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  5. leo25

    leo25 Well-Known Member Silver Stacker

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    ^ How good are Ruble's. This has got to be one of the biggest FUD events ever.
     
  6. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    Russia's wheat/potash/fertiliser shipments in April are on track to triple on the year and are well above the previous five-year average, according to line-up data and global trade data.
     
  7. TreasureHunter

    TreasureHunter Well-Known Member

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    Star collecting rubbles, pebbles, seashells, rocks... they have intrinsic value!
     
  8. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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  9. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    USD hasn't done too badly this year either against the majors.

    Screen Shot 2022-06-22 at 11.33.41 pm.png

    Now I should probably mention something about bongs, lapping, alternative media dog vomit and lies but I couldn't be bothered. ;)
     
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  10. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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  11. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Russia and the rouble appear to be doing fine but that's in many ways only an appearance. The sanctions are hurting the country very badly in non-obvious ways. An example: Putin changed the aviation laws and regulations at the beginning of this conflict to firstly allow Russian airlines to default on their lease obligations and to therefore take possession of Airbus and Boeing aircraft that are effectively stolen property. He also allowed the aircraft to have their airworthiness certificates re-issued by Russia, effectively making them Russian owned and certified.

    The problem with that is that it means that those aircraft can henceforth only be flown domestically within Russian airspace. Boeing and Airbus have cut off support for these aircraft in terms of supplying parts and maintenance. Every part in an Airbus passenger jet is serialised and has a service life. If Airbus supplied and logged parts are not installed at the correct maintenance intervals then the aircraft is then deemed by the manufacturer as not airworthy and that the chain of inspection and maintenance is broken. The manufacturer knows that the aircraft is being flown without correct maintenance and parts and has no idea what parts are now a part of that aircraft or where they were scavenged from and as a result the value of that aircraft falls to its scrap value. It's effectively a write-off as its maintenance and safety confidence chain is broken. If it is flown out of Russia and landed anywhere else in the world it will immediately be grounded, classified as not safe and not airworthy and not allowed to be flown.

    There are endless industrial components that Russia cannot make domestically for their foreign sourced industrial equipment. Gas turbine parts, power station components, chemical compounds, sensors, coatings, and on and on. They can get some of them from China via the black market but nothing like what they need to keep their industry running.

    It works both ways to some degree, other countries are dependant on some Russian manufactured aerospace and industrial components too but Russia is in a bad place here.
     
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  12. lucky luke

    lucky luke Well-Known Member Silver Stacker

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    you think so? I'd stack a few Rubles along side my small stack of US$ no problems. Gold, Silver and pebbles (gems) for good measure as insurance for whatever rocky times might be ahead for us all collectively. Perhaps a small grainery of wheat wouldn't go astray so long as their is no "sanction" on keeping your own wheat along with water and home produce. :) https://www.rt.com/business/557627-brics-developing-global-reserve-currency/
     
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  13. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    If the Millartary complex can drive US economy during down times,

    Overblown, Iran had Boeing and Airbus planes running for a decade after being cut off. The number of extra planes Russia have seized cant see any issue with spare parts for two decade.
     
  14. Shaddam IV

    Shaddam IV Well-Known Member Silver Stacker

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    Until they land one in any country outside Russia....
     
  15. Ipv6Ready

    Ipv6Ready Well-Known Member Silver Stacker

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    They already had one or two confisicated, so surely Russian airlines operaters will learn.
     
  16. hardyakkagold

    hardyakkagold Well-Known Member Silver Stacker

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    Speaking of worthless currencies and currency collapse, I have just learned an interesting fact about Japanese money while listening to the latest
    Martin Armstrong video.

    If you have ever wondered why there is no official Japanese coinage from the 12th to the 17th centuries it is because there was none!

    The Japanese people got so pissed off at their early emperors for debasing the value of money and making old coins worth only 10% of new
    coin issuance, that they said fuck you and refused to use any official issued money for the next 600 years!

    So they went to using privately issued coins/tokens and Chinese and Vietnamese currency and even bags of rice as money and mediums of exchange.

    I have a newfound respect for the ancestors of the people from the Land Of The Rising Sun.
     
  17. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    They would've jumped into BTC if it had been invented then. ;)
     
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  18. TreasureHunter

    TreasureHunter Well-Known Member

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    I bet Airbus and Boeing purposely make aircraft parts expire after a time period (just like HP does with printer parts).
    I think they will proceed to "cannibalize" some aircraft for parts, but I bet most of these planes can fly for 10+ years without any major issues. The Russians aren't as low tech as the Iranians, so they can better reverse-engineer or combine parts made by their own manufacturers (Sukhoi produces a number of modern passenger jets, so I think they can do at least part of the maintenance for Airbus and Boeing). Besides, this will help their internal jet industry. Especially if they start selling planes to China, Iran and other "axis of evil" countries.

    They have huge distances within their country, plenty of pilots and now with the stronger rouble they can finance their domestic airlines by buying CHEAPER internally produced fuel. But they can't fly to the west. Also due to Europe becoming a "no fly zone" for Russian airlines and air traffic overall.

    What's bad is that now European planes have to fly to Asia via the already agglomerated flight paths in the south/Middle East (Turkey, Iran, the Arab countries) and that's yet another "hot zone" where conflicts can erupt at any times (just a few years ago I was flying in the area, when airplanes started avoiding Iran and Iraq. Now with the Saudi and Caucasian conflicts and, Turkey also "heating up" with Syria, there will be no other option to operate to Asia. Besides flying via African countries.

    I think Russia will simply team up with China an produce their own jets. This is an opportunity to them. Also fighter jets. Both countries will see this as a necessity now that the west is trying to isolate them both. Iran, North Korea or Cuba can be isolated from external technology, but attempting to do this with China and Russia? Oh, come on! They will team up.

    China can simply supply Russia with all that they need in terms of technology (chips... not poker chips and not potato chips :D microelectronics etc.). And there must be millions of Chinese students, specialists with foreign experience/studies made in the west (EU, USA, Canada) who "stole" technology and know how. For a little gas and political support from Russia, they will hand these over to them.

    China reverse-engineered a bunch of helicopters and jets, some of the technology was STOLEN from US factories.
     
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  19. TreasureHunter

    TreasureHunter Well-Known Member

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    I've read somewhere that besides gold, Russia just started (allegedly officially) stacking rare pearls, gemstones... for "crisis times".

    Does anyone know more about this?

    It sounds like they are prepping for something really really bad, if they went so far beyond (and below) gold and silver (out of which they have a lot).
     
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  20. betterinvestmentthanshare

    betterinvestmentthanshare Active Member

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    China uses GE in Malaysia to repair their aircraft engines
    Who owns GE
    Connect the dots
     

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