The Russian Economy



Dean Arnold: The Russian economy is doing BETTER than when the sanctions started if the health of the ruble is the measure. Currency charts are the opposite—high is bad, low is good.


Timothy Farrell:  IMHO The ruble market is a flawed measure because the ruble market is artificially restricted.

Dean W. Arnold: You're saying that means it's stronger than the chart shows?

Timothy Farrell: I am only saying it may not be a reliable measure.

Dean W. Arnold: By artificially restricted, do you mean sanctions? If so, it would only be stronger without them.


Timothy Farrell:  The sanctions have distorted the flow of Russian goods and services to certain large markets. The goods for rubles distorts the ruble market. The Russian economy is undergoing a structural shift as it explores new markets for it raw materials and finished goods.

Dean W. Arnold: I mean, maybe. I'm not an economist. But common sense says they lost one market and found another and are doing better now. Not sure why "distortion" and "structural shift" makes it any different.

Archpriest Symeon Elias:
Record wheat harvest predicted and
Greek tankers are not blocked from hauling Russian Oil.
26 major European gas companies have opened accounts in Russia's central bank to pay for gas in Rubles.
Their inflation rate might actually be lower than the US since the inflation rate numbers in the US are a fantasy and haven’t reflected actual inflation since Jimmy Carter was presidents.
Every sanction has hurt the west worse than Russia.
Russia is self sufficient in energy and commodities and will import consumer goods from China.
India has made three massive oil purchases since the war began and the just arranged for India to pay in Rupees. Prior to this is was paying in U.S. Petro-Dollars, now Russia and India have arranged a direct Ruble to Rupee exchange.
New gas and oil pipelines are soon to open to China.
When the Europeans energy contract expire soon Russia will not renew.


Paul Riedel: Archpriest Symeon Elias thankyou for that insight.

Archpriest Symeon Elias:  You are welcome.

+++

David Crockett
On a trading volume of what? Nobody wants it. Not even the Russians. Artificially propped up by their central bank. It has no REAL value. https://youtube.com/watch?v=-MnznV2k2mA&feature=share

Jason Kirkeby:  I wanted to buy some Rubles during the dip. The Federal Reserve criminals wouldn't allow it.



Dean W. Arnold:David Crockett Good video,  (video omitted) especially the volume of trading part. The manipulations stuff, interest rates, etc, I mean, it's a vicious currency war so that is what will happen. Of course, Russia was forbidden from trading with most of its partners, so, yes, the volume will plummet. Nevertheless, due to relatiions with major countries like India, China, Turkey, Iran, etc—with a population far exceeding the West—they have landed on their feet. Also, demanding rubles for gas was clever. And regardless of what currency they receive, they have the actual commodity. So they are going no doubt to get money for it, as those 20 European corporations agreeing to the ruble swap have shown.


Dean W. Arnold: Jason Kirkeby I also wanted to buy some rubles. But I tried five years ago and already knew it was impossible.

Jackie Graves: Dean W. Arnold, I've been reading about the demise of the Petro Dollar since before Y2K. This is just hurrying things along. The US$ is going to be toast soon.

Archpriest Symeon Elias: Let us not forget that the U.S. Dollar is constantly manipulated and has been supported i.e. manipulated by NEGATIVE interest rates by the Fed and the EU central banks for more than a decade. Russia's central bank has done no such thing and Putin has tied the Ruble to commodities.

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