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Politics : Formerly About Advanced Micro Devices

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Brumar89
Doren
pocotrader
Wharf Rat
To: Broken_Clock who wrote (1414018)8/14/2023 1:41:29 PM
From: Tenchusatsu4 Recommendations  Read Replies (1) of 1572055
 
Darn the bad news, cucks!

Russian ruble plunges past 100 against dollar for first time since March 2022 (yahoo.com)

The RuZZian ruble continues to fall in value. It hit a key milestone when the exchange rate reached 100 rubles to 1 USD, before dipping back below that threshold in today's trading.

No need to pretend that the USD to Ruble exchange rate doesn't matter as long as RuZZia is now trading more with India and China. This is because the value of the ruble is ALSO falling relative to that of the Chinese yuan and the Indian rupee.

In other words, all those Chinese (and to a lesser extent Indian) imports will be rising in price, including high-tech off-the-shelf components needed to continue building drones, equip RuZZian aviation with Garmin GPS, and selling smartphones and PCs to the RuZZian population.

This time, however, the RuZZian central bank doesn't have the tools anymore to artificially prop up the ruble's value like it did last year.

This time, there is no spinning the news. Even PooTin has to feign sympathy over the hardships that RuZZian citizens have to endure as a result of his war of choice.

Tenchusatsu
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