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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?


To: Wharf Rat who wrote (1414610)8/15/2023 5:11:18 PM
From: Tenchusatsu1 Recommendation

Recommended By
pocotrader

  Read Replies (1) | Respond to of 1576997
 
Darn the bad news, cucks!

Russia's central bank makes huge interest rate hike to try to prop up falling ruble - ABC News (go.com)

This hike was an action taken as a result of an unplanned emergency meeting. September was supposed to be their next scheduled meeting, but with the value of the ruble crashing below that of an American penny, the PPB (PooTin Piggy Bank) had to take action.

The reaction to the falling ruble has been hilarious, to say the least. Z-nationalists are blaming the PPB for "allowing" this to happen, but there really isn't much the PPB can do anymore. Even their interest rate hike to 12% doesn't seem to be having much of a stabilizing effect.

The real reasons should be obvious. RuZZia's exports have fallen significantly, thanks to sanctions and the oil price caps.

Meanwhile, RuZZia's foreign currency reserves are dwindling. No one wants rubles anymore. Even China and India are forcing RuZZia to trade oil in yuan and rupees.

Remember when the PooTin cucks were celebrating the strength of the ruble at this time last year? I don't see them celebrating now.

"wE hAvE lOsT nOtHiNg." - mAsTeR cHeSs pLaYeR

Tenchusatsu