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Russian Finance Ministry: Russia faces economic collapse


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17 minutes ago, Thebowflexbody said:

Yet we'll continue to pump BILLIONS into Ukraine for exactly how long?  Follow the money.  This whole thing ain't right.

Outspending the Soviets worked so why shouldn’t it work again?

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2 hours ago, LiterateStylish said:

...figures seen by Bloomberg...

"The Zarqawi PSYOP program is the most successful information campaign to date." ~ Gen. Mark (Killer) Kimmitt

http://www.bibliotecapleyades.net/archivos_pdf/911_newpearlharbor.pdf

http://www.cooperativeresearch.org/project.jsp?project=911_project

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3 hours ago, JAHall93 said:

This Proxy war is going to end badly for the U.S.

People say this every time and it never comes true.

3 hours ago, JAHall93 said:

ourself on the brink of financial collapse.

No we are not.

3 hours ago, JAHall93 said:

When we have to enter this War on the ground, we will be broke

No we’ll just print more money like always.

3 hours ago, JAHall93 said:

without our highest tech weapons

Uh we haven’t sent our highest tech weapons to Ukraine…

 

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96769446_10102201393347587_5716922665810264064_n.jpg
 

 

 

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3 hours ago, LiterateStylish said:

People say this every time and it never comes true.

No we are not.

No we’ll just print more money like always.

Uh we haven’t sent our highest tech weapons to Ukraine…

 

Appreciate the vote of confidence you have. 
 

I disagree completely & hope to hell I’m wrong.

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7 hours ago, JAHall93 said:

This Proxy war is going to end badly for the U.S.

we are depleting our weapons stock, sending billions to prop up Ukraine , and are ourself on the brink of financial collapse.

When we have to enter this War on the ground, we will be broke, without our highest tech weapons, and will be betrayed by the corrupt Ukrainians- Zelensky is no hero. 
 

all the while China sits back and waits us out.

-plus we are full speed ahead with NWO initiatives.

what this adds up to is a loss of sovereignty and freedom.

and the masses have their blinders on. 
 

call me crazy - I hope I am. 

You're not crazy.

download.jpg

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5 hours ago, LiterateStylish said:

People say this every time and it never comes true.

No we are not.

No we’ll just print more money like always.

Uh we haven’t sent our highest tech weapons to Ukraine…

 

Afghanistan, Iraq, Vietnam, Korea, didn't end bad for us?

Again, talk to 10 different economists, get 11 different answers

And the middle and working class will have even less spending and borrowing power if we do

That comes soon

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11 hours ago, Thebowflexbody said:

Yet we'll continue to pump BILLIONS into Ukraine for exactly how long?  Follow the money.  This whole thing ain't right.

Animated GIF

“There he goes. One of God's own prototypes.

A high-powered mutant of some kind, never even considered for mass production.

Too weird to live, and too rare to die.”

 

Twitter: @HKTheResistance

 

HipKat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. jc856

I’ll just forward them to Bridgett. comssvet11

Seek help. soflabillsfan

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2 hours ago, Thebowflexbody said:

You're not crazy.

Animated GIF

“There he goes. One of God's own prototypes.

A high-powered mutant of some kind, never even considered for mass production.

Too weird to live, and too rare to die.”

 

Twitter: @HKTheResistance

 

HipKat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. jc856

I’ll just forward them to Bridgett. comssvet11

Seek help. soflabillsfan

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10 hours ago, Herodotus said:

Afghanistan, Iraq, Vietnam, Korea, didn't end bad for us?

End badly in what way…?

Soldiers being killed? Unfortunately.

The end of the USA? No.

Major policy change? No.

Great depression? No.

 

10 hours ago, Herodotus said:

Again, talk to 10 different economists, get 11 different answers

Don’t need an economist to know that the worlds largest economy isn’t going to collapse and hasn’t collapsed in nearly a century, even with numerous wars.

96769446_10102201393347587_5716922665810264064_n.jpg
 

 

 

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  • 2 weeks later...

How's that Russian collapse going? I love how the article tries to say it's an artificial bubble that will collapse. What are we going to have nuclear flying space cars next week that don't need any gas or something?

Ruble nears 5-year high as EU buckles in gas row with Vladimir Putin
THE RUSSIAN ruble soared to its highest level in nearly five years against the euro as the EU softened its stance in a row with Vladimir Putin over gas.

Moscow’s currency rose past 64 per dollar on Monday, May 16, briefly jumping to 62.71 to the greenback as it became the world's best-performing currency so far this year. Central bank data revealed Russia's current account surplus has more than tripled from January to April to $95.8 billion, boosted by higher proceeds from imports and a drop in imports.

 

The boost is also due to artificial support from capital controls that Russia imposed to shield its financial sector in late February after it sent tens of thousands of troops into Ukraine.

It comes as the European Commission performed a major U-turn in its row with Russia after it bowed down to Putin's demands with a plan to allow payment for Russian natural gas under the Moscow payment scheme.

The bloc has given EU companies the green light to pay for Russian gas without breaching the bloc's sanctions against Moscow, while also satisfying the Russian President’s demand for payment in rubles.

 

Last month, Putin warned that unless European nations open up ruble accounts in Russian banks, Moscow will terminate its gas contracts in attempt to boost its economy after Western sanctions hit the country hard amid the raging war in Ukraine.

While the bloc initially refused to pay for Russian gas in rubles, the EU Commission has now caved to Putin’s threat, as the fuel-starved continent relies on Moscow for 40 percent of its energy needs.

In updated guidance, shared with EU countries on Friday, May 13, the Commission confirmed its previous advice that EU sanctions do not prevent companies from opening an account at a designated bank, and companies can pay for Russian gas - so long as they do so in the currency agreed in their existing contracts and declare the transaction completed when that currency is paid.

 

Nearly all of the supply contracts EU companies have with Russian gas giant Gazprom are in euros or dollars.

Russia cut gas supply to Poland and Bulgaria last month for refusing to comply with its ruble payment demand.

Several EU governments and large importers have sought more clarity from Brussels on whether they can keep buying gas, which heats homes, produces electricity and powers factories across Europe.

The guidance told companies to make a "clear statement" saying that when they pay euros or dollars, they consider their obligations under existing contracts to be fulfilled.

 

It should be understood that "such payments in that currency discharge definitively the economic operator from the payment obligations under those contracts, without any further actions from their side as regards the payment," it said.

By ending its obligations once it deposits euros or dollars, a company could avoid being involved in dealing with the Russian central bank, which is under sanctions, and which could have been involved in converting the euros to roubles.

President Vladimir Putin's decree had said a transaction would only be deemed complete after the foreign currency was converted to rubles.

A Commission spokesperson said: “Our fundamental position remains unchanged. The payment process set out in the Russian Decree of 31 March would breach EU sanctions, but there are options available for EU companies to continue paying in euros or dollars in line with the agreed contracts.”

putin-eu-4074363.jpg?r=1652788019513

 

Alexander Dzhioev, an analyst at Alfa Capital, said the situation on the domestic currency market has been the same for several weeks and the ruble keeps firming as foreign currency supply exceeds demand.

It was unclear whether Putin's demand for gas payments in rubles had also supported the currency.

At 3pm GMT on Monday, the ruble was 1.5 percent stronger against the dollar at 63.59 , close to its strongest since early February 2020 of 62.6250, which it hit on Friday.

Rosbank analysts forecast the ruble would slide to 90 to the dollar by year-end, adding: “The current capital control measures brought the rouble back to pre-pandemic levels”.

 

Against the euro, the rouble rose 1.6 percent to 66.05 , staying near its strongest level since June 2017 of 64.9425, which it touched on the Moscow Exchange on Friday.

Meanwhile, Russian stock indexes jumped higher.

The dollar-denominated RTS index was up 3 percent at 1,165.7 points.While the ruble-based MOEX Russian index rose 2 percent to 2,354.1 points.

 

 

 

 

 

 

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Sack "The Buffalo Range's TRUSTED News Source!"

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” ~ Dresden James

Parler @NYexile

 

 

 

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17 minutes ago, JAHall93 said:

Which means more profits for the weapons manufacturers.

I'm sure they're crying crocodile tears all the way to the bank.

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"The Zarqawi PSYOP program is the most successful information campaign to date." ~ Gen. Mark (Killer) Kimmitt

http://www.bibliotecapleyades.net/archivos_pdf/911_newpearlharbor.pdf

http://www.cooperativeresearch.org/project.jsp?project=911_project

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2 hours ago, JAHall93 said:

https://www.yahoo.com/news/pentagon-says-more-high-tech-200543885.html

 

More high tech weapons to Ukraine.

 

we won’t have any stockpile left soon

Well good maybe we can put people to work making new weapons

“There he goes. One of God's own prototypes.

A high-powered mutant of some kind, never even considered for mass production.

Too weird to live, and too rare to die.”

 

Twitter: @HKTheResistance

 

HipKat, on *** other h***, is genuine, unapoli***tically nasty, and w**** his hea** on his ******. jc856

I’ll just forward them to Bridgett. comssvet11

Seek help. soflabillsfan

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1 hour ago, HipKat said:

Well good maybe we can put people to work making new weapons

I know ICR will be in here shortly to say they're unrelated, but maybe do you think that just maybe there is some sort of correlation between us having such a large weapons industry and glorification of the military and blowing shit up all over the world and the fact that we have no near peers when it comes to the horrific amount of mass shootings like what we saw today in Texas or last week in Buffalo?

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4 hours ago, JAHall93 said:

https://www.yahoo.com/news/pentagon-says-more-high-tech-200543885.html

 

More high tech weapons to Ukraine.

 

we won’t have any stockpile left soon

And in a week or two those new toys will either

A. Be sold on to terrorist groups nobody in this in proxy war wants to have
B. Be in the hands of the Donbass militas
C. Be on the Russian MOD action reports as blown up in various missile strikes.  It was you Jay who correctly said the Russians have shown how good their missiles are.  They keep nailing our weapons we give to Ukraine almost as soon as they get delivered.

This isn't multiple choice folks, this is what is happening with regularity to our weapons shipments to Ukraine.  Oh and there is a 4th thing that will happen:

D. Moscow will get a hold of these high tech systems and they will be studied and reverse engineeered.

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17 hours ago, Herodotus said:

And in a week or two those new toys will either

A. Be sold on to terrorist groups nobody in this in proxy war wants to have
B. Be in the hands of the Donbass militas
C. Be on the Russian MOD action reports as blown up in various missile strikes.  It was you Jay who correctly said the Russians have shown how good their missiles are.  They keep nailing our weapons we give to Ukraine almost as soon as they get delivered.

This isn't multiple choice folks, this is what is happening with regularity to our weapons shipments to Ukraine.  Oh and there is a 4th thing that will happen:

D. Moscow will get a hold of these high tech systems and they will be studied and reverse engineeered.

Our inventory of advanced weapons will be depleted .

 

we will be attacked without force 

 

our economy will crash

our country destroyed

without China or Russia firing a shot at us.

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  • 2 weeks later...
31 minutes ago, SackMan518 said:

Look at those prices! I just paid $3.68 for a dozen local farm jumbo eggs. In Russia they're $1.06.

Interesting Video, A Walk Through a Russian Supermarket

 

I found this 8-minute video to be quite interesting.  As we consider the scale of food price increase in the United States, this video of a Russian supermarket yesterday is fascinating.

Considering the sanctions levied upon Russia by the western alliance, it would appear that they are coping quite nicely.  The guy who uploaded the video shares, “I took my camera with me on a quick Beer run to give you folks an idea of what a small local supermarket in a village South of Saint Petersburg, Russia looks like. How do the prices compare to where you live?”

 

This is the kind of real information the U.S. media would never mention.
 

 

 

Only one small thing, Russians have long taken less pay home than their western counterpart so it is possible that they are actually paying a higher percentage of their salary on food, housing, gas, and living costs than us.  That said, Russia is in a position -with its abundance of raw materials and the industrial base erected by the Soviet regime and its recent import substitution laws that have been in force since 2014 and its trade partnership with India and China - to weather western sanctions.  

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