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The Cat Empire
Actually the USD has been climbing like someone lit a fire under it lately.
We’re under 70c. It’s funny that the flight to safety is to the cause of all the instability.
How are those sanctions going?
USD has barely changed against the Swiss Franc and AUD over the last five years. Seems the Euro and GBP are doing badly.
A moment’s Googling would show many recent news stories explaining that the Russian government’s actions has been propping up the Ruble, and they now actually want it to drop. That wouldn’t play into the simplistic formula here, though, would it.
Similarly, the question:
has been the subject of many news stories (on TV and elsewhere) about how they are seriously hitting the Russian industrial base – things like new cars now being manufactured without air bags or anti lock brakes, for example.
But apart from the Western media, let’s see what the Moscow Times, says:
If only the commenters would read more than the pap served up here…
The “Moscow Times” is a Dutch website, presumably financed by the CIA.
Ho hum. Analysis at Barrons:
Or can I only trust words from the mouth of Putin and his apologists?
I assign to Putin and his apologists marginally more credibility than I acknowledge in Biden/Boris/Brussels and their apologists.
Uke pom-pom wavers have stated their aims as regime change, assassination, the end of the Russian Federation, the end of Russia as European energy alpha and the re-taking of the entirety of lost territory. None of these has happened.
What we hear instead is neo-con loonies talking about Forever War in Ukraine to ‘send a message’ to China re Taiwan. Well, it certainly has sent a message.
The message is that not a single Western nation will commit hundreds of thousands of young men to fight overseas. That is no longer politically achievable.
I want to see the Russian Federation survive, succeed and turn away from its Byzantine isolationism – and I want to see the return of the Reagan/Bush Sr-class leaders in the West to encourage that. We need to envisage a new European bloc – founded on a common Judeo-Christian heritage – and united against China.
Ukraine – a corrupt shit-hole – will have to come to terms with Russia because it is never getting those lost lands back again. If that sounds like ruthless realpolitic, it is – but one far less heartless and reckless than the pseudo-realpolitic of turning Ukraine into a permanent killing field to sate the delusions of the current US State Department.
Confusing, you also said just today annexation was never Russia’s goal. Maybe you see some difference in the term, to me same same (shrug).
Anyways none of us can know from way over here with propaganda from both sides.
Like Biden, who could really know what Putin’s real goal is and does he even have a definite one – or more fluid like freewheeling destruction depending upon what army resources he has left. The sooner these crazy boomers autocrats expire and exit the better.
I meant annexation of the entire country.
That was never Russia’s goal.
Neo-cons are claiming they ‘stopped’ something that was never planned.
Have a look at the wheat production areas in the Ukraine. Mostly the south-east. Looks like Putin is getting most of that territory and most of the coastline. Why would he want the unproductive western part? Lviv was in an oil producing area back before WWI. Not nowadays.
“I assign to Putin and his apologists marginally more credibility than I acknowledge in Biden/Boris/Brussels and their apologists.”
Hear hear. I don’t believe anyone anymore more without 3 weeks of study. Doctors, Health officials, Politicians, MSM. Used Car salesmen are far more trustworthy than these shonks.
Prospero’s Barron’s excerpt is a good part of the reason the Ruble’s appreciated.
On the capital account side, Russians cannot convert rubles and then move the foreign currency overseas because Russian currency controls prevent it and also because the West has placed restrictions on capital flows from Russia.
The other reason. The Ruble isn’t convertible and not freely traded. The government can move the exchange rate to whatever level it desires.