Thread: fear

Originally Posted by hddscan

Some conclusions:
1. It does not mean that inflation should be the only measurement tool but it's one of them
2. Russian central bank spent billions of dollars to support ruble value on external market and it's costly
3. Current situation with sanctions and oil prices makes it unreasonable for Russia to continue spending billions of dollars to support ruble
4. Now it is time to make some corrections in ruble value and it will be going down
5. People should be thankful that 1 USD is not 70 RUR

There's nothing out there that supports your statements, though.

Most economic/financial reports indicate Russia is heading for recession and further devaluation of the ruble. This isn't some inevitable correction. It's a number of economic problems worsening or being exacerbated because of the sanctions and oil prices decreasing. Also, one article I posted presented the point about exports/imports in which Russia is losing at that game even when you factor in Russia's (gas).

(Deleted. L.) I don't if the 80% approval rating for Mister Putin is accurate but regardless of what it really is now, I suspect that will be on its way down in the near future. Even with propaganda, there will come a point in which Russians notice the problems when they become directly applicable and the 'blame on the West' will eventually get old. Especially, when Putin and friends still occupy their considerable wealth.

http://www.theguardian.com/world/201...ssion-currency
http://www.ibtimes.co.uk/who-are-win...llapse-1473356
http://www.bloombergview.com/article...nancial-crisis

Originally Posted by 14Russian

There's nothing out there that supports your statements, though.

On the contrary, there is plenty.
Russia is raiding its reserves to goose the ruble’s rally – Quartz
Russia's Central Bank Abandons Its Fight to Support the Ruble - WSJ
Russian central bank to stop burning reserves on supporting ruble, takes aim at speculators - 11/10/2014 10:48:20 AM | Newser

Originally Posted by 14Russian

Most economic/financial reports indicate Russia is heading for recession and further devaluation of the ruble. This isn't some inevitable correction. It's a number of economic problems worsening or being exacerbated because of the sanctions and oil prices decreasing. Also, one article I posted presented the point about exports/imports in which Russia is losing at that game even when you factor in Russia's (gas).

As I wrote before, it will be rough couple of years. Not only for Russia though.

Originally Posted by 14Russian

Even with propaganda, there will come a point in which Russians notice the problems when they become directly applicable and the 'blame on the West' will eventually get old.

Actually, even western mainstream media start to acknowledge the “oil conspiracy” against Russia and Iran. Obama is willing to sacrifice his own oil industry in order to harm Russian economy and preserve his bloated but brittle ego.))

Think about how the Obama administration sees the state of the world. It wants Tehran to come to heel over its nuclear programme. It wants Vladimir Putin to back off in eastern Ukraine. But after recent experiences in Iraq and Afghanistan, the White House has no desire to put American boots on the ground. Instead, with the help of its Saudi ally, Washington is trying to drive down the oil price by flooding an already weak market with crude. As the Russians and the Iranians are heavily dependent on oil exports, the assumption is that they will become easier to deal with.

Stakes are high as US plays the oil card against Iran and Russia | Larry Elliott | Business | The Guardian

Originally Posted by hddscan

On the contrary, there is plenty.
Russia is raiding its reserves to goose the ruble’s rally – Quartz
Russia's Central Bank Abandons Its Fight to Support the Ruble - WSJ
Russian central bank to stop burning reserves on supporting ruble, takes aim at speculators - 11/10/2014 10:48:20 AM | Newser

How do those articles dispute what I posted? The last even acknowledges various serious problems like inflated prices.

Originally Posted by diogen_

Actually, even western mainstream media start to acknowledge the “oil conspiracy” against Russia and Iran. Obama is willing to sacrifice his own oil industry in order to harm Russian economy and preserve his bloated but brittle ego.))

Stakes are high as US plays the oil card against Iran and Russia | Larry Elliott | Business | The Guardian

So, it's Obama's fault for Russia's economic problems? LOL! Obama has his own problems at home. But, it has nothing to do with Russia. All I was saying is that Russia was heading towards economic decline amid a number of various problems (it was inevitable even before the sanctions) but it was even exacerbated by the sanctions and the intervention with Ukraine. With the sanctions and 'tough attitude' (more like fascade or phony stubbornness), the government (Putin et al.) have sacrificed Russians' economic prospects and conceded a lopsided deal with China plus sacrificing lives literally with the conflict in Eastern Ukraine. I figure that some of the Putin supporters will eventually change their outlook when these problems have a more personal consequence for them.

Originally Posted by 14Russian

How do those articles dispute what I posted?

How do you manage to dispute my statements then?