Inflation hits Russia | Bitcointalksearch.org

MCVXYZ

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Quote from: tbterryboy on March 12, 2022, 04:36:54 PM

Quote from: istiak2277 on March 12, 2022, 04:57:48 AM

Russia already threatened Finland and Sweden about joining NATO. They would face the similar military intervention if they try to join NATO. Actually no one wants to be threatened by their neighbor. Also NATO and their allies shows their true faces after RF attack Ukraine. They denied to sent and boot to Ukraine even a NATO member Poland denied to sent any mig-29 to Ukraine AF directly.

Think about it, just really really deeply think about it. There is a nation who wants to join NATO, its a nation, like totally separate from anyone else, it is independent, not like some island that is tied to UK or something, fully 100% independent nation. Then another nation comes along and says that they can't. Do you see the logic behind that? Like how can another nation attack a nation because that nation decided to do something independently.

Ukraine was literally that. Ukraine said they wanted to be in NATO, and in EU as well, and Russia said "that would be bad for us, we are not allowing it" and then attacked. So basically what Putin said is "As Russia we are not allowing Ukraine to make independent decisions". That is super scary to me.

Even If Ukraine didn't say that they want to join NATO, Putin would start war in this situation, because I think his intention is not to defense his country but to be a second Stalin or someone historical figure who will recreate and write a new history and order in this world.

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Quote from: istiak2277 on March 12, 2022, 04:57:48 AM

Russia already threatened Finland and Sweden about joining NATO. They would face the similar military intervention if they try to join NATO. Actually no one wants to be threatened by their neighbor. Also NATO and their allies shows their true faces after RF attack Ukraine. They denied to sent and boot to Ukraine even a NATO member Poland denied to sent any mig-29 to Ukraine AF directly.

Think about it, just really really deeply think about it. There is a nation who wants to join NATO, its a nation, like totally separate from anyone else, it is independent, not like some island that is tied to UK or something, fully 100% independent nation. Then another nation comes along and says that they can't. Do you see the logic behind that? Like how can another nation attack a nation because that nation decided to do something independently.

Ukraine was literally that. Ukraine said they wanted to be in NATO, and in EU as well, and Russia said "that would be bad for us, we are not allowing it" and then attacked. So basically what Putin said is "As Russia we are not allowing Ukraine to make independent decisions". That is super scary to me.

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Quote from: Lucius on February 28, 2022, 06:12:03 AM

I believed that in the worst case, Russia would intervene in eastern Ukraine and perhaps only expand the occupied territories to create a larger pro-Russian zone - and that this would take several days due to the military strength of the Russian army. Unfortunately, this is no longer a military conflict but an open war aimed at occupying Ukraine, and according to their leader, some other countries will be next in line if they try to join NATO.

The EU depends on Russia, especially for gas - but will have to look for an alternative if it wants to be consistent in the sanctions against it. It is a bit hypocritical that it was announced a few days ago that the amount of gas will even be increased towards the EU, which means that the money is going in the opposite direction - on the one hand, we have sanctions, on the other hand, the EU finances Russian military machinery by buying Russian gas.

Yeah, the second part is funny. I did not know they float news like that already? May be EU is playing games here by safeguarding as much fuel as they could before war hits their doors or May be worldwide ? Though it seems terrifying idea as to shake hands with the rival country when they are attacking borderlines.

The situation is seriously critical now. It may happen after few days we start to hearing all the currencies are inflated and there world wide economic crisis at its peak. Then no currency would be useful as we won’t be able to buy basic things with it. So Yup, Russia gonna pay for it now.

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Quote from: Tony116 on March 12, 2022, 08:50:37 AM

Quote from: istiak2277 on March 12, 2022, 04:57:48 AM

Quote from: Lucius on February 28, 2022, 06:12:03 AM

I believed that in the worst case, Russia would intervene in eastern Ukraine and perhaps only expand the occupied territories to create a larger pro-Russian zone - and that this would take several days due to the military strength of the Russian army. Unfortunately, this is no longer a military conflict but an open war aimed at occupying Ukraine, and according to their leader, some other countries will be next in line if they try to join NATO.

The EU depends on Russia, especially for gas - but will have to look for an alternative if it wants to be consistent in the sanctions against it. It is a bit hypocritical that it was announced a few days ago that the amount of gas will even be increased towards the EU, which means that the money is going in the opposite direction - on the one hand, we have sanctions, on the other hand, the EU finances Russian military machinery by buying Russian gas.

Russia already threatened Finland and Sweden about joining NATO. They would face the similar military intervention if they try to join NATO. Actually no one wants to be threatened by their neighbor. Also NATO and their allies shows their true faces after RF attack Ukraine. They denied to sent and boot to Ukraine even a NATO member Poland denied to sent any mig-29 to Ukraine AF directly.

Russia has stated that any country that supplies fighter jets to Ukraine is an indirect participant in the war and will be an enemy of Russia and Ukraine is not an official member of NATO. Poland or any member of nato does not want to be an enemy of Russia as we all know Russia's military might and Putin is not empty words.

Russian military power?? Are you seriously ? Ukraine has been holding and repelling them with high quality for 2+ weeks. At the same time, 95% of combat-ready units and divisions of the Russian Federation are now in Ukraine. All offensive operations of the Russian "invincible army" bogged down. Now there are a couple of captured cities and that's it! Instead of fighting, the Russian army engaged in terrorism - the destruction of residential areas, the pressure on the civilian population, the destruction of civilian infrastructure. To conduct military operations against the armed forces of Ukraine - the Russians are afraid as hell of the Bible! What the "most powerful NATO bloc" is afraid of is a possible tactical nuclear strike on the same Poland. Like - let's not provoke. The West does not understand one thing - if Ukraine loses, you are guaranteed to receive, and more than one tactical nuclear strike! Rossya with Putin is Hitler, with brain cancer, and nuclear weapons! He openly declares that Ukraine is the beginning, then we will take Latvia, Lithuania, Estonia for ourselves. Then there will be Poland.. And Russia will continue to terrorize the West, seeing their cowardly reaction now!

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Well the truth is that this is a very complicated scenario, especially for Russia and its economy that is increasingly suffocated, I have a friend in Russia who is not Russian, he tells me that he had never seen so much fear in the Russians, that the queues in the banks are endless and that everyone is changing like crazy the rubles for the dollar, Eur, that each dollar is very, very expensive, that it is a scenario that was never imagined, that a lot of scarcity is beginning and that fear takes hold of people, that you can't even protest because they are imprisoned, so I think that if this economy doesn't give a break, it would quickly need the intervention of an allied country like China to solve certain economic emergencies.

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Quote from: Ngewex Yuk on March 12, 2022, 02:55:34 AM

Slowly the impact of war will be felt and what usually happens is inflation, when there is a war of course a lot of production of goods stops, supply is not maximized so that inflation can have a serious impact in the long term, but the presence of cryptocurrencies can certainly be a helper for Russia so that it does not get hit by inflation. can wreak havoc on the national economy.

That's right but also the money printing is usually increased in war times which speed up the inflation as well. In the West, the only problem is that a lot of money was printed before that, which makes things even more difficult. Therefore, it is to be expected for the time being that the central banks, as announced, will reduce the purchase programs in order to have more room for maneuver in the event of a prolonged war.

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Quote from: Tony116 on March 12, 2022, 08:50:37 AM

Russia has stated that any country that supplies fighter jets to Ukraine is an indirect participant in the war and will be an enemy of Russia and Ukraine is not an official member of NATO. Poland or any member of nato does not want to be an enemy of Russia as we all know Russia's military might and Putin is not empty words.

Does this mean that Ukraine as a country don't have fighter jets or the already run out of the one they have ? This is not proper if they lack fighter jets to defend there territory first before requesting for more. And the US is getting a little careful not to direct go into Russia trap with the warning of Putin to NATO countries not to be involved in the armed conflict I think Ukraine need a solution of attacking the Russian jet fighters.

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Quote from: _act_ on February 28, 2022, 05:44:54 AM

USDT records new all-time high against Russian ruble as inflation hits

War will always damage the economy of the affected countries, this is the 5th day of the war between Russia and Ukraine, the US, EU and generally the UN have been sanctioning Russia since the start of the Russia - Ukraine war which includes removing Russia from Swift and many other sanctions. Russia's central bank doubled key interest rates on Feb. 28, from 9.5% to 20% and USDT which is pegged to USD which has increased 30% against Russian ruble (RUR) within five days of war. Bitcoin trading volume on crypto exchanges in Ukraine spiked 200%.

This is likely the beginning of the war if it does not cease anytime soon, I am been seeing some people saying the EU needs Russia than Russia needs them, that they depend on crude oil and many mineral resources from Russia, but what is causing the inflation in Russia is because of the Russia - Ukraine war. This could be more severe if the war does not ends soon. With the look of what is going on, Russia has been planing this for years and this has led to some people killed and many left their homes.

We're still in the very early days of seeing the Russian economy collapse. Inflation might be the last of the average citizens as we're seeing trade getting cut off from all of Europe and North America. Russia is set to default on its debt soon, which has always been followed by a devastating recession and it will take a long time to recover since they've effectively isolated themselves from most of the richest countries in the world by starting this war. Very little progress is going to be made in Russia while Putin stays in power, mainly because few countries can count on his word as truthful and many are no longer scared of his bullying tactics. He has shown that he is running not just a terrible economy, but also that he was far from the brilliant military tactician that many perceived he might be.

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Quote from: istiak2277 on March 12, 2022, 04:57:48 AM

Quote from: Lucius on February 28, 2022, 06:12:03 AM

I believed that in the worst case, Russia would intervene in eastern Ukraine and perhaps only expand the occupied territories to create a larger pro-Russian zone - and that this would take several days due to the military strength of the Russian army. Unfortunately, this is no longer a military conflict but an open war aimed at occupying Ukraine, and according to their leader, some other countries will be next in line if they try to join NATO.

The EU depends on Russia, especially for gas - but will have to look for an alternative if it wants to be consistent in the sanctions against it. It is a bit hypocritical that it was announced a few days ago that the amount of gas will even be increased towards the EU, which means that the money is going in the opposite direction - on the one hand, we have sanctions, on the other hand, the EU finances Russian military machinery by buying Russian gas.

Russia already threatened Finland and Sweden about joining NATO. They would face the similar military intervention if they try to join NATO. Actually no one wants to be threatened by their neighbor. Also NATO and their allies shows their true faces after RF attack Ukraine. They denied to sent and boot to Ukraine even a NATO member Poland denied to sent any mig-29 to Ukraine AF directly.

Russia has stated that any country that supplies fighter jets to Ukraine is an indirect participant in the war and will be an enemy of Russia and Ukraine is not an official member of NATO. Poland or any member of nato does not want to be an enemy of Russia as we all know Russia's military might and Putin is not empty words.

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Quote from: Poker Player on March 12, 2022, 04:07:03 AM

Quote from: DrBeer on March 12, 2022, 04:01:37 AM

Today the exchange rate is 130 rubles/dollar. BUT ! This course does not reflect reality, because. the dollar is simply not for sale, there was a ban on the sale of currency to residents of Russia. It is possible to evaluate the inflationary process by secondary signs - a change in prices for products and goods. So prices in ordinary grocery chains will grow x2-x4. And note that only about 10 days have passed since the sanctions were applied! Now they are introducing a ban on the purchase of hydrocarbons from Russia, which is 40% of foreign exchange earnings. Sales of the Russian military-industrial complex, after the shameful failure of all offensive operations, and the defeat of "unparalleled" weapons, have also almost stopped. Let's wait 3 months, then it will be fun. And you will see that Russia is Zimbabwe with snow, plus fascism and terrorism!

NATO countries are not spared from high inflation either. War is bad for everyone, and economic problems and inflation go back well before the war. If I'm not well, I don't really take comfort in the fact that my neighbor is worse off. The only good thing is to have more democratic systems than in Russia, and not to be in direct armed conflict, for the time being.

The experts expect the inflation in the US to be at double digits soon. In my country it is already at 50%. It is getting crazy everywhere. Covid19 was bad and now this war is even worse. I can't imagine anything worse than the current situation... Well, maybe a nuclear war...

I wish I didn't make any posts against the vaccines. If you tards had taken your vaccines, none of these would have happened. Now Klaus is going full hitler on everybody because of your non-compliance. I'll drink 3 biontech bottles on Monday. (dunno if it counts now)

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Quote from: Lucius on February 28, 2022, 06:12:03 AM

I believed that in the worst case, Russia would intervene in eastern Ukraine and perhaps only expand the occupied territories to create a larger pro-Russian zone - and that this would take several days due to the military strength of the Russian army. Unfortunately, this is no longer a military conflict but an open war aimed at occupying Ukraine, and according to their leader, some other countries will be next in line if they try to join NATO.

The EU depends on Russia, especially for gas - but will have to look for an alternative if it wants to be consistent in the sanctions against it. It is a bit hypocritical that it was announced a few days ago that the amount of gas will even be increased towards the EU, which means that the money is going in the opposite direction - on the one hand, we have sanctions, on the other hand, the EU finances Russian military machinery by buying Russian gas.

Russia already threatened Finland and Sweden about joining NATO. They would face the similar military intervention if they try to join NATO. Actually no one wants to be threatened by their neighbor. Also NATO and their allies shows their true faces after RF attack Ukraine. They denied to sent and boot to Ukraine even a NATO member Poland denied to sent any mig-29 to Ukraine AF directly.

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Quote from: DrBeer on March 12, 2022, 04:01:37 AM

Today the exchange rate is 130 rubles/dollar. BUT ! This course does not reflect reality, because. the dollar is simply not for sale, there was a ban on the sale of currency to residents of Russia. It is possible to evaluate the inflationary process by secondary signs - a change in prices for products and goods. So prices in ordinary grocery chains will grow x2-x4. And note that only about 10 days have passed since the sanctions were applied! Now they are introducing a ban on the purchase of hydrocarbons from Russia, which is 40% of foreign exchange earnings. Sales of the Russian military-industrial complex, after the shameful failure of all offensive operations, and the defeat of "unparalleled" weapons, have also almost stopped. Let's wait 3 months, then it will be fun. And you will see that Russia is Zimbabwe with snow, plus fascism and terrorism!

NATO countries are not spared from high inflation either. War is bad for everyone, and economic problems and inflation go back well before the war. If I'm not well, I don't really take comfort in the fact that my neighbor is worse off. The only good thing is to have more democratic systems than in Russia, and not to be in direct armed conflict, for the time being.

DrBeer

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Quote from: Ngewex Yuk on March 12, 2022, 02:55:34 AM

Slowly the impact of war will be felt and what usually happens is inflation, when there is a war of course a lot of production of goods stops, supply is not maximized so that inflation can have a serious impact in the long term, but the presence of cryptocurrencies can certainly be a helper for Russia so that it does not get hit by inflation. can wreak havoc on the national economy.

Today the exchange rate is 130 rubles/dollar. BUT ! This course does not reflect reality, because. the dollar is simply not for sale, there was a ban on the sale of currency to residents of Russia. It is possible to evaluate the inflationary process by secondary signs - a change in prices for products and goods. So prices in ordinary grocery chains will grow x2-x4. And note that only about 10 days have passed since the sanctions were applied! Now they are introducing a ban on the purchase of hydrocarbons from Russia, which is 40% of foreign exchange earnings. Sales of the Russian military-industrial complex, after the shameful failure of all offensive operations, and the defeat of "unparalleled" weapons, have also almost stopped. Let's wait 3 months, then it will be fun. And you will see that Russia is Zimbabwe with snow, plus fascism and terrorism!

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Slowly the impact of war will be felt and what usually happens is inflation, when there is a war of course a lot of production of goods stops, supply is not maximized so that inflation can have a serious impact in the long term, but the presence of cryptocurrencies can certainly be a helper for Russia so that it does not get hit by inflation. can wreak havoc on the national economy.

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Quote from: justdimin on March 09, 2022, 11:36:42 PM

Quote from: Rockstarguy on March 09, 2022, 03:44:05 AM

No matter how weather Russia is in gas inflation will still hit Russia because of the sanctions giving to Russia by the UN. If the war still continues I think inflation will still hit Russia more, Russia is well known as a nation that is very rich in oil and gas that other countries depend on, but are still other countries that are also rich in gas which the US and other countries can make trade with. No matter how weathy a country economy is war will always bring it down because every sectors that generates income will surely be affected.

Someone on twitter said it best, and I loved it when I read it "if the price of gas goes to a trillion dollars but Russia has absolutely nobody to sell, then what is the point?". All in all if Russia is sanctioned off from the major buyers, and only a few places can still continue to buy from them, then they will have to make some changes to the price and lower it because if they can't sell it to those few nations then who will they sell it to?

West meanwhile could just open a listing and say "whoever sells us cheapest, will get this money" and get it from anyone they want to. There is really nothing major about this that doesn't hurt Russia, everything will hurt Russia from now on.

It is nothing really new, the one that is holding the money in the negotiations most of the time has the upper hand, obviously replacing Russia completely as a supplier for most countries is simply impossible, but as long as each one of them can reduce their consumption of Russian oil and gas then even if they suffer some negative effects from this, it will not be anywhere near close to what we will see in Russia, as the cumulative effects of the sanctions are now being felt by the bulk of their population.

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Quote from: Sithara007 on March 10, 2022, 09:43:40 PM

Quote from: DrBeer on March 09, 2022, 11:15:25 AM

Today is March 9th. Today, the United States has decided to ban the purchase of hydrocarbons in Russia. The EU is phasing out Russian oil and gas, and have made strategic decisions to phase out this "supplier" entirely. Sanctions block deliveries of hydrocarbons from Russia to key markets. The financial system is at its peak. Western companies have left the market. Production stops. Fierce inflation is gaining momentum ... This is only 14 days from the start of the war, and 10 days from the start of sanctions. What do you think - what will happen by the summer of 2022?

These issues are just temporary. I have repeated this many times - as long as the oil and gas prices remain high, Russia doesn't have anything to worry. Hydrocarbon consumption is going up around the world, and in case the western nations refuse to purchase Russian commodities then they will flow in to China and India (at a discount obviously). Anyway, Putin doesn't care much about the suffering of his own people, and most of the oil revenues will go towards the defense budget (for possible future invasions of Kazakhstan, Baltics and Georgia).

Let's take a closer look at your statement, shall we? Yes, on the one hand, a superficial assessment - the higher the price of oil / gas, the more money Russia will receive. It seems that everything is logical, it is valuable upwards, Russia receives more income as one of the key market players. But you either do not know or deliberately "forget" some short facts:
1. Oil brand "Urals" is now trying to sell at a high discount, up to 30 dollars per barrel. Why ? Because many buyers have simply abandoned it and are buying more expensive oil from other suppliers.
2. A ban has been introduced on the purchase of Russian oil by many countries. Yes, they are ready for rising prices for oil and its products. And now negotiations are underway with other supplier countries.
3. It is highly likely that the American continent will receive oil from Venezuela (negotiations are underway, and there is a high probability that a compromise will be found)
4. Asian oil is going to Europe.

Bottom line: in the very short term, yes, Russia will still receive some benefit from oil products. In the next and long term - a global decrease in supplies to markets that pay currency. Oil will most likely be bought cheaply by China, for yuan. At the price set by China.

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Quote from: DrBeer on March 09, 2022, 11:15:25 AM

Today is March 9th. Today, the United States has decided to ban the purchase of hydrocarbons in Russia. The EU is phasing out Russian oil and gas, and have made strategic decisions to phase out this "supplier" entirely. Sanctions block deliveries of hydrocarbons from Russia to key markets. The financial system is at its peak. Western companies have left the market. Production stops. Fierce inflation is gaining momentum ... This is only 14 days from the start of the war, and 10 days from the start of sanctions. What do you think - what will happen by the summer of 2022?

These issues are just temporary. I have repeated this many times - as long as the oil and gas prices remain high, Russia doesn't have anything to worry. Hydrocarbon consumption is going up around the world, and in case the western nations refuse to purchase Russian commodities then they will flow in to China and India (at a discount obviously). Anyway, Putin doesn't care much about the suffering of his own people, and most of the oil revenues will go towards the defense budget (for possible future invasions of Kazakhstan, Baltics and Georgia).

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Quote from: justdimin on March 09, 2022, 11:36:42 PM

Someone on twitter said it best, and I loved it when I read it "if the price of gas goes to a trillion dollars but Russia has absolutely nobody to sell, then what is the point?". All in all if Russia is sanctioned off from the major buyers, and only a few places can still continue to buy from them, then they will have to make some changes to the price and lower it because if they can't sell it to those few nations then who will they sell it to?

West meanwhile could just open a listing and say "whoever sells us cheapest, will get this money" and get it from anyone they want to. There is really nothing major about this that doesn't hurt Russia, everything will hurt Russia from now on.

What Russia gain from the price going up is the pressure from the people to the governments to stop doing what they are doing to Russia and find a way to drop the price again. Everyone assumed that just because there are sanctions, Russian people will eventually protest against Putin and find a way to get rid of him, so making the life of everyday Russians would cause them to be upset and angry and basically take up their pitchforks. However, Putin is doing the same thing via Oil nowadays.

This way the price of oil and gas will skyrocket, people will be unable to use their oil anymore, and at the end of the day we are going to end up with regular people of Europe or USA starting to protest their own presidents.

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Quote from: Rockstarguy on March 09, 2022, 03:44:05 AM

No matter how weather Russia is in gas inflation will still hit Russia because of the sanctions giving to Russia by the UN. If the war still continues I think inflation will still hit Russia more, Russia is well known as a nation that is very rich in oil and gas that other countries depend on, but are still other countries that are also rich in gas which the US and other countries can make trade with. No matter how weathy a country economy is war will always bring it down because every sectors that generates income will surely be affected.

Someone on twitter said it best, and I loved it when I read it "if the price of gas goes to a trillion dollars but Russia has absolutely nobody to sell, then what is the point?". All in all if Russia is sanctioned off from the major buyers, and only a few places can still continue to buy from them, then they will have to make some changes to the price and lower it because if they can't sell it to those few nations then who will they sell it to?

West meanwhile could just open a listing and say "whoever sells us cheapest, will get this money" and get it from anyone they want to. There is really nothing major about this that doesn't hurt Russia, everything will hurt Russia from now on.

DrBeer

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Quote from: Lucius on February 28, 2022, 06:12:03 AM

I believed that in the worst case, Russia would intervene in eastern Ukraine and perhaps only expand the occupied territories to create a larger pro-Russian zone - and that this would take several days due to the military strength of the Russian army. Unfortunately, this is no longer a military conflict but an open war aimed at occupying Ukraine, and according to their leader, some other countries will be next in line if they try to join NATO.

The EU depends on Russia, especially for gas - but will have to look for an alternative if it wants to be consistent in the sanctions against it. It is a bit hypocritical that it was announced a few days ago that the amount of gas will even be increased towards the EU, which means that the money is going in the opposite direction - on the one hand, we have sanctions, on the other hand, the EU finances Russian military machinery by buying Russian gas.

Today is March 9th. Today, the United States has decided to ban the purchase of hydrocarbons in Russia. The EU is phasing out Russian oil and gas, and have made strategic decisions to phase out this "supplier" entirely. Sanctions block deliveries of hydrocarbons from Russia to key markets. The financial system is at its peak. Western companies have left the market. Production stops. Fierce inflation is gaining momentum ... This is only 14 days from the start of the war, and 10 days from the start of sanctions. What do you think - what will happen by the summer of 2022?

Topic: Inflation hits Russia (Read 604 times)