Inflation hits Russia - page 3. | Bitcointalksearch.org

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Quote from: Scripture on March 03, 2022, 06:24:48 PM

Quote from: BlackHatCoiner on March 03, 2022, 04:23:46 PM

This isn't just inflation, that's the worst case scenario for a currency. To be issued from a country that is currently rejected by everyone. Some Russians are gonna starve to death...

Quote from: The Sceptical Chymist on March 03, 2022, 04:05:27 PM

I do think both countries are going to get hit economically by the invasion (especially Russia, and we're already seeing that with the ruble being devalued), which just makes me wonder even more what Putin was thinking in doing what he's doing.

Besides the currency devaluation, they spend billions of dollars on military expenditures. Specifically, it's known that they're giving $15 billion per day on devastating missiles. I think he knows very well what he's doing, although humanitarian speaking, he's an asshole.

This is the consequences, let’s just see if they are well prepared for this invasion since they are not just losing money here, they are also losing soldiers which is really a bad one.

Many economic sanctions will happen, they will hit hard Russia and there will be a long term effect of this one. Hoping that China wont do the same shit, because they will also suffer for sure.

I believe, Putin already knows these possible consequences. And for the sake of his self-interest, it seems that he doesn't care about the welfare of its people just to serve his power over Ukraine. This can easily go to worse because if Putin will activate their nuclear weapon, the world may possibly unite to stop the madness of Putin. So we will see in the next coming days, because this invasion has been losing a lot of lives already.

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Quote from: BlackHatCoiner on March 03, 2022, 04:23:46 PM

This isn't just inflation, that's the worst case scenario for a currency. To be issued from a country that is currently rejected by everyone. Some Russians are gonna starve to death...

Quote from: The Sceptical Chymist on March 03, 2022, 04:05:27 PM

I do think both countries are going to get hit economically by the invasion (especially Russia, and we're already seeing that with the ruble being devalued), which just makes me wonder even more what Putin was thinking in doing what he's doing.

Besides the currency devaluation, they spend billions of dollars on military expenditures. Specifically, it's known that they're giving $15 billion per day on devastating missiles. I think he knows very well what he's doing, although humanitarian speaking, he's an asshole.

This is the consequences, let’s just see if they are well prepared for this invasion since they are not just losing money here, they are also losing soldiers which is really a bad one.

Many economic sanctions will happen, they will hit hard Russia and there will be a long term effect of this one. Hoping that China wont do the same shit, because they will also suffer for sure.

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Quote from: The Sceptical Chymist on March 03, 2022, 04:05:27 PM

Quote from: tyz on March 02, 2022, 05:23:22 AM

I think it will depend a lot on how the war turns out. At the moment it looks like Russia will win sooner or later and place a puppet government, similar to the one in Belarus.

I'm not sure puppet governments are ever good, but we'll have to see how this whole thing turns out. I do think both countries are going to get hit economically by the invasion (especially Russia, and we're already seeing that with the ruble being devalued), which just makes me wonder even more what Putin was thinking in doing what he's doing.

The radio was saying today that one ruble is worth $0.01 or something like that. I haven't checked the history of the USD/Ruble value, but I'm assuming that the ruble is worth a lot less today than it was prior to the invasion of Ukraine. Whatever Putin gains from this, it's sure going to cost the citizens of Russia a lot if there's serious inflation that arises in the near future. Again I say, what a mess this is.

Well, Ukraine was a puppet government for the West, as unpopular as that idea may be. The Ukrainian government was heavily influenced by the West with anti-Russian pressure. So we only consider puppet governments to be good when it benefits the interest of a country or group of countries. I don't consider puppet governments a bad thing, as long as they embrace western values/capitalism - a Putin installed puppet would be a pseudo-democracy and Russian proxy.

As far as inflation goes, ruble was already leaning towards being worthless because of how fragile the Russian economy was pre-invasion. Putin needs Ukraine because he prepaid for the war and his gamble must pay off.

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This isn't just inflation, that's the worst case scenario for a currency. To be issued from a country that is currently rejected by everyone. Some Russians are gonna starve to death...

Quote from: The Sceptical Chymist on March 03, 2022, 04:05:27 PM

I do think both countries are going to get hit economically by the invasion (especially Russia, and we're already seeing that with the ruble being devalued), which just makes me wonder even more what Putin was thinking in doing what he's doing.

Besides the currency devaluation, they spend billions of dollars on military expenditures. Specifically, it's known that they're giving $15 billion per day on devastating missiles. I think he knows very well what he's doing, although humanitarian speaking, he's an asshole.

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Quote from: tyz on March 02, 2022, 05:23:22 AM

I think it will depend a lot on how the war turns out. At the moment it looks like Russia will win sooner or later and place a puppet government, similar to the one in Belarus.

I'm not sure puppet governments are ever good, but we'll have to see how this whole thing turns out. I do think both countries are going to get hit economically by the invasion (especially Russia, and we're already seeing that with the ruble being devalued), which just makes me wonder even more what Putin was thinking in doing what he's doing.

The radio was saying today that one ruble is worth $0.01 or something like that. I haven't checked the history of the USD/Ruble value, but I'm assuming that the ruble is worth a lot less today than it was prior to the invasion of Ukraine. Whatever Putin gains from this, it's sure going to cost the citizens of Russia a lot if there's serious inflation that arises in the near future. Again I say, what a mess this is.

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Quote from: Ararbermas on March 02, 2022, 11:53:17 AM

Quote from: Natalim on February 28, 2022, 09:16:05 AM

Obviously, it will happen because other countries are sanctioning Russia, however, I think they already know the effect of the war and they are ready for it.

for sure putin already knows that there will be an impact on their economy after that war, wherein probably he preferred to sacrifice everything just to invade Ukraine because of his pride as well.

But still they're the fifth world's leading exporter, so we might be affected of some reason because of the inflation.

This is expected if there's a war happen between in two countries and even if we are far from them we can still feel the effect of the conflict since the price of gas and other goods rise up and inflation rate in the world rise to so for sure Russia is not the only one suffer from this. But I'm sure they can recover easily since they are self sufficient country and those small countries or shall we say 3rd world country will be the one who will badly hit for this inflation.

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Quote from: gantez on March 02, 2022, 05:54:45 AM

Quote from: tyz on March 02, 2022, 05:23:22 AM

However, if Ukraine wins (e.g. if the Russian people overthrow Putin) and Russia has to withdraw, Ukraine could experience an economic boom, especially if the EU decides to include Ukraine more in the European economic system (it is possible in principle even without EU accession).

Yes I believe that if Russia don't succeed at the end the EU and US will surely throw in money to Ukraine to help build back the city and the whole of destructions going on there. It is a pity that lives lost will not be regained and the Ukrainian fallen heroes won't come back but will surely be in remembrance in Ukraine. I urge the Ukrainians to be strong to wade away the enemies of freedom.

I wouldn't need to guess, the west is already sending a lot of stuff. Just yesterday it was officially notified that they are sending 500 million Euros worth of military equipment. From guns to drones to even something as simple as long lasting foods (canned foods and so forth) with even some clothing armors and so forth, with trucks and all.

So, basically everything you can imagine that would be needed aside from Missiles if I am not wrong, that one was missing from what I read, but I could be wrong. All in all, we are talking about a ton of new stuff, and Ukraine bought some more drones from Turkey which proved to be amazingly efficient in this war, 5 or 6 new ones just today, meaning they can keep on buying more, and if turkey has more than they will sell them too.

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Quote from: paxmao on February 28, 2022, 06:20:58 AM

I always thought that it was a mistake to enter in such a dependency from Russia.

You know who else said the same thing?

Trump did.

https://9gag.com/gag/aBndj6x

He said the same thing right in the face of the Europeans and they came up with all kinds of excuses. He says the former chancellor of Germany owns a gas company that imports the gas from Russia, wohoo that's a new low.

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Quote from: Natalim on February 28, 2022, 09:16:05 AM

Obviously, it will happen because other countries are sanctioning Russia, however, I think they already know the effect of the war and they are ready for it.

for sure putin already knows that there will be an impact on their economy after that war, wherein probably he preferred to sacrifice everything just to invade Ukraine because of his pride as well.

But still they're the fifth world's leading exporter, so we might be affected of some reason because of the inflation.

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Quote from: Sebas.tian on March 01, 2022, 11:55:56 PM

Infant both Russian and Ukraine,it will take them some years before they can recover from their losses in this war situation that is going on their countries. Just 5 days the war has started, many people has loss their lives and properties and many companies has packed up because of the war that is affecting their workers and customers in the country. Inflation has started already in the both countries because war is the major thing that cause inflation to humanity. The two countries find it difficult to feed very well over 5 days the war has started between Russian and Ukraine which is seriously causing damages to their economy and education sectors because all schools in those two countries has been closed down few days ago for the safe of the students and staffs in the countries.

Depending on the damage, the bigger the damage is, the longer the recovery. I think it was Ukraine that is affected in terms of property damages but they can worry less because other countries are supporting them. If there is one that will suffer the most, that will be Russia because of the sanctions given to them.

Business and schools like you said can be cancelled for a while but it can be resumed as soon as possible, it's important but lives are more important because once it's lost it can never be returned again. It's only sad that there are innocent people that have been killed already. The Russian president must pay big for this.

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Quote from: tyz on March 02, 2022, 05:23:22 AM

However, if Ukraine wins (e.g. if the Russian people overthrow Putin) and Russia has to withdraw, Ukraine could experience an economic boom, especially if the EU decides to include Ukraine more in the European economic system (it is possible in principle even without EU accession).

Yes I believe that if Russia don't succeed at the end the EU and US will surely throw in money to Ukraine to help build back the city and the whole of destructions going on there. It is a pity that lives lost will not be regained and the Ukrainian fallen heroes won't come back but will surely be in remembrance in Ukraine. I urge the Ukrainians to be strong to wade away the enemies of freedom.

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Quote from: raidarksword on March 01, 2022, 09:11:07 PM

Both countries will suffer after the war, not just ukraine but also russia will have an economy crisis because of many countries starting to sanctioned russia. In this war conflicts the citizens of both countries will be much more affected.

I think it will depend a lot on how the war turns out. At the moment it looks like Russia will win sooner or later and place a puppet government, similar to the one in Belarus. Then Ukraine would have a bad day economically, just like Russia. However, if Ukraine wins (e.g. if the Russian people overthrow Putin) and Russia has to withdraw, Ukraine could experience an economic boom, especially if the EU decides to include Ukraine more in the European economic system (it is possible in principle even without EU accession).

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Quote

Both countries will suffer after the war, not just ukraine but also russia will have an economy crisis because of many countries starting to sanctioned russia. In this war conflicts the citizens of both countries will be much more affected.

Infant both Russian and Ukraine,it will take them some years before they can recover from their losses in this war situation that is going on their countries. Just 5 days the war has started, many people has loss their lives and properties and many companies has packed up because of the war that is affecting their workers and customers in the country. Inflation has started already in the both countries because war is the major thing that cause inflation to humanity. The two countries find it difficult to feed very well over 5 days the war has started between Russian and Ukraine which is seriously causing damages to their economy and education sectors because all schools in those two countries has been closed down few days ago for the safe of the students and staffs in the countries.

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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.

Nothing good comes out of war except very damaging aftermath, many infrastructures are being destroyed which on its own is a setback to the economy of the country in question, in addition to sanctions from various political and economic unions which will further damage the economy even more,
Putin is a hothead and I hope he realizes the depth of his action, he can decide to put an end to the war to prevent further destruction.

Russia is not the only crude oil producing country, in this situation, they don't have a choice but to go with other available alternatives.

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Quote from: gantez on March 01, 2022, 07:23:32 AM

Quote from: beerlover on March 01, 2022, 01:50:16 AM

They want to stop Nato from doing something? Well Nato will help Ukraine win the war.

Sorry here I don't think that NATO as an organization will be doing anything on that. In this Ukraine is not a member of NATO and this can't allow NATO to start any fight with Russia. They can protect the NATO state in the area. Ukraine can rely more on EU to help to tighten sanctions against Russia and for the main time EU is already giving out sanctions to Russia and the economy is feeling the impact. The Russian people have been blocked from many financial payment system and that is giving alot of queues in banks. Master and Visa card, Apple are all not giving service to Russia people.

The rate of sanctions being slammed at Russia has led to a serious meltdown of their economy. Going through the news as of recent and I noticed that their currency has even lost much of its value within a very short period, 1 Russian ruble is worth below one cent now.

And yes as you have said, Ukraine won’t be getting any much support from NATO since they are not a member of the organization yet, so they would only be getting supports such as the EU sanctioning the Russia as they are doing right now, and US has also sanctioned them too, which would definitely bring down their economy in so many levels.

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Both countries will suffer after the war, not just ukraine but also russia will have an economy crisis because of many countries starting to sanctioned russia. In this war conflicts the citizens of both countries will be much more affected.

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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.

That's unlikely, I believe that Putin wants Ukraine to be conquered because he wants the history books to tell that Russia was the origin and not Ukraine even though Ukraine existed far longer than Russia. I hope that the economic sanctions would be enough to make them stop this war.

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

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.

Not the whole EU, I think that some Scandinavian regions have already adopted towards green energy and slowly distancing themselves from using oil as a source of energy, I've heard of one EU country that have incentivize the ownership of an electric car although I forgot the name of that country but I am sure it's from Europe, and wouldn't some countries in EU be able to get their oil in Middle East or Africa?

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Quote from: dezoel on March 01, 2022, 01:39:30 PM

Quite funny how some people have been saying that Putin have planned this for long and he’s prepared for what’s coming, lol, this shows he has no plans at all. I guess he thought that the world relies too much on Russia, but that’s not true from what we are seeing right now, since there will always be alternatives.

I'm not sure but I've read somewhere that in the past several years, they're also about to do the same attack but has been stopped and delayed. But as for the plan, let's say that it's been planned by him, by them. However, they haven't foreseen the economic impact of what they've planned to do. Right now, the sanctions are pulling their economy down and it's really going to be hitting them very badly if they won't stop anytime soon. With what I'm seeing on their stand, it seems that they really aren't going to stop soon unless Ukraine has given them the favors and decisions that Russia is just waiting for.

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Quite funny how some people have been saying that Putin have planned this for long and he’s prepared for what’s coming, lol, this shows he has no plans at all. I guess he thought that the world relies too much on Russia, but that’s not true from what we are seeing right now, since there will always be alternatives.

Russia would be the one to suffer this the most, they are the ones that are being sanctioned and their economy would start taking the hit and would continue falling. The way I am seeing it, the world is solidly in support of Ukraine right now, so the best thing that Russia can do right now is to stop this invasion and not continue fighting.

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Not only the ruble but also the stock market, for example, has collapsed by 70% in the last days. If you add to this the massive drop in the value of the Russian currency, then shares have lost almost 97% of their value within a good week and a half. This is unprecedented in history and has not happened even during the most severe crashes. I would not have thought something like this possible, not at this speed.

Topic: Inflation hits Russia - page 3. (Read 604 times)