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Topic: Russian Ruble drops 12% in one day. - page 2. (Read 6539 times)

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
December 24, 2014, 12:53:43 PM
#64

Well, it's easy to understand. They are the successful Russians who have escaped to live a better life and who dislike Putin (actually, they don't talk much about it any longer), and there are the poor Russians who cannot escape, and who suffer everyday because of Putin's failure regarding economics growth and job creation. The amazing part is that all those poor Russians shall dislike Putin, but they still like him. They live poorly but something immaterial, unreal, a spiritual invention, their country (!), stays relevant a little while longer. I'm ashamed by my citizenship, and I would be much ashamed too if I were Russian.



As I got you are living not in Russia. So, how do you know what Russians feel, what they think, e.t.c.? Why do you believe that your point of view is the only one deserving to follow? Of course, you have the right to have your own opinion about Russia based on any sources of information you like, but don't speak for Russians because you have no idea.

P.S. You can run away from economic problems, regime, whatever. The only thing you can't run from - yourself.

Running from myself? I don't understand that. People need to run from oppressive regimes, and that's what I did, like my few Russian friends. Everything's nice since then.


You see, you can't understand the simple thing that every Russian knows!

Please explain, then.
I guess both of us are not native English speakers, and "running from oneself" is not something meaningful to me. Or do you think about people with psychological, or identity problems, like some immigrants trying to mix with locals in their new country, but who can't, because of their skin color, or whatever?

I'm not like that. I'm a simple guy, no identity or psycho problems.
hero member
Activity: 574
Merit: 523
December 24, 2014, 08:45:28 AM
#63

Well, it's easy to understand. They are the successful Russians who have escaped to live a better life and who dislike Putin (actually, they don't talk much about it any longer), and there are the poor Russians who cannot escape, and who suffer everyday because of Putin's failure regarding economics growth and job creation. The amazing part is that all those poor Russians shall dislike Putin, but they still like him. They live poorly but something immaterial, unreal, a spiritual invention, their country (!), stays relevant a little while longer. I'm ashamed by my citizenship, and I would be much ashamed too if I were Russian.



As I got you are living not in Russia. So, how do you know what Russians feel, what they think, e.t.c.? Why do you believe that your point of view is the only one deserving to follow? Of course, you have the right to have your own opinion about Russia based on any sources of information you like, but don't speak for Russians because you have no idea.

P.S. You can run away from economic problems, regime, whatever. The only thing you can't run from - yourself.

Running from myself? I don't understand that. People need to run from oppressive regimes, and that's what I did, like my few Russian friends. Everything's nice since then.


You see, you can't understand the simple thing that every Russian knows!
sr. member
Activity: 378
Merit: 250
December 23, 2014, 06:34:35 PM
#62
actually russia converting all of its value in gold and all of its earnings in gold (russia is the first world owner of gold). In this time if America wants to buy Oil from Russia must pay only in Gold, or in US dollar (and then Russia convert instantly in Gold). If I'm not wrong, China actually is doing the same thing.
legendary
Activity: 1386
Merit: 1009
December 23, 2014, 04:30:33 PM
#61
Quote
Very nice of yours to compare Russia with France, one of worst performing countries. How about comparing it with Germany or the UK? Or Switzerland? There are many rich Russians there, too.
That's exactly what I expected from you. While France was chosen because of your reference to French Riviera, it doesn't matter what country to compare to, it still invalidates your claims.
What about unemployment that recently declined to records, with labor shortages economy wide? What a failure on job creation.

Quote
Running from myself? I don't understand that. People need to run from oppressive regimes, and that's what I did, like my few Russian friends. Everything's nice since then.
People need to do what's best for them. For some that may be "running from oppressive regimes", but that's not the only option. It can be nice in Russia, it mostly depends on you.
legendary
Activity: 2730
Merit: 1288
December 23, 2014, 04:03:46 PM
#60
You all need to understand Russian economy was boosting in last 10 years, they had no real crisis as half Europe had almost whole time. And USA had few years. Fighting against whole world is hard. Lucky for Russia country is huge and they are quite self sufficient, but as no one can be fully.


As i read in this thread. Yes. Maybe Russia will make revolution and working class will overthrow capitalistic oligarchy and for a communist state.  MAybe Russia will become new China one day.

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
December 23, 2014, 02:19:01 PM
#59

Well, it's easy to understand. They are the successful Russians who have escaped to live a better life and who dislike Putin (actually, they don't talk much about it any longer), and there are the poor Russians who cannot escape, and who suffer everyday because of Putin's failure regarding economics growth and job creation. The amazing part is that all those poor Russians shall dislike Putin, but they still like him. They live poorly but something immaterial, unreal, a spiritual invention, their country (!), stays relevant a little while longer. I'm ashamed by my citizenship, and I would be much ashamed too if I were Russian.



As I got you are living not in Russia. So, how do you know what Russians feel, what they think, e.t.c.? Why do you believe that your point of view is the only one deserving to follow? Of course, you have the right to have your own opinion about Russia based on any sources of information you like, but don't speak for Russians because you have no idea.

P.S. You can run away from economic problems, regime, whatever. The only thing you can't run from - yourself.

Running from myself? I don't understand that. People need to run from oppressive regimes, and that's what I did, like my few Russian friends. Everything's nice since then.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
December 23, 2014, 02:15:49 PM
#58
Well, it's easy to understand. They are the successful Russians who have escaped to live a better life and who dislike Putin (actually, they don't talk much about it any longer), and there are the poor Russians who cannot escape, and who suffer everyday because of Putin's failure regarding economics growth and job creation. The amazing part is that all those poor Russians shall dislike Putin, but they still like him. They live poorly but something immaterial, unreal, a spiritual invention, their country (!), stays relevant a little while longer. I'm ashamed by my citizenship, and I would be much ashamed too if I were Russian.
It's no surprise you keep spreading your propaganda bullshit as you don't know a fuck about Russia. Let's educate yourself before making bold statements.
Quote
failure regarding economics growth

Quote
failure regarding [...] job creation


Not to say that those moving to French Riviera must have earned enough money in Russia in the first place. Must've been not as bas a place to earn money despite all the "Putin's falures"?

Very nice of yours to compare Russia with France, one of worst performing countries. How about comparing it with Germany or the UK? Or Switzerland? There are many rich Russians there, too.
legendary
Activity: 1386
Merit: 1009
December 23, 2014, 03:06:43 AM
#57
Well, it's easy to understand. They are the successful Russians who have escaped to live a better life and who dislike Putin (actually, they don't talk much about it any longer), and there are the poor Russians who cannot escape, and who suffer everyday because of Putin's failure regarding economics growth and job creation. The amazing part is that all those poor Russians shall dislike Putin, but they still like him. They live poorly but something immaterial, unreal, a spiritual invention, their country (!), stays relevant a little while longer. I'm ashamed by my citizenship, and I would be much ashamed too if I were Russian.
It's no surprise you keep spreading your propaganda bullshit as you don't know a fuck about Russia. Let's educate yourself before making bold statements.
Quote
failure regarding economics growth

Quote
failure regarding [...] job creation


Not to say that those moving to French Riviera must have earned enough money in Russia in the first place. Must've been not as bas a place to earn money despite all the "Putin's falures"?
sr. member
Activity: 406
Merit: 250
AltoCenter.com
December 22, 2014, 11:06:56 PM
#56
RUSSIANS tried their rocket towards economic independence, and the fuel ran out. Now, they are back to square one with Bitcoin.
hero member
Activity: 574
Merit: 523
December 22, 2014, 10:01:37 PM
#55

Well, it's easy to understand. They are the successful Russians who have escaped to live a better life and who dislike Putin (actually, they don't talk much about it any longer), and there are the poor Russians who cannot escape, and who suffer everyday because of Putin's failure regarding economics growth and job creation. The amazing part is that all those poor Russians shall dislike Putin, but they still like him. They live poorly but something immaterial, unreal, a spiritual invention, their country (!), stays relevant a little while longer. I'm ashamed by my citizenship, and I would be much ashamed too if I were Russian.



As I got you are living not in Russia. So, how do you know what Russians feel, what they think, e.t.c.? Why do you believe that your point of view is the only one deserving to follow? Of course, you have the right to have your own opinion about Russia based on any sources of information you like, but don't speak for Russians because you have no idea.

P.S. You can run away from economic problems, regime, whatever. The only thing you can't run from - yourself.
legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
December 22, 2014, 07:22:24 PM
#54

My last time in Russia was 4 years ago, and I'm not familiar with Russian politics, so I can't talk about the options. ...

You don't have to be physically present in Russia to understand the situation. All you need is a very basic knowledge of politics/foreign affairs + common sense.

If you think that it's possible to replace Putin's crew with some other option who will make everyone rich, happy and yet maintain Russia as an independent/relevant force - then you must be very young or just very naïve.

There are no 'good guys' in high level politics.
 
You should ask the Russians living on the French Riviera or in London what they think of Putin, it's only the poor uneducated peasants who support him.

You don't make much sense here. How come the masses of poor peasants support Putin? Following your logic, they should be the ones who hate him the most. And yet he has more support that the vast majority of western leaders could ever dreamed of.

Why should I ask Russians from French Riviera or London? How are they better than any other Russians? Are you referring to the rich Russians, related to opposition, who fled their country?


Well, it's easy to understand. They are the successful Russians who have escaped to live a better life and who dislike Putin (actually, they don't talk much about it any longer), and there are the poor Russians who cannot escape, and who suffer everyday because of Putin's failure regarding economics growth and job creation. The amazing part is that all those poor Russians shall dislike Putin, but they still like him. They live poorly but something immaterial, unreal, a spiritual invention, their country (!), stays relevant a little while longer. I'm ashamed by my citizenship, and I would be much ashamed too if I were Russian.

legendary
Activity: 3066
Merit: 1047
Your country may be your worst enemy
December 22, 2014, 07:06:54 PM
#53

How does the actual Russian government help the average Russian?

Quote
I was in Greece recently, and there were plenty of Russians who were just like me: they hate their country, and they don't want to go back there. That was before the slide of the currency...


I am sorry for you that you have to hate your own country. As for Russians you have met, I can tell you: "to change the World first change yourself". The same applies to you. Just ask yourself: "What I did to make my country better?".
 

That's exactly what I did. I've changed myself since I've left the country where I was born, all for the better. Just like the Russians I've met.
Enjoy life, and don't waste it trying to save dying organizations.
legendary
Activity: 1582
Merit: 1064
December 21, 2014, 12:40:31 PM
#52
This is because of oil prices.

Maybe.  Oil industries make up a substantial part of the Russian GDP (13.9% in 2012).
it is likely a combination of the price of oil dropping and economic restrictions the US (and other countries) has put on Russia in response to the situation in the Ukraine.

Oil prices have fallen by more then 50% in the past few months. This would translate to a more then 7% decline in the Russian GDP which is no small decline and is plenty of a reason for their currency to go into a free fall

The sanctions by EU have hit Russia harder than the sanctions by Europe.
Europe is one of the largest trading partners of Russia.
full member
Activity: 153
Merit: 100
December 20, 2014, 01:01:33 PM
#51
If I'm not wrong actually Russia selling its ruble in way to collect gold. Keep mind that russia actually is the richest gold owner of the world. So, Ruble is only paper  Grin
sr. member
Activity: 350
Merit: 250
December 20, 2014, 12:09:29 PM
#50
Oil down by 50% does not mean oil industry is down by 50%. There are refineries and transportation of oil is big part. The fees there remain constant. So the decline will be smaller than 7% (not to mention cheaper oil is stimulation for other parts of economy, e.g. tanks in Ukraine can go cheaper to Kiev Cheesy )
Russia primarily exports the oil it extracts overseas and needs to pay a somewhat fixed cost to transport it to other countries (as well as a fixed cost to extract the oil from underground). This means that it's total oil revenues are going to decline by more then 50%.
sr. member
Activity: 326
Merit: 250
Atdhe Nuhiu
December 20, 2014, 08:10:16 AM
#49
Oil down by 50% does not mean oil industry is down by 50%. There are refineries and transportation of oil is big part. The fees there remain constant. So the decline will be smaller than 7% (not to mention cheaper oil is stimulation for other parts of economy, e.g. tanks in Ukraine can go cheaper to Kiev Cheesy )
sr. member
Activity: 350
Merit: 250
December 20, 2014, 06:28:58 AM
#48
This is because of oil prices.

Maybe.  Oil industries make up a substantial part of the Russian GDP (13.9% in 2012).
it is likely a combination of the price of oil dropping and economic restrictions the US (and other countries) has put on Russia in response to the situation in the Ukraine.

Oil prices have fallen by more then 50% in the past few months. This would translate to a more then 7% decline in the Russian GDP which is no small decline and is plenty of a reason for their currency to go into a free fall
newbie
Activity: 30
Merit: 0
December 19, 2014, 09:57:46 AM
#47
I like how the Russians came in and made all the Americans look like sheep for spitting out things they read that were simply not true.  Roll Eyes

Good times. I thoroughly enjoyed it.
legendary
Activity: 2436
Merit: 1561
December 19, 2014, 06:15:43 AM
#46

My last time in Russia was 4 years ago, and I'm not familiar with Russian politics, so I can't talk about the options. ...

You don't have to be physically present in Russia to understand the situation. All you need is a very basic knowledge of politics/foreign affairs + common sense.

If you think that it's possible to replace Putin's crew with some other option who will make everyone rich, happy and yet maintain Russia as an independent/relevant force - then you must be very young or just very naïve.

There are no 'good guys' in high level politics.
 
You should ask the Russians living on the French Riviera or in London what they think of Putin, it's only the poor uneducated peasants who support him.

You don't make much sense here. How come the masses of poor peasants support Putin? Following your logic, they should be the ones who hate him the most. And yet he has more support that the vast majority of western leaders could ever dreamed of.

Why should I ask Russians from French Riviera or London? How are they better than any other Russians? Are you referring to the rich Russians, related to opposition, who fled their country?

12% in one day? That deflation will surely cause Russia to fall deep into trouble economically. Surprised I haven't heard anything about this on the news.

It was all over the news worldwide, how could you miss that? And think it hit 20% on that day at some point.
sr. member
Activity: 448
Merit: 250
December 19, 2014, 05:01:14 AM
#45
12% in one day? That deflation will surely cause Russia to fall deep into trouble economically. Surprised I haven't heard anything about this on the news.

oh its been on the news alrite! Even non business news was talking about how Apple stopped selling their stuff because of the currency move.

http://www.wired.com/2014/12/apple-russia/

http://www.bbc.com/news/business-30512079

http://www.euronews.com/2014/12/17/russian-rouble-rebounds-slightly-but-remains-volatile/

http://money.cnn.com/2014/12/17/news/economy/russia-economy-debt-default/index.html?iid=HP_Highlight

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