Topic: The Russian Federation may be about to make a "Corralito" - page 3. (Read 851 times)

Sarcasm?
Russia is a very big country, if you were in Moscow, it does not mean that you were in Russia. Each territorial subject of the country has a completely different economic situation.But there are no problems with cryptocurrencies in Russia, because there are enough other problems in Russia now.

Because every day rather than looking a the window, hearing the birds, trying to cheer yourself up and think positively you're eating propaganda with a shovel for breakfast and you let yourself be overcome with hate against something you actually don't have a clue about.
That's why you come with BS like Ukraine will lose half of its territory by May, that's why you come with stupid as fuck things like Europe freezing and Europeans driving horses when last year alone Germans bought more cars than the whole of India.  Cars (excluding bikes that some uses to inflate their numbers, propaganda!).

In reality, everyone trusts the dollar because you know you can exchange it anywhere, you know the bonds will be paid, you know its value and you know that there is no way for the US to suddenly decided to peg it to some exchange rate that is completely useless, Zimbabwe, Venezuela, Russia style.
If anyone here would even remotely consider another currency to be better we would talk about BTC being worth x rubles, z yuans, y bolivars, but in reality, not even 1% would know those numbers while 101% know the price by heart in $. That's reality!


You obviously have no clue what Nato is, and just as a heads up, despite starting with NA is not the nationalist socialist worker's party.


And here comes the economic genius explaining to others how the economy works.
No, it doesn't work like that, when nobody trusts you in anything, just like here we're were all almost anonymous in order to do business you need escrow and collateral, if you want to access funds poeple need to know you're solvable, and keeping your gold and assets in some radioactive lake in Siberia is no escrow. That's why in order to get western financing Russia was so desperate on having they agreed to have all those assets in European and American banks.

But that's not a thing they teach you at the 8 AM let's hate the west propaganda morning tutorial for brainwashed zombies.

This is the kind of absolute nonsense a country has to deal with when they don’t ban together and force a regime change where there would be free and fair elections.  This all really comes as no surprise and of course taking all this in this clearly shows how important bitcoin is and being borderless where your country is not able to dictate like this is extremely important.

I agree with your statement. The United States is able to sell tens of trillions of USD worth of debt to foreign nations, at extremely low interest rates. I don't really understand this addiction towards United States treasury bonds, even from nations that are hostile towards the Americans, such as China and Russia. And Russia found out the hard way, after their assets got frozen by the NATO. They should have converted their USD denominated assets to gold or some other physical asset long back. And it was not that hard. Russia produces around 300 tonnes of gold every year.

Believe me, if he lives in the RF, he does not have better information about anything, particularly about anything happening in the RF.

I would guess that getting cheap interests on trillions of dollars worth of debt is not "misusing" at all, they are using it exactly how it should be used for them. It is the other nations that allow them to do that, so it is wrong for those nations, and if they do not accept it then they would not be getting such a bead deal.

You want to really screw with USA? Go work with China. Sure China is not a good nation at all, weirdly enough one of the only few nations that could be considered worse than USA, which is rare because there are so few of that. But then USA would realize their mistake and would recover their relation with you for sure in that case, just so you would stop working with china.

OK.. since you are residing in Russia, you maybe having access to better information. For me it is confusing, because I have heard about contradicting news regarding the status of Bitcoin in Russia.


The United States is misusing the position of USD as the global trade and reserve currency. This position enables them to take loans worth trillions, at extremely low interest rates. In short, US is getting rich at the expense of other countries (who use USD for international trade). But there is no alternative available as of now. Other fiat currencies (including EUR and CNY) are even more prone to inflation when compared to the USD. I would prefer a decentralized currency such as Bitcoin, but only two countries have made it legal tender till now.

The territorial composition of Russia includes not only republics. More details on this page.
http://kcbux.ru/Statyy/ZA_zizny/za-016_karta-RF.html
I have said many times that it is not worth reading news about draft laws in Russia, because they change very often.
In Russia, large shadow markets, exchangers operate in all major cities.

If he had only looked at the date, he would have seen that it is a "news" from February 10 of this year. In other words, a garbage article from an unreliable site to say the least, and on top of that he puts the link here boasting as if it were breaking news.

This is not accurate. Bitcoin is not a legal tender anywhere in the Russian Federation (including the 22 constituent republics). Just yesterday the Roskomnadzor blocked access to Bits.media, which is one of the most popular crypto news websites in Russia. And the Duma is about to vote on a bill, that will prohibit the usage of Bitcoin for making payments. Bitcoin miners also need to prove that they are converting their mined coins to fiat currency inside Russia (they can only exchange BTC for foreign currency).

https://dailycoin.com/russia-will-approve-bitcoin-as-legal-currency/

Sweet!  I could use a barge full of diesel and JP4 for my yacht and airplane.  I plan to tour the world laughing at all the cold hungry idiots who got taken by the climate scammers and hit with Biden's energy hikes, food shortages, and etc.

In other words, the USA is shooting itself in the foot. Who would have thought it. Just to think that Gaddafi was killed for wanting to sell oil in Euros. And Saddam Hussein the same. There you have the weapons of mass destruction.

Here in India, some of the private companies are already importing Russian crude oil and coal by making the payment in Chinese Yuan and UAE Dirhams. They can't pay the Russians in Euros or USD due to the sanctions. As a result Chinese Yuan is now increasingly being used for international trade involving Russian commodities. Hardly anyone prefer the Ruble right now, because of its volatility. Some of the companies explored the possibility of making the payments using the Indian Rupee, but the Russians were not interested.

Heard in my local new that Russian asked the buyers to pay in Ruble. But I am sure USA will not let this happen as the world follows the petrodollar rule.
If the world starts paying in Ruble than surly the Ruble will get strength which is not what EU and USA would want. But whatever the situation is Russian economy will not collapse that is for sure.

Most people may have some hard time digesting the conversation here, well – let me throw some more light into what we are talking about. Corralito was actually the informal name for the economic measures that were taken by the Argentine government to limit the level of cash withdrawals in the country to around 250 Argentine peso in a week. But this in no way did not affect the transfer of money using electronic means, and neither did it disrupt the use of credit and debit card for payments.

At one point, I actually felt that something else was responsible for the strengthening of the rouble. And as a matter of fact, the combination of sanctions, which tanked imports, and Russia’s commodity exports, which were actually boosted by very high and uncomfortable prices, gave the ruble its further upward momentum. Russia also demanded European nations pay for natural gas in rubles, at this point, a lot of things got messy.

But with the aim of wanting to support the currency, the Russian government made a claim of pegging it to 1 gold.

This is not an attempt to restrain the outflow of capital, it is made easier - a ban on foreign exchange transactions and that's it - you won't be able to take out much in suitcases, if at all you can take it out.
The problem is the collapse of the Russian economy. All these fakes of theirs that they fed the world with - the second most powerful army in the world, a stable and strong economy, the whole world depends on Russia, etc. nonsense, were on the air so massively and for a long time that they themselves believed in it. But the reality turned out to be much more deplorable - a backward resource economy, a primitive army, which, in fact, was stopped by the small and underarmed army of Ukraine, and not only stopped, but also forced to cowardly flee back to Russia and Belarus! And the economy without a currency - does not work in Russia - they are dependent on Western technologies in almost everything, and if they are sold, then only for currency - no one needs a fake ruble with a fake exchange rate. And you also need to feed and support the collapsing and losing army and security officials (the National Guard, the Ministry of Internal Affairs, the FSB) - otherwise who will protect the miserable likeness of the Kremlin Fuhrer from the people? In a year we will return to this issue, I'm sure everyone will already talk about Russia in the past tense

I can't speak for everyone, but in Italy the exporters are sure to be fucked up.

The suffering of the Russians increases and with them the suffering of the world because of this stupid war on Ukraine. The Russian leaders insist on their stubbornness and continue in this war that has brought ruin and destruction to all. The economic sanctions imposed by the West cause suffering to the Russians. In return, the Ukrainian war causes suffering to the rest of the world, who are suffering in the first place People, not governments, so turning to Bitcoin may be the solution to get rid of these new restrictions that are being imposed and are increasing every day.

At the beginning of the year, gasoline prices in Russia fell by about 7-10%.
Do you know why wages are so low in Russia?
The lower the costs in Russia, the more profit foreign companies receive, which buy cheap raw materials in Russia.

The increase in the price of fuel in dollars and euros is due to the fall in the value of the dollar and euro against the ruble. If you scroll down a little on your link, there is a graph of the price of fuel in rubles and it has not changed much over the year (AI-95 + 1.27%, Diesel + 9.3%, LPG -19.11%).