RUSSIAN Ruble Collapse is Damaging Russian Economy as Import Costs Raise Inflation & Interest Rates

Please Support The Channel:
YouTube Super Thanks (click below)

In this video I look at the recent performance of the Russian Ruble against the US Dollar, Chinese Yuan, Indian Rupee & the Euro and discuss the implication of the COLLAPSE in value on the Russian Economy.

For specific details please check out the CHAPTER list below.

Thanks for watching and please LIKE and SUBSCRIBE.

If you like this video and are would like to buy me a coffee please click the link below. THANK YOU it is very much appreciated.

Chapters:
0:00 Intro
3:03 US DOLLAR
6:57 EURO
8:39 YUAN
9:54 INDIAN RUPEE
11:28 INFLATION
14:44 INTEREST RATES
16:02 SUMMARY & CONCLUSION

#russia
#ruble
#rouble
#ukraine
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3

[sony]

It's no brainer that the Ruble is in trouble but Putin is putting up a brave face and act that everything is normal .

[NimbusBrain]

First off, you already know that those that try to say the ruble is doing just fine are either Russian assets or Russian bots. Second, if anyone claims there are no issues with the ruble, then let that person show the receipts on how much they have invested in the currency to date. My guess is that the number will be zero.

[TheGruntski]

This post by Joe really underscores the IMF report on the damage being caused by Putin's wartime economic footing. Inflation at 7%, interest at 16% and almost all Russian federal investment going into weapons instead of the economy is a disaster.

[PlanetFrosty]

Russia’s war economy is beginning to crack sooner than predicted by many analysts. Great report, Joe!😊

[daved.]

I've stopped using the Ruble since I discovered that Aldi's toilet paper is far kinder to my 'behind'. I guess it is still good enough for the Orcs, though!

[frank]

What would put a smile on my face is to see Putin in the dock facing his crimes against humanity.

[taghipoorrahim]

As iranian, I ask those guys which wrote about ruble being strong in comments are willing to exchange their dollar with 100 ruble right now so when joe is wrong you can be rich? Answer is nada.

[patrickhiggins]

The ruble should be renamed the rubble.

[johnwinkler]

If you throw a ruble note in a rubbish bin, the rubbish in that bin is actually becoming dirtier.

[anv_bis]

Something that Russia and China fail to understand is that you cannot keep afloat, a ship that's missing half of its hull by bailing out the water with a bucket. You can only delay the impending disaster.

[rmdomainer]

In walks 500 troll accounts, operated by 5 guys, none of them will be able read a chart.
I recall with special fondness the ones I have encountered before that actually inverse the chart in their minds, believing the rubble got stronger
🤣

[gogrape]

A single square of toilet paper is worth more than a ruble...

[RandomDudeOne]

Must really suck for Russian exporters to be forced to convert their revenues to Rubles knowing its value will continue to decline.

[taltracyn]

Thanks Joe but you won't stop the russian bots and the copelords from saying the ruble is doing well.

[wilderbeestmcc]

Even Russian companies are not loyal the the “Motherland”……😂👍🇬🇧

[IIcculus]

What are you talking about? The Rubles doing really well. Lol. It is not. You are correct. Keep up the good work.

[brawndo]

Ruble: Collapses.
Tucker: Look how many groceries I can buy 🙉

[danielwalther]

I've never been so anticipating cracks in any façade.

[Azinovevaaa]

Great video. Regarding the dip in the inflation rate in March 2023… If the graph is showing year over year change, then it makes sense. The war started at the end of February 2022, therefore the biggest shock for Russian economy was in March 2022. February 2023 would therefore be much worse than February 2022, a month mostly unaffected by the sanctions. Meanwhile, March 2023 is being compared to one of the worst months for Russian economy (March 2022). Any increase in inflation is gonna be bad in this situation.

[ProfezorSnayp]

Soon the value of the ruble, the dollar and the pound will equalize.

Meaning, one pound of ruble will cost one dollar.