RUSSIAN Ruble Crisis

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In this video I discuss the recent strengthening in the value of the Russian Ruble. Ordinarily an increase in the exchange rate would indicate that the underlying economy is also strengthening however the direct link between the currency and the economy has been broken in Russia as a result of the financial sanctions and the actions of the Russian Central Bank which has been supporting the value of the Ruble. One of the unexpected implications of the currency manipulation is that both Russia businesses and the Russian Economy are now suffering from falling ruble revenues and this is bad news for the Russian Economy.

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For specific details please check out the CHAPTER list below.

Chapters:
0:00 Intro
3:14 IMPORTS
7:08 EXPORTS
10:11 COSTS
11:09 2025 BUDGET
12:23 SUMMARY & CONCLUSION

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

[PiaStevenson-zm]

The real wages aren't being paid to civil servants and retired people. They must be having a difficult time surving.

[gregash]

The Ruble is like a poker chip in a bankrupt casino. It is a phantom currency with no function outside of Putin's in-house game. What little foreign currency is gained by non-sanctioned Russian companies must be surrendered to the Bank of Russia and exchanged for their worthless scrip. The Bank Russia could peg its currency at: 10 USD to 1 Ruble and it wouldn't make any difference in world trade. Russian crude and gas sells for a discount price in a dollar world, despite all the monetary gymnastics played by China and India.

[ProgressiveDemagogue]

America is buying its own treasury bonds, because nobody thinks America can pay back its MASSIVE debt. America 150% debt to GDP ratio, Russia 17%.

[SamiKotiranta]

Russian "official"data😂
It's just as trustworthy as Chinese "official" data which is cooked to perfection so Winnie the Pooh stays satisfied 👌

[TheGhostGuitars]

While the Ruble is "strengthening" due to the Russian Central Bank's manipulation of the relatively tiny Ruble supply in the FOREX, the Russian inflation rates are going up due to the excessively high Ruble supply in the Russian economy, especially in St. Petersburg and Moscow, from both the high liquidity available from the Central Bank loans and Moscow directly paying high rates to conscripted businesses making materials for the continuing invasion attempt of Ukraine. The flood of excess Rubles into the local economy combined with a low unemployment rates, low labor supply, increasing demand for increasingly more scarce consumable supply in a market that has more prople with more cash is whats driving up inflation. Its a castle made of cards if one element in the whole structure fails, the whole thing will collapse.

[arthurswart]

The St Petersburg street rate for the US$ came down from RB 212 in December 2024 to RB 188 today. Given the rising inflation and extreme interest rates I am surprised the RB managed to strengthen against the US$ in the only real currency market RU has.

[petramarishko]

Bananas were always good indicator for real dollar value in Russia. For many years one kilo of bananas was equal to one dollar in price. Well, If it is real correlation, real price of dollar now is around 160 ru.
And real inflation... I regularly buy one specific cottage cheese product. In three last months it's price had risen 25%. 😢

[Rocket_scientist_]

So many trolls (russian, for the most part) in here criticizing Joe for the videos he has posted claiming that the ruble is collapsing.

He addressed this in the video, russia has surprised everyone by prioritizing the artificial value of the ruble by selling off assets and buying rubbles, to make it SEEM like the rubble is healthier than it is. This is artificially propping up the ruble, and making it seem better off than it actually is.

The point is, nobody thought russia would care enough to waste money on this. It does nothing for the russian people or government, except perhaps spare putin some embarrassment that his country’s currency is no longer traded and would free fall (like it did in December) if the russian Central Bank wasn’t buying up these rubles that nobody else wants.

Joe didn’t expect it, nobody really did. But as long as russia is still waging war on Ukraine, the rubble will not be traded and it will continue to be a worthless currency.

[Bob-ndmr]

The changes in russia are yet to work through. Large payouts have been given to poor russian families especially in the east to get dad to sign up. Any collpse in the value of the Ruble will be felt acutely.

[AlexTorres-qvhv]

Joe just blew the dust on the videos uploaded 2 years ago....nothing has changed about the ruble since then so save your time😊

[daviddelgado]

The US shouldn't even think of lifting sanctions. Let the Kremlin appreciate the true value of peace.

[charlesjessico]

Russia is restricting the use of the ruble. Thus the exchange rate can be anything. What does that tell you? Nothing!

[verstapp]

>dust
when your 'concrete' is 99% sand - a chinese tofu dreg specialty.

[truthbsaid]

The Russian budget for 2025 is based on a Urals oil price of $70 USD/barrel. Unless it has been revised, it is obvious that budget deficits will happen for every single month of this year.

[TJ-ldbo]

“Oh, what a tangled web we weave, when first we practice to deceive.”

[HugoOneYT]

You're gonna have to do one on the dollar soon, it's crashing -2.3% against the euro today

[BobAbc]

The History of the Rubble, both recently and since the Tsars, does not inspire Confidence in it.

[Paolo]

In summary, Russia is manipulating the price of the Ruble.

[MrMinimanmatt]

O agree the Russian rubble is in trouble, but we keep hearing about the imminent collapse.
I would love for it to be true but it just feels like we are constantly told its going to collapse but it never does!

[Ralphieboy]

Remember when the Soviet Ruble cost $1.35?