[Politics] Russia invades Ukraine (24/02/2022)

[BenGarfield]

But Russia can run out of reserves, which it uses to periodically buy rubles to prop up the currency. I know what you're saying - that Russia can just print more rubles. Yes, it can. But that brings its own problems; the more you print, the less it's worth in terms of what it buys.

It is entirely possible that this is what Putin will insist the Bank of Russia does. Or he may have a cunning plan. Did you see him hand Elvira Nabiullina a false 'BRICS' currency banknote at the recent BRICS conference?

Don’t agree. Reserves? What reserves? Why would it need them as the producer of the “reserves” in the first place. They should control inflation by taxation and other fiscal measures, also by issuing national savings to take money out of the economy which appears to be overheating, but definitely not by high interest rates which actually have an inflationary effect despite the monetarist orthodoxy.

 

[Eric the meek]

Don’t agree. Reserves? What reserves? Why would it need them as the producer of the “reserves” in the first place. They should control inflation by taxation and other fiscal measures, also by issuing national savings to take money out of the economy which appears to be overheating, but definitely not by high interest rates which actually have an inflationary effect despite the monetarist orthodoxy.

What reserves? The £600bn reserves that Russia built up prior to the invasion, in anticipation of sanctions. I'm not saying their actions are correct. I'm just reporting on what they're doing. Elvira Nabiullina, governor of the Bank of Russia, has hinted that their base rate will rise again before year-end. Don't shoot the messenger!

Edit: $600bn. Half of which was frozen by the west.

 

[raymondo]

Just hope it’s another massive mis judgement by Putin that pisses of Trump so much that he arms Ukraine to the hilt. Alternatively Putin may be acting like this to strengthen Russia’s support from China, Iran etc.

Or maybe it’s all propaganda

It's true. We don't know if these moves were thought through at all and sanctioned by Putin - Russian leadership also unpredictable,and their whole machine is full of propaganda, so who knows.

 

[raymondo]

 

[fly high]

Russia hikes taxes.

TLDR: There are over 200 companies still operating in Russia. If they wish to sell up and leave, they can now take only 50% of the (market) price, and that 50% is now taxed at 40%. So they make f' all, and won't be going back to Russia. Some exiting companies' assets are seized by the state and nationalised. And then the receiving body is then taxed at 50% on the newly acquired assets.

The reason for all this of course, is that Russia is running out of money, and it needs to get more revenue from wherever it can.

Putin has totally screwed the Russian economy for many years to come

 

[Triggaaar]

Big mistake hiking interest rates that high in an attempt to control inflation as a result of their booming economy.

Their economy isn't booming, it's knackered. Don't be mislead by their high gdp which is die to the government being the customer of everything they produce.

 

[Triggaaar]

Don’t agree. Reserves? What reserves? Why would it need them as the producer of the “reserves” in the first place.

Either your confusing money reserves with fuel reserves, or you're misunderstanding money.

 

[Eric the meek]

Their economy isn't booming, it's knackered. Don't be mislead by their high gdp which is die to the government being the customer of everything they produce.

Indeed. And what they do produce is single use, with a lifespan of 30 minutes after it's launched. Not much good for trading with.

 

[Eric the meek]

He's getting his scapegoats in early for the coming storm.

 

[raymondo]

Their economy isn't booming, it's knackered. Don't be mislead by their high gdp which is die to the government being the customer of everything they produce.

Exactly. It's a doom circle.

 

[peterward]

The mocking of Melania Trump, whatever you think of her and Trump, is unacceptable. It's as if Putin deliberately wants to scupper the peace talks before they begin.
It's a fundamental miscalculation.

I suspect he is dismissing the whole idea of peace, and peace talks. It may be that he is judging Trump by his own low standards, and therefore regards it as some kind of trap that must be swerved.

But surely at the very least, he wants the sanctions to be lifted? His country is running out of money, has runaway inflation, and a 21% base rate. He resides in his own universe.

The TV programme it was on with Olga Skabeyva and husband Yevgeny Popov is one of most watched on main kremlin controlled Russian channel.

There is no way this happened by accident or without approval imho

Personally I doubt it was simply just to humiliate Trump, though it may have done that?

My hunch, and it's nothing more than a hunch, is its a shot across the bows for Trump to pay attention.

We can air your Kompromat, dirty laundry videos on national TV too Donny boy.

 

[Eric the meek]

The TV programme it was on with Olga Skabeyva and husband Yevgeny Popov is one of most watched on main kremlin controlled Russian channel.

There is no way this happened by accident or without approval imho

Personally I doubt it was simply just to humiliate Trump, though it may have done that?

My hunch, and it's nothing more than a hunch, is its a shot across the bows for Trump to pay attention.

We can air your Kompromat, dirty laundry videos on national TV too Donny boy.

Yes, that had occurred to me. Russian diplomacy at its finest. There's no finesse.

The following is pure speculation. Let's assume your hunch is right.

If I understand the American psyche, they will already know about the Kompromat. They won't come out on the losing side. They will use the Russian gangster powerplays against them. They will use it to get Russia onside. For instance, they might give Putin what appears to be a 'pro-Russia' peace deal, so that it appears the Kompromat has worked, but, say, increase oil production, so the crashing oil price will destroy Russia's economy anyway.

It's not about who wins the first half. It's the score on the final whistle that counts.

 

[raymondo]

The TV programme it was on with Olga Skabeyva and husband Yevgeny Popov is one of most watched on main kremlin controlled Russian channel.

There is no way this happened by accident or without approval imho

Personally I doubt it was simply just to humiliate Trump, though it may have done that?

My hunch, and it's nothing more than a hunch, is its a shot across the bows for Trump to pay attention.

We can air your Kompromat, dirty laundry videos on national TV too Donny boy.

Possibly also to show to all of Russia the depravity of the West, highlighting once again that only Russia and their (warmongering) Orthodox Church can uphold strong values (of genocide).

 

[Eric the meek]

 

[raymondo]

Yes, that had occurred to me. Russian diplomacy at its finest. There's no finesse.

The following is pure speculation. Let's assume your hunch is right.

If I understand the American psyche, they will already know about the Kompromat. They won't come out on the losing side. They will use the Russian gangster powerplays against them. They will use it to get Russia onside. For instance, they might give Putin what appears to be a 'pro-Russia' peace deal, so that it appears the Kompromat has worked, but, say, increase oil production, so the crashing oil price will destroy Russia's economy anyway.

It's not about who wins the first half. It's the score on the final whistle that counts.

Do we know for sure that Russia has real kompromat on Trump, or is it still just speculation? I admit it's been talked about so much that it feels like fact.
There was a time when I hoped Russia does have kompromat on him, but now I'm rather hoping they don't. Very inconsistent of me .

 

[Eric the meek]

Do we know for sure that Russia has real kompromat on Trump, or is it still just speculation? I admit it's been talked about so much that it feels like fact.
There was a time when I hoped Russia does have kompromat on him, but now I'm rather hoping they don't. Very inconsistent of me .

I'm certainly not aware of anything that says Russia has real Kompromat on Trump. Only rumours. Allegedly.

 

[Triggaaar]

I'm certainly not aware of anything that says Russia has real Kompromat on Trump. Only rumours. Allegedly.

How can it ever be anything but rumours, until they release it?

 

[sparkie]

I don't know

The TV programme it was on with Olga Skabeyva and husband Yevgeny Popov is one of most watched on main kremlin controlled Russian channel.

There is no way this happened by accident or without approval imho

Personally I doubt it was simply just to humiliate Trump, though it may have done that?

My hunch, and it's nothing more than a hunch, is its a shot across the bows for Trump to pay attention.

We can air your Kompromat, dirty laundry videos on national TV too Donny boy.

Is Trump too thick to realise that he can just claim any videos are just Deep Fake News and that he will be blindly and unqestionably believed as usual ?

 

[Eric the meek]

How can it ever be anything but rumours, until they release it?

Depends whether the rumour is true or false.

If it's false, how can they release it? They can't, because there's nothing to release.

If it is true, then it can be released, so it wasn't just a (false) rumour after all.

Allegedly.

 

[Triggaaar]

Depends whether the rumour is true or false.

If it's false, how can they release it? They can't, because there's nothing to release.

If it is true, then it can be released, so it wasn't just a (false) rumour after all.

Allegedly.

What I said still stands. If it's not released, then it's rumours (regardless of whether the rumours are true).