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

[aftershavedave]

In that yahoo graph above, the cliff-edge recoveries are presumably interventions, which are not working

 

[Surport Local Team]

What's great it's the same looking graph verses indian rupee, chinese yuan and euro. So all the oligarchs can not be happy as they watch there wealth drop significantly lol

 

[sparkie]

Will this ruble collapse end Putin ?

 

[happypig]

Knowing little of these things, is there a point at which the Russian economy suddenly collapses or is it a slow, inevitable decline ?

 

[beefypigeon]

Great video, thanks for sharing!

 

[Eric the meek]

Will this ruble collapse end Putin ?

That's the $64 million question.

Or the 64 billion, trillion, decillion ruble question.

 

[aftershavedave]

Knowing little of these things, is there a point at which the Russian economy suddenly collapses or is it a slow, inevitable decline ?

It collapses when market forces continue to drive down value and the Russians (or allies) can't afford to support. That's when things get interesting, and the slide will accelerate in that scenario, but at the moment it's pulled back again. Interesting to see what happens next

 

[Surport Local Team]

If anyone has doubt if putin would want more, he is doing the exact same play book in Georgia. Take some land then the rest if it at later date. He thought he would take ukraine in a couple of weeks then Georgia, Moldova etc

 

[Mackenzie]

Will this ruble collapse end Putin ?

It won’t help his war effort, any weapons he imports have got 8% more expensive in the past few hours. The powerful oligarchs are losing wealth at an alarming rate, the Russian population will be finding that food will be more and more expensive in the shops. It increases the pressure on Putin from within Russia.

 

[Triggaaar]

In that yahoo graph above, the cliff-edge recoveries are presumably interventions, which are not working

It'll often just be like a standard commodity, where people will think it's fallen enough and may recover a bit. Things rarely fall without any bouncing back along the way.

 

[aftershavedave]

It'll often just be like a standard commodity, where people will think it's fallen enough and may recover a bit. Things rarely fall without any bouncing back along the way.

Yes, I agree but those recoveries are fairly sudden. Things have stabilised a little for now, maybe 115 was a redline

 

[Triggaaar]

Yes, I agree but those recoveries are fairly sudden. Things have stabilised a little for now, maybe 115 was a redline

It wasn't just going to fall infinitely today, so at some point it had to stop.

 

[GoldstoneVintage]

Why does the bullshit, blatant propaganda claim that Biden is planning to give nuclear weapons to Ukraine being repeated in the mainstream media?! I hate the uncritical way that so-called journalists basically say 'Putin says...' and call that news.

 

[raymondo]

Why does the bullshit, blatant propaganda claim that Biden is planning to give nuclear weapons to Ukraine being repeated in the mainstream media?! I hate the uncritical way that so-called journalists basically say 'Putin says...' and call that news.

Agree totally. There's a difference between being objective in reporting and being stupid...and a lot of our media don't get that.

 

[Mackenzie]

109 to 113 in a couple of minutes. Really wild swings at the moment.

 

[aftershavedave]

109 to 113 in a couple of minutes. Really wild swings at the moment.

I think there's an element of profit-taking but also that interventions aren't working. The sentiment is for further falls I reckon

 

[Eric the meek]

109 to 113 in a couple of minutes. Really wild swings at the moment.

You wouldn't have thought anyone would be holding that many virtually worthless rubles, to be able to sell them, to achieve a swing of that magnitude, would you?

 

[aftershavedave]

You wouldn't have thought anyone would be holding that many virtually worthless rubles, to be able to sell them, to achieve a swing of that magnitude, would you?

There is an obvious candidate, the russian central bank, and possibly other allies are buying rubles, and then the slide continues anyway

 

[Mackenzie]

You wouldn't have thought anyone would be holding that many virtually worthless rubles, to be able to sell them, to achieve a swing of that magnitude, would you?

Well there are some very wealthy individuals, and organisations, with links to Russia. I guess someone is doing alright out of this somewhere.

 

[Eric the meek]

There is an obvious candidate, the russian central bank, and possibly other allies are buying rubles

A swing from 109 to 113 was a sell trade, not a buy.