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Old 06-15-2021, 07:40 PM
DKM
 
Location: California
6,767 posts, read 3,855,314 times
Reputation: 6690

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Quote:
Originally Posted by mojo101 View Post
It used to cost 35 rubles to buy one US dollar,then it was 55 and now it is 71 rubles,will it ever go back to 35 rubles.
Only if Putin resigns and a caretaker government transitions to a real democracy. In other words, no.
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Old 06-15-2021, 10:02 PM
 
Location: Seattle WA, USA
5,699 posts, read 4,925,642 times
Reputation: 4942
Quote:
Originally Posted by DKM View Post
Only if Putin resigns and a caretaker government transitions to a real democracy. In other words, no.
But then again having a cheap currency has it’s perks too, makes it much cheaper to export products which is why countries such as China and Japan artificially keep their currencies so low which particularly explains why Japan is successful at exporting their electronics.
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Old 06-15-2021, 10:22 PM
 
Location: Russia
2,216 posts, read 1,021,420 times
Reputation: 946
Quote:
Originally Posted by mojo101 View Post
It used to cost 35 rubles to buy one US dollar,then it was 55 and now it is 71 rubles,will it ever go back to 35 rubles.
And what is it for?
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Old 06-16-2021, 02:43 PM
DKM
 
Location: California
6,767 posts, read 3,855,314 times
Reputation: 6690
Quote:
Originally Posted by Turist View Post
And what is it for?
It is for nothing. You accept being poor to keep Putin's thieving autocracy from being challenged. Anyone who exposes their stealing is put in prison or worse and you like it!

The people stealing from Russia's budget are not at fault, its all those foreigners on the other side of the planet!
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Old 06-16-2021, 04:04 PM
 
26,783 posts, read 22,537,314 times
Reputation: 10037
Quote:
Originally Posted by DKM View Post
It is for nothing. You accept being poor to keep Putin's thieving autocracy from being challenged. Anyone who exposes their stealing is put in prison or worse and you like it!

The people stealing from Russia's budget are not at fault, its all those foreigners on the other side of the planet!
And who keeps Ukrainians poor, do tell us please DKM...
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Old 06-16-2021, 06:41 PM
DKM
 
Location: California
6,767 posts, read 3,855,314 times
Reputation: 6690
Putin today declared there is no happiness in life. There is only a mirage on the horizon... Is he okay? Or just upset that he didn't get an invite to the white house or the G7.
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Old 06-16-2021, 06:53 PM
 
9,511 posts, read 5,438,768 times
Reputation: 9092
Quote:
Originally Posted by DKM View Post
Putin today declared there is no happiness in life. There is only a mirage on the horizon... Is he okay? Or just upset that he didn't get an invite to the white house or the G7.
Got a link to that?

He did make a statement I found interesting and why I definitely see where he's coming from on the things he does and people like him do.

He was asked about turning over power to someone else. He basically said it was hard considering his life and his fate is bound to Russia.

I know what he meant. I am a father. He's the father of modern Russia.
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Old 06-16-2021, 11:30 PM
 
Location: Russia
2,216 posts, read 1,021,420 times
Reputation: 946
Quote:
Originally Posted by DKM View Post
It is for nothing. You accept being poor to keep Putin's thieving autocracy from being challenged. Anyone who exposes their stealing is put in prison or worse and you like it!

The people stealing from Russia's budget are not at fault, its all those foreigners on the other side of the planet!
DKM why do you disappoint me so much? Or are there several people who write to you from your account? ))

Why do I need the ruble exchange rate at 35? ))
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Old 06-17-2021, 01:07 PM
DKM
 
Location: California
6,767 posts, read 3,855,314 times
Reputation: 6690
Quote:
Originally Posted by Turist View Post
DKM why do you disappoint me so much? Or are there several people who write to you from your account? ))

Why do I need the ruble exchange rate at 35? ))
The ruble falling in value by half means your purchasing power declining dear Turist. You don't see it that way if you make and buy in rubles, because on your side of the ledger it means rising prices in ruble terms only. If prices have not risen since the ruble was 35, then I am wrong. So which one is it?

It affects more than just Russians traveling abroad...

If you are an exporter of resources priced in dollars abroad, then it would not hurt you. Congrats if you own an oil well or gold mine, you are living well!
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Old 06-17-2021, 01:45 PM
 
Location: Russia
2,216 posts, read 1,021,420 times
Reputation: 946
Quote:
Originally Posted by DKM View Post
The ruble falling in value by half means your purchasing power declining dear Turist. You don't see it that way if you make and buy in rubles, because on your side of the ledger it means rising prices in ruble terms only. If prices have not risen since the ruble was 35, then I am wrong. So which one is it?

It affects more than just Russians traveling abroad...

If you are an exporter of resources priced in dollars abroad, then it would not hurt you. Congrats if you own an oil well or gold mine, you are living well!
The purchasing power of what? What products?Where are they produced?
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