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Biden's biggest blunder that nobody in U.S. is willing to mention.

Author: Eli (9555 Posts - Original UHND Member)

Posted at 12:43 pm on May 11, 2022
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This stupid "Ruble to rubble" talk is from his Poland speech which was watched by billions people all over the world. But it is becoming international joke that other countries are mocking about now.

Link: https://mobile.twitter.com/Forbes/status/1507774701376004103

Replies to: Biden's biggest blunder that nobody in U.S. is willing to mention.


Thread Level: 2

Not aborting Hunter?

Author: ColeyO (12511 Posts - Original UHND Member)

Posted at 1:31 pm on May 11, 2022
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(no message)

Thread Level: 2

Gold-based (real gold or black gold) Ruble now is stronger than before the war.

Author: Eli (9555 Posts - Original UHND Member)

Posted at 12:48 pm on May 11, 2022
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Today 1 USD = 67.2646 RUB
Russia won this round of financial war for sure.


Link: https://www.exchangerates.org.uk/Dollars-to-Russian-Roubles-currency-conversion-page.html

This message has been edited 1 time(s).

Thread Level: 3

Not really true

Author: Iggle (12616 Posts - Joined: Sep 14, 2007)

Posted at 1:31 pm on May 11, 2022
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Nobody outside of Russia can trade the Ruble now. Russia has taken steps (high interest rates, capital controls, requirement to repatriate foreign earnings by corporations into rubles, payment in rubles for Nat Gas) to ensure that there is no internal downward pressure on the ruble. There is no market, so the ruble is whatever they say it is...for now.

Thread Level: 4

They lowered interest rate on April when Ruble was 80/dollar. But Ruble became even stronger after

Author: Eli (9555 Posts - Original UHND Member)

Posted at 1:50 pm on May 11, 2022
View Single

their central bank rate-cut move. I believe they will lower interest rate again soon.

You can trade ruble if you have business (export or import) with Russia. Ruble is linked with and backed by real economic activities. Given current sanction situation, that's good enough for Russia. Yes, if you make living by trading foreign currencies, ruble is not in your portfolios. But clearly Ruble is stablized. Biden's prediction is a joke.


This message has been edited 1 time(s).

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