Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank
Let them eat lead.
lets see if the central bank of Russia is still going to buy the ruble or if they have to because Putin said so. at this rate it does not matter how much Russia increases there Military budget it will keep going down anyway.
Let’s say some crazy person decided to just go and buy, let’s say, a million rubles, just for the sake of saying they’re a millionaire.
It is on a sinking course but it will eventually recover value. If time was of no concern, wouldn’t that person eventually make something out of it?
but it will eventually recover value
That’s a pretty bold assumption.
The war that country triggered is the work of a dictator but the country itself does not deserve obliteration.
The civilians don’t deserve it but their mafia state and its institutions definitely do.
Those. Not the civilians being held almost at a hostage situation
That’s called Forex, you’d have better luck with stocks.
For the giggles of it? I would. Do I have the cash? I don’t.
If your goal is to lose money, then that’s a great plan. There’s almost no chance that investment would ever beat the amount of money you’d make by investing in an s&p mutual fund
I don’t think you get anything if they end up defaulting, which is likely to happen.
Hopefully it’s not too late before Trump gets in to undo it all.
It’s good news that this is the result of new sanctions instead of insider trading over a nuclear strike decision.
Let’s say it how it is: it doesn’t matter if:
- Russia wins the war
- Russian citizens don’t feel the pain
- The West just continues treating Ukraine as a drone testing area
- Trump stops helping Ukraine
Nearly a third of Russia’s 2024 budget has been allocated to military spending, the highest level since the cold war.
While all of NATO’s military spending wobbles around 2% like there isn’t a war going on.
Don’t think just looking at the regular yearly budget covers everything spent in the context of that war (e.g. Germany’s special budget, EU-level spendings, etc.), but I agree there should be (even) more.
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The guardian doesn’t have a paywall
