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submitted 1 day ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml
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[-] yogthos@lemmy.ml 3 points 1 day ago

I'm simply pointing out the idiocy here https://lemmy.ml/post/23076839

The reality is that Russians are not actually affected by this because pretty much nobody in Russia holds western currencies, and the domestic economy is largely self sufficient. The only context this matters in is trade, and Russia is a major exporter, which means that domestic revenue for the government goes up when rouble is weak. Hence why rouble gets intentionally depressed pretty much every years, and people always get really excited about it.

[-] Gloomy@mander.xyz 1 points 1 day ago

Most, as you put it, "experts" point to inflation as a consequence, but I know shit about economics and don't know the mechanism behind it.

https://www.newsweek.com/what-does-rubles-sharp-fall-mean-russias-economy-1992933

[-] yogthos@lemmy.ml 2 points 1 day ago

They just state inflation would be an outcome without actually explaining how that would happen. It's pretty clear these people are just parroting things without understanding them.

this post was submitted on 01 Dec 2024
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