634
Russian economy bad
(lemmy.world)
I think those are Hungarian banknotes.
Somehow I feel this meme wasn't supposed to be literal
I would be pretty Hungary too if all that money doesn't even buy a loaf of bread.
Looks like around 130000 HUF to me, so around 320 EUR and falling steadily.
Then take Turkey
Bruuhh thats hungarian forint and at this point we are also using monopoly money like the russians...
I so wanted to ridicule the ruble, but Forint is like the quarter of the value, still.
UPDATE: It's a bit hard to go through every pixel, but what you can see on the photo is about ~250K HUF which is the equivalent of ~600 euros.
Monopoly money.
Why do people think Russians care about the exchange rate with western currencies when Russia doesn't actually do any trade using them, and people don't hold them domestically?
Also, anybody with even a minimal clue regarding how economics works would understand that a weak currency is good for a commodity exporter since it converts to higher revenue in domestic currency.
Exchange rates don't mean much, if they did, the UK economy wouldn't be in the shitter and China's wouldn't be the big bad monster it's become in US media recently.
GDP adjusted for Purchasing Power Parity is what matters, and Russia is the 4th economy in the world under those metrics. It overtook Japan some months ago.
Maybe analyse why your corporate media wants you to simultaneously believe Russia has spent three years on the verge of collapse yet you need to send another hundred billion in weapons and fire them all right fucking now, Armageddon be damned.
The exchange rates matter for the specific case of global trade. If a country is primarily an importer then they want their currency to be strong, and if it's an exporter than having a weaker currency is better. PPP applies more in terms of the internal economy of the country.
If a country is largely self sufficient then its internal economy isn't going to be affected much by the value of the currency on the global market. This is precisely why Russian internal economy isn't severely affected by the value of the currency on the markets.
I agree, I was trying to add to your point. The "you" in my comment is addressed to Westerners who seem to uncritically internalize whatever their reddit feeds tell them.
Sadly, uncritically parroting nonsense seems to be the dominant form of discourse. This stuff isn't hard to understand if you spend even a few minutes to actually think through it, yet here we are.
It's been this bad before? That's funny too.
This literally happens every years, and people don't seem to notice a pattern apparently. Russian government gets more revenue domestically from doing exports with a weak currency.
It’s been worse before, but news of its impending demise was greatly exaggerated: Biden turned the ruble into rubble. Then it quickly came back. If anything’s been funny, it’s been the US’s/NATO’s overconfidence.
What about the US/NATO response do you find so amusing?
I didn’t say amusing, I said funny, as in weird. And the answer is their hubris.
What hubris? They did what they needed to in supporting Ukraine and it's been incredibly successful, given popular sentiment was Ukraine would fall within days of the invasion. Are you just going to ignore Russian hubris here, invading a giant sovereign nation and exposing the weaknesses in your military along the way? Lmao
Ah yes, such incredible success on display here lmfao https://www.bbc.com/news/articles/cn0dpdx420lo
Maybe making progress during year three of your three day special military operation isn't really something to celebrate.
The whole 3 day narrative came from the west. It's pretty hilarious that people keep parroting it today. Show me a single official Russian source ever saying anything of the sort. Meanwhile, here's an analysis from the Royal United Services Institute written by a person who actually has a clue. Happy coping https://rusi.org/explore-our-research/publications/commentary/attritional-art-war-lessons-russian-war-ukraine
I swear the more propagandized someone is the more confident. Do you still believe in the Ghost of Kyiv and that Putin is at death’s door as well? Or the Nayirah testimony or Hussein’s WMDs or Gaddafi’s Viagra army or Hamas’ raping spree?
I implore you to consider developing better media literacy.
Given that Russia could always go scorched earth on Ukraine with heavy bombing campaigns like NATO countries do on their targets, they could have made Ukraine "fall" within days if destruction was their aim. We should all be thankful that their approach has been less brutal and barbaric than those of the EU, UK, and US.
We are now seeing small-scale examples of what was always on the table re: the Ukrainian power grid. It could have been gone literally overnight at any point in the last 2+ years.
It has been clear for some time that the RF is resigned to a slow meat grinder for Ukrainian troops, as any real negotiations were taken off the table by Ukraine's real masters in the US and Europe.
you realise its gonna crash the moment russia opens its markets again, right?
What markets are you talking about? Its import/export markets? Its stock market?
Give them a minute they're going down the list of capital E Economic platitudes to say Russia is for realsies gonna collapse tomorrow and China the day after
Hey I noticed that you are also arguing with a Tankie admin and a Russian Z propagandist
please I beg of you to block them and move on or better yet call them out when you see them except on .ml grad or hex of course.
It might seem weird that I'm coming forward like this but I have gone through their post history and their behaviour is at best dogmatic.
In Russia we really like 50 Cent.
Or, as we like to call him, 2.5 Million Rubles.
Hungarians*
"Russians be like
1 Hungarians"?
Pretty sure that’s HUF.
It's gotta be fun to actually make it rain bills in the club, though.
Accurate. But you can't even practically spend it.
this post was submitted on 30 Nov 2024
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