@@joeordinary209 he takes 40% of their profits and political backing in exchange for wiping out their business competition. Since he's destroying their profits, if he's giving them gold to keep them cool, once his gold reserves run out they may string him up. Because if the gold he gives them doesn't match their profit margin from this disaster, it's a net loss. He's gotta be on narrowed time.
@@larzkruber822 brics??? I wouldn't hold your breath on relying on brics. Especially with Russia involved in it. Perhaps if Russia left brics, it could attract investors. And, any other anti west dictatorships. Notice, brics incorporates rougue states. Anybody thug can join. That's not appealing for the brics itself. There's a lot of propaganda outlets out there promoting brics, and that is from inside jobs from countries like Russia. Indirectly funded by Russia. I'd take it with a grain of salt
@@olmostgudinaf8100 He did do that. If Orange Hitler announced The Aristocratic Little Baron was learning Russian, how would that play in the US election? Not good, man. Not good.
Let me tell you the truth no one has the balls to attack Russia due to its geography. Currency doesn't impact that much to the oil based economy but there should be other currencies like trading for Europe it is euro,for the American continent it is us dollar also for the rest of the world but not enough for Asia. Indian people don't like western people due to its past colonial history but china is a real mother fucker who illegal occupied Indian land basically the main problem of Russia and China is the mentality of expansion otherwise in current scenario India,china,Russia can rule the world. Brics will be going to build the new trading currency that will be going to end the dominance of the dollar.
Are they still selling that 30 %? I would expect the loss to be ~100 %. Russian weapons are performing quite poorly. In addition, I would not trust Russia to deliver the weapons. I would pay only after the delivery. I think Russia needs currently all the developed weapons.
*nerd snort!* Aksooalee! That parable is told to show why Canute is known as "the Wise." A courtier told him that he was the greatest king in all the lands. The king bade his court to follow him to the beach. He commanded the incoming tides to recede, so that he could gather shells. It didn't. Turning to his court, he then said, "None is greater than God, not even me. Be humbled before His creation, for you do not rule it, but stand in stewardship of it. As do I." Edit: I think it got switched around by English romantics back in the 19th Century, but it was always a morality story, & even became a mummers' play at one point.
Interesting comment, is this a proverbial expression in English? I am a Dane, and am a little surprised by this about king Canute- in reality Canute the Great was quite successful in controlling both the North Sea, Skagerrak and parts of the Baltic Sea that was what kept his realm together. So quite ironic if there is a proverb about him not being able to control the sea 😉 But well I am going off on a tangent - great news and good that Putin is unable to keep the Rubble from being in rubbles
They can always buy Russia's oil with rubles. But the whole idea of dealing in their own currency is to help stabilize their own economy and currency, instead of Russia. Let's put it this way, Putin f*ck up big time! There's many ways of dealing with trouble neighbors, with words and sanctions, not with weapons & guns!
Another overlooked aspect is that Russia has been discreetly selling its gold reserves to China in exchange for currency. This explains the quarterly declines in China’s purchases of gold from the global commodity market, as this strategy helps lower gold prices slightly, allowing China to acquire Russian gold at a discounted rate.
I'm fairly sure Russia is also trading gold to Iran for weapons (missiles & drones) due to banking sanctions making direct exchanges incredibly difficult. It'd sure be a shame for something to happen to that bulk gold transfer shipment...
@@witchdoctor1394 Most gold bullion held by any country is in the NY Fed Reserve Bank. At one point after WWII, 3/4th's of the entire world supply was owned by the United States. It never physically left the vaults, since it was safer there than anywhere else on the planet.
@@witchdoctor1394 Shipments of Gold Bullion is always an interesting item to track and even intercept . would be interesting to know how much you can infiltrate such a transfer of gold bullion...a driver or a pilot might like a cut ? would be rewarding ? to "divert" it ? Switzerland is nice this time of year I am told ..stealing from thieves is risky but the police encourage it ...and even do a bit themselves.
@@gnrseanra9070 You can find books on that topic, on just about any university - it's very hard to give You a class, without make TH-cam running out of storage space.....
@@gnrseanra9070 Well China's total debt burden is bigger than the Wider Wests combined at 60 Trillion USD, The US government has a 37 Trillion USD debt but far more assets than China, although China regards it citizens assets as it's own as well but that's another argument between the CCP and it's citizens shortly!?!
In June 2014 before the Invasion of Crimea the Russian Ruble was 33 Rubles to 1 US Dollar ... Today the Russian Ruble is 93 Rubles to 1 US Dollar Looks like Something Collapsed but it was Not the US Dollar 😀😀 Some Russian Banks are Charging 200 Rubles for .. ONE US Dollar The Russian RUBLE has Collapsed Against All Major Currencies ... " Everything According to Plan "
I had unfortunately some hundreds of rubles on hand due to travelling when the war broke. The ruble to usd rate mentioned in any table is nowhere near how poor the rate is when trying to change them. Another thing i notices was that nobody actually wanted the rubles. Exhance after another just said no thanks, got lucky in Turkey eventually funny enough and got rid of them.
@@Alan-u8b6ibecose ruble to usd shows how much worth a ruble is worth If the ruble to usd is bad it means the ruble to every currency is bad That means that EVERYTHING from outside russia is more expensive Be it from china ,us ,india or even bulgaria
Have to Laugh at the Russian trolls in the comment section ....They make $400 US a Month and All Dream of travelling the World in their retirement years and Visiting Exotic Locations on their $100 to $200 US Dollar a MONTH Pensions 😀😀
Check the life expectancies in Russia. Will Russian trolls survive until their retirement? Furthermore, if Russia turns to North Korea 2, then we should look at the life expectancies of North Korea.
You'd think they'd get a clue from the newer Chinese maps calling Russian towns, villages, cities, by their original Chinese names - Russia is going to be pressured to cede more and more territory to China, like on the coast near North Korea
Best indicator for the Ruble is the Russian black market price for other currencies. Outside of Russia the Ruble is valueless and the exchange rate is what the Russian central bank says it is. My bet is the unofficial exchange rate is far higher.
I visited Poland in the 1970s, got 22 times the exchange rate when dealing with people on the streets or in the backseat of a taxi. But to keep a bit control, you had to show receipts from a bank that you changed with them to be able to pay for a room in a hotel but food was ok to pay for with black market exchanged money. Was never able to pass 2 USD for a dinner in Polands best hotel restaurant! 😂
@@Some_Really_Random_Dude. So if you approached a black-market market-maker in Rouble vs Dollars their bid-offer spread would be 50-250 Roubles per US Dollar. They'd buy your Dollar for 50 Roubles then sell it back to you (or to someone else) for five times as much. Bargain!
@@peteneville698 At one point, that wasn't black market. That was the Russian central bank trying to grab all the Dollars it could from Russian citizens and companies as part of trying to force internal transactions in Rubles and securing Dollars to buy war materials overseas.
And this is why I tell the bots talking about how valuable the ruble is and how much their economy is growing to go and buy some rubles and then try to sell them. If you cant understand it after viewing this video you will never understand it.
The question is, will the Ruble in its present form survive Putin's downfall or the backup of Russia? If it does buy rubles and put them in a safety deposit box for a few years, it might work out in your favor. If the present currency is replaced by a new regime, you can paper an accent wall in your powder room. Under no circumstance would it be wise to trust Russian banks or any other Russian entity to hold your rubles for you. 😉👍🇺🇲💙🇺🇦🕊 Salva Ukraine
I think most people are to stupid to know there stupid with a smart phone in there hand. They just talk B.S. saying mostly stupid and never research zero, live in there mom's basement and only play games. You engage the trolls there stupid just goes up. Why they don't have a job, they think they are smarter then the owner of where they work.
Interesting because we know that the basket of currencies that is to be used as a reserve for BRICS is the be backed by gold. Whereas all EU and our USD is not.
All currencies are monopoly 'money'. AND all currencies are collapsing. You can't buy anything with a dollar, Euro or the GB pound, except cheap confectionery etc. Regarding the Yen, Yuan, or Ruble not even that. If you have 1/4oz of gold it will buy you a short haul flight, and an oz of silver will buy you a meal with a decent bottle of house wine. That's called money.
even if Russia were to leave Ukraine, the sanctions should stay in place. Russian people still believe they are the chosen ones in Europe; that conceit has to be beaten out of them, otherwise Russia will always want to annex nearby countries.
Russia is brics and brics is new hegemony with own bank own payment system own curency and own rules , thats mean west cannot sanction ,dictate or harm in anyway brics countries. West push to stop brics to not lose domination but fail , brics cannot be stoped and west will lose.
@@thia41012the diffrence was that the goverments changed The german goverment of ww1 is not the same one as the interwar one If the russian goverment was changed the ok But it isnt being changed
Nonsense! Russian ruble may have depreciated vs the dollar during the past 10 years but under the glorious leadership of it's dear leader it's economy has recently surpassed both Germany and Japan to become the worlds 4th largest by pPp. The ruble may oscillate left and right but russia, under mR. Putin's sure-footed leadership, remains sTrOnGk. 💪🇷🇺🦾
@@LongDefiant ruffly 653,100 people live without housing in the us that´s 0,65 million people. that is for sure no good. but its not even 0.5% of the US´s population.
Yes, it did. Russia would never have seen things our way. The odyssey of war is the machine of evolution. Competition leads to victors, who shape societies.
@@verzedaWhile it's possible the pootsie personally wouldn't have seen things our way, the rest of them would have seen what would have been presented to them by those in power. They picked a sick puppy as their dear leader, is all.
the ruble has pretty much flat lined since may at 92.5 or so.... and the reason its not moving is that the Russian central bank don't really have to buy a LOT of them to keep it stable. The Ruble is no longer traded internationally, so thats not going to affect it and right now 40-% of the Russian economy has the state as the main consumer! So its really easy to keep it stable. Trading volumes over those months swill likely show that all sales and purchases in terms of volume of Rubles on the foreign exchange was the Russian central bank. the Ruble is not listed on any foreign stock market and its is purely a Russian only currency. So it will not easily go into hyperinflation.... however that does not stop the goods and services it represents for getting very very expensive. The issue in the USSR was not the international value of the Ruble it was the fact that goods and services from the west were nowhere to be seen and therefore were priceless... It is also utterly irrelevant what the value of the ruble is at all since none of Russia's trading partners will touch it with a barge pole!
@@maximus7079you fail to have purchasing power, and cannot make trade in international markets without trading more resources then you can afford to send
@@maximus7079 Well just lack of products from a consumer perspective and that has nothing to do with the value of the ruble is has to do with supply and demand. A currencies only job is to represent the value of goods and services... but for example no amount of money in the world can buy you things that do not exist. Now you can MAKE THEM exist by manufacturing them internally or importing them from abroad.... but if external suppliers won't touch your currency you need to buy using THEIR currency and how would you get your hands on their currency? Its not that things in Russia are getting more expensive, its that they are becoming more and more scarce... a good example is factory workers... factory workers in Russia are limited by the number of people of working age right? Well if you reduce the overall pool of workers the remaining workers get more expensive regardless of how well or not the economy is doing. That means less things get manufactured making goods more scarce. That drives up prices, meaning the average person needs more money... and if they need more money they will look for qa better paying job, and once you get to a given point the capacity of the system to complete the amount of work needed to sustain the economy... even if it were based on barter or people trading eggs... will simply not sustain itself. So the endpoint would, and probably at this stage when the reserves run out WILL BE ... economic collapse... a point where prices are irrelevant cos there just are no goods and services. Traditionally at this point nations borrow from international sources, OR they borrow from themselves, they issue bonds for example... But nobody in their right mind would buy bonds issued by the Russian central bank, not unless they are perhaps forced to. For sure Russia no longer has access to foreign bank funds, they do have an internal fund... but my guess is thats running out now. Russia could one might suppose sell shed loads of gold, or gems, which it has a lot of... But outside Russia investors might not buy that cos it would lower everyone else's investment in those commodities. Plus if you look at nations that do sell lots of gold and gems they are the single poorest hell holes in the world from the populations perspective.
I think the only time I've seen something that said, "Made in Russia" was on a bunch of blown-up equipment on display at Fort Irwin. That was back in 1983 or so.
It's Dos vedanya to the Rubel. It's no longer a reserve currency and BRICS is l long way away if it happens at all! I see Putin taking a winter vacation directly from the window of his Kremlin office. After a nice cup of his favorite Polonium tea. 😂
The best currency to replace it with is the toilet paper with Putin's face on it, but Russia will have to pay premium prices to UKraine for the bulk of stock in that commodity.
The title "Joe Blogs" made me think that it would be flotsam not worth listening to, so I never listened. My loss. Today, out of curiousity, I did listen. Wow, what a clear analysis, made accessible for the none expert. I truly enjoyed your analysis and benefited from its insights. In the future I will tune in a listen.
I didn't actually even mean to watch this, it just came on after something else I was watching about the actual fighting. In my entire life I can't ever remember hearing anything related to numbers or the economy without my brain involuntarily shutting down. I don't even think I fully understood the basic principles of how an economy worked until this. This guy is absolutely amazing! I'm stunned how not lost I am!
Russia does hold large amounts if Indian Rupees. Not quite sure of the amount, but at least $ 3 billion, from the sale if discounted oil. Distillates are not subject to sanctions, but the damage to a few large Russian refineries, sale of distillates has declined.
I love Joe Blogs, and watch many per week, but a lot of these recently feel like an exact repeat of one I watched a few weeks ago. I would love to see more from around the world, not just 'on repeat' info on Russia, as much as I love bad news for Putin 😊
I was in Russia just after the collapse in 1989 and you could buy 3 postcards with stamps to send them abroad for 1 US cent! My friend said to me while I was drinking a coke can, do know that coke is more expensive than this 12 hour train ride + sleeping cabin + sheets. 😂
The best explanation of liquidity I’ve heard is as follows. Jim and Mike are both worth $1M. Jim has all of his worth in his $1M house. Mike has his worth in a $500K house and a $500K high yield savings account. Both have a heart attack and need to pay $100K in medical bills. Jim has to sell his house or take out a mortgage on the house. He’s not liquid and the new liability is going to cost him in terms of house sale or loan costs. Mike wrote a check.
It begs the question as to why didn't the US apply the sanctions id did in June of this year 2 years ago if it was serious about stopping Russian aggression in the Ukraine sooner?
From the point of view of the global economy, Russia is being boiled like a frog, slowly but effectively. The collapse of the russian economy is not affecting the world economy very negatively now and is not leading to a global crisis. Thus, Putin has less and less money for the war and has to decide whether to spend the cash further on fighting Ukraine or on his own people. Because Putin is a psychopath, he will spend money on war at the expense of his citizens and lead his country to ruin. And the citizens themselves will eventually remove him and he will probably end badly. Unfortunately, russians are russians, and putin will be followed by another stupid dictator, but the world will be at peace with the Russian bastard for a while at least.
I would like to see some videos focusing on the wider perspective, and get a sense of the cash flow through the entire world. The same way that we get charts of wind patterns, and can see a single dynamical system at work. I'd like to see the relative economic strengths, and the rate of which they are changing. Apparently America has spent $175B on Ukraine, but how big is this money in the global scheme of things? How strong is Iran economically? How does India fare? Can we explain India's moral dithering in terms of economics?
Don't forget that demand also drives available job, or lack thereof for current Russia. Which means higher unemployment and crime rate goes up further exasperating the problem. So it's a vicious cycle.
The oligarchs are obliged to give Putin, as a private person 40% of their revenues. That’s for him not interfering with the business and them not to interfere with politics. So this is a disaster for Putin as well.
The value of the ruble is consistently on a steep decline, despite Russia’s economic tricks and its quite enjoyable. Rubles are worth only slightly more than actual rubble.
I hear this for 2.5 years but I still don’t see it on the market, I know its worth nothing… but would love to see it on the market… oeps forgot it not a legal currency anymore on the market.
You know why? Because of ruzzians, they can leave for food and vodka, its can stay like this for another 10 years…. This people don’t need much…. But they can not exchange rubble in country….. and all of them leaving only for rubble because putin says:)))) North Korea
A good explanation. I can see why the Chinese need to be paid in Yuan, rather than what is like "Aniseed Balls". They would need to know they are operating with a stable currency, that will maintain its value
Not the first video of the ruble collapse but every time I go check the ruble vs US dollar it's stable around the 91 range. It's been like that for a year. Same with the yuan. So where is the collapse?
Same question here, earnestly. Every time the term collapse appears on this channel I check the rates, and I can't find any drastic movement deserving the name.
AHHAHAHAHA @@ 91 RUBLES FOR 1.00 USA SO THAT IS 0.011 CENTPER RUBLES. WHAT A JOKE THE MEXICAN PESOS IS .7.CENT PER PESOS MUCH BETTER VALUE THAN YOUR LOSERS RUBBLES, LOL@!
Very short answer: Russia are out of Yuan, so to buy something from China, they have to borrow them somewhere, and they are forced to use the most expensive way there is.
The ruble is functionally identical to the US confederate currency during the Civil War. Basically, it's a scrip that allows russian shopkeepers to sell bread to Russians so they can, in turn, buy more locally produced flour to bake more locally produced bread. Don't try to buy any non-domestic products with rubles, because nearly all countries are unwilling to accept rubles for payment. Thats because, as stores of value go, rubles are like a gallon jug with a hole in it. You start to lose the exchange value the moment you accept it.
Long time viewer here. I know you're doing the youtube shuffle here, but the sheer number of RUSSIAN X COLLAPSES is verging on ridiculous. How can something collapse more than once? Let alone 30x
@@bigotbidenYes, the official version is the same for the British Pound. But! Some stores are adding a rouble stability fee of about ten percent so that when they come to use the money internally (I think they are on 14% inflation) they can get roughly replace the equivalent of what the customer used and what the customer paid. There is much more than just asking Alexa what the rate is.
@@torsteinlunde3931 If you are in Norway, you might be able to check if you can actually buy Roubles. I just did in the UK and the answer is no. So in real life ( here anyway) you'll get absolutely no Roubles to the Kroner. 10000 Krona will get you no Roubles. The rouble has collapsed more than just the official rate.
The UK economy is twice as big as Russia's despite its land mass being 1/70th the size and having half the population, that's all you need to know about Russia and economics, it was failing and a war makes it fail faster!?!
Every day it’s worth less and less. Actual rubble is worth as much. Eventually rubble will be worth more, after all there’s a chance a precious gem in a handful of rubble.
I really enjoy your “blogs”. I always finish listening quite a bit smarter. You have a knack for being able to organize statistics into easily digestible facts. Thanks for all the info. BTW I really got a bang out of your AirB&B shows. As a fellow traveler, you just really never know what to actually expect.
Has the Ruble really collapsed though? It's doing terribly, yes, but collapsing? The title of this video is clickbait like the other titles. Please, Joe, make more realistic titles that represent the real situation.
This Joe guy is just a propaganda artist. The Ruble is artificial kept high yes but its nevertheless higher now then before the war. We all support Ukraine but dont insult us, give us the meat, and give it to us raw.
Clearing is basically that the seller gives the goods for the clearing house and buyer hands out the money under the control of the clearing house. Money is released when the buyer gets the goods and then seller gets the money. The money doesn’t show up before the transaction is cleared. This is why EU wants to move it from London. EU trade is massive. Ruzzia needs foreign currencies now the problem is that money flow depends completely what kind of deals they have. Tankers are slow.
Your economic illiteracy is showing. The various strategies that have been tried have had short term success, but are failing sequentially. Meanwhile by many indicators the ruzzian economy is indeed in severe crisis. But you do you. I take it you are going to invest in rubles?
@@ai-d2121 Follow Joe, so like any subscription new vids pop up.. The theme title is the same as a previous one by Joe..so I have not watched this one. And the war continues to rage on, nothing changes..
19% key rate and 9% inflation. That is a collapse. Was better off last month, and better off before that one, ad nauseam. Do the math. That is a collapse.
@@rmdomainer9042 Joe ties in these fluctuations as indicators of how the war is heading, which is false. And while the sanctions are having an effect in the short run, overall it’s actually worse for western economies in the long run. You can only do so much money printing and deficit spending, before its permanent effects take hold. Russia is still a top 20 economy globally, and non western countries are evolving into using less western monetary instruments to transact business. That’s basically all they have left, because they don’t have natural resources or manufacturing capacity to bargain with.
When you show charts that's show us the decline or rise of something, for instance with currencies, can you show us the full chart as well as the chart you're using to make your point? Like with the Rubles worth. I'd love to see the entire life of the ruble so I can really see where it is as far as value goes.
Oh, the Russian Oligarchs must be getting pissed at Putin.
Not yet, he is giving them gold to keep things cool.....
Vlad better not stand near any windows on upper stories.
@@joeordinary209 he takes 40% of their profits and political backing in exchange for wiping out their business competition. Since he's destroying their profits, if he's giving them gold to keep them cool, once his gold reserves run out they may string him up. Because if the gold he gives them doesn't match their profit margin from this disaster, it's a net loss. He's gotta be on narrowed time.
Most are dead , are they not ?
believe me, the oligarchs will take the monetary hit as long as they can keep a part of their assets save enough outside Russia
When your currency replaces another country’s currency it only makes it easier to take over that country.
According to Konstantin from Inside Russia, Putin announced publicly on TV that his kids are learning Chinese.
briCs
@@larzkruber822 brics??? I wouldn't hold your breath on relying on brics. Especially with Russia involved in it. Perhaps if Russia left brics, it could attract investors. And, any other anti west dictatorships.
Notice, brics incorporates rougue states. Anybody thug can join. That's not appealing for the brics itself.
There's a lot of propaganda outlets out there promoting brics, and that is from inside jobs from countries like Russia. Indirectly funded by Russia. I'd take it with a grain of salt
@@olmostgudinaf8100 He did do that. If Orange Hitler announced The Aristocratic Little Baron was learning Russian, how would that play in the US election? Not good, man. Not good.
@@phillipdavidhaskett7513 Trump Jr. said: "We don't need any money from America. We get all our money from Russia."
The reality is that both China and India have their own sanction against Russia denying to use rubles. 😀
About right!
Let me tell you the truth no one has the balls to attack Russia due to its geography.
Currency doesn't impact that much to the oil based economy but there should be other currencies like trading for Europe it is euro,for the American continent it is us dollar also for the rest of the world but not enough for Asia.
Indian people don't like western people due to its past colonial history but china is a real mother fucker who illegal occupied Indian land basically the main problem of Russia and China is the mentality of expansion otherwise in current scenario India,china,Russia can rule the world.
Brics will be going to build the new trading currency that will be going to end the dominance of the dollar.
Russia is vulnerable, and its 'friends' are exploiting this.
Even the Chinese are calling the Ruble: Tofu Dreg Currency.
Great!
Yikes!
Currencies go up and down.
@@gnrseanra9070 grass is green
Iran invests heavily in Rubles
If vitriol and stupidity had value the Ruble would be soaring
Just like Truth Social's stock price.
@@helenrushful true !!
Dunning-Kruger is keeping you from appreciating the genius of Pooter's master plan
@@Bac4-qu6qg7sk4v Dunning-Kruger is why anyone would ever troll for Russia rather than work towards bringing down Putin
And your mom would be a billionaire.
After one year of seeing how badly Russian weapons systems performed in Ukraine Russia lost weapons sales of up to 70 percent 🤣🤣🤣🤣
With the muppets who bought ruZZian junk , many now regretting it
For 30 vs 1 we are doing just fine lol.
Sure you can brag about Iranian drones, nafo clown
Shovels
Are they still selling that 30 %? I would expect the loss to be ~100 %. Russian weapons are performing quite poorly. In addition, I would not trust Russia to deliver the weapons. I would pay only after the delivery. I think Russia needs currently all the developed weapons.
@@anomymouse5043they are pulling out t55s
They need all weapons
No matter if they are ww1 or from 2010
When will Russia(s) ever learn. Like they're d'evolving.
They did not in the past, they will not in the future. They are .....
Its like some chronic inferiority complex has infected Russian DNA...
Yes- the strategy of trying to get everyone to use Rubles was about as successful as King Canute's attempt to control the waves.
It haven't been exchanged on the open market since the war started. People say their economy is doing great because its literally make believe money.
*nerd snort!*
Aksooalee! That parable is told to show why Canute is known as "the Wise."
A courtier told him that he was the greatest king in all the lands. The king bade his court to follow him to the beach. He commanded the incoming tides to recede, so that he could gather shells. It didn't.
Turning to his court, he then said, "None is greater than God, not even me. Be humbled before His creation, for you do not rule it, but stand in stewardship of it. As do I."
Edit: I think it got switched around by English romantics back in the 19th Century, but it was always a morality story, & even became a mummers' play at one point.
Interesting comment, is this a proverbial expression in English? I am a Dane, and am a little surprised by this about king Canute- in reality Canute the Great was quite successful in controlling both the North Sea, Skagerrak and parts of the Baltic Sea that was what kept his realm together. So quite ironic if there is a proverb about him not being able to control the sea 😉 But well I am going off on a tangent - great news and good that Putin is unable to keep the Rubble from being in rubbles
I thought it was Britannia who ruled the waves ?😊
@@TrollOfReasonCanute was from Denmark
Why would India and China want rubles, they cant spend it on trade relations countries.
They both don't accept rubles. I'm not sure if even Russia will take rubles to settle Russian export settlements.
They can always buy Russia's oil with rubles. But the whole idea of dealing in their own currency is to help stabilize their own economy and currency, instead of Russia. Let's put it this way, Putin f*ck up big time! There's many ways of dealing with trouble neighbors, with words and sanctions, not with weapons & guns!
Another overlooked aspect is that Russia has been discreetly selling its gold reserves to China in exchange for currency. This explains the quarterly declines in China’s purchases of gold from the global commodity market, as this strategy helps lower gold prices slightly, allowing China to acquire Russian gold at a discounted rate.
I'm fairly sure Russia is also trading gold to Iran for weapons (missiles & drones) due to banking sanctions making direct exchanges incredibly difficult.
It'd sure be a shame for something to happen to that bulk gold transfer shipment...
This has been a topic that's brought up many times...Joe does not want to talk about it.
@@witchdoctor1394 Most gold bullion held by any country is in the NY Fed Reserve Bank. At one point after WWII, 3/4th's of the entire world supply was owned by the United States. It never physically left the vaults, since it was safer there than anywhere else on the planet.
@@jaransi7239why not
@@witchdoctor1394 Shipments of Gold Bullion is always an interesting item to track and even intercept . would be interesting to know how much you can infiltrate such a transfer of gold bullion...a driver or a pilot might like a cut ? would be rewarding ? to "divert" it ? Switzerland is nice this time of year I am told ..stealing from thieves is risky but the police encourage it ...and even do a bit themselves.
when putin say they going de-dollarization, he meant they running out of dollar 😁😁😂😂🤣🤣
How is the dollar economy is it every 100 days another Trillion is added to debt?
@@gnrseanra9070 You can find books on that topic, on just about any university - it's very hard to give You a class, without make TH-cam running out of storage space.....
@@gnrseanra9070 well, they can ;)
@@gnrseanra9070A hell of a lot better than the rubble economy which is losing 100K of it's precious putlerjugend as war casualties every 100 days.
@@gnrseanra9070 Well China's total debt burden is bigger than the Wider Wests combined at 60 Trillion USD, The US government has a 37 Trillion USD debt but far more assets than China, although China regards it citizens assets as it's own as well but that's another argument between the CCP and it's citizens shortly!?!
In June 2014 before the Invasion of Crimea the Russian Ruble was 33 Rubles to 1 US Dollar ... Today the Russian Ruble is 93 Rubles to 1 US Dollar Looks like Something Collapsed but it was Not the US Dollar 😀😀 Some Russian Banks are Charging 200 Rubles for .. ONE US Dollar The Russian RUBLE has Collapsed Against All Major Currencies ... " Everything According to Plan "
I had unfortunately some hundreds of rubles on hand due to travelling when the war broke. The ruble to usd rate mentioned in any table is nowhere near how poor the rate is when trying to change them. Another thing i notices was that nobody actually wanted the rubles. Exhance after another just said no thanks, got lucky in Turkey eventually funny enough and got rid of them.
The Plan 🎉
If you dont intend to buy anything from the USA then what does it matter even if it goes to 10,000 Rubles for a Dollar?
@@Alan-u8b6i go back to school.
@@Alan-u8b6ibecose ruble to usd shows how much worth a ruble is worth
If the ruble to usd is bad it means the ruble to every currency is bad
That means that EVERYTHING from outside russia is more expensive
Be it from china ,us ,india or even bulgaria
How bad is the collapse? So bad that Russia has changed the spelling of Ruble to Rubble.
Have to Laugh at the Russian trolls in the comment section ....They make $400 US a Month and All Dream of travelling the World in their retirement years and Visiting Exotic Locations on their $100 to $200 US Dollar a MONTH Pensions 😀😀
Victims of Kremlim mafia and oligarchs. Living under Neo communism. Brainwashed with propaganda they just serve as cannon fodder in the front.
You got old information. Average salary in Russia is obout 1000$. And everything is much cheaper than in the west.
Check the life expectancies in Russia. Will Russian trolls survive until their retirement? Furthermore, if Russia turns to North Korea 2, then we should look at the life expectancies of North Korea.
@@zeljkomikulicic4378 Sure thing, Ivan. Lots exploding where you are?
@@TheTruthHz l am in Croatia. South east europe. Part of EU.
You'd think they'd get a clue from the newer Chinese maps calling Russian towns, villages, cities, by their original Chinese names - Russia is going to be pressured to cede more and more territory to China, like on the coast near North Korea
Cede more territory ? Has Russia ceded any ?
China gonna buy siberia for a bag of potatoes in a year or two.🇬🇧
Yes an island and access to sea
@@tonupharryWhich island? When didn't that happen?
@@thia41012 千島列島
Best indicator for the Ruble is the Russian black market price for other currencies. Outside of Russia the Ruble is valueless and the exchange rate is what the Russian central bank says it is. My bet is the unofficial exchange rate is far higher.
I visited Poland in the 1970s, got 22 times the exchange rate when dealing with people on the streets or in the backseat of a taxi. But to keep a bit control, you had to show receipts from a bank that you changed with them to be able to pay for a room in a hotel but food was ok to pay for with black market exchanged money. Was never able to pass 2 USD for a dinner in Polands best hotel restaurant! 😂
Last I found it was 250 rubles for a dollar. With people only getting 50 rubles if they supplied a dollar. So do with that info what you will.
@@Some_Really_Random_Dude. So if you approached a black-market market-maker in Rouble vs Dollars their bid-offer spread would be 50-250 Roubles per US Dollar. They'd buy your Dollar for 50 Roubles then sell it back to you (or to someone else) for five times as much. Bargain!
You get 250-300 rubles for 1 US dollar.
@@peteneville698 At one point, that wasn't black market. That was the Russian central bank trying to grab all the Dollars it could from Russian citizens and companies as part of trying to force internal transactions in Rubles and securing Dollars to buy war materials overseas.
And this is why I tell the bots talking about how valuable the ruble is and how much their economy is growing to go and buy some rubles and then try to sell them. If you cant understand it after viewing this video you will never understand it.
Yeah
Everyone will buy 1000 dollars for example 1 bulgarian lev
Good luck finding anyone that will give you 1000 dollars for that 1 lev
True statement.
The question is, will the Ruble in its present form survive Putin's downfall or the backup of Russia? If it does buy rubles and put them in a safety deposit box for a few years, it might work out in your favor. If the present currency is replaced by a new regime, you can paper an accent wall in your powder room. Under no circumstance would it be wise to trust Russian banks or any other Russian entity to hold your rubles for you. 😉👍🇺🇲💙🇺🇦🕊 Salva Ukraine
@@katiehettinger7857 i think the ruble will end up like the german mark in the 20s if the russia economy goes kaput
I think most people are to stupid to know there stupid with a smart phone in there hand. They just talk B.S. saying mostly stupid and never research zero, live in there mom's basement and only play games. You engage the trolls there stupid just goes up. Why they don't have a job, they think they are smarter then the owner of where they work.
Correction - India WILL take stolen gift too cards for services.
🤭
India is a corrupt dump!!
The Ruble is not a currency. It's Monopoly money.
Interesting because we know that the basket of currencies that is to be used as a reserve for BRICS is the be backed by gold. Whereas all EU and our USD is not.
All currencies are monopoly 'money'.
AND all currencies are collapsing.
You can't buy anything with a dollar, Euro or the GB pound, except cheap confectionery etc.
Regarding the Yen, Yuan, or Ruble not even that.
If you have 1/4oz of gold it will buy you a short haul flight, and an oz of silver will buy you a meal with a decent bottle of house wine.
That's called money.
My 1957 Monopoly money is probably worth more than any ruble.
@@jimm6386 do you know that the USD has lost 97% of it’s purchasing power? Look what has been happening to the middle class since 1971.
@@cranberryeater7459 Gold has no real value just like paper
It is like a direct correlation between a Ammo storage attack and Russia needing to buy Yuan…
even if Russia were to leave Ukraine, the sanctions should stay in place. Russian people still believe they are the chosen ones in Europe; that conceit has to be beaten out of them, otherwise Russia will always want to annex nearby countries.
very true.
Russia is brics and brics is new hegemony with own bank own payment system own curency and own rules , thats mean west cannot sanction ,dictate or harm in anyway brics countries. West push to stop brics to not lose domination but fail , brics cannot be stoped and west will lose.
Russia is Russia and it will always be so.
Isn't that how we got WW2? I honestly don't know a ton on the subject but as an American, I would really hate to be held accountable for Trump.
@@thia41012the diffrence was that the goverments changed
The german goverment of ww1 is not the same one as the interwar one
If the russian goverment was changed the ok
But it isnt being changed
The value of the Ruble is the best answer to someone who think's the Russian economy is doing well
around 20% of people in Russia have no indoor pluming
@@jonathandorn1691My grandparents had indoor plumbing, and I'm 72 years of age.
Nonsense! Russian ruble may have depreciated vs the dollar during the past 10 years but under the glorious leadership of it's dear leader it's economy has recently surpassed both Germany and Japan to become the worlds 4th largest by pPp. The ruble may oscillate left and right but russia, under mR. Putin's sure-footed leadership, remains sTrOnGk. 💪🇷🇺🦾
@@jonathandorn1691tens of millions of US-ians have no home.
@@LongDefiant ruffly 653,100 people live without housing in the us that´s 0,65 million people. that is for sure no good. but its not even 0.5% of the US´s population.
It never had to be this way ffs
Thanks Vladi - hope you think it was all worth it.
Yes, it did. Russia would never have seen things our way. The odyssey of war is the machine of evolution. Competition leads to victors, who shape societies.
@@verzedaWhile it's possible the pootsie personally wouldn't have seen things our way, the rest of them would have seen what would have been presented to them by those in power.
They picked a sick puppy as their dear leader, is all.
Thank you for explaining some of the financial terms.
Thank you for explaining liquidity.
Thank you! 👍👍🙂
the ruble has pretty much flat lined since may at 92.5 or so.... and the reason its not moving is that the Russian central bank don't really have to buy a LOT of them to keep it stable. The Ruble is no longer traded internationally, so thats not going to affect it and right now 40-% of the Russian economy has the state as the main consumer! So its really easy to keep it stable. Trading volumes over those months swill likely show that all sales and purchases in terms of volume of Rubles on the foreign exchange was the Russian central bank. the Ruble is not listed on any foreign stock market and its is purely a Russian only currency. So it will not easily go into hyperinflation.... however that does not stop the goods and services it represents for getting very very expensive. The issue in the USSR was not the international value of the Ruble it was the fact that goods and services from the west were nowhere to be seen and therefore were priceless... It is also utterly irrelevant what the value of the ruble is at all since none of Russia's trading partners will touch it with a barge pole!
Thanks for your good comment. Would you mind expanding on it? If things continue to get more expensive in the country what is the endpoint?
@@maximus7079you fail to have purchasing power, and cannot make trade in international markets without trading more resources then you can afford to send
@@maximus7079 Well just lack of products from a consumer perspective and that has nothing to do with the value of the ruble is has to do with supply and demand. A currencies only job is to represent the value of goods and services... but for example no amount of money in the world can buy you things that do not exist. Now you can MAKE THEM exist by manufacturing them internally or importing them from abroad.... but if external suppliers won't touch your currency you need to buy using THEIR currency and how would you get your hands on their currency?
Its not that things in Russia are getting more expensive, its that they are becoming more and more scarce... a good example is factory workers... factory workers in Russia are limited by the number of people of working age right? Well if you reduce the overall pool of workers the remaining workers get more expensive regardless of how well or not the economy is doing. That means less things get manufactured making goods more scarce. That drives up prices, meaning the average person needs more money... and if they need more money they will look for qa better paying job, and once you get to a given point the capacity of the system to complete the amount of work needed to sustain the economy... even if it were based on barter or people trading eggs... will simply not sustain itself. So the endpoint would, and probably at this stage when the reserves run out WILL BE ... economic collapse... a point where prices are irrelevant cos there just are no goods and services.
Traditionally at this point nations borrow from international sources, OR they borrow from themselves, they issue bonds for example... But nobody in their right mind would buy bonds issued by the Russian central bank, not unless they are perhaps forced to. For sure Russia no longer has access to foreign bank funds, they do have an internal fund... but my guess is thats running out now.
Russia could one might suppose sell shed loads of gold, or gems, which it has a lot of... But outside Russia investors might not buy that cos it would lower everyone else's investment in those commodities. Plus if you look at nations that do sell lots of gold and gems they are the single poorest hell holes in the world from the populations perspective.
Thank you for your insights. Very interesting read indeed!
Great summary!
I think the only time I've seen something that said, "Made in Russia" was on a bunch of blown-up equipment on display at Fort Irwin. That was back in 1983 or so.
Back in '83 I was gettin' blowed out in the church basement by Father Mcgarnickle.
@@jennyanydots2389😂
Joe Blogs rocks!
60 something here. Russia is a third world wannabe country with some oil.
😊
Lol and better nukes than us
@@joshuain2771rubbish. How do you know?
@@joshuain2771
Awkward... posting this after another failed test....
@@JustinLawrence-g9c You need to be in Jail
Thx Mr Blogs ;)
Thanks for the info and update Joe 👍 Manchester England 👍
Thanks Joe for all the GOOD News....
Russia is struggling to buy with the rubble 😂
Nah it will probably end up with the ussrs way
You want a car ?
Ok wait 5 years
Demand is not changeing but supply is way down
It's Dos vedanya to the Rubel. It's no longer a reserve currency and BRICS is l long way away if it happens at all! I see Putin taking a winter vacation directly from the window of his Kremlin office. After a nice cup of his favorite Polonium tea. 😂
The best currency to replace it with is the toilet paper with Putin's face on it, but Russia will have to pay premium prices to UKraine for the bulk of stock in that commodity.
@@stevev238 Like during WW1 Germany. Although some of those 10,000,000,000,000 sized bank notes had really pretty pictures on them.
Polonium tea is becoming expensive, an open window might be a better fate for Putler. It will also be a karma thing for him...
Window of Special Purpose.
The window of opportunists
The title "Joe Blogs" made me think that it would be flotsam not worth listening to, so I never listened. My loss. Today, out of curiousity, I did listen. Wow, what a clear analysis, made accessible for the none expert. I truly enjoyed your analysis and benefited from its insights. In the future I will tune in a listen.
The Ruble is Rubble
Good job on explaining liquid. A lot of people do not understand what it is and what it does and makes a company or a country operate.
Putin said that countries should use their own currencies for trade. Not use other currencies. I wonder how well that is working out now.
One of the best vids from you yet, Joe. Thank you for the education!
Thank you for sharing your knowledge with us
Still, everything according to plan for Russia... ;-)
Bedankt
I didn't actually even mean to watch this, it just came on after something else I was watching about the actual fighting. In my entire life I can't ever remember hearing anything related to numbers or the economy without my brain involuntarily shutting down. I don't even think I fully understood the basic principles of how an economy worked until this. This guy is absolutely amazing! I'm stunned how not lost I am!
Welcome to the community. 😊 Joe makes World Economics easy to follow and relates it to the political situations that are affecting our lives.
Russia does hold large amounts if Indian Rupees. Not quite sure of the amount, but at least $ 3 billion, from the sale if discounted oil. Distillates are not subject to sanctions, but the damage to a few large Russian refineries, sale of distillates has declined.
I love Joe Blogs, and watch many per week, but a lot of these recently feel like an exact repeat of one I watched a few weeks ago.
I would love to see more from around the world, not just 'on repeat' info on Russia, as much as I love bad news for Putin 😊
Exactly 💯 he keeps repeating and it's getting boring.
@gnrseanra9070 expanding and clarifying as circumstances change.
How long has he been saying russia is collapsing?
Most who tune in are interested in China and Russia updates and impacts...
That’s the thing, Russian history is just a constant “and it got worse” because of their leadership.
It looks like the ruble is becoming obsolete, like Confederate States of America dollars in 1865. They are better used as toilet paper.
How are you going to use 🧱 as toilet 🚽 paper 🧻? 😱🤭
Toilet paper? A great idea, now put Putin's mug on it, then it would be perfect.
For health and safety issues! Please do NOT attempt this!
Toilet paper is cleaner.
@@verttikoo2052 Can you read?
It clearly states "ruble" comrade.
Not wall.
@@totallyinsane6431You could use the bills as wallpaper.
informative, thanks. ...from elder recluse in Hawaii.
Thanks!
I was in Russia just after the collapse in 1989 and you could buy 3 postcards with stamps to send them abroad for 1 US cent!
My friend said to me while I was drinking a coke can, do know that coke is more expensive than this 12 hour train ride + sleeping cabin + sheets.
😂
The best explanation of liquidity I’ve heard is as follows. Jim and Mike are both worth $1M. Jim has all of his worth in his $1M house. Mike has his worth in a $500K house and a $500K high yield savings account. Both have a heart attack and need to pay $100K in medical bills. Jim has to sell his house or take out a mortgage on the house. He’s not liquid and the new liability is going to cost him in terms of house sale or loan costs. Mike wrote a check.
So True.
Russian economy collapses to rubble
Now it's called the "heap of RUBBLE"
Russia is crashing
You said that 2 years ago
Yes and the ruble is collapsing every week.
Joe said this last week for last 104 weeks?
@@KolyaUrtz No he didn't, krembot
@@Fabsi87Joe is Russia, China and Uk only. Politics.
Thank you Joe! ❤❤❤
Its wild that they are using almost 100% Yuan.
It begs the question as to why didn't the US apply the sanctions id did in June of this year 2 years ago if it was serious about stopping Russian aggression in the Ukraine sooner?
From the point of view of the global economy, Russia is being boiled like a frog, slowly but effectively.
The collapse of the russian economy is not affecting the world economy very negatively now and is not leading to a global crisis. Thus, Putin has less and less money for the war and has to decide whether to spend the cash further on fighting Ukraine or on his own people. Because Putin is a psychopath, he will spend money on war at the expense of his citizens and lead his country to ruin. And the citizens themselves will eventually remove him and he will probably end badly.
Unfortunately, russians are russians, and putin will be followed by another stupid dictator, but the world will be at peace with the Russian bastard for a while at least.
The charts you create really show the story. I appreciate the hard work you put into making these videos. Thank you for keeping us informed!
A picture is worth a thousand words. 😏👍
I would like to see some videos focusing on the wider perspective, and get a sense of the cash flow through the entire world. The same way that we get charts of wind patterns, and can see a single dynamical system at work. I'd like to see the relative economic strengths, and the rate of which they are changing. Apparently America has spent $175B on Ukraine, but how big is this money in the global scheme of things? How strong is Iran economically? How does India fare? Can we explain India's moral dithering in terms of economics?
Don't forget that demand also drives available job, or lack thereof for current Russia. Which means higher unemployment and crime rate goes up further exasperating the problem. So it's a vicious cycle.
Thanks
Thank you!!! 🌻
I knew Pooh Bear is smart...I was counting on it. But that is also why I have to keep a close eye on him too.
The oligarchs are obliged to give Putin, as a private person 40% of their revenues.
That’s for him not interfering with the business and them not to interfere with politics.
So this is a disaster for Putin as well.
Hello Joe, You are good at making Putin's trolls and Russia's bot farms busy countering the news about Russian Ruble Collapse. 😂
Unofficially in Russia it’s over 200 rubbles to one dollar…
Smart Russians are learning to read and speak Chinese to better serve their new masters...
Including Putin's own sons. As Putin himself publicly announced on TV.
Thank you for your explanation on Swaps. All your sessions are really informative.
"Russian ruble collapsed for the 100th time"
No, it is the same time. The process is slow but it is happening. Things should speed up from here XD
19% inflation, doesn’t sound too good to me!
The value of the ruble is consistently on a steep decline, despite Russia’s economic tricks and its quite enjoyable. Rubles are worth only slightly more than actual rubble.
Its been steadily declining for 18 months now, already it is joke money
The ruble is rubble
Excellent report, very interesting, Joe certainly know is stuff. Thanks Joe.
I hear this for 2.5 years but I still don’t see it on the market, I know its worth nothing… but would love to see it on the market… oeps forgot it not a legal currency anymore on the market.
You know why? Because of ruzzians, they can leave for food and vodka, its can stay like this for another 10 years…. This people don’t need much…. But they can not exchange rubble in country….. and all of them leaving only for rubble because putin says:)))) North Korea
What market, there is no real market value of the Rubel!
@@joeordinary209Where is it based on then? So it can also be 1 dollar for 200 ruble by now?
More great reporting and analysis from Joe Blogs. Thank you Joe.
Thank you, Joe. Can you look at Iran's economic situation. And Israel?
Thanks a million Joe. Love your work.🙂
Groundhog Day
A good explanation. I can see why the Chinese need to be paid in Yuan, rather than what is like "Aniseed Balls". They would need to know they are operating with a stable currency, that will maintain its value
Not the first video of the ruble collapse but every time I go check the ruble vs US dollar it's stable around the 91 range. It's been like that for a year. Same with the yuan. So where is the collapse?
Same question here, earnestly. Every time the term collapse appears on this channel I check the rates, and I can't find any drastic movement deserving the name.
It will collapse, eventually.
Until then he has to publish videos on a regular basis so that there is one directly before the crash he is predicting.
AHHAHAHAHA @@ 91 RUBLES FOR 1.00 USA SO THAT IS 0.011 CENTPER RUBLES. WHAT A JOKE THE MEXICAN PESOS IS .7.CENT PER PESOS MUCH BETTER VALUE THAN YOUR LOSERS RUBBLES, LOL@!
It's the same for every bubble...and war. Long periods of boredom punctuated by moments of sheer terror.
Very short answer: Russia are out of Yuan, so to buy something from China, they have to borrow them somewhere, and they are forced to use the most expensive way there is.
The ruble is functionally identical to the US confederate currency during the Civil War. Basically, it's a scrip that allows russian shopkeepers to sell bread to Russians so they can, in turn, buy more locally produced flour to bake more locally produced bread. Don't try to buy any non-domestic products with rubles, because nearly all countries are unwilling to accept rubles for payment. Thats because, as stores of value go, rubles are like a gallon jug with a hole in it. You start to lose the exchange value the moment you accept it.
Long time viewer here. I know you're doing the youtube shuffle here, but the sheer number of RUSSIAN X COLLAPSES is verging on ridiculous. How can something collapse more than once? Let alone 30x
Big brother Joe we all appreciat u big brother
Again ??!! 😊😊
Outstanding video…as usual. My finance students love your channel and the way you present the topics.
The ruble is the same place as before the war started compared to Norwegian Kroner.
@@bigotbidenYes, the official version is the same for the British Pound. But! Some stores are adding a rouble stability fee of about ten percent so that when they come to use the money internally (I think they are on 14% inflation) they can get roughly replace the equivalent of what the customer used and what the customer paid. There is much more than just asking Alexa what the rate is.
@@reluctantheist5224 I thought it meant how many rubles I would get for my Norwegian Kroner, stupid me…
@@torsteinlunde3931 If you are in Norway, you might be able to check if you can actually buy Roubles. I just did in the UK and the answer is no. So in real life ( here anyway) you'll get absolutely no Roubles to the Kroner. 10000 Krona will get you no Roubles.
The rouble has collapsed more than just the official rate.
The UK economy is twice as big as Russia's despite its land mass being 1/70th the size and having half the population, that's all you need to know about Russia and economics, it was failing and a war makes it fail faster!?!
Great, the fog has lifted. I understood basic liquidity but how its twisted for Russia and China. Wow, thanks!
How many times did it collapse already? 20?
Every day it’s worth less and less. Actual rubble is worth as much. Eventually rubble will be worth more, after all there’s a chance a precious gem in a handful of rubble.
I really enjoy your “blogs”. I always finish listening quite a bit smarter. You have a knack for being able to organize statistics into easily digestible facts. Thanks for all the info.
BTW I really got a bang out of your AirB&B shows. As a fellow traveler, you just really never know what to actually expect.
HEY HOW MANY MORE VIDEOS ARE YOU GOING TO MAKE ABOUT THE RUBLE COLLAPSING ?? WHAT ARE YOU OCD ?? !!
He will make them as long as people watch them and you are here aren't you.
@@WilliamStewart-tk9dj I guess there are a lot of people that like to watch the same thing over and over again !!
Thanks Joe for the update❤❤
Has the Ruble really collapsed though? It's doing terribly, yes, but collapsing? The title of this video is clickbait like the other titles.
Please, Joe, make more realistic titles that represent the real situation.
This Joe guy is just a propaganda artist. The Ruble is artificial kept high yes but its nevertheless higher now then before the war. We all support Ukraine but dont insult us, give us the meat, and give it to us raw.
It's Joe Clickbait.
@@thor.halsliIt's boring now and his credibility is low.
I agree
@@gnrseanra9070 lol, Joe deleted my comment haha. Propaganda Artist indeed
Clearing is basically that the seller gives the goods for the clearing house and buyer hands out the money under the control of the clearing house. Money is released when the buyer gets the goods and then seller gets the money. The money doesn’t show up before the transaction is cleared. This is why EU wants to move it from London. EU trade is massive. Ruzzia needs foreign currencies now the problem is that money flow depends completely what kind of deals they have. Tankers are slow.
With higher interest rates Ruzzian central bank tries to lure foreign investors.
Russia is a kabooming economy 🎉
The ammunition storage sector is very active in this way.
@@Peter_S_explosive growth in 2024
Joe…This is the 15th time the ruble has “ COLLAPSED “ in the last couple years….. will it collapse again????
Same sh**, different day then. No collapse.
I'm sorry mate, since 2022 I hear "russian economics crashing soon".."Russia on the brink of collapse".
Getting abit old....
Cope and seethe, krembot
Totally agree, and with Joe at least a couple of times in the last few months…and yet, nothing seems to change, or no impact whatsoever!
Your economic illiteracy is showing. The various strategies that have been tried have had short term success, but are failing sequentially. Meanwhile by many indicators the ruzzian economy is indeed in severe crisis. But you do you. I take it you are going to invest in rubles?
@@markgriffiths409thank god you are still watching because….hang on….why?
@@ai-d2121 Follow Joe, so like any subscription new vids pop up..
The theme title is the same as a previous one by Joe..so I have not watched this one. And the war continues to rage on, nothing changes..
Insane numbers. How the heck can Rusia still function? Will that affect China?
Again Joe😂😂😂How many ruble collapses are you going to report on before there’s an actual collapse. Is Joe using the power of manifestation😤😤
19% key rate and 9% inflation. That is a collapse. Was better off last month, and better off before that one, ad nauseam. Do the math. That is a collapse.
@@rmdomainer9042 There were already 20 collapses before this one according to Joe collapse aka JC....how many more collapses do you want?
@@rmdomainer9042Ok like last 52 weeks Joe been whinging about Russia and China?
@@rmdomainer9042 Joe ties in these fluctuations as indicators of how the war is heading, which is false. And while the sanctions are having an effect in the short run, overall it’s actually worse for western economies in the long run. You can only do so much money printing and deficit spending, before its permanent effects take hold. Russia is still a top 20 economy globally, and non western countries are evolving into using less western monetary instruments to transact business. That’s basically all they have left, because they don’t have natural resources or manufacturing capacity to bargain with.
@@gnrseanra9070 Yes, has gradually been collapsing all along. You are cottoning on.
Guess average Russian factory man must be thinking about what they can barter for on payday: Vodka, coffee, cigarettes, potatoes or TP?
Pound - Rubel exchange rate is the same now as it was August '23.
Still crap, admittedly but the same crap.
When you show charts that's show us the decline or rise of something, for instance with currencies, can you show us the full chart as well as the chart you're using to make your point? Like with the Rubles worth. I'd love to see the entire life of the ruble so I can really see where it is as far as value goes.
I've been reading the comments, great i am so much more informed cheers from Australia