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Tx240
Jake Broe
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Comments by "Tx240" (@Texas240) on "Russian Ruble Collapsing! Russia in Serious Trouble!" video.
@arturobianco848 Putin or his central bank head, who is very intelligent and capable (and who tried to resign at the outset of the 2022 invasion but was told "work or window, no resignation"), have put in place other measures to help prop up the Ruble. Companies are required to repatriate foreign profits. So, businesses are required to buy Rubles with real money. The short term benefit is that it takes some pressure off the foreign currency reserves. The longer term result is that those companies are less profitable and possibly begin losing money as they trade real money for Russian toilet paper. That means less ability to buy Rubles with profits earned.
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@sombong1423 ironic that you referred to the "Ruble" as "rubble". Your subconscious isn't letting you spread your nonsense unchecked. Too funny.
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7:00 let's let the eggs hatch before counting the chickens. Trump had qualified, experienced medical policy advisors during Covid and didn't listen to them. He preferred to brainstorm as hard as 2nd grader and came up with "inject people with Lycol or UV light" and caused several deaths after people began eating their pet's medication under Trump's encouragement. You can lead a horse to water but you can't make it not be a dumbass.
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@nicholasgoodfellow5774 the joke makes sense because each 1 Ruble note is worth LESS than a US penny.
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Perhaps Biden finally realized he was hurting Ukraine by protecting Russia. Maybe someone stuffed Jake Sullivan, defacto Russian agent, in a mop closet.
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Ouch. Facts. Truth hurts.
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Bots were all talking about BRICS was going to replace the dollar with Ruble among those trading partners. Nope!
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@potatogod3882 actually, the BRICS nations DID want to replace the USD as their preferred currency. Their can't use the Yuan because China is so manipulative of the currency. When the world thought Russia was a super power with a strong and growing economy, the Ruble was hoped to be the currency of choice by BRICS to replace USD. Of course, now the Ruble would have difficulty replacing toilet paper.
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Putin also passed laws requiring repatriation of foreign profits earned by Russian companies. So, those companies are forced to buy Rubles with whatever foreign profits. The medium and long term problem with that is hurting those businesses ability to profit or remain solvent as they are forced to lose money buying the Ruble with actual money.
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