Comments by "Stephen Hill" (@stephenhill545) on "BOTTOMLESS PIT Russian Ruble Has No Support" video.

  1. People are literally starving in Noeth Korea.
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  2. It creates inflation, which is the Russian government's biggest worry.
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  3. It adds to inflation. Inflationary pressure is the big problem. Usually governments increase interest rates and/or reduce spending, but Russia has a war economy, and interest rates are at 21%. It will either have to stop the war or risk hyperinflation.
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  4. They are buying rubles with whatever foreign currency they have. That is a finite strategy.
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  5. Yes, that's the usual method. Very costly though, and Russia, cut off from the capital markets, has limited funds.
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  6. 2014: 1/30. 2024 1/112 😮
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  7. It doesn't get stronger. It was 1/30 in 2014. The depreciation since sanctions were put on in 2014 is 375%!
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  8. It was 1/30, and then they invaded Crimea.
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  9. Everbody will buy your dollars for rubles. It was 1/30 until the illegal annexation of Crimea. It lost 375% of its value against the US dollar.
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