Comments by "Paul Aiello" (@paul1979uk2000) on "Why is the Russian Ruble So Strong Right Now?" video.

  1. If history is any indicator, currencies tend to go up shortly after sanctions because the government gets desperate to prop them up, but the damage of sanctions is longer term, years in fact. Russia isn't doing well already if you ask the common Russia but things are very likely going to get much worse as Russia becomes more isolated, untrustworthy and the Europeans don't buy any of its natural resources, in other words, the real damage is likely to kick in either later next year or the year after and even the likes of China will not want to buy too much from Russia because Putin has shown to be willing to use natural resources as a weapon, so China, India and others won't want to be too dependent on Russia but they are more than happy to take advantage of Russia's weakness by blackmailing them into selling oil and gas dirt cheap to them, either way, that's hurting as well. So basically, give the sanctions some time to really bite and I think the real biting moment will be around when European countries buy little to no natural resources from Russia, that isn't going to happen till at least next year at the earliest but the percentage of what they buy from them will continue to drop, ironically thanks to Putin playing games by cutting the pipe which ironically is playing into the hands of the EU that wants to ban gas but can't because of some EU members, Putin is helping to force that issue by shooting himself in the foot whiles at the same time, forcing bigger changes in Europe that I suspect longer term, fossil fuel countries are not happy about because we might see a decade or more of the fossil industry wiped out thanks to Putin, that is a lot of money. As for oil and gas prices, that can't stay high longer than 2 or so years, the longer the prices stay high, the more money and investment countries will do into alternatives, in other words, they'll go out of their way to kill the fossil industry if they don't bring prices down to a normal level, they might have 2 years on that before governments really start to push back aggressively against the fossil industry which if they do, that's the beginning of the end of the fossil industry. So just grin and bare the high prices for a year or two before things settle down and if the fossil industry tries to get cleaver at the time, don't expect countries all over the world to just accept the high prices, it doesn't work that way, they will find alternatives, especially the rich ones that have the resources to make it happen
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