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L.W. Paradis
The Jimmy Dore Show
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Comments by "L.W. Paradis" (@l.w.paradis2108) on "Italy u0026 Germany Buy Gas In Rubles Not Dollars For First Time!" video.
@Janoip You might want to cite your sources. 🤣
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The ruble fell below 60 per dollar, so the Russian central bank cut rates, to raise it back above 60. They don't want to hurt allies or exports. The ruble's value rose too fast. We are the ones with the inflation.
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The ruble fell below 60 per dollar, so the Russian central bank cut rates, to raise it back above 60. They don't want to hurt allies or exports.
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The ruble fell below 60 per dollar, so the Russian central bank cut rates, to raise it back above 60.
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@comingviking The Soviets? Um, for math, physics, and ice skating, sure. Piano. Other stuff? Not so much.
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@misterpibb108 Ah, but that predates the USSR, mostly!
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@misterpibb108 I don't disagree, exactly. The older I get, the more I regret I didn't grow up there. I mean it.
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@YuliaPulia My understanding is that cutting rates (in a currency that is not a major global reserve currency) makes it less attractive short-term, hence more units of that currency will be needed to buy one US dollar (Euro, Pound sterling, etc.) If that is not the correct logic, please let me know. I want to get this right. The US is raising rates now to stem the weakening of the dollar (aka inflation).
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