A currency that was beaten down to nearly worthless bounces back to something. This is a meaningless headline.
Look at the 5 year graph, and it’s right around where it was 5 years ago.
This is a non-news item.
joaquinsolo on
All thanks to the first Russian asset president, Donald Trump. We salute you komrade, for the glory of the motherland!!!! Thank you for restoring Russian currency to former glory despite being a war-torn nation under heavy economic sanctions. All hail our glorious beautiful leader Donald “the Second Coming of Jesus” Trump.
Giraff3 on
Yes, the US dollar’s strength is definitely faltering due to horrible mismanagement of our country recently (although with issues brewing dating back to Nixon or earlier even if I’m being honest). If you actually read the article though it talks about how the ruble is in trouble, it definitely isn’t trying to flatter Russia. Its increased value being largely artificial, propped up through actions like restricting Russians’ access to foreign currencies.
Which-Sun-3746 on
China and Russia have built an alternative and competitive financial system outside of the Western system. CIPS replaced Swift, Shanghai has a new gold exchange to rival London, and the digital Yuan is being internationalized.
America just has to learn it’s not the only game in town anymore. Its sanctions don’t bite that deep.
4 Comments
So what?
A currency that was beaten down to nearly worthless bounces back to something. This is a meaningless headline.
Look at the 5 year graph, and it’s right around where it was 5 years ago.
This is a non-news item.
All thanks to the first Russian asset president, Donald Trump. We salute you komrade, for the glory of the motherland!!!! Thank you for restoring Russian currency to former glory despite being a war-torn nation under heavy economic sanctions. All hail our glorious beautiful leader Donald “the Second Coming of Jesus” Trump.
Yes, the US dollar’s strength is definitely faltering due to horrible mismanagement of our country recently (although with issues brewing dating back to Nixon or earlier even if I’m being honest). If you actually read the article though it talks about how the ruble is in trouble, it definitely isn’t trying to flatter Russia. Its increased value being largely artificial, propped up through actions like restricting Russians’ access to foreign currencies.
China and Russia have built an alternative and competitive financial system outside of the Western system. CIPS replaced Swift, Shanghai has a new gold exchange to rival London, and the digital Yuan is being internationalized.
America just has to learn it’s not the only game in town anymore. Its sanctions don’t bite that deep.
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