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submitted 6 days ago by Deceptichum@quokk.au to c/world@quokk.au

Rouble hit 110 against the dollar after US introduced sanctions against Gazprombank, Russia’s third-largest bank

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[-] supaSuit@lemmy.frozeninferno.xyz 10 points 6 days ago

Let them eat lead.

[-] BETYU@moist.catsweat.com 3 points 6 days ago

lets see if the central bank of Russia is still going to buy the ruble or if they have to because Putin said so. at this rate it does not matter how much Russia increases there Military budget it will keep going down anyway.

[-] qyron@sopuli.xyz 3 points 6 days ago

Let's say some crazy person decided to just go and buy, let's say, a million rubles, just for the sake of saying they're a millionaire.

It is on a sinking course but it will eventually recover value. If time was of no concern, wouldn't that person eventually make something out of it?

[-] Hubi@feddit.org 19 points 6 days ago

but it will eventually recover value

That's a pretty bold assumption.

[-] qyron@sopuli.xyz 1 points 6 days ago

The war that country triggered is the work of a dictator but the country itself does not deserve obliteration.

[-] Hubi@feddit.org 8 points 6 days ago* (last edited 6 days ago)

The civilians don't deserve it but their mafia state and its institutions definitely do.

[-] qyron@sopuli.xyz 1 points 6 days ago

Those. Not the civilians being held almost at a hostage situation

[-] Deceptichum@quokk.au 15 points 6 days ago

That’s called Forex, you’d have better luck with stocks.

[-] qyron@sopuli.xyz 2 points 6 days ago

For the giggles of it? I would. Do I have the cash? I don't.

[-] Beacon@fedia.io 6 points 6 days ago

If your goal is to lose money, then that's a great plan. There's almost no chance that investment would ever beat the amount of money you'd make by investing in an s&p mutual fund

[-] DarkThoughts@fedia.io 5 points 6 days ago

I don't think you get anything if they end up defaulting, which is likely to happen.

[-] HaleHirsute@infosec.pub 2 points 6 days ago

Depending on what country you’re in and from it might be hard to get them, and if you do you might be going against some sanction.

[-] quinceyBones@lemmy.zip 1 points 6 days ago

Hopefully it's not too late before Trump gets in to undo it all.

[-] humanspiral@lemmy.ca -2 points 6 days ago

It's good news that this is the result of new sanctions instead of insider trading over a nuclear strike decision.

[-] atro_city@fedia.io -1 points 6 days ago

Let's say it how it is: it doesn't matter if:

  • Russia wins the war
  • Russian citizens don't feel the pain
  • The West just continues treating Ukraine as a drone testing area
  • Trump stops helping Ukraine

Nearly a third of Russia’s 2024 budget has been allocated to military spending, the highest level since the cold war.

While all of NATO's military spending wobbles around 2% like there isn't a war going on.

[-] BatrickPateman@lemmy.world 5 points 6 days ago

Don't think just looking at the regular yearly budget covers everything spent in the context of that war (e.g. Germany's special budget, EU-level spendings, etc.), but I agree there should be (even) more.

[-] phdeeznuts@mander.xyz -3 points 6 days ago
[-] jmcs@discuss.tchncs.de 7 points 6 days ago

The guardian doesn't have a paywall

this post was submitted on 28 Nov 2024
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