The shitty part is that a collapsing ruble will disproportionately hurt the working class in Russia. Oligarchs (especially those that own extraction businesses) will be just peachy with this because they do most of their sales in foreign currency and probably have their assets sheltered abroad too. All this means is their costs just got a whole lot lower.

This post was edited on 11/10/14 at 1:16 pm

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Posted by Jagd Tiger

The Kinder, Gentler Jagd

Member since Mar 2014

18139 posts

Posted on 11/10/14 at 1:34 pm to Iosh

quote:
he shitty part is that a collapsing ruble will disproportionately hurt the working class in Russia.

so then it's like the devaluation of the dollar from the feds overprinting of it, which hurts the American working class? hmmm, ya don't say.

yea Putin looks like he is maintaining control on the neighbor states ability to obtain resources like natural gas from other sources, he is acting to help maintain the oligarchy. Interesting how much Russian and US govt's act the same, control business for their own interests, but I'm sure it's just a great big coinky dink!

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Posted by StraightCashHomey21

Aberdeen,NC

Member since Jul 2009

125863 posts

Posted on 11/10/14 at 3:29 pm to Iosh

quote:
The shitty part is that a collapsing ruble will disproportionately hurt the working class in Russia. Oligarchs (especially those that own extraction businesses) will be just peachy with this because they do most of their sales in foreign currency and probably have their assets sheltered abroad too. All this means is their costs just got a whole lot lower.

They live on gov't handouts anyway.

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