Russian rate raised today to 17% to try and stop fall of Ruble

Interesting! Any effect on pm except in Russia where they keep rising in Rubles as it sinks vs. USD.

http://finance.yahoo.com/news/russia-increases-key-interest-rate-221106486.html

 

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Very interesting, but seriously a dangerous sign for the economy

 

http://money.cnn.com/2014/12/14/news/economy/russia-weapons-trade/

 

I heard a pretty good presentation on Russia about 6 months ago. The presenter strongly feels Putin believes Russia has like 5 years to remake the world to the way they want it due to the rapid aging demographics of his country. The birth rate has been so low for so long every year there simply are fewer and fewer potential soldiers available. Taking away a lot of his oil money probably hurts a lot worst than the sanctions.

 

Plus the average Russian male life expectancy is 64 due to heavy alcohol consumption. The big concern tho, the low oil prices will push Putin into a corner, forcing him to act. Perhaps a war in europe. He's certainly proven willing to do it.

 

Time to invest in Russian equities.

 

not enough oversight or regulation of the russian market. I'd certainly wait until it appears the ruble turns around.

 

And if it doesn't turn around , wait for Russia to declare default, and all investors except those given a central bank deal of protection, to lose their shares , and the 'new' ruble to start up. Russia 1998 all over again.

http://research.stlouisfed.org/publications/review/02/11/ChiodoOwyang.pdf

 

Россия Великая Страна!!! приготовьтесь лучше пиндосы, скоро везде рубль будет)))

 

For the love of God, I don't speak Russian (cryllic)......

 

learn Russian. he will soon need))

 

Russia is a great country !!! prepare better Pindos, the ruble will soon be everywhere)))

Daniel,

пожалуйста, прочитайте Google Translate правила форума

https://www.cointalk.com/threads/coin-talk-rules.34131/

как мы запрещаем политические проводки. Спасибо

 

Yeah....Putin wishes. He's still wrestling with women and big cats.....

 

Now green, I just warned him about politics on the forums.

 

Sorry Jim......could't help myself.

 

I find it mind boggling that the ruble devalued by 50% in just three months time. Can you imagine the chaos if that happened to the US dollar? Crazy stuff

 

I seem to remember that Russia was dramatically increasing gold reserves over the last few months - I guess that the writing was on the wall for the large decrease in the rouble value. Another example of politicians better able to prepare leaving their citizens to struggle to pay for essentials with less and less value to their money?

 

I can't imagine they have anywhere near enough gold to balance such a huge and sudden devaluation. We are talking dollar amounts in the trillions which is then hundreds of millions of troy ounces of gold bullion. I would be surprised if they managed to stockpile even a quarter of that.

 

They've also been using a lot of the gold reserves to buoy things up in their faltering economy with sanctions, and now oil dropping, a bad situation for the everyday Russian. The oligarchs, most of their wealth is probably in non-ruble assets so they don't really care.

 

As usual the common people suffer while the Oligarchs party.