80% chance of Russia defaulting on their debt
Ruble worth less than a Penny
He'll be lucky to survive the next 5 weeks.Yes, I expect the Russian economy to collapse over the next year. Putin has painted himself into a corner. I don't think he can survive this blunder in the next 5 years.
Toilet paper is worth more then the Ruble right now.80% chance of Russia defaulting on their debt
Ruble worth less than a Penny
He'll be lucky to survive the next 5 weeks.
Stephen Collinson writes, Millions of lives could be destroyed to slake Vladimir Putin’s Cold War obsession.Yes, I expect the Russian economy to collapse over the next year. Putin has painted himself into a corner. I don't think he can survive this blunder in the next 5 years.
It's lost nearly 50 percent of its value this year and is falling badly, but that's not nearly as bad as some currencies, e.g., the Venezuelan Bolivar last year had the currency replaced by one with six fewer zeroes, so one new Bolivar = one million old Bolivars; the inflation rate last year was 686%.Toilet paper is worth more then the Ruble right now.
I don’t understand this “Ruble is worth less than a penny” stuff that people have been parroting over and over. It was worth less than a penny before the invasion. It’s lost about half its value versus the USD. Yeah that’s tough but it’s holding value far better than I would have thought.80% chance of Russia defaulting on their debt
Ruble worth less than a Penny