Rant Obama Says Western Sanctions Have Left Russia's Economy 'In Tatters'

[just a punk]

A miserable liar and ass clown.

As most Russians enjoy a week-long holiday vacation, the country's ailing currency is also having a happy new year.

Today, during trading on the Moscow Stock Exchange, the U.S. Dollar's value fell to less than 60 rubles for the first time since 2015, the RBC newspaper reported.

At 2:19 p.m. Moscow time, the exchange rate clocked in at 59.74 rubles per dollar. Shortly thereafter, it stabilized at 59.81 rubles.

The last time the dollar fell below 60 rubles was on July 31, 2015, when the exchange rate dropped to 59.88 rubles.

The euro also depreciated relative to the ruble today, hitting a rate of 62.67 rubles per euro. The day's maximum rate was 63.76 rubles at 10:15 a.m. Moscow time.

The falling exchange rates were accompanied by rising Brent crude oil prices on the ICE Exchange. At 2:20 p.m. Moscow time, March oil futures traded at $56.74 a barrel. During the day, oil prices increased by more than 0.5 percent.

The ruble also appreciated during the first trading of 2017 on the Moscow Stock Exchange. On Jan. 3, the dollar exchange rate fell below 61 rubles to a level of 60.8 rubles, while the euro fell to 63.64 rubles.

Like today, the ruble strengthened due to rising oil prices, which reached more than $57 per barrel.

Source: Dollar Falls to Under 60 Rubles for the First Time Since July 2015

[Sarn]

when this loser will go?

[Barry-xlovecam]

You Russians



Russian Ruble | 1993-2017 | Data | Chart | Calendar | Forecast | News

Better as compared to what?

[just a punk]

Originally Posted by Barry-xlovecam

You Russians

A free hint: the Russian ruble follows the oil prices and it gives a flying fuck about your "sanctions"... simple because the US share in the Russian foreign trading is only about 3% (even India, Turkey or Iran are 10x times more important for Russia than the States). I have no idea what exactly your retarded cocksucker Obama meant when he said that he and his transgender boyfriend Michelle have left Russia's economy "in tatters" (this is a quote). The most stupid clown in the World's history...



Did you vote for that idiot? Oh, you may not answer because there is no direct voting system in the USA and the government doesn't care about personal votes of the peasants... About 2 millions more of Americans have voted for Hillary but your president will be Trump for the next 8 years. The way to go, America! ;)

[Barry-xlovecam]

Obama just said that to piss you rookies off -- I see it worked
In 2000 the price of oil was NOT that high and the Ruble was worth a lot more compared to the Dollar --so why was that?

[Her-Sson]

You do realize that most Russians live in absolute poverty and it is one of the only countries in the world that there are more deaths than births every year.

[pimpmaster9000]

pooty should print US dollars every time the "lesser of 2 evils" potus opens his mouth and starts to shit...its the only way to deal with racketeers...

[just a punk]

Originally Posted by Barry-xlovecam

Obama just said that to piss you rookies off -- I see it worked

Your Obama is a clown who can't keep his word. Personally I like a low ruble to a dollar.

Originally Posted by Her-Sson

You do realize that most Russians live in absolute poverty and it is one of the only countries in the world that there are more deaths than births every year.

Here you go: If You Have $10 And No Debt, You Are Richer Than 15% Of American Households Put Together

[Sarn]

Originally Posted by Barry-xlovecam

Obama just said that to piss you rookies off -- I see it worked
In 2000 the price of oil was NOT that high and the Ruble was worth a lot more compared to the Dollar --so why was that?

Why China devalued the yuan?

[Struggle4Bucks]

Not this shit again lol

[just a punk]

Originally Posted by Barry-xlovecam

In 2000 the price of oil was NOT that high and the Ruble was worth a lot more compared to the Dollar --so why was that?

Just open your eyes and stop talking shit:

Originally Posted by Struggle4Bucks

Not this shit again lol

Why not? I earn in dollars and euros while I'll spend in rubles. Obama talks shit (which is obvious, because he's a clown) while ruble gets strengthened. Hey Barack Hussein jackass, where are your "sanctions" you were talking about in UN? The American ass clown has gave me a hope...



Man, let's be honest. Wouldn't you be worried like me in such a case? A dollar below 60 rubles is no fun at all. I did read this news this morning and I'm not happy with it...

[Sarn]

Originally Posted by Struggle4Bucks

Not this shit again lol

Always as first time))

[just a punk]

A choir of dead Russians about money (for your pleasure?)

[bns666]

Originally Posted by CyberSEO

A choir of dead Russians about money (for your pleasure?)

[Best-In-BC]

Ether which way, Im stuck in Canada, getting taxed up the ass more and more every year

[jmk]

Originally Posted by CyberSEO

A choir of dead Russians about money (for your pleasure?)

I truly hope someone hires them for Internext!

[Nitzer Ebb]

Obama is full of shit. How can you tear something that doesn't exist?
Russian "economy" is a oil pump. Without high oil prices there is nothing left.

[bronco67]

Hey Russian dumbasses....you realize that Putin is one of the richest men in the world, right? Do you think he got super rich by not funneling money from Russian coffers into personal overseas bank accounts?

[OneHungLo]

Originally Posted by CyberSEO

Your Obama is a clown who can't keep his word. Personally I like a low ruble to a dollar.



Here you go: If You Have $10 And No Debt, You Are Richer Than 15% Of American Households Put Together

I guess any minute now the U.S. will be demoted to 3rd world status and russia bumped from 3rd to first world

[Horatio Caine]

Originally Posted by OneHungLo

I guess any minute now the U.S. will be demoted to 3rd world status and russia bumped from 3rd to first world

They have been trying to get their own food stamp program since 2015. Apparently there aren't any money left for it

Free Meals, Food Stamp Program Takes Shape In Russia

“There just isn’t any money now. When we find money, we’ll make the adjustment.”
“You hang in there. Best wishes! Cheers! Take care!”

Medvedev’s Awkward Crimea Moment: ‘There’s Just No Money. But You Take Care!’

Pesky Russians are 80 years behind everyone else. Nowadays brassmonkey has Electronic Benefit Card (EBT) which he passes off for VISA card by taping Wells Fargo logo over it. Putin wants to print food stamps we did in 80's.

[ZiggiZiggiCrew]

Originally Posted by Nitzer Ebb

Russian "economy" is a oil pump. Without high oil prices there is nothing left.

Norwegian "economy" is a oil pump. Without high oil prices there is nothing left
2013: 1 USD = 5,4 NOK
2016: 1 USD = 8,9 NOK

Canadian "economy" is a oil pump. Without high oil prices there is nothing left
2013: 1 CAD = 1.1 USD
2016: 1 CAD = 0.74 USD

[Paul Markham]

So when the oil prices drop, the Ruble drops. Same when it rises.

The problem is very few Russians enjoy the wealth of oil production. And with the world moving away from oil, Russia and others are fucked.

[just a punk]

Originally Posted by jmk

I truly hope someone hires them for Internext!

I don't think someone would hire dead men...

Originally Posted by Paul Markham

So when the oil prices drop, the Ruble drops. Same when it rises.

Ding, ding, ding! We've got a winner

Originally Posted by bronco67

Hey Russian dumbasses....you realize that Putin is one of the richest men in the world, right? Do you think he got super rich by not funneling money from Russian coffers into personal overseas bank accounts?

Yet another Einstein here. Did you mom told you are a special one? I'm not a part of that system and I earn the money with my brain. But.... 86% or so (those who approve Putin) are used to live with corruption and they like it. The average official (aka "white") salary in Russia is about $500 a month. The average price of living apartments in Moscow is $3000... per ONE square meter. How come? I'll give you a hint, the most insulting swearing in Russia is: "wish you to live for your official salary only".

[pimpmaster9000]

pooty > chuck norris

[Bladewire]

[just a punk]

Originally Posted by Nitzer Ebb

Russian "economy" is a oil pump. Without high oil prices there is nothing left.

Indeed it is. Just like the Norway "economy" and other banana republics. But in contrast to Zambia, Norway or Somalia, Russia is the only country on the planet which is able to send people to the outer space, and it is one of two countries in the world that can destroy the planet in 30 minutes. I'm not proud of that, but this single fact describes our technological level just perfectly. Zimbabwe, Nigeria, Norway or Portugal and others can not do something similar - they still live in XIX century.

[Barry-xlovecam]

USD/RUB (United States dollar/Russian ruble) Jan 2000 (01.2000) exchange rate history
Jan 31
28.55
Annual Average
Domestic Crude Oil Prices (in $/Barrel)
Inflation Adjusted to August 2016
2000 $27.39 $38.29

USD/RUB (United States dollar/Russian ruble) Dec 2016 (12.2016) exchange rate history
Dec 31
60.66
The current price of WTI crude oil as of January 06, 2017 is $54.07 per barrel.

Look it up if you really believe what you are saying ...
Your Rubles have lost half their value when traded against the dollar and net oil prices are up -- WTF Putin?

[just a punk]

Originally Posted by Barry-xlovecam

Look it up if you really believe what you are saying ...
Your Rubles have lost half their value when traded against the dollar and net oil prices are up -- WTF Putin?

Need more hints, Einstein?

[Sarn]

Originally Posted by Barry-xlovecam

Look it up if you really believe what you are saying ...
Your Rubles have lost half their value when traded against the dollar and net oil prices are up -- WTF Putin?

This means we can not trust the financial system and the US - dollar Ponzi piramile value of $ 20 trillion.

[Barry-xlovecam]

Not impressed at all.
Keep posting charts if you like.

[Bladewire]

Originally Posted by Sarn

This means we can not trust the financial system and the US

When did you ever trust the US?

[Nitzer Ebb]

Originally Posted by ZiggiZiggiCrew

Norwegian "economy" is a oil pump. Without high oil prices there is nothing left
2013: 1 USD = 5,4 NOK
2016: 1 USD = 8,9 NOK

Canadian "economy" is a oil pump. Without high oil prices there is nothing left
2013: 1 CAD = 1.1 USD
2016: 1 CAD = 0.74 USD

Norway's GDP per capita is 4 times greater than Russia. Devalued Krone resulted in some inflation but not much.
Norway Inflation Rate | 1950-2017 | Data | Chart | Calendar | Forecast
Inflation in Russia is in double digits.

Petroleum is not the only thing in Norwegian economy. But almost 60% of Russian government revenue comes from oil.

The government's revenues - Norwegianpetroleum.no - Norwegian Petroleum



Canadian dollar has never been greater than US dollar, so you are full of shit.

[Nitzer Ebb]

Originally Posted by CyberSEO

Indeed it is. Just like the Norway "economy" and other banana republics. But in contrast to Zambia, Norway or Somalia, Russia is the only country on the planet which is able to send people to the outer space, and it is one of two countries in the world that can destroy the planet in 30 minutes. I'm not proud of that, but this single fact describes our technological level just perfectly. Zimbabwe, Nigeria, Norway or Portugal and others can not do something similar - they still live in XIX century.

Space is about the only thing you have left from old Soviet Union.
Other than that your "technological level" is 20 year behind developed countries. You do not make any competitive products on a world market.

[Barry-xlovecam]

Let him have his Russian delusion -- watching is pure entertainment.

That said, Russia makes good armaments and exports them world wide.

[Bladewire]

Originally Posted by Nitzer Ebb

Other than that your "technological level" is 20 year behind developed countries. You do not make any competitive products on a world market.

Most technological advancement in nesting dolls, their #1 export

[ianmoone332000]

Obama - Makes great speeches but would rather be playing golf than sorting any problems out. Hes fucking hopeless

[just a punk]

Originally Posted by Nitzer Ebb

Norway's GDP per capita is 4 times greater than Russia.

Norway is a banana republic which nobody would be able to even find on the Word's map. It's somewhere in between Algeria and Pakistan. If you ask anybody what he knows about that country (any inventions, role in the history etc), you will hear nothing

Originally Posted by Nitzer Ebb

Space is about the only thing you have left from old Soviet Union.

Space, rocket technologies, nuclear power, IT etc. Just everything you banana aborigines can't even dream about. Just ask anybody what was invented in Norway. Right, the answer is nothing! You are trying to compare GDP? Are you relay that dumb or what?

P.S. Yeah I have to admit. You have invented Breivik. Such a great contribution to the world history...

[Bladewire]

Originally Posted by CyberSEO

Just ask anybody what was invented in Norway. Right, the answer is nothing!

Aerosol can, paper clip & cheese slicer

[Nitzer Ebb]

Originally Posted by CyberSEO

Norway is a banana republic which nobody would be able to even find on the Word's map. It's somewhere in between Algeria and Pakistan. If you ask anybody what he knows about that country (any inventions, role in the history etc), you will hear nothing



Space, rocket technologies, nuclear power, IT etc. Just everything you banana aborigines can't even dream about. Just ask anybody what was invented in Norway. Right, the answer is nothing! You are trying to compare GDP? Are you relay that dumb or what?

P.S. Yeah I have to admit. You have invented Breivik. Such a great contribution to the world history...

We do not need to reinvent the wheel to be successful nation. On other hand, you can't figure shit out for centuries. 4% inflation is super high for Norway. 30% inflation for Russia is a repetitive factor. Our quality of live is always in top 10 of the world. Russia is not cracking up 100. Enjoy your nesting dolls and Ladas, silly russian.

[just a punk]

Originally Posted by Nitzer Ebb

Our quality of live is always in top 10 of the world.

Tell it to Mongolians. They also think so

I've never been to Norway and God bless me will never be there (knocking on the wood). But I've seen a few videos about that country on Discovery. A cold, a gloomy, a boring as shit and very-Very-VERY overpriced part of Africa that supplies the EU with natural gas and oil.

[OneHungLo]

What's russia's post-oil future besides nesting dolls? Exporting Ladas? Wall rugs?

[Bladewire]

[Nitzer Ebb]

Originally Posted by CyberSEO

A cold, a gloomy, a boring as shit ... supplies the EU with natural gas and oil.

This looks very exciting.




PS: Sorry you can't get visa in to Norway. We only want first class tourists coming in. Visa free.

[just a punk]

Originally Posted by OneHungLo

Have I told you to stop posting my personal images?

Originally Posted by Nitzer Ebb

PS: Sorry you can't get visa in to Norway. We only want first class tourists coming in. Visa free.

Are you drunk or what? A normal guy says: "I have bought a ticket to Pattaya/Las Vegas/Havana/Maldives/Kemer/Dubai to spend my vacation..." and some moron with a brain damage adds: "Uhh, that's so usual and boring. I wanted to go to... Norway but I was unable to get a visa to that shiny paradise " Can you imagine that?

Вот жеж идиот, блять

[Nitzer Ebb]

Originally Posted by OneHungLo

What's russia's post-oil future besides nesting dolls? Exporting Ladas? Wall rugs?

Dumb Russian suggests its pocket size rocket engines, atomic bombs and some sort of IT.
I have never seen anything "IT" coming out of Russia. I know a lot of smart people run away from there leaving the dumb crowd behind.

[just a punk]

Originally Posted by Nitzer Ebb

I have never seen anything "IT" coming out of Russia.

Open your eyes, clown. A half of GFY is talking about some magical Russian super-duper evil IT genius who have hacked a whole America. Yeah... not a whole, but at least they stole Christmas and... the elections!

[VRPdommy]

Worldwide, OIL is traded in US Dollars. So when you want to buy OPEC oil, you need Dollars to do it.

When the price of OIL goes up, so does the need for DOLLARS. Hence the higher demand for Dollars brings the valuation up against currency's that need to buy them. Whenever the future price expectation for OIL is HIGHER, everyone buy's more DOLLARS in advance of that to save on future exchange rates.

OIL is just about the only thing keeping the RUSSIAN Government afloat. The only other thing they export of any significance is VODKA and Military ARMS. Putin had told it's people that the US and Saudi's had conspired to deflate the cost of oil to ruin his government when in reality it was the decreased demand from China and increased production from the US and other nations including the Saudi's who do not want to give up market share. No matter the price, we are awash in OIL.

The price of it has not been about supply and demand for some time. Just expectations of it that are easily manipulated from the reality on the ground by Investment Banks that play oil.
Morgan Stanly is probably the largest oil trader in the world. Indirectly owning the most storage facilities and tankers that sometimes act as oil storage facilities.

Since Russia is non-OPEC nation, their OIL becomes more attractive when the cost of the DOLLAR goes up as do all non-opec oil exporting nations raising the value of their currency.
But oil is not the only thing effecting these markets.

Shortly after the US went off the GOLD STANDARD, the agreement was made to tie the price of OIL to the DOLLAR and has had the effect of backing the currency.
And is why Russia, Iran and a few other adversary nations have wanted to change that standard for the last 12 or more years. Even though it has provided currency stabilization of all the world including those that now oppose it.

I would remind those that think the US is OIL independent that we still import a lot of OIL.
Trump, and EXXON-MOBILE want more of it to come from RUSSIA. So they want to relax the sanctions imposed on Russia from their invasion of Crimea (and other things) that would allow that to take place.

Some of those charts posted in this thread actually contradict what the author is trying to point out. You need to understand both the currency and energy markets to draw conclusions from them. Take them with a grain of salt or a barrel of pepper... ...LOL...

Regardless of what you think of Trump, Putin or the currency exchange rates, name calling is not going to change how the things about to transpire are going to effect you and I will say, many are in for a rude awakening. Calling names or belittlement of anyone is not going to help you change that fact.
You better get serious about your future.

[just a punk]

Originally Posted by VRPdommy

You better get serious about your future.

My future is not glued to natural gas and oil. I can make my coin in any place of this planet (course if it's connected to the internet ;)). As about Russia, so it already started to trade with China in rubles and yuans.

[VRPdommy]

Originally Posted by CyberSEO

My future is not glued to natural gas and oil. I can make my coin in any place of this planet (course if it's connected to the internet ;)). As about Russia, so it already started to trade with China in rubles and yuans.

Well I'm glad for you. But you better hope your customers are just as immune.
Funny how interdependent the world is now-a-days !

[Barry-xlovecam]

Nice analysis VRPdommy however ... The petro economy is past its half-life.

Apply Moore's Law to the alt-energy movement and oil loses its critical importance if things continue to pan out.

I think that Natural Gas will be the primary fossil fuel used in heating. Crude oil will become a byproduct -- used for lubricants and base chemicals -- not as a fuel.

Trump and Exxon or Putin nor OPEC cannot turn back the hands of time -- only stall the inevitable