That's where stability is! The fall of the ruble has become the main national tradition

3 November 2020, 16:41
Over the past 100 years, the ruble has been denominated 6 times, having fallen in price by a total of 5,000,000,000,000,000 (15 zeros) times. Over the past 100 years, the dollar has never been denominated.

The less you know the better you sleep. State propagandists say something like this, saying that there is no need for Russians to track the dynamics of the ruble exchange rate.

Experts of the Thought-Not-Thought channel comment on his words:

“As you know, the dollar exceeded 80 rubles, and the euro went out for 94 rubles, having updated the record of December 2014. But why do you need this vanity of vanities, dear citizens? You receive your salary in rubles, and all this time we have been working tirelessly to reduce the import dependence of our economy. Currency surges are less and less affecting the price tags in stores, is it not noticeable?

And in general, who is easy now? All world currencies are in trouble. And everything is stable with us. It doesn't matter that we are at the bottom, it is important that we are stable at the bottom!

In general, there is no need to keep track of the ruble, the tariffs for housing and communal services, too, the price of gasoline is an extra infa, the amount of salaries is the tenth thing. The main thing is to stay there, good mood, health..."

Network analyst Vadim Zhartun also commented on this situation:

“There are three things that can be watched endlessly: the fall of the ruble, the Kremlin's rhetoric on this matter, and the reaction of Russians to the first two.

Since 2014, there are three main reasons for this decline:

- Russian foreign policy and related international sanctions;

- Russian domestic policy and the related inefficiency of the economy hooked on the oil needle;

- oil quotes, which, by their fluctuations, make the ruble roll down not just like that, but bouncing merrily along the way.

Now, due to the threat of a lockdown, oil has gone down - that's all. It should be emphasized that this is not a reason, but only one of the reasons for the fall of the ruble. All the reasons are in the Kremlin, they have names, surnames and high positions.

And when one of these reasons tells us that “as dependence on imports decreases, volatility affects the dynamics of price changes less and less,” this complex phrase requires translation into Russian. In a literal sense, it means the following: what difference does it make how much an import costs if you still can't afford it?

Of course, this is just another lie, because in the 21st century, without imported components, materials, components, you can only make birch bark sandals. Everything else will rise in price, albeit with a slight delay. Even grain and sugar will rise in price, because otherwise it will be more profitable for the producer to export them, and not sell them on the domestic market for the cheaper rubles.

So if a consistently poor state of the economy can be called macroeconomic stability, then yes - this is it.

The last variable in this equation is the Central Bank's gold and foreign exchange reserves. They are quite impressive and can be used to delay the fall of the ruble, but this makes sense for the Central Bank only in the hope of returning high oil prices and only in order to soften the blow to the population.

Considering that the prospects for quotations are unknown to anyone, and the problems of Russians, deprived of leverage over the government, are the problems of Russians, one should count on only minimal intervention. The surge in demand for inexpensive "investment" housing confirms that everyone is perfectly aware of this. For those who only saved up debts, little will change at all..."
