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Oh Hell yes. Tom Send a noteboard - 16/12/2014 03:39:30 PM

You see, because of the sanctions the vast majority of Russians blame the US and the EU for what's happening. There's also a certain level of "here we go again" because in 1992, 1994 and 1998 the rouble lost more than half its value. People learned to deal with that, with power cuts, with no hot water for days at a time and are pretty resilient. The real tragedy is at the personal level, where savings are being wiped out. But to give you an idea of where the rouble is now and where it was:

Official 1990 rate - 0.60 roubles/dollar (black market rate was about 250)
Summer 1993 - 2,000 roubles/dollar
Summer 1994 - 4,000 roubles/dollar (lost half its value in one year)
Summer 1995 - 5,000 roubles/dollar
Summer 1998 - 7 roubles/dollar (revaluation of the currency at 1000 to 1, so really like 7000)
Summer 1998 - 18 roubles/dollar (happened over the course of two weeks in August)
Spring 2000 - 23 roubles/dollar

Since that time and before the last few weeks, the rouble was at 23-30 to the dollar, fluctuating. However, it dropped in the last few weeks and now it's in uncontrolled free fall - it dropped to 58 yesterday and today it went to 80 briefly before rallying to 72. There's no way you can have a savings account in that environment. Average people are just fucked.

Political correctness is the pettiest form of casuistry.

ἡ δὲ κἀκ τριῶν τρυπημάτων ἐργαζομένη ἐνεκάλει τῇ φύσει, δυσφορουμένη, ὅτι δὴ μὴ καὶ τοὺς τιτθοὺς αὐτῇ εὐρύτερον ἢ νῦν εἰσι τρυπώη, ὅπως καὶ ἄλλην ἐνταῦθα μίξιν ἐπιτεχνᾶσθαι δυνατὴ εἴη. – Procopius

Ummaka qinnassa nīk!

*MySmiley*
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Is Russia going to collapse, again? - 16/12/2014 02:37:07 PM 849 Views
Yes and no. - 16/12/2014 02:41:09 PM 562 Views
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Oh Hell yes. - 16/12/2014 03:39:30 PM 498 Views
I am not up on Russian politics..... - 16/12/2014 05:57:54 PM 500 Views
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Sorry, you got me wrong there - 16/12/2014 10:58:25 PM 570 Views
I see. Consider yourself frowned upon, good sir. - 16/12/2014 11:11:33 PM 661 Views
He made Obama his bitch *NM* - 16/12/2014 09:29:53 PM 281 Views
you think it will last if the economy stays down? - 16/12/2014 09:31:05 PM 614 Views
Yes. I think it will. - 18/12/2014 02:42:09 PM 475 Views
Gee, sounds like Russia really is a horrible place..... - 18/12/2014 03:08:28 PM 570 Views
Well, outside the big cities it sort of is a horrible place - 18/12/2014 04:03:22 PM 503 Views

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