Earlier quoted context omitted.
> I'd still buy Russian products after Ukraine Good to announce your cheerful complicity in mass murder on here so we know not to take you seriously.
You never buy anything from China?
Ask HN: Why did the ruble stabilize and what's going on?
61–70 of 253 posts
Re: Ask HN: Why did the ruble stabilize and what's going on?
#62Russian exports have been badly dented, but some oil and gas remains. Russian imports have been completely wrecked. Effectively the sanctions have _improved_ their balance of payments. They have some money, but nobody will sell to them. Slightly different situation from their money being worthless because they're outspending their ability to earn hard currency.
>but nobody will sell to them. The self anointed "international community" is only a very small fraction of the actual world. This is typical western hubris and arrogance thinking that everyone will blindly follow them and those who don't, will powerlessly suffer the consequences of the wrath of the west. Russia has money, the world loves money, the world will sell to Russia. Not only that, but there's no shortage of…
Re: Ask HN: Why did the ruble stabilize and what's going on?
#63My suggestion is reading one/some Antony Sutton books, simply to visualize a bit the fact that money is not anymore and since decades and decades a shared unit of measure of nearly anything being instead a virtual substrate of nearly anything under private control. With that in mind you can metabolize the fact that the actual dollar hegemony is at the end because it's tangible value is less and less accepted. Russia,…
Re: Ask HN: Why did the ruble stabilize and what's going on?
#64The value of a currency isn't exactly decided by what it is worth to Americans. Russia still has everything they had before the war, which is still as intrinsically valuable as ever & they are still willing to trade. They haven't changed their regulatory environment in crazy ways and haven't suffered major hits to their productive capacity. In some senses, it is difficult to see why a sanctions attack against Russia…
> I'd still buy Russian products after Ukraine Good to announce your cheerful complicity in mass murder on here so we know not to take you seriously.
> Good to announce your cheerful complicity in mass murder on here so we know not to take you seriously.
I attended a critical-thinking and logical reasoning class in University back in the day, and I'm trying to see what all logical fallacies you have committed (I'm not very good at this):
1. Non sequitur [1]? Because I don't really see how buying a Russian product supports mass murder.
And I think you have committed it again, because your conclusion that if somebody supports mass murder, then they shouldn't be taken seriously, is questionable.
I mean, for example, should the leader of Russia (think about their stand on mass murder) be taken seriously?
(I might also argue you committed the hasty generalization [3] fallacy here).
2. Cherry picking [2], because in the clause you quoted, you conveniently chose to omit the earlier clause of that same sentence.
3. Sweeping generalization [4], because you implicitly assume all Russians support mass murder.
4. Straw man fallacy [5]. You're not even addressing anything the parent commenter actually said.
5. False dilemma? [6]. I'm not too sure about this one, but I feel you're implicitly saying that because the parent commenter buys Russian products they must be supporting mass murder.
[1] https://en.m.wikipedia.org/wiki/Formal_fallacy
[2] https://en.m.wikipedia.org/wiki/Cherry_picking
[3] https://en.m.wikipedia.org/wiki/Faulty_generalization
[4] https://en.m.wikipedia.org/wiki/Secundum_quid
Re: Ask HN: Why did the ruble stabilize and what's going on?
#65Earlier quoted context omitted.
> The entire gambit was to take UA quickly and then use it as a pawn to get concessions from the West. Nope, it was to take Ukraine quickly and parade it as an internal trophy, while also taking out a possible big competitor for the oil and gas market. Putin didn't want any concessions from the West, just business as usual. He wanted to be left alone to "digest Ukraine" and ponder next steps. Edit: I'd want to hear p…
As is usually the case when monstrous plots are afoot, the villain cheerfully told the world exactly what he was planning to do and why. He wants to recreate the Soviet Union. https://www.theguardian.com/commentisfree/2022/feb/22/putin-... Initial "peace proposals" from Russia included a rollback of NATO's military assistance to its 1997 condition, explicitly limiting the sovereignty of Poland and the Baltic states:…
Re: Ask HN: Why did the ruble stabilize and what's going on?
#66Earlier quoted context omitted.
As is usually the case when monstrous plots are afoot, the villain cheerfully told the world exactly what he was planning to do and why. He wants to recreate the Soviet Union. https://www.theguardian.com/commentisfree/2022/feb/22/putin-... Initial "peace proposals" from Russia included a rollback of NATO's military assistance to its 1997 condition, explicitly limiting the sovereignty of Poland and the Baltic states:…
Quoted post unavailable.
Re: Ask HN: Why did the ruble stabilize and what's going on?
#67Supply and demand. 1. Capital controls. Russians are legally not allowed to sell their Rubles anymore. This decreases supply and keeps prices up. 2. A healthy dose of foreign currency ($1B/day from Germany alone) gives the Russian central bank plenty of tools to buy Rubles and increase demand for it to keep prices up. This does not mean that the existing sanctions aren’t working. Eventually Russian factories will run…
They also had existing foreign currency reserves (far more than the foreign currency still flowing into the country) to sell for rubles to prop up the currency (easier to to force up the price for rubles when most people arent allowed to sell theirs) They're expected to run out of accessible foreign currency reserves soon if they continue at this rate though, and the head of the Russian Central Bank tasked with actua…
Over half of those are frozen due to sanctions, but even the rest is hard to use, because any transaction may be blocked out of abundance of zeal.
That's why capital controls are used to keep the official rate at pre-war level. Aside from restrictions on selling the ruble, Russian state forces all businesses that are paid in foreign currencies to immediately sell 70%. This increases the demand for ruble.
Re: Ask HN: Why did the ruble stabilize and what's going on?
#68Earlier quoted context omitted.
As is usually the case when monstrous plots are afoot, the villain cheerfully told the world exactly what he was planning to do and why. He wants to recreate the Soviet Union. https://www.theguardian.com/commentisfree/2022/feb/22/putin-... Initial "peace proposals" from Russia included a rollback of NATO's military assistance to its 1997 condition, explicitly limiting the sovereignty of Poland and the Baltic states:…
Quoted post unavailable.
Re: Ask HN: Why did the ruble stabilize and what's going on?
#69Earlier quoted context omitted.
As is usually the case when monstrous plots are afoot, the villain cheerfully told the world exactly what he was planning to do and why. He wants to recreate the Soviet Union. https://www.theguardian.com/commentisfree/2022/feb/22/putin-... Initial "peace proposals" from Russia included a rollback of NATO's military assistance to its 1997 condition, explicitly limiting the sovereignty of Poland and the Baltic states:…
Quoted post unavailable.