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Ask HN: Why did the ruble stabilize and what's going on?

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Re: Ask HN: Why did the ruble stabilize and what's going on?

#101

Post by frosted-flakes »

spaceheater wrote: post #75

I am in Russia right now. Since 18 April it is possible to buy USD, although current rate is slightly higher 77 (Google) vs 86 (that is from an actual local exchange office, not a bank, you can walk in and buy). Since the whole world seems to hate Russians right now, I guess no point buying USD and traveling somewhere. I keep hearing stories how "in just a few months" everything is going to collapse and people will b…

The whole world does not hate Russians. On the contrary, I've seen a lot of empathy for Russians abroad and in Russia who do not support the invasion of and atrocities in the Ukraine but still have to suffer because of the Russian government's, or rather Vladimir Putin's, actions. Obviously, yes, Russians who express support for Putin are hated, rightfully so.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#102

Post by kaba0 »

Markoff wrote: post #59
Mountain_Skies wrote: post #37

Earlier quoted context omitted.

>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…

yup, international community = less than 1/4 of countries on this planet judging by Western MSM you see here in Europe you would think everyone in world sanctioned evil Russia while opposite is true

Maybe look at the relative size of the countries’ respective economies. Whether French Guiana sanctions Russia doesn’t matter nearly as much as e.g. the European Union doing so.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#103

Post by michalu »

frosted-flakes wrote: post #101
spaceheater wrote: post #75

I am in Russia right now. Since 18 April it is possible to buy USD, although current rate is slightly higher 77 (Google) vs 86 (that is from an actual local exchange office, not a bank, you can walk in and buy). Since the whole world seems to hate Russians right now, I guess no point buying USD and traveling somewhere. I keep hearing stories how "in just a few months" everything is going to collapse and people will b…

The whole world does not hate Russians. On the contrary, I've seen a lot of empathy for Russians abroad and in Russia who do not support the invasion of and atrocities in the Ukraine but still have to suffer because of the Russian government's, or rather Vladimir Putin's, actions. Obviously, yes, Russians who express support for Putin are hated, rightfully so.

"Russians abroad and in Russia who do not support the invasion" lol like Russians abroad have a choice ... it's funny to observe how the west from it's high moral ground and use or 'isms' left and right goes on to full on support of nazism.

I guess nobody gave an F about Ukraine until now and all those mainstream media articles from 2014-2021 about nazism problem and anti-russian atrocities have gone ignored. Apparently, people had another pet cause to read about in those years.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#104

Post by ShivShankaran »

spaceheater wrote: post #75

I am in Russia right now. Since 18 April it is possible to buy USD, although current rate is slightly higher 77 (Google) vs 86 (that is from an actual local exchange office, not a bank, you can walk in and buy). Since the whole world seems to hate Russians right now, I guess no point buying USD and traveling somewhere. I keep hearing stories how "in just a few months" everything is going to collapse and people will b…

No post body was provided.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#105

Post by postsantum »

hdjjhhvvhga wrote: post #23
Aeolun wrote: post #9

Earlier quoted context omitted.

The big problem being that they can’t actually access most of those foreign assets now.

> problem Makes you think about the inherent subjectivity of certain words.

> access

true. I can't access my wallet that was robbed from me

Re: Ask HN: Why did the ruble stabilize and what's going on?

#106

Post by kkfx »

cyber_kinetist wrote: post #63
kkfx wrote: post #57

My 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,…

Which book by Sutton do you recommend beginning, in order to understand the context behind the end of Bretton Woods and beginnings of neoliberal finance capitalism? One part of history many leftists seem to have trouble explaining is the continuity between the two “eras” of wartime Keynesianism and neoliberalism (many essentially describing it as a sudden change in powers but this sounds ridiculous). Some of his book…

The Federal Reserve Conspiracy, it's short and mostly collect former USA President's memories and few other public archive, just connecting the dots.

In terms of switch between liberalism->keynesianism->neoliberalism honestly I do see much of substantial change in élites terms: liberalism have made very few very rich and create a big mess. Those behind this school of though just want to protect their fortune and so they push another school of though, keynesianism, witch formally is a radical change, but in practice is the old game of the two horses [1]: when their cleptocratic system collapse and people start to move around a potential revolution (Socialism) they just pushed some who "do the right thing" witch actually was a way to save failed private corp with public resources. Some of the puppet colonize socialism to transform it in a red fascism, some create nazi-fascism. Both disperse/degenerate the "new" socialism. Keynesianism alone was not sufficient but generate enough economy to face a war and overthrown the table to start a new game. That new game is neoliberalism witch pick some aspect of false socialism with classic liberism. Now we are in a similar situation: neoliberalism have reached it's cyclic crisis, people unrest, unionize, protest, we are heading to a rush of civil wars, so it's about time to overthought the table again, an external war silence potential civil wars and justify the crisis, the urgency justify a kind-of new keynesianism, witch is now the Chinese system, a false socialism again.

It might be a bit hard to condense in a post, but if you skim-re-read the late '800 till today economic history seeing how it touch the politics all brick will enter in their right place...

[1] to being sure to win in politics you run two puppet-horses (a system party and an anti-system one), apparently completely different, one against the other, in practice being from the same puppet-master they just intercept discomfort created by the previous government generate an alternation of powers who impede the ascension of third party parties.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#107

Post by azth »

michalu wrote: post #103
frosted-flakes wrote: post #101

Earlier quoted context omitted.

The whole world does not hate Russians. On the contrary, I've seen a lot of empathy for Russians abroad and in Russia who do not support the invasion of and atrocities in the Ukraine but still have to suffer because of the Russian government's, or rather Vladimir Putin's, actions. Obviously, yes, Russians who express support for Putin are hated, rightfully so.

"Russians abroad and in Russia who do not support the invasion" lol like Russians abroad have a choice ... it's funny to observe how the west from it's high moral ground and use or 'isms' left and right goes on to full on support of nazism. I guess nobody gave an F about Ukraine until now and all those mainstream media articles from 2014-2021 about nazism problem and anti-russian atrocities have gone ignored. Apparen…

No post body was provided.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#108

Post by gus_massa »

IshKebab wrote: post #27
asplake wrote: post #10

The Economist (I’m a subscriber) did a podcast on this recently. Lots of measures, but bottom line it is not a convertible currency. The published rate is a bit of a fiction.

I don't see how that can really work unless the published rate isn't the actual market rate which would be ridiculous.

At least here in Argentina, the official exchange rate is US$1=AR$100.

But if you want to buy US$1 you must pay from AR$150[1] to AR$200[2] or even more. There are a few methods and each one has different maximal amounts, delays, technical problem and level of legality.

[1] It's a very optimistic number, discounting a rebate that will get paid in may 2023, up to US$200 per month per person.

[2] Or even more, probably AR$215 or something.

Re: Ask HN: Why did the ruble stabilize and what's going on?

#109

Post by russiano »

ShivShankaran wrote: post #104
spaceheater wrote: post #75

I am in Russia right now. Since 18 April it is possible to buy USD, although current rate is slightly higher 77 (Google) vs 86 (that is from an actual local exchange office, not a bank, you can walk in and buy). Since the whole world seems to hate Russians right now, I guess no point buying USD and traveling somewhere. I keep hearing stories how "in just a few months" everything is going to collapse and people will b…

Quoted post unavailable.

> do you feel that the Russians have started to detest "West" more?

It's certainly true for me and a few more people that I know. I used to be a cookie-cutter west-loving liberal, and now I'm slowly turning into a bitter vatnik. One of the things that made me change my mind (aside from diving deep into the history of the conflict after which many things started to make sense) is seeing how petty and ridiculous sanctions could be. Ironically, those people who embraced the western values have suffered the most, not only financially, but morally too, seeing how every day new sanctions pushing them towards the world's pariah status. For the average Putin voter nothing has changed really (except McD, that was harsh) - financial instututions work just fine and we are not going to suffer from food or fuel shortages

I still think Putin is a bloody dictator and that the war is a historical mistake and a catastrophe. However, seeing rabid mccartism and imposing collective guilt only makes me feel under siege. And the natural response is to stick to the leader, no matter how bad he is

I don't even want to start on the hypocrisy, this rant would go well beyond HN's allowed comment length

Re: Ask HN: Why did the ruble stabilize and what's going on?

#110

Post by ksaj »

dilap wrote: post #13
InfiniteRand wrote: post #12

The Economist has an interesting take on this https://www.economist.com/graphic-detail/2022/03/31/why-is-t... Behind a paywall but if you turn JavaScript off you can read it for free

This works too https://archive.ph/OB3hK

You can also use Chrome's Reader mode. It doesn't work for every site, but it works for this one.
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