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Posted: 4/6/2022 10:03:14 PM EDT
Quick commentary by Mark Steyn and Peter Schiff.
 The Russian ruble is HIGHER NOW against the dollar than it was before the invasion! | Mark Steyn |
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Posted: 4/6/2022 10:04:15 PM EDT
[#1]
So when are you trading your dollars for Rubles?
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Posted: 4/6/2022 10:04:17 PM EDT
[#2]
IBR_S
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Posted: 4/6/2022 10:09:15 PM EDT
[#3]
"Never underestimate Joe's ability to fuck things up".
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Posted: 4/6/2022 10:09:56 PM EDT
[#4]
That stupid asshole could fuck up a glass of tap water.
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Posted: 4/6/2022 10:11:49 PM EDT
[#5]
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Posted: 4/6/2022 10:12:33 PM EDT
[#6]
lol
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Posted: 4/6/2022 10:14:23 PM EDT
[#7]
His nickname should be Brown Finger. Everything he touches turns to shit.
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Posted: 4/6/2022 10:17:58 PM EDT
[#8]
Backfire?!?
 Whoever's running the show probably made a shit ton of money and would say he definitely fucking nailed it. This many "fuck ups" isn't incompetence, and anyone who thinks so is dangerously retarded. |
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Posted: 4/6/2022 10:20:22 PM EDT
[#9]
Some people on GD should be ashamed of themselves and their ability to read charts as evidenced in my "Ruble tells the story" thread from a few days ago. I was assured Dollar strong and Ruble was in freefall against it by the genius financial wizards of GD.
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Posted: 4/6/2022 10:21:10 PM EDT
[#10]
I'm sure the Russian economy is booming.
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Posted: 4/6/2022 10:23:03 PM EDT
[#11]
Can you buy Rubles on an exchange, any exchange, anywhere in the world with Dollars? You can't. It's a false, propped up number made up.
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Posted: 4/6/2022 10:25:38 PM EDT
[#12]
I heard this on the Radio today. Answered a few questions. Caution- not for the weak
https://ugetube.com/watch/learn-the-true-nature-of-false-flags-in-ukraine_sXZF1Rao9RAQjQL.html |
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Posted: 4/6/2022 10:25:44 PM EDT
[#13]
Quote HistoryQuoted: Backfire?!? Whoever's running the show probably made a shit ton of money and would say he definitely fucking nailed it. This many "fuck ups" isn't incompetence, and anyone who thinks so is dangerously retarded. Can't wait until we're actively at war in Ukraine for one week and then handing candy out to the Russian soldiers the next and back and forth for 20 years until we pack up and leave in the middle night. Also can't wait for all of the defenders of this when it happens. |
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Posted: 4/6/2022 10:26:54 PM EDT
[#14]
Well, the dollar is sinking, so....
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Posted: 4/6/2022 10:26:58 PM EDT
[#15]
I'll keep my BTC and dollars.
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Posted: 4/6/2022 10:43:20 PM EDT
[#16]
Quote HistoryQuoted: I heard this on the Radio today. Answered a few questions. Caution- not for the weak https://ugetube.com/watch/learn-the-true-nature-of-false-flags-in-ukraine_sXZF1Rao9RAQjQL.html They only do that when they aren't busy trafficking Ukrainian kids. |
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Posted: 4/6/2022 10:43:53 PM EDT
[#17]
than
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Posted: 4/6/2022 10:45:13 PM EDT
[#18]
Uh currency manipulation is real.
Keep thinking that the ruble is rising on its own merits… as it’s not. |
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Posted: 4/6/2022 10:49:01 PM EDT
[#19]
biden could fuck up a steel ball with a fly swatter.
Most incompetent "president" ever. |
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Posted: 4/6/2022 10:49:17 PM EDT
[#20]
Everyone knows in artificial though.
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Posted: 4/7/2022 6:21:17 AM EDT
[#21]
Quote HistoryQuoted: I'll keep my BTC |
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Posted: 4/7/2022 7:02:54 AM EDT
[#22]
Quote HistoryQuoted: Some people on GD should be ashamed of themselves and their ability to read charts as evidenced in my "Ruble tells the story" thread from a few days ago. I was assured Dollar strong and Ruble was in freefall against it by the genius financial wizards of GD. "but I'm up 30% in 10 years on muh index funds, I are genius stock market guru!" |
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Posted: 4/7/2022 7:03:39 AM EDT
[#23]
Fjb
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Posted: 4/7/2022 7:07:13 AM EDT
[#24]
Quote HistoryQuoted: Everyone knows in artificial though. Ruble now backed by gold and commodities like cheap Russian oil. India is in. |
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Posted: 4/7/2022 7:07:17 AM EDT
[#25]
LOL
Things that are true but don't mean what they are being implied to mean. |
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Posted: 4/7/2022 7:09:31 AM EDT
[#26]
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Posted: 4/7/2022 7:11:55 AM EDT
[#27]
Quote HistoryQuoted: I'll keep my BTC and gold The USD is a dead man walking. |
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Posted: 4/7/2022 7:12:34 AM EDT
[#28]
lol
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Posted: 4/7/2022 7:14:53 AM EDT
[#29]
Quote HistoryQuoted: Uh currency manipulation is real. Keep thinking that the dollar is rising on its own merits… as it’s not. Fixed |
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Posted: 4/7/2022 7:16:20 AM EDT
[#30]
Quote HistoryQuoted: The USD is a dead man walking. Quote HistoryQuoted: Quoted: I'll keep my BTC and gold The USD is a dead man walking.  Attached File |
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Posted: 4/7/2022 7:18:13 AM EDT
[#31]
Quote HistoryQuoted: Ruble now backed by gold and commodities like cheap Russian oil. India is in. But backed by gold means India can trade USD for a bunch of rubles - and then trade that for some of Putin's gold? Or do they have to keep the Rubles that were indexed to gold? |
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Posted: 4/7/2022 7:21:55 AM EDT
[#32]
Quote HistoryQuoted: Uh currency manipulation is real. Keep thinking that the ruble is rising on its own merits… as it’s not. Please continue. Because I believe that you are incorrect. Russia is a net exporting nation with current interest rates of 20%. They were at 9% before the Ukraine war. Compare with a net importer nation, in chronic trade deficit, with interest rates of near zero. That would be the USA. Too bad Putin is an a-hole, because Russia had some good things going. And, unlike the USA, operating with a fundamentally strong currency. |
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Posted: 4/7/2022 7:22:26 AM EDT
[#33]
Quote HistoryQuoted: Everyone knows in artificial though. That's not evidence in any courtroom |
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Posted: 4/7/2022 7:24:47 AM EDT
[#34]
The Ukraine/Russia/Financial experts here on Arfcom assured everyone through their posts that this is fake and that it will drop to being worth less then nothing.
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Posted: 4/7/2022 7:25:15 AM EDT
[#35]
In this thread we assess arfcom's general economic understanding and critical thinking.
Did not disappoint. Schiff makes 90%+ of his money from selling physical & paper gold above spot price, he has a keen interest in seeing the price of Gold high, and the USD low, so everything he says comes from that standpoint. The Ruble "Trades" similar to how it did pre-war, but there's only two problems : You can't actually trade it, and the Russian government is buying as much of it as they can on open markets to price-fix it. This SHOULD be apparent when you look at what the street-value of Russian oil is valued in Rubles. If it was worth similar to pre-war value, then a barrel of oil SHOULD BE WORTH around $100 in Ruble equivalent. However when you look at what's actually going on ,it's trading for less than $30/barrel when converted, or 1/3rd of the pre-war amount. It doesn't whether a chart tells you Rubles are worth 73:1 as it was pre-war (Which was terrible to begin with), or that Russia has a 4d chess game by tying their money to tungsten-salted gold bars, there are very solid ways of determining the real value, and the real value doesn't look good. |
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Posted: 4/7/2022 7:27:18 AM EDT
[#36]
While Europeans bark about the invasion, they're funding the Russian military with their oil/gas payments.
China and India are cashing in by buying cheap Russian oil. |
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Posted: 4/7/2022 7:27:33 AM EDT
[#37]
Quote HistoryQuoted: The Ukraine/Russia/Financial experts here on Arfcom assured everyone through their posts that this is fake and that it will drop to being worth less then nothing. It already is and there's PLENTY of objective ways to see that it is. But when you consume a news cycle that is 100% "Whatever Biden/Dems do or believe, the opposite is true", it leads alot down a path of lies and destruction. Some idiot here already said that 20% interest is a good thing. The intelligence in threads like this is like a black hole. |
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Posted: 4/7/2022 7:29:05 AM EDT
[#38]
Quote HistoryQuoted: Fixed Quote HistoryQuoted: Quoted: Uh currency manipulation is real. Keep thinking that the dollar is rising on its own merits… as it’s not. Fixed 
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Posted: 4/7/2022 7:33:03 AM EDT
[#39]
Quote HistoryQuoted: It already is and there's PLENTY of objective ways to see that it is. But when you consume a news cycle that is 100% "Whatever Biden/Dems do or believe, the opposite is true", it leads alot down a path of lies and destruction. Some idiot here already said that 20% interest is a good thing. The intelligence in threads like this is like a black hole. Quote HistoryQuoted: Quoted: The Ukraine/Russia/Financial experts here on Arfcom assured everyone through their posts that this is fake and that it will drop to being worth less then nothing. It already is and there's PLENTY of objective ways to see that it is. But when you consume a news cycle that is 100% "Whatever Biden/Dems do or believe, the opposite is true", it leads alot down a path of lies and destruction. Some idiot here already said that 20% interest is a good thing. The intelligence in threads like this is like a black hole. Someone get Volcker on the phone, apparently 20% interest doesn't support the value of the currency. ETA: Always imagined personal attacks were beneath you. |
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Posted: 4/7/2022 7:35:05 AM EDT
[#40]
THE WALLS ARE CLOSING IN
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Posted: 4/7/2022 7:35:56 AM EDT
[#41]
Quote HistoryQuote HistoryQuoted: Quoted: Quoted: Uh currency manipulation is real. Keep thinking that the dollar is rising on its own merits… as it’s not. Fixed https://c.tenor.com/gSQ2fhJP6RkAAAAC/michaelscott-wink.gif  Attached File |
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Posted: 4/7/2022 7:38:20 AM EDT
[#42]
Dead cat bounces happened to the Iranian and Venezuelan currencies too. Central banks have a lot of tools they can use to temporarily prop up their currencies for a time, but eventually they run out of track and it begins collapsing.
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Posted: 4/7/2022 7:38:35 AM EDT
[#43]
Quote HistoryQuoted: In this thread we assess arfcom's general economic understanding and critical thinking. Did not disappoint. Schiff makes 90%+ of his money from selling physical & paper gold above spot price, he has a keen interest in seeing the price of Gold high, and the USD low, so everything he says comes from that standpoint. The Ruble "Trades" similar to how it did pre-war, but there's only two problems : You can't actually trade it, and the Russian government is buying as much of it as they can on open markets to price-fix it. This SHOULD be apparent when you look at what the street-value of Russian oil is valued in Rubles. If it was worth similar to pre-war value, then a barrel of oil SHOULD BE WORTH around $100 in Ruble equivalent. However when you look at what's actually going on ,it's trading for less than $30/barrel when converted, or 1/3rd of the pre-war amount. It doesn't whether a chart tells you Rubles are worth 73:1 as it was pre-war (Which was terrible to begin with), or that Russia has a 4d chess game by tying their money to tungsten-salted gold bars, there are very solid ways of determining the real value, and the real value doesn't look good. So what do you think is wrong in the OP? Schiff may be a nut, but the OP seems correct. |
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Posted: 4/7/2022 7:38:51 AM EDT
[#44]
Quote HistoryQuoted: The USD is a dead man walking. Quote HistoryQuoted: Quoted: I'll keep my BTC and gold The USD is a dead man walking.  Attached File |
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Posted: 4/7/2022 7:39:39 AM EDT
[#45]
When the only people that can trade between foreign currency and the ruble are people inside Russia that have permission to trade, and the only place to do it are at state controlled locations, then the state can set the rates they want.
The prices shown are on the Moscow "market" and people think it's the true value to the world? |
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Posted: 4/7/2022 7:44:13 AM EDT
[#46]
Quote HistoryQuoted: Dead cat bounces happened to the Iranian and Venezuelan currencies too. Central banks have a lot of tools they can use to temporarily prop up their currencies for a time, but eventually they run out of track and it begins collapsing.  Not like our central bank has been propping up the USD. Oh wait…
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Posted: 4/7/2022 7:45:06 AM EDT
[#47]
So…
Who here is ready to go all in on Rubles? |
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Posted: 4/7/2022 7:45:32 AM EDT
[#48]
Quote HistoryQuoted: Not like our central bank has been propping up the USD. Oh wait…Quote HistoryQuoted: Quoted: Dead cat bounces happened to the Iranian and Venezuelan currencies too. Central banks have a lot of tools they can use to temporarily prop up their currencies for a time, but eventually they run out of track and it begins collapsing. Not like our central bank has been propping up the USD. Oh wait…Ayup. It’s hard for some to look in the mirror. |
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Posted: 4/7/2022 7:46:51 AM EDT
[#49]
Quote HistoryQuoted: So… Who here is ready to go all in on Rubles? There will be a government run digital currency here soon. Don’t you worry. |
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Posted: 4/7/2022 7:53:22 AM EDT
[#50]
Quote HistoryQuoted: Someone get Volcker on the phone, apparently 20% interest doesn't support the value of the currency. ETA: Always imagined personal attacks were beneath you. 20% interest is an attempt to convince investors you aren't falling apart. Every country run by a tin-pot dictator has 20% interest rates. Tell me, would you rather be living in one of these low interest countries, or high interest countries? https://en.wikipedia.org/wiki/List_of_countries_by_central_bank_interest_rates Here guys , knock yourselves out to get your Rubles, they're on a HUGE DISCOUNT based on this thread. All you'll need to do is round-trip your USDs to INR, then INR to RUBs. You can buy them for the low-low price of about 80rub to $1. Only slight downside is the interbank trade rate is currently showing at about 160rub to $1. Time to liquidate your retirements guys : https://www.bookmyforex.com/russian-ruble/ |
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