iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
23,446 Blog Posts

Russian Ruble Plunges to New Lows

Remember when everyone was so freaked out about the ruble crashing and the Russian central bank used currency reserves to prop it up? There were even reports that people were buying iPhones to use them as currency, in a fucked up barter system.

Well, don’t look now (no do look, really you should), but the ruble is completely in the toilet–hitting new lows, hanging out with its good pal crude oil.

image

All of the petrol currencies are under pressure. This trade is a very simple one: crude lower/rubles lower- Putin goes to war to boost approval ratings.

Any questions?

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10 comments

  1. TaoOfPatrick

    “Insane in the Ukraine”

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  2. juice

    I’m a recent fan of Putin .. far more intelligent and shrewd than all western spineless stump-dumb leaderless leaders

    we should end this CIA-led meddling provocation in Ukraine and join hands with Putin against those criminals of civilization and evolution – Daesh

    childish nonsense not being friends with Russia

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  3. clt

    Yes, we should probably start more wars when things aren’t going our way as well. We should get some advice from Putin. Maybe invade Mexico or Canada.

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    • juice

      I see swallowing the western illuminati media-controlled narrative is alive and well

      take a look in the mirror and congratulate yourself for failing to see beyond the pale

      https://en.wikipedia.org/wiki/Covert_United_States_foreign_regime_change_actions

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      • clt

        I’m well aware of our history. Not everyone with an opinion is “brainwashed” by the man, and his media.

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      • frog

        No kidding, clt. The most brainwashed people are the ones most likely to accuse others of being brainwashed. The U.S. has, of course, started unnecessary wars. And Russia and Putin are even worse. Therefore, Putin is the hero of the neocons, who love to start unnecessary wars.

        We would be better off if all the neocons were simply greedy psychopaths, intent on making a lot of money from weapons sales. There are those who do that, and they are indeed dangerous. But the worst of the lot are the aggressive paranoids– the type who explode their family’s whole house to get rid of imaginary monsters under the bed– or who destroy the entire country of Iraq to get rid of imaginary weapons of mass destruction.

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  4. edgar

    is tp currency or is currency tp?

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  5. trashman

    Bitcoin for the win

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  6. steve-0

    US can manipulate/drive oil to $0/boe, it still won’t make any difference to Putin’s approval ratings…they’ll probably go higher and ….and US is still not gonna get regime change in Syria, Russia, China etc. The US is fucked, they just don’t know it yet..

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