Vladimir Putin’s luck may be running out now that the ruble plunged below one cent, the lowest level against the U.S. dollar since the early days of his war in Ukraine.
Can confirm, everyone laughing at Russia.
Front line soldiers stealing dishwashers because they have never seen one before.
I just checked, it looks like they’re stealing the “smart” out of smart appliances in order to produce electronic components. So scorched earth, in the future, may involve entering your fridge’s self destruct code.
I want to laugh at how the 10¢ microcontrollers we put in dishwashers in the west are better than state-of-the-art homegrown Russian tech, but then I remember that America would be pretty screwed if we were cut off from Taiwan and had to rely on locally-manufactured chips, too. It wouldn’t be as bad since we do have some chip fabs here, but we don’t have enough of them to make the national security folks happy.
Think about the automobile shortages in the last few years due to lack of chips, except it’s military vehicles instead.
Thats what the CHIPS act was passed to correct.
I knew that deal on my Lockheed Martin freezer was too good to be true!
Paywalled article.
A few years ago 1 Ruble = 0.015 USD this was pretty consistent for a while. Now 1 Ruble = 0.010 USD this has fluctuated pretty wildly.
The fluctuation is far more important than the actual number. Nobody cares if 1 Ruble = $1 or $1000 as long as you can rely on it to be that next week and next year. But the fact that you have no idea how far down (or up) it will go means that people aren’t going to want to rely on holding any currency in Russia.
I think mostly the world is laughing because of how Russia’s army turned out to be a tissue paper tiger.
lol, fuck the blyats.
Putin if you’re out there and you read this, yes, yes we’re are.
This might be the beginning of the end for Putin. They’re going to “retire” him, if you know what I mean.
Are they running out of funds to cook the books?
Account deficit for first 6 months is like 30 billion. They entered the war with 300b pile available to them.
They used much of that to prop RUB. Between deficit, inability to raise FX on global markets and war spending they got to be starting to run out and fx markets smell it.
Still a while to go tho. Ukraine still has to spend another year or two grinding Russia down.
But Ukraine is supported by half the planet that happens to be the rich half.
Russias hope is that China will bail them out when shit hits the fan.
Supported by half if you include people in authoritarian countries who don’t have free media or speech.
If you look at free people, almost all of them support Ukraine or are neutral.
Vladimir Putin, shown exaggerating the size of his penis.
Ha Ha Ha
💀
Still long way until it worth less than the Zimbabwean dollar.
I thought the ZWD had been suspended indefinitely?
