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Russian economy demonstrates why inflation is hell


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2014 Dec 19, 8:36am   2,104 views  4 comments

by dublin hillz   ➕follow (1)   💰tip   ignore  

http://www.dailymail.co.uk/wires/ap/article-2877124/Russian-ruble-way-down.html

As the Russian authorities announced a series of measures to ease the pressure on the ruble, which slid 15 percent in the previous two days and raised fears of a bank run, many Russians were buying cars and home appliances in some cases in record numbers before prices for these imported goods shoot higher.

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1   Y   2014 Dec 19, 8:43am  

actually the crimea event is forcing europe to build alternate sources of energy.
In the long term russia has fucked itself as it has created more competition in the european market.

bgamall4 says

That is why Russia will survive and the neocons/Zionists will become more and more desperate to steal Russian oil.

2   New Renter   2014 Dec 19, 9:55am  

So are russians enjoying record low unemployment?

3   MisdemeanorRebel   2014 Dec 19, 10:10am  

New Renter says

So are russians enjoying record low unemployment?

Tee hee! Barely above full, at least earlier this year - 5.1% if I remember - after being the #2 immigrant destination after #1 USA since 2009 - millions and millions.

Remember Grozny? Circa 1999-2000

The UN's "Most destroyed city" of 2003

Meet the new Grozny, 2014

Moar:
http://russiatrek.org/blog/cities/the-views-of-grozny-city-rebuilt-after-the-war/

4   MisdemeanorRebel   2014 Dec 19, 10:18am  

SoftShell says

actually the crimea event is forcing europe to build alternate sources of energy.

Good luck with that!

The Euros don't want Oil Dependence on the Middle East
Coal Plants and Mines have been closing for years, and the Tories and other Right Wing parties will never allow it (Coal = Countless Miners=Strong Union=Left Voters)
Nuclear power will never fly post-Fukushima/Chernobyl (Greens)
LNG is 30% more expensive (at least) and far more volatile than piped Gas.
Solar and Wind can't even begin to satisfy, even with a trillion in investment.

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