No no, it IS a real currency. It's backed by something (gas, oil, resource).
It's that the dollar and petrodollar as a global currency isn't any more.
They've separated the dollar away from gold and silver and they've shot themselves repeatedly over oil pipelines to justify going to war.
The UK fucked up their economy back in the 70s shutting down most industrial plants for service based industry and London centrism.
Germany and the EU did the same, switching to service based distribution.
Service based currencies like the euro and pound are held up by sheer fucking will of those who use the currency and laws that make it illegal to NOT use the currency.
For example in the UK trading labor, for food, counts as a taxable income, even if money isn't involved.
Russia is sensible in that they kept it based on a tangible resource and allow the citizenry a little leeway. By not forcing the citizenry to use the ruble for EVERYTHING they don't have to control it's inflation etc so tightly.
Russia had the whole USSR thing. When Putin got in he increased the economy almost by 100% then the global financial crash happened and Russia has been stagnant since. This is mostly because of the sharp oil crash that happened a few years late and then sanctions placed on Russia over Crimea. I think Russia has done alright with all things considered. There's certainly corruption and mismanagement in Russia for sure but they weren't exactly starting in a good spot. The USSR was hardly what I was call Russian either. It was more like foreign influences taking control of the country. The real Russians died by the tens of millions because of the USSR.
Now that you mention it, Russia's stability has a lot to do with the USSR. The Soviet economy, flawed as it was, was always focused internally. Soviet materials made Soviet goods for Soviet people. This means the modern Russian economy is less dependent on foreign trade, since there's usually a Russian made option.
No no, it IS a real currency. It's backed by something (gas, oil, resource).
It's that the dollar and petrodollar as a global currency isn't any more.
They've separated the dollar away from gold and silver and they've shot themselves repeatedly over oil pipelines to justify going to war.
The UK fucked up their economy back in the 70s shutting down most industrial plants for service based industry and London centrism.
Germany and the EU did the same, switching to service based distribution.
Service based currencies like the euro and pound are held up by sheer fucking will of those who use the currency and laws that make it illegal to NOT use the currency.
For example in the UK trading labor, for food, counts as a taxable income, even if money isn't involved.
Russia is sensible in that they kept it based on a tangible resource and allow the citizenry a little leeway. By not forcing the citizenry to use the ruble for EVERYTHING they don't have to control it's inflation etc so tightly.
Russia had the whole USSR thing. When Putin got in he increased the economy almost by 100% then the global financial crash happened and Russia has been stagnant since. This is mostly because of the sharp oil crash that happened a few years late and then sanctions placed on Russia over Crimea. I think Russia has done alright with all things considered. There's certainly corruption and mismanagement in Russia for sure but they weren't exactly starting in a good spot. The USSR was hardly what I was call Russian either. It was more like foreign influences taking control of the country. The real Russians died by the tens of millions because of the USSR.
Foreign from where? Frankfurt Germany?
Now that you mention it, Russia's stability has a lot to do with the USSR. The Soviet economy, flawed as it was, was always focused internally. Soviet materials made Soviet goods for Soviet people. This means the modern Russian economy is less dependent on foreign trade, since there's usually a Russian made option.