Russia is one of the strongest economies in the world right now. However, since the sanctions backfired so hard and didn't succeed in crippling them, the globalists have now unleashed the currency speculators on them, and it is having an impact. Fortunately, Russia does produce most of what it needs in country. Bad news is that for food that won't be true in the winter.
Inflation is always self inflicted. What it means is they have been running the printing press full tilt.
People can speculate as to why, and if that is because sanctions, war spending, or as Russian gov officials in this article say, incompetence. But that's all conjecture.
Regardless, increased credit will definitely build an economy output. It just might cripple your currency.
The same information can be found in RT the Russian government propaganda mouth piece.
"The Bank of Russia raised interest rates by 350 basis points to 12% at an emergency meeting on Tuesday in a bid to halt the rapid depreciation of the ruble against world currencies."
I don't care. I still don't want my tax dollars going to Ukraine.
You Eastern European idiots can deal with your own goddamn problems. Learn to play nice with your neighbors or fuck off.
OK, let´s use your tax dollars to counter the Russian army patrolling around Alaska instead if that makes you feel better.
Why though? What do I care about that when our borders have been open for 60 years?
Russia is one of the strongest economies in the world right now. However, since the sanctions backfired so hard and didn't succeed in crippling them, the globalists have now unleashed the currency speculators on them, and it is having an impact. Fortunately, Russia does produce most of what it needs in country. Bad news is that for food that won't be true in the winter.
Inflation is not caused by speculation. You are confusing it with prices.
Inflation is caused by money supply. That is to say Russia is firing up the printing press massively and is now trying to scale back.
ZeroHedge is far from "Mainstream". This reporting is directly from Russia.
It does mesh.
Inflation is always self inflicted. What it means is they have been running the printing press full tilt.
People can speculate as to why, and if that is because sanctions, war spending, or as Russian gov officials in this article say, incompetence. But that's all conjecture.
Regardless, increased credit will definitely build an economy output. It just might cripple your currency.
The same information can be found in RT the Russian government propaganda mouth piece.
"The Bank of Russia raised interest rates by 350 basis points to 12% at an emergency meeting on Tuesday in a bid to halt the rapid depreciation of the ruble against world currencies."
https://www.rt.com/business/581287-russia-central-bank-rate-hike/
Damn, NATO propaganda now controls RT too?
This goes deeper than I thought!