Ruble Plunges To 80 Against The Dollar As Putin Recognizes Breakaway Republics

[L. Coyote]

Source: forbes.co

Russia’s stocks and currency were the worst performers on global markets Monday, as President Vladimir Putin signed a decree recognizing two partially separatist-controlled regions in Ukraine as independent states, a move that provoked renewed threats of severe economic sanctions against Russia should it invade Ukraine.

Read more: https://www.forbes.com/sites/zacharysmith/2022/02/21/ruble-plunges-to-80-against-the-dollar-as-putin-recognizes-breakaway-republics/?utm_source=dlvr.it&utm_medium=twitter&sh=a09543c63acb

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[keithbvadu2]

1. NRA must be crying.

[gab13by13]

5. GQP must also be crying.

[Mr.Bill]

2. I'm no market expert

But with our MIC, I'm guessing our stocks will climb in the coming weeks.

[Pobeka]

3. If they get desperate for funds, will they be calling in some loans?

... asking for a former guy.

[EndlessWire]

8. LOL! n/t

[rurallib]

10. !

[riversedge]

29. we can hope!

[nycbos]

4. Sancation them now.

[COL Mustard]

13. Seems like they're doing it to themselves.

Massive own goal!

[MerryBlooms]

23. No reason to hold off. Hit Putin hard.

[Grins]

27. YES! Cut them out of SWIFT! Now!

And the Ruble becomes a worthless currency around the world. THAT’S war!!!

[roamer65]

6. I hope the Fed, BoJ and ECB are in there dumping roubles.

[Xipe Totec]

7. Russian Ruble - now rubble nt

[Cha]

9. Rt TY!

[COL Mustard]

11. Way to go, Volodya!

Send your economy into the tank, just like your Soviet predecessors. Feel better now?

[BlueIdaho]

12. I hear Russians will be investing heavily in vodka.

Nothing gets them through a long cold winter night quite like a fifth of vodka.

[Evolve Dammit]

14. Reduce the ruble to rubble. Russia needs to shed itself of this dictator.

[blue-wave]

15. And our markets are closed today.

Wait till the markets open tomorrow after today’s holiday. Another huge dive for putties’ ruble? Maybe we can call it the rubbish ruble?

Then again, maybe I should place a short order tonight before the markets open tomorrow.

[MerryBlooms]

25. No markets like uncertainty.

On the bright side, you can make money off the deaths of the Ukranian people when Putin starts shelling.

[paleotn]

16. Markets sanctioning Russia all by themselves.

[pecosbob]

17. Meanwhile record gas prices at the pump

I doubt the movers and shakers in Russia give a damn about the Russian stock exchange...they're laughing all the way to the bank, along with all the oil companies.

[blue-wave]

28. We need to stop the buyers of Russian oil

It's my understanding that the Biden administration has been working on this issue. Russia supplies about 20% of the world's oil. Other suppliers have already agreed to step up to the plate and increase production as well as buyers of Russian crude have agreed to buy elsewhere. The question is, what event, the most recent or something else, will trigger this plan into action.

[Dawson Leery]

18. May the Ruble be worth less than a 1920's Deutsche Mark.

May it be worth less than a Trump condo.

May it take 10,000 Rubles to buy a crumb of bread!

Death to the ruble! Force the people to overturn the oligarchy in Moscow!

[C Moon]

19. There must be some unhappy billionaires in Russia right now.

I imagine the public doesn't like this as well. If they are told the truth.

[L. Coyote]

20. Not while they are keeping oil above $90 a barrel, up over 50%. Billions are being stolen

from the global economy during a pandemic. They have no morals or ethics, just greed. Meanwhile, Republicans are blaming Biden.

[turbinetree]

21. Maybe he can ask Trump for some money he gave him.....to prop the ruble.....

since they are close.....

[L. Coyote]

22. Putin was probably shorting the ruble himself. Talk about insider trading, eh?

[turbinetree]

24. Yeah ....and now this coming in from Market watch...

https://www.marketwatch.com/

https://www.marketwatch.com/story/dow-futures-sink-nearly-500-points-as-putin-orders-deployment-of-troops-to-eastern-ukraine-11645488064?mod=home-page

https://www.marketwatch.com/story/oil-rises-and-natural-gas-surges-8-as-russia-orders-troops-to-ukraine-11645493192?mod=home-page

https://www.marketwatch.com/story/asian-markets-drop-after-putin-orders-troops-to-eastern-ukraine-01645504274?mod=home-page

[L. Coyote]

26. Rich insiders can really make money at moments like this.

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