European Politics

[Pat Rice in Short Shorts]

The Ruble is now the strongest currency in the world. Oil is targeted to reach $150 a barrel by July and $200 by next year according to Peter Schiff. Interest rates HAVE to be raised to record levels to fight inflation, and if we calculate the CPI in the same we did in 1979 the US inflation rate is really at 17-20% and rising.

Two reasons for this or any inflation, government printing money and now capping energy production. The US will be spending 3 trillion more a year just to pay the interest on the debt...by printing more money and thus more inflation.

Boy howdy, the west sure taught Putin a lesson he will never forget.


Good luck people. We are all going to pay for Biden's blunders, and many millions will literally starve. Buy gold...

[VCC]

The Ruble is now the strongest currency in the world. Oil is targeted to reach $150 a barrel by July and $200 by next year according to Peter Schiff. Interest rates HAVE to be raised to record levels to fight inflation, and if we calculate the CPI in the same we did in 1979 the US inflation rate is really at 17-20% and rising.

Two reasons for this or any inflation, government printing money and now capping energy production. The US will be spending 3 trillion more a year just to pay the interest on the debt...by printing more money and thus more inflation.

Boy howdy, the west sure taught Putin a lesson he will never forget.


Good luck people. We are all going to pay for Biden's blunders, and many millions will literally starve. Buy gold...

Covid and subsequent Ukraine war china moving into pacific , all has the world clearly on the path to one world order global currency,
People in NZ are now buying non perishable food over seas shipping it to NZ because the cost of living has got so high,
The world is going to become a very ugly place

[EliteKiller]

The Ruble is now the strongest currency in the world. Oil is targeted to reach $150 a barrel by July and $200 by next year according to Peter Schiff. Interest rates HAVE to be raised to record levels to fight inflation, and if we calculate the CPI in the same we did in 1979 the US inflation rate is really at 17-20% and rising.

Two reasons for this or any inflation, government printing money and now capping energy production. The US will be spending 3 trillion more a year just to pay the interest on the debt...by printing more money and thus more inflation.

Boy howdy, the west sure taught Putin a lesson he will never forget.


Good luck people. We are all going to pay for Biden's blunders, and many millions will literally starve. Buy gold...

Youi forgot the third reason - people in power have no grasp of economics - Boris, Biden, Macron are utterly clueless when it comes to finance. When the lunatics are running the asylum things aren't looking so good.

[EliteKiller]

The Ruble is now the strongest currency in the world. Oil is targeted to reach $150 a barrel by July and $200 by next year according to Peter Schiff. Interest rates HAVE to be raised to record levels to fight inflation, and if we calculate the CPI in the same we did in 1979 the US inflation rate is really at 17-20% and rising.

Two reasons for this or any inflation, government printing money and now capping energy production. The US will be spending 3 trillion more a year just to pay the interest on the debt...by printing more money and thus more inflation.

Boy howdy, the west sure taught Putin a lesson he will never forget.


Good luck people. We are all going to pay for Biden's blunders, and many millions will literally starve. Buy gold...

Youi forgot the third reason - people in power have no grasp of economics - Boris, Biden, Macron are utterly clueless when it comes to finance. When the lunatics are running the asylum things aren't looking so good.

[Pat Rice in Short Shorts]

Politicians for the most part are no fools, but they prey on fools.
I would suggest that they mostly understand economics well enough, but the quest for power (and the personal enrichment that comes with political power) by pandering to people who do not understand economics for their vote despite it sinking those voters futures accomplishes all their goals.

Ukraine is simply another emotional based effort to launder money that we pay as taxes through proxy warfare and the cut goes back to the politicians and allies.
They have most of the world engaged in virtue signaling at a power puke level rather than actually thinking beyond the narrative we are being fed. It has f**k all to do with saving democracy, how could it be when the western leadership is as or more corrupt than those they demonize. FFS, they demonize anyone who brings up their corruption as being corrupt themselves. Yet the sheep keep voting them all back in.

[Pat Rice in Short Shorts]

Covid and subsequent Ukraine war china moving into pacific , all has the world clearly on the path to one world order global currency,
People in NZ are now buying non perishable food over seas shipping it to NZ because the cost of living has got so high,
The world is going to become a very ugly place.

People need to wake up to the bigger picture, as in very little of all these issues are unrelated...and I mean everything from social decay to C19. Yes it is going to become very ugly.

I am beginning to think hard about the petro dollar being displaced because of all this Ukraine foolishness. That will have far reaching exacerbating effects on the global economy that few are even considering. But FFS, let's keep sending Ukraine billions in weapons and enriching Putin while we lemmings troop over the edge.

[EliteKiller]

Politicians for the most part are no fools, but they prey on fools.
I would suggest that they mostly understand economics well enough, but the quest for power (and the personal enrichment that comes with political power) by pandering to people who do not understand economics for their vote despite it sinking those voters futures accomplishes all their goals.

Ukraine is simply another emotional based effort to launder money that we pay as taxes through proxy warfare and the cut goes back to the politicians and allies.
They have most of the world engaged in virtue signaling at a power puke level rather than actually thinking beyond the narrative we are being fed. It has f**k all to do with saving democracy, how could it be when the western leadership is as or more corrupt than those they demonize. FFS, they demonize anyone who brings up their corruption as being corrupt themselves. Yet the sheep keep voting them all back in.

Did they really understand economics? look at sanctions.

Biden/Boris/EU these sanctions will devalue the Ruble by 50% or more - sounds like a very ill-conceived plan so lets see

Russia is the worlds 2nd/3rd largest oil supplier to a market where supply is constrained by capacity, without it prices must rise.

So at first the Ruble does indeed drop by 35% that's the "fools" you mentioned believing the political nonsense, however very quickly the traders realised that there was no possible way the the West could survive without Russian oil and anyway Asia and Africa would buy it all anyway as the price of alternatives rocketed. The money pilled into Rubles, which right now have not only recovered that lost 35%, but are indeed 20% above where they were before sanctions .... well played Biden/Boris/EU.

[Jedi]

The Ruble is now the strongest currency in the world. Oil is targeted to reach $150 a barrel by July and $200 by next year according to Peter Schiff. Interest rates HAVE to be raised to record levels to fight inflation, and if we calculate the CPI in the same we did in 1979 the US inflation rate is really at 17-20% and rising.

Two reasons for this or any inflation, government printing money and now capping energy production. The US will be spending 3 trillion more a year just to pay the interest on the debt...by printing more money and thus more inflation.

Boy howdy, the west sure taught Putin a lesson he will never forget.


Good luck people. We are all going to pay for Biden's blunders, and many millions will literally starve. Buy gold...

Are you on crack?

[UFGN]

The Ruble is now the strongest currency in the world. Oil is targeted to reach $150 a barrel by July and $200 by next year according to Peter Schiff. Interest rates HAVE to be raised to record levels to fight inflation, and if we calculate the CPI in the same we did in 1979 the US inflation rate is really at 17-20% and rising.

Two reasons for this or any inflation, government printing money and now capping energy production. The US will be spending 3 trillion more a year just to pay the interest on the debt...by printing more money and thus more inflation.

Boy howdy, the west sure taught Putin a lesson he will never forget.


Good luck people. We are all going to pay for Biden's blunders, and many millions will literally starve. Buy gold...

Are you on crack?

Either he's on crack or the Kuwaiti dinar has been brought in as the new Russian currency and renamed the ruble

[Pat Rice in Short Shorts]

I see the usual suspects have nothing but denial of reality to fall back on. One would think they would quit fooling themselves at some point. All you two need to do is look back at how this all has played out and see how wrong you were on yet another issue.

[UFGN]

I see the usual suspects have nothing but denial of reality to fall back on. One would think they would quit fooling themselves at some point. All you two need to do is look back at how this all has played out and see how wrong you were on yet another issue.

So you are still saying the Ruble is the strongest currency in the world? Seriously?

Link please

[EliteKiller]

"In 2022, the Russian Ruble is the best-performing currency in the world, up 11% against the dollar. Moscow has instituted capital controls to support its economy and currency in the face of wartime sanctions.12 May 2022"

Look it up yourself lazy lefty ........... just assume your first uneducated thoughts are wrong, that will see you right most of the time.

Why do you insist on commenting on a subject, world currencies, that you so obviously know nothing about?

[UFGN]

"In 2022, the Russian Ruble is the best-performing currency in the world, up 11% against the dollar. Moscow has instituted capital controls to support its economy and currency in the face of wartime sanctions.12 May 2022"

Look it up yourself lazy lefty ........... just assume your first uneducated thoughts are wrong, that will see you right most of the time.

Already did.

And I understand in quite some detail the huge difference between best performing and strongest

Tut tut....try harder please

[EliteKiller]

"In 2022, the Russian Ruble is the best-performing currency in the world, up 11% against the dollar. Moscow has instituted capital controls to support its economy and currency in the face of wartime sanctions.12 May 2022"

Look it up yourself lazy lefty ........... just assume your first uneducated thoughts are wrong, that will see you right most of the time.

Already did.

And I understand in quite some detail the huge difference between best performing and strongest

Tut tut....try harder please

Haha - hiding behind semantics - "the Ruble has been the strongest currency in 2022" NYT - you going to write them an angry letter ... what a loser. What did you compare it to the Kuwati Dinar

[UFGN]

"In 2022, the Russian Ruble is the best-performing currency in the world, up 11% against the dollar. Moscow has instituted capital controls to support its economy and currency in the face of wartime sanctions.12 May 2022"

Look it up yourself lazy lefty ........... just assume your first uneducated thoughts are wrong, that will see you right most of the time.

Already did.

And I understand in quite some detail the huge difference between best performing and strongest

Tut tut....try harder please

Haha - hiding behind semantics - "the Ruble has been the strongest currency in 2022" NYT - you going to write them an angry letter ... what a loser. What did you say Kuwati Dinar

Seriously. This is rather ridiculous.

It's not semantics by any stretch. The two phrases mean entirely different things.

Looks to me like someone read a headline, decided it fitted his narrative and didn't bother reading the rest

.....and according to you I apparently don't know what I'm talking about

Jesus wept