Thursday, March 10, 2022

Rubles: Not a Wealth Storehouse

       As the world(as in every country outside Russya) turns the Russyan economy upside down, the ruble, the currency still in use in the largest country in the world, is in free fall.  It's value against the world's reserve currency-that would be the US Dollar, Mr. Putin, has plummeted by over 80% since he began the Ukrainian war. Why, you ask? Well, tis simple: as sanctions proliferate across the West, the effect is to drive ruble holders to liquidate those assets denominated in what has become essentially WORTHLESS!!!!!!!!!!!! Hmmmm. And Vova(aka Putin) seems to have planned things a bit differently.  It hasn't worked out exactly according to Plan Putin. Yesterday, the simpering, obstinate, useless creature, Sergey Lavrov, Russyan spokesman, spoke in Istanbul on the prospects of a cease fire in Ukraine to allow civilians to escape the continuing bombardment by Russyan army artillery.  The army of the Kremlin is laying waste to major Ukrainian cities: Kharkiv, Mariupol, and others, including the capitol, Kyiv, which is close to being surrounded completely.

       So, Russyans, are scrambling for the exits.  Thousands are boarding any flight they can get to fly to a refuge while this insanity continues.  The brain drain is real, and the cost in this realm will be extensive.  Scientists, educators, engineers, students who don't like Mr. Putin or his war are seeking relief wherever it can be found. I expect that many of the 4,500 students in the US with visas from Russya will seek asylum.  Sadly, their requests will be denied by all consulates and embassies throughout the US and the EU.  Go home, Ivan and Svetlana, your time to face Vladimir's "new" diplomatic game.

Amur River in Russyan Far East: 11 time zones from Moskova


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