• andyburke@fedia.io
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    6 hours ago

    A ten year steady decline in the currency of a “world power” is no big deal. 👍

    • marcos@lemmy.world
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      3 hours ago

      Actually, it’s not. But it’s not a world power either.

      And a large decline in a single day, smaller than that steady decline in a decade can be quite a big deal. Or can be nothing. Nobody knows.

    • clucose@lemmy.ml
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      4 hours ago

      Russia has the same economy as Italy. We take them only seriously because of their nuclear weapons.

    • tburkhol@lemmy.world
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      6 hours ago

      Yeah, the message I get is that a 10% one-day decline doesn’t look like much on the tail end of 70% losses. Worthless paper is worthless.

    • superkret@feddit.org
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      6 hours ago

      According to some social media bubbles, it should have dropped to 1/10 in the past 2 years.

      • Valmond@lemmy.world
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        4 hours ago

        Ah, the kremlin talking points “look your measures doesn’t work!!1! (So can you remove them, ok?)”

        Nobody thought the ruble would crash one or two years ago.

        But well, now is now and it looks like the funds have been used up, the inflation is at its maximum utility etc etc and now it’s crash time!