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RUSSIAN Ruble Dead as a Global Currency 

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In December 2023 the USA clamped down on Chinese and Indian financial institutions making and receiving payment to and from Russia. The risk of Secondary Sanctions has reduced the amount of payments being processed and this has now been made worse by the clampdown on smaller institutions announced in June 2023. This has resulted in Russia struggling to receive and make payments and this is now damaging the Russian Economy. In addition countries are refusing to deal in Rubles meaning that it is now DEAD as a Global Currency. In this video I provide more details and discuss the problems that Russia is now facing.
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#russia
#russiaukarinewar
#ruble
#ukraine
#uk
#pricecap
#GLOBALFINANCIALCRISIS
#RUBLE
#SWIFT
#RECESSION
#CHINA
#USA
#NATO
#WW3
#WORLDWAR3

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5 сен 2024

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Комментарии : 1,5 тыс.   
@robertroy1878
@robertroy1878 Месяц назад
To talk that long, in a clear, logical manner, without breaks or a teleprompter, is impressive.
@christophermontoya6178
@christophermontoya6178 Месяц назад
Yes , He’s almost as good at lying as the current White House Administration……
@steener76
@steener76 Месяц назад
@@christophermontoya6178 Russian troll is a little butt hurt. There there.
@joelturley4847
@joelturley4847 Месяц назад
I think you mean Trumpovich 😅​@@christophermontoya6178
@markmorris1105
@markmorris1105 Месяц назад
​@christophermontoya6178 the Kremlin are not good at lying as they are the world's laughing stock 😂😂😂😂😂😂putin and cohorts are 🤠🤠🤠🤠🤠🤡🤡🤡🤡🤡🤡🤡🤡🤡🤣🤣🤣
@omegaz3393
@omegaz3393 Месяц назад
@christophermontoya6178 You not smart enough to.understand. Try this. You want to buy goods from me. Goods that you neither have nor produce. I say your money's no good. It's worthless to me. Unless you've got gold, go away. I'm not going to sell you anything. China isn't much help either. You need more things from China then China needs from you. That leads to a big trade deficit in China's favor. You're slowly going broke.
@winterknight4176
@winterknight4176 Месяц назад
Joe, there was a BBC news article yesterday "Malaysia tracks down missing oil tanker which fled after collision" where they suggest the tanker is 'part of a so-called 'dark fleet', carrying oil from countries under sanctions.'
@todo9633
@todo9633 Месяц назад
It was Chinese owned, and had previously been involved in subverting sanctions on Iran
@muckle8
@muckle8 Месяц назад
Russian oil flowing all over the world , no sanctions whatsoever
@wilderbeestmcc6539
@wilderbeestmcc6539 Месяц назад
How to destroy your economy… 1) Create a phantom enemy to consolidate your power and divert the population from domestic issues 2) Attack your neighbour to try and galvanise support. 3) Try and blackmail your best and most reliable customers into submission to you demands 4) Gross miscalculation of outcome and become completely isolated and have all your foreign held assets frozen…..Pure genius 😂😂😂😂👍🇬🇧
@doncarlodivargas5497
@doncarlodivargas5497 Месяц назад
How to destroy your society: 1) remove all critical voices, 2) make sure there will be nobody to keep you informed 3) make up your own fantasy world 4) cause maximum confusion in the society so no one really knows anything
@larryc1616
@larryc1616 Месяц назад
It's the Russian way.....🪆
@boxcutter0
@boxcutter0 Месяц назад
I’m afraid that many Kremlin style folks might be too comfortable with the environment they see when visiting North Korea. A isolated pariah tyranny, where most people are impoverished & oppressed, but where the elites are still enjoying luxuries & a top down cultish atmosphere… nuclear weapons bluster with some sales of resources to sleazy countries…
@davewang202
@davewang202 Месяц назад
@@larryc1616 Not just the Russians.
@joelturley4847
@joelturley4847 Месяц назад
​@@davewang202china 💩 is no different 😅
@robnelsonbayvillage
@robnelsonbayvillage Месяц назад
Joe, love your work. Yes, being outside is good. Wearing shades is fine. Delighted to hear that Putin faces financial challenges. His war against Ukraine is unforgivable. Keep up the wonderful work. Rob in Tennessee, USA.
@networkg
@networkg Месяц назад
@robnelsonbayvillage I agree. We tune in for the content, not the views, but it is nice to see different backdrops (real backdrops, not those green screen things.)
@secrets.295
@secrets.295 Месяц назад
Putin tried to work with the west for decades but the west continues to corner Russia post cold war. The US needed a reason to keep the "threat of war" continues so that the CIA, defence companies & the US army continues to be relevant & huge. Yes, Putin shouldn't have invaded Ukraine but at the same time, the West left him no choice but to act aggressively.
@rediii9239
@rediii9239 Месяц назад
@@secrets.295 Stop lying
@theartguy6776
@theartguy6776 Месяц назад
​@@secrets.295that is total nonsense. Russia had a choice, they chose poorly and now they face possible total collapse. Just like the Soviets.
@theartguy6776
@theartguy6776 Месяц назад
​@@secrets.295getting my comments blocked doesn't make Russia any less of a loser country, Vlad.
@x_hibernia
@x_hibernia Месяц назад
It's true because someone was selling ruble toilet paper and pootie caught wind of it and banned it outright.
@antonniedersteiner4377
@antonniedersteiner4377 Месяц назад
Wallpaper maybe?
@cawstongreenway
@cawstongreenway Месяц назад
I really don't understand why there isn't widespread panic in Russia. It seems almost comical that a country could damage itself so badly in every way possible, and the bloke in charge is still there.
@ecbftl
@ecbftl Месяц назад
Powerful propaganda for and control of the population. People quietly despair and still think they can fix their problems by appealing to the czar.
@adiosa1388
@adiosa1388 Месяц назад
coz in real life their economy somehow grew faster than western economies
@SuperRosie123
@SuperRosie123 Месяц назад
@@adiosa1388 Only in terms of military production. Inflation is high.
@peterpeterpeter6315
@peterpeterpeter6315 Месяц назад
a combination of cencorship, no freedom of speech and habitual submissiveness over the course of generations. Thats how you avoid (outspoken) panic when ruining your country.
@axllii
@axllii Месяц назад
Russians have a saying: "It can always get worse!"
@Matthew-wn8oq
@Matthew-wn8oq Месяц назад
The rubbish ruble has NEVER been considered an international currency.
@doncarlodivargas5497
@doncarlodivargas5497 Месяц назад
Was by putin, the plan was to be a competitor to the us dollar by supporting the ruble with gold
@VajrahahaShunyata
@VajrahahaShunyata Месяц назад
it hurts their feelings so much they are willing to go full fascist ...
@TheTruthMatters.
@TheTruthMatters. Месяц назад
💯💯💯
@rcchin7897
@rcchin7897 Месяц назад
Yep. And where’d all the “BRICS currency” posts go :P
@Ukie88
@Ukie88 Месяц назад
@@rcchin7897BRIC short of a load.
@donaldcarey114
@donaldcarey114 Месяц назад
The Ruble USED to have value - during the toilet paper shortage during the bug pandemic - but no longer.
@tonynewman3631
@tonynewman3631 Месяц назад
As long as the notes are soft and absorbent.
@ghostlightx9005
@ghostlightx9005 Месяц назад
I wouldn't even wipe my arse with a russian ruble.
@mikelee2213
@mikelee2213 Месяц назад
@donaldcarey114 If the Ruble cannot be used for toilet paper any longer, then tell me what can it be used for???
@palvierflex4344
@palvierflex4344 Месяц назад
to late russia already banned ruble toilet paper a few days ago
@MrTravbad
@MrTravbad Месяц назад
@@tonynewman3631 only use for anything with Putins signature on it
@Thunder_6278
@Thunder_6278 Месяц назад
Joe, I'm glad you're enjoying success. The Ruble is now rubble. Russia has become an orphan/has been in the western community.
@chrishooge3442
@chrishooge3442 Месяц назад
"The Ruble is now rubble." I saw what you did there...I'm going to borrow it. Maybe make a meme.
@bogususer2595
@bogususer2595 Месяц назад
Sorry, but if Trump is elected again, all these sanctions stop. Putin just needs to hold out until November.
@petehowett2854
@petehowett2854 Месяц назад
How DOES THAT MAATER?As to what this TINY INSIGNIFICANT LITTLE GROUP,SLAVES TO THE US,EVEN THINK.
@miguelservetus9534
@miguelservetus9534 Месяц назад
So how does Putin respond? Cornered, desparate. Up the ante is what despots do. He needs a way out and save face. And don’t expect the people to do it. They are not a democracy.
@ThomasMarshall-pg7ye
@ThomasMarshall-pg7ye Месяц назад
Yes he is enjoying success because idiots are listening him and he is getting paid for that.😂
@Hongaars1969
@Hongaars1969 Месяц назад
Do NOT squint in the bright light. Protect your retinas as mush as possible. You are doing a wonderful job, nobody else has explained the economics of the Ukraine invasion better than you do. Thank you once more
@bigdada018
@bigdada018 Месяц назад
Blessings, peace and luck from California to Ukraine. 🙏🙏☮🍀💛💙
@larryc1616
@larryc1616 Месяц назад
💙California #1🇺🇸
@eugeneczerwinskyj3354
@eugeneczerwinskyj3354 Месяц назад
Bless your heart California. From a Ukrainian Canadian.
@peterpan7903
@peterpan7903 Месяц назад
I can still remember the reports from Russia saying that the dollar was dying and that the BRICS states were launching a currency that would then take the place of the dollar as the world currency. When will this finally happen, on the first of April?
@noname-ll2vk
@noname-ll2vk Месяц назад
That's the problem with allowing a small kgb bureaucrat to become dictator. He can't tell propaganda apart from reality and as his control expands since he's afraid of being dumped the way he has people dumped he surrounds himself with people who tell him what he wants to hear. Which is kremlin propaganda. This is why the chapters of Muscovy empire keep ending in failure and collapse. Same failure over and over.
@AUmarcus
@AUmarcus Месяц назад
How about never?
@robertshiell887
@robertshiell887 Месяц назад
Halloween!!
@nsevv
@nsevv Месяц назад
Probably February 30 or 31
@xpainx5185
@xpainx5185 Месяц назад
😂😂 They should check the power of the rubble and let it to be free changed against Dollars.
@kimberlysheridan5530
@kimberlysheridan5530 Месяц назад
I have a modest suggestion: I read Hungary under Victor Orban is also having inflation problems. Is that true? Perhaps an episode on Hungary may be enlightening for some here in the United States who thinks a strongman government is good for the economy.
@jjj76120
@jjj76120 Месяц назад
Good idea!
@Al-oe8ib
@Al-oe8ib Месяц назад
20% inflation, another communist failure of epic proportion
@Bareego
@Bareego Месяц назад
indeed, most of Europe has a high disregard for that mentioned individual
@Al-oe8ib
@Al-oe8ib Месяц назад
@@kimberlysheridan5530 every strong
@Al-oe8ib
@Al-oe8ib Месяц назад
@@kimberlysheridan5530 every strongman loved by demented trump….has ruined their economy. Stolen it all for themselves like the greedy psychos they are
@gregash7683
@gregash7683 Месяц назад
I think you nailed it! The recirculation of the same Rubles to purchase war related goods and services in absolutely crazy. It's like a bankrupt casino recycling the same old poker chips without the option of cashing out. Secondly, with the production shift to war goods, what products does Russia expect to sell to the world if and when the war ends? If the military is trying to buy back arms previously sold to third world nations, who will need or want to repurchase poor quality Russian arms in the future? Russia is now become the 'Banana Republic' of fossil products and nothing more.
@ghostlightx9005
@ghostlightx9005 Месяц назад
It always was but they managed to hide it until the war.
@williamalexander9485
@williamalexander9485 Месяц назад
The biggest advantage Russia has is its natural resources. Converting arms manufacturing into consumer products has been done before by the US in both world wars. They have made an economist their minister of defense, obviously foreshadowing the post war economy. It’s actually the side that is winning that’s able to convert battlefield success into arms sales, especially winning against a NATO armed enemy. And post war the world still will run on fossil fuels, so exactly what has Joe nailed
@_PatrickO
@_PatrickO Месяц назад
It also does not help that china may destabilize somewhat if Xi's heath is actually failing in addition to their current economic collapse. Russia is reliant on china for technology purchases and they are having to barter goods instead of using money for trade with china since the yuan isn't good either. If the CCP gets chaotic, that could cause disruption of what russia needs from china to keep going. It would help force russia to give up.
@boxcutter0
@boxcutter0 Месяц назад
We should be careful about being too dismissive, Russian society is much more mobilized, as costly as this may be the military industrial capability is being expanded while “western” society is still neck deep in obesity, greed, failures of foundational cohesion, spoiled mentally neurotic snowflakes who were raised on anti-western propaganda, corporations that are obsessed with short- term profits instead of national/civilizational loyalty… and we continue to reward/coddle nefarious parasitic adversarial countries that enable continued Kremlin villainy, as customers and as providers of military/comfort oriented products/services, and peddling in gross propaganda.
@williamalexander9485
@williamalexander9485 Месяц назад
@@_PatrickO What economic collapse? The Chinese are moving towards more advanced technology that’s why the US created the chip bill, and increased tariffs for EVS. The CCP as well as the Kremlin are moving away from the western financial system period. What’s happening now are just pleasantries. They are creating a whole new gold backed digital currency. It’s obvious that the sanctions had no effect on the Russian war machine as the Russian economy is expected to grow by over 3% according to the IMF. The Chinese economy has been growing at an average of 9% per year for over 30 years. So that clearly means it’s not dependent on 1 man
@TomTom-hj3nq
@TomTom-hj3nq Месяц назад
You re getting better by the day Joe !!! Enjoy your vacation in Spain !!! Tom from Munich
@np4029
@np4029 Месяц назад
You're getting redder by the day Joe!!!
@venetoaward
@venetoaward Месяц назад
One of the things that makes you great is the constant presence of measurable facts that you show in your videos. I hope that will come back after your vacation!
@alexiskiri9693
@alexiskiri9693 Месяц назад
I don't know...I think the sunglasses and the beach in the background gives you a bit of a James Bond vibe.
@rasputindasilva858
@rasputindasilva858 Месяц назад
Gosh! It seems you are in need of glasses.
@nemisisarcher8213
@nemisisarcher8213 Месяц назад
​@rasputindasilva858 Gosh you are so needlessly negatively opinionated
@CliffordSullivan-fj7jv
@CliffordSullivan-fj7jv Месяц назад
Well.....hmmm Brookebond? (UK guys know this) hahaha love it Joe!!
@LikeGG
@LikeGG Месяц назад
Joe's face is gradually becoming redder and redder. It's really funny as a spanish to see tourists always get sunburnt lol
@OLDMANTEA
@OLDMANTEA Месяц назад
He is at the bar ‘early’.
@bananerz3167
@bananerz3167 Месяц назад
I m white af and I use factor 50 sun cream and I don't become a lobster. It's just people who use too weak protection and don't refresh it often enough
@fiddley
@fiddley Месяц назад
Fun Fact: The redder our faces are, the better the holiday we're having! Thank you Spain for tolerating us (mostly 🤗)!
@Zenon00007
@Zenon00007 Месяц назад
❤Ukrainian ❤
@CARLOSTBAEZ
@CARLOSTBAEZ Месяц назад
Ukrainians have big balls and have embarrassed Put in (from his accomplishment in 2016) Now, who said that names do not have hidden agendas?
@GeoffRosenstein
@GeoffRosenstein Месяц назад
Love your videos, Joe! I don't care if you're in the studio, on the beach, glasses on or glasses off. The information is why I come here. Thanks and keep it up!
@daviddelgado6090
@daviddelgado6090 Месяц назад
Imagine a sovereign currency worth less than it costs to print ( 5 ruble note)
@myplane150
@myplane150 Месяц назад
What this all means is that the sanctions are finally starting to do the damage we have been waiting for... Good to hear.
@edwardgiovannelli5191
@edwardgiovannelli5191 Месяц назад
Sanctions, like so many things in economics, work like a tanker ship... slow to turn, slow to move, but exert tremendous force once they're going. The media outlets that implied that the sanctions were going to cripple russia overnight were irresponsible. This is when you should expect them to start biting.
@glintongordon6811
@glintongordon6811 Месяц назад
When will we see the difference because nobody is seeing the difference, we just hear Joe talking about for 2 years now
@edwardgiovannelli5191
@edwardgiovannelli5191 Месяц назад
@@glintongordon6811 If you don't see the difference its because you're not looking. Auto loans from russia's largest bank are now running 22% for good credit and as much as 35% for regular people. Car prices are through the roof... cheap chinese cars now cost 47 times the monthly salary in russia... that means an average worker in russia would spend EVERY PENNEY HE EARNS FOR FOUR ENTIRE YEARS to buy a cheap chinese econo-box. Food shortages, 20% inflation, emptying store shelves as the economy turns to full wartime production... this is what the beginning of economic collapse looks like. but you have to be looking.
@glintongordon6811
@glintongordon6811 Месяц назад
@@edwardgiovannelli5191 show me a single link to any of these things... Absolutely no store is empty in Russia and the car prices you are comparing are with minimum wage has always been like that in Russia nothing has changed.
@jonlee2217
@jonlee2217 Месяц назад
@@glintongordon6811 cope harder Ivan
@PaulWinkle
@PaulWinkle Месяц назад
Russia is dead inside
@williamalexander9485
@williamalexander9485 Месяц назад
No they’re not. They still rank 4th in the world in GDP in PPP. They are winning the war and have Zelensky including them on the guest list for peace talks, that’s not dead inside at all
@theartguy6776
@theartguy6776 Месяц назад
​@@williamalexander9485Lol clearly you have not been actually watching the videos on this channel. Russia is over. Find another job, Vlad.
@user-yf9in9hb3o
@user-yf9in9hb3o Месяц назад
​@williamalexander9485 Wake-up Wake-up, it's time for school. You're going to be late again.
@0nFoot
@0nFoot Месяц назад
@@williamalexander9485 Kiev in how many days?
@williamalexander9485
@williamalexander9485 Месяц назад
@@theartguy6776 😂😂You have clearly been watching this channel. Zelensky is ready to make peace because his army has been getting routed for over 2 years Chad. But when you’re dumb enough to get your information from an obvious propaganda channel🤡facts aren’t all that important, or maybe you can show exactly where Russia is losing and Ukraine is winning.
@thebeastfromtheeast6479
@thebeastfromtheeast6479 Месяц назад
Russia, the new North Korea
@Al-oe8ib
@Al-oe8ib Месяц назад
Already there
@dayforit1750
@dayforit1750 Месяц назад
Its just another Oblast in Northern North Korea.
@TheFrewah
@TheFrewah Месяц назад
I’m pretty sure no soviet leader ever went there.
@dayforit1750
@dayforit1750 Месяц назад
@@TheFrewah until they're desperate enough to go there begging for help.... Cough PutIer cough 🤭
@user-sx4rl2mg2b
@user-sx4rl2mg2b Месяц назад
Rubbles are being admitted in North Korea but I doubt if Russian will choose to have a tourist vacation there specially the government officials
@phenri4809
@phenri4809 Месяц назад
Since when did being early in the morning stop Brits from drinking?
@anv_bis7287
@anv_bis7287 Месяц назад
Thank you Joe
@alanmcmillan6969
@alanmcmillan6969 Месяц назад
The ruble is now not even rubble.
@blueridgebikeman
@blueridgebikeman Месяц назад
Nice bar, Joe! Nice beach, too. Glad you're getting in a well-deserved vacation!
@joelturley4847
@joelturley4847 Месяц назад
Those sanctions on MORDOR are never coming off 😂😂😂
@nick5062
@nick5062 Месяц назад
Russia just banned 'ruble printed toilet paper' - true story (source: Jake Broe)
@glintongordon6811
@glintongordon6811 Месяц назад
What nation wouldn't?
@artmcteagle
@artmcteagle Месяц назад
@@glintongordon6811 My country would certainly not ban ruble toilet paper!
@artmcteagle
@artmcteagle Месяц назад
Short term solution, because the ruble will become cheaper than toilet paper and eventually replace it in russian bathrooms!
@glintongordon6811
@glintongordon6811 Месяц назад
@@artmcteagle the ruble value more than my local currency... Your country would ban using it's currency as toilet paper...
@artmcteagle
@artmcteagle Месяц назад
@@glintongordon6811 No it wouldn't, I can light my cigar with a hundred dollar bill if it so pleases me! Which s-hole country do you live in? Ruzzia?
@ericpaulhus1910
@ericpaulhus1910 Месяц назад
Ask Cubans how they feel about a "dead currency"... the Cuban Peso cannot be exchanged anywhere...
@tonyclough9844
@tonyclough9844 Месяц назад
It's the wonder of a Marxists economy.
@iivarilappalainen9836
@iivarilappalainen9836 Месяц назад
its mind boggling there are still people doubling down on the opinion that everything is great in russian economics.
@edwardgiovannelli5191
@edwardgiovannelli5191 Месяц назад
there are still people in America doubling down on trump even after his first administration and all the cognitive decline since then. Folks just don't care about the bigger picture.
@Agnemons
@Agnemons Месяц назад
Everything IS great in Russian economics. IF you are Ukrainian.
@Peter_S_
@Peter_S_ Месяц назад
This opinion is only dispensed by A.I. bots and trolls reading from a list of talking points.
@petehowett2854
@petehowett2854 Месяц назад
Then I'd SERIOUSLY CONSIDER,contacting the World Bank,who recently promoted the Russian economy,to the 4th position,in the world,surpassing that of Japan.
@TheInfamousMrFox
@TheInfamousMrFox Месяц назад
@@petehowett2854 HAHAHAAHAHAHAHHAHAHAAHAHAHAAA! No liar, they didn't. PPP has nothing to do with the size of an economy. ruSSia's economy is smaller than that of New York city, they're 19th by total wealth.
@mikehansen233
@mikehansen233 Месяц назад
Love your show Joe. Keep it up, in your studio, on the beach, wherever you are.
@gerryreihsen5084
@gerryreihsen5084 Месяц назад
I don't get around to taking vacations very often (just a personality and business demands thing) but as an idea I really like them. So, I'm getting a lot of vicarious satisfaction and good feelings seeing my favorite RU-vidr on the beach.
@larsrons7937
@larsrons7937 Месяц назад
Joe, thanks for the update. I like your outdoor format for a change. The shorter, less indepth videos are fine too, as long as you also return to the studio to deep-dive into the details. We don't begrudge you your well-deserved vacation, and we like to see the view. Oh, and I'm still overjoyed that you got back control of your channel last spring. The RU rubble... It seems that the rubble is going the same way as used toilet paper. Hopefully that'll hurt on KaPutin's warmachine. 😊 Enjoy the holiday.
@kevinpratt-ge5ye
@kevinpratt-ge5ye Месяц назад
It's a nice broadcast outside. Make sure you are comfortable, wear the shades if you need to. 😊
@dutchseawolf
@dutchseawolf Месяц назад
Thank you for the input Joe. Take a nice local beer on our behalf 😎
@guylancaster2055
@guylancaster2055 Месяц назад
Putler finds out that hardball means more than thumb screws and a garrot…
@joycef8443
@joycef8443 Месяц назад
But we can do that, too. How about a nice plate of polonium brownies, Mr. P?
@michaelcabrera6357
@michaelcabrera6357 Месяц назад
Great video, Joe. Keep making videos on the road. You look really relaxed. Which makes me feel relaxed.
@erpthompsonqueen9130
@erpthompsonqueen9130 Месяц назад
Thank you. Watching from Alaska. 🤔
@murrayhean2538
@murrayhean2538 Месяц назад
"The names Bloggs...James Bloggs"😅😊
@annewhitney8809
@annewhitney8809 Месяц назад
There is a segment of the American population that believes Russia is far away. Betcha Alaskans have a different perspective.
@user-ws1qf7ol4k
@user-ws1qf7ol4k Месяц назад
😊😊😊😊on the street, most large ticket purchases are made in Euros and dollars!
@thedon7244
@thedon7244 Месяц назад
Hi Joe, enjoy your holidays!😊Greetings from Munich Germany.
@paulkaiser8834
@paulkaiser8834 Месяц назад
This format is waaaay better than the exhaustive chart explanations - especially when you can read the chart the old format is too slowly paced.
@laurentsalbert9630
@laurentsalbert9630 Месяц назад
Charts are goods .. I think this format is cool , but it is perfectly completed by time to time exhaustive explanations. Just my tastes
@jjsmallpiece9234
@jjsmallpiece9234 Месяц назад
The state piggy bank is empty
@robinwhitebeam4386
@robinwhitebeam4386 Месяц назад
I had a 100 rubel note many years ago and tried to exchange it at my local bank. The Bank Manager explained that I could not exchange it and that I might end up in the Siberian Salt mines for taking out of the country!
@palebiss1646
@palebiss1646 Месяц назад
The financial crisis is primarily the fault of the Federal Reserve, which gains indirectly from bank failures, bank-owned real estate, and even more affordable cars. Production cannot be printed, but printing credit is acceptable as long as it is printed. Is that right or wrong?
@OscarOwenn
@OscarOwenn Месяц назад
Although reducing the rate from 7% to 6% won't benefit anyone, they are free to do so now that it's too late. And consider any recession-fed cuts followed shortly after a market meltdown. If they are pricing in a September rate reduction, a crash by January is likely.
@FreemanJameZ
@FreemanJameZ Месяц назад
Completely concur. The Fed's strategies backfired miserably. The usage of an endless paper printer by the government has harmed the lives of millions of people. At times like this, advisors ideally help you learn how to grow your money.
@palebiss1646
@palebiss1646 Месяц назад
I firmly believe that learning from a seasoned legal counsel is invaluable. My portfolio was swinging like a seesaw before I sought guidance from a certified expert in the midst of the rona outbreak in early 2023. Even with inflation, I've been able to raise my assets to almost 200,000 dolls as of right now with more investments.
@FreemanJameZ
@FreemanJameZ Месяц назад
Best wishes! I have a demanding job and don't have time for investment analysis. I'm worried that my five-figure retirement savings may depreciate; would you think about implementing a similar strategy?
@LouisMorganxb3
@LouisMorganxb3 Месяц назад
You'll be safe if you invest on food and utilities, bro.
@billy2807
@billy2807 Месяц назад
Hi, welcome back to Joe "I go to the bar before you even wake up" Blogs...
@jeanlavoie5598
@jeanlavoie5598 Месяц назад
Whatever your setting, your blog topics are always interesting.
@Joe_1sr9
@Joe_1sr9 Месяц назад
Happy days at the beach Joe…… don’t forget the suncream…..
@chrisbea49
@chrisbea49 Месяц назад
Russian MP Gurulev advised Russians to stock up on firewood for winter, including those who live in residential buildings. Thanks bunker grandpa.
@laurentsalbert9630
@laurentsalbert9630 Месяц назад
" Electricity is not a right , it's a privilege" (M.Simonian , aka Vladimira Putina )
@oscargrainger2962
@oscargrainger2962 Месяц назад
Yeah and a lot of Russian villages are pleading directly to Putin for clean water.
@arealtaxcut
@arealtaxcut Месяц назад
Over the last 3 years I have learned so much. I appreciate your presentations and your sunburn :) LOL! Enjoy the beach!
@petardetar5191
@petardetar5191 Месяц назад
What did you learn, from Joe??? That Russia is collapsing again and again, every 2-3 months :)
@Brocuzgodlocdunfamdogson
@Brocuzgodlocdunfamdogson Месяц назад
Russia recently had to ban toilet paper printed to mimic the ruble. This isn’t satire.
@b21raider27
@b21raider27 Месяц назад
2 Global Currencies: USD 60% Euro 20% Even the Yuan is barely used (2-3%).
@J1mbo197
@J1mbo197 Месяц назад
Sooo … Russia’s economy is basically becoming a twin to N Korea ?!
@laurentsalbert9630
@laurentsalbert9630 Месяц назад
No . russia itself as a whole is becoming a twin of N.Korea .
@dayforit1750
@dayforit1750 Месяц назад
ruZia is just another Oblast in Northern North Korea.
@vernonshowers5034
@vernonshowers5034 Месяц назад
It is called a self eating watermelon!
@hanswurst3530
@hanswurst3530 Месяц назад
Slava Ukraine!
@edwardgiovannelli5191
@edwardgiovannelli5191 Месяц назад
880 days into a three day operation
@AahFukIt
@AahFukIt Месяц назад
What are you waiting for ? Hit the frontline and bring your pension savings!
@tomaskinoshta7589
@tomaskinoshta7589 Месяц назад
@@edwardgiovannelli5191 remember Russia did not want to destroy Ukraine. Ukraine actually agreed to peace in 2022, but the USA blocked the peace plan. Sadly, Russia knows that it must completely destroy Ukraine thanks to USA policy.
@edwardgiovannelli5191
@edwardgiovannelli5191 Месяц назад
@@tomaskinoshta7589 whatever you're smoking, I'd really like try try some.
@hifinsword
@hifinsword Месяц назад
Ruble now equals RUBBLE!!! This is what being a PARIAH nation is all about.
@anthonyferris8912
@anthonyferris8912 Месяц назад
No German tourists there…No towels on the sunbeds. 😃
@theknifedude1881
@theknifedude1881 Месяц назад
Just paint a pair eyes on the sunglasses. Stay comfortable!
Месяц назад
Eyeballs on springs connected to sunglasses
@davidchristensen6908
@davidchristensen6908 Месяц назад
I have suffered from vertigo for 15 years, that is full time, everyday, all day some days worse than the other. I can’t watch most hand held movies. I have no idea what people are complaining about on your video. You’re outside, you’re doing an excellent job holding the camera. Does not affect me at all. Tell them to get a life. Thanks for your observations. Sorry you must do this on vacation.
@TheSanddancer
@TheSanddancer Месяц назад
I don't want to sound flippant, but have you tried The Epley Maneuver for your vertigo? It worked for me. Also, I drink ginger tea a couple of times a week and haven't suffered with vertigo for about 3 years now.
@buckystarfinger2487
@buckystarfinger2487 Месяц назад
​@@TheSanddancerthanks. I'll look into the Eply
@fjgiie
@fjgiie Месяц назад
@@buckystarfinger2487 My BBPA got real bad. I started doing the Epley twice before getting up in the morning. I had it on both sides and the dizziness was so bad I could not walk. The exercises can stop the BPPV in two or three weeks. ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-xTnV3m4bWDg.html
@HikingandWandering
@HikingandWandering Месяц назад
jesus can set you free, heal you from vertigo, but i guess you wouldnt give him a chance
@buckystarfinger2487
@buckystarfinger2487 Месяц назад
@@davidchristensen6908 maybe Jesus just led us to a cure? God bless.
@fr57ujf
@fr57ujf Месяц назад
Fantastic program. I love this new presentation style. I liked the studio shows too. A mix would be nice. You are the most incredible speaker. I don't know how you do it all without notes and without a single verbal pause.
@mattschroeder3432
@mattschroeder3432 Месяц назад
have a great vacation !
@HikingandWandering
@HikingandWandering Месяц назад
EVEN THERUSSIAN BOTS ARE DEAD
@sdrown212
@sdrown212 Месяц назад
Russia is now N. Korea 2.0 . 😂
@petersinclair3997
@petersinclair3997 Месяц назад
The Ruble never was a global currency. The reserve currencies are the USD, Euro, Yen, GBP, AUD, CND and CHF (Swiss Franc).
@julionahualt6113
@julionahualt6113 Месяц назад
Putin: Everything is going according to plan .🚮
@NickyGorinov
@NickyGorinov Месяц назад
A shortage of AI-95 gasoline began in Russia after a series of strikes by Ukraine on oil refineries, Reuters writes. Fuel production in the country fell to a two-year low. Due to a shortage of wholesale lots, gasoline prices are rapidly rising. On the St. Petersburg Commodity and Raw Materials Exchange, Premium 95 quotes have already reached 74.4 thousand rubles per ton and are approaching the records of the fuel crisis of autumn 2023. Since the beginning of summer, gasoline prices have soared by 44%
@AboubakriFatih-u5b
@AboubakriFatih-u5b Месяц назад
😂😂😂😂😂😂😂
@jonathansmith2824
@jonathansmith2824 Месяц назад
The ruble was never ever going to be a reserve currency…neither will the Yuan
@Peter_S_
@Peter_S_ Месяц назад
I LOVE the idea of a smiling Joe on the beach reporting on the ruble suffering rigor mortis.
@malcolmbirkett1347
@malcolmbirkett1347 Месяц назад
One of the first thing's that the Russian soldiers stole from the captured houses were the washing machine 😊 don't the have any washing machine in Russia ?
@gerryhouska2859
@gerryhouska2859 Месяц назад
I thought it was toilet bowls. For both you need running water, uncommon outside the cities.
@dayforit1750
@dayforit1750 Месяц назад
RuZians will steal anything not screwed down.
@petardetar5191
@petardetar5191 Месяц назад
As long as they have Shovels it is enough to beat united west :)
@carfiftyfour
@carfiftyfour Месяц назад
like the fact you are more casual with not so many statistics and graphs, great job
@brian13105
@brian13105 Месяц назад
Joe as long as your taking directions , please put on mirrored sunglasses , put the mic under your arm , set the camera on a turntable and lie down on; the beach and cover yourself with sand ; OR just do what you think is best .
@kristiankjrgaard2173
@kristiankjrgaard2173 Месяц назад
Joe, I dont think that your definition of hanging out in a bar is the same as mine 😅 enjoy your holidays
@ckjohn1090
@ckjohn1090 Месяц назад
Hats off Mr.Putin. What an administrator and Patriot you are? 21st Century Stupid Award must be on your way for fighting with a much lower level sister country and losing everything currency value,precious lives of thousands, property and what not?
@BeatleBeat1
@BeatleBeat1 Месяц назад
great content Joe, and no matter where you vlog from I'll be tuning in.
@kye7967
@kye7967 Месяц назад
Don't care about camera shake your material is great
@vincentsmith9180
@vincentsmith9180 Месяц назад
Could you please do a (part of a) blog with regards to the russian energy blackouts in Southern and Western Russia & the possible impact on the russian economy / production output?
@calorus
@calorus Месяц назад
Joe, don't fuss about your setup, your production is better than many, if not most.
@akorpady
@akorpady Месяц назад
With the quality of your presentations, I wouldn’t worry about the sunglasses. Thanks for all your hard work.
@olevaiti4302
@olevaiti4302 Месяц назад
Is it safe to use ruble as toilet paper?
@johnkirwan1777
@johnkirwan1777 Месяц назад
NO, the Rubble is not absorbent enough.
@dreadpenguinlord340
@dreadpenguinlord340 Месяц назад
Nope, it has been officially been banned there. Not kidding.
@MarkvanBuskirk
@MarkvanBuskirk Месяц назад
Good job pointing out how rubles are a sham currency because nobody is actually using them. That is rarely covered. Nice one Joe.
@hybridarmyoffreeworld
@hybridarmyoffreeworld Месяц назад
yes, 'Breaking up Moscow empire is the only way to end its imperialism', And I don’t mean Putin´s imperialism, but Moscow imperialism in general , from Solzhenitsyn and Brodsky to Yeltsin and Dugin.
@Fish_Ventura
@Fish_Ventura Месяц назад
Thx Joe, maybe Amsterdam next time? I do enjoy the walk-about
@JohnnyinMN
@JohnnyinMN Месяц назад
Thank you for keeping us updated. Love the format, diggin’ the glasses, and remember to use sunscreen. Have a good time!
@joycef8443
@joycef8443 Месяц назад
Sunscreen!
@richardlellip.e.m.b.a.7969
@richardlellip.e.m.b.a.7969 Месяц назад
I expect the Rubble to began it's collapse from consolidating around 90 to the USD that I correctly forecasted -- My Rubble short I made 15 months ago, after a remarkable short I made over a year ago that NOBODY saw coming -- I forecasted 120 to 130 Rubble to USD (I shorted in Yuan for liquidity) by June to August after Russia instituted Capital Controls 9 months ago.
@jettser17UK
@jettser17UK Месяц назад
😂 Take that Putler!
@janwillemjanssen1957
@janwillemjanssen1957 Месяц назад
Thank you so much Joe for producing all those very interesting video's. The new format is great so probably we will see you in wintertime in a Holiday on ice set up. I think your videos fit in perfectly in a first year curriculum for economy students. Best of the best, Jan Willem from Amsterdam.
@stevendaniel8126
@stevendaniel8126 Месяц назад
YAAAAAAYYYYYY SANCTIONS !!!!!
@user-ue2tv5rd9e
@user-ue2tv5rd9e Месяц назад
Clear and concise. Thank you.
@nightravenonline
@nightravenonline Месяц назад
You look happy in your new " studio" 😊😊
@vincentsmith9180
@vincentsmith9180 Месяц назад
Wish you a very pleasant holiday, looks very comfy where you are!
@Apeshaft
@Apeshaft Месяц назад
You really like to rub in the fact that you're on a wonderful vacation... :) I'm saying this because I'm just a tiny bit jealous.... Haha.
@tuff-duty
@tuff-duty Месяц назад
you’re speaking from the beach ( a beautiful place, I am envious!) did you give your entire “lecture” extemporaneously, without the use of notes? I am impressed …
@shannononeil2751
@shannononeil2751 Месяц назад
Talking to Russians who still have money and assets in Russia, life inside of Russia is more expensive, but still doable. For those living outside of Russia and relying on their Russian assets, daily life is a struggle. Hardly no one, except black market exchanges, will accept their cards or Rubles (which are nearly valueless.) Russian expats who have the good fortune to find work, live solely on that income. Tough times!
@KurtFrederiksen
@KurtFrederiksen Месяц назад
"Talking to Russians who still have money and assets in Russia, life inside of Russia is more expensive, but still doable." Are they living in Moscow or Saint Petersburg? Remember that those cities are somewhat protected against the ailments of the Russian economy as this is Putin's power base. They get whatever imports are available and so on.
@karlkelly9005
@karlkelly9005 Месяц назад
I like the new outdoor format, which is short and detailed.
@DvdHolguin
@DvdHolguin Месяц назад
Working At Home Has Its Pros And Cons, I Like The Change Joe!
@donaldcarey114
@donaldcarey114 Месяц назад
A lot of con artists "work" frome home.
@user-vy1hk6wx2w
@user-vy1hk6wx2w Месяц назад
That’s what happens when you put all your chips on the ruble wallpaper must be very fashionable this time of year
@DianaR77
@DianaR77 Месяц назад
You look so happy!
@christiantroy3034
@christiantroy3034 Месяц назад
Keep up the Beach reporting. Dont worry about keeping people happy, just keep up the beach reports
@krle7970
@krle7970 Месяц назад
Has been since mid 90’s
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