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Nevermind...just checked forex data. Looking like a minimum of a 50% devaluation. Jesus.
We’re decendants of europe, of course destruction in Europe is going to hit harder than the destruction of Uyghurs
Given this board is made up entirely of people who graduated from wake over a decade ago I feel relatively comfortable assuming the board is 98% white people
Are Russian soldiers checking their Forex accounts? No idea.
Ruble to yuan isn’t doing so well either.
One flip side to “We don’t know who to shoot because they look like us” is it’s a lot easier for Russian soldiers to become deserters and hide in Ukraine than white soldiers in the Middle East.
Are Russian soldiers checking their Forex accounts? No idea.
Ruble to yuan isn’t doing so well either.
One flip side to “We don’t know who to shoot because they look like us” is it’s a lot easier for Russian soldiers to become deserters and hide in Ukraine than white soldiers in the Middle East.
So how are they going to find out? That’s the key question. I don’t know. Are Ukrainians shouting exchange rates from the rooftops?
I do know that there’s a long international legacy of poor people fighting wars on behalf of oligarchs and dictators so I’m not sure we can bank on that.
Make no mistake though, this level of punitive economic sabotage is total war - innocent civilians are going to be the main victims. Thousands of people are going to die as a result of this, the same as they would have died of a bullet. All we can do is hope that Putin and the state controlling oligarchs care about the survival of the Russian populace.
Make no mistake though, this level of punitive economic sabotage is total war - innocent civilians are going to be the main victims. Thousands of people are going to die as a result of this, the same as they would have died of a bullet. All we can do is hope that Putin and the state controlling oligarchs care about the survival of the Russian populace.
Do you have an option in mind that will only punish the oligarchs and warmongers and elevate innocent civilians?
No, it’s just good to remember that devaluing currency is like the opposite of a targeted strike, it actually hurts the most vulnerable citizens much more than the ultra rich - it’s the same economic principle that measures the impact of flat taxation vs progressive taxation.