this post was submitted on 14 Aug 2023
592 points (97.9% liked)

World News

38255 readers
2489 users here now

A community for discussing events around the World

Rules:

We ask that the users report any comment or post that violate the rules, to use critical thinking when reading, posting or commenting. Users that post off-topic spam, advocate violence, have multiple comments or posts removed, weaponize reports or violate the code of conduct will be banned.

All posts and comments will be reviewed on a case-by-case basis. This means that some content that violates the rules may be allowed, while other content that does not violate the rules may be removed. The moderators retain the right to remove any content and ban users.


Lemmy World Partners

News [email protected]

Politics [email protected]

World Politics [email protected]


Recommendations

For Firefox users, there is media bias / propaganda / fact check plugin.

https://addons.mozilla.org/en-US/firefox/addon/media-bias-fact-check/

founded 1 year ago
MODERATORS
top 50 comments
sorted by: hot top controversial new old
[–] [email protected] 203 points 1 year ago (2 children)

On Amazon you can get a 24pk of Charmin toilet paper for $37. That's $1.56 per roll.

There are 150 sheets of toilet paper on a roll so that's $0.01⁰⁴ per sheet.

The Russian ruble is at 101.00R to $1.00USD, making it equivalent to $0.00⁹ (9 mil) in USD.

It's now officially cheaper to wipe your ass with Russian money than toilet paper

[–] [email protected] 42 points 1 year ago (2 children)

If you use 1 rubel coins, sure. Personally, I prefer to splurge on TP.

Let me know once the 50 rubel note is cheaper than a sheet of TP.

[–] [email protected] 33 points 1 year ago (2 children)

If you use 1 rubel coins, sure

I'm pretty sure the metal value of a 1 ruble coin is worth a substantially more in it's weight in metal than 1 ruble

[–] [email protected] 26 points 1 year ago

Double-checked, and you're right.

[–] [email protected] 8 points 1 year ago (1 children)

The same can be said about the US penny and nickel. Both cost at least double their value to produce.

[–] [email protected] 4 points 1 year ago* (last edited 1 year ago) (1 children)

While true, that's the lowest value coin we have. What's a Kopeck worth vs it's metal value?

[–] [email protected] 1 points 1 year ago

I remember it used to be 1/13 of its metal value, but I can't Google it up quickly and the ratio has probably changed since then anyway.

[–] [email protected] 19 points 1 year ago

I'm totally imagining the coin being like the 3 seashells on hard mode.

[–] [email protected] 51 points 1 year ago (2 children)

Shows that the $60 oil cap is working. The Russian central bank will likely raise interest rates to halt the slide. Unless Russia can boost it's exports or reduce it's imports there are no other options. Putin is unlikely to reduce spending on the war so in the end it is ordinary Russians who will bear the brunt of this.

[–] [email protected] 16 points 1 year ago (3 children)

It's what they choose through inaction

[–] [email protected] 22 points 1 year ago* (last edited 1 year ago)

I don't think that's fair. Yes, some are supportive of the invasion, some are passively complicit, but those against it are likely afraid to speak up. They have to think about their future and their loved ones. People were being arrested for literally standing and holding a blank sheet of paper in protest, and in Russia I don't think the legal system is quiiiiite as accountable and human-rights-ish as in the US. It's easy (and a bit shitty) for us to judge those not willing to put their life on the line for Truth when we're behind a keyboard and not the ones taking the risk.

[–] [email protected] 16 points 1 year ago

Every population ever had to suffer before they decided revolt is a good idea. When they are dying and have nothing left to loose. That's when stuff happens.

[–] [email protected] 11 points 1 year ago (2 children)

What action was the general public supposed to take? Opposing voices have ended up in jail or worse. If you think this can't happen to you in your country then you're very much mistaken!

[–] [email protected] 10 points 1 year ago (1 children)

If the whole country revolts they take over. They are complacent

[–] [email protected] 7 points 1 year ago* (last edited 1 year ago) (1 children)

What's this "whole country" thing...how do you get that to happen? No, I'm seriously asking cause as an American, I wanna know how we can revolt for healthcare and a livable wage. Just takes all of us right? Maybe tomorrow 🤞

[–] [email protected] 1 points 1 year ago

In other countries, when things got bad enough, people would revolt all over the country like a wildfire. Basically, people decided to stop showing up at work and start occupying government's buildings so the government can't function. Police will initially show up and arrest people, but after a few days they'll eventually give up because they simply can't arrest all those people. Military may show up, and depending on how tight the relationship between the military and the current government, the military may decide to back the government and start a civil war, or side with the people and strip the current government from power. We had the latter happened in our country so things got resolved pretty fast and the new government successfully set up without prolonged bloodshed (though bloodshed did happen and many innocent lives lost due to clash with the authorities or looters targeting minorities to rob their home during the chaos).

[–] [email protected] 6 points 1 year ago (6 children)

Doesn't Putin and the war have 80% approval rating up until very recently?

load more comments (6 replies)
[–] whats_a_refoogee 11 points 1 year ago

Ordinary Russians either support the war or have no qualms with it. Maybe if it starts affecting their day to day life, some of them will change their stance.

[–] [email protected] 45 points 1 year ago

you can only artificially prop it up for so long

[–] [email protected] 43 points 1 year ago

Well yeah, no shit, it was kind of expected.

It lasted one more year than it should have but now the pressure will gradually and slowly build up on Russia's side.

All Ukrainians have to do now is defend, chill out and wait.

Your move, Putin.

[–] [email protected] 32 points 1 year ago

"They're laughing at us."

Narrator: They were.

[–] [email protected] 29 points 1 year ago
  • They infuriated. Send them to Gulag.
  • But komrade Putin, Gulag now too small. We sent even babushkas who protested of us sending their grandchildren to front.
  • Make it bigger. Massive. It will help the ekonomy. If in troubles, start a war of build Pyramids. Russia kan do both!
[–] [email protected] 25 points 1 year ago

Well, to be honest the ruble has been sucking for a while:

https://www.xe.com/currencycharts/?from=RUB&to=USD&view=5Y

However, it now sucks more.

[–] [email protected] 21 points 1 year ago (1 children)

Looking forward to Russia becoming China's shittiest vassal state.

[–] [email protected] 10 points 1 year ago

It already is. The doubt is when will it "sell voluntarily" Siberia to China.

[–] [email protected] 20 points 1 year ago

Putin's war crumbled its worth.

[–] [email protected] 10 points 1 year ago

This is the best summary I could come up with:


On Sunday, images were shared online of a small symbolic protest mounted in western Siberia: A building’s chyron kept repeating the message that “Putin is a dickhead and a thief,” calling the ruble’s exchange rate “crazy.”

Nonetheless, Russia’s central bank decided to freeze purchases of foreign currency on the domestic market through the remainder of this year to restore faith in the sliding ruble.

The economic situation in the United States by contrast is deteriorating fast,” then Fox News host Tucker Carlson, a chief critic of U.S. aid to Kyiv, said last April.

Nabiullina was celebrated for cleverly steering her financial system through the worst of the turmoil by placing a range of capital controls that quickly stabilized the currency and prevented mass outflows.

“They were a quick fix for the ruble in 2022, but are counterproductive in the long run,” wrote Janis Kluge, senior associate at the German Institute for International and Security Affairs, last week.

The Russian army is attempting to defend large swaths of territory seized in the early months of the invasion against a Kyiv counteroffensive boasting modern Western military equipment.


I'm a bot and I'm open source!

[–] [email protected] 9 points 1 year ago

Well yeah, no shit, it was kind of expected.

It lasted one more year than it should have but now the pressure will gradually and slowly build up on Russia's side.

All Ukrainians have to do now is defend, chill out and wait.

Your move, Putin.

[–] [email protected] 2 points 1 year ago (1 children)

Wait, is this $0.01 American or Canadian we're talking about

[–] [email protected] 5 points 1 year ago

Either / both.

[–] [email protected] 1 points 1 year ago (4 children)

One Japanese Yen is worth 0.7 pennies today.

[–] [email protected] 60 points 1 year ago* (last edited 1 year ago) (1 children)

You are right, the spot exchange rate at a given point in time is random and tells you nothing (nothing!) about the value or strength of a currency. Japan is a great example.

What, however, does indicate a weakening or economic downturn is the uncontrolled depreciation of a currency, which errodes savings, threatens foreign debt paybacks, and makes imports more expensive

The Yen is relatively stable for decades at its spot. The Rubel is sliding against monetary and fiscal efforts, which indicates deeper macroeconomic issues.

[–] [email protected] 2 points 1 year ago

"Deeper economic issues" is one of nicer things he's been called since he started openly warmongering.

[–] [email protected] 18 points 1 year ago

Year over year, the yen is down 8.3% vs USD

Year over year, the rouble is down 46.2% vs USD

[–] whats_a_refoogee 7 points 1 year ago

People aren't talking about absolute value. Being worth 0.01 of one dollar or 300 of one dollar doesn't say anything.

People are saying it with the context of the previous value.

If there is a headline saying Euro/dollar has reached 1.30, no one should be responding "so what, the Canadian dollar is 1.35". Because everyone knows the context of Euro/dollar not being near that rate for a long time.

[–] [email protected] 2 points 1 year ago

Ugh, don't remind me (I get paid in JPY).

load more comments
view more: next ›