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BumRushDaShow

(169,510 posts)

6. When the Soviet Union disintegrated, the Ruble collapsed

Reply to Are_grits_groceries (Original post)

Sat May 17, 2014, 08:51 AM

May 2014

and what became Russia had to be bailed out by the IMF and others. The only reason why they were able to recover was because the price of oil skyrocketed. And even though the massive infusion of oil from new sources should have dropped the prices, greed and speculation have maintained those prices. But that is a fragile situation. And at this point, the Ruble has plummeted again as folks flee that currency given the current geo-political situation, just like in the mid-late '90s.

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Highlight:

Obama's strategy of letting Putin hang himself is working [View all] Are_grits_groceries May 2014 OP

Our president is a patient man. Ilsa May 2014 #1

Oligarchs are winning? GeorgeGist May 2014 #2

GIVE-EM-ENOUGH-ROPE-AND-THEY'LL-HANG-THEMSELVES ... JEFF9K May 2014 #3

I pity the poor poor neo-cons, they don't get their war with Russia groundloop May 2014 #4

please. russia was never going to invade ukraine. he saw the ass-kicking the russian army took KG May 2014 #5

Correct--DU is now a fact-free and history-free zone, for the most part Demeter May 2014 #9

Please expand your comments on DU's awareness level. nt brush May 2014 #16

JMO ensemble May 2014 #15

When the Soviet Union disintegrated, the Ruble collapsed BumRushDaShow May 2014 #6

But in the end, Russia still controls Crimea. drm604 May 2014 #7

And there was little we could do about it. nt awoke_in_2003 May 2014 #20

You'll get no argument from me. drm604 May 2014 #21

Indeed. nt awoke_in_2003 May 2014 #22

mccain & graham would have dead bodies on the battlefield by now spanone May 2014 #8

So everything's all settled?!?! DeSwiss May 2014 #10

It's amazing how often doing nothing is the best possible option. bemildred May 2014 #11

He handles many issues like this. He is great a rope a dope. jwirr May 2014 #12

So true flamingdem May 2014 #14

Two specifics to support the OP Benton D Struckcheon May 2014 #13

I agree but I also potentially agree with some saying Putin got exactly what he wanted. stevenleser May 2014 #18

The fact he has kept his forces arrayed along the border ... Benton D Struckcheon May 2014 #19

THanks for your insight, Benton. Cha May 2014 #24

Convenient straw man. Igel May 2014 #17

Yeah, it's working so well that Putin has Crimea LittleBlue May 2014 #23