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
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.
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
Double-checked, and you're right.
The same can be said about the US penny and nickel. Both cost at least double their value to produce.
While true for the penny at least ($0.03 melt value (for solid copper pennies before 1982)) that's the lowest value coin we have. What's a Kopeck worth vs it's metal value?
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.
I'm totally imagining the coin being like the 3 seashells on hard mode.
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.
It's what they choose through inaction
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.
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!
If the whole country revolts they take over. They are complacent
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 🤞
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).
Doesn't Putin and the war have 80% approval rating up until very recently?
Its funny that people like you believe in this bullshit, and then shit on russians for believing in propoganda as if you dont do the same :)
We don't know the real numbers and likely will not be able to know. When one of the answers has the potential to land you in prison, public polls are pretty useless.
However, if you talk to any anti-war Russians, they will tell you that from their observations the majority support the war and the 70-80% figure is in the right ballpark. Explicit support is just too common. A person who doesn't support the war will probably say that he doesn't want to answer the question or discuss the topic. They won't say that they want Ukraine eradicated.
Every population is susceptible to propaganda. But Russia is on a completely different level. For many, when they see something with their own eyes but the TV says the opposite, they believe the TV. And the TV says blatantly and easily verifiably false things. Such blatant propaganda wouldn't work in the West.
Such blatant propaganda wouldn't work in the West.
Stop the steal!!
Thats because some anti-war people have unrealistic expectations to what they consider support. Not enough to just not like it. Anything less then beaten up by police and lost yout job on protest is not enough. Hell, before Navalny got to prison there were rumours, every now and then, that he is kremlin project to divide opposition, so the barrier to count as antiwar could be even "actively tortured in prison" for some.
When in reality 75% of the population dont give a fuck and wont care both if putin conquers europe or if they are separated from moscow by 4 new country borders.
Yeah I also heard the American banking system is as strong as ever... 👀. Not like they'd actually tell us and risk a bank run!
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.
you can only artificially prop it up for so long
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.
"They're laughing at us."
Narrator: They were.
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!
Why everyone fall down stairs and out windows all the time?
Looking forward to Russia becoming China's shittiest vassal state.
It already is. The doubt is when will it "sell voluntarily" Siberia to China.
Putin's war crumbled its worth.
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.
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.
One Japanese Yen is worth 0.7 pennies today.
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.
"Deeper economic issues" is one of nicer things he's been called since he started openly warmongering.
Year over year, the yen is down 8.3% vs USD
Year over year, the rouble is down 46.2% vs USD
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.
Ugh, don't remind me (I get paid in JPY).
Wait, is this $0.01 American or Canadian we're talking about
Either / both.
Misleading title
What's misleading about it? His inner circle aren't upset? He has an inner hexagon rather than a circle?
You see comrade, this is misleading title. The mighty Russian rouble is worth one mighty Russian Rouble.
How so? A Russian ruble is now worth less than a US penny.
It's been for years, that's why. The article says it like it's new
A ruble has only been worth less than a penny one other time in the last 20 years, and that was in Feb 2022. After which Russia instituted a plethora of monetary policies to get it back under control. But the price has been steadily sliding back down.
You are playing with margins. In early 2016, it was only 1.2 times what it is today
How so?
What economic change will Putin make to stabilize the currency, besides raising interest rates?
I see the trend continuing. How long can the trend continue without social unrest?
Who wants to hold Russian currency?
The problem is so massive that the social implications are hard to grasp.
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
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.
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
Double-checked, and you're right.
The same can be said about the US penny and nickel. Both cost at least double their value to produce.
While true for the penny at least ($0.03 melt value (for solid copper pennies before 1982)) that's the lowest value coin we have. What's a Kopeck worth vs it's metal value?
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.
I'm totally imagining the coin being like the 3 seashells on hard mode.
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.
It's what they choose through inaction
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.
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!
If the whole country revolts they take over. They are complacent
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 🤞
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).
Doesn't Putin and the war have 80% approval rating up until very recently?
Its funny that people like you believe in this bullshit, and then shit on russians for believing in propoganda as if you dont do the same :)
We don't know the real numbers and likely will not be able to know. When one of the answers has the potential to land you in prison, public polls are pretty useless.
However, if you talk to any anti-war Russians, they will tell you that from their observations the majority support the war and the 70-80% figure is in the right ballpark. Explicit support is just too common. A person who doesn't support the war will probably say that he doesn't want to answer the question or discuss the topic. They won't say that they want Ukraine eradicated.
Every population is susceptible to propaganda. But Russia is on a completely different level. For many, when they see something with their own eyes but the TV says the opposite, they believe the TV. And the TV says blatantly and easily verifiably false things. Such blatant propaganda wouldn't work in the West.
Stop the steal!!
Thats because some anti-war people have unrealistic expectations to what they consider support. Not enough to just not like it. Anything less then beaten up by police and lost yout job on protest is not enough. Hell, before Navalny got to prison there were rumours, every now and then, that he is kremlin project to divide opposition, so the barrier to count as antiwar could be even "actively tortured in prison" for some.
When in reality 75% of the population dont give a fuck and wont care both if putin conquers europe or if they are separated from moscow by 4 new country borders.
Yeah I also heard the American banking system is as strong as ever... 👀. Not like they'd actually tell us and risk a bank run!
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.
you can only artificially prop it up for so long
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.
"They're laughing at us."
Narrator: They were.
Why everyone fall down stairs and out windows all the time?
- falling rubles..."stable rubles;" stable footing
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.
Looking forward to Russia becoming China's shittiest vassal state.
It already is. The doubt is when will it "sell voluntarily" Siberia to China.
Putin's war crumbled its worth.
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!
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.
One Japanese Yen is worth 0.7 pennies today.
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.
"Deeper economic issues" is one of nicer things he's been called since he started openly warmongering.
Year over year, the yen is down 8.3% vs USD
Year over year, the rouble is down 46.2% vs USD
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.
Ugh, don't remind me (I get paid in JPY).
Wait, is this $0.01 American or Canadian we're talking about
Either / both.
Misleading title
What's misleading about it? His inner circle aren't upset? He has an inner hexagon rather than a circle?
You see comrade, this is misleading title. The mighty Russian rouble is worth one mighty Russian Rouble.
Sure is a good thing the US didn't set 1rub equal to 0rub!
Here is an alternative Piped link(s): https://piped.video/watch?v=noQsHiTJAXo
Piped is a privacy-respecting open-source alternative frontend to YouTube.
I'm open-source, check me out at GitHub.
It's an 8 dimensional hypercube, obviously.
Hence his skill in 4-D chess
How so? A Russian ruble is now worth less than a US penny.
It's been for years, that's why. The article says it like it's new
A ruble has only been worth less than a penny one other time in the last 20 years, and that was in Feb 2022. After which Russia instituted a plethora of monetary policies to get it back under control. But the price has been steadily sliding back down.
You are playing with margins. In early 2016, it was only 1.2 times what it is today
How so?
What economic change will Putin make to stabilize the currency, besides raising interest rates?
I see the trend continuing. How long can the trend continue without social unrest?
Who wants to hold Russian currency?
The problem is so massive that the social implications are hard to grasp.