• andyburke@fedia.io
    link
    fedilink
    arrow-up
    117
    arrow-down
    2
    ·
    3 days ago

    A ten year steady decline in the currency of a “world power” is no big deal. 👍

    • tburkhol@lemmy.world
      link
      fedilink
      English
      arrow-up
      43
      arrow-down
      1
      ·
      3 days ago

      Yeah, the message I get is that a 10% one-day decline doesn’t look like much on the tail end of 70% losses. Worthless paper is worthless.

    • clucose@lemmy.ml
      link
      fedilink
      English
      arrow-up
      22
      ·
      3 days ago

      Russia has the same economy as Italy. We take them only seriously because of their nuclear weapons.

    • marcos@lemmy.world
      link
      fedilink
      English
      arrow-up
      4
      ·
      edit-2
      3 days ago

      Actually, it’s not. But it’s not a world power either.

      And a large decline in a single day, smaller than that steady decline in a decade can be quite a big deal. Or can be nothing. Nobody knows.

    • superkret@feddit.org
      link
      fedilink
      English
      arrow-up
      8
      arrow-down
      9
      ·
      3 days ago

      According to some social media bubbles, it should have dropped to 1/10 in the past 2 years.

      • psmgx@lemmy.world
        link
        fedilink
        English
        arrow-up
        6
        ·
        3 days ago

        According to some social media bubbles the world is flat and Xenu populated the earth

      • Valmond@lemmy.world
        link
        fedilink
        English
        arrow-up
        10
        arrow-down
        2
        ·
        3 days ago

        Ah, the kremlin talking points “look your measures doesn’t work!!1! (So can you remove them, ok?)”

        Nobody thought the ruble would crash one or two years ago.

        But well, now is now and it looks like the funds have been used up, the inflation is at its maximum utility etc etc and now it’s crash time!