Discover and read the best of Twitter Threads about #Ruble

Most recents (23)

🚨 Paradigm-shift alert!

🇨🇳 China & 🇷🇺 Russia are joining forces

1.5 billion people & a powerful mix of tech & commodities poses a threat to the 🇺🇸

What if they threw #Bitcoin in the mix?

4 ways #BTC would make 🇨🇳 & 🇷🇺 unstoppable 👇

1/13 🧵
Without #Bitcoin 🇨🇳 & 🇷🇺 joining forces is already formidable:

-1.5 billion people
-A powerful mix of 🇨🇳 Chinese tech & markets w/ Russian 🇷🇺 commodities
-Back to back in case of a 2-front war w/ the 🇺🇸US

2/13 Image
-A foundation of extensive Eurasian trade networks out-of-reach of the mighty 🇺🇸 US navy
-Vast & remote hinterlands for safe manufacturing in case of war
-🇷🇺 Russia has the rich financier that it historically benefited from on multiple occasions

3/13 Image
Read 13 tweets
It's impossible to retweet this too many times.
- The #RoadOfDeath And a #DarkPlace | Apr 8
@POTUS @vonderleyen @ZelenskyyUa Image
@POTUS @vonderleyen @ZelenskyyUa #Rand Co | Jan 25
- 'The key objective described in the doc is to #divide #EU by placing #UsefulIdiots in political positions in order to stop #Russian #energy supplies from reaching the continent'
- The entire #EU #economy will #collapse
Read 13 tweets
#Biden backs strength of #banking system after collapse of #SVB, #SignatureBank | Mar 13
- When fed auths bailed out depositors in insolvent lenders SVB (NASDAQ:SIVB) and #SignatureBank on Monday,
Joe sought to reassure the public Image
#Ukraine-#BanderasBox opened.
#RAND Co | Jan 25
- There is an urgent need for #resources to flow into the national econ, especially the #banking system. Only European countries bound by #EU and #NATO commitments will be able to provide them
#SVB #SignatureBank #BanderasBox.
#Rand Co | Jan 25
- The key objective is to #divide #EU by placing #UsefulIdiots in political positions in order to stop #Russian #energy supplies from reaching the continent
- The entire #EU #economy will #collapse
Read 38 tweets
#Russian #Ruble relaunched linked to #Gold and #Commodities | 1 Apr 2022
- With Russia’s central bank having just profoundly altered the international trade and monetary system by linking the Russian ruble to both gold and commodities…
#GoldReserves in #Russia remained unchanged at 2298.53 Tonnes in the third quarter of 2022 from 2298.53 Tonnes in the second quarter of 2022.…
#Fiat #Money-[#USD]: What It Is, How It Works, Example, Pros & Cons
- is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.…
Read 27 tweets
I am not saying these are correlated.

I am saying this is interesting

It looks to me that china is selling the f out of brit bonds.

Ok, now thats even more interesting

#1 points to a swap with GBP - everyone freaking out about a crash - no - this is intentional.

Brit pound is nuclear bom in the formula - notice its a mirror image of what GBP does (blue vs purple)

GBP moves HEAVILY influence formula.
What this means is if you were holding oil contracts in Pounds, oil price CRASHED bigly.

You will liquidate your position (or buy cause its now cheap) - im betting the liquidate after looking at the oil price move.
Read 6 tweets
Now comes the real market moves, catalysts are set . How to safely navigate what's to come! ⚠ 
Quarterly Global Market Analysis 9/10 -
This one is going to be big, macro, and significant. Multiple things are happening.
We have a lot of things in flux, and this is a time people are scared. It's time to focus. Not time to open your wallet, nope. But to be prepared for all possible situations ahead of us. Focuses: $CL $SPX $BTC #Ruble $RUBUSD
First, #Russia is screwed and #Ukraine made an extremely significant and successful military play. I've been writing on the professional side about how significant this is, but it cannot be understated the impact of these two countries.
Read 21 tweets
People asking all the time, why #Russia isn't telling straight forwardly, that the reduction of #gas flows to #Europe is a counter sanction. It annoys me as well, that they don't communicate it straight "in their face" that they are being recked currently. Well...
Russia can't do that currently.
Because #Russia needs to be a reliable partner for the emerging new order and the (now overtaking) global south.
#Ukraine #BRICS #Europe #EU
Russia wouldn't be in the best position internationally (global south), if claiming that it wants to fight such behavior, but on the other hand is applying it on its own.

That's why I expect some more ridicules and awkward games, until #Russia can eventually fully cease #gas
Read 4 tweets
(1/9) 🧵👇Market Wrap #3: 📰 Market Recap 📰

1. EUR dips below Dollar parity for the first time in 20 years

> Ukraine Russia war caused an energy crisis in EU. ECB is trying to curb inflation and cushion a slowing economy where it aims to raise borrowing costs.

> he US #Fed is raising interest rates at an accelerated rate, causing yields on US #Treasury Bonds to surge higher than EU’s debt — driving investors to the dollar and away from euros.

> Weaker currencies used to be welcomed as a means to stimulate economic growth. This is now undesirable due to inflation, making imports expensive. EU #CPI jumped to 8.6% in just a year.
Read 9 tweets
The Russian #Ruble (RUB) is poised to become a dangerous global currency & here is a 🧵 explaining why.

The Central Bank of the #RussianFederation just profoundly altered the international trade & monetary system by linking the Russian ruble to both gold (XAU) & commodities.
By offering to buy XAU from Russian banks at a fixed price of 5000RUB/gram, the Central Bank of Russia has ties the ruble to XAU. And by extension, to the dollar (XAU is traded in U$D)
Read 23 tweets
President #Putin’s Full Remarks at the #Oil for #Ruble announcement | The Vineyard of the Saker

#Russia #oil #gas #commodities…
“Today I have signed an Executive Order that establishes the rules for #trade in Russian #NaturalGas with so-called unfriendly states. We offer counterparties from such countries a clear and transparent scheme. To purchase Russian natural gas, they must open ruble accounts…”
What we are witnessing here (potentially) is nothing less than the gradual conversion of the Russian ruble from a “soft” to a “hard” currency. Students in my international business class will appreciate the significance of this.
Read 9 tweets
#RussiaUkraine #Mariupol
Rus MOD:
1 x Mi-8 was shot down & crashed near the village of Rybatskoye.

2nd Mi-8 was damaged by a missile hit, flew towards the sea, but crashed 20 kilometers from the shore.
Interestingly, trophee Stinger Manpads were used
There were 15 KIA at the Mi-8 crash site and 2 x WIA.
Reports that the deputy commander of the #Mariupol defence with call sign "Kalina" was onboard are not confirmed atm
Video of interrogation of one of the wounded survivors
#RussiaUkraine #Volunteers
Volunteers from all over Russia who signed up to go to Ukraine undergoing training at a training centre in #Chechnya
Read 127 tweets
Just so everybody knows where we're at with the #gold backed #ruble:

The announcement i'm waiting for now is the Russian central bank buying rubles for gold (selling gold) at a set price. I'd expect this to be higher than 5k per gram, more like 6k a gram.

This'd be a soft-peg
Right now, Russia's waiting for the RUB to appreciate further before implementing an upper band. If the RUB is worth less per gram than the peg they've got in mind, people would immediately sell it for gold and it'd drain reserves. Hence the delay.
I don't think a traditional hard peg is favorable, as stated, when the RUB exceeds the central bank price it'll drain their reserves. By keeping an upper and lower band, both can be moved individually and adjusted to market changes.

This will dampen RUB selling pressure.
Read 35 tweets
#G7 rejects Russia’s demand to pay for gas in #rubles
- #Putin announced last week that Russia would demand that “#unfriendly” countries pay for #naturalgas (#LNG) only in Russian currency from now on.… ImageImage
Russia’s #ruble payment plan leaves European gas buyers confused | 23 Mar, 2022
- “We can't predict at this moment what specific implications this will have for the gas trade,” Kehler
(it produces new flu waves called Covid19 producing billions in profits) ImageImage
#Credibility of #dollar and #euro ‘destroyed’ – Putin | Mar 23
- Moscow will use #rubles in #gas deals with “hostile” countries, the Russian president says. Image
Read 4 tweets
@vovka3232 #RussiaUkraine
The deputy commander of the Ukr 503rd Independent Marine Infantry Btn has been captured in #Mariupol. He say the remnants of the unit have broken up in small groups to try to make it through the blockade
@vovka3232 #RussiaUkraine
Georgian Dato Gobedzhishvili & Belorussian Dmitry Apanasovich from the "Georgian Legion" have reportedly been killed at #Irpen near #Kiev ImageImage
@vovka3232 #RussiaUkraine
First footage of combat use of the new #ISDM Remote Mining System in the #Kharkov area
More info in link…
Read 215 tweets
More #Russiasanctions do not necessarily increase the probability of #Peace, it could end up meaning the opposite. Many rightly point out that #oilandgas revenues dull the G7 block of Russian foreign exchange and have helped stabilize the #Ruble, at least for now. But...🧵
...we've never had sanctions like this and may be losing tabs on the strategy. Is a sovereign default a pre-requisite? Is there a bleed-rate on the #Ruble that equals a bleed-rate in the #war? We want to punish--understandably--but with what outcome?
We overestimated #RussianArmy and underestimated #Ukraine, thought we needed to hit immediately. But things have changed. Russia will fight an insurgency. This gives #sanctions and #Export controls more time. It also means in conflict, the return on additional sanctions weakens.
Read 6 tweets
@ACGeoEcon #Sanctions Dashboard is out. Surprise, it's all about #RussiaUkraine. We use #dataviz to compare sanctions across countries, how #Oligarchs are connected to each other and why freezing #reserves is driving #Russia towards default.🧵w gifs below.…
First, let's look at who has sanctioned what in #Russia since the #InvasionOfUkraine. The US and EU led the way. This is just entities and individuals. Keep going 👇
Next we turn to the big whopper, the freezing of 60% of #Russia's central bank reserves over night. #ruble is now at 120/USD. Analysts see credit #default trajectory. US couldn't do this alone with only 8.5%. This is international unity at play. Not done though!👇
Read 5 tweets
New #Ukraine 🇺🇦 #Russia 🇷🇺 Thread 🧵

Category: Cost of war 🪙

1) The @moscow_exchange website is still down & the Russian stock exchange remains closed. The Central Bank orders export led businesses to sell 80% of foreign currencies & bans foreigners from selling Russian securities to try and keep ruble afloat.

#PriceofPutin Image
2) Roman #Abramovich is looking for around 4 billion dollars as he looks to offload #Chelsea ⚽️…

Read 38 tweets
What effect is the #Ukraine crisis having on the financial markets?
Oil prices and safe havens have surged while the ruble and European equities sank after world powers imposed fresh sanctions on Russia over its invasion of Ukraine
Pedestrians walk past an electronic board displaying stock prices on the Tokyo Stock Exchange
📸 Kazuhiro Nogi for @AFPphoto
@AFPphoto Changes in the price of Brent North Sea crude oil in US dollars since 2008
Read 14 tweets
Why does #SWIFTban not support #Ukraine the way we want it to? #SWIFT is a messaging system. Would you ever send a friend a #WhatsApp before transferring money so she can make rent? That's what banks do to maintain balance sheets. Lots of money sloshing around out there.🧵
I don't argue against a #SWIFTban. The problem is, it's become a political symbol of #sanctions resolve when there are much more impactful things we can do to damage Russia. Full blocking sanctions on banks, SOEs and then secondary sanctions. Do that if you want to hit hard.
Taking #Russia off SWIFT will make it harder to send that #WhatsApp message, but there are alternatives, including a fax machine. We only took #Iran off of SWIFT after we embargoed the country, as a "nice to have." Economic warfare has a different tempo than real warfare. 👇
Read 7 tweets
#war #Kyiv #Ukraine #Russia Collecting all reports thread; Ukraine's operational command says "cruise and ballistic missile strikes are underway at the control centres in Kyiv" from @lukeharding1968 Friends report explosions in #Kyiv, #Odessa #Kharkiv #Mykolaev thread, add info
Targets include airfields and military headquarters, operational command says
"Distant crumps - soft explosions - reported from west Kyiv, towards the airport. Not Cruise missiles, i think, but sounds like an attack on the airport." @JohnSweeney
Read 2780 tweets…

Interesting read; and falls in line with how i'd expect oil to behave going into 2021.

The only thing i find missing is the perspective that War is good for the price of oil, US Shale *also* needs higher prices = more motive for the US-China war path.
Just to clarify, if we look at a #China-#USA conflict through the lens of #oil prices, i see:

1. The price of oil rises.
2. US #Shale needs higher oil prices.
3. China, being the worlds largest importer of oil by far, needs lower oil prices.
4. #SaudiArabia needs higher prices.
Higher #oil prices hurt Chinese industry while helping US industry (currency stays local because of #shale). It hurts the EU too but the US is pretty much past the point of caring about Europe, geopolitically speaking.

In this case, #Russia's the Red Herring. They don't matter.
Read 9 tweets
@INETeconomics By a chance, the article saying #MMT "theorists ignore how their policies could hurt developing countries" places #Ukraine currency #hryvnia (notes of 20 hryvnia's) as its cover picture.

@INETeconomics Btw, another time when #MMT-related literature opted by a mere chance to associate itself with #Ukraine's currency was the book 'Can "It" Happen Again?' written by Hyman Minsky (2nd ed published in 2016).

This time there is a jar of coins 5 kopecks each (5 #копійок).

@INETeconomics I am #Ukrainian, having a 22-year experience in the Ukraine's financial sector (1995-2017) and working full-day jobs first as bank officer doing debts/credits and then as research economist. I worked in the banking sector as well as in the non-banking financial sector.

Read 31 tweets
THREAD 1/ Russia's economy has built enough stamina to weather new sanctions – huge reserves, budget surplus, low #inflation
2/ Russia's yield rose after the sanctions announcement, but from macro point of view, sanctions on new #ruble debt won't be catastrophic
3/ In response to the ruble weakening on the sanctions news, Russia's central bank reduced planned purchases of FX and the ruble pared losses after that step
Read 8 tweets

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