Energy Investing - Doom RUBLES FOR WHEAT? - Energy Investing - InvestorVillage


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Msg  419793 of 429863  at  5/20/2022 2:17:15 PM  by

doomonyou


 In response to msg 419790 by  c185pilot2000
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Re: Doom RUBLES FOR WHEAT?

There is no exchange rate.

You can buy Russian raw materials. Or I suppose a few weapon systems.

Russia cannot buy anything from what were most of its top trading partners. EU nations, US, SK, Japan etc.

This is where almost all the high tech finished goods in Russia are from.

Russia lost access to parts for more than half its Jet fleet (commercial and cargo) these are all Boeing and Airbus planes that they now will have to supply with parts from grey market suppliers etc. As an example, Germany by itself exported nearly 30 billion dollars a year in goods to Russia. These were almost entirely high end finished goods and machinery especially.

This repeats for mining equipment. Agricultural equipment. Pumps and motors. etc.

The capital stock in the country will not simply explode overnight, but after a year will be either impossible to maintain or so expensive to do so it will be ruinous for those industries.

But the oil imports happen in real time. So with strict capital controls money goes in, but can't come out. Ergo a strong currency. Open the capital control/Embargo wall and that rate would be quite different.

So as I said, it is my position that Russia has been torpedoed. But such a large ship will take time to sink.


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Replies
Msg # Subject Author Recs Date Posted
419794 Re: Doom RUBLES FOR WHEAT? c185pilot2000 33 5/20/2022 2:22:39 PM
419795 Re: Doom RUBLES FOR WHEAT? sluicer 0 5/20/2022 2:26:42 PM
419808 Re: Doom RUBLES FOR WHEAT? makemoneyinoilandgas 4 5/20/2022 3:04:14 PM
419815 Re: Doom RUBLES FOR WHEAT? c185pilot2000 4 5/20/2022 3:26:55 PM
419818 Re: Doom RUBLES FOR WHEAT? romm 35 5/20/2022 3:31:15 PM


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