Quote:
Originally Posted by L-Pink
So continue to lash out at your government, that's natural, I do it. But don't gloat about your good fortune which is tied exactly to their misfortune and harder lives.
Dick.
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What he doesn't see in Moscow is how the other side of the country is affected. Cities like Vladivostok, Nakhodka and other areas in the Far East where almost all stuff including food is largely imported from Korea, China and Japan (90% of all cars are used Japanese cars) and so on. Now they are fucked... they can't sell something for Rubles and pay in $ because Rubles are in a free fall. Foreign companies can no longer give them credit terms because you can't give someone 100k in Electronics or appliances, expect them to sell in Rubles and then convert those Rubles to $ for repayment. By the time that product gets from Korea to Vladivostok, Rubles could have dropped another 30%. Since salaries didn't rise 30%, products get more expensive and do not sell anyway. So they get truly fucked. Tons of people went out of business over night that were relying on imports when the Ruble crashed in 98 (was devalued by the government).... I watched the whole Russian Far East completely grind to a halt then as well and know exactly how this plays out in most of these regions. It's not pretty for anyone.
The only people that thrive are those exporting natural resources (fish, coal, timber, metals etc) as they collect payments in Dollars/Euros but still pay all domestic expenses in Rubles where production and every related cost is getting cheaper and cheaper for them. But the common people suffer a lot because prices on everything are going sideways more and more by the day, but their salaries will remain mostly unchanged or lag far behind price increases. Or.... common people have a great deal of "opportunity" as CyberSEO says,.. presumably an improved opportunity to suffer.