https://x.com/potus/status/1507842574865866763
As a result of our unprecedented sanctions, the ruble was almost immediately reduced to rubble.
— President Biden (@POTUS) March 26, 2022
The Russian economy is on track to be cut in half.
It was ranked the 11th biggest economy in the world before this invasion — and soon, it will not even rank among the top 20.
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The big dip here was on March 4th. By the time he took credit for it, the ruble had already recovered, and then enjoyed 8 months of being stronger than it was before.
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The Ruble still hasn't recovered from its crash in 2014 following the annexation of Crimea. In 2014 it hadn't yet recovered from the GFC. At the time of the GFC, it hadn't yet recovered from the collapse of the Soviet Union. In that time, GDP has quintupled and real GDP has nearly doubled. USA had similar real GDP growth since the fall of the SU. The Ruble is a bad metric for the Russian economy since in practice they use USD whenever they can, and it's a meme economy anyway.
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I don't know enough of those words, I just thought it was funny how daddy Biden immediately jumped on some blip that changed.
I'm sure the Ruble is doing terrible.
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marseybux is currently stronger than the ruble which in turn is stronger than the dollar.
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found the incel
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hey that is my line!
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Nah, the ruble didn't recover. The $ just fell down as well and thus the ruble - in comparion - looked better again!
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