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“No reason to panic”, says Vladimir Putin after the Russian ruble crashed on Wednesday, and the Russian central bank has now been forced to close foreign access to trading in rubles.

What “no reason to panic” really means is, those who bought rubles in June 2022 have now lost 49 percent of the value. In other words: Russians who have saved up for their pensions have lost half of their life savings in two years because of Putin’s disastrous war.

Source: cnbc.com/2024/11/28/russia-tri

Laloofah

@randahl “No reason to panic” = “No reason to rise up against me & my viciously cruel, violent, rapacious oppression of you.”

I found this recently & it helps to explain tfg & his cabal’s calamitous economic plans as well…
“It is also in the interests of the tyrant
to make his subjects poor…
the people are so occupied with their daily tasks
that they have no time for plotting.”
~Aristotle, “Politics”