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Helius

Senior Member
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White House says Biden, China’s Xi may talk in coming weeks​

On a scale of 1-10 on how pissed off Xi would be during their next meeting, I think Xi would be at least an 8.
I'd rather Xi tear Biden a new one TBH for both countries' sakes.

It's when Xi talks calmly with no emotions whatsoever that you should be really scared, 'cause that's when China decides it's past the point of no return and you aren't worth getting worked up over anymore.

Better indicator would be how briefly the meeting would end up being.
 

Overbom

Brigadier
Registered Member
I'd rather Xi tear Biden a new one TBH for both countries' sakes.

It's when Xi talks calmly with no emotions whatsoever that you should be really scared, 'cause that's when China decides it's past the point of no return and you aren't worth getting worked up over anymore.

Better indicator would be how briefly the meeting would end up being.
My guess is that the meeting will be about Biden's IPEF and Taiwan (recently some noises have resurfaced on that)
 

Helius

Senior Member
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Considering how the JP govnt dealt with Chisso on the Minamata scandal, or rather how they didn't deal with it and left it to the courts to hand out "sympathy (hush) money" to some victims and call it a day, the Okinawans are probably in even worse spot for any respite, let alone compensation, because the govnt will likewise pretend the problem doesn't exist, or the water is "safe"; and for anyone willing to sue, fat chance getting the US forces to submit to the jurisdiction of Japanese court system.
 

Strangelove

Colonel
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Ruble's massive boner rapes western economic "shock & awe", it would seems that the west is now shocked and awed.

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Ruble smashes four-year high against US dollar​

The Russian currency strengthens ahead of upcoming tax payment

Ruble smashes four-year high against US dollar


The Russian ruble reached a four-year high on the US dollar and a seven-year high against the Euro on Friday. The ruble is being propelled by capital controls, the new ruble-based gas payment scheme and looming corporate tax dues, which are pushing up domestic demand for the currency.

Reaching 57.67 rubles against the dollar at 08:13 GMT represents the ruble’s strongest position since March 2018, according to data from the Moscow Exchange. The ruble also gained nearly 5% on the euro, with the exchange rate reaching below 60 rubles per euro.
According to Bloomberg, the Russian currency has become the world's best-performing currency this year despite its sharp drop in April sparked by unprecedented economic sanctions placed on Russia.

However, it has since strengthened due to measures introduced by Russia’s central bank and government. As part of the regulator's capital controls, Russian citizens and residents are allowed to buy euros, US dollars or other European currencies at the official exchange rate but cannot withdraw the foreign funds until September 9. People who held US dollar and euro accounts at Russian banks before March 9 are allowed to withdraw $10,000 or its equivalent for the period up through September 9. However, Russian citizens can buy any other foreign currencies, and ruble withdrawals are not limited.

The upcoming tax payment is also pushing the ruble higher, as it traditionally requires extra conversion of foreign currency to rubles.
Russia’s stock indices have also been on the rise. The dollar-denominated Moscow Exchange index grew by 0.33%, up to 2,444.57 points, while the ruble-denominated RTS index edged higher by 0.72%, up to 1,254.69 points around 07:04 GMT, data from the trading floor shows.

ruble boner.jpg
 

gelgoog

Lieutenant General
Registered Member
However, it has since strengthened due to measures introduced by Russia’s central bank and government. As part of the regulator's capital controls, Russian citizens and residents are allowed to buy euros, US dollars or other European currencies at the official exchange rate but cannot withdraw the foreign funds until September 9. People who held US dollar and euro accounts at Russian banks before March 9 are allowed to withdraw $10,000 or its equivalent for the period up through September 9. However, Russian citizens can buy any other foreign currencies, and ruble withdrawals are not limited
This is incorrect. Russia recently increased the withdrawal limit to $50,000 USD per month.
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And guess what. Two days after this announcement the Ruble strengthened even more.

Russian inflation is also dropping and is expected to turn into deflation in the summer. The Central Bank might lower rates again.
 
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