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[-] Chainweasel@lemmy.world 198 points 1 year ago

On Amazon you can get a 24pk of Charmin toilet paper for $37. That's $1.56 per roll.

There are 150 sheets of toilet paper on a roll so that's $0.01⁰⁴ per sheet.

The Russian ruble is at 101.00R to $1.00USD, making it equivalent to $0.00⁹ (9 mil) in USD.

It's now officially cheaper to wipe your ass with Russian money than toilet paper

[-] red@feddit.de 41 points 1 year ago

If you use 1 rubel coins, sure. Personally, I prefer to splurge on TP.

Let me know once the 50 rubel note is cheaper than a sheet of TP.

[-] Chainweasel@lemmy.world 32 points 1 year ago

If you use 1 rubel coins, sure

I'm pretty sure the metal value of a 1 ruble coin is worth a substantially more in it's weight in metal than 1 ruble

[-] monk@lemmy.unboiled.info 26 points 1 year ago

Double-checked, and you're right.

[-] EvergreenGuru@lemmy.world 7 points 1 year ago

The same can be said about the US penny and nickel. Both cost at least double their value to produce.

[-] Chainweasel@lemmy.world 4 points 1 year ago* (last edited 1 year ago)

While true for the penny at least ($0.03 melt value (for solid copper pennies before 1982)) that's the lowest value coin we have. What's a Kopeck worth vs it's metal value?

[-] monk@lemmy.unboiled.info 1 points 1 year ago

I remember it used to be 1/13 of its metal value, but I can't Google it up quickly and the ratio has probably changed since then anyway.

[-] Mikekm@lemmy.world 18 points 1 year ago

I'm totally imagining the coin being like the 3 seashells on hard mode.

[-] maporita@unilem.org 48 points 1 year ago

Shows that the $60 oil cap is working. The Russian central bank will likely raise interest rates to halt the slide. Unless Russia can boost it's exports or reduce it's imports there are no other options. Putin is unlikely to reduce spending on the war so in the end it is ordinary Russians who will bear the brunt of this.

[-] AnyProgressIsGood@lemmy.world 15 points 1 year ago

It's what they choose through inaction

[-] Leminator@lemmy.world 21 points 1 year ago* (last edited 1 year ago)

I don't think that's fair. Yes, some are supportive of the invasion, some are passively complicit, but those against it are likely afraid to speak up. They have to think about their future and their loved ones. People were being arrested for literally standing and holding a blank sheet of paper in protest, and in Russia I don't think the legal system is quiiiiite as accountable and human-rights-ish as in the US. It's easy (and a bit shitty) for us to judge those not willing to put their life on the line for Truth when we're behind a keyboard and not the ones taking the risk.

[-] xePBMg9@lemmynsfw.com 16 points 1 year ago

Every population ever had to suffer before they decided revolt is a good idea. When they are dying and have nothing left to loose. That's when stuff happens.

[-] kwking13@lemm.ee 11 points 1 year ago

What action was the general public supposed to take? Opposing voices have ended up in jail or worse. If you think this can't happen to you in your country then you're very much mistaken!

[-] AnyProgressIsGood@lemmy.world 9 points 1 year ago

If the whole country revolts they take over. They are complacent

[-] kwking13@lemm.ee 7 points 1 year ago* (last edited 1 year ago)

What's this "whole country" thing...how do you get that to happen? No, I'm seriously asking cause as an American, I wanna know how we can revolt for healthcare and a livable wage. Just takes all of us right? Maybe tomorrow 🤞

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[-] okamiueru@lemmy.world 6 points 1 year ago

Doesn't Putin and the war have 80% approval rating up until very recently?

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[-] whats_a_refoogee@sh.itjust.works 10 points 1 year ago

Ordinary Russians either support the war or have no qualms with it. Maybe if it starts affecting their day to day life, some of them will change their stance.

[-] expatriado@lemmy.world 44 points 1 year ago

you can only artificially prop it up for so long

[-] Puppy@kbin.social 42 points 1 year ago

Well yeah, no shit, it was kind of expected.

It lasted one more year than it should have but now the pressure will gradually and slowly build up on Russia's side.

All Ukrainians have to do now is defend, chill out and wait.

Your move, Putin.

[-] MajorHavoc@lemmy.world 31 points 1 year ago

"They're laughing at us."

Narrator: They were.

[-] jesterraiin@lemmy.world 28 points 1 year ago
  • They infuriated. Send them to Gulag.
  • But komrade Putin, Gulag now too small. We sent even babushkas who protested of us sending their grandchildren to front.
  • Make it bigger. Massive. It will help the ekonomy. If in troubles, start a war of build Pyramids. Russia kan do both!
[-] VitoCorleone@lemmy.world 22 points 1 year ago

Well, to be honest the ruble has been sucking for a while:

https://www.xe.com/currencycharts/?from=RUB&to=USD&view=5Y

However, it now sucks more.

[-] Clown_Tempura@lemmy.world 21 points 1 year ago

Looking forward to Russia becoming China's shittiest vassal state.

[-] bossito@lemmy.world 10 points 1 year ago

It already is. The doubt is when will it "sell voluntarily" Siberia to China.

[-] xc2215x@lemmy.world 20 points 1 year ago

Putin's war crumbled its worth.

[-] autotldr@lemmings.world 10 points 1 year ago

This is the best summary I could come up with:


On Sunday, images were shared online of a small symbolic protest mounted in western Siberia: A building’s chyron kept repeating the message that “Putin is a dickhead and a thief,” calling the ruble’s exchange rate “crazy.”

Nonetheless, Russia’s central bank decided to freeze purchases of foreign currency on the domestic market through the remainder of this year to restore faith in the sliding ruble.

The economic situation in the United States by contrast is deteriorating fast,” then Fox News host Tucker Carlson, a chief critic of U.S. aid to Kyiv, said last April.

Nabiullina was celebrated for cleverly steering her financial system through the worst of the turmoil by placing a range of capital controls that quickly stabilized the currency and prevented mass outflows.

“They were a quick fix for the ruble in 2022, but are counterproductive in the long run,” wrote Janis Kluge, senior associate at the German Institute for International and Security Affairs, last week.

The Russian army is attempting to defend large swaths of territory seized in the early months of the invasion against a Kyiv counteroffensive boasting modern Western military equipment.


I'm a bot and I'm open source!

[-] Puppy@kbin.social 8 points 1 year ago

Well yeah, no shit, it was kind of expected.

It lasted one more year than it should have but now the pressure will gradually and slowly build up on Russia's side.

All Ukrainians have to do now is defend, chill out and wait.

Your move, Putin.

[-] silvercove@lemdro.id 2 points 1 year ago

One Japanese Yen is worth 0.7 pennies today.

[-] arbitrary@lemmy.world 62 points 1 year ago* (last edited 1 year ago)

You are right, the spot exchange rate at a given point in time is random and tells you nothing (nothing!) about the value or strength of a currency. Japan is a great example.

What, however, does indicate a weakening or economic downturn is the uncontrolled depreciation of a currency, which errodes savings, threatens foreign debt paybacks, and makes imports more expensive

The Yen is relatively stable for decades at its spot. The Rubel is sliding against monetary and fiscal efforts, which indicates deeper macroeconomic issues.

[-] MajorHavoc@lemmy.world 2 points 1 year ago

"Deeper economic issues" is one of nicer things he's been called since he started openly warmongering.

[-] Windex007@lemmy.world 17 points 1 year ago

Year over year, the yen is down 8.3% vs USD

Year over year, the rouble is down 46.2% vs USD

People aren't talking about absolute value. Being worth 0.01 of one dollar or 300 of one dollar doesn't say anything.

People are saying it with the context of the previous value.

If there is a headline saying Euro/dollar has reached 1.30, no one should be responding "so what, the Canadian dollar is 1.35". Because everyone knows the context of Euro/dollar not being near that rate for a long time.

[-] tiredofsametab@kbin.social 2 points 1 year ago

Ugh, don't remind me (I get paid in JPY).

[-] Gleddified@lemmy.ca 2 points 1 year ago

Wait, is this $0.01 American or Canadian we're talking about

[-] grayman@lemmy.world 5 points 1 year ago

Either / both.

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this post was submitted on 14 Aug 2023
590 points (97.7% liked)

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