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Cake day: June 18th, 2023

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  • This is one of the economic indicators Russia can’t hide, and it’s not looking good.
    In 2022 when they increased interest rates to 20%, they strengthened the Ruble by a lot, doubling the value of the Ruble.
    But the Ruble has been declining since, and now even with nearly as high an interest rate of 19%, The Ruble is almost as low as the dramatic drop in 2022 that caused the interest hike to 20%.
    This is the second time in a couple of months they increase interest rates, and combined they are a 3% increase in a short time. And the Ruble remains at a low value.

    For anyone in doubt, this is a strong indicator that the Russian economy can’t handle the pressure of the war. Russian wages are losing value fast, and investments are very expensive, so a further decline in the Russian economy is likely. Especially since there is no cheap unemployed labor to draw growth from, which there normally would be in a situation of economic decline, but there is already full employment.

    The Russian economy is in decline and overheating at the same time.





  • Yes it looks suspiciously like that may have something to do with it.
    But last I heard they were pushing pretty hard in Kherson, at the same time they continued pushing in Donetsk, so I think it’s more an overall attempt to “punish” Ukraine, than just trying to take back occupied territory in Kursk.
    Obviously the Russian strategy from the start was to try to overwhelm Ukraine, then they shifted to a strategy of trying to wear them down. I’m honestly not sure the Russian even know what they are doing at this point, whatever they are trying, it seems like they are wearing themselves down more than they are Ukraine.

    Ukraine was probably trying to bait Russia, and it seems to have worked, and it’s kind of funny, because it reminds me of how Harris baited Trump at the debate. The idiots can’t help themselves, they fall for it even when they know they shouldn’t.




  • This is the most insane meat-wave yet, losing 1380 personnel, but only 1 tank! Apparently very little equipment for the Russian soldiers to support their offensive.
    Allegedly the Ukrainians have stopped Russian progress in the Donetsk region towards Pokrovsk.
    And 9 Russian attacks in Kherson have been averted yesterday.

    Hopefully it’s the Ukrainian defense strategy that’s beginning to pay off, where Ukraine has build strength while the Russian continued their offensives exhausting themselves.

    This combined with more air defense like the Iris-T from Germany, and Russia running low on missiles, will hopefully improve conditions in Ukraine.




  • “We cannot lend in yuan because we have nothing to cover our foreign currency positions with,” said Sberbank CEO German Gref,

    Sberbank is a Russian state owned bank, so I’m surprised he’s allowed to say that? Especially since the Russians are jumping through hoops to make it look like their economy is fine.

    But most people here are probably already aware that the Russian economy has been stressed to the limit for a while now, and the cracks are beginning to show.