ruble = 33 to $1
1 barrel of oil exported = $100 USD converted to rubles = $3300 Rubles
10 mil barrels a day = 3.65 billion barrels a year or $365 billion USD a year INCOME to Russia
average income in Rubles for Russian worker = $665,000 rubles
1 IPOD = $100 USD or $3300 rubles
1 chicken = $10 USD or $330 rubles
1 used car = $1000 USD or $33,000 rubles
Russia Feb 2015
ruble = 65 to $1
1 barrel of oil exported = $50 USD converted to rubles = $3300 Rubles
10 mil barrels a day = 3.65 billion barrels a year or $182 billion USD a year INCOME to Russia
average income in Rubles for Russian worker = $665,000 rubles1 IPOD = $100 USD or $6600 rubles
1 chicken = $10 USD or $660 rubles
1 used car = $1000 USD or $66,000 rubles
Russia has to survive on a cut in half of its income from oil.
Russia citizens have lost half their buying power than they had 6 months ago.
Effectively, Russia if it were a person would have to live on half of his income while everything
it buys costs double.
This is the same as a US citizen who used to make $50,000 a year now makes $25,000, while the
food he used to buy for $400 a month now costs him $800.
If Russia were a person you can see it will not take long for him(Russia) to be bankrupt.
It is a game of chess and Russia seems to be down to a King (Putin) and a few pawns.
Unfortunately for the pawns, the Russian citizens, their rent will be double moving forward and their
lifestyles will be very hard. As long as Oil remains under $60 USD a barrel.
This is very similar to the depressive pricing done by the USA to our Fannie Mae share price.
The only reason Fannie is $2.20 a share is because our government wants it to be $2 a share.
Fannie Mae and Freddie Mac are among the top 10 companies in the world by profit per share.
Because the US Treasury is sweeping (TAKING) those profits it keeps the stock depressed.
The current price of FNMA is not the true value, it is the value that the USA government wants it to be.