Originally posted by hugebrain
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Reply to: DOOM: You
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Previously on "DOOM: You"
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Originally posted by Fraidycat View PostThats not the reality. Just look at the Rubble it has soared in value since the war, google the rubble/usd chart. Russia has soaring oil and gas revenues. While consumers in the UK struggle with ever higher energy prices, pushing us into a recession.
That’s due to capital controls - all foreign currency deposits are frozen, you buy real currency in bulk for rubles - cash sales are only from what bank acquired from people selling (qnd they don’t), it’s as fake exchange rate as it was in Soviet union, which accidentally was 0.60 rub/usd - ominously similar.
Having said that the West has not done enough to crash it further but that’s due to allowing sales of gas/oil, this will be shutdown soon too physicallyLast edited by AtW; 20 November 2022, 14:38.
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Originally posted by Fraidycat View PostPutin rakes it in from high energy prices. We be the ones paying the higher prices and making him richer.
Sanctions seemed to have worked the wrong way. We are now in recession and paying record high prices for almost everything and record high taxes as well.
Gas - he manipulated the price in Europe by constraining supply starting from summer 2021, that’s the biggest impact on electricity pricing especially in this country, however since Putin cut off most of supply he isn’t getting most benefit from the higher pricing - he has limited pipeline capacity to Chine so he can’t redirect flows, as the result Gasprom’s exports down 2/3 already, his gas blackmail card is now done.
Best part is that any money he still gets will be arrested and used to compensate for the damage he caused - for many decades to come, so man the fook up and be grateful you ain’t sitting in cold trenches somewhere in France right now to get important job done.
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Originally posted by Paddy View Post
Not so much. He has to sell at large discounts to India and China. Much of Russian trade is now down to barter thus avoiding the banking system.
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Originally posted by Fraidycat View PostPutin rakes it in from high energy prices. We be the ones paying the higher prices and making him richer.
Sanctions seemed to have worked the wrong way. We are now in recession and paying record high prices for almost everything and record high taxes as well.
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Putin rakes it in from high energy prices. We be the ones paying the higher prices and making him richer.
Sanctions seemed to have worked the wrong way. We are now in recession and paying record high prices for almost everything and record high taxes as well.Last edited by Fraidycat; 20 November 2022, 12:51.
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DOOM: You
“Middle earners face further squeeze as Hunt plots 'social tariffs' for energy
Ministers look at policy to subsidise bills for low income households
Middle earners face a fresh income squeeze as the Government examines plans for “social tariffs”, which would see the energy bills of vulnerable households subsidised through levies on bills paid by the better off.
The Government plans to “develop a new approach to consumer protection in energy… including options such as social tariffs,” documents published alongside the Chancellor’s Autumn Statement show.
Social tariffs would see the energy bills of low earners capped at a certain level, with the policy paid for either through general taxation or a charge on the bills of higher earners.
The proposal is being looked at as part of Jeremy Hunt’s plan to replace a blanket cap on energy bills that will average £2,500-a-year this winter.
Economists warned that social tariffs risked dragging millions more households who do not qualify for benefits into fuel poverty by excluding them from support.
It comes amid a growing backlash to Mr Hunt's economic policies from Conservative MPs, who have warned that a tax grab will stifle growth and lead to the Tories being wiped out in the next election.
Changing the way energy support is delivered could potentially add hundreds of pounds a year to the bill of an average middle class household if social tariffs are adopted and paid for through a levy added to other bill payers. The energy price cap is already set to rise to an average of £3,000 from April, Mr Hunt has said.”
https://www.telegraph.co.uk/business...ariffs-energy/
Great alternative to having a long term energy security strategy…Tags: None
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