Comments by "John Walsh" (@johnwalsh4857) on "Russian Ruble: Will It Recover or Revalue?" video.

  1. I predict Russian ruble will be doing the hyperinflation dance in the next few years. Russian ruble is a memecoin
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  2.  @Kim-e4g4w  1 peanut the squirrel meme coin is worth more than 1 Russian ruble.
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  3. also yah the Russian soldiers may be paid 2 million rubles or 22K USD just as a sign up bonus to fight vs. the Ukrainians but when hyperinflation kicks in that 2 million Rubles may be worth what 2 USD. and the soldiers are paid in Rubles. You simply cannot save rubles these days so either you spend them fast or you buy USD Euro or any other stable currency and store them like in a safe in your house or some secret place since if you put them in the bank, the bank will alert the Russian gov and you may have your USD confiscated. and the banks will only sell you limited amounts of USD. so who to turn to...the Russian black market which Ive heard sells USD for like 400 Rubles to 1 USD. hahah. and if you buy rubles from them the rate is like 100 rubles 1 USD. Here is Vancouver Canada , most exchange stores dont even take Rubles , but those who do the rate is selling Rubles 200 Rubles = 1 CAD, buying Rubles 1 CAD = 40 rubles haha, and the exchange rate is 1 CAD = 76 rubles.
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  4. also getting popular in Russia is the buying of USD backed Stable coins like USDC and USDT from exchanges like Binance. Yep Russians know the Ruble is shit and headed for hyperinflation so buying Crypto Stable coins is the way to go since buying USD from banks suck and limited, and buying USD from the black market too expensive. also Russian banks allow fiat cashed out from crypto exchanges however I do think the people probably have to cash out in limited amounts so their accounts dont get flag and reported to the Russian gov.
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