| The Russians are suffering from the Economic | | | | us our money back and charges us interest. Without |
| Depression as well. However, the people are keenly | | | | OUR money the banks would not be able to function |
| aware of the problems associated with a devalued | | | | because they do not produce anything. Seems like an |
| currency. The ruble's value has been allowed to fall | | | | unnecessary, vicious cycle to me. From here on out, |
| even lower against that of the dollar and the euro. | | | | I'm strictly cash and carry. |
| This was allowed because the Russian economy is | | | | Like the Russian's I do not have confidence in our |
| tied heavily to oil, and since oil is trading at $49 a | | | | currency. I believe there is a world wide effort to |
| barrel they are hurting. I read somewhere that Russia | | | | devalue all currencies in order to push a global answer |
| needs oil to be about $70.00 per barrel in order for | | | | to the current economic crises. I believe my hard |
| them to balance their budget. | | | | earned money belongs in my tired hands, not the |
| Regardless of the politics I want to focus on the | | | | banks. They have made enough money off of my |
| people, in Russia they're called the working class. | | | | back. I also believe there is no need to save right |
| Average, everyday Russian's are trading their Russian | | | | now. You should be out buying food, guns, ammo, |
| Rubles for foreign currencies. In the month of | | | | and survival supplies. If you have too much to spend, |
| October they have withdrawn ($13 billion)355 billion | | | | turn it into gold and silver. Gold is often considered |
| rubles; a 6% reduction and opened foreign currency | | | | the universal currency and people have traditionally |
| deposits in their place; an 11 % increase. | | | | turned to it in times of uncertainty. |
| Apparently the Russian citizens have decided to go | | | | Lastly, don't forget charity. NO, I don't mean the |
| out and spend. They are buying property. The are | | | | large, institutionalized charities where the executives |
| buying electronics. They are buying Jewelry, especially | | | | are raking in fortunes on the tales of other people's |
| gold and diamonds. Their motive appears to be that it | | | | woes, I mean your neighbors. |
| is better to buy something that makes you happy | | | | The lady down the street who can't afford her |
| than to be left holding a bag of worthless paper. | | | | medicine. That family around the corner that are |
| The chief economist for the Moscow branch of Merrill | | | | struggling to pay their mortgage. The Fatherless child |
| Lynch, Yulia Tsepliaeva, noted that people were | | | | looking for attention or the single mom who can't |
| keeping their money at home or in safety deposit | | | | figure out how to buy some food for her kid. When |
| boxes because they fear they will lose their rubles. | | | | this crises is full blown we are going to need each |
| He also said, " Buy cash dollars and put them in | | | | other. Your neighbors are more important to you |
| mattresses or safe deposit boxes but not in | | | | than you know. Our society has marginalized the |
| accounts because most crises are accompanied by | | | | concept of being neighborly. We have been trained |
| banking crises." Here is a trained economist telling | | | | to ignore those around us. I ride a train everyday to |
| people to forget about banks! The world truly is | | | | work and it is amazing to observe hundreds of |
| amazing. | | | | people packed into a tin can who refuse to even |
| Speaking of banks. They exist only because we | | | | give eye contact to each other. Many people have |
| choose to use them. We work and earn a certain | | | | no clue who lives next door and this is sad. If a true |
| amount of money. Since we, the people, are kind | | | | collapse occurs your neighbors may be the only |
| enough to deposit our hard earn money into their | | | | people you see for some time. If you don't get |
| storehouses, for safekeeping, they are able to lend | | | | along, well you just might be fighting them as well. |