In Soviet Russia, dollar dumps you!

[zahc]

http://www.chinadaily.com.cn/china/2010-11/24/content_11599087.htm

Can I panic yet or is this basically not that big of a deal? I don't want to miss the chance to squanter my money on weapons and food before the hyperflation kicks in.

[TommyGunn]

Yeah, you can go ahead an panic if you want to.  

[Pharmacology]

Pfft, last time I was in Moscow, I still got 30 something rubles per dollar.

The only other currency I saw was the euro, not the commu-chino currency.

[MicroBalrog]

Ordinary Russians have been dumping the dollar for about two years, preferring the Euro.

[Ned Hamford]

If society collapses, will I still have to repay my student loans?

[Viking]

If society collapses, will I still have to repay my student loans?

Yep, but the payment will be made in goats.

[vaskidmark]

Maybe not.

They still have to prove they made the loan to you.  If the documents have been converted to use for other matters, like most paper will, it may be difficult to do.

You guys who are stockpiling ammo are going to be trading it for TP come TEOTWAWKI.  You can only go so far with leaves & corncobs for so long.

stay safe.

[lee n. field]

Maybe not.

They still have to prove they made the loan to you.  If the documents have been converted to use for other matters, like most paper will, it may be difficult to do.

Like mortgages?

You guys who are stockpiling ammo are going to be trading it for TP come TEOTWAWKI.  You can only go so far with leaves & corncobs for so long.

Real Men can do w/out.  Real Men w/ wimminfolk  around can't.

[MicroBalrog]

Start raising ducks now.

[Boomhauer]

If society collapses, will I still have to repay my student loans?

Once you are the regional warlord I don't think you've got to worry about them coming to collect taxes.

[roo_ster]

Start raising ducks now.

As a solution to a lack of toilet paper?

[MicroBalrog]

As a solution to a lack of toilet paper?

Yes.

I believe I elaborated on that before.

[Pharmacology]

I saw a lot of old people with Euros at the banks when I was in Russia in january, but other than that, the dollar was still more common.

[MicroBalrog]

I saw a lot of old people with Euros at the banks when I was in Russia in january, but other than that, the dollar was still more common.

Ever see products marked in U.E. [Uslovnie Ednitsy] at the stores?

[dogmush]

Ever see products marked in U.E. [Uslovnie Ednitsy] at the stores?

My Russian is rusty enough to be close to non-existent but is that supposed to be:

Условныи Едниицы?

[MicroBalrog]

Условные Единицы.

Under Russian law, stores are prohibited from stating prices in foreign currency. So, what storekeepers did was denominate these prices in UE - Conventional Units - which was widely read to mean dollars.  After the dollar began declining recently, news reports from Russia state that many sellers tie their prices to the Euro instead.

[Pharmacology]

Nope, I can't say that I did.

I remember seeing something weird along those lines in Saratov, in the markets, but I doubt it was aimed at US people (we're a rare thing that far down. :))