The Ruble is falling with every passing day!
Why is Russia falling apart economically?
1. The economy was based almost entirely on selling oil. Oil prices have fallen greatly because of the new oil and gas in America. Oil was about $80.00 a barrel but has fallen to about 60 Dollars. That is costing Russia, Saudi Arabia, etc to lose tons of money!
2. The banks are almost broke!
3. Prices are rising fast so people do not dare to save their money. So, they spend everything on appliances and other items they will need later.
4. The Ruble is not worth much so it costs more to buy the same things. For instance, before the crisis it might cost 10 Rubles to buy bread. Now it could cost 20 or 30 Rubles.
5. What do people say?
Putin said, "It is not my fault! It is the fault of America!
The people say, "Help! Help! Help! We can't pay rent, food or clothes.
I say, "Pray and support our Russian friends." Go to the web page to donate.
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