EDITORIAL
Seeing Russia with 30/30 Vision
Imagine that Larry King had interviewed Vladimir Putin on New Year’s Eve one year ago and suggested to him that one year hence the value of the Russian ruble measured in dollars and the price of a barrel of Russian crude oil would be reflected by the same number, and that number would be “30.”
Can you imagine the sort of haughty, condescending smirk that would have been reflected on Putin’s countenance at the foolish American’s idiotic ravings?

The ruble crashes through the 30:$1 barrier
Yet as we go to press, both the ruble and the price of Russian oil are closing fast on that very number — and some would say they won’t stop there for long as they plunge even further into the gloom. As we reported earlier this week, the ruble experienced its largest one-day drop in value in recent memory to start the week last Monday, and in the currency markets was less than one ruble from the 30-ruble psychological barrier on Tuesday morning, while Russia’s Urals Blend crude oil was selling for just over $32 per barrel. The ruble is already trading on the streets of Moscow at more than 30 to the dollar.
Responding to this catastrophic collapse, Russian “Prime Minister” Putin recently advised journalists as follows:
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