40 Prediction: Rubel doubles in value in next 6 mo. Russian Rubel doubles in value in 1 month on the mere suggestion of pegging gold/oil transactions. Now they're literally moving to a petrogold standard. I suspect it moves back to its pre-2014 value ~2x current by Sept. (media.conspiracies.win) posted 2 years ago by KiloRomeo 2 years ago by KiloRomeo +40 / -0 22 comments download share 22 comments share download save hide report block hide replies
If you can buy fewer goods with the same currency than it has reduced in value. Inflation is essentially just measuring the inversion of this.