Why didn’t the dollar depreciate during the Gulf War? Why did the ruble depreciate so exaggeratedly during the Russia-Ukraine war?

This is hard power

To be honest, this shows that the hard power, international influence, and credibility of the United States are far superior to Russia. The Gulf War has no impact on the international status of the United States. The slightest drop.

How can robbers and normal people be mentioned in the same breath

The reason is very simple: no one sanctioned the United States in the Gulf War, but Russia was sanctioned in the Ukraine War. The economies of the sanctioning country and the sanctioned country All are affected and will depreciate relatively.

Relationships in Moments

We don’t know whether the dollar depreciated during the Gulf War, so we will analyze it by pretending that there was no depreciation as the title says. There are the following reasons

First, the U.S. dollar is a global currency, and everyone who uses the U.S. dollar in the world does not want it to depreciate. The ruble is only used by Russia, and the entire Western world hopes that Russia will devalue until it becomes useless. Even if it does not depreciate itself, they will find ways to devalue the ruble.

Second, the U.S. economy is much better than Russia’s.

Third, the United States fought the Gulf War to rob things and strive for hegemony. The more you rob, the richer you will be, the better the economic conditions will be. If the economy develops well, the currency will naturally not depreciate. Russia's economic conditions are already poor. The purpose of the war is just to prevent Ukraine from joining NATO without any resource gains. The more the war goes on, the worse the economy becomes, and the ruble will naturally depreciate greatly. If Russia's attack on Ukraine was to seize oil and other mineral resources there, and if it united with domestic oligarchs, the ruble would definitely not depreciate so much.

The exchange rate is actually the same as the stock price. The West initially shorted the ruble, causing the plummeting phenomenon to continue, causing panic among the Russian people. The Russian people began to run on the currency, and the decline became more serious. Therefore, the main force of the decline was still the Russian people. Putin now restricts the exchange of foreign currencies by his own people, so only the West is short-selling. If there are not enough rubles for them to sell, there will be no follow-up after the rubles in their hands are sold out. In fact, the main reason why my country restricts currency exchange is to prevent malicious short selling by overseas forces. Now the ruble has risen to 15.5. It was 12.5 before the war. It has dropped by 30, which is actually not bad.

The U.S. dollar is a special case. The U.S. wins every time it fights. So every time the U.S. goes to war, everyone sells its opponent’s currency and exchanges it for U.S. dollars. So when the U.S. goes to war, the currencies of the countries it fights fall. On the contrary, the US dollar has risen, so the United States likes to fight very much [deyi]

I remember that during the Gulf War, some sent troops and some paid. It seems that there were voluntary sponsors and many coerced into paying. At that time, Tai Ping said that after consuming some inventory of arms, the money collected was more than what was sold in the market!

The Gulf War was a war of plunder and capital expected that the aggressors would not be punished.

The conflict between Russia and Ukraine is a desperate counterattack, and humanitarian considerations need to be taken into consideration. Therefore, capital estimates that Russia will be at risk of being dragged into the quagmire without letting go of its hands and feet. More importantly, capital's expectation of sanctions from the West is the core of the ruble's depreciation.

If you were a Western consortium who knew the inside story, what would you choose?