the bailouts begin..

[Nrcewker]

Even Lenin resurrection could not save Putint Russia

[bigtimespaghetti]

Even Lenin resurrection could not save Putint Russia

Russians are used to hard times, they are not as soft as us Westerners 

[NUFCrichard]

It will make them turn to the east even more than they have been. I think they might try to start a new BRICS trade agreement, as they all seem to be getting sick of the g7 pushing them around.

It is possible that their economy collapses though, then the BRICS will know who is still boss.

[panju1]

Russia bails out Trust Bank in first ruble crisis rescue
http://news.yahoo.com/russian-minister-talks-ruble-104459436--finance.html

I have a feeling this is only the tip of the iceberg , but I'm wondering if Russians will move a % of their wealth into Bitcoin in this time of crisis

Letting banks fail when the country's economy is in a crisis is not a good idea. So I am not surprised by this.
While Russians might move their wealth out of Roubles into other currencies, I think what matters is the ease of movement. Would it be easier to buy USD for roubles or easier to buy bitcoins?

[NotLambchop]

... Would it be easier to buy USD for roubles or easier to buy bitcoins?

It probably would be easier to buy turnips, though the right question is "would it be smarter to buy turnips?
And, after buying turnips, would these turnips be immediately sold [at a loss/discount] for real money, AKA $$$, and what would that [dumping] do to turnip prices?

[jaredboice]

NotLambchop: "This troll is currently being ignored."

[AtheistAKASaneBrain]

Will use NotLambchop's tears as lube on my hardon when bitcoin rises and I see my gains going jupiter.

[asdlolciterquit]

Or something a bit more stable, that people don't laugh at as much?  $$$?

i agree!

there are few people that know what btc is, and still less few people that trust btc.

[NotLambchop]

Will use NotLambchop's tears as lube on my hardon when bitcoin rises and I see my gains going jupiter.

In the mean time, I'll munch popcorn & lol as u keep getting fisted by teh Invisible Hand.

[opossum]

Russia bails out Trust Bank in first ruble crisis rescue
http://news.yahoo.com/russian-minister-talks-ruble-104459436--finance.html

I have a feeling this is only the tip of the iceberg , but I'm wondering if Russians will move a % of their wealth into Bitcoin in this time of crisis

Letting banks fail when the country's economy is in a crisis is not a good idea. So I am not surprised by this.
While Russians might move their wealth out of Roubles into other currencies, I think what matters is the ease of movement. Would it be easier to buy USD for roubles or easier to buy bitcoins?

This is true. Banks' health is very important to a country's economy as without healthy banks credit will free and the lack of a credit market will cause economic activity to slow down.

It is a generally good economic policy to only let banks fail when the economy is healthy and can absorb such a shock (especially when preventing larger banks with a large economic footprint to not fail in times of economic crisis)