Discussion about this post

User's avatar
Rocky's avatar

If the USD “value” is considered in terms of purchasing power of commodities it has collapsed in recent time whereas the Ruble has soared in “value”.

The tell is in, but not yet fully manifest.

Has Russia also then gained solvency?

As the USD fiat currency world backed only by debt and political power begins to fail - the empire falls. History repeats.

The forces that cause this transition has been building for many years now, there may be a sudden event coming. Best to be positioned in advance, there may be little to no time to act when the audience realizes the theatre is burning and all rush for the exits.

Expand full comment
David's avatar

We’re there already:

“ If they want to buy, let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us, this is the national currency. As for friendly countries, China or Turkey, which are not involved in the sanctions pressure. We have been proposing to China for a long time to switch to settlements in national currencies for rubles and yuan. With Turkey, it will be lira and rubles. The set of currencies can be different and this is normal practice. You can also trade bitcoins,” Zavalny commented at a press conference at the Rossiya Segodnya MIA multimedia center.

Expand full comment
13 more comments...

No posts