I'm not gonna lie, Cliff Notes version would be greatly appreciated.
I appreciate your passion for this and is why I follow you, but I stopped counting at over 150 BS's just in this thread. There's no way I'm gonna read through 200+ BS's on a topic I barely understand as is even with your graphs.
Lmao, I saw the start of this thread in another country in a different year, and I thought then I'd have something to read after we got home, had dinner, fireworks etc and everyone had gone to bed. You're living up to that expectation.
One of the things that’s been discussed for some time before it happened the first time is letting the dollar to ruble exchange rate devalue ON PURPOSE.
Why? Well almost all of the Russian Governments expenses that are coming due are in rubles.
There is always a chance that the exchange rate starts to slide and the Russian government is no longer able to control it but so far, they haven’t used all the levers they have available to stop it.
But we haven’t seen them use all of them yet, and they were able to stop the slid quickly last time
Comments
I think the Yuan and gold asset numbers are reasonable.
The idea that they can sell tons and tons of gold easily... not so reasonable.
Unless the Chinese government wants to buy it for Yuan.
The Russian government has been selling gold (from mines, not the NWF) in Russia already.
I appreciate your passion for this and is why I follow you, but I stopped counting at over 150 BS's just in this thread. There's no way I'm gonna read through 200+ BS's on a topic I barely understand as is even with your graphs.
And I do want to point out that the Russian Government is working this entire playing field to try to fix things.
Why? Well almost all of the Russian Governments expenses that are coming due are in rubles.
Of course those rubles aren’t worth as much, but that’s a problem for the people in Russia they owe money to! They agreed to a sum in Rubles
Absolutely, but like I keep saying, there are no good choices, they just have to pick one of the bad choices available
But we haven’t seen them use all of them yet, and they were able to stop the slid quickly last time