NATO wary of Russia
So much in the article beside the ruble trade.
Rickards has own wiki page.
He was counsel (not part of investment team, just counsel) for LTCM, who took the wrong bet on Russian bonds, but then got saved by the Fed and U.S. investment banks, except for Lehman Brothers who didn’t participate in saving LTCM.
Hence, when Lehman Brothers was about to blow up during 2008, Wall Street didn’t save LB. But, you probably already know that.
The answer is that the only way for Europe to get rubles quickly is to buy them from the Central Bank of Russia using dollars. Under Putin’s plan, Russia still gets the dollars, still sells oil and natural gas but he has the added benefit of making rubles stronger because Europe has to buy them to pay for the energy exports.
He can exchange the Dollars and Euros in Rubles, he gets a good exchange rate.
Well we need a mental break from all the doom and gloom
The orchestra played as the titanic went down ya know
The spring lambs are brought to the slaughterhouse. No one is going to believe they won’t go to Ukraine.
At 20% key interest rate, yeah that’s a strong currency.
Nobody knows what you are talking about dude.
I have no eye deer what he is waffling about .
That’s the problem with all rightwing people, no idea what they are talking about.
It’s not their responsibility IMO. They aren’t a news organization.
People using social media are responsible for themselves.
It was first reported yesterday
uhh duh? but they will send them to fight. russia lies out its ass. Like when everybody was saying an attack on Ukraine is imminent, and Lavrov the shit cuck laughed and said it’s all western lies. I don’t know if you have realized, but russia is full of shit.
If this is true, it’s terrible. WHAT were they thinking?