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To: kiryandil

I was soooo expecting the cat


51 posted on 06/10/2024 10:23:57 PM PDT by SaveFerris (Luke 17:28 ... as it was in the Days of Lot; They did Eat, They Drank, They Bought, They Sold ......)
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To: All

It is very hard for a system operating within the auspices of a central bank to collapse.

The Soviets had a central bank that was constrained in money creation by law. Money created must align with the Interior Ministry’s 5 year plan. They needed more money and foolishly locked themselves into believing money had to conform to any meaning.

Russia’s CB is not similarly constrained. They are empowered to do what Bernanke did when the entire US system was at risk. Just create money and distribute it.

It doesn’t have to make sense. It just has to keep the wheels turning.


52 posted on 06/10/2024 10:41:49 PM PDT by Owen (.)
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To: SaveFerris

53 posted on 06/10/2024 10:45:37 PM PDT by kiryandil (FR Democrat Party operatives! Rally in defense of your Colombian cartel stooge Merchan!)
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