Insider Paper
@InsiderPaper
NEW 🚨 Russian ruble becomes world’s top performing currency in 2022, as it’s up 11% against the dollar - Bloomberg
Translate post
Posted on 12:58 PM · May 12th, 2022
https://gettr.com/post/p19ixrz9302
There’s some folks on the main forum that would call you Putin’s mistress just for posting that.
Larry Kudlow says he heard Biden was considering eliminating China tariffs. He’s surrendering to China!
Then they laughed about how much money Trump is making off “ultra MAGA” merchandise.
Ruble gains are short-term. Putin had forced all Dollar accounts to be converted into Ruble. Personal accounts 80% to Ruble.
Russia is spending 20 billion a day on war. Its economy is much smaller.
(Russia was the eleventh largest economy in the world in 2020, with its gross domestic product measured at 1.46 trillion U.S. dollars. In the global ranking by nominal GDP, Russia was positioned between the Republic of Korea and Brazil. May 18, 2021).
With these sanctions, it will be unable to sustain itself.