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To: RitaOK
The Ruble is the biggest gainer with 12.5 percent increase against the US Dollar among the 36 major currencies....., according to Reuters.

IIRC, it was recently announced that the Ruble is now backed by gold. Meanwhile the US dollar remains an IOU to the Fed backed by "The full faith and credit of the United States Government".

What, exactly, is "The full faith and credit of the United States Government" worth these days?

1,692 posted on 05/21/2022 3:22:38 PM PDT by Chuckster (Friends don't let friends eat farmed fish)
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To: Chuckster

Yes, it is backed by Gold. Thanks for adding that. I meant to and forgot.

Cool for Russia.

Putin’s common sense does lap the lo-fo OBiden/Kamalla-molla Adm. 🙄


1,695 posted on 05/21/2022 3:28:01 PM PDT by RitaOK (Viva Christo Rey! Publik Skules/Academia -> The Farm team for more Marxists runnimcoming. Infinitum.)
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