Collapsing currencies eventually lead to either:
1. Regime change
2. War
3. Both
PS: We will be known as the American Detritus soon.
When I was there (many years ago), it was about 32 rubles per us dollar.
You haven’t lived until you get up early (in the dark and freezing cold),
Walk alone (in the dark and freezing cold) on seemingly empty streets to a currency exchange store,
Exchange money in front of everyone who can easily look inside at what you are doing,
Then walk down those same dark streets like a mark in freezing cold.
I was only confronted once. I was alone.
It was a shorter military guy who got in my grill and demanded something in Russian, which I don’t speak. I was wearing a large parka and I’m pretty tall. I probably looked heavier than I am. I bent down to him and sternly said, “I have no idea what you just said to me,” followed by a stare. He turned and walked away. I continued on my way.
We can imagine what it is doing to Vene_uela
with the recent contracts to pay for Russian oil in Rubles, can Chine buy oil for rubles and then sell for $$ and make a profit?