https://www.armstrongeconomics.com/armstrongeconomics101/economics/fed-holds-rate-what-tools-are-left/
This is the kind of extralegal garbage FDR pulled to get Japan to attack us.
European Union citizens will end up paying it since Russia will raise the price of oil.
Its all going back to EU anyway via mercenaries getting paid.
I understand BRICS had a very successful meeting in St. Petersburg.
Who wants to invest in U.S. and the rest of the West where they can just steal it all from you? There will be no more investment from BRICS countries in the US unless it’s absolutely necessary to do business.
Rollover (1981)
https://www.youtube.com/watch?v=q9d30RBJkf0
Here we go. End of the dollar empire. Buckle up.
“Surrender” is an odd choice of word in the headline.
Welcome to Ukrainian Republic of Russian Federation
Customs Payment Office 50 meters ahead
Russia will get its money back.
Customs officials will get a percentage of EU cars exported to the Republic.
This French perfume will make fine gift to lady friend.
Martin doesn’t have a clue. He must be a putin asset...
““My friends we have always said that Russia must be held accountable for its crimes and now we make Russia pay,” von der Leyen said”
Her grandpa was an actual Nazi.
And this will really encourage nations around the world to park their money in EU and American banks./s
$1.6 billion? What’s that? About 10 hours of debt accumulation in the U.S., 1% of Elon Muck’s bank account? Enough to purchase a Happy Meal with an apple pie for every Russkie? Apparently Russian exposure is quite low, even for a third tier economic power.
From what I understand, 25% of Russia’s currency is backed by gold. I wonder if the EU plans on confiscating gold reserves too. The ruble is still worth a penny but Russia keeps chugging along. I read that 70% of the U.S dollar is backed by gold. That’s more than I thought but is it too much to require 100%?