$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.
Bill’s Commentary:
“It’s a huge deal! My first thought on this is; it tells me Russia/BRICS are ready to release their new currency. If they were not ready for this, Russia would never cut themselves off from the financial “West”. I believe this is a clear sign! On the “coincidental” side, the 50yr agreement between the US and Saudi Arabia just expired, did this have anything to do with the timing?”
In a shocking and devastating move, Russia’s Moscow Stock Exchange has immediately suspended all trading in U.S. dollars and euros, delivering a major blow to the U.S. currency.”