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Wednesday, March 16, 2022

What happened to Russia’s gold and foreign currency reserves? Will there be a default?

This was linked to in the Links post earlier but it is worth promoting since the author understands the basics of MMT about currency sovereignty.

The Vineyard of the Saker
What happened to Russia’s gold and foreign currency reserves? Will there be a default?
https://vc.ru/finance/379827-kuda-delis-rossiyskie-zolotovalyutnye-rezervy-i-budet-li-defolt (Russian)
translated by the Saker Translation community
http://thesaker.is/what-happened-to-russias-gold-and-foreign-currency-reserves-will-there-be-a-default/
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2 comments:

  1. Matt FrankoMarch 16, 2022 at 10:12 PM

    China should grab Siberia while Russia is preoccupied with Ukraine and NATO…

    ReplyDelete
  2. Peter PanMarch 17, 2022 at 7:10 AM

    Siberia is sparsely populated. If you can get there, you own it... much like Canada, north of sixty...

    ReplyDelete