Russia Doesn’t Need Foreign Investment — Paul Craig Roberts

As Michael Hudson and I have pointed out several times, Russia can finance her own development by creating rubles.  By bringing in foreign money, Russia loses income flows from the development.  Moreover, when  income from the investments are paid to foreign owners, the rubles exchanged in the currency market for the foreign investors home currencies can put pressure on the Ruble’s value.

Mirable dictu! PCR is getting it, apparently by way of Michael Hudson.

Paul Craig Roberts-Institute for Political Economy
Russia Doesn’t Need Foreign Investment
Paul Craig Roberts | formerly Assistant Secretary of the Treasury for Economic Policy, associate editor of the Wall Street Journal and a columnist for Business Week, Scripps Howard News Service, and Creators Syndicate

Nobody needs reserves

Stablecoins increasingly replacing reserves for settlements… lol nobody needs any… RRR still 0% …  btw MMT silent on this technological development …  will allow Fed to continue to do their QT system reserve asset balance reduction ie  “destroying  money!”  more than most people realize…  they could probably go to zero reserves …  monetarist brain dead zombies will think  “no money!” …  monetarist morons will be all bearish on their “M1!” or “M2!” gong to zero…  

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NY FED RECEIVES NO BIDS AT OVERNIGHT REPO OPERATION

— First Squawk (@FirstSquawk) September 2, 2025