An autonomous, sovereign nation? What a NOVEL thought!
Why, with thoughts like that, they could even express fiat!!! :)
Maybe some Russians read Warren Mosler's blog, and understand at least parts of it better than the gold-std zombies at ZeroHedge do.
According to Russian newspaper Vedomosti, Russian presidential adviser Sergei Glazyev proposed 15 measures to protect Russia's economy if more US sanctions are imposed. Some of the notable ones are listed here.
Why, with thoughts like that, they could even express fiat!!! :)
Maybe some Russians read Warren Mosler's blog, and understand at least parts of it better than the gold-std zombies at ZeroHedge do.
According to Russian newspaper Vedomosti, Russian presidential adviser Sergei Glazyev proposed 15 measures to protect Russia's economy if more US sanctions are imposed. Some of the notable ones are listed here.
Russia should withdraw all assets, accounts in dollars, euros from NATO countries to neutral ones
Russia should start selling NATO member sovereign bonds before Russia’s foreign-currency accounts are frozen
Central bank should reduce dollar assets, sell sovereign bonds of countries that support sanctions
Russia should limit commercial banks’ FX assets to prevent speculation on ruble, capital outflows
Central bank should increase money supply so that state cos., banks may refinance foreign loans
Russia should use national currencies in trade with customs Union members, other non-dollar, non-euro partners
