Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
Yen went on a free fall to a 24 year low yesterday. It is the third largest fiat currency in the world. Japan is also the largest holder of US treasuries.
Russia out here like the main character in a martial arts cartoon looking for the weak spots in a boulder to break it with their finger
Russia really has one of the only strengthening currencies right now despite all of this shit
It's almost like if you focus on internal affairs and build a self sustaining economy based on your natural resources it pays off
I see you, I hear you, but what about an economy where the government directly prints money to hand to investors, who then endlessly shuffle it around between each other and bet on various ways they can shuffle it later, and every single job is based on helping to shuffle the money around or sell coffee to the shufflers.
Sounds like one of the best economic systems I've ever heard of.
Forgot my original post. Everything should be based on this type of scheme that will never faulter
The Petro-Ruble
It is mostly due to import collapse + soaring oil price.