Most likely in July we'll have a idea of the direction and can firmly say it only around November
“There are now far fewer causes for worry. Following the OPEC+ decision to cut oil production, the Brent crude price rose to $85, a comfortable price for Russia.”
Impressive - the article tries to give both sides. As it is, the Saudis and the Neocons’ other new enemies, simply won’t let the price of oil take a dive, and sooner than later, that HUGE oil find by the Biden Administration, the SPR, will be drained.
Fiat money is only backed by the trust in the people who issue it and will back up that trust with their efforts.
Nobody trusts Russian government for obvious reasons and only an idiot would trust the Chinese.
Moslems can switch to the Yuan if they want, but they will become the same as the Ughars, slaves to the Han Chinese.
Meanwhile, the federal administration is destroying the US Dollar, too
Soon, you’ll need your entire life savings and a loan to buy a Big Mac
I’d like to know whether this fluctuation is being noticed on the store shelves, or not. When and if that becomes the case, then maybe there will be repercussions felt at the Putin level.
As to “yuanization”, wow! The problem with the yuan, arbitrary government valuation, makes the yuan absolutely untrustworthy as a pivotal currency.
https://twitter.com/witte_sergei?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
@Suriyak
@Suriyakmaps
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8h
Current situation at Bakhmut city:
#RussianArmy broke #UkrainianArmy defense line & took control over School Nº 2 & Nº 40 & post office thus reaching Chaikovskoho street. The south supply line of Ukrainian forces to the city of Bakhmut is cut now.
The Noose is tightening, what a fake world military power!
It would seem that the devaluation of the Ruble severely lags the withering of the Russian economy