To: Alter Kaker
" the [Russian Central] bank raised interest rate by 150 basis points, lifting it to 7 per cent."What a deal!! Sure beats putting your money in the Obama banks here.
2 posted on
03/03/2014 6:15:51 AM PST by
norwaypinesavage
(Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
To: norwaypinesavage
What a deal!! Sure beats putting your money in the Obama banks here. But at least you can be reasonably certain that you'll get your money out when you go into your local bank branch. Can you really say that about Russia? Anyway, with interest rates skyrocketing, Putin will finally do what he set out to do - destroy any part of the country's economy not directly related to oil and gas exports.
4 posted on
03/03/2014 6:18:42 AM PST by
Alter Kaker
(Gravitation is a theory, not a fact. It should be approached with an open mind...)
To: norwaypinesavage
It would be a deal if you could earn 7% in American dollars, but instead they will pay you in Rubles which might be worth 1/2 what they currently are by next month.
5 posted on
03/03/2014 6:19:30 AM PST by
TexasFreeper2009
(Obama lied .. the economy died.)
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