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To: BeauBo
So they have been printing rubles. Their money supply surged over 50% in less than six months...

Yes, and the FED has printed about 80% of ALL the dollars ever printed in the last 2 years


29 posted on 08/21/2022 5:52:03 AM PDT by C210N (Everything will be okay in the end. If it’s not okay, it’s not the end.)
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To: C210N

“ the FED has printed about 80% of ALL the dollars ever printed in the last 2 years”

You have inverted that. It was 20% of the money supply created during the COVID surge. That was an inflationary stimulus.


30 posted on 08/21/2022 7:06:10 AM PDT by BeauBo ( )
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To: C210N

Your chart of Russian gold reserves shows an increase of about 25 million Troy ounces, or around $50 billion.

Russia has been burning through about that much per month during this war.

A lot of their National Wealth Fund, from which pensions are paid (like Social Seccurity checks in the USA), was invested overseas - now mostly frozen.

It is Print, Print, Printity, Print; from here on out. Hello Argentina (or Zimbabwe) for a currency, and Hello North Korea for an economy.

Putin did that.

He drove the Russian economy and standard of living over a cliff. It is on track for 2-3 years of continuous train wreck, to a much much lower level.


31 posted on 08/21/2022 7:22:16 AM PDT by BeauBo ( )
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