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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (110047)

1/23/2015 7:07:44 PM

From: Maurice Winn

Read Replies (1) | Respond to of 217865

Perhaps it should be looked on as insider trading rather than an attempt to prop up the rouble: <

Russia's foreign currency reserves shrank by 2 percent last week alone to $379 billion as the Central Bank sold foreign currency in a bid to prop up the ruble.

>

If the Russian central bank thinks that the rouble is undervalued and was sold off in foolish panic, then they might as well ditch their over-valued US$/euro/etc and buy something more likely to increase in value. For example, the rouble. The rouble also pays high interest rates!! Woohoo!! Unlike the useless US$ which pays 0% and is likely to go to 0% in value sooner or later, likely sooner given the mega$trillion promissory notes and all-time world record debts.

Given the huge price drop of roubles, they are probably onto a winner, especially since they have the insider's understanding of politically advantageous decisions by the government.

Mqurice