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Torchlight

(5,931 posts)

12. It's as though he's green-lighting the conditions for hyperinflation.

Reply to Yo_Mama_Been_Loggin (Original post)

Mon Mar 7, 2022, 05:41 PM

Mar 2022

This will indirectly compel even more citizens to avoid currency.

Bolivia, 1984
North Korea, 2010
Austria, 1922
Venezuela, 2019
Hungary, 1946
Brazil, 1990

There are indicators, and there are leading indicators. Putin appears to be grasping at the leading indicators and tying to move them in such as way as to serve his own narrative, which seems doomed to fail given historical precedent.

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Putin decrees foreign bond holders to be paid in rubles [View all] Yo_Mama_Been_Loggin Mar 2022 OP

How about Schrute Bucks? Or Stanley nickels? Wingus Dingus Mar 2022 #1

I think I have some Wooden Nickels lying about... ProudMNDemocrat Mar 2022 #3

A roll of toilet paper is worth more than The Russian ruble. ProudMNDemocrat Mar 2022 #2

Pooty may be Russian, but he does business like a Republican Achilleaze Mar 2022 #4

This is a dead end strategy. BlueIdaho Mar 2022 #5

This may be a dumb question, but won't creditors be able to pursue claims in U.S. and European court GregariousGroundhog Mar 2022 #6

Your money's no good here, Putin. C_U_L8R Mar 2022 #7

The countries that are owed money by Russia will either haven to jimfields33 Mar 2022 #9

in russia you drive a panel van full of cash just to buy a coffee. Javaman Mar 2022 #8

Might as well try to unload them somewhere. lpbk2713 Mar 2022 #10

Doesn't that make Russia finances more riskier? LiberalFighter Mar 2022 #11

It's as though he's green-lighting the conditions for hyperinflation. Torchlight Mar 2022 #12

Proceeds to shoot other foot. Swede Mar 2022 #13