From Russia With Love......................from Rico

You can hum along with Matt Monro singing "From Russia With Love" for this one.

 

In just a couple months Russia made good on its promise to 'diversify' its holdings (in the face of US sanctions) away from US Treasurys.

- They liquidated 85% of their UST's (IOU's from Uncle Sam).

 

Meanwhile, they have been steadily adding to their physical Gold reserves.

- And rumour has it, buying IMF bonds.

 

Why? 

- What's next?

 

What could possibly go wrong?

- What happens when no one listens to Wimpy's "promise" to 'gladly pay you Tuesday for a hamburger today?'