Wednesday, 18 July 2018

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.
- 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?'

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