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?'
Devotion
49 minutes ago
No comments:
Post a comment