For more than a decade financial analysts have foreseen the prospect of the crash of the dollar. I wonder if the sanctions on Russia imposed by the administration will help to accelerate the process or if Russia may be better situated to overcome the fiscal mismanagement of D.C. even thought the capable Janet Yeltsin from Wal-Street has taken over the reigns of the federal reserve.
U.S. public debt today is nearly 17.5 trillion dollars.
Russia may be able to sell it's dollar reserves and develop the ruble as a mid-currency floating it's value on the global stock exchange where investors could buy and sell it though Moscow could print out currency as it liked. The alternatives for Russia might be to buy the Yuan and Euro simultaneously balancing the ruble on a combination of the two.
With a more stable indexed ruble the global financial markets may be able to survive the crash of the possibly over-valued dollar. While Russia is trying to recover the Russian Ukraine following the cold war ending loss signed into being by Boris Yelin it may be able to serve the interest of stabilizing the global currency market.
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