Tweets of the Day, Russia, Gold, China, the US Dollar, More – Mish Talk
Finland and Sweden End Neutrality
GDP Forecasts Tumbling
The US Dollar
MMT and the Ruble
Gold-Backed Fiat Currency Does Not Exist
Bitcoin Fantasy
U-Turn by China?
Germany to Supply Ukraine with Weapons
Paying Back Debt
When the US and EU cut off Russia from the SWIFT payment system, Russia cannot pay its debt.
This creates a demand for US dollars and some have suggested the Fed step in. The idea is not to aid Russia but to aid companies in the US and EU that Russia owes.
I suspect this is the second reason Putin did not expect to be cutoff from SWIFT. The first reason is the EU’s, especially Germany’s dependence on Russia’s natural gas.
Thoughts on China
Beijing Says Russia and China Not Allies
Even Switzerland Joins the Sanction Parade
Protests in Moscow
Putin Seems Delusional
Switzerland’s move is a unique break from its decades-long policy of strict neutrality.
Nearly the whole world is now united against Putin.
In case you missed it, please see Russian Ruble In a Freefall, Plunges to Record Low Against the Dollar
This post originated on MishTalk.Com.
Thanks for Tuning In!
Please Subscribe to MishTalk Email Alerts.
Subscribers get an email alert of each post as they happen. Read the ones you like and you can unsubscribe at any time.
If you have subscribed and do not get email alerts, please check your spam folder.
Mish
Source link