Putin declares US and EU have killed the monetary system

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UndercoverElephant
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Re: Putin declares US and EU have killed the monetary system

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"We fail to mandate economic sanity because our brains are addled by....compassion." (Garrett Hardin)
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UndercoverElephant
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Re: Putin declares US and EU have killed the monetary system

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"We fail to mandate economic sanity because our brains are addled by....compassion." (Garrett Hardin)
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Catweazle
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Re: Putin declares US and EU have killed the monetary system

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Did Putin just try to light a fire under paper gold ?
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UndercoverElephant
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Re: Putin declares US and EU have killed the monetary system

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Catweazle wrote: 03 Apr 2022, 12:12 Did Putin just try to light a fire under paper gold ?
That is what it looks like to me.

https://www.fxstreet.com/analysis/gold- ... 2204011858
"We fail to mandate economic sanity because our brains are addled by....compassion." (Garrett Hardin)
Stumuz2
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Re: Putin declares US and EU have killed the monetary system

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Catweazle wrote: 03 Apr 2022, 12:12 Did Putin just try to light a fire under paper gold ?
Yes, and also every fiat based currency in the world is beginning to quake. The dollar may go up in the interim, as a flight to safety, but when it becomes common knowledge what is happening, Von Mises crack up boom will begin

https://www.investopedia.com/terms/c/crackup-boom.asp
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