Wow. I believe it was 88 this morning.
USD is going to the toilet because Russia looked at sanctions, LOL'd, and announced it will only accept rubles or gold for energy sales.
Game over petrodollar, you blew it all up.
I expect the Ruble will rise much more. The federal reserve note, not so much.
As the USD loses customers, we're going to feel a hurt. Of course this will incentivize domestic production of goods.
We'll see how it plays out.
Could be good in the long run, forcing everyone to sell to you and turning your population into consumers is a bad long term plan. Might even get some quality shit when things are made locally.
It was 158 at the low last week or two.
Was 77 normally.
Seems like it's recovering nicely in spite of sanctions.
\o
(post is archived)