Russia is in a war and therefore has high expenditures. Government spending, if not paid for with taxes, is inflation.
All governments deficit spend, thus all fiat currencies lose value over time. Investing in ANY fiat currency is stupid. Investing in the fiat currency of a country at war is extremely stupid.
Russia is in a war and therefore has high expenditures. Government spending, if not paid for with taxes, is inflation.
All governments deficit spend, thus all fiat currencies lose value over time. Investing in ANY fiat currency is stupid. Investing in the fiat currency of a country at war is extremely stupid.
theyve got unused inventory, free military labor, excess energy, positive trade balance, and a gold standard.
theyve got unused inventory, free military labor, excess energy, positive trade balance, and a gold standard.
None of that makes Rubles a good investment. At best, they make it less bad than investing in some other fiat currency. No one should ever invest in any fiat currency.
None of that makes Rubles a good investment. At best, they make it less bad than investing in some other fiat currency. No one should ever invest in any fiat currency.
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