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Bloomberg:Putin's financial situation grows increasingly dire.
His gold reserves are running low. He's cut off from SWIFT. He's increasingly at the mercy of China's Yuan & cryptocurrency manipulations. He's required to bank through Iran, a lethal combination of corruption & Islamic ideological purity.
Republicans used to believe in the harsher aspects of Darwinian "moral hazard" and adore it when the vulnerable crash & burn financially.
@Npars01 I hope Trump isn’t giving him added strength though
Since Jan. 1st the rub/USD currency pair has shown russia's ruble strengthening by as much as 25% against the USD, right now that gain is ~22%
The fossil fuel financiers enabling both Trump and Putin have money to burn to artificially prop up a currency or suppress one.
The markets aren't very hopeful about the USD as Trump engineers a recession.
Conversion rate for Russian Ruble to United States Dollar
1 ruble equals .011 USD...
https://g.co/kgs/TR53UHM
It takes 89 rubles to buy a single USD.
This is the long term trend for the ruble...
Oligarchy really destroys economies...
