Isn't Russia paying in rubles since they were banned from some monetary system and someone here who knows about such esoteric stuff declared Putin a winner on this one?
Basically they froze them from SWIFT and froze their USD currencies. So Putin said its okay to pay in Roubles. According to bloomberg and Reuters, apparently repaying in Roubles is "same" as default. That was enough to get Reddit collectively orgasming!
Yeah same here. Knew nothing about finance and hated that stuff, but this whole Great Awakening has kindled my interest. Its fascinating once you learn the real stuff, not the one they try to teach you in school.
BTW, if you listen to Greg Mannarino for a few days you will learn more about the markets than reading any number of books. Caution - he hates every leader in the world and swears at all of them, including Trump. Just ignore those ourbursts, the knowlege he provides is worth it.
Thank you. I'll save it for later. My understanding is just deep enough to get out of the stock market when Joe biden was elected and to ask a friend who knows about black market economies the best things for trading. (He didn't say gold or silver...he recommended booze and cigarettes)
Isn't Russia paying in rubles since they were banned from some monetary system and someone here who knows about such esoteric stuff declared Putin a winner on this one?
Basically they froze them from SWIFT and froze their USD currencies. So Putin said its okay to pay in Roubles. According to bloomberg and Reuters, apparently repaying in Roubles is "same" as default. That was enough to get Reddit collectively orgasming!
Thank you for clarifying. I get the gist of this higher level financial stuff but lack real understanding.
Yeah same here. Knew nothing about finance and hated that stuff, but this whole Great Awakening has kindled my interest. Its fascinating once you learn the real stuff, not the one they try to teach you in school.
BTW, if you listen to Greg Mannarino for a few days you will learn more about the markets than reading any number of books. Caution - he hates every leader in the world and swears at all of them, including Trump. Just ignore those ourbursts, the knowlege he provides is worth it.
Thank you. I'll save it for later. My understanding is just deep enough to get out of the stock market when Joe biden was elected and to ask a friend who knows about black market economies the best things for trading. (He didn't say gold or silver...he recommended booze and cigarettes)