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32
[News] RT - Russia plans to liquidate roughly $40 billion USD from their holdings (archive.is)
posted 5 years ago by ThatYellowBastard 5 years ago by ThatYellowBastard +32 / -0
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▲ 13 ▼
– the_nybbler 13 points 5 years ago +13 / -0

Russia to eliminate US dollar from sovereign wealth fund THIS MONTH amid warning of politics sabotaging currency

Moe like Russia trying to sabotage currency.

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▲ 16 ▼
– FrostedCricketFlakes 16 points 5 years ago +16 / -0

Massive relentless money printing could also count as politics sabotaging currency.

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▲ 10 ▼
– Gizortnik 10 points 5 years ago +10 / -0

Not really, they've been dumping USD and US Bonds for fucking years. They've effectively ended thier reliance on the US Bond.

They are also stacking up giant piles of gold bullion instead. They have 2,300 tons of Gold bullion.

Lybia had over 145 tons of gold before about 40 tons of that went mysteriously missing after the Civil War. One of the reasons they had so much gold is because they planned to implement a gold standard... until the West invaded. They claim to still have 111 tons, but I'm not sure it's being accounted for properly. And even if it is, it's amazing that a country with all that gold still chose to take huge loans from the world's central banks.

No but really.

This strategy by Russia isn't offensive... it's defensive. They know the world's central banks want their fucking gold reserves, and they are not prepared to tolerate anyone who might not invest in the debt-based monetary system that is literally dying in front of our eyes, and is about to be replaced with a digital currency.

The US dollar isn't struggling, it's a currency bomb. Get rid of it while you can.

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▲ 6 ▼
– ThatYellowBastard [S] 6 points 5 years ago +6 / -0

Seems that way right?

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▲ 10 ▼
– cccpneveragain 10 points 5 years ago +10 / -0

I've been getting away from hanging on to regular old dollars too. Maybe I should buy cheap on Rubles?

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▲ 9 ▼
– deleted 9 points 5 years ago +9 / -0
▲ 11 ▼
– cartoonericroberts 11 points 5 years ago +11 / -0

Got it. Converting all my money into tushonka and croutons.

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▲ 7 ▼
– GeneralBoobs 7 points 5 years ago +7 / -0

$40 Billion? As in one F-18? Come back when you can afford batteries for your vibrators, peasants.

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▲ 16 ▼
– jvardrake 16 points 5 years ago +16 / -0

Super Hornets are about ~50M USD a piece. Only aircraft I know that cost anywhere near even 1 billion, was the B-2 (it was something like 800M / unit).

40 billion would buy you a shitload of Super Hornets. Even we only have 600 of them, and that works out to like 30B USD worth. :D

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▲ 6 ▼
– MargarineMongoose 6 points 5 years ago +6 / -0

I think he's making a joke that US currency will soon be worthless but I could be mistaken.

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▲ 3 ▼
– GeneralBoobs 3 points 5 years ago +3 / -0

Oh for fucks....It's being sarcastic. Their investment is nothing.

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▲ 2 ▼
– TakenusernameA 2 points 5 years ago +2 / -0

Based. The USD is globalist scam.

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