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What is interesting is that clearly the Moscow central bank have been intervening using a lot of foreign currency reserves to stabilise the Ruble. Yet still it climbs... Surely the central bank knows that it can’t take on the market (as the Bank of England learnt in ‘92).I almost got confused for a second....then I seen that you were using the Euro instead of the Dollar.
(I once played heavily with the Forex).
There's another way to measure a currency vx other currencies that is similar to What I called a RMS. (Root means squared)
But basically it measures the value of the other currencies against a target currency and watches for movement against a larger number of them. And if you catch the movement correctly then you can make a LOT of money in the trading of currencies.
But like most situations you never want to catch or hold a falling knife.
BRICS is not even close to having a collective currency despite Putin's best wishes. Brazil and CCP refuse to give up their controls and Russia just wants their money to be given to him....as if they are that stupid.
What is interesting is that clearly the Moscow central bank have been intervening using a lot of foreign currency reserves to stabilise the Ruble. Yet still it climbs... Surely the central bank knows that it can’t take on the market (as the Bank of England learnt in ‘92).
what can Moscow pensioners feel today ? Taste of their Youth , year 1991
the euro rate on the Moscow Exchange rose above 99 rublesI almost got confused for a second....then I seen that you were using the Euro instead of the Dollar.
(I once played heavily with the Forex).
There's another way to measure a currency vx other currencies that is similar to What I called a RMS. (Root means squared)
But basically it measures the value of the other currencies against a target currency and watches for movement against a larger number of them. And if you catch the movement correctly then you can make a LOT of money in the trading of currencies.
But like most situations you never want to catch or hold a falling knife.
BRICS is not even close to having a collective currency despite Putin's best wishes. Brazil and CCP refuse to give up their controls and Russia just wants their money to be given to him....as if they are that stupid.
i dont think so , decolonization is a natural process, UK /France did it in 40s. Backward Moscow Mongol empire (ulus) is doing it now , we´d get it done in 1991, we didn´t we missed the opprosutity , but this time this job will be doneYeah...
Basically it doesn't matter anymore. Doesn't matter if Russia wins or loses at this point. The whole world has lost.
Russia is completely insolvent. It's already deep in debt with little to no reserves left. No one willing to risk investment capital so Russia can earn money either. The government is gone....just not dead yet. Soldiers/police/guards who don't get paid stop showing up to work.
Meaning that 1000s of nuclear weapons are going to be available for every tin pot PMC to use for extortion and blackmail.
psYeah...
Basically it doesn't matter anymore. Doesn't matter if Russia wins or loses at this point. The whole world has lost.
Russia is completely insolvent. It's already deep in debt with little to no reserves left. No one willing to risk investment capital so Russia can earn money either. The government is gone....just not dead yet. Soldiers/police/guards who don't get paid stop showing up to work.
Meaning that 1000s of nuclear weapons are going to be available for every tin pot PMC to use for extortion and blackmail.