TIDBIT: MOSCOW TIMES REPORTS RUSSIANS CONVERTING SAVINGS TO EUROS AND ...

December 1, 2014 / Joseph P. Farrell /

This tidbit is courtesy of Ms. O., and in the light of today's main blog, a significant story:

Russians Increasingly Converting Savings to Euros and Dollars to Escape Weak Ruble

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Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".

2 Comments

  1. marcos toledo on December 1, 2014 at 6:45 pm

    Now if only the BRICSA can turn the tables on these banksters. Oh I forgot their doing a better job of self destruction to their own economies.



  2. DanaThomas on December 1, 2014 at 9:55 am

    So many problems derive from centrally controlled monetary system as it is today, and the identification of “money” with “currency”, which can be liquid instrument ranging from banknotes to free chips given by casinos (much the same thing). Presently, the same money serves both for trade and for savings, which are two quite different functions, and its control can ensure huge gains for the manipulators and huge losses for the rest of us.
    I wonder, Joseph, if you have come across discussions within Russia on the nature of the monetary system and whether the proposals, such as an independent Russian payments system, involve a simple mirroring of the same old City of London stuff, or an attempt at creating a new paradigm.



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