2 thoughts on “ TIDBIT: MOSCOW TIMES REPORTS RUSSIANS CONVERTING SAVINGS TO EUROS AND ...”

  1. 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. 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.

Comments are closed.