Lester Golden
Jul 10, 2023

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How soon? You're waiting for forex Godot.

You're Russified Whataboutistan's version of an NFT-Crypto bro from 2021. Of course, last year's bubblicious crypto bros are this year's AI bros.

The RBL hit 94/$ last week, as a managed capital-controlled currency.

Russian energy companies don't know what to do with the rupees India is paying them in.

Capital controls are incompatible with reserve currency status. The RIC part of the BRICS won't renounce capital controls because they know capital will fly out of their economies faster than a hypersonic missile.

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Lester Golden
Lester Golden

Written by Lester Golden

From Latvia & Porto I write to share learning from an academic&business life in 8 languages in 5 countries & seeing fascism die in Portugal&Spain in1974 & 1976.

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