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Inflation will remain whilst the poo is at the levels it's at and raising interest rates will scupper any remaining economy we have obviously inflation won't reverse until the sanctions against Russia are lifted. It's not rocket science.
Yet another rubbish link..
Russia and China are developing a new reserve currency with other BRICS countries, President Vladimir Putin said.
The basket currency would rival a US-dominated IMF alternative and let Russia widen its influence, an analyst said.
The dollar's dominance is already eroding as central banks diversify into the Chinese yuan and smaller currencies.
Nah year to date bitcoin down 60% whilst cey down a mere 12% and both appear to be going on opposite trajectories. Maybe the crypto Ponzi schemes will catch a bid come next week but I wouldn't count on it so I'm out.
Bitcoin well under $20k as I write that puts 50% of those holding under what they paid. Scramble to exit being hampered by dodgy trading platforms. Knew it would all end in tears. Some saying it's a buying opportunity, would you? Goes to show you can't beat gold as a store of value, onwards and upwards.