09-15-2023, 02:21 PM
Let's try to visualise this.
The Fed claims there is only 2.335 trillion USD in ciculation. There is no chance that is real. We don't know how much USD is out there.
What we do know is that the US Federal debt is 30 trillion, its unfunded liabilities exceed that, and the States, Municipals and Individual and Corporate debts, well, we're over 50 trillion, and then there' a total of around 100 trillion all considered with the financial instruments such as insurance and credit swaps plus their derivatives. Correct me if I'm off too much, but you get the point. The problem is compounded by the lack of transparency.
Russia has 82 trillion RUB in circulation. We know Russia central bank has intentionally let the ruble weaken, so that its export markets are stimulated, especially during the blowback and sanctions due to the Ukraine War. This means Russia is going through a temporary period of currency weakness, one which Putin approves of, but only for a limited time frame.
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