http://www.usatoday.com/story/money/markets/2014/12/16/russia-ruble-dollar/20470421/
The Russian ruble currency declined sharply against the dollar
on Tuesday despite an aggressive intervention just hours earlier by
Russia's Central Bank to halt the slide by hiking its benchmark interest
rate to 17%.
The ruble fell to a new low of 73 against the dollar on Tuesday.
Initially,
the ruble reacted favorably to the monetary policy move to prop up the
troubled currency. It rallied for a few hours before sliding back into
record-low territory.
The Central Bank's rate rise — from 10.5% —
was its biggest single move since 1998, Bloomberg reported. That is the
same year that the Russian government defaulted on its sovereign debt.
Not good. Desperate needs call for desperate measures. And who knows what Big Vlad will choose to do...Russia has invested millions in the US https://www.nationalpriorities.org/campaigns/us-federal-debt-who/?gclid=Cj0KEQiAzb-kBRDe49qh9s75m-wBEiQATOxgwS2BwcK2_WRklh7-Tqx352rjSvkOO-gCo_QYNLhqNjQaAhlN8P8HAQ
That same chart shows that Japan has more than 1 trillion dollars invested in the US, Brazil maybe 250 billion and Italy 50 billion.
Japan is in shambles, Brazil and Italy as well....and now the bear. What if Big Vlad attacks Israel? Or what if all countries economically strapped decided to call in their bonds???
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