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overtheedge
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Russia's Currency Crisis: This Is So 2008! - Nathan Lewis - New World Economics

"The appalling thing is that Russia’s central bank should know this, because they are the ones that did it, and it worked for them. But, they seem to have forgotten. (Presumably there are new people there now.) Monetary affairs, today, is in the hands of doofuses, in Russia and everywhere else. People don’t believe this when I say it. But, what else would you call it?"

Then again, maybe the author forgot that the USA and the EU have been gaming the system with the intention to purposely screw-up the Russian economy.
Or has this author forgotten the great Ukraine gambit?

I'm betting Russia's central bank knows exactly what is going on and this author hasn't a clue.
No doubt that there is no shortage of doofuses.

Folks, it is time to start exercising your critical thinking skills.
Remember always, "Cui bono". Who benefits?

Commented 3678 days ago

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Beginning of the headline :http://www.forbes.com/sites/nathanlewis/2014/10/16/russias-currency-crisis-this-is-so-2008/ Are you getting that “it’s kinda like 2008 again” feeling? I am! In November of 2008, the Russian ruble was collapsing vs. the dollar, the Russian central bank was intervening in the foreign exchange market, Russian interest rates had risen to high levels, and I was writing an op-ed about it. Here’s what I wrote in 2008: On the surface, it appears that... Read More

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