The Russian central bank is increasing its money supply at an amazing 57%.
The U.S is increasing its money supply by 14% per year.
It seems there's a real race going on between the 2 super powers on who can devalue there currency the quickest and do the most damage.
I think the only winner in this competition is the manufactures of printing presses they must be doing a roaring trade and of course the paper mills.
Showing posts with label currency devaluations. Show all posts
Showing posts with label currency devaluations. Show all posts
Thursday, 21 June 2007
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