Putin specifically said it was due to the dollar's "easy availability"; Translation: "there are so fucking many of them and so many more being created out of thin air every day that the risks to Russian wealth from holding dollars is far too high to continue to use them as the reserve currency"
And it's not like the US dollar just isn't appreciating, it's depreciating, Just owning dollars costs you wealth.
You need to get off Bernanke's cool-aid, Chuck.
And it's not like the US dollar just isn't appreciating, it's depreciating, Just owning dollars costs you wealth.
You need to get off Bernanke's cool-aid, Chuck.
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