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What happened to Russia’s gold and foreign currency reserves? Will there be a default?

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This was linked to in the Links post earlier but it is worth promoting since the author understands the basics of MMT about currency sovereignty.The Vineyard of the SakerWhat happened to Russia’s gold and foreign currency reserves? Will there be a default?https://vc.ru/finance/379827-kuda-delis-rossiyskie-zolotovalyutnye-rezervy-i-budet-li-defolt (Russian)translated by the Saker Translation communityhttp://thesaker.is/what-happened-to-russias-gold-and-foreign-currency-reserves-will-there-be-a-default/

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This was linked to in the Links post earlier but it is worth promoting since the author understands the basics of MMT about currency sovereignty.

The Vineyard of the Saker
What happened to Russia’s gold and foreign currency reserves? Will there be a default?
https://vc.ru/finance/379827-kuda-delis-rossiyskie-zolotovalyutnye-rezervy-i-budet-li-defolt (Russian)
translated by the Saker Translation community

http://thesaker.is/what-happened-to-russias-gold-and-foreign-currency-reserves-will-there-be-a-default/
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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