Tag Archives: Russia

Seems it’s always a central bank story. Goes up when they buy, down when they sell. Furthermore gold buying is supported by how it’s accounted for. That is, it doesn’t count as deficit spending or part of the pubic debt, even though the ‘taxpayer’ has to pay interest on the funds spent, just like any other deficit spending. Gold purchases are accounted for not as an ‘expense’ as ‘normal’ govt spending, but as purchases of an asset that remains on the balance sheet at ‘cost’. And yes, the...

An interesting analysis of current EU politics by Peter Hitchens with reference to Germany and Russia, with some good historical background. It is interesting because some of his thoughts line up with what people on the left have also argued on, for example, the Ukraine, and the absurdity of the “new” Cold war that has been ratcheted up with Russia.[embedded content]

I wrote a number of posts on Forbes about Russia at the back end of 2014. At the time, there was a lot going on with the currency, the central bank and the banks. So for ease of reference, I've collected them here, in chronological order.Why the Russian Central Bank can't defend the rubleHas the Russian Central Bank thrown in the towel?The Russian Central Bank is regaining control, but for how long?Oil, sanctions and Russian politicsHow to destroy a currency, Russian styleRussia and the...