BANK RUNS ARE LIKELY: Putin’s war & western sanctions are wiping out Russian’s savings. De…

Written by Chuck Pfarrer — December 22, 2022

BANK RUNS ARE LIKELY: Putin’s war & western sanctions are wiping out Russian’s savings. Despite the Spot Market quote (73.96) the actual exchange rate is closer to 150 rubles ₽ to the $, assuming one could find a chump. The collapsing ruble ₽ is worth < 14¢. #КрахРосБанков