World Blog by humble servant. tweets on twitter .4.Real talk...
johnnie ellington
@e7johnny
·
15m
WHAT phonies.And a lot of names without numbers.The latest package of EU sanctions against Russia introduced on Friday has failed to stop the ruble rally.. - https://go.shr.lc/3NUZdgV
johnnie ellington
@e7johnny
·
11m
Russian currency has doubled in value since last month's crash Resurgent ruble turns back timeResurgent ruble turns back time The Russian currency strengthened to just under 72 rubles to the US dollar and to 77 against the euro during trading on the Moscow Exchange on Friday.
johnnie ellington
@e7johnny
·
11m
The ruble has now reached its strongest level versus the dollar since last November and against the euro going back to June 2020.
johnnie ellington
@e7johnny
·
11m
The ruble dropped to historic lows after Moscow launched its military operation in Ukraine in February, after which the EU and US along with allies imposed unprecedented sanctions targeting the country's financial system.
johnnie ellington
@e7johnny
·
11m
On March 7, the Russian currency fell to as low as 150 rubles to the dollar and 164 to the euro.
johnnie ellington
@e7johnny
·
11m
Thanks to a series of steps undertaken by the Russian government, including imposing capital controls and requiring payment for natural gas in the domestic currency, the ruble has since more than doubled in value.
johnnie ellington
@e7johnny
·
11m
Fiat currency has reigned in the last forty years, but every fiat currency that has existed in history has eventually failed.
johnnie ellington
@e7johnny
·
11m
A study of 775 fiat currencies indicates the average life expectancy of fiat currencies is 27 years, with some taking a month to crash and others surviving for centuries.
johnnie ellington
@e7johnny
·
11m
Since the U.S. dollar is a fiat currency, meaning that it is not backed by any tangible commodity (gold or silver), it can be created out of thin air. When more money is created, the law of supply and demand kicks in, making existing money less valuable.
johnnie ellington
@e7johnny
·
10m
johnnie ellington
@e7johnny
· 29m And the the light has been shown and for it to be manipulated they sure are using it at a discount sending the dollar over time to the trash heap base on what its become.
johnnie ellington
@e7johnny
·
5m
A political tool base on HEGEMONY of yesterday
johnnie ellington
@e7johnny
·
1m
And professors of filth.
johnnie ellington
@e7johnny
What a joke some of these clowns name themselves.
12:24 PM · Apr 8, 2022·Twitter Web App
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