Jun. 9th, 2022

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The Russian Rouble is absolutely rock solid. They removed their currency flow controls on June 1st, and it gave a little bobble to 66 or so, fluctuated a bit, and then went right back to 60 to the US dollar, and stuck there. The all-time high (or low) for the past five years was 58, just a few weeks ago.

I note that our wise and illustrious government is huddling with the EU to try and figure out how to prevent Russia from making huge profits from our sanctions. It's like watching the Three Stooges anymore.

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Rain Gryphon

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