ENDLESS LAUGHTER: THE ONE TRYING TO SCARE IS THE ONE SCARED TO DEATHYou read the propaganda press of bankrupt WEstern countries that Russia only has $50 billion reserve just so they make themselves appear "powerful and rich" as if anybody can still be scared of them.
LOL, just read this: According to a recent Swiss Bank study, the latest study as of today, that is!
"
"According to calculations (September 2014) by the BND the currency reserves of Moscow would have been approximately 619 billion $."Compare that to the $63 billion reserve & $18 trillion (official; $100 trillion unofficial) debt of the bankrupt US. And the one with money is supposed to tremble just because the hobo tries to scare. Actually, all the bankrupt WEstern Special Effects is just to hide one thing: the unstoppable rejection of dollar in world trade.
THE ONE TRYING TO SCARE IS THE ONE SCARED TO DEATH.I quote a genius in his analysis:
The ruble value is not collapsing vs. USD, but other way around. What we are witnessing, is acceleration of de-dollarization process. Mighty dollar is going out of circulation as dominant trade and soon as reserve currency.
Western run FX exchange rates are responding to lack of supply of dollar trades out of multitude of currencies in Middle east, Europe, S. America, Mexico, Russia, China etc. It means that volume of conversion trades to dollar crumples either due to collapse of economic demand for global trade or introduction of direct currency swap or both.
Dollar is now harder to find at FX, since it is out of the door of global trade, so one needs to pay extra to get dollars by converting its national currency. In near future dollar will be more and more scarce, but less and less needed, until it leaves circulation as a carrier of significant trade and investment volume. It is simple market failure just, speculation induced market failure at this point, limited only to FX since 17 trillions of freshly printed by Fed dollars other ocean of dollar denominated assets/instruments are frozen in N.Y. and are not going near FX exchanges. Otherwise we may have seen $60 to a ruble.
The inevitable but stable de-dollarization process should take decades, but NeoCon geopolitical madness accelerated the process, which will surely unleash dollar collapse as world, including US allies, turn away.