Topic: Quick peak to the latest world economic situation 2023 eur usd and others (Read 94 times)

I find it very difficult to agree with your opinion.
Let me explain. In Ukraine, the destruction caused by the Russian terrorists who attacked Ukraine is enormous. Entire cities, hundreds of cities have been destroyed. The largest industrial enterprises have been destroyed. Approximately 40% of such enterprises are totally destroyed, the rest are badly damaged. And many other problems. And the existing foreign currency reserves and other financial aid - all this money will go to rebuild Ukraine ! There will be no sale of dollars or redemption of the hryvnia!

And regarding your assumption about russia buying gold. It absolutely does not correspond to reality. And Russia is actually in a panic selling off its reserves, and it is gold ! Russia's budget has now lost over 40% of all revenues, losing the EU gas market and getting cut off from the oil price.

Russia economy is doing quite well for a country under heavy sanctions and attack by World powers. It would've been better if she had not withdrawn from the strategic positions she was placed in Ukraine. Ruble was doing really well only for Russia's Bank head to say they don't really like strong ruble. It was then left to be at its current position. If Russia wants it high again, let us know, probably through their media, it would be considered.


In regards to calling Russia the invader, who would you rather call an invader between these two groups: a Community of People hijacked by evil/immoral aliens or a neighboring Community that went in to rescue them from the aliens? Beside, If the neighbors hadn't gone in, they and the whole world would have been hijacked too. And the security of Bitcoin actually depends on this. An alien force fully taking over the whole world means an end for Bitcoin as we know it. So, Russia is currently being used to save Bitcoin and the world from full takeover.   Bitcoin users, miners and nodes operators around the World who love Bitcoin ideals like decentralization, privacy, etc should be thankful.
 A 35billion Bitcoin investment from the country when price is low wouldn't be too risky, as Bitcoin likely appreciates Russia and will work to help the investment grow.
 

You are wrong. Before expressing your opinion in a categorical manner, it is useful to check with some credible source of data so as not to look stupid. For example, according to the latest data from the World Gold Council, in May the Central Bank of Turkey became the largest seller of gold (minus 63 tons), and the Central Bank of Russia can also be found in the list of buyers (plus 3 tons).

Russia is absolutely not buying gold at the moment lol... the war has caused a budget deficit and Russia is using it's foreign currency reserves to cover it. Moreover, gold with rubles would have a negative effect on the rubles' price... something that russia is actively trying to avoid. Your analysis doesn't seem very sound I am afraid

I largely disagree with your conclusions. Ukraine, after Russia's attack on it, is indeed now receiving a lot of financial assistance from the civilized world, including in dollars and euros. This is understandable. After all, part of the territory of Ukraine was occupied by Russian invaders, many industrial enterprises were destroyed, millions of Ukrainian citizens were forced to leave the country to escape the daily rocket attacks throughout Ukraine. But Ukraine is not only an agrarian country. Since the time of the USSR, a large number of industrial enterprises have been concentrated in Ukraine. True, but I believe that the industrial potential in independent Ukraine (after 1991) was not used very effectively. In particular, the defense industry worked poorly, even after Russia's military aggression in 2014. But there are a number of objective reasons for this.

One can hardly agree that Russia is now continuing to buy gold. In Russia, there are now very big problems with finances and the budget. Therefore, she is not up to buying gold. On the contrary, the Kremlin is now trying to sell its gold reserves, especially in the UAE.

Based most recent data and source, we have 3 main players USA EU and UKRAINE.
now you ask why ukraine ...well becouse ukraine been getting a lot funding.
Interesting part of this is that germany banks been a lot involved.
What's the big situation here ,....
The USA dumped a lot USD to europe to exchange into ukraine hyrvina currency.
In exchange USA banks got a lot euros and hyrvinas.
So who Are the biggest USD currency holders ...off course germany and ukraine Banks.

What is the ukraine...it's emerging Market country .
What is the resources it's a wheat and food.

So ukraine has now together with germany banks a lot USD what they can Do it with that they want to dump it at least 70/80% what does it means it's the USA will do the rate cuts once germany and ukraine starting to sell dollars.
And once done rate cuts and USDC CBDC developement is ready then dollar strengh Will be back again.
Forex whales Will dump the dollar to buy it back with much lower price.

Dollar strengh is temporary for now in 6-8months it Will fall becouse money printer Will start again work brrr.

The european Banks have a lot USD by now and USD banks have a lot EUR currency Also after USD dump of 70-80% by forex whales then the euro Will follow.
Right after USD Will cut rates the europe Will do the same.

New rate cuts estimated time 2023-2024 fed first then europe second.

The UK offcourse have a lot ukraine hyrvina currency Also.
Ukraine Banks with collaboration partners are the biggest eur USD gbp holders.
We can expecting big volatility ahed for usd,gbp and eur currency becouse large whales are holding those baskets of currencies a large ammounts.

We can expecting the value of fiat currencies can be falling in some days alot in next 6-8 months time.

If you hold btc and gold you can buy fiat currency when they Will be falling.

Why russia and china buying gold now ... It's becouse with gold they Will be buying alot of eur USD and gbp currencies to get the best purache power to get most of the fiat currencies.

All of that can explain why smart ones buying now gold or btc a lot becouse to be prepared.

LET me know If you like that kind of analysis so i can provide you more info like that.