Quote:
Originally Posted by pornmasta
now imagine the inflation that you need to handle that...
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Well inflation is due to the weak Ruble and is a lagging indicator so early next year the inflation figures will no doubt be over 10% but so what? Many economies have had higher than 10% inflation for many years.
Russia might just get a year of high inflation. The top of Ruble weakness is over so inflation should moderate after that.
As for special status ie Reserve Currency Status, Obama & co and doing "everything they can" to destroy that. Both Russia and China are ditching the dollar big time:
VANNESS: Russia, China preparing to eliminate our reserve currency status - Washington Times
It's a shame because they could have kept that going for a long time. Russia and China would have just played along but Obama (and the neo cons) have wrecked it. Infact all the major emerging markets are ditching the dollar.
It'll take a very long time for the dollar to lose that status but its happening as we speak.