Russia dumps US Dollar. Fed money printing out of control
The Duran: Episode 993
Russia’s $186 Billion Sovereign Wealth Fund Dumps All Dollar Assets
Following a series of corporate cyberattacks that American intelligence agencies have blamed on Russian actors, Russia’s sovereign wealth fund (officially the National Wellbeing Fund) has decided to dump all of its dollars and dollar-denominated assets in favor of those denominated in euros, yuan – or simply buying precious metals like gold, which Russia’s central bank has increasingly favored for its own reserves.
The statements, views and opinions expressed in this column are solely those of the author and do not necessarily represent those of The Duran.