Is the dollar ever going to recover from this massive crash?! The dollar is going to weaken even more in relation to the ruble in the coming weeks. Gold currency always wins over a fake currency! This isn't a deep analysis but just sharing the the chart view - It looks insane :D
I live in the USA (NJ) and I keep telling my friends to change out their USD for YEN or something. It's going to happen. It's just a matter of time.
MBM_Crypto
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@JvBug agree! Especially Usd is going to collapse soon
JvBug
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@MJI786, It absolutely is. I just saw an article saying that (I think the countries were:) Turkey and SriLanka were at 70% and 80% inflation right now. The USD is not far behind this and when it finally does collapse, it's going to be like the collapse of UST. Just one giant red cnadlestick.
MBM_Crypto
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@JvBug that’s insane - 70-80% inflation! We indeed have interesting times ahead. One should be prepared and build a diversified portfolio in such times.
JvBug
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@MJI786, Yessir!
averkie_skila
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In Russia, they are already writing articles saying that the ruble's exchange rate is of no benefit to the budget. The budget is based on an average price of 72 rubles per dollar. There is a very large shortfall of funds. This is a sign of a serious disease, not a healthy strengthening.
MBM_Crypto
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@averkieskila thx for the information! It’s a big challenge to deal with such an strengthening currency - I can’t imagine it would be of any good for the Russian public in the immediate short term for sure.
averkie_skila
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@MJI786, I think after what the state has done, we don't deserve to benefit ))