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It’s the End of the Foreign Exchange Reserves as We Know It – Don’t Feel Fine About it.
by Tom Luongo‚ Tom Luongo: “Birthday party‚ cheesecake‚ jelly bean‚ Boom&;#33;” — R.E.M. The world we’ve known is over. The US Congress finally pushed the big red button. When the West froze around $300 billion of Russia’s foreign exchange reserves in March 2022 it was the first step in breaking down the system of foreign exchange […]
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