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While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the Greenback

While the US Dollar Tramples the Euro, Pound and Yen, Russia’s Ruble Skyrockets Against the GreenbackWhile the U.S. dollar has soared in value against a basket of worldwide fiat currencies, Russia’s ruble climbed 4.5% against the greenback this week. During the first week of September, Russia told the press China would pay for natural gas with rubles and yuan. Moreover, Switzerland’s imports of Russian gold reached a high not seen […]

Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not Succeed

Vladimir Putin Says West’s Attempt to ‘Crush the Russian Economy’ Did Not SucceedLast week the Russian ruble hit a seven-year high against the U.S. dollar and while analysts have downplayed the rise, one economist said people should not “ignore the exchange rate.” American economists have been perplexed about the ruble’s market performance and Russian officials have been quoted as saying that a strong ruble “makes Russian exports […]

Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’

Russian Ruble Taps 7-Year High Against the US Dollar — Economist Says ‘Don’t Ignore the Exchange Rate’Recent news reports have detailed that Russia’s fiat currency, the ruble, was the best-performing currency worldwide and the articles explained that American economists were perplexed by the trend. On Monday, the Russian ruble rose to 55.47 per dollar, which was the highest increase since 2015. While many have dismissed the ruble’s exchange rate, Charles Lichfield, […]

Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency

American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat CurrencyTwo months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency decline in value, but Russia’s ruble has done the exact opposite. Russia’s Ruble Outshines […]

Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War Levels

Russia’s Central Bank Slashes Benchmark Rate, Pegs RUB to Gold — Ruble Rebounds to Pre-War LevelsAmid the Ukraine-Russia conflict, the Russian ruble has managed to rebound despite the strict sanctions imposed against the Russian Federation. The country’s central bank has taken a few steps to protect the nation’s currency as the Bank of Russia revealed a fixed price for gold and rubles. Furthermore, after pegging the fiat currency to gold, […]

Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing

Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating Sanctions

Russian Bank Run Begins as Ruble Plunges to Record Low Amid Escalating SanctionsA bank run has started in Russia as citizens rush to withdraw cash amid escalating sanctions. The Russian ruble also nosedived to a record low, plunging more than 30%. “There are about 70 people in line. Eyewitnesses say the money in the ATM runs out within 40 minutes.” Russians Rush to Withdraw Cash as Sanctions […]

Mark Cuban Says FTX and Three Arrows Capital Would Still Be Operating if Gary Gensler Had Done the Right Thing