The Russian Ruble is now the WORLD’S best-performing currency. In spite of or rather, because of sanctions, the ruble has reached a seven-year high against the dollar. This is as Joe Biden kills the US dollar.
The New York Times reported that a “combination of capital controls, rising exports, and falling imports have strengthened the Russian currency since it plunged in the weeks after Russia’s invasion of Ukraine.”
Best in seven years and world’s best performing — you heard that right!
The Times writes:
The ruble cemented its unlikely status as the world’s best-performing currency, rising to new multi-year highs this week. Since collapsing in the weeks after Russia’s invasion of Ukraine, which triggered sweeping international sanctions aimed at crippling the Russian economy, the ruble has come roaring back.
This is the consequence of the ill-conceived or deliberately ill-conceived sanctions. The US and EU are hurting themselves with sanctions and they won’t give them up.
The WEF appears fine with this as they drive their Build Back Better dream, dragging a mentally deficient Joe Biden along behind the cart.
The Times did predict a gloomy future, despite their seven-year high and climbing higher. They might well be wrong as Russia builds new alliances with the up-and-coming nations of Asia, the Middle East, and South America. This will take place as Biden destroys our energy sector, continues to spend, and builds an enormous welfare system while the borders are open.
Biden won’t stop until you’re broke.