AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
3min chapter
#443 - Tom Nash - The Financial Impact Of Russia's Invasion
Modern Wisdom
What's Happened to the State of the Ruble?
The rouble is now rubble. It's pretty much, it's nothing. Because the central banks littley needs just to take it from the citizens right now regulate. They need foreign currency liquidity from their citizens so that they can use it to control their own. This is literally what happened in russia in the late nineties. We've seen this happen. The problem is that while 19 98 happened, russia was not spending 20 billion dollars a day on e war. He just got cock plock from accessing any sort of foreign currency. I don't understand this all. Am saying. i'm a money guy.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode