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218 - Russian sanctions & Wartime speculations

The David McWilliams Podcast

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Do You Know How to Stop a Bank Run?

The currency is the litmus test of whether you're credible or not. If your currency is fallen, it really means that the government has lost control of for the average dute. And if the currencies falling, it has a profound psychological effect on the people. Not a least because their savings are being dvalued in dollar terms. But part of the whole russian vibes were not a micky maus country. We're not like brazil and argentine - we're a hard country.

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