Russia’s crisis has created massive waves throughout the nation, all on top of current geopolitical issues involving Ukraine. Oil prices have been sliding to half of what they were in recent years, causing a drop in the value of the Rouble to also be cut in half against the U.S. dollar!
As the currency depreciates rapidly, many will lose faith in it and could begin a bank run, a bank holiday would be next, and civil unrest will follow.
Why does this feel like another, done on purpose scheme , but gives U.S. and congress plausible deniability when IMF moves in to ‘offer’ alternatives when the entire dog pile collapses.. an SDR basket of currencies imposed on the world .. and the US goes along or it’s totally left out .. maybe I am paranoid .. but these people do not fart without an agenda behind it.. and failure to ‘reform’ or advance new rules.. please spare me . we are still the IMF . how many TRILLIONS has the Federal Reserve offered up to ‘fix’ foreign banks . .like 4 trillion at least .. there is line Marlon Brando says in the old movie The Formula . when someone asks what we . his company is going to do about the Arabs.. the guy says.. “WE ARE THE ARABS”.. same with IMF ..we are the IMF .. they can not MOVE without us . they are U.S.
A bank run (also known as a run on the bank) occurs in a fractional reserve banking system when a large number of customers withdraw their deposits from a financial institution at the same time and either demand cash or transfer those funds into government bonds, precious metals or stones, or a safer institution because they believe that the financial institution is, or might become, insolvent. As a bank run progresses, it generates its own momentum, in a kind of self-fulfilling prophecy (or positive feedback loop) – as more people withdraw their deposits, the likelihood of default increases, thus triggering further withdrawals. This can destabilize the bank to the point where it runs out of cash and thus faces sudden bankruptcy. http://en.wikipedia.org/wiki/Bank_run