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RT by @mikenov: RT by @mikenov: Great news from Russian financial media today.. 📉😂 Looks like the Russian Central Bank just discovered the “magic money printer” solution to fix their massive budget deficit. They just pumped nearly 5 trillion rubles (4,748 billion to be exact) into the banking system. According to Bloomberg, they are basically printing money through repo loans so Russian banks can buy up the government’s debt. To top it off, the Duma rushed a law through in just three days, allowing the government to blow past all spending limits and increase the national debt however they like. 💸🏃‍♂️ As economist Nikolaj Korzhevsky noted, this completely changes the game. Sure, printing

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The Ocean Avenue News – The News And Times