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How Can Putin Afford War In Ukraine? His $130 Billion Gold Hoard Helps How can Russian President Vladimir Putin afford the costs—both direct and indirect—of a new war in Ukraine? Easy—he’s been preparing for years. Russia’s central bank reserves now stand at $640 billion, a record. That pile is equivalent to 17 months of Russian export revenues, and continues to grow, thanks to surging oil prices. Russia exports some 5 million barrels per day of crude oil, plus 2.5 million bpd of refined petroleum products, according to Cowen & Co., amounting to about 10% of the global oil trade. With Brent crude hitting an eight-year high of $88.88 this morning, that amounts to more than $600 million a day in petro-cash. On top of that is 23 billion cubic feet per day of natural gas exports (roughly 2 bcfd of which now transits through Ukraine)—worth another $400 million a day at today’s elevated European prices. Importantly, it’s no longer apt to refer to Russia’s fossil fuel income as “petro-dollars,” as Putin has been working hard to “de-dollarize” the Russian economy. Back in 2013 Russia received dollars for 95% of its exports to Brazil, India, South Africa and China. Today, according to the Congressional Research Service, after a decade of de-dollarization just 10% of that trade is in greenbacks. And Putin has created new payment processing systems, as a replacement for the Society for Worldwide Interbank Financial Telecommunication, or SWIFT (from which Biden has threatened to cut Russia off); in 2015 after U.S. sanctions Moscow launched the Mir payment platform (now even connected to Apple Pay).

6 Points Of Successful Forex Trader =============================== 1-Get rid of anything unnecessary Your mind must be clear of any small negative thoughts or you will fail. Leave your professional environment behind if it is below your level. You need traders who are better than you, both financially and mentally. 2-Freedom Do crazy things. Understand the difference between rules and laws, both in life and in the financial markets. You don’t have to work 8-10 hours a day to succeed. The less you work, the more you will earn. Don’t lose your focus. 3-Spend wisely Don’t spend money on rubbish. Just because you can afford something does not mean you actually need it. When we trade and earn, we lose sight of the real value of money. We consume. When we realize that such purchases are also unsatisfactory, we move onto drugs. This always turns out badly. 4-Study constantly This does not mean we should read books on trading. Nobody would sell you a particularly successful strategy for $20. Expand your horizons, be above it all and try to learn from your successes, rather than from your losses, as most people advise. 5-Choice Go for the best whenever you can. Choose the best broker offering the best terms, the best mentor and the best Forex signals. Everything must be first-rate. Don’t limit yourself and set your sights too low because you will get mediocre results. 6-Ego Be selfish and take advantage of people who let you. This is one of the main rules for success in this dog-eat-dog world. There is no place for your ego in the market. No matter how much you beat your chest, no matter how big your trades are, the market will always be bigger than you. IT'S FOR FREE ! Lower your spread , reduce commission fees, increase your profit ! +++ https://www.cashbackforex.com/#aid_351291 +++

if you have a good consistent profit EA with 10% per month. Every month, keep top up $10 in your EA. Keep compounding it. 5 years later, your capital becomes $20696. ( month 61 ) That time, every month your profit is $2069 If 5 years is hard, you may stop at 3rd year. Nothing is hard, but if you willing to do it, you can change your life, change your future. Many greedy people. Want to earn 100% per month. They think forex can earn fast. In their dream. Smart people. Even 5% a month. After 5 years. They are earning super well. Imagine you are 40yo. Monthly 5% for 10 years..till you 50yo. 50yo, you should financial freedom. If you die at 80yo. Means you are enjoying life for 30 years.. For those greedy people?... They will keep working till die.. Or keep donate money to forex broker.