Comments by "Kristopher Driver" (@paxdriver) on "Pay In Roubles?" video.

  1. Not to mention ensuring favorable exchange rates lol
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  2. I'm curious as to why you don't think Russia could launder money using bitcoin with North Korea being such a huge manufacturer of narcotics, and bitcoin being easy to exchange for drugs, with drugs being easy to exchange for cash USD. it would cost almost nothing for Putin to set up drug distribution overnight using bitcoin for product and product for greenbacks. Hell, with kgb protection and buying product in bulk they'd even be making money while hurting the west they're selling drugs to. It might even be more profitable than selling off limited natural resources, which of course they'd still be selling for profit to China and India. I can't imagine Putin would be morally opposed to getting the west hooked on meth to punish them for interfering and sanctions costing them (in their view) in the first place.
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  3.  @someonespotatohmm9513  it does if they acquire other currencies or their own by deliberate means. If money supply is tightened then gov't forces a huge conversion by international agreement or new tax repatriation law, for eg, a predictable swoon of buy orders in FX markets will absolutely affect the valuation and spreads just because of availability and coercion by policy. It does matter, fed can't force the gov't to want to issue bonds but gov't can plan, time and execute ideal policy changes to manipulate demand for legal tender.
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