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There’s no such thing as a market so controlled that it’s immune to inflation. The Russian Ruble is as controlled as a currency can be and Russia is teetering on the edge of hyper-inflation. It’s core inflation rate is over 9% and their version of the “Prime Rate” for lending has now jumped from 19% to a historic 21%.
China has more breathing room than Russia but it’s still not going to be pretty, especially if this “bailout” fails.
Such things happen when one decides to start a money burning competition with a block of countries with a combined GDP roughly 25 times that of russia.
not sure who’s listening to this, but i thought i’d throw my hat in the ring. i can also burn all my money extremely quickly, if desirable.
