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An erosion in purchasing power implied by high domestic inflation could weigh it down further, as also a drop in the exchange rate itself, as price-inelastic imports get even dearer in local money.

Paid for it in rubles and the treasury department would not allow it to go through. remember, they've got all of these dollar assets around the world in american banks that they can't get their hands on. the ruble, by the way, the ruble has been manipulated over the last few days. trying to save the ruble, very difficult to determine what the real value is of the ruble at this point. the economy is crashing there. the markets have crashed. the economy is crashing there in russia and there's no question, standards of living with russian citizens are declining rapidly. >> economists are projecti...

Russian troops now having been sent there. but the biggest deployment since post-war history, amassing on the russian side of the border with ukraine. with more than 100,000 troops that vladimir putin has been building up, as part of this ongoing diplomatic leverage, kristi, that he's being trying to achieve to essentially get nato to push back on its boundaries, to get nato to shrink back in some way towards the post-soviet time. because, of course, nato has expanded quite significantly since that time, taking a lot of eastern european countries. and that is essentially what vladimir putin is...

We've _ dollarisation, and the malpractice. we've increased 42% the money supply in the _ we've increased 42% the money supply in the united states over the last 22 months. i want to restate that, 41% more — 22 months. i want to restate that, 41% more dollars in m2, it's showing up in _ 41% more dollars in m2, it's showing up in inflation data all over the world, — up in inflation data all over the world, its— up in inflation data all over the world, its corrupting prices and is actually— world, its corrupting prices and is actually a — world, its corrupting prices and is actually a ...

Low 3's, which means we have the bigger economy, we are growing faster, everything is on our side. eric: what if they start selling treasuries and the debt, people are scared to that? they wouldn't even do that? >> well, they are selling our treasuries, they've got to, their most important concern is supporting because they are word about capital play, since the middle of 2014 they've been selling dollar assets, as a matter of fact last month they sold $22.7 billion, they say they probably sold a lot more because i don't think they are telling the truth on their dollar sales but the point is w...