David Frum

@davidfrum ↗

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Last Checked March 4, 2022

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Mon Feb 28 04:07:54 +0000 2022

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David Frum @davidfrum

What was a Soviet ruble worth? There was an official exchange rate, whatever the hell it was. And then there was the reality that no amount of Soviet rubles could buy meat or fish or shoes or blue jeans, only foreign currency could do that. That's "worthless." — PolitiTweet.org

@Michaelhorowicz @AFP @davidfrum What is worthless? 150? 1500? 15000? Depends on the context.

Posted Feb. 28, 2022

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David Frum @davidfrum

@ericowensdc I don't know what Russia has by way of western loans, but if it defaults on them, western central banks can repay western creditors out of Russia's own frozen foreign currency reserves. — PolitiTweet.org

Posted Feb. 28, 2022

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David Frum @davidfrum

RT @idreesali114: South Korea to ban exports of strategic items, joint swift sanctions against Russia - Reuters, citing foreign ministry. — PolitiTweet.org

Posted Feb. 28, 2022 Retweet