Investment question for those in the know

[russiaonline]

Originally Posted by Retroit

Oh? Ìèíôèí Ðîññèè :: Âíóòðåííèé äîëã Ðîññèéñêîé Ôåäåðàöèè

Domestic debt is in rubles, which is a piece of sh.t. The government can easily print 4 trln rubles - not a big deal.

Compare that with US debt.

Plus:

Foreign debt - $40 bln.
Gold-currency reserves - $500 bln (=15 trln rubles).

And where is debt?

[Hamish Forbes]

A money market mutual fund is one of the dumbest places you could put your money today. Instead, are you eligible for membership in a good credit union? Mine pays more than ten-times the interest of a typical mm fund (which is still not very much), without the risk of "breaking the dollar." Typical mm fund: Vanguard Prime -- 0.04% as we speak . . . Fidelity -- 0.01%. Even my bank pays more than that.