is how rubles could be repeatedly bought at a discount and sold at a big profit. Why wouldn't ruble holders cut out Wanta as middleman and make a profit themselves? Also if rubles (or anything) have a frequent large-quantity buyer, the sellers will inevitably test higher prices, which would elevate the value of the ruble. How would this hurt the USSR? Finally, supposing the described profit-making strategy were readily applicable, why would other major players stand aside and let an agent of the US president rake in the trillions uncontested?
With an initial investment of $150 billion, borrowed from the U.S. Treasury and, thus, the American people, Wanta purchased rubles from contacts in the Netherlands. According to Wanta, the ruble was valued at $1.20 on the international currency market at the time. By purchasing rubles in above-normal quantities, his company, AmeriTrust Groupe, Inc., of Vienna, Austria and other locations, was able to acquire them far below the standard exchange rates. To boot, his company was trading with U.S. dollars and other currencies.
I have known about this for a long while, but am not much of a researcher.
I have been trying to find out what's going on with it and have even commented on here. "What happened to the Wanta plan?" and no one has ever made a comment on it. I enjoyed reading this update of sorts and often figured that he couldn't keep it hidden forever. I just assumed that they have managed to get their grubby mits on it and the general public would never know about any of it.
What doesn't make sense, to me at least,
is how rubles could be repeatedly bought at a discount and sold at a big profit. Why wouldn't ruble holders cut out Wanta as middleman and make a profit themselves? Also if rubles (or anything) have a frequent large-quantity buyer, the sellers will inevitably test higher prices, which would elevate the value of the ruble. How would this hurt the USSR? Finally, supposing the described profit-making strategy were readily applicable, why would other major players stand aside and let an agent of the US president rake in the trillions uncontested?
Does this answer the question..
With an initial investment of $150 billion, borrowed from the U.S. Treasury and, thus, the American people, Wanta purchased rubles from contacts in the Netherlands. According to Wanta, the ruble was valued at $1.20 on the international currency market at the time. By purchasing rubles in above-normal quantities, his company, AmeriTrust Groupe, Inc., of Vienna, Austria and other locations, was able to acquire them far below the standard exchange rates. To boot, his company was trading with U.S. dollars and other currencies.
Great story:
I have known about this for a long while, but am not much of a researcher.
I have been trying to find out what's going on with it and have even commented on here. "What happened to the Wanta plan?" and no one has ever made a comment on it. I enjoyed reading this update of sorts and often figured that he couldn't keep it hidden forever. I just assumed that they have managed to get their grubby mits on it and the general public would never know about any of it.
I love my country
I am appalled by my government
This is tied in
To everything that is going on in the World today.