Russian Explorers Find ‘Swamp’ of Soviet Money

May 30th, 2017

Awake Goy

Russian Explorers Find ‘Swamp’ of Soviet Money

May 29th, 2017

I’m not sure at what age I’ll begin formal Homeschooling – Cryptogon Edition with my children, but this will be a great one for when I teach them about the fiat currency scam.

Via: BBC:

A group of explorers in Russia have found around a billion roubles in old Soviet money at an abandoned mine, but it’s all completely worthless.

The group from Saint Petersburg, who publish a blog on abandoned sites across Russia, came across the money after following rumours that large quantities of cash had been dumped in old missile silos near Moscow after the collapse of the Soviet Union, the Komsomolskaya Pravda news website reports. After travelling for several hours across rough terrain in Russia’s Vladimir region, they found the mine overflowing with cash.

The site contains an estimated one billion roubles ($18m; Â£13.5m at current exchange rates, or $33.3m at the “official” Soviet rate in 1991) in Soviet Union banknotes of various denominations issued between 1961 and 1991, all no longer legal tender in the Russian Federation. The mine had been flooded in recent years, leaving what was essentially a swamp of banknotes bearing the face of Vladimir Lenin, the explorers’ YouTube channel shows.

According to their account of events, elderly locals told the team about the mine, but said that nobody dared go near the place because it was linked to the Soviet Union’s ballistic missile programme, and contaminated with radiation. However, Geiger counters showed that this was not the case.

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