It’s a smart move by Russian President Vladimir Putin. Facing financial sanctions and economic pressures from the U.S, NATO, EU and western allies, Putin stated today that all oil and gas payments must be made in Russian rubles.
The EU has few options as they are reliant upon Russia for energy products oil and gas. If Putin organizes payment in rubles, his currency will automatically increase. This sets the stage for other less hostile countries like the BRICS alliance to assist Putin ideologically and financially by transacting in rubles through the Russian central bank.
(Oil and Gas) – […] Russian President Vladimir Putin said on Wednesday that Russia would start charging the countries it considers “hostile” in rubles for its natural gas.
“I have taken a decision to switch to ruble payments for our natural gas supplies to the so-called hostile states, stop using the compromised currencies in such transactions,” Putin said, per a transcript published on the Kremlin website as carried by Bloomberg.
The Russian President—whose list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others – has ordered the Bank of Russia, the central bank, to develop a system for payments in rubles within a week.
“At the same time, I want to emphasize that Russia will definitely continue to supply natural gas in line with the volumes and prices, pricing mechanisms set forth in the existing contracts,” Putin said at a government meeting today.
It makes no sense for Russia to export goods to the EU or the United States in U.S. dollars or euros, Putin added. (more)
It will be interesting to see how quickly they can get this up and running.
PedoJoe46 plays child hair-sniffer…..
Putin plays PedoJoe46.
It was a certainty that some alternate to the USD would emerge. Instead of UST they will be holding RUT on the balance sheet. Given that the Ruble is down, It would make sense to load up.
I envision other countries or even OPEC coming up with a more flexible payment requirement other than USD.
What would be a hoot is if OPEC came up with a non carbon commodity backed currency containing lithium, nickel, uranium and copper. This would jack up the price of the commodities that compete against them.
Can you imagine the insanity that would ensue?
And why not reduce the dollar’s importance in global trade? It’s been demonstrated that the dollar is in the hands of a blithering idiot.
Watch out for the SDR (Special Drawing Right) to emerge as the new reserve currency. That consolidates the financial power into the hands of the U.N., World Bank, and the IMF.
That way they can have world wide impact on financial control without having to deal with pesky citizens’ rights such as the Constitution.
” Putin man bad ”
The entire excuse and pretext for a ” Great Reset “
Fairly certain that “Reset ” plan is on a bit of a hold.
go on ……
Have you noticed how the bio ID / vax ID is on a big hold.
Not on hold , it was exposed , and now has ” shape-shifted ” to a social credit score -digital central bank currency.
Misdirection.
Thats’ merely the “public” version of current events that the Global UniMedia was ordered to present.
It can change tomorrow; most likely as soon as they believe they can force it on us with minimal real resistance (millions of tweets complaining about it does NOT constitute material resistance).
I’ll bet it is a MAJOR topic of discussion at the NATO / Brussels / Banker conference this weekend , Brandon & his handlers will be given their newest ” Script “
IMO….I’m pretty sure I would know what real resistance would look like.
Not seeing anything even remotely close to it.
Amen, Max. IDK what the tipping point will be, but for now everyone is keeping their powder dry……
It’s not on hold for poll workers. Must submit the card to an online data base to volunteer now 👎🏼
Nothing is going to HOLD the derivative markets from collapsing. And the real estate bubble has popped in China. All indicators are for full steam ahead. The reset is still in full force.
It just may be the Russia is the only one who comes out of this with it’s pants on.
So you don’t think this is part of the plan to collapse western economies?
Nope–the WEF is all for WW3–they need destruction before “Build Back Better” especially as to USA
The reset has already taken place. We are post reset. The goal is 500MIL people total after BBB, so WWIII is not off of the table And you are absolutelycorrect. They want 66% less pensioners by 2025. The world in which we enjoyed in 2019 is gone. The Emergency Authorization Trump put in place ended all of that and now we are where we are.
We will not survive much more of the Nuland people’s crap. Even if Biden goes, we have the interagency a**h***s. We do not matter in the quest to destroy Putin and China at all costs.
Not quite….maybe they are all on the same team.
Read on…
https://gatesofvienna.net/2022/03/putins-war-speech-exposes-agenda-2030-in-russia/
How stupid is this?
For 5 years we were warned about Russian propaganda. Russian propaganda is so effective that we must always be on our guard!
Then the US enters a war in which we are not going to fight but win by US propaganda!
Apparently, the US is out to prove that US propaganda is far superior to Russia’s.
Boggles the mind.
Ah but Ukraine is better than I thought.
Apparently Ukranian border guards are inspecting young “women” trying to leave and on finding male genetalia are sending them back to fight the big bad Russians.
Lgbwxyz2+ degenerates are not tolerated in Ukraine.
It must be true as the UK’s most rediculous Gates sponsored ‘newspaper’ The Guardian is up in arms about it.
https://www.thegatewaypundit.com/2022/03/guy-go-war-transgender-women-turned-away-ukraines-borders-told-must-fight/
What I was wondering about the other day is — transgender women, like say swimmer Lia Thomas, who were grown boys just a couple of years ago — did “Lia” (don’t know original first name) have to register with the Selective Service when he was 18? What happens if the Draft is necessary and all registrants are called? Will Lia have to go off to basic training, etc. or can now-she avoid the whole thing, maybe join the WAVES? Inquiring minds want to know. Someone better ask General Milley or Defense Sec’y Austin pdq.
This is going to crash the system. Just a matter of time.
Crash the EU system that is.
Our EU “allies may ask for their US AID in Rubles .
.
When the US Government flies pallet loads of cash around the world it might be in Rubles or whatever currency that is not a US Dollar that Iran asks for.
One of the “ Big Five” Canadian Banks stock price will close down 3% today.
Much of it I read is on todays news of the “ Ruble Reset “ 😉
Cheers!
Rubles are not why the dollar will crash. Hyper inflation hits anyone holding dollars including foreign reserves of other countries.
When you make your money worthless, it is no big deal for other countries to dump their dollars and back alternatives. Also, US government bonds will also fit into this category so financing debt through foreign purchasers will also dry up.
Things collapse slowly, and then all of a sudden.
Most of us don’t realize this, but far more dollars are used outside of the United States than inside the United States. Having the world’s reserve currency is a massive advantage. Up to this point, there has been an insatiable demand for U.S. dollars all over the planet, and that has allowed us to enjoy a standard of living that is way above what we deserve.
Not necessarily. It’s also a reason we must run trade deficits (to distribute dollars to the world). Without being reserve currency we don’t need to run deficits and can bring manufacturing back to the US…if we survive the inflation
Yes, 70% of USD are outside USA, per M. Armstrong @ ArmstrongEconomics. This will be massive devastation for USA. Citizens will suffer, as always.
This should force the USD down. Then it will be a race by the rest of the world to damage their currencies to restore competitive positions. Should make for some great volatility.
Add popcorn to shopping list.
Strange Days.
Well played Mr. Putin.
Crazy Ivan wasn’t so crazy after all. I retired from a long career as a civilian shill for the DOD (it paid the bills) and I learned long long ago to respect the Russians because they did so much with so little, it truly amazed many of us.
Game on!
Coincidentally.
They are decreasing output on one of their ports due to a “leak.”
The sanctions are making finding tankers needed to purge the line before repairs can be made harder to obtain.
https://www.rt.com/business/552539-crude-exports-russia-drop/
Here’s another story that explains how the sanctions are making it difficult to find the parts necessary to make the repairs.
Did you know they are only made in the west?
The same west conducting the sanctions.
No parts, no oil for the EU.
https://ndtinspect.com/cpc-warns-of-the-risk-of-a-threefold-reduction-in-oil-supplies-due-to-an-accident/
Very strategic. Russia says give us payment NOW.
.
This payment will help to know how fast to fix the “leak”.
Exactly.
They also said it would be taking extra time because of their commitment to save the environment from any preventable catastrophes.
The west is pointing out that because of sanctions, they haven’t been given access to confirm that their even is a leak.
You know, at the other end of these sanctions are people who aren’t quite so dumb as the stereotypical pol here seems to expect.
Our pols are “up against” a docile citizenry that follows the law and hopes that the judicial system works to keep evil-doers under key. The pols therefore believe themselves more potent than they truly are. They transfer this ideal into international politics and, combined with an inherently arrogant baseline expectation that non-USA = second rate, incorrectly presume the opposition to be marginally competent.
That bee will sting.
Terrific post, thank you!
Dumb, dumb and dumber is the average Western voter.
Cheers!
I have been advocating for an intelligence test you must pass before being allowed to vote.
Just imagine how that would affect the outcome.
It would be called racist.
Which, ironically, is itself racist.
How about a competency test of some sort before being allowed to RUN FOR OFFICE.
You need a license to be a hair dresser, manicurist, hair braider, plumber, electrician, etc. etc. EXCEPT no license or testing required to run for public office. The bar is that low.
How about a drug test first, then an IQ test, then a mental competency test.
That would exclude at least 3/4s of congress–both houses.
And financial screenings and audits in compliance with the laws, statutes and standards that the ‘common folk’ must adhere to or else.
Find a way to screen out sociopaths, and the entire world will change for the better
I’d like to add a polygraph
Just being a landowner will do.
As Gates is buying up huge acreages of farmland in the USA, there will be a lot of farmers that will lose their vote, (if your wish comes true)
An English proficiency test.
English is the official language of the USA.
COMMON SENSE — 100%
No! The elites have become ‘spoiled’, lazy and arrogant BECAUSE A) for MANY years, the ‘average Western voter’ WAS dumb, and for the most part unaware of what the “elites” were doing, even when they felt something “just wasn’t right”.
They are now “waking up” and red-pilling in large #’s, and other than demeaning them as Deplorable, Trumper, anti-vax, Putin puppet rascist transphobes, they are doing NOTHING to address this rising insurgency, other than deplatforming and using “martyering” of a few, to “make an example”.
Short term gain, long term loss.
They are also ‘spoiled’ by setting up Uniparty ONE party rule, BECAUSE they get no legitimate challenge, and control of msm likewise, means the muscles they would normally used ( thereby keeping toned) to defend their policies, become flabby with disuse.
And yes, they have “gotten away with SO much, for SO long”, that they now are actually betting they can “get away with” anything.
They will ultimately LOSE that bet.
The very things that ENABLED them to get this far, are things they are destroying; THEIR Credibility, and the illusion of a Two-party system.
Thanks, Dutchman… but the ‘elites’ are not the only ones who have been spoiled. Those of us who have LIVED conservatively, will be among the survivors.
C’mon, man… Canucks haven’t done too well in the voting ‘up there’ either. (I agree with your kudos on that post from evergreen)
Or, this is all theater and our corrupt politicians are actually helping Russia and China bring down the US. Which we know is the goal of the American Left.
Well said Evergreen. Vlady knows how to compete on the world stage. The Russians have always done more with less. Its getting quite dangerous now with these complete idiots (Zombie Biden, The Cackling Whore, and a state department so lacking in even the most common of sense), at the helm. Remember when that MIG Pilot defected back in 1976 and landed in Japan with his MIG-25? Japan eventually returned the MIG to the Soviets, but not until after the US engineers took it apart piece by piece, then didn’t even put it all back together, and kept the critical parts. US aero engineers were stunned by what they had discovered. The technology they discovered was far beyond what they thought the Soviets capable of. I’m afraid our bumbling, ham handed waifs in this abdominal joke of an administration are severely underestimating Russia. Again.
Does anyone ever wonder why most of the world’s greatest chess players come from Russia?
The WEF/NWO whoever these globalist totalitarians are intend to collapse the US economy and the dollar. This helps them along and the O’biden regime is doing its part.
But this is going to affect much of Europe also. Which puts the brakes on NWO crap.
We’ll start at the bottom and build back better. The elites will observe the experiment, unaffected.
It’s also going to affect China. Go look up how much of Chinas exports are to the US
I don’t think this is going to help NWO- perhaps the opposite
Oil is almost a currency now.
after that, cups of flour
Wish I could get paid in barrels of oil.
.
That would be great.
I’d rather be paid in gallons of gas, thanks.
“Oil is almost a currency now.”
It’s been that since 1971. Why do you think it’s called the Petrodollar?
Who needs the Petro-Dollar when we have TikTok?
Worse … 19yo “influencers” on TikTok. Puhleeze …
EU will facility this new payment process quickly because they must have oil ( transportation ) and natural gas ( heat ).
.
Else, Putin just slows the energy flow or stops it all together.
.
Tough cookies EU because our President Trump offered a better plan.
Now sadly, we must watch our own Dollar currency crumble further.
I do not think so. Putin needs the money just as bad as they need the oil. Could see a little brinkmanship here?
One thing for sure, it is going to be a bit of a wild ride.
Brinkmanship with this administration? That’s a one-sided fight
Nah, Russia has plentiful food, heat, and gasoline supplies for its own (small by comparison) population. Outside resources just aren’t as critical for Russia as for their opponents – so, Putin can hunker down for a long time and play the waiting game, if necessary.
we have trillions of gallons of oil in the US. The greenies will have to move aside, and we can resolve this mess on our own. Of course we need good leadership. The NWO will stall because Putin has also put the elites in check. It will be tough for a while, but we will need to focus on US citizens until we get back to some type of normal.
Perhaps that is what the “leak” is about… announcing a ‘slow-down’ as an ‘example’?
So…
The loser in the Russia/Ukraine proxy war is going to be the U.S.
As many predicted.
Biden is intentionally destroying the dollar as the world’s reserve currency…
Yep,
Real unrest soon. Here in docile Canada it is not uncommon to hear folks utter” I am surprised nobody has tried to off him yet” referring to Trudeau.
Cheers!
Well, his handlers are.
Make no mistake, this is Obama. The pedophile in the whitehouse is too stupid to orchestrate something like this. This is all Barry and Mike’s doing.
yep
Biden just asks where they want him to stand next and can he have another ice cream please?
Obama is not this smart either. Evil, yes but smart no. Look behind the curtain.
nope, odumbo is just too stupid to plan this.
The fundamental transformation of the United States of America from a shining city on a hill to a violent crime ridden $hole. Obama and Soros must be so proud – they got their payoffs from the golden goose.
You mean Barry, Soros, and Valerie.
BidenObama is intentionally destroying the dollar as the world’s reserve currency…FIFY
He sees the dollar is dying and planning accordingly for his people.
The globalists do not have a “his people” , they have only themselves.
God Bless Vladimir Putin
Biden’s destruction of America marches on.
Kind of sad in ways that Im rooting for the end of the petro dollar but when your own country becomes evil, regardless of the others being evil too you sort of root for the theives to all go after eachother and hopefully take each other out.
WE ‘conservatives’ have railed against ‘out of control’ Federal spending, and elected ‘representatives’ who promised to do something about it, and didn’t.
And, the Federal spending is KEY to Federal encroachment on States and individuals authorities and rights.
The Federal government has only been able to print this $, BECAUSE of $ being the “reserve” currency, and base for the petrodollar.
So, the only way to reign in Federal overspending, and Federal overreach, is by “losing” reserve status, and petrodollar.
Unless the U.S. economy is totally “trashed” we still have the capacity to be the largest consumer nation in the world, and the only nation that can supply all its own needs.
So, even without reserve or petrodollar status, its possible the U.S. could be “restored” WITH a leadership interested in such a restoration.
That in combination with cutting them off at the knees by eliminating income taxes may just do it.
Still, one can dream.
Thanks… another thought-provoking post from a guy with his finger in the dike. (or is that racist/homophobic?)
“Unless the U.S. economy is totally “trashed” we still have the capacity to be the largest consumer nation in the world, and the only nation that can supply all its own needs.”
Two things:
For the first 150 years (colonial America) we had no official currency at all. “Taxation without Representation” was the battle cry in 1776, but the lack of common currency was another major impetus for the Revolution.
To go from that, to a global reserve currency status, took about another 150 years – so, you can see that for most of America’s history, we didn’t enjoy reserve currency status and yet we thrived as a nation.
Have the fruits of the globalist path made the USA lazy, corrupt, and depraved?…it has certainly encouraged centralized federal power over the decentralized powers of states, local governments, and constitutional rights of citizens.
The is a good discussion, very interesting if gold were to be used as the neutral reserve currency for purchasing energy. The central banks wouldn’t be in charge other then determining if they wanted cheap energy or cheap stuff. Sounds like the only losers would be the bankers who profit on “printing” money.
George Gammon makes an interesting comment during the discussion (towards the end) if this (moving to gold as the method of exchanging energy) we’re to be implemented would the world look like it did when he was growing up: East doing business with the East and West doing business with the West?
“other THAN determining”… geez! ‘then and than have VERY different meanings…
Wait until those excess dollars in circulation around the world come back.
May not be long from now.
“Digital Tyranny: Beware of the Government’s Push for a Digital Currency”
https://www.worldviewweekend.com/news/article/digital-tyranny-beware-governments-push-digital-currency
There goes Biden, presiding over the fall of the West … let’s watch the rise in China he’s enabled (or rather, his son has enabled).
Whatever is slow joe going to do with the millions he’s collected? There’s no way he’s going to live long enough to spend it. Maybe he can begin to redistribute his stolen bucks now.
His kids may have something in mind, then there’s “Doctor” Jill Biden.
Let them all duke it out in the probate courts.
somehow I have a feeling Putin is going to get the last laugh in this whole affair
it’s a mistake to underestimate him
Putin will get everything he wants and will be declared the LOSER by the media. 😏
I guess the silver lining of the collapse of the Dollar means Narco Terrorists will have a difficult time pushing their poison.
Silver, you say? Funny that.
cute.
well IF it does and they do push for digital currency i believe there will be a whole lot of assassinations.when their billions are useless/worthless they are gonna be pissed.
They will ‘find a way’…. dumb people will have to have their ‘fix’.
Buy gold ?
Metals are doing well. I’m in fertilizer, oil, metals right now.
Nothing appreciates like Ammo!
The Ruble will be more valuable relative to the dollar than before Biden shot off his big mouth.
Remember the Ruble cratered a week or so ago. That means it is going to recover all the lost ground and then some.
When Americans start buying rubles the administration is going to be angry and nervous simultaneously.
How long till it is a Federal offense to possess Russian Rubles? /s
That may be a better question than you think. They are already trying to depress the value of cryptos.
no need for the /s.
Hard to do satire when it habitually becomes truth.
Still, I feel for the writers and editors at the Babylon Bee and others that contend with it.
Already is…unless you’re a Wall Street bankster, of course, directing offshore accounts in non-aligned nations to grab up rubles.
There’s many unhappy small investors that see a fantastic opportunity here that they are not allowed to touch…
I demand payment in Lentil beans.
Joe did this. Sanctions have consequences.
Game,set, match…Putin.
We have wieners as leaders in the west.
Gad! Not him again…
Bloomberg) — The Chicago City Council on Wednesday voted to ban city investments in coal, oil and gas companies in an effort to curb climate change.
The measure that passed was supported by Chicago Mayor Lori Lightfoot and Treasurer Melissa Conyears-Ervin, who manages investments for the city as well as its pension funds and oversees $9 billion in assets. The city plans to create a list of companies that are coal, oil, and gas reserve owners, ranked by potential carbon emissions. The treasurer will not invest any city funds and will divest securities or other obligations of the companies on the list, according to the ordinance.
https://www.bnnbloomberg.ca/chicago-city-council-bans-fossil-fuel-investments-1.1742018
Sounds like Chicago needs to be cut off from *all* fossil fuels.
LOL….good luck, losers!
🙂 🙂 🙂
Well… there goes the city pension funds value…
Chicago will demand the Feds bail out their pension funds in 5, 4, 3…
I’d buy Russian debt get paid in rubles, if we were permitted. Now have to get paid 1/2 percent on a deflating dollar, inflation is shrinking purchasing power double digits, a few years of that will destroy 40 years of savings. Should have bought nicer cars or taken vacations instead of saving.
To the extent the dollar was accepted as the global reserve currency, it was because of the “integrity” of US governance which would avoid politicization and deliberate devaluing of money.
Nobody supports the US dollar out of the “moral authority” of the US. Indeed, that moral authority has so abused itself that a pent up desire to switch is now financially justified.
I think the words “integrity, and “US governance ” Are no longer permitted in th same sentence.
Hyperbole.
Russian percent of world oil reserves: 4.8%
Chicom funny money which no one wants because their country has no actual rule of financial law meaning, as Kyle Bass has said, no one outside China ever actually OWNS anything there, is listed as the RMB.
Same problem for massively corrupt Russia. Their $0.01 exchange rate Ruble trash is a small part of the “other” in this graph.
This is what the headlined move is actually about:
How Putin ‘destroyed’ the Ruble and brought Russia to the brink of default
March 9, 2022
https://www.cnn.com/2022/03/09/business/ruble-russia-central-bank/index.html
As recently as the 2008 global financial crisis, Russian President Vladimir Putin and his lieutenants had promoted the ruble as a potential alternative to the US dollar, arguing that it should be an integral part of the global financial system. Russia would become one of the world’s five biggest economies, they claimed.
Putin’s quest to dominate his neighbors, starting with his assault on Georgia in 2008, and continuing with the annexation of Crimea in 2014 and last month’s invasion of Ukraine, has shredded what remained of the authoritarian leader’s economic dreams.
In early 2008, one US dollar would buy roughly 25 rubles.
Come on man, CNN ?
I evaluate for facts, not WHERE it they came from. PLEASE check what they claimed and get back with us.
Not hyperbole if China, SA, India and others follow the dollar exodus.
https://oilprice.com/Energy/Energy-General/Saudi-Arabia-Considers-Ditching-The-Dollar-For-Chinese-Oil-Sales.html
Yeah, it’s as simple as that. LOL!
A smart move by Putin. He’s two steps ahead of his detractors. He has full leverage on Europe due to energy dependence. I think VSGPDJT might have mentioned this some years back to the haughty Euro elites, and their snotty media??
Ukraine will fall exactly when Vlady wants it to. If I’m a betting man, I’m putin my money on Putin.
Oliver Stone- Putin interview on Showtime- worth it.
Yes President Trump mentioned it only about 300 times , but it was only those mean tweets that MSM (and the sheeple} thought were important ..
One way or another for the great reset to occur the US needed to be knocked down a few pegs.
On the other hand China has shown it is no longer going along with the NWO and has its own plan
This why Krause and George want Xi gone
It’s war to the end. Putin no longer has a choice. There is no “off ramp” now.
“Secretary of State Antony Blinken on Wednesday announced that the State Department has made a formal assessment that Russian forces have committed war crimes in Ukraine.”
https://www.msn.com/en-us/news/world/us-formally-accuses-russian-forces-of-committing-war-crimes-in-ukraine/ar-AAVpU9F?ocid=msedgntp
The left is all in on nuclear arms treaties.
The left is also currently engaged in an all out effort to de-platform Russia and Putin individually.
This makes for an interesting display of hypocrisy when the nuke treaties come up for renewal. Right now, they have an extension in place that is supposed to last till 2026. Trump demanded any new treaty include Chinese nukes and China of course said no.
Russia now has the option to “cancel” the treaty extension because the left absolutely does not want to update let alone improve US nukes. This is independent of the delivery systems (ICBM/submarines/bombers). This is the actual warheads.
The left also hates improving the delivery systems as well and we have replacement projects underway to replace the Minuteman ICBM (50 years old now) and Trident subs (40 years). The AOC wing of the left would cancel these projects in a hear beat. Given the tax revenue decline expected for recession and dollar devaluation, they may get their wish one way or another.
Oh Boy Now. This is gonna really give Vlady quite a scare no doubt? / sarc
What blithering waifs /idiots.
Not to mention our dementia riddled, diaper wearing zombie calls Putin a “war criminal” on the world stage. Unprecedented.
This is not going to end well.
Stolen elections certainly have grave consequences.
Please! This admin. attempting to provide “an assessment”?
Smarter than your average BEAR, BOOBOO…With Biden and Co. in command we may find ourselves standing alone, at the back of the bread line.
He most probably didnt just think of this, likely he has it sorted already, unlike JoeBama and Harris who are surprised when a big hot shiny yellow thing appears in the morning sky and even more surprised at the consequences of their gabbling stupidity!
One thing they forget to mention in the Build back better scheme..first you got to tear down what is/was.
Our brilliant Mandarin class steps in dog doo again. Insert implied facepalm about here.
(I believe India was on board with this last week but don’t recall the link)
I’m frankly surprised this did not happen years ago as BRICS nations now control over 80% of the world’s oil, natural gas, precious metal and rare earth deposits.
The US Petro Dollar came about as the result of the French attempting to cash in all their USD for physical gold and the rest of the world went along with Nixon’s proposal because of the Cold War against Russia.
At first it made perfect sense as the USA had an incredibly strong economy, stable society and incredibly strong military; in short… stability.
Well not anymore… the USA now has a largely unproductive economy, dysfunctional society, weak military and is corrupt to the core across most if not all levels of society.
In my opinion it is only a short matter of time before our entire currency collapses and if that happens, our nation along with it.
That is the whole idea.
texitnow [DOT] org
tnm [DOT] me
The Uniparty has one note now, Ukraine.
A really good move…in fact once this is up and running do not be surprised if he does the same for the rare metal and the huge amount of aluminum that Russia exports…….
Then we have that badly needed fertilizer…….. so good ol Joe is gonna have a lot of explaining to do……
All I know is that the Russians are great chess players and this looks like a blinder of a move .
Muammar Gaddafi was overthrown and murdered for trying to launch a gold-backed Dinar in Libya, with the obvious intent of pricing Libyan oil in gold.
This is an existential struggle for Russia and Putin knows it.
Russia will convert its ruble proceeds into gold via the Shanghai exchange. The Comex/London ‘paper gold’ price fixing will break. Finally.
Interesting end-of-day price action in gold. Long-suffering gold bulls may be nearing the end of their 50 years in the wilderness. But beware. $10,000/oz gold in Weimar America may not bestow the ‘wealth effect’ you were hoping for.
What are my chances holding U.S. $s in a savings account?
Thanks a penny fed.
EU will be forced to buy rubles with their own currencies, increasing demand and strengthening the ruble and restocking Russia’s foreign currency stockpiles, in order to pay for that russian gas and oil they must import or starve/freeze to death.
Conversely, it reduces demand for US Dollars on the market.
So not only do the sanctions fail to deprive Russia of revenue, it’s a complete backfire.
Who’da thought a dem/Bish*t plan would backfire?
Totally not predicted or foreseeable. Except for us.
Not rubles — GOLD backed Rubles…..not the EU’s worthless euros.
It wouldn’t hurt the US so much if only we had text tile plants, manufacturing, and our own bloody energy sector producing. We can self sustain easy. But, we have to be stuck with a democrate a$$whole and his inbred of colleagues making our decisions. Maybe it really is time for red states to secede.
texitnow [DOT] org
tnm [DOT] me
This may be the single biggest turd Brandon drops on America’s carpet.
Let’s see how many holders of Rubles won’t take Deflating Dollars as payment.
Let’s see what USA importers will have to pay for Russian exports.
Let’s see if Russia requires Payment in Advance!
BlackKnightRides,
In this bankrupt world, my business model would be your Payment in Advance.
So what? The GDP of Texas is greater than the entire country of Russia so nothing they do will have a major impact in the long run. Even with China, India, and the Saudis on their side their aggregate impact on the world economy is tenuous compared to the United States and Europe who consume most of China’s goods.
Time is short for the Axis of Evil both foreign and domestic to affect their wicked designs before the 2024 Election when President Trump returns.
Except for that whole Russia supplies the EU with oil/gas [nearly 100% of Turkey’s], there are no realistic alternatives, and the sanctions were supposed to impoverish Russia, not enrich it at the expense of US.
So divert your attention and evade this predictable yet devastating development as you like. But highlighting non-dependent importers like the USA fails to change the facts on the ground.
That’s the EU’s problem, not the dollar’s. And without the EU and the US to CONSUME their crap, China would crash into oblivion.
This narrative that the dollar hegemony is anywhere close to ending is hilarious and the idea that those with vested interests in that not happening (most of the developed and wealthiest world) wouldn’t use their figuratively NUCLEAR powers to stop it is also hilarious.
But there is one good side to this if the axis of ultra-evil (versus our axis of lesser-evils) suddenly wins out against all odds: it won’t happen without an actual nuclear war and since I’ve always regretted they ended above-ground nuclear testing (and even below ground!) long before I got to see one, I might get a chance in that case. However, since I estimate that I live in the most targeted spot in the US of A, I’ll need a decent warning time to reach a safe observing distance.
What you’re saying about China is what they said about Russia.
Putin plays chess. JoeBlow plays Chinese Checkers
JoeBlow ain’t in charge. CONgress ain’t in charge. Central banks are.