Russia now demands gas be purchased in Rubles, not the US dollar

[SwizzLake]

WE DEMAND TO BE PAID IN GOLD!

Interesting enough...

"Gold sales are not specifically banned by the existing sanctions that are in place. The lawmakers who drafted the legislation are seeking to understand why the US Treasury appears to be reluctant to impose sanctions on Russia’s gold reserves…”

 

[ItsPeople]

Enjoying the fukkery

it’s fascinating how the U.S. and by extension the world is handling Russia with kid gloves as opposed to missiles.

they not on that “fukk around and find out time”

 

[ill]

Enjoying the fukkery

it’s fascinating how the U.S. and by extension the world is handling Russia with kid gloves as opposed to missiles.

they not on that “fukk around and find out time”

I would imagine it might just be because Russia has those same missiles pointed at major European cities?


Using rubles for contract settlement doesnt mean they are trying to make the ruble a reserve currency. They're basically just forcing anyone buying their oil to backstop their currency thus its not going to lose much more value due to sanctions. Timing is not in Russia's favor. The cold ass winter is almost over so the high demand for gas/oil is no where near its peak. IF this shyt lasts into next winter, EU will have to replace Russian production or Russia will have an enormous amount of leverage while EU freezes.

 

[☑︎#VoteDemocrat]

Russia about to test the gold standard?!

 

[SwizzLake]

Russia about to test the gold standard?!

A currency backed by commodities is more reliable than simply backed by “promise to pay”.

Gold standard is the next move. If Russia does this, the Chinese follow.

Will the US have enough to cover their 30+ trillion $$ in debt?

 

[ItsPeople]

I would imagine it might just be because Russia has those same missiles pointed at major European cities?


Using rubles for contract settlement doesnt mean they are trying to make the ruble a reserve currency. They're basically just forcing anyone buying their oil to backstop their currency thus its not going to lose much more value due to sanctions. Timing is not in Russia's favor. The cold ass winter is almost over so the high demand for gas/oil is no where near its peak. IF this shyt lasts into next winter, EU will have to replace Russian production or Russia will have an enormous amount of leverage while EU freezes.

 

[88m3]

Russia about to test the gold standard?!

Russia should do what Erdogan did

 

[phcitywarrior]

A currency backed by commodities is more reliable than simply backed by “promise to pay”.

Gold standard is the next move. If Russia does this, the Chinese follow.

Will the US have enough to cover their 30+ trillion $$ in debt?

This is very key. The US weaponizing the USD and other country’s foreign reserves is a big double edged sword. The de-dollarization just got a battery pack boost after these actions.

Will be very interesting to see how this plays out.

 

[88m3]

This is very key. The US weaponizing the USD and other country’s foreign reserves is a big double edged sword. The de-dollarization just got a battery pack boost after these actions.

Will be very interesting to see how this plays out.

we've heard that for decades

 

[phcitywarrior]

we've heard that for decades

That is true, but the recent sanctions are unprecedented.

The conditions from back then are not the same as today. Decades ago the US national debt was not $30T, times are different. The US is a falling share of global GDP.

Decades ago China was not the economic giant it is today.

These are the realities of today, even Biden said there will be a new world order that will soon form. Power dynamics are changing globally and prior assumptions will be reviewed (Military alliances, methods of payment etc).

 

[88m3]

That is true, but the recent sanctions are unprecedented.

The conditions from back then are not the same as today. Decades ago the US national debt was not $30T, times are different. The US is a falling share of global GDP.

Decades ago China was not the economic giant it is today.

These are the realities of today, even Biden said there will be a new world order that will soon form. Power dynamics are changing globally and prior assumptions will be reviewed (Military alliances, methods of payment etc).

The sanctions are warranted

US national debt is irrelevant

China is irrelevant

 

[Broke Wave]

I would imagine it might just be because Russia has those same missiles pointed at major European cities?


Using rubles for contract settlement doesnt mean they are trying to make the ruble a reserve currency. They're basically just forcing anyone buying their oil to backstop their currency thus its not going to lose much more value due to sanctions. Timing is not in Russia's favor. The cold ass winter is almost over so the high demand for gas/oil is no where near its peak. IF this shyt lasts into next winter, EU will have to replace Russian production or Russia will have an enormous amount of leverage while EU freezes.

It’s better now actually that it’s hot in winter. It’s better for the Russians I mean not the Europeans.

If the threat of looming price rises on innocent European people was more front and Center, there might be more political will to escalate this conflict on the NATO end. Russia doesn’t seem interested in punishing the West back for sanctions. They would today sell their oil to the US if the US would take it. Their end game here is to actually attack the power itself of the European leaders by threatening their own legitimacy. How can Johnson or Macron justify bankrupting their citizens for a policy that most people could care less about? The reason why the Cold War was popular was there was really no sacrifice needed in the West by the citizenry at large. Now an ideological conflict with Russia hurts regular people and threatens the liberal democratic institutions from the inside… that’s why I’ve been posting Tucker he understands this from the pro US imperialism perspective. This is actually a smart move from Putin overall but let the band play.

 

[SwizzLake]

That is true, but the recent sanctions are unprecedented.

The conditions from back then are not the same as today. Decades ago the US national debt was not $30T, times are different. The US is a falling share of global GDP.

Decades ago China was not the economic giant it is today.

These are the realities of today, even Biden said there will be a new world order that will soon form. Power dynamics are changing globally and prior assumptions will be reviewed (Military alliances, methods of payment etc).

We all know what happened to Gaddafi after trying to replace petro-dollar with Gold.

Last week the BRICS (Brazil, Russia, India, China and South Africa) agreed that they'll use their currencies for trade without the US dollar.

 

[Carl Tethers]

It’s better now actually that it’s hot in winter. It’s better for the Russians I mean not the Europeans.

If the threat of looming price rises on innocent European people was more front and Center, there might be more political will to escalate this conflict on the NATO end. Russia doesn’t seem interested in punishing the West back for sanctions. They would today sell their oil to the US if the US would take it. Their end game here is to actually attack the power itself of the European leaders by threatening their own legitimacy. How can Johnson or Macron justify bankrupting their citizens for a policy that most people could care less about? The reason why the Cold War was popular was there was really no sacrifice needed in the West by the citizenry at large. Now an ideological conflict with Russia hurts regular people and threatens the liberal democratic institutions from the inside… that’s why I’ve been posting Tucker he understands this from the pro US imperialism perspective. This is actually a smart move from Putin overall but let the band play.

We'll see

 

[phcitywarrior]

US national debt is irrelevant

China is irrelevant

If you say so breh.

China is irrelevant but the US was threatening sanctions if they allowed Russia use their financial systems to by pass the sanctions.

US debt doesn’t matter but with increased rate hikes the amount needed to service that debt increases. Either taxes rises or spending cuts, but that is also irrelevant.

I really have no dog in this fight, just calling it as it is