Wednesday, March 30, 2022

while 'our free press' hasn't covered this from what i can discover i think its a big move by putin and soon could show up in what the dollar does or doesn't; 


Russia has just made some moves that are going to change the global financial system forever.  When the conflict in Ukraine originally erupted, the U.S. immediately attempted to crash the value of Russia’s currency.  Those attempts were successful for a few days, but now the value of the ruble relative to the U.S. dollar is almost all the way back to where it was before the start of the war.  This has absolutely stunned many of the experts, because they thought that U.S. sanctions would absolutely cripple Russia.  So what happened?  Well, it turns out that the Russians have made some very savvy moves that have turned the tables on the Biden administration.

For one thing, Russia has started to demand payment in rubles when it sells natural gas to non-friendly nations.  A lot of countries in western Europe are quite upset about this, but they really have no choice, because they are exceedingly dependent on Russian gas.  So from this point forward, western powers are actually going to be forced to help prop up the value of the ruble

Russia wants “unfriendly countries” to pay for Russian natural gas in rubles. That’s a new directive from President Vladimir Putin as he attempts to leverage his country’s in-demand resources to counter a barrage of Western sanctions.

“I have decided to implement … a series of measures to switch payments — we’ll start with that — for our natural gas supplies to so-called unfriendly countries into Russian rubles,” Putin said in a televised government meeting, adding that trust in the dollar and euro had been “compromised” by the West’s seizure of Russian assets.......read more.......

No comments:

Post a Comment