Posted on 11/30/2023 10:58:36 AM PST by dennisw
https://www.youtube.com/watch?v=MFqMDKUDdsg
Chinese Yuan & Indian Rupees are just about unusable in world markets. While US dollars and Euros are highly usable. Russia is selling lots of oil, but is rarely paid in Euros or US Dollars for it. Rarely, as in only 10% of Russia's oil and gas sales, does Russia get paid in Euros and US dollars.
I thought the ruble was going to be the next reserve currency?
Awwww…what a shame.
The walls have been closing in on Russia the way they’re closing in on Donald Trump. Only two weeks away from the big collapse/jailing!
“Joe Blogs” - LOLOL!!!
Russher is clapsing again.
The Yuan is the next reserve currency and Russia is moving in that direction.
How to twist people giving up the US dollar for the yuan is illustrated by this propaganda piece.
It’s fallen from its peak losses in late Sept, but it’s still far weaker than it used to be.
Joe Blogs is just some clown propagandist for the deep state globalists. All of his videos are Russia is about to collapse, China is about to collapse, Ukraine is winning, blah blah blah. He’s never right about anything.
This article is nonsense. The ruble is higher now than it was in October https://www.xe.com/currencycharts/?from=RUB&to=USD&view=1Y
“I thought the ruble was going to be the next reserve currency?”
Some months ago the Putin fanbois were also insisting that the ruble was also “backed by gold” yet they were utterly confused about the concept of redeeming a ruble for gold as opposed to buying gold with the ruble.
Since then I’ve noticed that no one is pushing that narrative anymore.
Who activated the Dimwit?
This reserve currency battle (BRICS vs Dollar) is the real reason Russia invaded Ukraine. Their strategy at the time was to gain control of Ukraine’s energy and then use that to blackmail the EU to stay out of the China vs Taiwan up coming conflict.
However, the shock and awe campaign to take over Ukraine failed. The US and NATO were able to drag out the conflict and make it FAR more expensive in man and material that Russia thought it would be. That long term approach is now pushing on the Ruble, hurting the Russian economy.
This has allowed US and NATO to reactivate some of their defense production and now it works to jeopardize the success of China vs Taiwan. That is why China has delayed their attack.
and oil/natgas prices are lower which lessens demand for rubles.
His hiking rates seems to have stopped the ruble decline-now it looks like he waited too long to do it.
It will be interesting to see what happens esp if Europe has a mild winter.
The ruble clapsed on the Severomuysky Tunnel - masterminds Blow Jogs and his Natasha, Isabel van Poutin, were behind the nefarious plot.
Closer to the Channel, Paris has highs in the mid-50s, lows in the mid 40s. London has highs in the mid-40s, lows in the high 30s.
It's been fun watching Washington elites and globalists try to spin every piece of bad news they face. :-)
As if they needed permission?
No, NATO's effort to steamroll Russia going back to 2008 and earlier was not some kind of weird cover to bulk up military spending to defend Taiwan or a Chinese stratagem to attack it. Good grief.
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