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.
The initial shock and awe worked - it got UKR to the negotiating table. Up until then they were (under NATO direction) ignoring Russia’s calls for negotiations.
The post shock-and-awe meetings produced an agreed framework for a ceasefire and security agreement for UKR.
NATO torpedoed that deal. NATO decided it would rather have thousands of Ukrainians die for GLOBOHOMO rather than talk to Russia about a ceasefire and long-term security arrangement.
Actually people are mocking the weakening of the USD as other nations shift away from it. It’s not a sign of Russian weakness that they are paying China in Chinese currency, it’s a sign of US weakness as they lose control and influence globally.
It’s been fun watching Washington elites and globalists try to spin every piece of bad news they face. :-)
*****************************
Exactly.
The plethora of sanctions this country is trying to implement globally to punish Russia, are bad for supply chains, bad for businesses, and bad for consumers.
My expectations in the short term is they’ll double down on stupid.
Facts? You post facts??
Zeepers don’t need no facts.
The headline with high impact words is all it takes to make a Zeeper’s feet dance with joy.
The ruble is down 45% in 18 months and Russia’s economy is 1 1/2 New Yorks.
US is $35,000,000,000,000 in debt-
they invented the Euro, bitcoins etc....
The dollar has gone fr 75% to 65% of all global commerce since leaving the gold standard.
It’s fun watching the 31,250th death of the dollar while it’s still the unparalleled world standard bearer with not even a remote threat in existence.
Um, I don’t think TAKING payments in another country’s currency is as bad as being forced to MAKE payments in another currency because yours is not accepted. I think I will wait and see if more information turns up.
A sampling spanning more than a year. Same messages, same formate, same moneitzation and fund raising....
RUSSIAN Ruble Collapse Panic Continues - Russia Increases CAPITAL CONTROLS on Sale of Western Assets Nov 4, 2023From YouTube's standard "About" information:RUSSIAN Ruble Collapse Panic Continues as Russia DOUBLES Interest Rates to 15% Oct 29, 2023
RUSSIAN Ruble Collapse is Devastating Russian Economy as Costs & Inflation Rise and Income Falls Oct 20, 2023
RUSSIAN Ruble Collapses to Record Low as Economy Crashes Oct 6, 2023
RUSSIAN Economy Starts to Collapse as Fuel Shortages & Price Rises Cause Chaos in Russia Sep 29, 2023
RUSSIAN Collapse Accelerates as Gas Sales Evaporate & Huge Discounts on Gas Given to China Sep 22, 2023
RUSSIAN Ruble COLLAPSE Continues Against US Dollar, Euro, Yuan & Rupee as Russian Economy Crashes Sep 4, 2023
RUSSIA Shoots Itself in the Foot - Interest Rate Hike will Reduce GDP & Push Russia into Recession Aug 22, 2023
RUSSIAN Ruble COLLAPSES Below 100 Against US Dollar, Euro, Yuan & Rupee as Russian Economy Crashes Aug 14, 2023
RUSSIA - Disaster for Economy as Ukraine War Causes Mass Exodus & Reduction in Number of StudentsJul 30, 2023
RUSSIAN Ruble Meltdown v US Dollar, Euro, Chinese Yuan & Rupee as Russian Economic Slump Deepens Jul 6, 2023
RUSSIAN Ruble CRASHING v US Dollar, Yuan & Rupee as Russian Economy Slumps & No Ruble Trade Deals Jun 15, 2023
RUSSIAN Disaster as Current Account Falls 73%, Oil & Gas Income Down 45% & Economy Loses $29BN in Q1 May 7, 2023
RUSSIAN Cash Crisis - Ruble CRASHING Against US Dollar, Yuan & Rupee as Russian Economy Slumps Apr 20, 2023
RUSSIA Sanctions are Having Devastating Impact on Russian Economy as Bans & Price Cap Slash RevenueFeb 20, 2023
RUSSIAN Economy COLLAPSES to Worst Deficit in Russian History as Revenues Crash & Costs Soar in JanFeb 9, 2023
Russia - 2022 Ruined by War in Ukraine - Will 2023 Be Better? 2022 Review & 2023 ForecastJan 1, 2023>/B>
Russian Oil Disaster - No Ships to Transport Oil to China & India as European Ban & Price Cap Loom Nov 24, 2022
RUSSIA - Oil Price Cap Will DESTROY Russian Oil Revenue & Economy WITHOUT Affecting Global Oil Price Oct 30, 2022
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“I thought the ruble was going to be the next reserve currency?”
Likely so, as it’s holding up just about EXACTLY where it was when the Liberation of Ukraine began.
““Joe Blogs” - LOLOL!!!”
I still think it’s an AI animation...never seen this clown until he started blasting Russia, and likely will never see him again when the Liberation of Ukraine is completed.
“Russher is clapsing again”
...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...and again...
Baloney.
+100
Great analysis!
The interesting data that’s in the vid but ol’ Joe doesn’t comment on it is that Urals crude has tanked - now it’s down to $61.24. :-)
https://oilprice.com/oil-price-charts/
I wonder what the Chinese are really paying for it at present...
Right now WTI is $20 higher than Urals crude. Last July the gap was only $15. Pootin is having trouble unloading his Ural’s crude?
Actually, Joe Blogs does plenty of other vids about many other countries (when did he do one about Ukraine “winning”? - I musta’ missed that), and generally they are all going to have a title about “collapse” or similar exaggerations — that’s just the silly You Tube game of how to get clicks. Pro Russian, Chinese, Indian, Iranian, you-name-it YT bloggers are just as bad.
HOWEVER, ol’ Joe DOES sometimes present interesting data and his sources are usually government or industry sources. Sure, it’s not “collapse”, but Pooty can’t possibly be happy about the ruble until it gets back to at least 0.115 or so, and stays there, he can’t be happy about China and India only wanting to pay in their own yuan and rupees, and he surely can’t be happy about Urals crude back below ~$63 again. (And all are related problems...)
Typo : 0.115 should be 0.015.
It could be higher shipping costs getting into the equation, also. But my guess (guess) is that this currencies kerfuffle may be significant...
It will be interesting to see if the attacks on the railways to China have further effect, even if indirectly.
BTW, people need to look at at least the 5 yr trend of the ruble, instead of cherry picking particular dates. Moreover, it’s the moves Russia has had to make to try to prop up the ruble that are likely more important than its absolute level.
If nothing else, this is easy to find:
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