Posted on 03/23/2022 7:47:44 AM PDT by Oldeconomybuyer
There’s global warming + 2 Iowa senators who won’t let it happen.
Biden will just have to call for elimination of college loans up to $50k. Unrelated but how do you compete with that?
The benefits of climate change hysteria and leftist green-energy social engineering just continue to add up....
My bad wrong post.
So now when the ruble weakens futher, the unfriendly countries will have to pay less. What financial idiot. “No, don’t throw us in the ruble patch.”
Why would Russia want rubles? Suspect this is a scheme that purchasers of Russian oil and gas must “purchase” rubles from Russian banks at some fixed ridiculous rate in order to receive the oil and gas. In the near term the Europeans will either allow themselves to be gouged or freeze and allow their economies to grind down.
Actually, I found your post to be amazingly relevant! How better for Biden to distract and divert from the problem at hand than by launching a test balloon like that?
Pure genius!
Regards,
Great job Biden
The problem with that theory is most unfriendly countries don’t have or don’t have enough rubles to pay Russia, they will have to acquire them.
Probably No Country trades with Russia using Rubles, so they are going to have to find some way to acquire them, by using Euros for example and exchange them for Rubles, I’m not sure who that would be.
Also all this nonsense make smuggling of Russian oil, gas and fertilizer extremely lucrative. Suspect Putin has some old KGB buddies who are well experienced and adept at smuggling. No doubt Putin is getting his cut.
Food prices are going to also be impacted as Russia, a major supplier, holds back it’s more of it’s wheat for it’s own use. Ukraine is doing much the same with it’s wheat.
the same reason every country wants it’s own National Currency, if you are Russian and don’t want to hold Ruples, what good is the currency for anything, I don’t in Moscow they will start taking USD or Euros for Russians to use on a daily basis.
The problem with that theory is most unfriendly countries don’t have or don’t have enough rubles to pay Russia, they will have to acquire them.
money makes business very liquid but impersonal.
Bartering is a relationship. we should all be improving our bartering skills.
Hahaha, rubles are worthless, give them as much as you can, lololol
Trump predicted this problem. He told European, especially NATO countries, to get off of Russian petroleum products and to start investing in their military. Trump plan would have protected the world from Putin and his advances. Biden got 81 million votes to progress the green agenda, and now we have big problems and maybe the beginning of WWIII. What a disaster that could have been avoided.
By the way anyone who believes in the Global Warming, I got to vote for Biden, I have two questions: 1) Why do US pipelines and US petroleum/gas production produce more CO2 than the same events that Putin profits from? 2) Why do you believe that war is more environmentally (especially Nuclear conflict) friendly than the US producing oil and gas until more advanced power systems
can become dominant?
Can’t wait to hear the answer to those questions...
The truth is that Ruble is trading on Forex maybe about 2% below the pre-Ukraine thing right now, whereas in Moscow it is artificially lower, because the Russian centbank hiked rate and don’t want to look stupid.
I expect Ruble to appreciate to Dollar even without this move.
Reasons, are that Russia enjoyed a hefty positive trade balance before the crisis, and now it greatly skyrocketed. That’s due to the growing commodity prices and higher demand on weapons in combination with the exodus of foreign businesses for Russia. They get significantly more money right now, and most of them stay in Russia to be spent on Russian products.
India and EAES are trading in Rubles, others can easily buy them on the exchange.
First, The US government launches economic war against Russia by cutting off access to their own money held in US and US-controlled banks.
Next, China and Saudi/UAE discuss pricing oil exports in Chinese yuan, while the latter refuse to speak with Biden.
Now Russia demands payment in rubles for its energy exports.
These are enormous cracks in the structure of the US dollar as world’s reserve currency, which is largely based upon its utility as the petrodollar.
‘’An understandable and transparent procedure of making payments should be created for (all foreign buyers), including acquiring Russian roubles on our domestic currency market,” Putin said.
———
I believe India ia already doing this with oil and gas. China will follow, but we have to watch Saudi Arabia and the upcoming State visit by XI of China. If they go petro-yuan that is huge.
Time to come to grips that 30% of world populace in just three countries are moving on and this is not the 1980s
I get what you’re saying... LOL
Have you ever seen the movie Idiocracy?
The world really has become like that!
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