Posted on 03/30/2022 2:58:25 PM PDT by delta7
The ruble has recouped most of its losses and become the top-performing currency globally. It continues to gain and is up 60 per cent against the US dollar from its lows in the first week of March.
The ruble appreciated to 83 to the dollar intraday on Tuesday against a record low of 139 on March 7. Thanks to the recent rally, the ruble is only about 10 per cent lower than what it was before the Russian invasion of Ukraine on February 24. The ruble was trading at around 76 before the invasion, according to the data from Bloomberg.
All the US will have to do is quit buying from China. It would
default like a house of cards.
They’ll be begging for the dollar back.
I have concerns about what you are addressing. Things
frequently look far worse than they wind up being.
We’ll see.
When Vlad cuts off the gas to Western Europe because they refuse to pay in Rubles, things will get very interesting, especially if this drags on into the fall of this year.
“Vlad won”
An assertion not in evidence.
This one will be a toss-up.
Liberal democracies don’t do well with inflation and shortages, especially food and energy shortages.
You make it sound like the USA could cut off China tomorrow.
Yes, they could but at what cost, it would economic Armageddon in China and the USA overnight if that happened.
In a matter of weeks, remove everything made in China from store shelves in the USA, you would have shortages of everything combined with hyperinflation.
We absolutely over time should move off of depending on China for nearly everything but to cut them off overnight like we did with Russia would be catastrophic.
“Liberal democracies don’t do well with inflation and shortages, especially food and energy shortages.”
ESPECIALLY over a backwater thugocracy where there is no apparent national interest.
Advantage Russia.
Outcome TBD.
If nations stop using the dollar for trade we will see the dollar crash, hyper inflation take hold, and the democraps blame republicans.
It was certainly fun being king of the hill, and to be honest, I didn’t think the US could survive Clinton, much less Obama. But we did. Oh well, the damage they did (along with the Bushes) has finally caught up with us.
But now the bill comes due...
Biden and Vlad both hate the USD. They both won.
The deplorable here in the US and in Ukraine and around the world are losing.
With all the money printing the Fed has done over the past two years it looks like our poor financial position is caused by ourselves.
Dead Russian Blue Cat Bounce.
Scholz MANNED UP and showed Pooty he would NEVER pay in roubles...
 |
Looks like it's Game, Set and Match for your "sanctions", ShizzPantz.
https://www.dw.com/en/germany-says-putin-agreed-to-keep-payments-for-gas-in-euros/a-61310461
Biden said the ruble had turned to rubble. Was Joe misinformed?
You forgot to mention the “for now” part of what Russia said.
Biden’s idiotic economic war, sold as punishing Putin, is hurting Americans.
Biden and other warmongering globalists need to stop messing with the free flow of fuel, fertilizer, food, and the financial and physical mechanisms necessary for their sale and transportation.
THIS IS YOUR GUY!
Blog/Conspiracy
Posted Feb 15, 2019 by Martin Armstrong
The two major myths that I get asked about all the time are the Rothschilds and whether pricing oil in yuan or euro will cause the dollar to collapse.
...
All these claims that the “petrodollar” is going to collapse are a total joke. Oil is less than 10% of world trade. These people are living in the ’70s. Hey, cut the hair and get rid of the bell bottoms. It’s 40+ years later! There is not even an attempt to offer a true honest analysis of the subject. Just look at the figures. The oil and gas drilling sector make up between 4.6% and 6.5% of the global economy. The FX market DAILY trading volume is about $5.3 trillion,which dwarfs the equities and futures markets no less oil and gold. Just look at the numbers.
While I am not sure “Vlad won” or not,
I am pretty darn sure we do not want to get into a financial war pitting a Fiat Dollar backed by the faith & trust of an untrustworthy regime against any Gold Backed currency from any country..
Especially with only the EU, New Zealand, Great Britain, Australia, Canada & Japan siding with the US sanctions.
Mexico and all of South America, Central America, Africa, The Mid-East, most of Asia, including China & India are not going along with Dimjo & The United States’ sanctions.
soars to 83 to the dollar
- - - - - - -
Before the war, on February 1, it was 76. So, it hasn’t recovered.
The article is misleasing.
exactly where is all of this ruble trading occurring? what exchanges?
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