This is just the typical establishment propaganda you’d expect from these people. European industry won’t be economically competitive without cheap Russian energy. As it is they are still getting Russian gas through intermediaries, jacking up its price. If NATO goes to war against Russia directly, Putin could pull back exports screwing Western economies further.
The bigger issue though is Russia is now accepting alternative payments outside the dollar, and Saudi Arabia is about to do the same thing. As the US petro-dollar crumbles, so will the value of the dollar. If you think inflation is bad now, well you haven’t seen nothing yet.
Thank you. I have been asking about this coming dedollarization and what it will be like. We stored food for six months.
Russia recently announced they will not use the dollar at all for anything.
The Empire may have gobbled up Europe for now, but what really matters geoeconomically, is how the absolute majority of the Global South is deciding to commit to the Russia/China-led block.
https://thecradle.co/article-view/20532/global-south-gold-backed-currencies-to-replace-the-us-dollar