The Demolition of Russia's Economy

UsualName said:
The Russians, at least the ones in the Moscow area, seem to think the situation is temporary. Don’t know how that is going to work out and I’m sure whatever pain they are feeling is being felt farther out from Moscow. But these things have a way of having a slow creep, sort of like boiling frog. One day it’s a week delay on your meds the next youre trading your microwave and blender for an auto part.
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Van_der_Voort_4 said:
Rublegas:’ the world’s new resource-based reserve currency

Rublegas is the commodity currency du jour and it isn’t nearly as complicated as NATO pretends. If Europe wants gas, all it needs to do is send its Euros to a Russian account inside Russia.

Saddam, Gaddafi, Iran, Venezuela – they all tried but couldn’t do it. But Russia is on a different level altogether.

The beauty of the game-changing, gas-for-rubles, geoeconomic jujitsu applied by Moscow is its stark simplicity.

That’s the essence of less-is-more sophistication. Gazprombank will sell the foreign currency – dollars or euros – deposited by their customers on the Moscow Stock Exchange and credit it to different accounts in rubles within Gazprombank.

What this means in practice is that foreign currency should be sent directly to Russia, and not accumulated in a foreign bank – where it can easily be held hostage, or frozen, for that matter.

All these transactions from now on should be transferred to a Russian jurisdiction – thus eliminating the risk of payments being interrupted or outright blocked.

https://thecradle.co/Article/columns/8638
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#GotGoldorRubles? Russia Just Broke the Back of the West
 
Van_der_Voort_4 said:

#GotGoldorRubles? Russia Just Broke the Back of the West
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Russia trying to dump rubles into gold is a good thing? Lol. Ok. That still doesn’t get Russia access to the western market/global market.

Russia is willing to overpay for gold and sell its oil at a discount and has propped up it’s currency with emergency measures but none of that will get them back into the western market. Russia has to create an alternative to the west, its that simple. Autos, heavy machinery, chemicals, medical supplies and medicines, it goes on and on.

Russia has a huge undertaking in front of it and blew through $40b in reserves last month and it’s just going to get more expensive. They probably can go 2-3 more months with what they have to build a new market until it all falls down.

Try to understand Russia can stock pile gold, rupees, and everything else but it won’t mean Jack if they can’t build a new market outside of the western alliance.

Look at what Russia is trying to do with India and you’ll understand the Russian situation better.
 
Russia, one of the worlds biggest producer of Gold, wants ...... more Gold. o_O

When what Putin needs is goods to put on the shelves to keep the natives from getting restless.

And oh BTW a competent military might help in the next invasion of hmmm Botswana or a similar country they might be capable of defeating.
 
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