UPDATE:
Oil for Rubles, Who Cares?
Case 1: To get rubles to buy oil, Europe sells Euros to Russia central bank. Europe immediately send the rubles it received straight back to Russia to pay for the the oil. Russia central bank accumulates euros.
Case 2: Russia sells oil for euros. Russia central bank accumulates the exact same number of Euros as in case number one.
The currency exchange takes place in seconds. Europe does not have to hold rubles to buy oil.
This is just more of the “oil priced in euros” stupidity. No one will have to hold rubles to buy Russian oil. Or gas. The Ruble does not become a reserve currency.
There is perhaps some small psychological impact, but there is no real impact unless Europe actually held ruble reserves, and here’s a hint: Europe wouldn’t.
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The Ruble Regains 100% Of Its Loss After Russia Invaded Ukraine, Why?
The Washington Post is second only to the New York Times for supporting the propaganda of the Deep State. So I did more checking since the majority of US Dollar vs the Russian Ruble charts do not show this recovery:
Putin expertly played the West: he exposed the US biolabs and Nazis in Ukraine while showing the world who controls energy, food and fertilizer. The next time the media explains how Russia is doing badly in Ukraine, do your own research and use critical thinking to understand what is happening. I will give you a hint: Biden is trying to start WWIII in order to hide his criminal actions.
David DeGerolamo
h/t Jim Stone
…and Bill Gates wants to depopulate the world because he could not get a date in high school.
h/t: Dr. Zev Zelenko
Could be a lot of truth there. Seems like the kids that got their ass kicked in school decided to study hard so they could be in a position to take revenge on the world later when they are in charge.
Not saying Putin is a ‘good’ man. I will say he presents as a nationalist who supports the Russian Orthodox Church, the family, and opposes ‘wokeness’ and the depravity the West is bathed in. Critical thinking is not so difficult as may be presumed. Example: Look at who opposes Putin; Soros, Schwab, Biden, etc. Then ask yourself is you want to be aligned with the evil they present. Enemy of my enemy …
Exactly correct, they are the evil ones.
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