Russia takes only rubles for gas, links ruble to gold

Posted by bubah1mau 3 years, 1 month ago to Economics
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Is the petrodollar doomed? I didn't see anything about digital/crypto currencies in this article--only rubles and linkage of rubles to plain old gold. Now, when Europe buys gas (and possibly oil very soon) from Russia, it appears they will be propping up the price of gold

If other gas/oil producers follow Putin's lead, the days of COMEX paper manipulation of commodity markets will be doomed. Oil/gas consumers may be scurrying to buy physical gold and/or currencies other than dollars, to settle their international accounts.


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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    That's why the left called themselves Politically Correct. It's a sneaky lie to say Democrat thinking is the correct way to think, without saying it. Liberals are fun to play with. Play dumb, and ask, what is P.C.? After they insult you for not knowing, and you persist, see how they explain it. It is amazing to watch the artful twists and turns they go through to describe the leftist platform without identifying it as such.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    In that case, the action becomes a war of Executive Orders and the whole Judiciary ingesting/egesting them. Congress sits it out while the courts and the president rule America.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    The Left and the Deep State have 12 insurance policies and 12 more fake scandals all ready to go if Trump runs and wins. It will be another 4 years of pre-planned insanity. Unless they've got the voting fixed, which means one party rule, why not fix the vote forever, if you can do it once? Then it's a dictatorship.
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  • Posted by freedomforall 3 years, 1 month ago in reply to this comment.
    Basically, yes. Supply and demand.
    I wonder what stops the west from using technology to counterfeit rubles in response to Putin's actions.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    Im not really up to speed on how currencies work, but it sounds like the currency that is the reserve currency can print up a lot of its currency that doesnt wind up causing inflation so long as people keep using that currency and it stays in circulation. Is that how it works? Once people outside the country dont need the US dollars any more to keep buying more stuff, the dollars come back to the USA and wind up as inflation>
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    You got it. WE are the racist deplorables. That comment that Hillary made was influential in her election loss for sure.
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  • Posted by bsudell 3 years, 1 month ago in reply to this comment.
    He is just in their way. They still consider him a loser, especially compared to them. He just a nuisance. They really hate America and Americans. They want to destroy us. Trump was just in the way. They hate our country and our freedom, and they intend to destroy both. Americans better wake up and start to fight these monsters.
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  • Posted by $ blarman 3 years, 1 month ago in reply to this comment.
    That's one of the primary characteristics of evil - it is inherently self-destructive and its adherents have to lie to themselves that they will be excepted from the carnage. It's the same reason that the establishment media's support for communism is so antithetical.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    consider the left as the ENEMY. best not think of them as weaker. Look at what they did in the last election with the phony votes. They converted their hatred of Trump into a way to put in a totaly worthless presidental candidate. They are smart and resourceful. They will try new thing this time for sure. They HATE Trump and would stand in his way any way they could. The only way he did win in 2016 was that they considered him a loser and ignored him. They wont make that mistake this time.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    I would vote for Trump, but if he wins, the left will file impeachment articles the day he is inaugurated- for something. If they dont get him in jail even before he takes office
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  • Posted by bsudell 3 years, 1 month ago in reply to this comment.
    Let's go for it -- Republican (not RINO) house & senate, and Trump back as President.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    Maybe we should hope for a repub senate and house, and kackling kamala as president. Talk about a statemate !!!
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    I would go for a stalemate also. What that boils down to is that no one's ox gets gored. No taking from one to give to another
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  • Posted by bsudell 3 years, 1 month ago in reply to this comment.
    I hope you are right, but I don't see them slowing down. They think this is their "time" the time for communism, the time for them to take over. I love the Kamala problem; even the Democrats wouldn't vote for her to be in the White House. She couldn't get any votes and had to drop out. Great stuff.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    He should say that we are refusing to trade with Russia as we would have refused to trade with Hitler- for our own safety.

    Biden is an idiot. We ARE at war with Russia and have been for a lot of years now. Nuclear is not the only way war can be fought today. Each world war is fought differently. This one will be with things like EMP, Cyber warfare, and things which will weaken the enemy and encourage surrender. I even think the Russians could send over a trial balloon nuclear EMP or standard weapon just like WE did to Japan to encourage their surrender. Putin is one smart cookie and I wouldnt put much past him.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    What I pray for in politics is a stalemate with a minimally possible amount of status quo corruption.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    one I certainly dont like at all, and discrimminate against it without reservation
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    I classify myself as a culturist. Much more important than skin color or genetic makeup in terms of behavior. There are cultures I feel comfortable with, but the current BLACK ENTITLED
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    What was his quote? Something like, "Today, I have announced sanctions that STRIKE AT THE ARTERY OF THE RUSSIAN ECONOMY." That is a declaration of War. Idiots think we're not at war with Russia. We're just helping the Ukrainians. Oh no! We are most definitely at War with Russia.
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