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‘Rublegas:’ the world’s new resource-based reserve currency — Pepe Escobar

Summary:
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.…The effect is twofold (at least):This arrangement avoids sanctions.Payment is rubles supports the exchange rate of the RUB.The Cradle‘Rublegas:’ the world’s new resource-based reserve currencyPepe Escobarhttps://thecradle.co/Article/columns/8638See alsoTom Luongo parses this more deeply from his Austrian economics Libertarian viewpoint.(The Central Bank of Russia will purchase gold from domestic banks, who purchase it from miners, at a fixed rate, initially 5000 rubles per gram. I believe it was Sergei Glazyev that came up with the ruble-gold fixed rate scheme.)Gold Goats N" Guns#GotGoldorRubles?

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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.…
The effect is twofold (at least):
  • This arrangement avoids sanctions.
  • Payment is rubles supports the exchange rate of the RUB.
The Cradle
‘Rublegas:’ the world’s new resource-based reserve currency
Pepe Escobar
https://thecradle.co/Article/columns/8638

See also

Tom Luongo parses this more deeply from his Austrian economics Libertarian viewpoint.

(The Central Bank of Russia will purchase gold from domestic banks, who purchase it from miners, at a fixed rate, initially 5000 rubles per gram. I believe it was Sergei Glazyev that came up with the ruble-gold fixed rate scheme.)

Gold Goats N" Guns

Tom Luongo
https://tomluongo.me/2022/03/28/got-gold-rubles-russia-just-broke-the-back-of-the-west/



Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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