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 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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Mike Norman considers the following as important:
This could be interesting, too:
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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
‘Rublegas:’ the world’s new resource-based reserve currency
Pepe Escobar
https://thecradle.co/Article/columns/8638
See also
(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? Russia Just Broke the Back of the West (28 Mar 2022)
Tom Luongo
https://tomluongo.me/2022/03/28/got-gold-rubles-russia-just-broke-the-back-of-the-west/