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?
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
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?
Topics:
Mike Norman considers the following as important:
This could be interesting, too:
Matias Vernengo writes Elon Musk (& Vivek Ramaswamy) on hardship, because he knows so much about it
Lars Pålsson Syll writes Klas Eklunds ‘Vår ekonomi’ — lärobok med stora brister
New Economics Foundation writes We need more than a tax on the super rich to deliver climate and economic justice
Robert Vienneau writes Profits Not Explained By Merit, Increased Risk, Increased Ability To Compete, Etc.
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/