From Daily Reckoning via Western Rifle Shooters
"When the U.S. imposed sanctions on Russian banks, the value of
the ruble collapsed. Still, oil and natural gas exports from Russia were
allowed because Europe is dependent on them and the world is facing an energy
shortage independent of the war in Ukraine.
"Oil and natural gas are paid for in dollars. In a masterpiece of
judo, Putin is now demanding that Russian oil and natural gas bought by states
imposing sanctions be paid for in rubles. This mystified many. If Russia needs
dollars (they do), why be paid in rubles?
"The answer is that the only way for Europe to get rubles quickly
is to buy them from the Central Bank of Russia using dollars. Under Putin’s
plan, Russia still gets the dollars, still sells oil and natural gas but he has
the added benefit of making rubles stronger because Europe has to buy them to pay
for the energy exports."
https://dailyreckoning.com/rickards-ive-never-heard-so-many-lies/
The article
is a good read. Believe, don’t believe, look for more information … So much
information is running around, and the normal human mind can absorb only so
much. And after a dozen or fifteen stories, the absorption capacity is about
done. So, read funny stuff or science fiction. The better world that awaits
could be in your head.
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