iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
22,162 Blog Posts

EUROPE DOESN’T WANT TO PAY IN RUBLES — CITES CONTRACT LAW

Russia is at war with a nation and the west is supporting that nation to wage war and kill Russians. The west seizes all of Russia’s FX reserves, even $100b in gold, and then balk at the idea of Russia demanding payment for gas in Rubles.

What sort of hubris is this?

GERMAN ECONOMY MINISTER HABECK: PAYING FOR GAS IN RUBLES WOULD BREAK CONTRACTS
ITALY NOT INCLINED TO PAY RUBLES FOR RUSSIA GAS: DRAGHI ADVISER
ITALY ECON ADVISER: PAYMENT IN RUBLES WAY TO EXCAPE SANCTIONS

Do they believe Russia should just lay down and roll over — starve to death, permit NATO to takeover Moscow and subjugate their people with CRT classes and gender identity freedoms?

 

Markets are beginning to sour, but nearly reflective of the potential dangers of having the petrol-dollar destroyed. While it’s true, Europe is making arrangements for alternative sources of gas for 2023 — it’s also true they cannot import all of that LNG without incurring immense expenses. One could argue the people of Europe are suffering more than Russians — who now have to deal with the pangs of toxic western culture removed from their airwaves and shopping malls.

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12 comments

  1. juice

    Indeed. Nothing but insanity coming out of our so-called leaders. They are doing everything to make matters worse.

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  2. jacked rabbit

    “Do they believe Russia should just lay down and roll over…”

    Or Russia can back the fuck out…

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    • roguewave

      Jim stated sanctions are permanent.
      Therefore there is no benefit to back out; only downside as all leverage would be lost.

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  3. metalleg

    Russia should demand payment in gold or Dogecoin.

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  4. purdy

    If you folks would like a glimpse of how the world works …check out the grayzone interview with Scott Ritter …happening now ….but watch from the beginning.

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  5. purdy

    If you folks would like a glimpse of how the world works …check out the grayzone interview with XXXXXXX …happening now ….but watch from the beginning

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  6. purdy

    Interesting …when I put in the name of the person they’re interviewing, it came up “Your comment is awaiting moderation.”

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  7. indie

    JFC… hubris?!

    Get the lube out, bend over and let the russians bring you joy.

    I understand you got russian investors in your business endeavours but come on. This is ridiculous.

    Anyway, i’ll be over here eating my freedom fries…

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  8. indie

    petro-dollar is false. Trivial.
    it’s pax americana dollar.
    And that is why gold and BTC are minuscule compared to the strength of the mighty USD.

    Maybe that’s why you don’t realize the luck, the shear luck you all have to be part of this economic dome.

    #gratitude
    #Loveyourneighbour

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    • Mr. Cain Thaler

      It wasn’t luck…it was skill, hard work and integrity, and our government threw all three out the window. We didn’t even seize Germany’s gold after they attacked our mercantile fleet leading into WW1 nor when we declared war on them in WW2.

      So yes, the dollar’s glory days are coming to a close.

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  9. roguewave

    Laughable. Is seizing sundry assets contract law? I think not.
    Don’t like rubles; no problem, pay in gold.
    No payment; no petrol.
    Have fun being cold and broke.

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