iBankCoin

THE DEADLINE FOR RUSSIAN GAS FOR RUBLES LOOMS

Come Thursday all of Europe is expected to pay for their gas with Rubles, but they don’t want to. I don’t see why not. Russia has gas that they need to heat homes and power their electricity plants. I understand they want Russia to just die and they want to be able to steal their dollars and gold without retribution— but if they really want to do that and get away with it they’ll need to do several things. The first thing they’ll need to do is defeat the Russian army in Moscow and the second thing they’ll need to do is seize Russian oil and gas supplies by force. Anything short of that dictates they must adhere to Russian demands, or simply not buy Russian gas.

Germany is panicking over this and asking its citizens to stop using so much gas. Germany also banned any support of the Russian war in Ukraine and the letter Z. I’m not making this up.

As for sanctions and markets:

The Ruble is soaring against the dollar on a daily basis, in what might turn out to be the biggest FX short squeeze in history.

The Russian MOEX is +4.3% today, while the DAX is down 1.66%.

But Russia no longer has access to Disney.

Who’s really missing out here?

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3 comments

  1. itsgold

    If there’s a reason to plunge that part of the world into a war, this would be it.

    Trade embargo, censoring communications, financial sanctions, redefining borders, enlarging arms and military presence at an adversaries border. Just missing the last step at this point.

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  2. Orson

    Israel has a track record of removing targets with precision. Maybe, Zelensky should place a call?

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  3. indie

    Moscow got no LGTBQ. Those letters are not Cyrillic!

    Question is, why everything in Disney movies has to be sexualized?

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