Posted on 03/29/2022 5:34:56 AM PDT by JonPreston
The U.S. dollar was plunging against the Russian ruble as Russia and Ukraine negotiators completed a round of talks in Turkey. The dollar USDRUB, -11.05% fetched 85.13 rubles, down from 95 rubles, as reports from Russian news wires suggested some progress in the negotiations. U.S. stock futures
(Excerpt) Read more at marketwatch.com ...
The economic war deepens
It plunged before talks.
This has everything to do with the gold ruble.
because Germany is going to start buying roubles to pay for gas?
“because Germany is going to start buying roubles to pay for gas?”
Or gold, their choice. Checkmate.
Re: Gold Ruble...
Would love Freeper opinions on this:
https://tomluongo.me/2022/03/28/got-gold-rubles-russia-just-broke-the-back-of-the-west/
So the ruble falls off a cliff, and then when it starts coming back up it is the dollar that is plunging? That’s like claiming the cliff is plunging after a body makes a dead cat bounce at the bottom after falling off. What an idiotic headline.
Not just Germany...any country following Biden's sanction policy.
“Russia and Ukraine negotiators completed a round of talks in Turkey.....”
Which just might be faked by the Rooskies to buy them more time. The Ukrainians are aware of this.
I saw a video depicting and actually showing Russian gold reserves.
Russia has literally tons of gold that can be used in foreign exchange as necessary in a real bind. Putin has been diligently working to enlarge the gold reserves anticipating just such a situation as the one now upon him
The Russians are using Roubles and allowing trade in Yuan from China. China is rotating in companies into Russia that already have western sanctions against them or have minimal Western exposure, specifically PLA owned companies.
Another thing is that China is having serious port issues right now due to “Covid”. So any tarrif lift isn’t going to have an effect anytime soon. It also doesn’t go far enough as many of the tariffs remain in place.
Finally it appears that this will end by the end of summer, so Europe will crawl back to Putin’s energy pipeline before winter.
Traders are betting that something will be worked out. December crude oil traded as low as $85. So much for the fear porn that it would be $200 by then.
Devaluing the dollar is inflation to those in the US that use it.
Yet another tax on the people.
Economics 101
The rouble is rising due to nations and corporations needing to buy roubles on the world markets. To pay for the Russian gas and oil they are buying. Not a big deal. The US Dollar will remain the world’s #1 reserve currency. When the CCP tries to dethrone The US Dollar, then we will have problems.
If the ruble is not freely convertible for gold, then those reserves dont mean much. And if they are, there goes the gold reserves. Why Nixon closed the dollar gold window in the 70’s because countries were actually using it.
Hope them oil traders are hedged well and ready to dump instantly. Fake Russian negotiations = Oil will zoom back up. The oil peak was spot $123/// 4 weeks ago.
Right. At 5000 rubles per gram of gold (Russian central bank peg), that works out to .0138 per dollar, right at the same weak level the ruble was at prior to the war.
Well, the gold can be sold for Euros
When the CCP tries to dethrone The US Dollar, then we will have problems.
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If the Chinese don’t, U.S. politicians will kill the dollar.
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