Russia Demands More Payments In Rubles

Russia Demands More Payments in Rubles — The Death of Democracy and Capitalism — China Criticizes G7 — Flights Cancelled — Pilot Shortage — US Recession Imminent — Boris the Jolly Jester – [07-03-2022]

Austrian Peter

RUSSIA DEMANDS MORE PAYMENT IN RUBLES:  We are witnessing events of grand historical and economic significance.

Last week, Russia announced that wheat and sunflower sales will now be reserved for “friendly” nations who will have to pay with Rubles. As Russia is the biggest exporter of grains in the world, this will have a huge global impact. Just 3 months ago, they insisted that Western European purchasers for oil and gas make payments with Rubles. The EuroRuble is now inevitable and Ruble bank accounts must become commonplace.

Russia allowed those purchasers to open bank accounts with Gazprombank and pay with other currencies (except the US Dollar) but they also had to open Ruble denominated accounts at Gazprombank for exchange purposes. From now on, increasing amounts of Russian currency will be required for settlements of global trade.

The Russian currency has continued to appreciate strongly against the US Dollar, doubling in price since early March, just as BOOM predicted. Foreign exchange traders are waking up to the fact that this is not some temporary aberration.

Many nations and many corporations have reportedly opened accounts at Gazprombank to pay for their Russian commodities either in Rubles or in Euros. Such payments bypass the SWIFT interbank messaging system based in Brussels and dominated by the United States because they are conducted inside the internal ledger of Gazprombank with Euro (or Ruble) funds lodged beforehand as deposits. The Chinese and Indians will be watching these developments closely.

The decline of US Dollar dominance has begun. All the world now knows that the US recently confiscated the private property of the Russian nation and then of private Russian citizens. Such a move destroys trust in US Dollar denominated assets. This lack of respect for private property is the very antithesis of capitalism.

Recently, the US jailed Dr Simone Gold, the founder of America’s Frontline Doctors, again for daring to peacefully protest against the government. Then, the supposed defender of democracy, Volodymyr Zelensky in the Ukraine banned the major opposition party in Ukraine and confiscated their assets. A month ago, he arrested his second major political opponent.

So has Democracy become an inconvenience in the West? Is it now an obstruction to achieve and maintain power? What is meant by the term Western “values”?

THE DEATH OF DEMOCRACY AND CAPITALISM:  We are witnessing the death of democracy and capitalism in the “advanced” economies. The executioners are the idiot cabal of Western politicians and their unelected advisers who are currently in power.

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