Quote:
Originally Posted by indes
I doubt this is a bluff. This might have been the plan from the start for the Eastern Bloc to get out from under the US dollar without having to go to war with them.
Russia is stockpiling gold and energy. Once Russia, China, India and other countries increase trading outside of the USD it will accelerate it's collapse. The petro dollar will have failed and the US will be extremely weakened.
The Ruble has bounced back vs the USD already. If anyone is bluffing it's the EU about not buying Russian energy in Roubles or gold. They won't have a choice at some point.
https://www.news.com.au/finance/econ...c355cb37a1d619
https://youtu.be/xguam0TKMw8 |
The Russian imposed strict capital controls and hiked interest rates to 20%. Russia is extremely dependent on imports of goods and services that aren't easily replaceable such as complex machinery and oilfield service.