you want our stuff, you pay us in the coin we want
#7542460
03/28/22 11:58 PM
03/28/22 11:58 PM
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Joined: Dec 2015
Posts: 6,340 se South Dakota
NonPCfed
OP
trapper
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OP
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se South Dakota
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Good luck finding all those pennies. Perhaps the Russians will make a deal to have the Euros pay in yuan. Probably easier to convert anyway. Another nail in the USD as the "petrol dollar" and maybe the "reserve currency"... Kremlin Threatens To Halt Supplies As G7 Ministers Reject "Unacceptable" Demand To Pay For Gas In Rubles AND finally, Paul Craig Roberts endorses Russia’s policy: “the West has no right to complain”
 https://sputniknews.com/20220328/pe...g-russian-gas-for-rubles-1094263776.html
 Russia will not supply gas for free if the EU refuses to pay in rubles, said Kremlin spokesman Dmitry Peskov on 28 March in response to resistance demonstrated by Western countries obliged by Moscow to use rubles in the energy trade with Russia. "The sanctioning countries that have breached all their contracts with Russia have no right to complain that Russia breaches one in return", says Dr Paul Craig Roberts, US economist and ex-assistant secretary of the treasury under Ronald Reagan. "If the countries refuse to pay, Putin should immediately turn off the energy. Indeed, he should have done so before launching his military operation in Donbass. It is nonsensical for Russia to keep alive the economies of countries that are sending weapons to Ukrainian Nazis to kill Russians". Russian President Vladimir Putin on 23 March ordered the Russian Central Bank and the government to work out the means for ruble payments for Russian natural gas exports by nations designated as "unfriendly" by Moscow. The list of foreign states that committed "unfriendly actions", including sanctions and seizure of assets, against the Russian Federation, Russian legal entities, and individuals was made by the government earlier this month. The Russian president explained that after Western countries had "frozen" Russian dollar and euro assets, it became clear that "supplying our goods to the European Union and the United States and receiving payment in dollars, euros, and a number of other currencies does not make any sense to us". [.] Dr Roberts hailed the Kremlin's decision to switch to ruble payments, asking in his blog: "Is Russia going for the petro-ruble?" According to the economist, Moscow could apparently be pursuing two goals: first, forcing Russia's energy customers to bypass the sanctions; second, ruble payments support the value of the ruble and frustrate the sanctioning countries' hope of causing its value to collapse. However, "payment in rubles should be the policy regardless of sanctions", according to Dr Roberts.[.]
"And God said, Let us make man in our image �and let them have dominion �and all the creatures that move along the ground". Genesis 1:26
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7542467
03/29/22 12:04 AM
03/29/22 12:04 AM
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Joined: Jan 2014
Posts: 21,046 North East Kansas
Marty
trapper
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trapper
Joined: Jan 2014
Posts: 21,046
North East Kansas
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could get very interesting....
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7542478
03/29/22 12:41 AM
03/29/22 12:41 AM
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Joined: Aug 2008
Posts: 16,240 ny
upstateNY
trapper
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trapper
Joined: Aug 2008
Posts: 16,240
ny
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Or we could supply our own energy with enough to export,,and tell Russia to go pound their rubles.Oh wait,,Trump already did that,,and this administration over turned all that.
the wheels of the gods turn very slowly
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7542529
03/29/22 06:19 AM
03/29/22 06:19 AM
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Joined: Mar 2019
Posts: 1,497 Southern NJ
maintenanceguy
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trapper
Joined: Mar 2019
Posts: 1,497
Southern NJ
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Obviously, those in power don't want to end this and aren't actually trying to stop Russia. We could provide all the oil the EU needs and make Russia the 3rd world. We could stop imports from China and make China the third world again. But we won't.
-Ryan
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7542537
03/29/22 06:44 AM
03/29/22 06:44 AM
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Joined: Dec 2006
Posts: 21,709 Sandhills Nebraska
Gary Benson
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Sandhills Nebraska
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Sounds like all the countries buying energy from Russia need to go green since that's working so well here.
Life ain't supposed to be easy.
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Re: you want our stuff, you pay us in the coin we want
[Re: maintenanceguy]
#7542541
03/29/22 06:48 AM
03/29/22 06:48 AM
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Joined: Feb 2010
Posts: 19,719 pa
hippie
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Joined: Feb 2010
Posts: 19,719
pa
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Obviously, those in power don't want to end this and aren't actually trying to stop Russia. We could provide all the oil the EU needs and make Russia the 3rd world. We could stop imports from China and make China the third world again. But we won't. We were headed that way, throw Iran in too, but........
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7542566
03/29/22 07:24 AM
03/29/22 07:24 AM
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Joined: Dec 2006
Posts: 29,864 williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
Joined: Dec 2006
Posts: 29,864
williamsburg ks
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We could stop imports from China and make China the third world again We cant stop imports from China. We no longer have the facilities to produce the stuff we buy from them. Leather, cotton cloth and garments, medicine, steel, and other manufactured goods. Some of the buildings still exist but in such poor shape they need rebuilt. The skilled labor needed to produce that stuff no longer exists here. People would have to be trained. Welfare ended so all the deadbeats need a job. There will be riots when those checks are shut off and lawsuits filed till they figure out they have to show up everyday, on time, then work, to get paid. It will take years to build back what we gave away and bring back the American work ethic.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7542568
03/29/22 07:25 AM
03/29/22 07:25 AM
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Joined: Dec 2006
Posts: 21,709 Sandhills Nebraska
Gary Benson
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Sandhills Nebraska
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Plus, you can't force children to work for twenty cents an hour here.
Life ain't supposed to be easy.
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Re: you want our stuff, you pay us in the coin we want
[Re: Gary Benson]
#7542584
03/29/22 08:03 AM
03/29/22 08:03 AM
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Joined: Dec 2014
Posts: 2,462 Tug Hill, NY
Squash
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Posts: 2,462
Tug Hill, NY
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Plus, you can't force children to work for twenty cents an hour here. Also, you can’t force adults to work for $20/ hour.
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Re: you want our stuff, you pay us in the coin we want
[Re: waggler]
#7542597
03/29/22 08:26 AM
03/29/22 08:26 AM
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Joined: Oct 2018
Posts: 5,570 Dunbar, Wisconsin
Pike River
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Dunbar, Wisconsin
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The influence of the USA fading fast; good or bad? Depends.... do we want to continue to be a world power or return to the old policy of isolationism? Both have their pros and cons
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7542607
03/29/22 08:34 AM
03/29/22 08:34 AM
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Joined: Dec 2006
Posts: 29,864 williamsburg ks
danny clifton
"Grumpy Old Man"
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"Grumpy Old Man"
Joined: Dec 2006
Posts: 29,864
williamsburg ks
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return to the old policy of isolationism Thats a word liberals use to make people think giving away our manufacturing ability and our involvement in foreign politics are good ideas. That involvement in and funding of the U.N. is a good thing. The U.S. has never been isolated.
Last edited by danny clifton; 03/29/22 08:34 AM.
Those who would give up essential liberty, to purchase a little temporary safety, deserve neither liberty nor safety. Benjamin Franklin (1706-1790)
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7544350
03/30/22 09:19 PM
03/30/22 09:19 PM
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Joined: Dec 2015
Posts: 6,340 se South Dakota
NonPCfed
OP
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OP
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There are reports that the Russian central bank is working on tying the Ruble to Gold. Yes, I've heard that as well but no one is willing to say it out loud if true. The Russian Federation does have one of the largest holdings of gold (their word) in the world. Considering that they have the largest country by area TWICE over next in line Canada, I wouldn't be surprised. Meanwhile, out of Oil Prices. com: Deadline For Rubles For Gas Scheme Approaches By Charles Kennedy - Mar 28, 2022, 11:30 AM CDT Russian President Vladimir Putin has instructed Gazprom, the central bank of Russia, and the Russian government to come up with a report by the end of March on how to change the payment for Russian gas to rubles for customers who are part of Putin’s so-called “unfriendly” countries list. “The Russian government together with the Bank of Russia and Gazprom PJSC should implement a set of measures on changing the currency of payment for natural gas supplies to the countries of the European Union and other states that imposed restrictive measures against the citizens of the Russian Federation and Russian legal entities, to the Russian ruble,” according to a Kremlin document cited by Russian news agency TASS. Putin has also ordered the Russian government to approve a move on changing Gazprom’s current contracts to reflect the change in the currency to the Russian ruble. This should be done “with supply volumes, prices and price formation principles stipulated by contracts maintained” by March 31, TASS reported. Last week, Putin said that Russia would start charging the countries it considers “hostile” in rubles for its natural gas. “I have taken a decision to switch to ruble payments for our natural gas supplies to the so-called hostile states, stop using the compromised currencies in such transactions,” Putin said. Related: Rationing Looms As Diesel Crisis Goes Global The Russian President—whose list of “hostile” states includes the United States, all EU member states, Switzerland, Canada, Norway, South Korea, Japan, and many others—has ordered the Bank of Russia, the central bank, to develop a system for payments in rubles within a week. Commenting on Putin’s rubles-for-Russian-gas plan, the EU and leaders of the biggest economies in Europe said that changing the currency of the payments would be a breach of contract and that Europe would not be blackmailed into buying gas with rubles. “There are fixed contracts everywhere, with the currency in which the deliveries are to be paid being part of these contracts... in most cases it says euros or dollars,” German Chancellor Olaf Scholz said last week. Italy’s Prime Minister Mario Draghi noted that “This is basically a breach of contract, this is important to understand.” European Commission President Ursula von der Leyen said that “We will not allow our sanctions to be circumvented. The time when energy could be used to blackmail us is over.” By Charles Kennedy for Oilprice.com
"And God said, Let us make man in our image �and let them have dominion �and all the creatures that move along the ground". Genesis 1:26
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7544355
03/30/22 09:24 PM
03/30/22 09:24 PM
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Joined: Jan 2014
Posts: 21,046 North East Kansas
Marty
trapper
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trapper
Joined: Jan 2014
Posts: 21,046
North East Kansas
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let them be without....I believe that poland cancelled oil from russia today...
putin is going to stay in ukraine, I guarantee you that.
the way things are going we are looking at another great (er) depression in the next few years...all these sanctions and 'green energy' just helps that go forward.
jmo, ymmv
E 'Honey Badger Militia' Sleep, the anti woke adote.
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7544402
03/30/22 10:15 PM
03/30/22 10:15 PM
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Joined: May 2011
Posts: 16,577 Oakland, MS
yotetrapper30
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trapper
Joined: May 2011
Posts: 16,577
Oakland, MS
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When I see American democrats, American republicans and Europeans all holding hands with Ukraine and singing Kumbaya, it makes me VERY nervous. I feel many conservatives are finally taking the bait. Hook, line and sinker.
~~Proud Ultra MAGA~~
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Re: you want our stuff, you pay us in the coin we want
[Re: NonPCfed]
#7544407
03/30/22 10:20 PM
03/30/22 10:20 PM
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Joined: May 2010
Posts: 10,471 mn north of blakely
Steven 49er
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Joined: May 2010
Posts: 10,471
mn north of blakely
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Russia and china have been actively adding gold.
Unfettered money printing and artificially low interest rates have consequences.
"Inflation is always and everywhere a monetary phenomenon". Milton Friedman.
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