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While many people in the U.S. shake their pom poms over an armed conflict that has 0 strategic significance on our country, they are not noticing the subtle changes to the global finance scheme stemming from this conflict that could, in the long run, prove to be very damaging to the U.S.'s top economic position in the world.
"How to erode the U.S. economic dominance, and get their citizens to cheer for it"
originally posted by: SleeperHasAwakened
* The Russian Ruble has a higher dollar exchange rate than it did BEFORE this conflict started
originally posted by: Xtrozero
originally posted by: SleeperHasAwakened
* The Russian Ruble has a higher dollar exchange rate than it did BEFORE this conflict started
Nice, lets say you had 10 million rubles under your bed, go spend it and see what happens. Also, lets say Russia says they want an exchange of 100 dollars to 1 Ruble what country is going to do that even if they wanted to trade.
originally posted by: Xtrozero
Even if Russia makes the Ruble 30% stronger that is a 30% increase to all other currencies as that 30% is just localized in Russia, and so anyone buying Russian whatever by buying rubles first is costing them 30% more no matter the currency they use.
originally posted by: SleeperHasAwakened
Somewhere between 4-10 countries are already purchasing gas from Russia in Rubles (although as others have said, it's not so easy to describe the transactions as "paid in Rubles" when in reality it was more of a currency swap than an exchange of gas for Rubles).
No, it's not that simple. The exchange of store of value at the sovereign level is a lot more complex than going down to the exchange office, handing a clerk $$$ and getting back X currency. There are all sorts of complex financial instruments like exchange swaps and derivatives (contracts on future exchange rates of currencies) that can be used to exchange value. Also, sovereign entities (and their central banks) hold currency reserves in many denominations, so if they want to purchase something from a country in a certain currency, they already have that currency on hand in reserve, so they can buy what they need without a spot conversion, and replenish their reserves later at a more favorable exchange rate.
originally posted by: SleeperHasAwakened
a reply to: FamCore
Nice thread FamCore; it's too bad the war propaganda agents have to wade in and derail the conversation.
At the end of the day, these two facts are indisputable:
* The Russian Ruble has a higher dollar exchange rate than it did BEFORE this conflict started
* Russia is and has been in the process of a total unwinding/disengagement from the dollar
If you can take your war googles off for a second (which we must acknowledge is impossible for those people whose entire purpose for posting on ATS is to spread pro or anti Russian propaganda), you can see that aside from the purely material impact of one of the world's largest energy exporters exiting the PetroDollar system, perhaps the bigger story is that the Russians are providing a blueprint/playbook for showing others how to effectively untangle themselves from the current financial system that utilizes the U.S. dollar as the world's reserve currency. This could prove to be the first domino in a series of events that leads to the collapse of the PetroDollar.
While many people in the U.S. shake their pom poms over an armed conflict that has 0 strategic significance on our country, they are not noticing the subtle changes to the global finance scheme stemming from this conflict that could, in the long run, prove to be very damaging to the U.S.'s top economic position in the world.
"How to erode the U.S. economic dominance, and get their citizens to cheer for it"
originally posted by: SicTransitGloriaMundi
a reply to: bloodymarvelous
Who do you think Federal Reserve is? Seriously... They are the ones who overthrow others. Do not expect them to go quietly into the night. Any country that ever threatened petrodollar had usually been decimated by the war (Iraq, Lybia, etc.) evr since the concept of this currency approach was contemplated back in 1947 and cemented in 1971. This is why now, the US has no choice but to go to war with Russia. Forget the Ukraine - it is a pawn in the globalist game to stay in power.
Whoever wrote here about Russia's "unprovoked" aggression forgot (or simply do not know) about "unprovoked" coup d'etat thrown in 2014 by C_A and globalist clinton's cabal in Ukraine that started never-ending war against Russians that lasted for 8 years before putin decided to cut them out. So much for being "unprovoked"... He definitely found the best time to do it when the United States is publicly committing suicide for the sole benefit of the Great Reset implemented by the Bilderberg group (aka World Economic Forum - WEF). Everything is way darker than it seems now.