This is what happens when you play with fire.
Biden and his crew (or whoever is really calling the shots at 1600 Pennsylvania Avenue) are really up the preverbal creek without a paddle. They thought that they could just shut down domestic oil production, stop buying oil from Russia and institute crippling sanctions against the Ruskies and the Soviets would do nothing to fight back …
Well, that is where they would be wrong … DEAD WRONG.
The one thing that keep the United States as the preeminent military, economic power and currency on the planet … the ‘petro-dollar’. Every barrel of oil that is bought must be purchased using dollars.
Well, that is until now. Now, Putin is demanding that all oil bought from Russia is done so using Rubbles. This marks the beginning of the end of the petri-dollar and with it, the end of United States’ global supremacy, both economic and militarily.
Jim Hoft, the founder of The Gateway Pundit reported:
‘Joe Biden and the EU are playing checkers and Putin and Russia are playing chess.
Putin on Wednesday responded to the economic sanctions from the US and the West. Russia will now demand that unfriendly nations pay for their much-needed gas in rubles.
Europe gets 40% of its gas supply from Russia. Look for gas prices to surge.
It appears Joe Biden’s mission to kill the US Petrodollar is nearly complete.
Via Richard Medhurst: This rule applies to all “unfriendly” nations. Russia published a list of 48 “unfriendly” states a few weeks ago which includes the EU, U.S., Japan, Switzerland and Norway. (These are generally countries that have sanctioned Russia in the last weeks).
European gas prices raised as much as 21% in Amsterdam following the news.’
This rule applies to all “unfriendly” nations. Russia published a list of 48 “unfriendly” states a few weeks ago which includes the EU, U.S., Japan, Switzerland and Norway. (These are generally countries that have sanctioned Russia in the last weeks).
— Richard Medhurst (@richimedhurst) March 23, 2022
Remember! The US is begging Maduro for oil. It wants the nuclear deal back to get Iranian oil on the market. Saudis are considering selling oil to China in Yuan, not USD. India bought Russian oil in rupees.
I covered all of this here. Essential watching: https://t.co/BGBCNqDUEa
— Richard Medhurst (@richimedhurst) March 23, 2022
Buckle up, it’s going to be a bumpy ride for the dollar …
