Rise of the Petrorouble

 

See here for essential background: http://hpanwo-voice.blogspot.com/2022/03/russia-banks-in-gold.html.
Following the news covered in the article linked above, that the Russian central bank is buying gold, another announcement has been made that can only be described as a logical follow-up. It's actually one I should have predicted. President Putin has announced Russia will now only sell its precious natural gas exports to certain nations in roubles, Russia's own currency. Up until now the trade with Europe has been made in Euroes and the rest of the world in the US Dollar. Oil has always been traditionally traded in dollars and disrespecting that tradition can often have disastrous results, as explained here with some necessary humour: https://youtu.be/sehmmzbi3UI?t=1287. Luckily NATO can't take on Russia directly as it did so easily the "Axis of Evil" nations. The European Union have accused Russia of breaching a contract, but this is a Melian dialogue; the continent is dependent on those gas imports and so Russia holds all the cards. As I said over Brexit, if the EU doesn't like it, they can come and meet us on the beach, see: https://hpanwo.blogspot.com/2019/10/brexit-portal.html. Russia's coin has dropped in value by 22% this month, for obvious reasons, and this is clearly a scheme to resurrect it; however it might have more long-term strategic goals. Trading oil in their own currency, backed by a gold standard financial system and crypto, will not only cause the current trade embargo to backfire totally; it might even undo all the other economic vandalism Russia has suffered for the last decade. This is excellent statesmanship by Putin. The best thing he's done since he turned down the World Bank loans that devastated Ireland and Greece. In terms of the New World Order, it could be a turning point. There are other potential ones in the pipeline, if you'll excuse the pun, but I will cover them in future publications.
See here for background: http://hpanwo.blogspot.com/2022/02/ukraine-war-portal.html.