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Today I have the good news and bad news about the Ukraine issue and it's consequences.
First, the good news. A Russian tank driven by a soldier is said to have run over his own commander. The Russian soldiers therefore must be rebelling and Russia's fall is certain. The USA, UK and NATO must be celebrating. Then Joe Biden said that he will use nuclear weapons first if he has no way out. As I said before, Putin is ready for that and Xi could not be far behind. This will end the war in Ukraine, but also the 'New World Order' that the USA is talking about and it's self declaration that it shall lead. No shame in that? Peace is coming to the world after the nuclear war.
Now for the bad news. First, Poland is in trouble with all the refugees from Ukraine moving in only one direction and into one country. And that is creating internal unhappiness as those refugees are being treated extra special compared to the Poles.
And now for the good and bad news for one side and not the other. I am also sure Biden's visit to Europe, besides the G7 meeting, is also about selling oil and gas to the Europeans, in US$ of course, since Europe now has to look for Rubles to buy oil from Russia, so the US$ held by them for Russian oil and gas is now usable. The USA had been eyeing this oil and gas market and even trying to stop Nord Steam 2, which they have now succeeded. However, since countries are distancing themselves from the US$ progressively, notably Russia, China, India, Iran and Saudi Arabia, so Europe must soak up all the extra US$ printed day and night, to buy USA oil and gas, right? But USA oil and gas will be five times more expensive than Russian oil and gas. Now. thinking rationally, what is going to happen to the Euro, if USA oil is going to be priced in US$ and Russia is not accepting the Euro for oil and gas as well? The Euro will be suffering another collateral damage. No big deal, right?
To quote John Hannibal Smith of the A Team who said - 'I like it when the plan falls into place' or something like that.Anonymous
11 comments:
And we'll luv this:
'The Russian central bank will restart buying gold from banks and will pay a fixed price of 5,000 roubles ($52) per gram between March 28 and June 30, the bank said on Friday.'
Russia working to bring Gold Standard back into monetary system.
https://financialpost.com/pmn/business-pmn/russian-cenbank-to-restart-buying-gold-from-banks-will-pay-fixed-price-from-march-28
BTW the US backup plan for EU' oil needs had just been blown up:
http://thesaker.is/ungenerous-deeds-while-the-coalition-of-the-wicked-us-saud-brits-are-basking-in-fires-of-aramco-oil-facility-they-refuse-to-share-the-virtual-warmth-with-their-european-servants/
' “Special sources told Al Mayadeen that Operation Break Siege III is one of the fiercest operations by the Yemeni Armed Forces against Saudi Arabia. The sources said that the information confirms that Aramco facilities in Jeddah were completely burnt, resulting in an unprecedented outbreak of fires.”[1]'
There is genocide against Yemen, and all we hear is genocide by Russia in Ukraine. This is how hypocritical the vile MSM of the West can be. They promote selective propaganda, ignoring the real genocide taking place in Yemen and diverting attention towards Ukraine. Only White lives matter. Blacks in USA better wake up because BLM is just a mirage.
A day ago it was reported that more than a thousand civilians were killed after almost a month of war and yet this morning Channel News America was suddenly reporting more than five thousand civilians have lost their lives. What is the truth?
They just killed 132 Chinese in cold blood by crashing the China Eastern Airline, just like MH370.
At OPEC, the UAE said officially that it commits it's ties with Russia. It is also said that OPEC will not increase oil production to help Europe and elsewhere to mitigate the ban on Russian oil and gas. That is a very significant statement. Increasing oil production is certainly not like printing banana notes day and night, and needs time and investment.
Now the USA and EU countries are caught between a rock and a hard place. Oil prices are not retreating and USA and Europe is facing big trouble. If Biden fails to bring down the price of oil, and rein in inflation, he is facing a uphill task in the mid term. And Europe's alternative dependence on USA oil and gas is not that simple solution when oil is going to cost five to ten times more than what Russia charged them. We will see who blinks first.
The Washington and Brussels Gang of genius does not know how to deal with Putin in reality, and are resorting to threats of using chemical, biological and nuclear weapons. Watch their narratives recently and closely. When people are pushed into a corner they start doing irrational things, like calling others names in anger. That is the first sign of exasperation and exhaustion.
Sanctions have backfired in many ways. Sanctioning the Russian Central Bank and seizing Russian reserves is going to be costly, as Putin has hit back by not allowing companies to move funds out of Russia and taking their money out of Russia after selling their assets. If the USA and the West can just seize Venezuela's gold and Afghanistan's reserves and confiscate them, Russia can do the same. And since Venezuela and Afghanistan have not avenues to take action, so will those Western companies moving out of Russia. The sword cuts bother ways now.
The Washington and Brussels Gang of genius thought they could ban the import of Russian Oil and Gas initially, so that the USA can move in to benefit from it, but this has backfired badly. From all the USA efforts to derail Nord Stream 2, we know what their motive is. They now do not know whether to move forward and completely ban Russian oil and gas, or continue to import them and having to pay in Rubles. A total ban by the EU of Russian oil and gas, under USA coercion, is a disaster for the EU, especially Germany and France. Not doing a total ban means having to help prop up the Ruble, which is doing the exact opposite of trying to tank the Ruble. Now what are they going to do? It seems that the visit of Biden to Europe and the talks at the G7 achieved nothing.
There is also the statement by OPEC that they are not thinking of increasing output due to capacity constraints. Moreover, with oil and gas prices that high, why would those oil and gas producers want to kill the golden goose by increasing output to dampen the price, just to help Biden win the mid term, and who may turn around and come back to threaten them later on. It is illogical, silly and self defeating. .
By the way today's exchange rate is US$1 to 89 Rubles. Looks like the Ruble has strengthened quite remarkably over the last few days. This is a clear sign that the sanctions have failed big time to bring the Ruble down to 200 Rubles to the US$ as Biden had hoped for and to collapse the Russian economy.
India with World Second Largest Population and Indonesia with Fourth Largest Population, are now snapping up Russian Oil.
Boom time for Russia with nearly 2 billion consumers on top of 1.45 billions in China.
Whether it is oil and gas or commodities, Russia is looking East and marginalising the importance of Europe. If Europe refuses to buy oil and gas in Rubles, there is the USA to look towards, but paying five times the price is hard to imagine. They brought it upon themselves.
But as Alexander Mercouris commented, since Europe chooses to ride on the run away USA train, they are going down the cliff with the USA very soon. Now, getting on the train was easy, getting off is difficult. This is a lesson countries must learn when they take sides.
Mr Biden said Singapore's "strong leadership in the region" made it clear that Russia's war was unacceptable to countries in every region, not just Europe. (ST, March 30)
We didn't even know Singapore is a leader in ASEAN !!
Biden better don't anyhow say such things. Our neighbours could be offended and may make things difficult for Singapore.
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