Italy & Germany Buy Gas In Rubles Not Dollars For First Time!

Sharing is Caring!

The days of the petrodollar – the U.S. dollar as the universal currency of exchange on the world market – may be coming to an end, the latest piece of evidence coming from Germany and Italy, which have both made moves to make future natural gas purchases from Russia using the ruble rather than the dollar.

Jimmy and American comedian Kurt Metzger discuss the likely waning of the dollar in the international marketplace and how the Ukraine war is merely accelerating the dollar’s decline, along with the U.S.’s.

See also  Already Gone! Russia Defaults on Foreign Debt for First Time Since 1918 (Europe Sov Yields UP 10+ BPS)
Help Support Independent Media, Please Donate or Subscribe:
See also  This is the 4th worst start to a year in history for the S&P 500, down 18.2% in the first 111 trading days. Meanwhile, US bonds are on pace for their worst year since inception.

Views: 103

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.