The Economic Side Dish
[Comments enabled]
All the great globalist plans, and those of so-called
“mavens” in America who have thought for years that putting
labor and material supply overseas as a means to avoid paying
market wages in the US, along with evading environmental laws
by putting the pollution somewhere else, are now up against
the law of unintended consequences.
Russia has announced that it will soon require payment for
its natural gas (and, presumably, all other exports) in
Rubles. This is of course quite reasonable, since the
resource depleted is theirs, and thus payment should be in
their currency.
I smelled this coming when the sanctions were announced.
Russia’s GDP is about 25% energy sales
Russia not only evades the sanctions they make a monstrous
profit as a direct consequence of the stupidity of Western
Nations in implementing them and since you can’t replace
said Russian energy the only way to stop it is to drop the
sanctions!
The bottom line here is that most of what is going on right
now in this regard is not, as is commonly claimed, about
Russia and Ukraine. Rather it is a move that has been
catalyzed by that set of events but which is actually caused
by the US inflation outlook and policy, and is a positive
feedback influence on both.
The only means to keep international transactions
denominated in dollars is for the current “runaway” US
inflation pattern to be stanched …
If you’re counting on The Fed not acting, when prior to this
series of events inflationary credit expansion was absorbed
by said international trade transactions for the simple
reason that said inflationary credit expansion never echoed
back into consumer experience for that reason, and now it is
echoing back immediately and strongly into the consumer
experience you’re in for a rude (and likely very expensive)
surprise in your investment portfolio.
More at the link…
market-ticker.org/akcs-www?post=245490