by Chris Black
The Russian Ruble is now more valuable against the US dollar and the Euro than it was before the war in Ukraine began on the 24th of February. Despite an initial depreciation in value, the Russian Central Bank and Russian state have maneuvered tactfully in keeping their currency strong and protecting the wealth of Russia and her citizens.
For those in our circles who are not inclined towards a deep understanding of the modern monetary system we offer this simple and straightforward explanation: Putin’s government decreed that payments for Russian fuel supplies, which Europe in particular depends upon, may only be carried out in Rubles rather than Euros and dollars. This led to a rush by Western central banks, corporations, trading firms and financiers for Rubles.
Demand for a currency pushes up the value of that currency. It really is that simple.
The Jewish led neoliberal order that dominates much of the West exists in a bubble so detached from reality that they did not and do not perceive the Russian state, or any other state for that matter, as possessing significant agency.
They were wrong.
Russia, together with China and India is currently engaged in building new currency exchange and flow mechanisms to ensure that global trade will be uninterrupted by Western sanctions. Russia’s sale of products to non-Western countries is increasing by the day and a more valuable Ruble is going to make the lives of the average Russian much better while in the West we, and particularly those of us in Europe, suffer from unaffordable fuel, an impending agricultural crisis and an inflationary spiral which is making our standard of living impossible to maintain.
Someone was always going to pick a fight with the post-war order. Putin was the first to act, and Russia is benefitting from it rather than being hurt by it.
The nations of the world now know that they can not only survive without the Jewish led neoliberal order, but that they can thrive without it.