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The First Domino Falls: Slovakia WILL Pay for Russian Gas in Rubles

Slovakia will pay for Russian natural gas in rubles if that’s what it takes to keep the commodity flowing, Slovak Economy Minister Richard Sulik has said on national television.

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+5 # Slovak citizensa1phx 2022-04-04 03:04
Hello, i am Slovak citizen and hal turner subscriber. Our government is puppy of deep state. And now geopolitcal situation is changing, so some of our politics wants to look like russia supporters, because they know that in next elections deep state puppys will not win.
+2 # RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in Rublesthesloth 2022-04-04 00:56
I heard the Vatican was the first domino to fall.
# Have u seen this vid of the latest staged massacareselah 2022-04-04 00:09
https://rumble.com/vzj7jo-ukraine-war-staged-footage-of-the-ukrainian-psyop.html
+1 # It's kind of hard...Rosewood11 2022-04-04 07:20
...to tell whether they spoke Russian or Ukrainian when they are already dead!!! I'm sorry, but prove to me that these are Ukrainian-speaking people who were killed by Russians, and not bodies of Russian-speakers who were killed elsewhere by Ukrainian Nazis and trucked in to stage this. Hey, Zelinskyy, nobody with a brain believes you anymore!!!
+2 # RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in RublesTexasWolf 2022-04-03 23:38
Smart move.
+5 # This scheme is a smart move by Putin and Slovakia understands it very well. Using this scheme Russia gets paid every time it sells a gas contract abroad.Haarnaś 2022-04-03 22:41
Russia no longer has to worry about having its money stolen by Biden and banksters! Putin's move is brilliant, but I do not see how it will destroy petrodollar with it. It is simply a self-preservation scheme in face of the expected sanctions move by Vladimir Vladimirovich!

Russian President Vladimir Putin’s presidential decree on new payment terms for energy products, predictably, was misunderstood by the collective west. The Russian government is not exactly demanding straightforward payment for gas in rubles. What Moscow wants is to be paid at Gazprombank in Russia, in its currency of choice dollars or Euro, and not at a Gazprom account in any banking institution in western capitals.

That’s the essence of less-is-more sophistication. Gazprombank will sell the foreign currency – dollars or euros – deposited by their customers on the Moscow Stock Exchange and credit it to different accounts in rubles within Gazprombank.

What this means in practice is that foreign currency should be sent directly to Russia, and not accumulated in a foreign bank – where it can easily be held hostage, or frozen, for that matter.
+2 # Tomorrow: Clif High's latest newsletterSchnauzer_World 2022-04-03 21:47
https://clifhigh.substack.com/p/tomorrow?utm_campaign=cta&s=r
+6 # The Russians Are CraftyMLB18960 2022-04-03 21:33
The Russians are saying buy our gas with your euros but what they mean is deposit euros in a Russian bank account and then we'll trade those euros on the open market in Russia for rubles and use those rubles for your gas bill. Euros are still being traded for rubles before anything is purchased. So now that this is being done by a Russian bank they get all the fees for the trades and the ruble is still being supported on the open market by the purchase of gas. The only difference is that Russia now gets the currency exchange fees. This is handwaving but it doesn't change anything from what Putin said originally except give the Russians the exchange fees.
+10 # Just an opinionBruce Oxenford 2022-04-03 19:43
5,000 Rb= 1 gram of gold.
5,000 Rb× 31.1g = 155,500 Rb /1 gold oz.
In paper markets an ounce of gold priced in $USD is about $1950, so
$1950÷31.1= $62.7/ gram
So
5,000Rb÷ $62.7= about an 80Rb /$1

Why is this important, well stay with me, if the price of gold in $USD went from $1950 to say $155,500/ oz of Gold, then the the Ruble would be at an exchange rate of 1 to 1 to the $USD.

" 'Ludicrous' you say. That won't happen. The price of gold would never rise that high." I say its only an eighty times (80x's) move. You say, "thats an 80x's move, it would take forever for a move in gold price like that."

Wrong again. In a hyperinflationary currency, it could move that quick in mere months. Example in history, August 1921- January 1923, in 16 months, gold went from 1,000 German Marks to over 100,000 German Marks (that is higher than 80x's move).

Silver took less time, it only took silver 14 months to move over 80x's.

Unless $USD becomes gold "backed", the Ruble will gain on the dollar, strengthening alliances with other counties that choose to limit their exposure to less valuable $USD.
+5 # BrilliantSBGlett77 2022-04-03 21:13
.
And a great opinion it is, in my opinion !

What you just described is how gold or any other commodity takes the place of a fiat currency. There is always enough of whatever physical entity we choose, to replace a fiat currency - it simply becomes a matter of pricing the fiat currency in such a way as to quickly approach parity with the supply of the physical replacement.

This process is facilitated by arbitragers - people who trade on the exchange rate differences among three or more value holders in order to end up with a gain. As soon as the army of arbitragers is convinced this gold peg will stick, they will run among gold, Rubles, and Dollars and make a fortune, as well as drive up the price of gold in Dollars to where the supply of gold is at parity with the money stock in Dollars. This could very well be in the neighborhood of $155K, and I thank you for your quantitative analysis to get to a very feasible value.

Moondog, what you said will happen if Russia holds their line. Arbitragers are the unseen hand of the foreign exchange market balance, and they are aggressive tigers.
# drive up the price of gold in Dollars to where the supply of gold is at parity with the money stock in Dollarsoldschool 2022-04-04 14:20
So what SBGlett77 and MoonDog are saying here is that the U.S. Dollar must return to the Gold standard in order for it to continue to exist at all. Is my analysis correct or am I way out in left field ?? I am not an economist.
# My guess on the strategy on roubles.carlireland34@gmail.com 2022-04-03 19:28
It is said there is no change for the purchaser. They paid in euro, dollars before - and will with NEW contracts. Existing ones honored.
They have 15 days to make payment details - ie open Russian bank accounts.
So how does it work in reality ?

My guess - for illustrative purposes.

BEFORE the buyer agrees a volume and dollar price per unit for a year. Payment for deliveries are made to Gazprom monthly based on actual delivery, which varies by season. 60% of imports are paid in euros, and the rest in dollars.
The dollar or euro is worth maybe 10% less at years end.

AFTER the buyer gives dollars, euros to the Russian bank. The Central Bank gives roubles to Gazprom at the gold backed 3 month rate., The CB can use the euros, dollars to buy gold because it is half price ( kept down by paper gold manipulation).

The official explanation is below.
https://news.yahoo.com/explainer-paying-natural-gas-rubles-123131080.html
+6 # "This Is"t.n.kuss@hotmail.com 2022-04-03 18:36
Powerful Leadership by Our Communist Socialist Leader Biden "LOOKING OUT SOLELY FOR UKRAINE!" Biden "PROTECTS UKRAINE'S BORDERS (NOT AMERICAN BORDERS) AND DEMOCRACY (NOT AMERICAN DEMOCRACY) ." So "FOR LEADERSHIP THAT COUNTS VOTE BIDEN FOR UKRAINIAN PRESIDENT!"
-1 # How?Eddamnit 2022-04-03 18:21
How does this work?
Wouldn't the Russian gas have to flow through pipelines in unfriendly nations to Russia?
+7 # NATO Fracture...AndyBenefield 2022-04-03 18:11
It would appear that Russia is in the process of fracturing NATO and succeeding!

Killing the dollar and Euro, implication of the US with everything from biohazard research to child sex trafficking, and now having NATO members having to choose between survival and team player. I figured it would be one of the bigger members that would crack first, but sometimes, all it takes is one to crack to bring the dam down

We’ll see how long pride holds this group together. Funny (ironic) how the US out spent the USSR back in the 80s & 90s to bring them down and now Russia is causing the downfall of the dollar because of western arrogance.
# RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in RublesBeenThere 2022-04-03 17:56
Slovak Economy Minister Richard Sulik will soon reverse course with another public statement coming out against Russia due to bribery or blackmail or both....

Wait and see,
+3 # Found this video...iCanWalk 2022-04-03 17:16
Two minutes in so far but wanted to share.

Over 80,000 Dominoes - "Around the World" (10 minutes)
Flags and more.
https://www.youtube.com/watch?v=kqCE066fNpU
+9 # Sanctions, not working as intendedBruce Oxenford 2022-04-03 17:05
Any currency exchanged into Russian Ruble, for any reason, be it for crude oil or sunflower oil, will give strength to the Ruble, which is exactly what the sanctions imposed on the Russian government were not intended to do.
+4 # RE: Sanctions, not working as intendedRedlist Renegade 2022-04-03 17:50
And they couldn't See this Coming ? But then again those European "Leaders" Aren't exactly the "Sharpest" Tools in the Shed !!!
+6 # RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in RublesLambs Servant 2022-04-03 17:05
There will be more dominoes that will come after this one. The death knell for the dollar is ringing louder and louder.
# RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in RublesPalehorse 2022-04-03 17:04
|

I am curious about the rate of exchange. Does
anyone know if the exchange rate has been
altered to increase the amount of Euro's it
takes to purchase Rubles?
+4 # RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in RublesPyramid666 2022-04-03 17:26
Quoting Palehorse:
|

I am curious about the rate of exchange. Does
anyone know if the exchange rate has been
altered to increase the amount of Euro's it
takes to purchase Rubles?


The gold link shored up the ruble last week, the RUS currency will further appreciate with GOLD as the paper GOLD and derivative markets evaporate.

This is a BIG thing
-1 # RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in RublesPalehorse 2022-04-03 19:12
|

That has nothing to do with my question.
+4 # RE: The First Domino Falls: Slovakia WILL Pay for Russian Gas in RublesRockyMountainBeerMan 2022-04-03 16:58
.
You mess with the bear, you get the horns.
.
+5 # This is all scriptedJessiebeaner 2022-04-03 17:12
NATO, Ukraine, anf RUSSIA are ALL playing their part of this long scripted globalist transfer of power to the EAST. As i watched this all unfold/ evolve/devolve/develop….it was as if watching a SPIELBERG movie.
The moves and drama have all been scripted and each time NATO makes a move the RUSSIAN RESPONSE fits as neatly as a hand in a glove.
The conflict, the build up, the release, the Russian perfect response.
Wash, rinse, rewind, replay.
Russia and China are skipping along the yellow brick road while the man behind the curtain pulls the levers and all the wicked witch characters attack the sweet doofs, causing chaos, suspense, and terror.
Kind of like COVID drama.
Putin is playing his role. His responses are SCRIPTED TO STARVE THE WEST AND HELP THEM FREEZE TO DEATH…….JUST AS BIDEN IS DOING. THIS IS THE BIG SQUEEZE.
+6 # Treason!HuskerMike 2022-04-03 17:26
The name of this operation is “Operation Treason”, and the rise and fall of the American Empire.
+1 # Seems rather foolishJessiebeaner 2022-04-03 17:57
To cheer for either side while they BOTH WORK TO KILL US OFF.

 

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