Quote (Goomshill @ 5 May 2023 09:52)
https://www.msn.com/en-in/news/world/russia-and-india-reportedly-halt-talks-over-using-rupees-for-trade-with-moscow-preferring-to-be-paid-in-chinese-yuan/ar-AA1aK6VcRussia and India abandon the deal in progress to buy oil for rupees, and instead are going to use... the Yuan
After all, how much trust can Russia have in holding large reserves of rupees, when the west is tugging so hard on India to join the new iron curtain? If anything, a large Russian trade imbalance with India actually counterintuitively results in a perverse motivation for India to betray Russia and lock out their banking sector, because in effect India would be getting away with stealing that much oil- unspendable rupees making it an exchange of goods for monopoly dollars. So where does Russia turn for a reserve currency, when the dollar is now weaponized and unaligned countries can't be trusted? The new petroyuan
As we've said a bunch, this is the real time end of the american petrodollar and the bedrock that has supported american economic hegemony post WW2, and its entirely of our own doing. Really, Joe Biden's doing. He's crashing this plane
Russia kills hundreds, thousands civilians with bombing, shelling, loot, abduct children, rape, execute, torture people, but " wow look this drone over the Kremlin, this is clearly a provocation"...
And now... "The end of the petro dollar"...? Im skeptical Goomshill ...