The Russian ruble is sitting pretty right now, having regained its pre-sanctions value and set to become a major commodity currency. Photo Credit: The Cradle
Pepe Escobar – The Saker April 2, 2022
Rublegas is the commodity currency du jour and it isn’t nearly as complicated as NATO pretends. If Europe wants gas, all it needs to do is send its Euros to a Russian account inside Russia.
Saddam, Gaddafi, Iran, Venezuela – they all tried but couldn’t do it. But Russia is on a different level altogether.
The beauty of the game-changing, gas-for-rubles, geoeconomic jujitsu applied by Moscow is its stark simplicity.
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, 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.
All these transactions from now on should be transferred to a Russian jurisdiction – thus eliminating the risk of payments being interrupted or outright blocked.
It’s no wonder the subservient European Union (EU) apparatus – actively engaged in destroying their own national economies on behalf of Washington’s interests – is intellectually unequipped to understand the complex matter of exchanging euros into rubles.
Gazprom made things easier this Friday, sending official notifications to its counterparts in the west and Japan.
Putin himself was forced to explain in writing to German Chancellor Olaf Scholz how it all works.
Once again, very simple: Customers open an account with Gazprombank in Russia. Payments are made in foreign currency – dollars or euros – converted into rubles according to the current exchange rate, and transferred to different Gazprom accounts.
Thus it is 100 percent guaranteed that Gazprom will be paid.
That’s in stark contrast to what the United States was forcing the Europeans to do: pay for Russian gas in Gazprom accounts in Europe, which would then be instantly frozen. These accounts would only be unblocked with the end of Operation Z, Russia’s military ops in Ukraine.
Yet the Americans want the war to go on indefinitely, to “bog down” Moscow as if this was Afghanistan in the 1980s, and have strictly forbidden the Ukrainian Comedian in front of a green screen somewhere – certainly not Kiev – to accept any ceasefire or peace deal.
So Gazprom accounts in Europe would continue to be frozen.
As Scholz was still trying to understand the obvious, his economic minions went berserk, floating the idea of nationalizing Gazprom’s subsidiaries – Gazprom Germania and Wingas – in case Russia decides to halt the gas flow.
This is ridiculous. It’s as if Berlin functionaries believe that Gazprom subsidiaries produce natural gas in centrally heated offices across Germany.
The new rubles-for-gas mechanism does not in any way violate existing contracts. Yet, as Putin warned, existing contracts may indeed be stopped: “If such [ruble] payments are not made, we will consider this to be the buyers’ failure to perform commitments with all ensuing implications.”
Kremlin spokesman Dmitri Peskov was adamant that the mechanism will not be reversed under the current, dire circumstances. Still that does not mean that the gas flow would be instantly cut off. Payment in rubles will be expected from ‘The Unfriendlies’ – a list of hostile states that includes mostly the US, Canada, Japan and the EU – in the second half of April and early May.
For the overwhelming majority of the Global South, the overarching Big Picture is crystal clear: an Atlanticist oligarchy is refusing to buy the Russian gas essential to the wellbeing of the population of Europe, while fully engaged in the weaponization of toxic inflation rates against the same population.
Beyond Rublegas
This gas-for-rubles mechanism – call it Rublegas – is just the first concrete building block in the construction of an alternative financial/monetary system, in tandem with many other mechanisms: ruble-rupee trade; the Saudi petroyuan; the Iran-Russia SWIFT- bypassing mechanism; and the most important of all, the China-Eurasia Economic Union (EAEU) design of a comprehensive financial/monetary system, with the first draft to be presented in the next few days.
And all of the above is directly linked to the stunning emergence of the ruble as a new, resource-based reserve currency.
After the predictable initial stages of denial, the EU – actually, Germany – must face reality. The EU depends on steady supplies of Russian gas (40 percent) and oil (25 percent). The sanction hysteria has already engineered certified blowback.
Natural gas accounts for 50 percent of the needs of Germany’s chemical and pharmaceutical industries. There’s no feasible replacement, be it from Algeria, Norway, Qatar or Turkmenistan. Germany is the EU’s industrial powerhouse. Only Russian gas is capable of keeping the German – and European – industrial base humming and at very affordable prices in case of long-term contracts.
Disrupt this set up and you have horrifying turbulence across the EU and beyond.
The inimitable Andrei Martyanov has summed it up this way: “Only two things define the world: the actual physical economy, and military power, which is its first derivative. Everything else are derivatives but you cannot live on derivatives.”
The American turbo-capitalist casino believes its own derivative “narrative” – which has nothing to do with the real economy. The EU will eventually be forced by reality to move from denial to acceptance. Meanwhile, the Global South will be fast adapting to the new paradigm: the Davos Great Reset has been shattered by the Russian Reset.
This was the real reason for w w 2
The world was in the bankers grip the great depression people were starving to death in the UK and USA in particular, in Germany the currency was totally ruined by the jew
Hitler then took the economy away from the jewbankers and put rothschild in prison
So the 3 jew run countries Uk USA and USSR all went to war to destroy Germany
Neville Chamberlian after a secret 4 years study of the aims and goals of the Third Reich
wanted to adopt some of the principles in getting the economy away from the jew
So Churchill had him murdered on Rothschild orders
The jews cannot allow anyone like Hitler to take the economy away and make a success of it like Hitler did for his people
There are folk who at the time said we do not need to go to war again lets just let germany have their economic freedom
this was why the king was murdered
I do wonder if this economic situation was planned as a possible scenario by Russia. Either it or China was likely determined to offload its dollar reserves and move out of wallpaper into something more substantial. Russia might not have guessed every vindictive move by the US but it might have foreseen circumstances similar to those it finds itself, and maybe its move out of the dollar was built into its plans these past eight years.
Moving out of the dollar in response to American actions was always better than inviting American wrath by making such a move first and without provocation, so all Russia would have to do is wait for America to pull the chain and flush itself away.
This new vid exposes the moon visit scam
said to be the biggest hoax apart from Covid and the holocaust ever perpetrated
https://brandnewtube.com/watch/20-proofs-nasa-faked-the-moon-landings_ebk2lho3kXBtRiK.html
Yep as l have said before here, in my view President Putin is the greatest chess player in the world.
His counterparts in Europe and America are not even good enough to be pawns.
Yep, this great reset crap is dead, mind you, it was dead before the Ruble became a major currency.
If the corporates in the EU don’t use this payment mechanism, they will in effect end their contracts. There is this calm, but the storm is massive.
Many weeks ago I said there was a window where Germany and France could save the their countries and the EU. I said, that top German and French military leaders could read their political leaders the riot act, and tell them to withdraw from NATO, or they would coup their respective regimes and then Withdraw from NATO. Well, that brief window came and went, and the German and French militaries have failed to protect their respective countries. Amerika has destroyed the EU. They’ve been wanting this for a very long time, and this is one reason for Brexit. The EU was just too successful.
If we avoid nuclear war, Ruusia, China, & India will become very wealthy, relative to the West. The free world is going to have a ready cheap source of energy. Screw fake man made climate change, the West can’t afford it. The free world will also eat well.
Mad Mc’s: I don’t think it was planned the way you are thinking it.
I think it is a capitalist flaw, and after WW2 there was a relative boom in the 50s, especially in the US, and in order to keep the markets happy, they wanted new cheaper labour pools, then they closed down Western manufacturing and offshoreed jobs, and then these new economies started to make A list products, so the West had no markets, and nothing to sell.
This should’ve led to a huge correction in the US economy after dotcom went pop, but instead the Central Banks built a huge debt bubble and deliberately popped it in 2008, this didn’t collapse China. Russia kept recovering, and to be honest, the NWO lost the plot. You can say it was planned, if you want an easy answer. There was planning from about 2000, but the mess started in the 70s. I’m sure there were sheeple in the 50s who could see the path was bad, but the 70s was the last real high point. This is when state debts started growing, and this is when they really started offering credit to the sheeple, just so they could buy things, because this is also the time when Western sheeple felt a steady decline in buying power.
The elites just enjoyed their stocks making money on the back of growing debt. All the debt has done is allow the so called capitalist system to keep going, this is why after 2008, we saw stupid amounts of QE.
The current crisis does have a plan, but there’s no evidence that it’ll work, in fact, more edicence that the West is doomed and repeatedly shooting itself in the foot.
A simple analogy is that the Western entitled elites have been dinning very well, but theyve over eaten, and are now rolling around on the floor in agony. Many of us have that sudden realisation that we’ve eaten too much, but we feel okay, and an hour later, we are suffering. Russia and China have just arrived at the restaurant.
It is just the next planned step to a globalist Fed-run-and-controlled digital currency with the planned replacement of the US dollar as the major world-reserve currency. It is all a part of the long-planned NWO government and military to enforce trade in it. All of the cabal puppet nations of the West plus Russia, China and India are completely on side with such a currency, and that is the only reason for their pretense and tacit support for any of the major UN sustainability pretexts including the environmental and production controls.
The direct and immediate result of the Russian occupation of the Ukraine has seen both Russia and the PRC no surprisingly pulling away from the US dollar, which can only be interpreted as support for the BIS pitch of the globalist money power for its replacement. The US has already given up its OPEC mandate to force nations buy fuel in US dollars, and what Russia is doing right now by trotting out a gold-based currency should not be a surprise or unexpected.
However, like everything out of the Mad Magazine script for a New World Order, no major change, necessary or not, is ever justified in the West without some massive deception, such as a fake pandemic, false flag, or a contrived little war, to frighten the people into submission. Otherwise all of the trillions in expenditures for major industries which specialize in fakery and subjugating the people to fear would be a waste. The US and the UK are clearly the most proficient in the use of all of the industries of fakery and fear mongering, when you consider: their massive propaganda and brainwashing sophistication; their fake media and election processes; their all-encompassing surveillance systems constantly monitoring us and any resistance to their efforts: their coercive top-down order controlling all of our major institutions and corporations as well as the money supply; and of course, whenever needed, their use of intelligence agencies and the military to do their wet work, and mainly for the “shock and awe” effect augmented with tactics to bomb and strafe the shit out of innocent civilians and to destroy infrastructure so that they can flood victim nations with their fiat money while giving the rebuilding to their own and favored firms.
Russia and China simply want a bigger role to play in the game. Their sophistication to fool the people is way, way behind anything in the West. For instance, look at the dumb-ass efforts of the PRC government in kicking off the Covid scam in November and December 2019, and their bozo efforts going on right now in demonstrating their allegiance to the globalist cause by locking down Shanghai. No doubt as the money-power cabal has been so blatantly interfering with supply lines, putting further economic squeezes on the people of the West to make us more pliant to government dependency and controls, the Chinese economy is also suffering and things are bottled up in Shanghai. To show their good faith with the cabal they are likely simply cooperating with the fake effort of blaming the Covid virus for the slow downs. In any case, China is a totalitarian and highly repressive nation and has always relied on more direct and inexpensive methods to suppress its people as is clearly seen in any Covid film footage from that nation. In China their sophistication in fakery lags way behind our of the West. I am sure the cabal and our governments in comparison are congratulating themselves in how far they have come in fakery development with the trillions of tax dollars spent on the crooks in all of those industries.
Does the globalist money power wish to change the way things are done by taking such ostensible powers away from their chief bully boys on the block? Not on your life. All they are doing is calling it something “new” while it is the same “old world” order run by themselves. Covid is clear proof that all they are doing now is imposing the same methods of control through fakery but they are doing it on a global scale. The only sustainable development they are really concerned about is the development of greater and more encompassing control systems with every-increasing sophistication in mass deception, mass brainwashing, mass hypnosis, mass intimidation and mass coercion methods to be used against us.
Covid proves everything I have said without any exaggeration.
There must be a joke about the gassed Arbeiter somewhere.
@ Tony O’neil
RE: ” President Putin is the greatest chess player in the world. ”
Putin is not playing chess , he one of the pawns on the chessboard , being moved around by the JWO oligarchs who own the chessboard and every piece on it. Same can be said for every other presidunce , crime minister , and administrative official involved in this diabolical game show known as international politics. Fred B is correct — the current monetary policy shift is
just one step of many to come that will eventually lead world digital based currency.
There are no autonomous countries or leaders in this world . All decisions and policies are dictated by JWO power structure , including current Russian policies . The British empire of the 19th century or American military , industrial , economic power in the 20th and early 21st century were in the end , never about benefiting UK and USA , but rather , these ” empires” were used as vehicles to project the power and interests of international oligarchs. Pax Romana , Pax Brittanica , Pax Americana , all leading up to the endgame of Pax Judaica.
@ Tony O’neil
RE: ” President Putin is the greatest chess player in the world. ”
Putin is not playing chess , he one of the pieces on the chessboard , being moved around by the JWO oligarchs who own the chessboard and every piece on it. Same can be said for every other presidunce , crime minister , and administrative official involved in this diabolical game show known as international politics. Fred B is correct — the current monetary policy shift is just one step of many to come that will eventually lead world digital based currency.
There are no autonomous countries or leaders in this world . All decisions and policies are dictated by JWO power structure . including current Russian policies. The British empire of the 19th century or American military , industrial , economic power in the 20th and early 21st century were in the end , never about benefiting UK and USA , but rather , these empires were used as vehicles to project the power and interests of international oligarchs. Pax Romana , Pax Brittanica , Pax Americana , all leading up to the endgame of Pax Judaica.
To juan kerr–I do not know why you call yourself that, but it fits when you are recommending Eric Dubay, who always sounds like he wants to stab somebody and is thick-as-shit and/or working for some sort of Scum organisation. Doctor John Coleman’s book said that closing NASA was in the Agenda, (which White Elephant should have noticed when he read it, unless I have remembered wrong).