Russian energy chief says country will begin taking payment for oil in gold, bitcoin to bypass Western sanctions
(Natural News) The chairman of the Russian Energy Committee says that his nation is likely to begin taking payment for energy exports in “hard currency” and Bitcoin.
“If they want to buy, let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us,” said Pavel Zavalny, a Duma deputy, according to an English translation of his words.
“The set of currencies can be different, and this is normal practice, [so] you can also trade bitcoins,” he added.
Perhaps in response to Zavalny’s remarks, Bitcoin rose last week to $44,000 for one of the currency instruments, Big League Politics reported.
Meanwhile, much of the West continues to support Ukraine with sanctions on Russia, though the Ukrainian government was a corrupt authoritarian regime prior to the Russian invasion on February 24.
But more than anything else, Russia — with Chinese assistance — appears to be on a path to separate itself from the current globalist order, and will take its vast wealth in natural resources with it.
That said, what is more maddening is the effect those Western sanctions are already having on the global order the elitists created without even our tacit approval. The interconnectivity of relying on others for resources and capabilities that could be domestically produced began decades ago in the U.S. with the North American Free Trade Agreement (NAFTA) which built on GATT — the General Agreement on Tariffs and Trade signed in 1947 by 23 countries after World War II. GATT “was a legal agreement minimizing barriers to international trade by eliminating or reducing quotas, tariffs, and subsidies while preserving significant regulations,” according to Investopedia. It “was intended to boost economic recovery after World War II through reconstructing and liberalizing global trade.”
Over the decades, the agreement was expanded, leading to major losses of key industries and sectors in the U.S. as our ‘leaders’ signed away our internal production capacity and allowed it to be outsourced to other nations, to their benefit and to the detriment of America.
This is why Donald Trump was such a threat: He was almost single-handedly trying to reconstitute key industries in the U.S. while repatriating others, but our globalist deep state wouldn’t have it because they are heavily invested in the ‘interconnected’ world they helped create and maintain, as they are the products of Ivy League schools that teach internationalism and shun ‘America First’ principles.
To assist in our continued engineered decline, the deep state not only ensured Trump’s defeat, but the installation of the least capable ‘president’ ever: An elderly man suffering from early state dementia who has long lost the mental capacity to function in a diminished societal role, let alone as commander-in-chief of arguably the most powerful nation on the planet. And it shows: Vladimir Putin would not have invaded Ukraine had Trump been allowed to win reelection, and that much is obvious as noted by current events. Worse, while Putin’s military continues to pound Ukraine into submission, China is watching Biden’s impotence while he projects abject weakness on the world stage, as Beijing’s preparations to take Taiwan by force move forward.
In the ashes we are left with a reduced food supply, greater dependence on others for oil and gas we were producing domestically under Trump, the highest inflation in modern history, a supply chain crisis that only worsens, and shortages of everything from toys to lumber to steel to computer chips, all of which Biden and the Democrat-controlled Congress have created and then made worse.
Russia will continue moving away from the Western-controlled world order because now, for them, it is a matter of survival.
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GUNS N GEAR
So today the RUSS energy chief told the EEC: “Pay for energy in RUSS rubles or PMs.”
German Minister of Economy shot back: “Nope! Honor the written contract signed BEFORE the sanctions! Pay in dollars or Euros as agreed.”
Mexican standoff–except, guess whose hands are on the “ON/OFF’ energy valve? Yep–the RUSS.
EEC can huff and puff all it wants; threaten RUSS with “Lawyer Daggett,” and drawing out legal arguments and court cases like an unholstered six-gun, to no avail.
Hope the next Winters are mild in Europe and their Haber process plants for making fertilizer outta nat gas find a viable substitute. Not likely. Freeze and/or starve to death. Yeah–those violent and vengeful crowds will be great for politicians who refuse to pay for energy denominated by the supplier.
Oh–and Uncle Sugar to the rescue with LNG? (Biden’s plan all along.) Don’t count on it–how many EEC ports are set up to offload millions of cu ft of LNG to EEC ports? Not many. Oh–and what about the eco-nut cases in the EEC? “Save the snail-darter in Hamburg–let us all freeze and starve to death for the snail-darter and Mother Gaia!” Ya–that will work
Same with the vast navy of ocean-going LNG container ships available–far and few between.
Back to basics: a two party exchange that BOTH must agree to freely. It’s like about 50 years ago when we three restless young teenage boys in our family were counselled every Friday and Saturday night as we left the homestead in our trucks to go raise hell in the “big city” down the road:
Pappy would always tell us: “Boys, now remember the ‘Iron Rule’ of wine, women, and song:
“NO MONEY–NO FUNNY!”