Video: Russia & Germany settled oil & gas payment terms broke US dollar hegemony, US nightmare just begun 德國與普京私下和解 歐洲撐不住 美國的惡夢和頭疼時刻開始 自討苦吃
The video is in Mandarin. Let me sum up on the essence of Russia and Germany agreement on payment to purchase Russia oil and gas. Russia demand payment in Russia currency not Euro, if Germany agreed will upset US. Therefore what German will do is ask Russia to do the conversion from Euro to Russia currency for them. In other words, Germany pay in Euro, Russia Central bank immediately convert it to Russia currency based on Russia to Gold exchange rates announced by Russia Central Bank last week. I think Germany will shared the agreement with EU so they could do the same.
It’s a smart play by Russia to defend and stabilize both their respective currencies that challenges the US dollar as the dominant global currency. It can also destabilize the US dollar if other nations also begin to trade in the euro, which would defeat US practice of flooding the global market with the weak US dollar to ensure its position (as the dominant global currency).
Most Americans fail to understand that many of the global central banks covet the US$ to check inflation of their own relative currencies, and our inflated prices is partially due to this practice of printing dollars and use of credit to further weaken the US$, arguably by keeping prices affordable. Past and current US presidents know of our practice of buying now, paying later with weaker dollars, but this practice causes rising prices for Americans over time. Americans are duped into thinking that a two bedroom home, purchased $500,000 ten years ago & being worth $1 million today, has grown in value, but, in reality, it’s still a two bedroom home.
The key to Russia’s strategy is related to getting the Euro off the US peg; China would be a key to this strategy demonstrating that China is a better friend than an enemy. If China is to step in and demand that the RMB, aka Chinese Yuan, replace the US$ to back the Euro, it would drop the US$ in the global order by the chaos that would result. Sad that the US shifted to a strategy of demonizing China and using NATO to threaten Russia by using Ukraine.
There is a reason why cryptocurrency is emerging to weight average all the global currencies via the free market. Even if the US creates its own US backed bitcoin, it’s q question of its relative value as the US$ (and assets expressed in the US$) will further diminish in value globally (inflation, or in the worst case, deflation). For us Americans, we’ve been riding high on the verge of reaching towards the crest of the downslope in a roller coaster.
The inflated dollar is our Achilles heel which Russia threatens to go from a defensive position (with NATO challenging) to an offensive position in shifting the global order.
https://rumble.com/vze763-russia-and-germany-settled-oil-and-gas-payment-terms-broke-us-dollar-hegemo.html
https://www.facebook.com/100036400039778/posts/684509079439087/?d=n
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