Doesn’t work like that if they don’t have the gold reserves to back it up. And now they have 85% all goods and services cut off the international market. Which is what money is supposed represent.
LOL you are smoking crack. China is on its borders they will do fine with Trade. Russians are fucking tough people and they can do with less. They are use to it.
Its not like the fat fucking cunts in USA, Canada, UK etc..
You're correct. But as a temporary measure to stop people dumping Rubles, offering gold as an incentive is clever. As you say, whether that makes sense longer term is questionable.
Being cut off from a financial system that's actively internationalist and opposed to you isn't a negative if you're ultranationalist and have already accepted that those goods have too many strings attached.
It's a game of chicken, and honestly Russia can turn off the oil & gas pipelines next winter if they're still being locked out of the international marketplace. Germany will cry uncle faster than Russia goes bankrupt. Any move that gets them closer to that point, short term, is a win for them.
Yep. Hence trying to make it a medium for buying gold, the same way the dollar is a medium for buying oil.
It's desperation on Russia's part.
Doesn’t work like that if they don’t have the gold reserves to back it up. And now they have 85% all goods and services cut off the international market. Which is what money is supposed represent.
LOL you are smoking crack. China is on its borders they will do fine with Trade. Russians are fucking tough people and they can do with less. They are use to it.
Its not like the fat fucking cunts in USA, Canada, UK etc..
You're correct. But as a temporary measure to stop people dumping Rubles, offering gold as an incentive is clever. As you say, whether that makes sense longer term is questionable.
Being cut off from a financial system that's actively internationalist and opposed to you isn't a negative if you're ultranationalist and have already accepted that those goods have too many strings attached.
It's a game of chicken, and honestly Russia can turn off the oil & gas pipelines next winter if they're still being locked out of the international marketplace. Germany will cry uncle faster than Russia goes bankrupt. Any move that gets them closer to that point, short term, is a win for them.