No no, it IS a real currency. It's backed by something (gas, oil, resource).
It's that the dollar and petrodollar as a global currency isn't any more.
They've separated the dollar away from gold and silver and they've shot themselves repeatedly over oil pipelines to justify going to war.
The UK fucked up their economy back in the 70s shutting down most industrial plants for service based industry and London centrism.
Germany and the EU did the same, switching to service based distribution.
Service based currencies like the euro and pound are held up by sheer fucking will of those who use the currency and laws that make it illegal to NOT use the currency.
For example in the UK trading labor, for food, counts as a taxable income, even if money isn't involved.
Russia is sensible in that they kept it based on a tangible resource and allow the citizenry a little leeway. By not forcing the citizenry to use the ruble for EVERYTHING they don't have to control it's inflation etc so tightly.
I believe it is mostly propped up by a "trade" based economy. Our economy only works as long as our bankers class is the middlemen in the world's business. As soon as the "trade" sector gets cut out, the service sector will collapse instantly
No no, it IS a real currency. It's backed by something (gas, oil, resource).
It's that the dollar and petrodollar as a global currency isn't any more.
They've separated the dollar away from gold and silver and they've shot themselves repeatedly over oil pipelines to justify going to war.
The UK fucked up their economy back in the 70s shutting down most industrial plants for service based industry and London centrism.
Germany and the EU did the same, switching to service based distribution.
Service based currencies like the euro and pound are held up by sheer fucking will of those who use the currency and laws that make it illegal to NOT use the currency.
For example in the UK trading labor, for food, counts as a taxable income, even if money isn't involved.
Russia is sensible in that they kept it based on a tangible resource and allow the citizenry a little leeway. By not forcing the citizenry to use the ruble for EVERYTHING they don't have to control it's inflation etc so tightly.
I've never understood how the west thinks it can have a society of people serving each other coffee.
I believe it is mostly propped up by a "trade" based economy. Our economy only works as long as our bankers class is the middlemen in the world's business. As soon as the "trade" sector gets cut out, the service sector will collapse instantly