‘Rublegas:’ the world’s new resource-based reserve currency — Pepe Escobar

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.…

The effect is twofold (at least):

• This arrangement avoids sanctions.
• Payment is rubles supports the exchange rate of the RUB.

The Cradle
‘Rublegas:’ the world’s new resource-based reserve currency
Pepe Escobar
https://thecradle.co/Article/columns/8638

See also

Tom Luongo parses this more deeply from his Austrian economics Libertarian viewpoint.

(The Central Bank of Russia will purchase gold from domestic banks, who purchase it from miners, at a fixed rate, initially 5000 rubles per gram. I believe it was Sergei Glazyev that came up with the ruble-gold fixed rate scheme.)

Gold Goats N" Guns

#GotGoldorRubles? Russia Just Broke the Back of the West (28 Mar 2022)

Tom Luongo

https://tomluongo.me/2022/03/28/got-gold-rubles-russia-just-broke-the-back-of-the-west/