How Are Those Sanctions Working Out, Guys?

Unfortunately, the sanctions the US put on Russia do not appear to be harming Russia at all, even as they are furthering the destruction of the economy of the West, and setting the stage for a collapse of the dollar as reserve currency.

Russia has just announced that if Europe wants its oil, they’re going to have to pay in rubles. This will heavily reenforce the ruble, of course. Presumably, it will make up for most or all of the damage that the sanctions have caused.

RT:

Russia will now accept payment for gas exports to “unfriendly countries” in rubles only, President Vladimir Putin said at a meeting with the government on Wednesday.

The president explained that Russia plans to abandon all “compromised” currencies in payment settlements. He added that illegitimate decisions by a number of Western countries to freeze Russia’s assets destroyed all confidence in their currencies.

“I have decided to implement in the shortest possible time a set of measures to change the payments for – yes let’s start with this – for our natural gas supplied to the so-called unfriendly countries in Russian rubles, that is to stop using all compromised currencies for transactions,” the Russian president said.

“It doesn’t make sense to deliver our goods to the EU and the US and get paid in dollars and euros,” he added.

For those who don’t know the details: it is impossible for Europe to shut off Russian gas any time soon. They will literally freeze to death, or have to figure out some kind of wooden steam system.

People were saying Russian might just shut off the gas and let Europe deal with the situation, but this is much better.

The ruble bottomed out on March 7, and has been largely recovering. It’s only down 13% over the month of war.

If you consider that Russia is currently under the most severe economic sanctions in history by the most powerful economic entity in history – it’s not looking too bad.

That 13% isn’t going to affect anyone’s life in Russia, it only affects international trade. Not a big deal. No one in Russia is suffering from this, unless you consider being denied PornHub, Netflix, and McDonald’s as “suffering.”

This ultimatum to Europe will give it its 13% back.

Meanwhile, the Russian stock market, which was closed on the day of the incursion into the Ukraine, was reopened and is doing fine.

RT:

Russia’s stocks continued to rise sharply on Thursday as the Moscow Exchange reopened for limited trading this week, after suspending most of its transactions on February 28.

The ruble-based MOEX benchmark went up more than 11% to 2,743 points. The dollar-denominated RTS index of leading Russian stocks was down slightly, to 888.59 points.

The Moscow Exchange resumed trading in 33 Russian equities, including shares of Gazprom, Sberbank, Aeroflot, and other domestic firms. Oil majors Rosneft and Lukoil were both up by 20% and 16%, respectively. Aluminum company Rusal rose more than 14%, while Norilsk Nickel jumped more than 22%.

So, basically, the US operation against Russia has been like a situation where a guy breaks into your house and is waving around a gun at your family, then he goes ahead and puts the gun in his mouth and blows his own brains out. You’re going to have to clean the brains off the wall, and repair the locks on the door, but otherwise you’re going to be good. The intruder, however, is not so good. He’s just blown his own brains out.

This is all happening very quickly.

It’s hard to keep up with.

But the US has effectively committed a very public suicide in the name of a bizarre moral signaling campaign about how they are very good people and so oppose the very bad Russians.

It now looks to me as though this thing was planned over a very long period of time. Since the Maidan, Russia, presumably working with China, has set a trap for the United States in the Ukraine. They knew that after the revolution, the West wouldn’t be able to help itself, and would move NATO forces into the country, and NATOize the country, and so they planned the response – and understood the US response.

There had to be an invasion, because they had to get the US to act in this deranged way, which is the result of both unfathomable hubris and the general degrading of the culture into a state of nonstop moral panic.

The US has already lost.

Putin has demonstrated hypersonic missiles in the Ukraine. These cannot be shot down by any of NATO’s missile defense systems, meaning if NATO tries to attack Russia conventionally, Russia can strike targets across Western Europe. Moreover, there is just no way to invade Russia.

The only remaining options are to back off or start a nuclear war.

It is looking like they will do some kind of chemical attack false flag hoax in the Ukraine, but I don’t even understand what purpose that serves. The only people who will believe that are the “international Community,” which America is already dragging down to hell with them.

There are other theories. Alex Jones and others are saying that Western intelligence is planning to assassinate Joe Biden and blame Russia. That seems a bit outlandish, but I guess you never know. Still, I don’t really see what purpose that would serve. Russia can just say they didn’t do it. Then what changes?

The wheel is already turning.

The jig is up. (read more)