Guest Post by Kit Knightly
It’s official, as of right now the Russian ruble is worth more US dollars than before the invasion of Ukraine.
On the 22nd of February this year, one US dollar would exchange for just over 79 rubles. As of the time of writing, it is now 78.
The same is true of the British pound (around 108 rubles before, 102 now), and the Euro (88 rubles before, 84 now).
Across the board, the ruble is stronger than before the war. So, how has this happened?
Aren’t NATO, the EU and the rest of the “international community” meant to be crippling the Russian economy with biting sanctions?
The media are claiming that the strength of the ruble “may be illusory” or that Russia has exploited a “loophole” in the sanctions and used “financial alchemy” to “rescue the ruble”.
Reminder: In 2014, when the west sanctioned Russia over the Crimean referendum, the ruble lost almost half its value.
It recovered slightly in 2016, and has since stabilized, but has never come close to its pre-Crimean worth:
So, presumably the earlier sanctions didn’t have a “loophole” in them, and/or the Russians either weren’t aware of this “financial alchemy” back then, or simply decided not to use it.
Of course there is one key difference between 2014 and 2022 – the oil market.
As we have written before, in 2014/15 the US and Saudi Arabia flooded the market with cheap oil and crashed the price. Russia (and Iran, and Venezuela) all suffered huge economic damage from this move.
But far from repeating this tactic, Saudi Arabia has increased their prices.
The Western press claims that the US asked Saudi Arabia to increase oil production and they refused. They claim Saudi Arabia “sided with Russia”, and that they should be “punished”.
Meanwhile, Turkey has just suspended the trial of the Saudi citizens alleged to have murdered journalist Jamal Khashoggi, a move that should please the Saudi government no end.
The West seems as bad at “punishing” their misbehaved allies as they are at tanking the value of the Russia’s currency.
To sum up – The price of oil is going up and the ruble is worth just as much as it was before the war.
At the same time, Europe and the US are expecting food and gas shortages, seeing record petrol prices and talking about rationing.
Last week we wrote a piece asking “Is Russia the REAL target of Western sanctions?”
As the war continues, and the ruble strengthens, the answer is becoming pretty obvious.
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We’re all guessing but one thing I get from this is that it’s no happenstance. There are no coincidences in power dynamics. It was most likely the plan all along. Putin, bastard that he is, is in the Big Club (unlike you and me.)
Who benefits from turning Ukraine into a disfuctional mess?
ruling sociopath grifters
That was not their A Plan which was to draw Russia into a war, and beat her down like our cronies did in Afghanistan; it was also to give America a war to divert attention from TPTB Covid Genocide while boosting our Economy and weakening Russias’. None of the State Department’s diabolical Regime Change plans have worked out to our advantage ( although they have left Israel’s enemies in despair) and neither will this Ukraine SNAFU. Putin will win this war and the FJB Suctions will end up cutting our own throat; that will cause US hyperinflation Chaos that TBTB plan to take advantage of to force their CBDC (Fedcoin), their Universal ID (Mark of the Beast), Shots and Passports on Americans. That is grounds for a Bloody Revolution to stop it if necessary , unless Big Brother ZOG’s Total Slavery is preferred. The Eastern Block Peasants kicked their Oligarchs out in 1990 and we are overdue to do the same to our Elite Tyrants. Crush the D-Party like an old V8 gas-hog last decade; crush them like the Twin Towers fell on the DNC and RINOs. Replace all politicians with citizens who will treat the WEF, the CDC etc like the Nazis at Nuremberg. May God help US, Amen.
Biden/Harris is talking tough with the Russians.Meanwhile,their actions seem aimed more at the American economy.