A certain President of the United States once said a phrase that almost sums it all up today: "it's the economy stupid!", it is certainly clear that no matter how many bullets, guns, planes, fire, tears and blood we see on TV and endless meetings and statements of politicians, the economy is the alpha and omega of all armed conflict.
When in January 2022 we imagined a new year with a lot of good news thanks to the false belief that the COVID was already a thing of the past because of the controversial vaccines, the conflict in Ukraine tells us that this global economic ordeal is still going on and the famous light at the end of the tunnel does not seem to be in sight, at least in the short term.
We are back to the Cold War, again the West vs. the East, again the nuclear threat and once again economic sanctions are the order of the day, although in this last line the United States and Europe applied to Russia the most forceful economic condemnatory arsenal ever applied to any country, starting by disconnecting the world's largest country from the SWIFT system.
However, there is nothing more hypocritical than politics, and when those who engage in this art of deception speak, the economy reveals the true hidden face of reality. Europe joined the fight against Russia without considering its enormous energy dependence on the Slavic giant, a reliable and economic supplier of energy to its Western neighbors.
Europe naively believed that by ceasing to buy gas and oil from Russia they would surrender, but the truth is that the Eastern giant not only continues its invasion of Ukraine but also continues to sell gas to the hypocritical European Union. European Union. Not only that, they have just announced that from now on if they want gas and oil they will have to pay for it in Rubles, the Russian currency. Faced with the Eastern ultimatum, Europe says to Russia: keep your damn gas, the USA and Qatar will sell it to us.
The problem for the Europeans lies in the fact that the Kingdom of Qatar has announced that supplying Russian gas is impossible in the short and medium term, and that US shale gas is 5 times more expensive than Russian gas and must be transported by ship, while Russian gas arrives directly in pipelines and continuously to Germany and the rest of the continent immediately.
Evidently the political rhetoric overlooks this detail and while in front of the cameras the head of the European Union Ursula Von Der Leyen talks about the effectiveness of the sanctions against Russia, the truth is that when the journalists leave, the communication with Putin is present begging for a more "decent" alternative to supply Russian gas and oil without paying for them in rubles or violating the sanctions system.
It is here where Russia takes pity on the energy needs of the "hostile countries" and tells them: "very well, I give you another alternative, I sell you oil and in exchange you pay for it in Gold and Bitcoin". Interestingly, this economic decision represents what could be the beginning of a new era in the world of cryptocurrencies. Since the beginning of the fiat era in 1971, oil was only sold in US dollars, in this way the United States built a world order based on the power it consolidated with the tacit obligation of the rest of the world to buy the blood of the industrial era with its currency.
Although it may seem contradictory, if the West had not applied these sanctions to Russia absolutely nobody would think of the Bitcoin as a possible currency to pay for oil, but not only the Eastern giant has planned to adapt its economy to facilitate trade without fear of being blocked, even if they do not say so, the allies of the United States also consider that if they can suffer the same fate of Russia to look after their own interests, it is well worth adopting a digital currency (decentralized or not) far from the reach of the power of foreign powers.
At once the USA warns Europe that its expensive shale gas must be paid for in US dollars, so euros and pounds sterling will only serve to create inflation on the old continent and in the British Isles. Countries like Spain, Portugal and Greece, some of the most economically compromised in Europe, are suffering the rigors of the sanctions against Russia, hundreds of transports have stopped, industries and companies have closed because they cannot pay the energy costs without taking into account the increase in taxes.
I do not believe that the BTC will overtake the dollar in the short term, but we already see that it is possible to overcome the dictatorship of the Fiat system through the use of the most important technology created by the human being: the Blockchain technology with its powerful Bitcoin leads this new era.
Posted Using LeoFinance Beta
Wait! Is this for real? Has Russia seriously said they would sell gas to be paid for in gold and BTC? Do you have a source for this?
Ask yourself: why would I want dollars if I run the risk of having them confiscated? And yes, Russia declared that whoever wants their oil if yesssssss they don't want to pay for it in rubles then do it in gold or BTC.
https://www.google.com/amp/s/www.cnbc.com/amp/2022/03/24/russia-might-take-bitcoin-as-payment-for-oil-and-gas-as-sanctions-rise.html
Posted Using LeoFinance Beta
Oh I see, thank you.
Reading the article, it's not super clear, but I think only "friendly" countries could buy with gold or BTC... all the "unfriendly" countries still have to pay in Ruples.
I usually read between the lines, Europe is desperate to reduce the cost of its energy and Russia needs to sell its gas and oil, from a rhetorical point of view both are enemies (or hostile) but when it is necessary to feed the population (and get votes) suddenly the enmity is not so clear and alternatives sprout like mushrooms in a rainforest. The BTC is the key to this issue
Posted Using LeoFinance Beta