As I'm sure everyone is aware of the happening involving a certain two countries. What people may not be as aware of is the full-on economic WWIII that is being waged between the West and Russia, with battle lines being drawn across the world.
Consider first and foremost, that the countries that have passed sanctions against Russia is NATO countries, EU countries (even then, some are hesitant due to their dependence on Russian oil and gas, more on that later), and the G7 Countries (US, CAN, UK, FR, IT, DE, JP) as well as South Korea, Australia, New Zealand and a smattering of Pacific island nations.
But what of the rest of the world?
Know this, the economic WWIII that is being waged goes far beyond Ukraine. What is at stake is nothing less than the future of the US Dollar itself. But for that, we need background.
The Petrodollar: In the 1970s, President Nixon took the US Dollar off the gold standard, effectively rendering it a fiat currency that can be just printed at will. A myriad of reasons went into this decision, but around the same time, the US made a deal with the Saudi royal family: The US would guarantee protection for Saudi Arabia, if the Saudis traded oil for exclusively dollars. This marked the beginning of the US Dollar as the world's reserve currency as Saudi Arabia was the #1 producer and exporter of oil worldwide. This in turn meant other countries needed to buy up dollars in bulk to purchase Saudi oil, thus creating a massive demand for US dollars as the rest of the Middle Eastern OPEC countries adopted the dollar for oil trades. Therefore, the dominance of the US Dollar was cemented throughout the world especially since EVERYONE needs oil in order to even function, much less have proper militaries.
This has several effects on the Dollar. Due to the sheer global demand for the dollar, this makes the US dollar have massive purchasing power which in turn means we can just simply run massive spending bills and export the inflation to other countries. If the Dollar fell in value, exporters who need our consumption would witness their currencies grow stronger, which in turn means higher prices for their exports, which creates lower demand as the US would have to pay more for those exports, which in turn means less imports from those exporters, which ultimately hurts them. So they intentionally devalue their currencies in order to keep the system going. In short, the Petrodollar is good for the US... not so good for everyone else.
This is why the US government passes spending bills that are now in the trillions and has racked up over $30T in debt with impunity, because they've never needed to worry about spending limits, they can just print more money as needed and export the inflation to the rest of the world.
However, this all hinges on the rest of the world wanting our dollars. What happens if other countries try to trade oil for other currencies? Enter Saddam Hussein. In the early 2000s, he tried to trade Iraqi oil for Euros. He was overthrown, and Iraq went back on the Dollar with no discussion of going off the Dollar since then. Gaddaffi tried to trade Libyan oil for a gold-back Dinar as part of the push towards integration within the African Union. He was overthrown and brutally killed by a mob after a NATO-led intervention against him with airstrikes and a color revolution.
These are all backwater countries that have no hope of standing up to the US military obviously. What happens if Russia or China go off the Dollar? So what do we do if say, the BRICS countries dump the Dollar? Make no mistake, dumping the dollar globally means the inflation we've been exporting overseas will start coming back home. The "official" 8% inflation figure in the US is just a small taste of what's to come...
Back to the economic WWIII at hand. The trigger was when the Western world passed sweeping sanctions against Russia including seizing half of Russia's foreign exchange reserves (amounted to $300B out of $640B). But what are foreign exchange reserves?
>Foreign exchange reserves (also called forex reserves or FX reserves) are cash and other reserve assets such as gold held by a central bank or other monetary authority that are primarily available to balance payments of the country, influence the foreign exchange rate of its currency, and to maintain confidence in financial markets.
>Often, for convenience, the cash or securities are retained by the central bank of the reserve or other currency and the "holdings" of the foreign country are tagged or otherwise identified as belonging to the other country without them actually leaving the vault of that central bank. From time to time they may be physically moved to the home or another country.
Know this: the seizure of Russia's fx reserves has sent waves throughout the financial world as other countries that aren't highlighted in yellow in the third picture have started to question the wisdom of holding US dollars when their reserves can be seized by the West in an instant if they should fail to toe the Western party line. Some have even cut out the dollar altogether in trades with Russia. Enter India.
Not long after the Ruble crashed and the price of Russian oil collapsed well below the Brent crude asking price, there were reports that India made a deal to buy oil from Russia at a hefty 25% discount. Most significantly, the payment was to be made in Rupees, not Dollars.
India has a vested interest in continuing friendly relations with Russia for two main reasons: Russia supplies the majority of weapons for India via sales, and India wishes to have a friendly Russia as a counterweight to China. Russia in turn wishes to turn India against the West and also have India available in order to prevent utter dependence on China, while also selling Russian oil to both countries. Realpolitik in action.
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She has a point on the first part though. Sanctions have never been effective in stopping military conflicts or causing regime changes. It's all pointless damage to the global economy.
F for Finland, Play stupid games, Win stupid prizes.
In a free country you can fix problems, but you can't fix problems in a police state.
If you don't like the weather in a free country, you can move. In a police state, the border is closed.
If you don't like your wife in a free country, you can get a divorce. In a police state, you can't.
If you are sick in a free country, you can go to the doctor. In a police state, you can't.
You’re implying Russia would accept any new plan like that, but Russia is less in a position to disagree today than a couple of weeks ago.
Are these sanctions even effective? What's the endgame here?
That word is a misnomer to cheat the normies and make them to believe that there is an economic war against the "evil" Russia. The truth is that it is a war is against all of us, done by our own governments and planned by the (((banksters))).
The name of the game is Agenda 2030, but it is sold to the normies as Climate Change, Green New Deal, Build Back Better, and many other euphemisms.
>>345502>Are these sanctions even effective?
Of course not. All the contrary, and it is done on purpose.
Russia and China will emerge from this circus as the almighty winners and the West will banish into oblivion after being reduced to third world status.
The following is a very good long analysis (2 hours long) about the self-sabotage of the western governments demolishing their own economies, with a notorious flaw, the talkers say that the western leadership is stupid and reckless like they are ignorant and economically illiterate; this is absurd and only a deliberate malign intention explains their behavior ---> Agenda 2030.>EU circular firing squad, approves Russia oil embargo w/Gonzalo Lira (Live)https://www.youtube.com/watch?v=LSCpFqM93hA
>>345504>it is done on purpose
Why would western governments do that on purpose?
To achieve the (((banksters masterplan))) of "The Great Reset" newfag.
See >>286845 →
Anyway, while western countries are committing planned economic collapses to starve their people and make them dependent on government, they're definitely not trying to make Russia and China the dominant powers in the global market.
>>345824>they're definitely not trying to make Russia and China the dominant powers in the global market.
Go figures then, by claiming to economically punish those countries, the west has committed seppuku. If you don't know that, then you are indeed a newfag.
I've been here for 5 years, and a /pol/ user for 10 years. You type like a 2015+ tourist.>west has committed seppuku
By accident. That's not the same as doing it on purpose.
>>345827>That's not the same as doing it on purpose.
Seppuku is on purpose, not an accident.
Lurk moar newfag, you need some insight on Japanese culture.
Lmao, whatever you say, lad.
Ask me how I know ur a newfag, without telling me you're a newfag. >pic related is irrelevant
Who really is the newfag?
>Medieval EU: Plant Oats, Raise Goats.>How many years will it take for Russia to adapt and stabilize to a new level of sanctions? Probably not long but, in the meantime, I believe that Europe will deindustrialize as plentiful, reasonably priced, Russian energy and food now sanctioned must be substituted by some yet to be identified source. Today, the German Prime Minister was "hopeful" that in 2023 Energy Production in Senegal may be ramped up to provide additional energy for Germany. This is highly irrational. Siemens, a great German technology company that requires large quantities of energy to produce its products, is now scrambling to find new sources. https://www.facebook.com/permalink.php?story_fbid=168588762335813&id=100075540700231
Yeah, it is from jewbook but deeply insightful nevertheless.
You hate to cry wolf, but you need to get your money out of the bank, buy gold/guns/ammo/food, and buy a sailboat or move to a small town in North Dakota today.
Anon, our politicians here are cuckservatives at best, we're being flooded by <90 IQ goblino spicoids, and we're being colonized by Californians. I hate to say it, but we'll be a fucking blue shit hole by 2030.>>345945
This, but we're going to run out of places to run eventually and we'll end up like the Boers if we won't fight. Hypothetically, of course. Just saying.
You sound awfully cucked already. Still living with parents?
Sup newfag. Still lurking around?
My, seems I hit a nerve. Accusations of bait and newfag,... seems my suspicions are correct. Still at the bank then? Hope u have your OWN bank account by now though.
>>345969>Hope u have your OWN bank account by now though
Only normals are retarded enough to interact with zog banks. Cryto and cash are kings.
I can bet that you allowed to be injected because of a muh job and that salary you consider a lifeline.
Thats hilarious, if you know who Im adressing. I guess only normals interact with lawyers too, huh?>crypto and cash are king
And guns and bullets; no contest, but some customers pay by check so its still good to have one in your name so you can cash shit out.>muh job/salary
Nigger, my family/business
are in rural texas, where except among the ACTUAL cucked, there was never a mask or a vaccine to be seen.
(You) draw unsupportable inferences alot, dont you?
But, to take a moment and address the "Texas is are cucked" crowd;
I'll start by stipulating a few things.
1. The overwhelming majority of inter-state migration is from major citites of major states.
2. Most of generational Texas has been planning and stockpiling for the NEXT civil war ever since the LAST one.
The point being, old-school Texas has far more inbred retards who can shoot the wings off a fly than CA, WA, NY, and Chicago could ever export, and ours arent confused about their gender or worried about microaggressions. AND we have lots more guns. North Dakota is okay I guess, if you want to avoid the front lines, but careful you dont find yourself behind enemy lines, jus sayin.
>>345971>so its still good to have one in your name so you can cash shit out
I get an average of 2 a week and I don't deposit them at all, I exchange them for cash. No paper trail allowed fren.
>>345972>Most of generational Texas has been planning and stockpiling for the NEXT civil war
What a fantasy. It won't be any, Americans are all bark and no bite.
>>345973>exchange them for cash>no paper trail
And what do you think the person you exchange them with does with them?
Checks are without name, if the faggot deposit them, it is HIS paper trail.
Not saying it couldnt be done, just saying none of my
customers/experience would go for that
But yeah, the idea that checks are being exchanged without addess, and that somehow this will never be traced back to (you) is woefully naïve, and needing of citation if expected to be believed
The most despicable and dangerous beings walking in this realm.
>>345969>posts bait with a random insult
Literally his next reply...>>345971>(You) draw unsupportable inferences alot, dont you?
Anon reminds us that he's a narcissistic woman at heart by immediately contradicting himself and feigns superiority to save face when called out.>>345972>Most of generational Texas has been planning and stockpiling for the NEXT civil war ever since the LAST one.
I suspect it is indeed a cunt.
I wonder how much zog is paying her.
Oh, I can support all of my inferences, somehow without making outlandish presuppositions.>cope
The last gasp of a dying argument, thanks for playing
Heil Hitler dubs checked.
He did, but it quickly got yeeted. Apparently he mistook me for someone else. Either gay off site drama or someone is trying to dox us in some private circlejerk. Cool, good to know the people behind the scenes at /mlpol/ are totally trustworthy and not treacherous at all.
>>346002>it got yeeted
No, I decided I had crossed an acceptable line and deleted the post voluntarily.
Staff is not trustworthy, but not for a censorious nature; rather a negligent one.
So, do you often get upset and air out other anons private information publicly to try and own them? Maybe you'll have another fit, disclose more information on your apparent acquaintances, and leave it up longer next time for anyone to see. Deeply concerning coming from former staff, regardless of whether or not you deleted it. Very homosexual.>Staff is not trustworthy
You came awfully close to publicly doxing two anons on a whim before deciding to delete it. Why would anyone outside of your off site hug box trust you at all, Ninjas? Oh, well... I guess you would know, huh?
I should've capped it. Other anons deserve to know that you'll squawk about their personal lives for all to see when you get butthurt. Unforgivable.
Going in reverse order:
I suppose I should, what with this latest.>>346004>doxxed
No, I just made a couple pithy statements about why I made references to banks and lawyers. Even with that admission AND the previous post, no one could have been doxed. Having said, I dont approve of the tone I took, and I acknowledge that I have erred.>off site hug box
I have one of these? That would be neat, ngl. Maybe I will.>unforgivable
Thats a slippery slope that wont pan out, if we're being honest. Also, a convenient position, all considered. I mean if what I've
done is unforgivable,....
Americans say that the reason the elites want to kill off the 99% is to save the environment, but maybe the globalists are just evil, insane, and greedy.
Allow me to correct the record. The TV's talking heads say that.
Regular Americans couldn't care less, at less they went into academia's indoctrination centers.>greedy globalists
The Rockefellers and European peers already own everything and their motives are not greed, but power. Look it this way, greed is not their motive because they don't need money at all, they just print money and billions of slaves will do anything for their fictitious paper. From that perspective, humanity is not more than an animal species meant to serve them.
>Ukraine Has LOST, And So Have Wehttps://market-ticker.org/akcs-www?post=246101
A loud rant on the misery coming our way. For real.
The Four Main Factors that Influence U.S. Gas Prices.
Do both, anon. There are choice cuts of human, the rest of which can grow crops.
I mean, imagine the marbling on some of these fatties
Lots of options for soap making.
The soy-fed ones are pretty skinny though. Might need to cage them and fatten them up a bit before they can be useful for anything.
Oh, there'll be PLENTY of leftover fat, even AFTER confit
Hey buddy if you're not that bot again can you say nigger three minus one times
God damn it couldn't those faggots find a country that starts with E so their group name could be SCRIBE?
>30+ countries put sanctions on Russia
>Price of oil goes up
>The result is that Russia has already made more money in oil revenue than they expected to make for this whole year
What's their endgame in all this? What was the point of these sanctions?
To further sabotage Western economies, thus enabling oligarchs to buy up literally everything. You will own nothing and you will be gay.
The Jews have a Blind Hatred of Russia.>>346972>>346976
Go back to Faceberg. WEFtards
>>346994>The Jews have a Blind Hatred of Russia.
That's what we are told. However the jews have a tight grip on Russia too, then the narrative doesn't add up.>WEFtards
So, are you denying the overt WEF conspiracy?
Are you denying that the elites have used covid and the current economic state of the West to buy property out from normal people and further their influence? KYS, cuck.
>>346873>five emerging economies made up of Brazil, Russia, India, China, and South Africa>South Africa
To be fair, everything besides China and Russia on that list are geographical nice to have's
, at best.
Jews hate all of us.
Jews control Russia too. Jews have always played both sides of every conflict.>>346995
That's plausible. Maybe part of the great reset.
Still, that might be giving western political leaders a bit too much credit. I can't be certain how much is actual conspiracy and how much is just shortsighted incompetence.
I think some of the retards actually thought sanctions were a viable political tool, and used it as a crutch to tell their constituents they were doing something while not actually risking war. I think the end-game was to attempt to isolate Russia to reign-in a geopolitical competitor and supposedly get them to stop the war, but instead the sanctions were impotent and the world's economy is just getting shittier.
I'm interested in how this will go.
Depends on whether or not they can get OPEC in on the deal, to dethrone the petrodollar. I'm not quite sure if the Saudis will break their ties with the United States currency-deals unless this thing turns out well.
It might have a chance if it's backed by precious metals.
They don't want to kill off the population. They just want birthrates in developed countries (see: white people) to decline, so that they can justify perpetual flow of immigration to keep the economy growing, and thus have a stable underclass of browns who'll work for third-world wages.
>>347020>Still, that might be giving western political leaders a bit too much credit.
I have no way of knowing whether or not politicians deliberately set the stage for megalomaniacal elites to grab more power given recent happenings, but it's definitely convenient for the beneficiaries.>I think some of the retards actually thought sanctions were a viable political tool, and used it as a crutch to tell their constituents they were doing something while not actually risking war.
I mean, I've always felt like it was insipid virtue signaling from the usual lever-pullers and talking heads. The US has the oil supply and infanstructure to easily nullify Russian energy embargoes, but they won't. You can guess as to why, but I have my own broad suspicions that it's a deliberate sabotage of Western economies. Fuck Russia, tho.
>>347033>but it's definitely convenient for the beneficiaries.
Jews have the means to opportunistically benefit from virtually every geopolitical event. That's just the system we live under.>insipid virtue signaling from the usual lever-pullers and talking heads.
Yeah, that's what I think. It seems as though politicians are pretty well aware by now that sanctions don't do shit, but they need to look like they're doing something
.>deliberate sabotage of Western economies.