More Russian Economic Attacks?

By Steven J. Spence

A few weeks ago, I presented a scenario that the Russian attack is more than just a kinetic war/invasion with Ukraine. Additionally, I see a long game plan that has been in work (and now unfolding) for around a decade to seemingly displace the US dollar as the world reserve currency. See the blog here: Is There More to The Invasion of Ukraine?

This is a follow on of even more events that are taking place since my original blog that will strengthen this presumption. It appears that the US has dipped in the ‘sanction well’ a few too many times to exercise an economic punishment over a nation and now other nations are showing a growing interest in siding with Russia and China to lessen the impact of economic sanctions that are imposed upon them by the USA.

So, to add to their strategy, it is a must that the Russians need to strengthen the Russian Ruble. At the time of sanctioning, the Ruble’s value was less than one cent (US). They need to make the Ruble a currency worth buying and holding, and adding value to it is necessary. Here are a few actions items the Russians have initiated since my 1st blog about this:

  1. Russia and India are now in negotiations in selling oil in Rubles. Remember, oil has been trading from OPEC using the US dollar (the petro-dollar system). The article here further states that the oil is discounted to the countries that purchase from Russia. Can you see the competitive edge this gives the Indian manufacturing as whole? Read the article here: http://Russian central bank specialists to meet RBI counterparts; to discuss Rupee-Ruble payment (
  2.  For many short-sighted reasons, the western European nations have become dependent on Russia for natural gas. The EU just released the date of energy independence from Russia for the year 2027. Due to the invasion and condemnation of the Russian Federation, many of these nations rejected deliveries in protest. But now a realization of the short sightedness is forcing nations to take deliveries of Russian gas. Russia is in agreement to supply but made it mandatory to purchase in Rubles now. This is an excerpt from the article: “For the first time in Gazprom Export’s history, a western European company buys gas and pays in rubles for it,” Elena Burmistrova, director general of Gazprom Export, said, adding that the company plans to further develop sales in rubles through the Russian ESP. To see the value of the move here for the Ruble is to understand how the US dollar derives its value via the Petro-dollar. Read the article here:,western%20European%20company%2C%20Gazprom%20Export%20announced%20late%20Thursday.
  3. Other actions the Russian government has taken to strengthen the Ruble is to raise interest rates, placed a ‘cap’ on the amount of dollars residents may withdraw from foreign-currency bank accounts, and barred banks from selling foreign currencies to customers for the next six months. Read the article here: http://Ruble flexes muscle as Russia trailblazes new economic path — RT Business News


The Russian Ruble has already risen in value by over 50% to date in just a few short weeks. To the best of my understanding, as the Russians pivot sharply to strengthen their economy, the US is continually weakening its economy. Instead, the US president just proposed another $5.8 trillion dollar budget and proposes how it will be paid for is by taxing the rich. We all should know by now how this works out and the taxes will be pushed down to the tax payer that is the hard-working American from the middle class and not the wealthy. My point is this, the US elite/politicians are not going in a direction to strengthen the US economy. Instead, they are selling a spending more package that ultimately creates more inflation on its citizens and a weaker USA. Remember, we do not have this money and it has to be borrowed. When it is borrowed, it is created. When more currency is created, the dollars in existence become less valuable. Having a sound monetary policy would end this game!

Dinero Simple y Sencillo; Lo Que las Instituciones y la Élite No Quieren que Sepas is available today! Samples of the book in English and Espanol are ready for download at

Share this blog!

Verified by MonsterInsights