Since Russia demanded to be paid in roubles for their natural gas and oil, the rouble has rebounded from its US-sanctions low and gotten all the way back to even. So one might say that the sanctions have proven to be a failure. And perhaps, worse than a failure, in that they have caused huge inflation in the West — because of the absence of Russian commodties — and even called into question the continued support for the petrodollar regime of the last 50 years.
The Russian also pegged their rouble to gold. So are we seeing the re-emergence of a gold standard and the demise of the all-powerful dollar?
I am a voracious reader and also enjoy writing. I often have a very different point of view than the popular one. I do see value in debate, and thought it might add to the public debate on controversial issues if I were to express my contrarian opinions. I also started keeping my poems recently (I've written little pieces my whole adult life but never kept any); and I've been a photographer now for over 25 years. So I will be adding an occasional poem and hopefully interesting photograph to the blog along the way, just to spice things up.
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