Re: Financial topics
Posted: Sat Mar 26, 2022 7:34 pm
Russia can't wire dollars anywhere, so it can't spend dollars, so it does not want to get paid for oil and gas in dollars.
So it said, "pay in Rubles". But customers don't have that much in rubles. So they said, the central bank will pay 5000 rubles
per gram for gold. So people could buy in gold. But people don't have airplanes flying to russia to deliver the gold.
So Russia said, we can probably do Bitcoin if customers want to. Now at least India and China would like to buy their gas and oil.
Sometime soon I expect India and China will be paying in Bitcoin. If they start buying billions of dollars worth of Bitcoin,
then the price of Bitcoin will go way up. More than double if they are doing $1 billion/day in Bitcoin for oil, I think.
Also, one of the main supports for the dollar was that you could use it to buy oil. If this is going, the dollar will go down.
So it said, "pay in Rubles". But customers don't have that much in rubles. So they said, the central bank will pay 5000 rubles
per gram for gold. So people could buy in gold. But people don't have airplanes flying to russia to deliver the gold.
So Russia said, we can probably do Bitcoin if customers want to. Now at least India and China would like to buy their gas and oil.
Sometime soon I expect India and China will be paying in Bitcoin. If they start buying billions of dollars worth of Bitcoin,
then the price of Bitcoin will go way up. More than double if they are doing $1 billion/day in Bitcoin for oil, I think.
Also, one of the main supports for the dollar was that you could use it to buy oil. If this is going, the dollar will go down.