By M Dowling
The poorly-conceived, shoot-from-the-hip sanctions are not hurting Russian President Putin. On the other hand, they are causing gas prices to rise and pushing the West towards a recession. Meanwhile, the Kremlin is experiencing a windfall in oil exports. The ruble wasn’t destroyed as Biden promised. It is closing in on the Euro and the dollar on the Moscow Exchange. Finally, Europe can’t get much-needed oil and gas unless they trade in rubles.
It’s too bad the Biden administration doesn’t have a back pedal.
The volume of cheap Russian crude leaving the Black Sea port of Novorossiysk has more than doubled and it’s likely heading for Asia, gCaptain reports:A total of 40 tankers loaded about 28 million barrels from Russian export terminals, according to vessel-tracking data and port agent reports collated by Bloomberg. That put average seaborne crude flows at 4 million barrels a day, up by 25% against the week ended April 15. The weather played a big part…
At these rates, the Kremlin earned about $232 million – $46 million more than the previous week.
Russia exports crude from four main areas: the Baltic Sea in northwest Europe, the Black Sea, the Arctic, and terminals on its Pacific Coast. From three of the four areas, flows to Asia or unknown destinations.RUBLE PAYMENTS ONLY
The Kremlin on Tuesday said that Gazprom was implementing the presidential decree that requires payment for gas supplies in rubles.
“All the contacts with buyers of gas have been made via Gazprom, so it will publish information on the results of the talks,” Kremlin spokesman Dmitry Peskov told reporters.
According to Peskov, payments for gas deliveries that took place under the new scheme are expected in May.
RUBLE JUMPS PAST EURO AND THE DOLLAR
The Russian ruble strengthened against both the euro and the US dollar on Tuesday on the Moscow Exchange.
As of 10:07 GMT, the Russian currency jumped roughly 0.96% compared to the end of the previous day’s trading to 76.42 rubles against the euro. It gained around 0.92% against the greenback to trade at 72.45 per dollar.
IN CONCLUSION
We either have the stupidest, most ideological politicians in the world or they want to destroy the West.
The Great Reset, which hangs over us like a Damocles Sword, is always out there pitching ideological hysteria and authoritarianism. It’s playing a part in this drama.
Atta way, idiot Biden. I guess you taught Putin, huh?
Representatives of more than 40 countries attended a US-hosted meeting at Ramstein AFB today to boost the supply of armaments to Ukraine.
…and talked about how to institute the social credit system in all those 40 countries.
Not nearly as interesting as today’s new Kevin McCarthy audio tapes…
Far less interesting than today’s new Twitter freak-out audio tapes…
Again we have bench warmers to replace assholes, Jordon would do just fine.
Which is not interesting at all, especially when compared to idiot Biden’s “missing” and undeclared $5.6 million in income. Oh, and since he paid Hunter’s legal bills with it, that means HUNTER should have declared it as income as well. In the words of Artie Johnson, “Verrrrrry Interesting.”
Gonna be quite difficult getting that stuff where it’s needed with all the rail lines blown to hell and back.
Geez man… Basic warfare 101.
Hey. greg is here to lie and cheerlead the dumbasses who started this war: NATO and the Great Reset losers who currently have their hand up Biden’s puppet ass.
It’s not like he’s ever been in a war before.
It may escalate to Warfare 3.0 before it’s over.
Yeah, thanks, idiot Biden.
Indeed, you are privy to your master’s plans.
There WILL be a massive cyberattack, deployed by the globalists, but blamed on Russia.
Just like Covid and China.
This is all part of the plan.
It’s super creepy when you slip up and admit it, greg.
Why are democrats so poor at peace?
There should not be an issue with Ukraine being neutral hell how long has Switzerland had that status, Stop the Natzi battalions from genocide, see that those people are left alone and give them their counties the size of a county make them neutral too.
Why must the only alternative be more murder of innocents will your globalist NWO masters ever have enough blood? Will they ever make enough money off the bloodshed, pestilence and famine.
Biden was snubbed even by France’s installed Macrononi, nobody likes him. He was way to open with his crime family leaving them open to have their kickbacks found.
Because they can’t make money in peace. In peacetime, business is methodical, rational, calm and calculated. Making money requires intelligence, skill and hard work in those conditions.
War time is an emergency situation. Careful and measured consideration of options are often ignored because war time expediency demands things quickly. This results in money thrown by the handsful at projects and issues. No one is doing the accounting or monitoring the flow of cash. Money is easy to steal in these circumstances. And steal money they do.
It’s important to note that during World War II, the businesses that dedicated themselves to war production and submitted to government control over what they produced profited very little from all that manufacturing, with no exorbitant charges or excess profits. But they saw the nation in an existential fight then. Democrats today just look for every opportunity to profit off the misery of others.
Europe’s military is America’s military.
Ukraine is currently guarding the eastern door of the free world. If Ukraine falls, catastrope will follow.
Good news for you
GDP dropped -1.4%
biden wants to send another 30 billion to keep his war going
zelensky should sue for piece
democrats poised for losses in November never before seen
The 80’s called thanking biden for a worse economy in American history
GDP growth rate was -3.49% in 2020, a 5.65% decline from 2019. In 2019, it declined by 0.84%, so the downward trend had already set in the year before the COVID pandemic began. There was a GDP decline during both of Trump’s final two years in office.
U.S. GDP Growth Rate 1961-2022
What does that have to do with today’s numbers
I just wanted to establish the fact that the “Trump economy” was tanking 2 years before Biden took office.
No it wasn’t.
Trump’s economy was booming. Then they released Covid. It’s on Covid, not Trump.
Now Biden has demonstrably made it worse.
That’s NOT what the GDP numbers show. There was a 2-year binge, followed by a deep dive into negative territory.
U.S. GDP Growth Rate 1961-2022
The GDP is not the end all to measuring economic health.
You’re wrong.
Who’s paying you to suddenly doubledown on GDP?
Trump economy was great. Then Covid was released.
Any questions?
That’s what the numbers for 2018 through 2020 show. The GDP dropped in 2019, and plunged in 2020.
Why are you ignoring today’s numbers? Q2 will be worse and then we will officially be in recession thanks to joe
The economy is in trouble because of f*cking Putin, and because of continuing supply chain issues. Are you aware that a number of Chinese industrial cities are presently in total COVID lockdown?
Putin did all of that damage in 6 days?
Markets can plunge just because of what investors fear might happen. A nuclear-armed lunatic is destroying one nation, plans to invade others, and is threatening nuclear war if anyone interferes. This is not a cause for wide-spread optimism about the immediate future.
Markets plunging do not effect the GDP moron
So when inflation eases in May-June due to the year-over-year comparison bad inflation started last May-June and the increase this year will be less will the price of goods produced decline a bit more? Fewer items produced but lower “inflation” results in lower price of goods produced compared to prior year. If so, One would expect the GDP to drop even more significantly. Import prices will go up and we should expect the number of items imported to not decrease enough to offset the reduction in items produced. Wonder how the BEA will cook the books
Biden destroyed the economy long before Putin invaded. Putin invaded BECAUSE of Biden’s corruption and the defenseless EU.
They caused this. We need to remove Biden before he gets us further into WWIII.
That is ALL the result of idiot Biden’s polices. ALL OF IT.
The latest Reuters ipsos poll has only 6% of those polled giving a shit about the Russian speaking eastern border in Ukraine
“It’s Your Pure Evilness, What You’ve Done to This Nation! – We’re Going to Rub Your Nose in the Hard Drive from Hell, Biden You’re Getting Impeached” – Bannon UNLEASHED after Huge GDP Miss (VIDEO)
Jesus DOES NOT actually endorse this corrupt windbag’s message.
After Pardon for Bannon, 2 Admit Bilking Donors to Border Wall
Complete lies
The only reason the case against Bannon was dropped was because Trump had already pardoned him; because of that, continuing the prosecution became pointless.
Bannon is believed to have siphoned off around a million dollars from the We Build the Wall campaign. His partners were convicted.
Well, you know what happens when people who can’t make a point or beat their political opponents…
They invent crimes and try to put them in jail.
Good luck, buttercup.
Idiot Biden stopped the wall. The wall would have prevented the death of Bishop Evans, but you Democrats do not give ONE SHIT about the disaster, tragedy and national security threat imposed by your left wing stupidity.
Idiot Biden destroyed energy independence.
Idiot Biden destroyed the Afghanistan withdrawal.
Idiot Biden destroyed national security.
Idiot Biden destroyed the economy.
Idiot Biden destroyed EU security.
Idiot Biden is destroying this nation.
More winning
Grand Jury Witch Hunt Investigating President Trump will End Next Week Without Indictments
Federal Informant in Trump Probe Found Dead After He’s Reported Missing
That’s proof-texting. The health of the nation is a multi-varied analysis.
What you say means nothing.
Oh, you mean when the entire economy was shut down, it hurt GDP? No shit?!? So, in the middle of idiot Biden’s fraudulent term, what is the excuse now? I mean, he promised to “shut down the virus, not the economy”… did he get that mixed up and shut down the economy, because he DAMNED sure didn’t shut down the virus.
All this sweetness AND the threat of nuclear war! What a deal!
For you, maybe. Alps, yeah?