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If Russia ends up sanctioning Europe and forces them to buy their gas elsewhere like from US the cost is going to go so high that no amount of "last resort" could solve the ridiculously high prices.
This is your problem, always your hate for the western world pushes to analyze situations in a way to arrive at the conclusion you want not at the obvious one.
The Arab nations tried to play this game and force the US in a corner, ended up with the US becoming the biggest oil producer, the URSS tried this policy also but ended up in collapse, simply put it never works! Thta's reality!
There are two and only two scenarios if Russia cuts the oil flow to Europe:
- Russia cuts the oil flow completely, ending up more broke than the USSR, with more enemies and a fraction of the economy the Union had and all Europe has to do is what? Well, pay more than other oil importers, and since the price of gasoline doesn't matter in terms of the PPP indicator behind which most 3rd world countries hide their poverty, who is going to afford gas at 3$, the average European making $1200 or the average Indian making $200? Plus in the case oil goes, there is a lot of oil that is not pumped in a lot of countries because it wasn't economically viable to do so but it will at constant prices over 100$
-second scenario, far simpler, Russia cuts the oil to Europe and sells it to China. All the oil exporters that sell 6m barrels a day to China are pushed obviously out and they will, in turn, sell it to Europe. Simple as that!
Plus, there are already cracks in the war against the western nazis, Maduro seems to be kept to ramp up production and sell to the evil capitalist, he might like he loves those useless green bills.
I'm not talking about crisis, I'm talking about higher inflation rates.
As someone who has lived through a couple of these let me tell you that people do invest to keep their purchasing power. In fact many of them go on an investment spree even if they go hungry.
Yeah right. Bullshit!
You could look at the price chart and then look the rush of investors selling bread and MRE for
BTC.
Bitcoin is down -10% on the 30 days interval and 30% on YOY.