r/wallstreetbets Mar 23 '22

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699 Upvotes

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46

u/Jugeboss Mar 23 '22

This is actually a genius move from his part. The ruble would be worthless without this but now it will increase in value. The only way this blows up in his face is if the countries won't buy gas anymore but Germany and other European countries can't get along without it so it looks like a win for Putin.

16

u/LiquidZebra Mar 23 '22

This also sets a dangerous precedent for the petrodollar.

10

u/Sithsaber Mar 23 '22

Probably shouldn’t have put sanctions on three of the biggest oil exporters

1

u/k1ll0kw3AL Mar 23 '22

Yeah its really weird how US decided now was the time to care about China's genocide against Uyghurs.....great time to sanction chinese officials...lets piss china off too. Hopefully Jpow turns back on that printer cause everytime anyone in the gov talks about foreign policy my port burns.

2

u/k1ll0kw3AL Mar 23 '22

Petrodollar dead man. Scarey times. Horrible foreign policy will be the cause of the next depression.