04/05/2023 / By Ethan Huff
The rest of the world has had enough of the West’s bullying of Russia as it concerns the purchase of cheap Russian oil.
A United States-led oil embargo against Russia that aimed to stop the import of Russian oil by members of the anti-Russian oil coalition beyond the established Russian crude price cap of $60 per barrel is failing, with Japan leading the pack in bucking the agreement.
It turns out that other countries do not want to commit national suicide just to please the private central bankers who want to see Volodymyr Zelensky and his money laundering nation of Ukraine persist, much to the chagrin of the Federal Reserve.
All this time, countries have been purchasing cheap Russian oil below $60 a barrel, which was part of the agreement. But now Japan is purchasing it for more than that – and other participants in the embargo are likely to follow suit.
(Related: Last spring, banking giant JPMorgan Chase imposed a full embargo on Russian oil, sending oil prices above $185 a barrel.)
At current prices, Russian oil should now be off limits to those who agreed to the Western-led pact against Russia. Instead, Japan and likely other countries will continue buying it rather than switch to higher-priced oil from OPEC.
“What happens then?” asked Zero Hedge about the matter.
“Will western nations follow sanction guidelines and stop buying Russian oil, which means sending the price of all non-Russian oil sharply higher (even as India and China step up and buy whatever western importers no longer desire), or will the anti-Russia alliance splinter?”
“While we are confident that many governments will do the former even if it means more hardship for their citizens, if only to signal their virtue and keep the U.S. state department happy, some are already showing that the anti-Russian alliance isn’t worth the paper it is written on in carbon credits.”
In other words, the West’s efforts to cut Russia off at the knees over its invasion of Ukraine are failing. And left holding the bag will be none other than the U.S. and any other country foolish enough to continue digging its heels in against what is clearly a failed attempt at defeating Russia.
Japan and any other nation that continues buying Russian crude above the global $60-a-barrel cap would, if the alliance actually held sway, now be sanctioned. The reality is that such sanctions will not happen as more and more countries abandon the U.S. in its anti-Russian endeavors.
The changes that are now occurring point to none other than the continued demise of the West. It is a somewhat complicated subject for the average person to understand, but suffice it to say that the U.S. and whoever is still a true ally are on the losing side of the oil trade.
“USSA Empire of Lies collapsing like a soccer player who took one too many clot shots,” one commenter wrote about what is now happening to the former United States of America.
“We need a reset,” added another. “Wall Street needs to die. Wall Street is the enemy. I pray for its demise.”
“Wall Street is just a derivative of the City of London. The real power is held by central bankers, BIS (Bank for International Settlements) – central banks have to die,” wrote another, expanding on what the previous commenter wrote.
“This ends when the bankers are sent to jail,” said another.
“Remind me again what we make in this country besides war and debt? And that is your answer. Babylon is toast,” wrote someone else, to which another responded in jest:
“Tranny influencers?”
Western dominance in world affairs is fast becoming history. To learn more, visit Collapse.news.
Sources for this article include:
Tagged Under:
allies, Collapse, economic riot, embargo, Federal Reserve, finance riot, fuel supply, Inflation, Jerome Powell, money supply, oil, OPEC, Russia, sanctions
This article may contain statements that reflect the opinion of the author
COPYRIGHT © 2017 CHAOS NEWS