How to Crash Putin’s Economy and the Ruble

Inflation, Putin, and the Ruble

We keep hearing from President Brandon how Putin is the impetus behind inflation and outrageous petroleum prices. Almost simultaneously, we are also told by the Brandon regime that our goal in supporting Ukraine is to reduce Russia (i. e., Putin) to the equivalent of a third-world country, economically. To that end, Brandon and his regime have imposed some economic sanctions on Russia to weaken it, Putin, and his oligarchs. However, reports suggest the ruble is actually rising in value–the exact opposite of what Brandon’s sanctions were intended to accomplish (“Russia’s ruble hit its strongest level in 7 years despite massive sanctions. Here’s why.” CNBC, https://www.cnbc.com/2022/06/23/russias-ruble-is-at-strongest-level-in-7-years-despite-sanctions.html).

A Proposal How to Stab Putin in the Ruble

Putin’s ruble, apparently, is rising from the ineffectiveness of curtailing the sale of Russian oil. Reports suggest China and India are guzzling his oil as fast as he can pump it out of the ground. As of the writing of this post (0947, 23 June 2022), Brent crude is at $112.59 per barrel, and the WTI crude is $108.65.

I grant that China and India are, very likely, not paying Brent or WTI prices, but it is likely their costs closely parallel global prices (Putin ain’t dumb). Crash the global oil prices, and China and India will move to cheaper (i. e., not Russian) oil.

§ So, President Brandon, there is your incentive to exact your vengeance on Russia. Open up U. S. domestic oil production, flood the market with inexpensive American oil, and you can drive the global market prices down low enough to stab Putin in the ruble. Opening up domestic oil production would also play well in your apparent penchant to exact political revenge on your perceived enemies and use the three-letter agencies as your personal police force (a la Peter Navarro, Steve Bannon, et al).