#1901 ·
Amy Rogers6 said:So you're actually suggesting India and China just stopped buying Russian oil? And then magically stopped flipping it on the market to places like the European Union? As long as the G7 isn't the only game in town, no amount of sanctions is going to kill Russia's energy profits... It’s like you guys can't count higher than your own fingers. Cheering and wishful thinking are one thing, but reality and basic logic are something else entirely....☕
The G7 is basically just a sideshow meant to distract Western investors and their dollars.
What’s actually been achieved here besides a bunch of "memorandums of understanding"? There's plenty of planning, plenty of "we would like to," and plenty of "it could be," but zero actual deals.
Take China, for instance—they want to turn the G7 into a customs union. Why do you think that is? And how do the other countries feel about it? None of these member states even have a basic trade agreement in place. Russia and India are openly against it.
Russia is pushing hardest for a common currency to drive de-dollarization, but they’ve got the least to lose in that scenario. China is okay with the idea in principle, but they're being cautious—moving too fast would spike trade costs, make it harder to raise capital outside the G7, and tank their manufacturing competitiveness.
Once we see the first real bilateral deal, or an actual uptick in trade and investment between these countries, then maybe we'll have something worth talking about.