Russia takes only rubles for gas, links ruble to gold

Posted by bubah1mau 3 years, 1 month ago to Economics
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Is the petrodollar doomed? I didn't see anything about digital/crypto currencies in this article--only rubles and linkage of rubles to plain old gold. Now, when Europe buys gas (and possibly oil very soon) from Russia, it appears they will be propping up the price of gold

If other gas/oil producers follow Putin's lead, the days of COMEX paper manipulation of commodity markets will be doomed. Oil/gas consumers may be scurrying to buy physical gold and/or currencies other than dollars, to settle their international accounts.


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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    I like Victor Davis Hanson with his historical perspective. He mentioned some time ago that there is a parallel between the french revolution and the current leftist revolution. After a while, each of those revolutions began to feast on themselves after the initial "enemy" was destroyed. That is happening today with even Biden getting slammed BY the left. I love it. But they are stuck with him or Kackling Kamala- what a choice. True, she is a black woman, which helped Biden win the election, but she offers nothing going forward. In Nov, the dems will get trounced I think. That will slow down the nonsense at least for 2 years more.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    I don't think they will succeed, without eventually killing themselves too. It's like chopping out a lung to get the cancer out of it. The body will die. They will have to be excruciatingly careful and patient to bring about this NWO. If they move too quickly, the frog will jump out of the boiling pot, or, they will just kill everyone including themselves.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    My cousin is home-schooling his 4 kids. His wife is Teacher. I feel like I was so lucky in High School. I got a quality public education-because I was taught to care and apply myself. But the teachers were good, the curriculum was good. 1980's.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    Somehow I suspect that the bond between Putin and Xi will wind up as the bond between Hitler and Stalin- maybe not today, but eventually.
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  • Posted by Dobrien 3 years, 1 month ago in reply to this comment.
    Pedo Joe goes to Delaware every weekend to avoid a visitors log.
    How did Kissmyassinger get so much power and influence so Quickly.?
    He arrived in 61 with 500 other Professors from phase 2 of Operation Paperclip.
    Within 7 years he was leading our foreign policy , I always wondered about that and find it very interesting.
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  • Posted by $ blarman 3 years, 1 month ago in reply to this comment.
    These people ARE evil. There's no two ways about it. They want to bring about their New World Order which necessitates killing off a large portion of the world population so that those remaining can enjoy it for themselves. They think they can accomplish this through disease and war.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    I thought the Oliver stone interview with putin was actually a positive thing for putin. This whole Ukraine invasion is a terrible negative for putin, showing him as an evil thug. It’s not going to turn out well for Russia. I get it thst he wanted to steal the riches available in Ukraine, but he really misjudged and should admit he misjudged and should pull out and probably resign
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  • Posted by $ blarman 3 years, 1 month ago in reply to this comment.
    My wife is home-schooling four of our children this year (I have two more in public high school besides) and she is reading to them the classic Laura Ingalls Wilder series. It is quite fascinating from those books the basic snippets of common sense: working hard, dealing with adversity, etc. but what also stands out is that the schooling which was available was a real sacrifice to the adults and therefore they took particular care in monitoring their children's learning. We hear about students in big cities graduating from high school without being able to read, but back before the government took over education, students in grade school were reading far higher than they are now with much broader vocabularies. It's quite telling to look at the examinations that teachers had to pass to become credentialed back then, as they were nothing if not rigorous and very broad in terms of knowledge, vocabulary, grammar, etc. How far we have regressed...
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    We deserve his retaliation. When Biden announced that he is trying to hurt putin, I knew the net result would be bad. If we are to stop trade with Russia it should be for our benefit, not to hurt putin. Biden us an ass
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  • Posted by freedomforall 3 years, 1 month ago in reply to this comment.
    Yes. That put a floor price under gold by tying it to other scarce raw materials that Russia can partially control supply of.
    That may limit the price manipulation games that central banksters and Wall St looters play, that they have used for years
    to steal unearned profits from Main St investors - an unethical act against their customers.
    This is another indication that some of Putin's goals are allied with the American people, against NWO elites.
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  • Posted by term2 3 years, 1 month ago in reply to this comment.
    I also heard putin tied the ruble to a specific amount of gold. Did u hear that too?
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  • Posted by Stormi 3 years, 1 month ago
    In "The Rockefeller Files" Kissinger was quoted as sying in the eraly 70s, If they could get control of banking, oil and food, they could have one world government by 1976. Well, people used to be smarter, now they are falling for letting these folks lead, and who was a frequent Oval office visitor during Obama, Kissinger and Soros. Now Obama is the man behind the Biden curtain.
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  • Posted by Dobrien 3 years, 1 month ago in reply to this comment.
    This is the beginning of the end for the Central Banks. Every fiat currency is now under direct attack. Ultimately all currencies will need to be based on precious metal because of a lack of confidence in rapidly inflating “candy wrappers”.

    2619
    Dec 12, 2018 6:57:57 PM EST
    Anonymous ID: 376ff2 No. 4280876

    Q: Do we have the gold?

    Yes.
    Gold shall DESTROY FED.
    Q
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  • Posted by Dobrien 3 years, 1 month ago in reply to this comment.
    Exactly. Russia’s move is to strengthen his currency. The Ruble is accepted in all the BRIC countries. Europe is screwed for now. They either pay in Gold or they trade their weakening currency
    For Rubles , In effect strengthening it.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    She also observed the demise of English, as over time the school prevented her from correcting spelling, grammar and punctuation. Student's grades, and their stupidity, went up.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    I want to disbelieve you. But I can't. This cannot be an accident, or unintended consequences by our leaders. They must be doing this for that exact effect, with conscious intent. That's Evil.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    It looks like they're coming down, a little, it's just psychological price manipulation.
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  • Posted by Aeronca 3 years, 1 month ago in reply to this comment.
    I loved that book. My Mom taught English and a Science Fiction class too so I got exposed to good books.
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