Russia takes only rubles for gas, links ruble to gold
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.
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.
Putin is the ONLY LEADER Fighting the Globalists.
Xi is playing both sides. He is screwing the Globalists when he can get away with it, through Proxy moves. And working with them to enshrine his power.
But so many more people are hating on Putin around here (term) than on Xi...
Even though I will ultimately suffer from de-dollarization, it needs to happen...
Putin is a real crook (as are most all politicians) who seems to enjoy violence against people. Xi is no less a crook, but he seems to stick to violence against just the chinese in his country (at least so far). Invading Taiwan will certainly cross the line and put him in the same category as putin.
People who trust the dollar implicitly are just a bit stupid. Eventually they will realize they have been duped by othe USA government, not to say the other countries havent done the same with their currencies.
If people want to pay with tulip bulbs, I say let them. It all comes out in the end.
It causes demand for the USD and demand increases value.
In Russia's case it will increase demand for rubles and decrease demand for the USD, especially if other oil producers go along with it.
The petro-dollar arrangement is the only thing that has maintained the USD for the past 50 years.
(and looting politicians) as accomplices, e.g., military suppliers, construction firms, labor unions,
insurance companies, big pharma and 'health' services.
Next the fed increases interest rates to enrich banks using the excuse of slowing inflation.
Somehow I think that might work better than a government guaranteed federal reserve like we have now
A free market of competing currencies would allow much better decisions and efficient markets.
But that wouldn't make the central banksters wealthy beyond the dream of avarice (and beyond imagination.)
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.
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
For Rubles , In effect strengthening it.
And if you sold something, would you take Zimbabwe Dollars? I don't think so.
You cannot afford to take potentially worthless currencies. Putin will accept GOLD or BTC as well.
Seems pretty flexible to me.
as the seller of a commodity that keeps your nation alive... You CANNOT AFFORD to take Tulip Bulbs for large purchases.
You are giving real value... And expect VALUE in exchange. Typically, you want something you can THEN TRADE for the goods/services you need. In the PAST, that was the USD. That is coming to an end.
When when that Chicken comes home to Roost... USA will see inflation and USD value destruction on par with Weimar Germany, IMO.
Being the SELLER means YOU choose the terms in what you want to sell for...
But why would Putin require Rubles of all things, unless it was some sort of method to get a better deal than the existing contract specified.
USA went willy-nilly for years printing money and sending it over to china in exchange for valuable products. USA did this to avoid inflation here in the USA . It was actually cheating China when it comes down to it. We have valuable goods, and they have worthless depreciating paper.
Its time for the chinese to NOT accept dollars from people like us who get cheaper stuff from there instead of having to pay more for USA made stuff. It would be THEN we would see major inflation here as its no longer cheaper to buy from china using dollars. We delayed the inevitable inflation we deserved for years by sending worthless paper to china (and they accepting it)
I am rambling a bit, but the USA is going to be paying for all the money printing one way or another
https://www.galtsgulchonline.com/post...
I wonder what stops the west from using technology to counterfeit rubles in response to Putin's actions.
He is FIGHTING Against the Globalists...
In the US, the gold standard (both domestic and international convertibility) then remained in effect until 1933 when FDR confiscated gold from the American public and made the dollar gold-nonconvertible except among central banks. See: https://sgp.fas.org/crs/misc/R41887.pdf
At the end of WW1, the US was not only the greatest industrial power in the world but also the world's biggest creditor nation. At that time, Britain was suffering terrible inflation with the US dollar the most sought-after currency in the world and the only one worth saving for more than a few weeks at a time. Even the much-vaunted Swiss franc remained non-convertible until about 1925 when several European nations attempted a return to the gold standard. See: https://www.bis.org/review/r061218a.pdf
Except perhaps the Swiss (they had not participated in WW1), everybody owed "Uncle Sam"--even the Brits (although most of this debt was owned by private banks and citizens in the form of bonds). Incidentally, it was Hitler in 1933 who finally repudiated the $2 billion in high-interest, central-European (mainly German) gold bonds US banks and citizens had patiently been holding since the Dawes and Young plans froze principal and interest payments trying to give Germany a new lease on a stable currency. See Stefan Shuker: http://www.piketty.pse.ens.fr/files/c...
Another interesting proof of Brit pound instability following WW1 is the debasement of Brit common silver currency from sterling (.925 fine) to .500 in 1920. US silver currency maintained its historical (.900 fine) integrity consistently until 1965 when silver was removed entirely from most silver currency intended for circulation. Kennedy halves, the major exception, were reduced to .400 for a few more years after that until silver was also completely removed from them around 1970.
42-1945 War Nickel (35% Silver) * $1.3751 0.056264 Silver Content (Troy Ounces
Silver Mercury Dime 1916-1945 Mercury Dime $1.768 0.072339Silver Content (Troy Ounces
Silver Roosevelt Dime 1946-1964 Roosevelt Dime $1.768 0.072339Silver Content (Troy Ounces
Silver Standing Liberty Quarter 1916-1930 Standing Liberty Quarter $4.4199 0.18085Silver Content (Troy Ounces
Silver Washington Quarter 1932-1964 Washington Quarter $4.4199 0.18085Silver Content (Troy Ounces
Silver Walking Liberty Half Dollar 1916-1947 Walking Liberty Half Dollar $8.8398 0.3617Silver Content (Troy Ounces
Silver Franklin Half Dollar 1948-1963 Franklin Half Dollar $8.8398 0.3617Silver Content (Troy Ounces
Silver 1964 Kennedy Half Dollar 1964 Kennedy Half Dollar (90% Silver) $8.8398 0.3617Silver Content (Troy Ounces
40% Silver Kennedy Half Dollar 1965-1970 Kennedy Half Dollar (40% Silver) $3.6145 0.14789Silver Content (Troy Ounces
Morgan Silver Dollar 1878-1921 Morgan Silver Dollar $18.903 0.77345Silver Content (Troy Ounces
Peace Silver Dollar 1921-1935 Peace Silver Dollar $18.903 0.77345Silver Content (Troy Ounces
Eisenhower 40% Silver Dollar 1971-1976 Eisenhower (40% Silver) Dollar ** $7.7288 0.31623Silver Content (Troy Ounces
American Silver Eagle 1986-2022 American Silver Eagle (99.9% Silver) $24.416 0.999Silver Content (Troy Ounces
I never thought there ever was less than 0.999 for precious metal coins. Why bother?
ilver and gold coins intended for circulation as currency are typically made this way because these metals in their pure state are very soft and wear very quickly – this is also why pure gold or silver jewelry is rarely made.
It's not as if legality matters to any of them.
Let's go, Brandon.
She said Half because she hoped to divide the Right and get them saying "I'm not a deplorable, you are, I'm with Her!" Divide and conquer, didn't work.
She said Basket because she was referring to the Bread Basket, rural Republican America.
That pissed off a lot of people and motivated them to vote against her. Dumb move. Don't insult the people who you are trying to persuade to vote for you.
The officials say the Biden administration has been rapidly pushing out “intelligence” about Russia’s plans in Ukraine that is “low-confidence” or “based more on analysis than hard evidence”, or even just plain false, in order to fight an information war against Putin.
The report says that toward this end the US government has deliberately circulated false or poorly evidenced claims about impending chemical weapons attacks, about Russian plans to orchestrate a false flag attack in the Donbass to justify an invasion, about Putin’s advisors misinforming him, and about Russia seeking arms supplies from China."
Instead of Ad hominem response where is your evidence.
That said, I would say that Russia shouldnt invade another country that didnt invade it, no more than USA should have invaded iraq .
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.
For the first time in history, the bankers of the world have targeted a warring nation and cut them off from their supplies of foreign currency - used to purchase goods from foreign nations. Effectively, Russia has been cut off from foreign trade. And they depend on foreign trade - especially their oil revenues - to prop up their economy and maintain the power of the oligarchs. Putin is fighting back by simply redefining the terms on which he will trade his - needed - oil by requiring those purchasing nations to go around this embargo and purchase directly. It's a very smart move on his part.
The other thing it does is threaten the global petroleum markets which are largely determined by the US $. If he can show that his system works, he can entice Saudi Arabia and other OPEC nations to abandon the US $ and require payment in gold. With the US $ already weakened because of inflation, etc. this would be a disaster of unparalleled proportions and would destroy the US economy.
Biden is an idiot. We ARE at war with Russia and have been for a lot of years now. Nuclear is not the only way war can be fought today. Each world war is fought differently. This one will be with things like EMP, Cyber warfare, and things which will weaken the enemy and encourage surrender. I even think the Russians could send over a trial balloon nuclear EMP or standard weapon just like WE did to Japan to encourage their surrender. Putin is one smart cookie and I wouldnt put much past him.