Thursday, February 12, 2015

Is Russia Planning A Gold-Based Currency ???

Here is some interesting speculation about what Russia is doing behind the scenes:

The repercussions of Russia on a gold-exchange standard would be immense. Above all, it would mean the first major schism in the world's monetary order. China would quite likely follow suit. It could mean the threat of a severe inflation in the United States should rafts of unwanted dollars make their way back across the Atlantic — the Fed's ultimate nightmare. Above all, the country will avoid the extreme debt leverages which would not have happened had Western capitals remained on gold.

“A gold standard would be politically appealing, transforming the ruble to a formidable currency and reducing outflows significantly,” writes Dr. Enrico Colombatto, economics professor at the University of Turin, Italy.

http://mises.org/library/russia-planning-gold-based-currency

If you recall, this is something Kelly Mitchell hinted at in his book Gold Wars:

There is a mechanism being put into place to destroy the US dollar in the next few years. It has many components, but the primary ones are an alternative oil sales system, a gold-backed trade platform, an international central bank outside of Western control, a framework for diminishing US influence, available natural resources, and a coalition of regional leader nations. Participants have reportedly agreed to prices of $7,500 minimum for gold and $150 for silver [per troy ounce].

http://sainthoward.blogspot.com/2013/12/gold-wars-must-read-book.html

All of these things have been in the works for a while, with Russia leading the charge.

This is one of the reasons the US is trying to start a shooting war with Russia. Don't expect Ukraine to abide by the latest ceasefire, whose only purpose is to rescue Ukraine's trapped troops and to give the US time to re-arm them.

And don't plan on profiting when the price of gold in US dollars soars. I expect Obama ad-Dajjal (or his successor) to pull an FDR and confiscate all privately held US gold when that happens.

No comments:

Post a Comment