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President Putin Returns Russia to the Gold Standard
“Russia just completely SMASHED the United States and the EUROZONE.
Think I’m kidding? Think again.
When Muammar Qaddafi in Libya planned on a Gold-backed currency for all of Africa, the West went into Libya and overthrew him.
When Saddam Hussein in Iraq announced he would start selling oil in currencies other than the U.S. Dollar, two months later was Iraq War 2 – and they hung him!
The U.S. Dollar being the sole reserve currency for this planet is why wars get waged, and now Russia has completely, totally smashed it.
You watch. The U.S. that has been saying “no nuclear war” and even Defense Secretary Lloyd Austin saying yesterday “All this talk of nuclear war is dangerous, stop it” is going to change almost overnight. The US is now in an existential crisis. Our currency has just been utterly smashed by Russia’s decision to back the Ruble with Gold.”
Russia returns to the gold standard or the end of the petrodollar
Translated with www.DeepL.com/Translator
by Ben Fofana.
“The Russian government has decided (finally) to peg the rouble to gold. The project will be submitted to the Duma on March 4th. This decision will ultimately undermine the petrodollar and finish off the Anglo-American empire.
Stabilising the rouble
This measure has been in the pipeline for a long time (2014 at least) and has been waiting for the right moment to be implemented, without appearing to be a declaration of war against the USA. It must be said that the Russian elites were still hoping to reach an agreement with the empire, or at least to negotiate a sharing of the spheres.
Faced with a collapsing rouble and the anxiety of the population, the Russian Central Bank raised the key rate to 20% to reduce inflation. But this was not enough. Since the main source of the turbulence is capital flight, the Russian government also banned the payment of debts in Western currencies (dollar, euro). To reassure the Russians, the gold standard will allow the country’s economic agents to trade in gold. In this vein, VAT on gold transactions has been abolished. On the one hand, the average citizen can buy gold and secure his savings denominated in rouble, on the other hand, the state. The rouble associated with this standard will not only rise, but will also reduce its decline. Nevertheless, this measure, rather unexpected, appears to be more of a retaliatory measure, a direct attack on the USA and its petrodollar.
Major turning point
The coupling of the rouble to gold represents a major turning point, an inauguration of the multipolar economic world. All those who have attempted this so far have seen their countries devastated, themselves physically eliminated. This time it is Russia, big again and powerful to boot.
Russia has 12% of the world’s oil market, 15% of the world’s refined products, 20% of the world’s natural gas, not to mention LNG, wheat, platinum, titanium, aluminium…the action of such an important country on the world economy will eventually have a devastating effect on the petrodollar. We are going to see the formation of a large Eurasian market free of the dollar (China, Russia, India, Iran, etc.), which could even demand that its economic partners pay or be paid outside the dollar and the euro. They could eventually be joined by countries of the global South such as Turkey, Indonesia, Brazil, Argentina, Mexico, South Africa, Nigeria or Morocco, Algeria and Egypt.
Moreover, this will put enormous pressure on Saudi Arabia, which China is demanding to be able to pay for its oil imports in yuan. The latter has so far refused, but until when?
What will the West do?
To know what the globalist elites are going to do, we need to know what they are currently doing. First, they are working to cut Europe (a big customer of Russian gas and Chinese manufactured goods) off from Russia and China by destroying the middle class: this is the Great Reset.
Then, they progressively ban the use of so-called fossil fuels in favour of pseudo-renewable energies. To do this, oil and gas have to be extremely expensive. So expensive that renewable energies will finally become economically viable other than through huge subsidies. This is the Great New Deal. Contrary to what some people think, the Davos people know very well what they are doing.
So what are they going to do? Well, look at what’s happening in Ukraine, you’ll get a good idea. For your information, the Russian offensive preceded Kiev’s offensive on the Donbass by 24 hours. So it was a pre-emptive strike (remember what Putin said about striking first when the fight becomes inevitable). There are currently 120 warships from NATO countries in the Baltic Sea. At this point, anything can happen.
Right now they think they can make Ukraine a quagmire for the Russian army. So when they find out that this is not the case, they will be overjoyed.
So what they will do: blow up a Ukrainian nuclear power plant, cause a major financial crisis (cut Russia off from SWIFT altogether) or go to war with Russia openly in Ukraine.
My money is on the first option…”