close

Dear Creators, we are proud to announce an amazing affiliate program for you to earn some serious and continual cash. Read about our affiliate progarm here.


Caros criadores, temos o orgulho de anunciar um incrível programa de afiliados para vocês ganharem muito dinheiro de forma contínua. Leia sobre nosso programa de afiliados aqui.

Up next

Autoplay

How a new ‘gold ruble’ could shake the world financial system

48 Views • 04/07/22
Share
Embed
Download
RT
RT
136 Subscribers
136

The golden move: how has the Russian currency regained all its losses amid Western pressure

--------------------------------------------------------------------------------------------------

Freedom over censorship, truth over narrative.
Follow us on Facebook: https://www.facebook.com/RTnews
Follow us on Telegram: t.me/rtnews
Follow us on Twitter: https://twitter.com/RT_com

Show more
2 Comments sort Sort By

2 years ago

Clearly, Putin learned from the big mistake of Bretton Woods. The immediate convertibility of cash to gold was what undid it. The U.S. was abusing its privilege and French President, Charles DeGaulle called us out by demanding gold for all the U.S. cash that French banks were sitting on. The value of our cash was grossly overvalued and DeGaulle didn't want to be caught holding a bag full of junk paper. Nixon closed the gold window to avoid a global run on our gold reserves in Fort Knox.

Gold's proper role is to use it in escrow to insure the exchange of goods and credit in international trade. A national bank must have gold, silver, and other highly valued commodities to put up as insurance (in escrow) for a deal to go though. Ideally, the trade will be fulfilled and paid for and the gold will return to the central bank. "Return" being a stack of gold bars once had an escrow agreement taped on it but, the trade went through and the gold bars now have the central bank Title restored on them. A legitimate Export-Import Bank would handle the escrow obligations of both countries where gold or other valuable commodities are held as insurance for the duration of the trade agreement.

3
0
Lucifer
Lucifer
2 years ago

The West has become so degenerate it only needs a small push to tipple its from its hegemony

2
0

2 years ago

@Lucifer333: The late Muammar Gaddaffi, builder of modern Libya, benefactor to Africa, and shielded Europe from the Black Hordes, attempted the same gold idea that Putin is now attempting. Gaddaffi failed because he allowed George Fucking Bush and Tony Blair to send in "adivsers" to help "bring Libya into the family of nations" and "democratize Libya's economy." Those (((ADVISERS))) were spies and began undermining Gaddafi's internal security and opening up Libya to "market forces" which caused economic recession, shortages, disorder, and increase in taxes. When ZOG unleashed its war to shut down Gaddafi's gold-backed Dinar (and to steal Libya's oil), Gaddafi suddenly discovered that his internal security was gutted and his control of State functions was undermined. All new command and control systems were created by the (((ADVISERS))) while hollowing out the forces loyal to Gaddafi. The wonderful life that so many Libyans enjoyed was destroyed and now Libya is a Jew-controlled shit hole. Let us hope that Putin learned from that and will make a gold-backed ruble a reality.

3
0
Lucifer
Lucifer
2 years ago

@InfiniteMushroom: , "attempted the same gold idea that Putin is now attempting." I know man, as soon as i read the newspaper he was going to do this, I said to myself "YOU WILL DIE WITHIN A YEAR" and he did

3
0
Lucifer
Lucifer
2 years ago

Russia super weapon is not its Gold, but a leader as Putin, who knows what needs to be done to wreck the globalist infestation

2
0
Lucifer
Lucifer
2 years ago

@InfiniteMushroom: Did Pierce only write 2 books,? I read them both, maybe there are new works

0
0
Life_N_Times_of_Shane_T_Hanson

Interesting.

Despite the contentious politics of allegiance and alliances and the World Economic Forum etc., when this gets up, the scam of the US dollar and the bottomless credit system having bottomed out... will be overturned.

2
0
Show more

Up next

Autoplay