I don’t think people realized what just happened over the past few days, so I’m going to try to explain what I’m seeing:
The Russian central bank pegged 1 gram of gold to 5000 Rubles (currently, about 50 bucks).
At the same time, Putin made it so that Russian gas and oil can only be purchased in Rubles.
Meaning: Putin basically just pegged Russian oil and gas to gold, using paper rubles as a proxy.
Meaning: Europe will need to either buy Rubles from Putin in gold, in order to buy gas and oil, or they will have to buy directly in gold. Which means, there will soon be a lot more demand for rubles.
Currently, the forex rate for rubles to dollars is about 100:1.
But… with 5000 rubles now equaling 1 gram of gold, and oil being priced directly in gold – you’re going to see a massive price disruption in these FOREX markets, in terms of how much gold a dollar can actually still buy.
Foreign countries holding our dollar debt notes in reserve will see less of a use for them, and will want to start dumping them, in order to get something more stable, something which holds its value.
Basically any currency pegged to gold now will fit the bill. Which means those countries – countries like Japan – will be dumping their dollar debt as fast as they can. They’re are NOT going to go down with the ship. And they will move into more stable currencies – like the Ruble.
Which will have a deflationary effect on the Ruble, making it more valuable over time.
Which means Putin will be able to re-peg the Ruble to Gold at whatever rate he wants, down the line. It’s 5000 rubles today. Tomorrow, it might be 500. And then 100. And then 10.
This also means all those excess dollars being dumped by foreign nations are about to come home and cause even worse hyperinflation than we’re seeing.
Is it any wonder Biden is up on stage pleading with Europeans for regime change in Russia? He’s about to have masses of angry and starving people marching through the streets here at home, demanding answers.
Since I do not completely understand economics, what would a sane, non-ideologically driven president do? I am loving the rejection of the west.
Respond in kind and probably purchase a few operational and productive gold mines.
Buy gold?
If you buy gold remember 1932. If the FEDS could declaire gold bullion illegal then,they can and will do so again.Buy small gold rings instead of coins.I bet the law is already written and waiting for the right time.
8 AM Eastern time. Ruble at 84 to the dollar. Changing quickly. The world will find a way to stay on the easy debt based money tree. Sound money would be untenable to the NWO crowd.
Good question. I would say you would have to hold them in an overseas account.
Tom Luongo is in agreement. Russia has put a floor under the price of gold which, in his opinion, will wipe out the paper gold market. This is the start of a new financial system, not the Great Reset one. There is no going back from it and may explain the EU’s panic when Russia demanded payment in Rubles or gold. Putin just made the G7 groups that spout threats against Russia, like the Energy Ministers’ proclamations that they’ve breached contract, when they can’t do anything about it, irrelevant.
Accurate. Putin spoke about this issue with (I believe) one of his finance ministers a little while back. He knew doing this would wipe out the paper metals markets in time.
All I know for sure at this stage is I don’t have enough shiny stuff.
Which, will, of course, hasten the West’s financial reaction to introduce a competing digital currency system that could economically exclude any nation unwilling to trade with them. There are literally billions of paper notes floating around as legal tender and many countries will readily exchange them in trade for gold-backed Russian notes and commodities.
NOW has literally punched themselves in the nose.
Just reviewing this now… interesting times indeed.
R
$1550 gold is a joke, given all the liquidity that has been pumped into the system. It should have already been at $3000 a year ago, and on its way to $5000. We shall see.
I have some soviet era rubles I can sell you.
We are moving into a two tiered monetary system. An international gold backed system for trade and a local currency of dubious value connected to social credit plus voucher system for us serfs.
There will be a black market connection between them but only if you are using a vendor who has paid for a license so to speak.
Like today’s drug and prostitution rackets, only those who pay their bribes will be safe from prosecution. Same o same o. The more things change the more they stay the same.
P.S.
Believe the hype that that system is years from being up and running at your own peril.
or that crypto is safe and untraceable…
Right. We saw first hand in Canada how safe they were. My amazement comes from the number of otherwise redpilled thinking the Company doesn’t or can’t get the encryption keys for anything they want.
Interesting thought. Years ago when JC Collins was still writing he talked about a two teared system like this. The problem, as I see it, is that by attacking the debt based system at THIS STAGE, the inflationary aspect hits everyone from the state to your grand kids piggy bank pretty much instantly. It’s too much too soon and like Covid restrictions the frogs appear to be jumping out of the pot.
Inflation (and possibly one or two other issues) is the problem that binds us. As for your assertion that the social credit/digital ID system is basically ready to go you are correct. It is already being rolled out in Ukraine (of all places). But again, I believe it is too much too soon.
Something new is certainly about to emerge. But I don’t think it’s the reset Klaus Anal Schwab and crew are hoping for. I guess time will tell…
We think of the PTB, elite, Deep State, Globalists, Assholes-in-charge, whatever you want to call them, as a monolith. That cannot be so. There are huge egos involved. Do you think these people are all just going to line up and follow orders without question? Yes, there are some things that seem to happen that way, but it goes against human nature and history.
The thing no one gets about CBDCs is that, yes, it is the tyrants dream…complete control over money, who gets it, who does not and how it gets spent. BUT, in order for us all to have an account with the Fed, for instance or any central bank, they would have to eliminate the whole banking layer. Do you think that bank CEOs will just let that happen? What could the Deep State possibly offer them that the current system does not?
Exactly. There is a civil war happening at the top of our financial and political food chain – that much is evident. The only thing open for debate at this point is whether or not there are any good guys and whether or not one or the other system, whichever emerges, is better for humanity than the other.
FM/Drud…
1. at THIS STAGE, the inflationary aspect hits everyone from the state to your grand kids piggy bank pretty much instantly. It’s too much too soon and like Covid restrictions the frogs appear to be jumping out of the pot.
2. Do you think that bank CEOs will just let that happen? What could the Deep State possibly offer them that the current system does not?
3. BUT, in order for us all to have an account with the Fed, for instance or any central bank, they would have to eliminate the whole banking layer.
4. We think of the PTB, elite, Deep State, Globalists, Assholes-in-charge, whatever you want to call them, as a monolith. That cannot be so. There are huge egos involved. Do you think these people are all just going to line up and follow orders without question? Yes, there are some things that seem to happen that way, but it goes against human nature and history.
5. The only thing open for debate at this point is whether or not there are any good guys and whether or not one or the other system, whichever emerges, is better for humanity than the other.
My replies.
1. There is no inflationary aspect. It has already happened to the tune of a trillion to 1 leverage in derivatives. Frogs only appear to be jumping out to the most extreme optimists.
Covid and Ukraine are just preliminary smoke screens. The assurances of vouchers will dull enough impact to finish the job of acceptance.
2.
3.
4. Waco, OKC, Yugoslavia, 911, Iraq WMD’s, DHS, 2020 election, COVID 19. WWI, WWII, Korea and firebombing the entire country. Federal reserve act., Has the 17th amendment ever been challenged regarding it’s proper ratification.
5. Whichever emerges is better for humanity??? See #4
Adendum to answer #1.
More smoke screens coming.
Hat tip Mary C.
And the pandemic narrative began to collapse when enough people saw the lie of it and refused to be afraid.
So, reinventing or reissuing the story as being about a pathogen from a terrifying Ukrainian bio-lab might be a good way to scythe through that growing awakening, no?
Another possible reason, of course, is future horror stories of mutant pathogens being released ‘by accident’ or ‘by the Russians/Ukrainians’ (you will be able to pick a side in that delicious binary and debate it forever in the ensuing lockdown/cull, which will, of course, be global and require a ton of even tighter legislation).
Such stories can also be a great ‘justification’ for widening a war or reviving a flagging war narrative, for dropping peace negotiations, cranking up sanctions or any other chaos-inducing stuff you want to introduce.
Go to the currency exchange in any airport, that’s the easy way to start.
Arch. It’s suppressed illegally with uncovered short sales. Go to you tube and enter naked shorts.
https://www.investopedia.com/terms/n/nakedshorting.asp
I believe one solution will be to buy Russian bonds. Countries like Japan which have little Gold will have to do that. Going on the spot market to buy Gold would be like lighting a rocket under Gold. Another fine mess from the people that brought you Dementia Joe.
The untruth about gold as a “barbarous relic” has been turned on its head. Now gold seems to be a viable alternative as monetary insurance during economic hard times. By introducing economic sanctions on Russia TPTB now has to deal with a reality that could literally sweep the legs from under the NY/London gold market cabal and their mispriced antics.
Buy the dip and don’t worry about Rubles.
Get food, water, security in place first.
The buy physical gold.
After that, to speculate, buy gold miners, esp. Polymetal. Rick Rule thought it the best mining stock in the world when it was $25/share. It dipped to $2/share. Now, back up to $4.50. Not at all to late.
I find those claims that the Ruble is now “backed by gold” completely ridiculous. No Russian Federation spokesman, nor any major Russian news site claimed that, TTBOMK.
This will turn out like the claim that “the West froze (=stole) half of Russia’s physical gold reserves” – a [deliberate] misunderstanding to create more extreme headlines, but a falsehood nonetheless.
Trudeau destroyed trust in Canadian banks.
Biden said, “Hold my ice cream cone,” and destroyed trust in SWIFT.
SWIFT is now bypassed.
Non-aligned nations not interested in doing business with Western banks now have an alternative to economic blackmail.
London is rigging the market to make Putin’s move less profitable ??
Moscow will sell you rubles–for gold. You can put them in a US bank and the US government can seize them. US has the paper and Putin has the gold.
Is Putin attempting to expose the methodology by which the Rothschild / Federal Reserve banking cabal has been bilking nations for centuries ??
Everybody should realize the FRBNY receives a claim of a deficit spending Treasury security before the government receives a ledger credit the U.S. Treasury can use to pay bills. That ds security is auctioned as a decimal component of auctioned roll-over securities. The FRBNY has exclusive management of dispersal of auction funds [>$14 trillion annually] and any related actions they wish to claim. Ref 31 USC §375.3. Those accounts have never been audited [security handling has been REVIEWED by GAO twice but no audit]. If ds funds went to government, there would be no increase in the National Debt nor any increase in value in circulation [inflation]—[you will have to think about that for a bit]. Where do the ds funds go ?
HINT: Could those funds go to [covert] owners of the Fed [closely held FRBOG, Inc,] and get laundered in BlackRock /Vanguard purchases which they also own? Globalization has been funded by the $30 trillion that has disappeared into the FR and globalist scams. Fink is managing some of the cabal’s assets.