Gold, Rubles and the Ripple Effect

Via Neon Revolt on Gab

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.

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Old School Counselor

Since I do not completely understand economics, what would a sane, non-ideologically driven president do? I am loving the rejection of the west.

Glock-N-Load
Glock-N-Load

Buy gold?

Call me Jack

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.

Balbinus

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.

Balbinus

Good question. I would say you would have to hold them in an overseas account.

Rossa
Rossa

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.

#GotGoldorRubles? Russia Just Broke the Back of the West

Ghost
Ghost

Just reviewing this now… interesting times indeed.

R

UB5000 to the ounce at an exchange rate of 100 RUB/USD implies a $1550 per ounce gold price.

For a few days previous to this announcement, which they knew was coming, The West was running around with multiple bits of legislation to try and keep the Russians from selling their gold.

The G7 think the sanctions are hitting so hard that Putin will be forced to sell his gold to evade sanctions to pay for things. They are literally running a script in their heads that is not actually playing out in the real world.

But, whatever, Neocons never met an ugly stick that they didn’t want to use to beat someone over the head with. Too bad all they’re doing is hitting a rubber tire.

Boing!

Because here’s the gig, Russia won’t be selling any gold. They’re buying it.

#GotGoldorRubles? Russia Just Broke the Back of the West

Svarga Loka
Svarga Loka

$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.

Ken31
Ken31

I have some soviet era rubles I can sell you.

Fleabaggs
Fleabaggs

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.

brian
brian

or that crypto is safe and untraceable…

Fleabaggs
Fleabaggs

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.

Rachel
Rachel

Go to the currency exchange in any airport, that’s the easy way to start.

Fleabaggs
Fleabaggs

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

Harrington Richardson
Harrington Richardson

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.

Anonymous
Anonymous

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.

m
m

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.

kfg
kfg

Trudeau destroyed trust in Canadian banks.

Biden said, “Hold my ice cream cone,” and destroyed trust in SWIFT.

Anonymous
Anonymous

SWIFT is now bypassed.

Non-aligned nations not interested in doing business with Western banks now have an alternative to economic blackmail.

olde reb
olde reb

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.

olde reb
olde reb

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.

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