"A Paradigm Shift Western Media Hasn't Grasped Yet" - Russian Ruble Linked To Gold & Commodities

You would be laughably incorrect.

 

Nope....US was never vanquished, not like the former SU.

 

Fully agree...Breaking up the USA would save the world. A sick country that has completely lost moral compass and common decency. A cancer that is destroying human race.

 

So, can Russia pay out its debts with gold? Won't there be a run on gold from cashing out rubles for gold? Does Russia have the gold reserves to pay out gold when there'll be a high demand for it? If not I think there'll be yet another collapse in the Russian system.

 

Indeed. Putin's only option is to tuck tail and try to get sanctions lifted by begging the west for mercy.

 

How much hold does Russkis have in reserve....500-600 billion??

How long will that last?....once you burn through that....it's basically medievalism.

 

A break up of the US might just happen. The country is split in two and it's getting worse with Biden's liberal stupidities - among other things.

Do the other nations have large Nazi armies like the Right Sector, Azov, Aidar, etc., and are they part of their countries military and are they attacking and killing civilians and/or using them as human shields as Azov has been doing in Mariupol?

MAIN STREAM MEDIA
...
J O U R N A L I S T S

We lie and spin that's how we go
pretending that we're in the know

and laugh at what you read and see,
since it's our own reality.

Now some might think that we're insane
since in our lies there is no gain;

but they don't know that mind control
is but our one and only goal.

For in our weird messianic minds,
controlling you means we're divine,

and thus the world with all its lands
will soon be in our loftier hands.

- Jeannette​

 

Their real wealth continues to come from energy exports. These need to be cut off to the greatest extent possible. Europe needs to man up and quit buying Russian gas.

 

They'll send it to China....for a discount of course.

 

Russia doesn't have debt. What do you think Vladimir Putin has been doing all these years while we were printing fiat money. He was securing Russia's economy from our attacks. When the dollar is not in demand, there's going to be an awful lot of them floating about making it totally worthless.

Besides, why would anyone want to cash out rubles for gold when the ruble is rising in value and gold is very heavy to carry around?

Moscow will now be asking for all their commodities to be paid in rubles from unfriendly nations such as: oil, grain, fertilizer, timber, diamonds, copper, coal, Platinum, Palladium, Titanium, Uranium, Magnesium, lead, zinc, etc., etc. That way they can be assured that it won't be stolen.

As for the hundred plus friendly nations, they can pay in their own currency. They'll probably be getting everything at a cheaper rate as well.

 

This is a trove of utterly baseless claims. "Linking" the ruble to the price of gold, merely by giving a standard price of 5000/ rubles per once, will have an effect on no one, except for the Russian banks, which buy or sell rubles, among themselves, at this fixed price. Anywhere else in the world, obviously, the value of the ruble is not fixed to the price of gold. The idea that when the price of gold rises, so would the value of the ruble, based on this offer from the Russian Central Bank, is ludicrous. The true way, for that to happen, would be for a country to have in its reserve, an amount of gold to back up all the their paper currency's value, as the U.S. used to do. I do not think any country does this, anymore, and it is unlikely that any will start. Gold is so valuable, because it is in high demand-- not just for decorative jewelry, but for its specific, technological uses-- and there is a limited supply. It is almost a certainty, that the Russian government does not have enough gold in its possession, to back up even the current value of rubles in circulation, which is less than the value of one U.S. penny, each. At 5000 rubles per ounce, that is only $50, which is only a fraction of gold's actual, world value.

What I am thinking, is that perhaps the Russian government is going to use this as a way to compel private Russian banks-- assuming such a thing exists-- to sell them their gold, at this ridiculously discounted rate. If I were them, I would immediately liquidate all my gold, on the world market-- except that allied sanctions, complicates this (though I suppose they could still sell it to Chinese investors, in exchange for Yuan, which are worth about 16¢ each, compared to the U.S. dollar).

 

Yep, Europe should destroy their economies and go hungry for a bunch of Satanist oligarchs and Nazis. You're joking right?

 

I've always been of the opinion that Russia is actually more of an Asian country with a European outlier than a European country with an Asian outlier, amIright?

 

Russia put the ruble on a gold standard 2 or 3 weeks ago to offset the loss of value and to give the Russian investors a secure alternative after their foreign currency was stolen. Unfriendly nations will now have to pay not only for gas in rubles, but also for Russia's other commodities such as: Oil, Coal, Timber, Grain, Fertilizer, Diamonds, Platinum, Titanium, Copper, Lead, etc., etc., etc., etc.

As for the 100 plus friendly nations, they will be allowed to pay in their own currency. Russia will not accept dollars or euros.

Never underestimate the man:


Unlike some others in our sphere,
to me Russia is: 'Mother Dear'.

So if you try to break her heart
and vilely try to grab a part,

through devious means with lies and guile
which as we know is your style.

Then also know you'll suffer ill
and find it a very bitter pill.

As others have who came before
and didn't know what was in store

for them. - Jeannette

 

Some of it. I hear that Russian ships have been going dark a lot lately, switching off their transponders. Got to wonder where they're headed.

 

Russia is an Orthodox nation with its foundation on Constantinople and the Greek Byzantine Empire rather than Rome. Thus the historical cultural animosity towards them by the former subjects of Rome. The antipathy towards Russia is embedded in Western DNA since the Russians were the ones who protected the Orthodox people from attacks by the Ottomans and the Catholic nations and Pope.

It's called the Orthodox/Catholic divide, and its this religious division that kept the Western Europeans from advancing Eastwards.

 

Middle of the ocean maybe?....into international waters?.....transfer oil or whatever to another freighter for cold cash?

 

Odessa?

 

I always heard that the Slavic peoples moving into the Pripet marshes about 700 protected Europe from being conquered by the Caliphate coming up from the East. It's due to Russia that we're all not speaking archaic Arabic

 

From there all the Nazis will then be debarking for the submarines to Antarctica.

 

Russia is NOT "on the Gold Standard," as I explained, in my post which you are nevertheless answering with a continuation of this fallacious usage of that term. The gold standard, means backing up all of your country's currency, with gold reserves; Russia did NOT begin doing that. They have merely mandated an unchanging exchange rate within Russia. That does not mean that 5000 rubles will buy you an ounce of gold, anywhere else.

As to their demand that those nations, allied against Russia's invasion of Ukraine, need pay for Russian commodities in rubles, this is very interesting. I will give Putin credit for coming up with a way to support the price, of the crumbling ruble. It will in no way, however, raise the ruble to be anywhere near 1/5000th of the value of an ounce of gold. A quick peek, shows me that the ruble has bounced back from being worth less than a penny, to now being worth 1.2 cents, each. In rubles to dollars-- while it had been up to at least 110 rubles, if not higher-- it is now down to between 81 & 85 rubles, per dollar. That puts the value of 5000 rubles, at about $60. By comparison, the current strike price for a Troy ounce of gold, is about $1933.

It stands to reason, allies will pay in rubles, not in gold. If the ruble's value were to rise to 2¢, which seems doubtful, it might actually provide more incentive, for those allied nations to boycott Russian goods, which would put Russia into an even worse position-- so this Putin move was not completely without any potential risk.

 

Entire Russian economy is like 3% of total combined global economy.
I thought you should know this before making dire predictions.

 

The Russian economy is (or was) slightly larger than Australia's. If we demanded everyone use our currency - and we have a real one, rather than the monopoly money Russia uses - people would quite rightly laugh in our faces. Same thing if South Korea, whose economy is larger than Russia's, demanded everyone use the won.

Watching Russia & her drones act as if she is some sort of world economic power is genuinely funny. If it wasn't for the nuclear weapons Russia would just be one more third world nation with an attitude problem.

 

They always were, even before 1989 they were often derided as a third world nation with a first world military, and now they don't even have that. The Sauds could bankrupt them just by turning a spigot but since they profit off high oil too, they won't. Just wait until they piss off the Arabs though.

 

They are already in the bad books with the Sauds for buddying up with Iran, but the Sauds are in no position to bankrupt their own corrupt petro state in order to cripple Russia. Ironically the Sauds likely provide a better standard of living for their people than Russia does for theirs. They too have delusions of grandeur, but of a wholly more contained nature.

It will be interesting to see where things sit with Russia on 5-10 years. As was the case in the early 90s, it can choose to be a 'normal' nation with a lot of nuclear weapons that integrates substantially wiht the rest of Europe, it can shoose to effectively be a Chiese client state or it can try to go it alone with a diminished military & economy.

Sadly, there is ample evidence that given a choice between living a free, prosperous life in an 'ordinary' nation and living as peasant under authoritarian rule in a nation that pretends it is important Russians will overwhelmingly prefer the second option.