 In the history of the world the most common form of money has been precious metals, with the three most common being gold, silver, and copper. In the more recent history of the world nations have used paper money backed by precious metals. And in the last few decades countries have used paper monies backed by various other things or nothing, which some have termed as fiat money. So, what if a country in our present-day fiat monetary system decides to back their currency with gold again, what do you think would happen to other currencies and the USD world reserve currency that are not backed by precious metals? I dare say that other currencies would lose their value and also nations would begin dumping the world’s reserve currency in favor of obtaining the currency backed by gold. Well, guess what? Russia has just backed its currency to gold. As Hal explains you can now buy an ounce of gold in rubles for about $1600 USD equivalent. In USD an ounce of gold costs about $1928. So, what would you use to buy gold, Rubles or USD? And on top of that beginning on 3/31/22 they are selling oil and gas in Rubles/gold/BTC only. So, what does all of this mean? Check this out. #GotGoldorRubles? Did Russia Just Break The Back Of The West? I don’t think everyone has yet caught the significance of Russia announcing they are putting a floor under the price of gold. But, to be clear, Russia just broke the paper gold suppression scheme… As I talked about in previous articles, this sets up the opportunity to end the suppression of the price of gold through rehypothecation of physical gold in the paper markets which is the basis for the entire financial colonization system I described above. FYI, this same scenario is going to play out in Bitcoin now that Russia has said ‘friendly countries’ can pay for imports with Bitcoin. Has anyone noticed the current rally in the World’s Most Hated Cryptocurrency? We now have a full gold/bitcoin/ruble (and soon Yuan) interconversion system that completely and utterly cuts out Davos and destroys their colonial debt model while also taking away their power to crash economies through hot money in and out flows… I agree, China will probably join in and back their currency with Gold too. I can see this crashing the dollar and other currencies and then the USA will probably have to come out with a new USA currency backed by precious metals and hopefully not from the Federal Reserve but from the USA Treasury, hopefully it will not be digital. FULL ARTICLE AT: Wake Up and Smell the Gold |
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