RUSSIA RETURNS TO THE GOLD STANDARD FOR ITS CURRENCY

[Ontario]

In one fell swoop, Russia just made the Russian Ruble the single most stable currency in the entire world.

Moreover, they just messed the US Dollar and the EURO so badly, neither currency is likely to survive.

Nobody around the world will favor a US dollar, backed by nothing, from a nation $30 TRILLION in debt, versus a gold-backed Ruble.

Russia just completely SMASHED the United States and the EUROZONE.

[Hogmeister]

Wait what did I miss? I read in a Swedish business paper that Russia abolished its 20% VAT on gold (which is positive) but nothing more.

[mudflap]

source?

not seeing it. looks like fake news.

[Vision]

Perpetuating the myth of the gold standard and the US dollar collapse.

[gkearney]

What is the source for this story or is it just wishful thinking?

In one fell swoop, Russia just made the Russian Ruble the single most stable currency in the entire world.

Moreover, they just messed the US Dollar and the EURO so badly, neither currency is likely to survive.

Nobody around the world will favor a US dollar, backed by nothing, from a nation $30 TRILLION in debt, versus a gold-backed Ruble.

Russia just completely SMASHED the United States and the EUROZONE.

[Chip]

A lot of unverifiable news is filling LDSFF right now.

[mudflap]

A lot of unverifiable news is filling LDSFF right now.

I remember thinking back when the internet became a thing in the 1990s:

"now we'll know everything! how will they be able to hide it and lie to us?"

And here we are in 2022, being lied to....about literally everything.

[HereWeGo]

Source is Hal Turner. He often comes out with fantastic news like this and there is seldom substantiation from others.

[Lexew1899]

The only thing I’ve read is they have removed VAT tax from gold. Not a gold standard (gold backed currency).

[HereWeGo]

https://halturnerradioshow.com/index.ph ... s-currency

[Niemand]

A lot of unverifiable news is filling LDSFF right now.

I remember thinking back when the internet became a thing in the 1990s:

"now we'll know everything! how will they be able to hide it and lie to us?"

And here we are in 2022, being lied to....about literally everything.

And they hide the stuff well. Just try using most search engines these days.

[endlessQuestions]

Hal Turner is a non-starter. Only read if you enjoy the dopamine hit of fear porn.

[harakim]

A lot of unverifiable news is filling LDSFF right now.

I remember thinking back when the internet became a thing in the 1990s:

"now we'll know everything! how will they be able to hide it and lie to us?"

And here we are in 2022, being lied to....about literally everything.

It's because we pay attention to what governments say and argue about that instead of focusing on real life. It's pretty weird how they managed to keep that going so long.

[Refraction75]

What I find interesting is the silver and gold prices not really moving higher.

[Ontario]

Russian Money Gold Backed?! 03/03/22 Gold & Silver …
https://www.bing.com/videos/search?q=Ru ... ORM=WRVORC

[Ontario]

Luongo: Opening Salvos Thrown, What Are Putin's Next Steps In Ukraine?
The Limits of Money Wars
https://www.zerohedge.com/geopolitical/ ... ps-ukraine
If Putin and Russia have achieved, or are about to achieve, all of their military goals in Ukraine, what do they do to secure those gains?

They have to neutralize the financial war waged against them and create an environment where Europe spends money it doesn’t have, with failing political capital domestically, and bankrupts them completely.

And the first move along those lines was just announced by the Russian Finance Ministry today (VPN and Deepl translator needed).
The Limits of Money Wars

If Putin and Russia have achieved, or are about to achieve, all of their military goals in Ukraine, what do they do to secure those gains?

They have to neutralize the financial war waged against them and create an environment where Europe spends money it doesn’t have, with failing political capital domestically, and bankrupts them completely.

And the first move along those lines was just announced by the Russian Finance Ministry today (VPN and Deepl translator needed).
It means simply that Russia has now, in effect, begun the remonetization of gold for domestic purposes. By removing the VAT on gold purchases Russian citizens can now offset their currency risk with gold and stabilize the domestic monetary situation.

The first step in offsetting financial warfare from the West is allowing the domestic population to be immune to collapses in their currency from foreign actors pulling capital out of the country. Companies doing international business now have an alternative to hold time deposits which are far less volatile than the ruble without penalty. Gold becomes the coin of Russia’s international business.

It’s the beginning of the process of draining physical gold from the global market and control over its price by the ponzi schemes that are the COMEX and the LBMA.

This is a first step in rebuilding confidence in the Russian banking system rather than what we’re seeing in the West which is the ritualistic assault on privacy, wealth generation and the value of our labor, which is degrading rapidly thanks to inflation, which will rage from here as all energy and commodity markets are scared to death of Davos’ financial war on Russia.

[Sarah]

Luongo: Opening Salvos Thrown, What Are Putin's Next Steps In Ukraine?
The Limits of Money Wars
https://www.zerohedge.com/geopolitical/ ... ps-ukraine
If Putin and Russia have achieved, or are about to achieve, all of their military goals in Ukraine, what do they do to secure those gains?

They have to neutralize the financial war waged against them and create an environment where Europe spends money it doesn’t have, with failing political capital domestically, and bankrupts them completely.

And the first move along those lines was just announced by the Russian Finance Ministry today (VPN and Deepl translator needed).
The Limits of Money Wars

If Putin and Russia have achieved, or are about to achieve, all of their military goals in Ukraine, what do they do to secure those gains?

They have to neutralize the financial war waged against them and create an environment where Europe spends money it doesn’t have, with failing political capital domestically, and bankrupts them completely.

And the first move along those lines was just announced by the Russian Finance Ministry today (VPN and Deepl translator needed).
It means simply that Russia has now, in effect, begun the remonetization of gold for domestic purposes. By removing the VAT on gold purchases Russian citizens can now offset their currency risk with gold and stabilize the domestic monetary situation.

The first step in offsetting financial warfare from the West is allowing the domestic population to be immune to collapses in their currency from foreign actors pulling capital out of the country. Companies doing international business now have an alternative to hold time deposits which are far less volatile than the ruble without penalty. Gold becomes the coin of Russia’s international business.

It’s the beginning of the process of draining physical gold from the global market and control over its price by the ponzi schemes that are the COMEX and the LBMA.

This is a first step in rebuilding confidence in the Russian banking system rather than what we’re seeing in the West which is the ritualistic assault on privacy, wealth generation and the value of our labor, which is degrading rapidly thanks to inflation, which will rage from here as all energy and commodity markets are scared to death of Davos’ financial war on Russia.

Well, the Russian propagandists always do give away the plan. So maybe this is it!

[BeNotDeceived]

You can’t eat gold, or heat your house with it either.

[Gadget]

You can’t eat gold, or heat your house with it either.

This is exactly why I keep USD cash on hand. The color reminds me of salad when I eat it.