“Russia just wiped out about 30 percent (30%) of the US dollar worldwide when it comes to gold ingots.
People all over the world are literally throwing their money on the ruble and throwing away dollars and euros to do it. What Russia just did is the financial equivalent of detonating a nuclear bomb. “
Ok, this one is the funniest out of all the death of the dollar articles. I don’t know if this guy is coming down from an acid trip while writing this or he just thinks his readers are just very dumb.
6.2 trillion (yes, trillion, the one with the T) dollars trade daily. Russia Gross Domestic Product is about 1.5 trilion annually. They export roughly 500 billion. The ruble is a spit in the ocean. It is a gnat on an elephant’s behind. Stop with the kookery that it matters. It does not.
This guy is reasonably intelligent. Its a broader view not just Russia and Gold. “We are witnessing the birth of Bretton Woods III – a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken
the Eurodollar system and also contribute to inflationary forces in the West. A crisis is unfolding. A crisis of commodities. Commodities are collateral, and
collateral is money, and this crisis is about the rising allure of outside money over inside money. Bretton Woods II was built on inside money, and its foundations crumbled a week ago when the G7 seized Russia’s FX reserves…” https://static.bullionstar.com/blogs/uploads/2022/03/Bretton-Woods-III-Zoltan-Pozsar.pdf