Russia Just Told You The Ruble is Implicitly Backed by Gold and Bitcoin
Authored by GoldFix Substack
UPDATE: 11:54 a.m. AND NOW THIS
ZH post:
In order to balance supply and demand in the domestic precious metals market, the Bank of Russia will buy gold from credit institutions at a fixed price from March 28, 2022.
After the specified period, the purchase price of gold can be adjusted taking into account the emerging balance of supply and demand in the domestic market.
Intro: We are not given to hyperbole. This is a path we’ve studied for years as students of history. This is not a fomo panic buy (or sell) statement. It is a geopolitical observation.
There comes a point where no matter how good a captain is, after which, he cannot steer his ship to avoid an iceberg. The dollar is on a collision course with China and Russia on trade. If the iceberg does not melt, the choices are: crash, or scuttle with the affluent surviving in lifeboats.
...The following was reported yesterday. The implications are geopolitically staggering. We hope our governments are paying close attention.
Russia is open to accepting bitcoin for its natural resources exports, the chairman of the country’s Congressional energy committee, Pavel Zavalny, said in a press conference on Thursday. BitcoinMagazine via Zerohedge
As part of the pushback by Russia from western trade sanctions and restrictions in using SWIFT, Russia has had to openly accept alternative payment methods and systems for its assets. A large part of that solution is using Gold and Bitcoin for Trade.
Dollar Death by A Thousand Cuts
The article is viewed rightfully by some as an overplay on the significance of the Bitcoin inclusion beside Gold as an alternative payment. Though this is true, the long term effects are potentially a cascade of currency rebellions. Death of a thousand Bitcoin transactions, if you will.....
Thanks. I saw that, and that’s where I got the direct links I posted.
This great reset isn’t looking too good for us. I watched a little i24 Israeli news, and it looks like the Gulf States and some ME are carrying on the Trump doctrine and taking care of their own neighborhood. They have common enemies Iran, and the Muslim Brotherhood which is not liked by Syria either. And Saudi Arabia has been hit by the Houthis (Trump designated them terrorists and Biden immediately undid it) on their oil production.
So we have Iran, Houthis and Muslim Brotherhood, all favorites of the democrats but are terrorists to Gulf States and Israel.
Then we have Russia, China, India, and several other countries aligning due to trade and economic reasons.
Wake up Democrats!