““The West will need to use gold/silver to buy rubles. By controlling the amount of rubles the West can get its hands on, he can control the demand - which controls the price/value of rubles.
If the ruble is too low - he stops printing, rubles become harder to acquire, the West needs to spend more gold to buy them - this increases the value of the ruble relative to gold.
if the ruble is too high - he prints more making it easier for the West to buy them in gold, and that drops the value of the ruble relative to gold.
This is actually a genius move - and gives the Russian government absolute control over the value of their currency. The Chinese can only dream of controlling their currency that way.”
West: Hey Putin. We will crash the Ruble, okay?
Putin: Okay. You will pay all bills in Rubles then. So Ruble will not get crashed.
West: OMFG. Who could see this coming.
You are absolutely correct.
It is the ability to control the currency that maintained the US so powerful for so many years. Thanks to the 10% guy it is no longer a monopoly.
And China will follow, have no doubt.