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Posts by PK1991

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  • Interesting Read - Fall of Azovstal Steel Plant (NATO Command Center)

  • Interesting Read - Fall of Azovstal Steel Plant (NATO Command Center)

    05/21/2022 11:37:44 AM PDT · 43 of 89
    PK1991 to BobL

    And the neocons. Victoria Nuland worked for Cheney, Obama, and Biden. There is one notable administration missing from her resume and one where we didn’t invade anything. Here is a video of Linda Grahamnesty telling Ukraine troops we will fight with them back in 2016. Note the hand wringing too. He is like a cartoon villain in this. Linda starts speaking at 1:10 into the video. https://www.youtube.com/watch?v=lMMvSiVkjfg&t=83s

  • Interesting Read - Fall of Azovstal Steel Plant (NATO Command Center)

    05/21/2022 8:37:11 AM PDT · 18 of 89
    PK1991 to PGR88

    True. That’s the main reason I read alternate sources now. So much of what we hear from the media is BS. Unfortunately, it is as bad as Russian propaganda. And apparently that’s why the deep state wants to shut down alternative sources of information. I didn’t post this saying I know this is true. It seems like a reasoned analysis. I look for comments from knowledgeable people to determine the veracity. Sometimes I get the most insight when I read comments to articles.

  • Interesting Read - Fall of Azovstal Steel Plant (NATO Command Center)

    05/21/2022 7:52:39 AM PDT · 11 of 89
    PK1991 to SES1066
  • Interesting Read - Fall of Azovstal Steel Plant (NATO Command Center)

    05/21/2022 7:32:32 AM PDT · 1 of 89
    PK1991
    Massive fortress like complex on the edge of the water, closes to beaches and other landing areas, apparently bunker like. If you were going to run a base of operations it is a decent choice. Maybe too obvious.

    Reports said this Admiral was captured but the "fact checker" says it isn't true. https://www.ibtimes.sg/fact-check-us-general-eric-olson-captured-by-russian-forces-mariupol-surrenders-along-british-64675

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/30/2022 8:02:15 AM PDT · 60 of 63
    PK1991 to BiglyCommentary

    I thought the point of a discussion board was to discuss things of interest. You aren’t required to read and/or comment.

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/30/2022 7:56:00 AM PDT · 59 of 63
    PK1991 to Rockingham

    Very good analysis. Just a few thoughts, Bitcoin and other crypto currency aren’t backed by any country or “usual suspect” financial system. If I was playing the game of the BRIC countries I would have thought through that problem and how to ensure financial security to users. And the Western governments have undermined their own “secure” financial system by seizing assets of those they don’t deem worthy like truckers and sovereign countries. As to the printing press, the end of that book hasn’t been written yet. But it is looking like hyperinflation or deflation depending on what the FED does.

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/30/2022 7:55:21 AM PDT · 58 of 63
    PK1991 to Rockingham

    Very good analysis. Just a few thoughts, Bitcoin and other crypto currency aren’t backed by any country or “usual suspect” financial system. If I was playing the game of the BRIC countries I would have thought through that problem and how to ensure financial security to users. And the Western governments have undermined their own “secure” financial system by seizing assets of those they don’t deem worthy like truckers and sovereign countries. As to the printing press, the end of that book hasn’t been written yet. But it is looking like hyperinflation or deflation depending on what the FED does.

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/30/2022 4:19:45 AM PDT · 55 of 63
    PK1991 to BiglyCommentary

    Because it is the best house in a bad neighborhood in the West. The US used to sell its military protection to countries to keep them on the petro dollar. We just sent a billion in weapons to Nigeria to keep them “safe.” Now that we are seizing assets and throwing countries out of the banking system some of the good faith and trust has been lost. Japanese Yen is in free fall because they have been printing for decades and cannot change. Compared to Japan the US is New England penny pincher. The US dollar will continue to be used until there is a viable alternative. BRIC countries seem to think they can provide a viable alternative now.

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/30/2022 4:11:06 AM PDT · 54 of 63
    PK1991 to Rockingham

    Its not just gold. Its gold and commodities. Its not just Russia it will be BRIC countries left out of the current printing presses in the West.

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/30/2022 4:09:14 AM PDT · 53 of 63
    PK1991 to BiglyCommentary

    Gold and commodities my friend. Read the full description. Real things not paper and ink.

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/30/2022 4:06:00 AM PDT · 52 of 63
    PK1991 to BiglyCommentary

    Commodities backed currency not just gold. They say it is the new standard so all the printing presses will stop until they figure out another way to faux print with derivatives etc... like they do with Gold now.

  • A New Gold Standard? Kremlin Confirms Intention To Back Ruble With Gold And Commodities

    04/29/2022 2:31:08 PM PDT · 1 of 63
    PK1991
    On Tuesday 26 April in an interview with newspaper Rossiyskaya Gazeta (RG), the Secretary of the Russian Federation’s Security Council, Nikolai Patrushev, said that Russian experts are working on a project to back the Russian ruble with gold and other commodities.

    The interview, which is in Russian, can be seen on the RG website here.

    For those who don’t know the name Nikolai Patrushev, Patrushev is one of the Russia’s most powerful security / intelligence officers and a close ally of Putin. After serving between 1999 and 2008 as Director of the Russian Federal Security Service (FSB) (the successor organization to the KGB), Patrushev moved to being Secretary of the Russian Security Council since 2008. In fact, Patrushev took over as Director of the FSB in 1999 from the previous incumbent, Vladimir Putin.

    The Security Council of the Russian Federation is chaired by Putin, with Patrushev as Secretary, overseeing the Security Council and answering directly to Putin. The deputy chairman of the Security Council is Medvedev Dmitry, the former Russian president and prime minister. Among the other member of the Security Council are current Russian prime minister Mikhail Mishustin, and Russian foreign minister Sergei Lavrov.

    So when Nikolai Patrushev says that Russia is working on a plan to back the ruble with gold and commodities, it is not just anyone saying this, it is being said by the highest echelons of the Russian Government.

    Media coverage (in English) of Patrushev’s 26 April comments can be seen on the Russia Today (RT.com) website here. For those who cannot access RT.com due to it being locally blocked and who don’t want to use a VPN, the RT.com article can be seen on ‘thethreadtimes.com’ website here.

    Patrushev and Putin Intrinsic Value

    Since its good to go right back to the source of Rossiyskaya Gazeta (RG), I have added an English translation of the relevant sections of Patrushev’s interview with RG (using Yandex Translate) below.

    RG Question: And what do we need to do to ensure the ruble's sovereignty?

    Nikolai Patrushev: “For any national financial system to be sovereignized, its means of payment must have intrinsic value and price stability, without being pegged to the dollar.

    Now experts are working on a project proposed by the scientific community to create a two-circuit monetary and financial system.

    In particular, it is proposed to determine the value of the ruble, which should be backed by both gold and a group of goods that are currency values, and to put the ruble exchange rate in line with the real purchasing power parity.”

    So there you have it. The Russian Government is actively working on creating a gold and commodity backed Russian ruble with intrinsic value which is outside the orbit of the US dollar.

    For the above paragraphs, Google Translate produces a nearly identical translation into English as Yandex Translate does, except whereas Yandex calls it a 'a two-circuit monetary and financial system’, Google says a ‘dual-loop monetary and financial system’. ‘Two-circuit’ or ‘dual-loop’ refers here to a ruble backed by both gold and commodities.

    A New Orthodoxy

    Following Patrushev’s remarks about a gold and commodity backed ruble, the RG interview probes further:

    RG Question: Similar ideas have been voiced before. However, a number of experts stated that they contradict the conclusions of economic theory…?

    To which Nikolai Patrushev replies:

    “They do not contradict the conclusions of economics, but rather the conclusions of Western economics textbooks.

    The West has unilaterally appropriated an intellectual monopoly on the optimal structure of society and has been using it for decades…

    We are not opposed to a market economy and participation in global production chains, but we are clearly aware that the West allows other countries to be its partner only when it is profitable for it.

    Therefore, the most important condition for ensuring Russia's economic security is to rely on the country's internal potential, a structural adjustment of the national economy on a modern technological basis.”

    Sanctions - An Own Goal

    On the subject of the financial sanctions themselves, and the freezing of Russia’s FX reserves held abroad, Patrushev states that by imposing sanctions against Russia, the “the West is hitting not only Russia, but also itself”, and has damaged trust in the US dollar as the world’s de facto reserve currency:

    “The current global financial system is built solely on trust, including in the United States as the issuer of the world's reserve currency. Half a century ago, the gold factor was present, but in 1971 the States untied its currency from its quotes, which made it possible to issue money virtually without control.”

    Majority of Asia - SCO and EAEU members. Source

    The West vs The Rest Elsewhere in the interview, Patrushev drops some bombshell comments about how Russia is intensifying cooperation with the non-Western world, comments which have yet to be appreciated by the mainstream Western media.

    “I am confident that we will solve all the problems that have arisen as a result of the sanctions restrictions.

    Today, Russia is moving from the European market to the African, Asian and Latin American markets.

    We give priority attention to the EAEU, whose importance is growing many times over in the current conditions.

    We are stepping up cooperation with the BRICS and SCO countries, which bring together about three and a half billion people on the planet.”

    Note - The EAEU refers to the Eurasian Economic Union. The EAEU, which was founded in 2015, is a free-trade zone and customs union comprising Russia, Kazakhstan, Belarus, Armenia and Kyrgyzstan. See EAEU website here.

    SCO refers to the Shanghai Cooperation Organisation. The SCO, which was founded in 2001, is an international intergovernmental grouping comprising the 8 member states of China, Russia, India, Kazakhstan, Pakistan, Uzbekistan, Kyrgyzstan, and Tajikistan, as well as 4 observer states of Belarus, Iran, Afghanistan, and Mongolia, and a further 6 dialogue partners in the form of Turkey, Azerbaijan, Armenia, Cambodia, Nepal, and Sri Lanka.

    BRICS refers to the world's 5 largest emerging economics and comprises Brazil, Russia, India, China and South Africa. BRICS was established in 2006 and is now a formal grouping, with the BRICS nations formally cooperating and meeting on an annual basis. The 2022 BRICS summit is being held in China.

    EAEU. SCO. BRICS. Three and a half billion people. And now a gold and commodity backed ruble. Something for the Western media to ponder.

    Conclusion - A New Gold Standard?

    In late March when the Bank of Russia offered to buy gold from Russian banks at a fixed price of 5000 rubles per gram, this was the first step in linking the ruble to gold. That move also put a floor price under the ruble and acted as a catalyst for the ruble to re-strengthen ground against the US dollar that had been lost in late February / early March.

    During the same week in late March, Putin also informed the global market that non-friendly importers of Russian gas would have to pay for Russian natural gas using rubles. That move (which we are now seeing playing out in the EU) was the other side of the equation, linking the ruble to commodities.

    This was all laid out in the Q&A article that I wrote for RT.com and which can be seen here on the BullionStar website titled “Russian Ruble relaunched linked to Gold and Commodities – RT.com Q and A”, and which was a big hit on ZeroHedge with more than 650,000 views.

    What we are seeing now is Nikolai Patrushev and the Kremlin confirming this simple equation of linking the Russian ruble to gold and commodities. In other words, the beginning of a multilateral gold and commodity backed monetary system, i.e. Bretton Woods III.

    Anyone who wants to read an English translation of Nikolai Patrushev’s full interview with Rossiyskaya Gazeta can do so at this link.

    * * *

    This article was originally published on the BullionStar.com website under the same title "Kremlin confirms intention to Back Ruble with Gold and Commodities".

  • Russia Pegs the Rubles to Gold

    03/30/2022 5:13:05 PM PDT · 35 of 80
    PK1991 to MercyFlush

    They have oil and many other resources. If Russia and the world transition to pegging currency to a basket of commodities there is plenty of backing correct? That’s what Zoltan Poznar sees as the new monetary system coming.

  • Russia Pegs the Rubles to Gold

    03/30/2022 5:05:27 PM PDT · 32 of 80
    PK1991 to BiglyCommentary

    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

  • Russia Pegs the Rubles to Gold

    03/30/2022 4:41:27 PM PDT · 10 of 80
    PK1991 to DoughtyOne

    “The ruble was trading at roughly 85 to the U.S. dollar, roughly where it was before Russia started its invasion a month ago. The ruble had fallen as low as roughly 150 to the dollar on March 7, when news emerged that the Biden administration would ban U.S. imports of Russian oil and gas.”

  • Russia Pegs the Rubles to Gold

    03/30/2022 4:36:31 PM PDT · 5 of 80
    PK1991 to Paladin2

    I could get you a number but it probably is wildly inaccurate. We don’t even really know how much gold is in Fort Knox. How do you tie it in though?

  • Russia Pegs the Rubles to Gold

    03/30/2022 4:31:12 PM PDT · 1 of 80
    PK1991
  • Putin says Russia will switch gas sales to roubles for 'unfriendly' countries

    03/23/2022 8:47:41 AM PDT · 40 of 87
    PK1991 to PK1991

    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.

  • Putin says Russia will switch gas sales to roubles for 'unfriendly' countries

    03/23/2022 8:40:57 AM PDT · 33 of 87
    PK1991 to allendale

    ““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.”