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Is Russia about to shake up the dollar system?

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@tbnfl4sun
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2 min read

There has been a lot of chatter about this over the weekend.

I had the pleasure of reading a fantastic article this morning and have been thinking about it a lot.

Did the Russians just back the ruble to gold? A timeline of how we got here and where we go next source

If you have the time I would highly recommend reading this, it's about how Putin is pegging their currency to gold and oil. It makes a total mockery of our sanctions and the weaponized Swift system. I now feel that Russia was 10 steps ahead of our sanctions and wanted it to happen.

Gold Telegraph ⚡ @GoldTelegraph_ · Mar 25 BREAKING NEWS:

THE RUSSIAN CENTRAL BANK WILL RESTART BUYING GOLD FROM BANKS AND WILL PAY A FIXED PRICE OF 5,000 ROUBLES PER GRAM BETWEEN MARCH 28 AND JUNE 30

source

If this doesn't shake up the gold markets on Monday I don't think anything will!

Another couple of Quotes from this article,

Can I go through the drive up window to the CB and exchange 5,000 rubles for 1g of gold? No. I can’t do that here either – but I can go to an exchange and use a FLOATING CURRENCY to buy gold. The issue here is the USD is a floating currency and thus has no value. And that is what is exposed here.

Not many people really grasp what is going on, but the people reading this far have probably 80-90% of the puzzle where 99% of the masses are watching “Real Housewives of Allentown, PA”. Clueless.

So now most unfriendly people to Russia will have to buy gold or rubles to trade for oil. This not only will strengthen the ruble but will weekend the dollar! (IMHO) This is really going to get interesting watching the different country's trying to decide what they will do.

What's the scary part about all of this?

Anytime a country tries to have a gold-backed dollar we send in troops to make sure that won't happen. I fear this will be the reason this war gets hot and very soon. I hope I'm wrong because this will add to the bad inflation and supply shocks we already have.

I think now is a good time to stock up on food, and bullets. It may be seen as excessive to some folks but it's better to be safe than sorry. If you know me you also know that I feel gold and silver are a very important part of a balanced portfolio. Stacking the hell out of xpolycub, cub, leo, hive, and LVL is my plan also.

Please tell me what you think about all of this in the comments below, I think this could be a game-changer!

@mariosfame @krunkypuram

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