Putin is doing what Muammar Gaddafi has failed to do

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Putin is doing what Muammar Gaddafi has failed to do
Admin March 30, 2022

“When will the Russian ruble be tied to gold? It’s a matter of time (perhaps it has already happened). The Central Bank of Russia already announced a few days ago that it was buying up gold at a fixed price. The tax on the purchase of gold by individuals has been abolished. You don’t have to be a top-level financial analyst to understand where all this is leading up to.

When rubles are pegged to gold at a price of, for example, 5,000 rubles per gram, and there are 32 grams per troy ounce, which means that one ounce of gold will cost 160,000 rubles, then converting to US dollars means that gold will cost $1,600 per ounce in rubles, not $1,928 per ounce in dollars.

Russia with this single move will destroy about 30% of the value of the US dollar worldwide. The only thing worse for the dollar is that Russia has decided to sell its oil and gas only in rubles, and the rubles are now fixed at 5,000 rubles per gram. Anyone who wants to buy oil or gas will either have to pay in rubles or pay in gold, and they won’t get the US dollar value of the gold they offer as payment.

People all over the world will literally convert their money into rubles and get rid of dollars and euros. What Russia has just done is the financial equivalent of detonating a nuclear bomb.

The last person on this planet who tried to back his currency with gold was Muammar Gaddafi. What happened next? NATO entered Libya, bombed it until the brainwashed locals grabbed Gaddafi in the street and put a bullet in his head. With Putin, this scheme will not work.

Do you know what is happening with the world’s bankers now? They are in a panic. The so-called leaders of the EU are also scared to death. They understand that what Russia has done will completely destroy both the US dollar and the euro, and these bankers will be telling heads of state that the third world war must start immediately, because this is the only way out for them.

Effect: Europe (which needs Russian gas and oil) will now have to buy rubles from Putin for gold, or pay for oil and gas in gold itself.

Foreign governments holding our dollar debt in reserve will see it as an immediate and far lesser benefit, and will want to start dumping it in favor of something more stable that retains its value.

Basically, any currency pegged to gold will fit the bill. This means that countries like Japan will start dumping their dollar debts as fast as they can – they are NOT going to go down with the American ship. They will switch to more stable currencies, such as … the ruble.

This will have a deflationary effect on the ruble, making it more valuable over time.

It also means that Putin can change the peg of the ruble any time he wants, for example, to 500, 50 or 10. This is becoming increasingly valuable to him.

The immediate result is that all these foreign countries dumping their dollar reserves will cause all those extra dollars to start coming home, causing more massive hyperinflation than we already have in the US right now.

Is it any wonder why Biden last week called for regime change in Russia? He is about to have masses of angry and literally starving Americans marching through the streets here at home demanding answers.

Don’t forget, the other day Putin openly said that now people will convert their savings in dollars and euros in favor of safer investments such as land, food and raw materials.

https://world-signals.com/news/2022/...-failed-to-do/