The U.S. dollar can expect to take a pounding if Russian President Vladimir Putin carries out what appears to be a conversion of Russian currency to a gold-based standard.
Just this past September, Russia added another 1.1 million ounces of gold to it’s reserves, increasing the total amount of gold it possesses to a whopping 43.5 million ounces.
This theory is given even more credence by the fact that the massive country has added a combined total of 2.51 million ounces of gold to it’s holdings, marking the biggest gold reserve increase within a three-month timeframe in Russian history.
Check out the next page to see the increase in Russian gold reserves for yourself:
Just trying to decide which country next, since my country ABANDONED ME long ago, I will not be here to pay the politicians debt.
Not how I will spend my life.
Weimar Germany.
America will seeK the same sution as Germany did in ww2 also.as Germany did I
To pay interest on worthless debt.
The dollar we pay back to Russia and China ia worth 1/4 of the dollar we borrowed.
We haven’t held the worlds reserve currency in years.
THEN THE REAL OBAMA HANGING WILL START
Oh, it’s going to happen!!
Another of Obama’s doing!!!!!
Russian economy is in shambles. Their sole exports are oil and vodka. Oil reserves in the US alone are twice that of Russia . When the current inept , useless adminstration is ousted and a business man is president and our economy is freed from massive restrictions , our economy will explode like the world has never seen
There is no gold at Fort Knox but I want America to go back to currency standard before the creation of Federal Reserve which is privately owned by big banks.