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:
end the fed
So true
https://en.wikipedia.org/wiki/Russian_financial_crisis_(2014%E2%80%93present)
…a gold reserve is collateral for debt; we do not have enough gold to cover $19 trillion…so the government “borrows” on the number of people within the Social Security system…which was made illegal by the thirteenth amendment…
The world would be foolish to continue to let America be the standard with our retards in office.
Your premise is true…if you believe the numbers being reported by the US are accurate.
He’s been working on this for years. This is old news.
Ok thanks I cant tell new from old news any more
tipical.
Smart